Will Donald Trump’s ‘liberation day’ tariffs drag US into recession?

WooGlobe

Donald Trump’s new “Liberation Day” tariffs are shaking the foundations of the US economy. With average import duties spiking to 22% — the highest since 1910 — economists are sounding the alarm. Everyday Americans could face over $1,300 in extra costs, while Wall Street wobbles and businesses pull back investments. Is this the start of a new recession? Or will Trump reverse course before it’s too late? In just one minute, we break down how this bold move could reshape the economic landscape — and what it means for your wallet.  :chart_decreasing: Inflation :bar_chart: Recession risks :dollar_banknote: Dollar drop :briefcase: Jobs on the line  Watch now to understand the real impact of Trump’s trade war 2.0. WooGlobe Ref : WGA614165 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00Donald Trump just triggered a massive shake-up in the global economy.

00:03He's calling it Liberation Day.

00:05But to economists, it's a ticking time bomb.

00:08With sweeping new tariffs now in play, almost every import is hit,

00:12sending the average U.S. tariff rate skyrocketing from 2.5 percent to 22 percent,

00:17the highest level in over a century.

00:20This move could slam the brakes on an already weakening economy.

00:24Prices are expected to soar,

00:26with American households potentially facing an extra $1,350 a year.

00:31It's not just frustrating.

00:33It's dangerous, especially at a time when growth is slowing

00:36and inflation is already a concern.

00:38Wall Street is sounding the alarm.

00:40The dollar is slipping,

00:42investor confidence is falling,

00:44and companies are pulling back on investments.

00:46Economists warn this isn't just inflation.

00:49It's a recipe for recession.

00:51And the Federal Reserve is stuck in the middle.

00:53Raise rates and risk collapse

00:55or lower them and risk runaway inflation.

00:57The global ripple effect could be brutal.

01:00If trading partners hit back,

01:02U.S. exports will suffer,

01:04jobs may disappear,

01:05and markets could spiral.

01:07So the big question now is,

01:09will Trump stay the course, or backtrack,

01:11before the economic pain becomes too great?

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