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  • 5 months ago
President Trump’s sweeping new tariffs have just taken effect, targeting more than 90 countries in one of the biggest global trade shake-ups in decades. From Southeast Asia to Europe, allies and rivals alike are facing steep import taxes — some as high as 40%. Trump says it’s about bringing jobs back to America and reshaping the global trading system. But with threats against India, 100% tariffs on foreign chips, and tense negotiations worldwide, this could mark the start of Trade War 2.0.
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00:00Trump's sweeping new tariffs have just kicked in, hitting more than 90 countries at once.
00:05He says billions are now flowing into America as import taxes bite.
00:09The goal? Bring back jobs, boost manufacturing, reshape global trade.
00:13Some of the biggest hits are in Southeast Asia, with Laos and Myanmar facing tariffs of 40%.
00:19Switzerland, unable to strike a deal, now faces a 39% rate, one of the highest ever.
00:25Even allies like Taiwan are paying 20%.
00:28Trump is also turning tariffs into leverage.
00:31India could see its rate jump to 50% unless it stops buying Russian oil.
00:35And he's threatening a 100% tariff on foreign-made chips to push tech production into the U.S.
00:41Markets were braced for chaos, but surprisingly, most in Asia held steady.
00:46Now, with the dust settling, economists say countries can finally assess the real impact.
00:52One thing's certain, Trump's trade war 2.0 is officially here, and it's global.
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