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In today's video I want to talk about the 2 new stocks being added to the S&P 500, the 2 stocks being removed from the S&P 500 and when this change will take effect in the stock market.
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WHAT IS A TARIFF:
A tariff is essentially an extra "tax" imposed when importing goods from one country to another, designed to make foreign products more expensive and encourage consumers to buy locally, which benefits the domestic economy. However, it's important to note that this 'tax' is paid by the person or company importing the products - not by the country that makes the product. So, if Apple imports from China - Apple is responsible for paying the tariff - not China.
BENEFITS OF TARIFFS:
-They protect US Companies from Foreign Competition.
-Increased Job Growth.
-Higher Government Revenue.
-Favorable Trade Negotiations.
DOWNSIDES OF TARIFFS:
-Higher Prices For Everyone
-Retaliation From Other Countries
-A Decline In Economic Growth
-Less Competition Could Lead to Less Innovation
TARIFFS IN 2025:
On November 25th, it was announced that Trump would enact an executive order to create “an additional 10% tariff on Chinese imports, as well as an additional 25 percent tariff on Mexico and Canada.” These tariffs would continue until China, Mexico, and Canada addressed the movement of 'bad things' and undocumented people across the US border - and, the impact could be pretty significant.
After all, in response to these announcements, “Canada and Mexico said that they would retaliate with tariffs on U.S. products if tariffs on their U.S. exports were imposed” - and, as you would expect, China reflected the same sentiment, shortly after. Mexico’s president even said that “neither threats nor tariffs will solve the issue of migration or consumption of bad things." (I made this PG for YouTube).
IMPACTS:
If history is any indication, Trump can move forward with tariffs using rather specific law, they wouldn’t be the “economic boom” that some people think it would be, and instead, it’s said that “The measures proposed could hit a number of strategic US industrial sectors hard, add approximately $272 billion a year to tax burdens, raise goods prices, lift interest rates, and sap strength in an already-vulnerable household sector.”
To make matters worse, in terms of existing tariffs: In 2022, they generated $80 BILLION DOLLARS for the US Government - which, was just 2% of all tax revenue - enough to keep the government running for just 15 days. This pretty much suggests that it would be IMPOSSIBLE to fund the US government with tariffs alone, and this is purely ‘wishly thinking’ with no chance of actually becoming a reality.
WHY TARIFFS NEXT YEAR?
The reality probably lies somewhere in the fact that the upcoming administration believes that our reliance on China is seen as a bad thing, both economically and politically - and, he could threaten tariffs as a way to negotiate a more favorable trade deal for the United States.
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“In All the World…” is a 1940s color promotional film highlighting Great Northern Railway’s service from Chicago to Glacier National Park and beyond to Seattle and Portland. Narrated by James F. Clemenger, the film highlights one of the stops along the Great Northern Railway route - Glacier National Park and Waterton Lakes National Park across the international boundary in Alberta, Canada. Specifically, the film follows a group of travelers who have arrived on the Empire Builder luxury train from Chicago as they explore the natural wonders that the park has to offer.
Upbeat music, footage opens to spinning globe and opening credits (0:10). Narration begins, globe stops spinning and camera zooms into United States (0:42). Great Northern Railway route appears on map spanning Chicago, St. Paul, Minneapolis, Glacier National Park (Montana), Spokane, Seattle, Portland, San Francisco, Los Angeles (0:49). White water waterfall rushes through rocky cliffs lined with pine trees, montage scenic nature shots around the national park (1:11). Great Northern 2584 Steam Locomotive pulls into East Glacier Park station: Passengers disembark Empire Builder, greeted by members of Blackfeet Nation (1:36). Glacier Park Lodge, visitors walk through beautiful, manicured grounds (2:36). Reception area of lodge, constructed out of dark timber (3:22). 1936 White Model 706 Glacier National Park Tour Buses depart lodge for excursion, vivid orange color contrasts dark greens and browns of rugged nature (3:59). Trick Falls (4:55). Two Medicine Chalet on shore of Two Medicine Lake, view of rugged peak of Mount Rockwell (5:26). Glacier Park Boat Company tour of lake on historic wooden boats (6:05). Twin Falls (6:32). Round of golf at Glacier Park Hotel (7:12). After dinner, hotel guests dance to live band (7:49). Group head out on horseback for camping, exploration of park (8:27). Blackfoot Indians wearing traditional dress partake in ceremonial dances, guests talk with tribe members and learn about their history (8:52). Tour bus drives up Medicine Valley, view of Rising Wolf Mountain (10:39). Trees frame lookout view point of Cut Bank Valley (10:50). Divide Mountain (on Hudson Bay Divide) (10:57). Lower St. Mary Lake (11:20). Sign Waterton Lakes National Park, Canadian customs (11:40). Prince of Wales Hotel, Mount Crenel behind (12:02). View from lobby of Waterton Lake surrounded by Canadian Rockies, Mount Cleveland (12:20). Sightseeing cruise on Waterton Lake (12:58). Goat Haunt Camp (13:30). Cameron Falls (14:22). Kids play in horse-drawn carts (14:51). Women fawn over “Mountie” (Royal Canadian Mounted Police) (15:08). Our Lady of Mount Carmel Catholic Church (Waterton first Catholic Church) (15:15). United States Customs (16:02). Tour bus travels along banks of Swiftcurrent River (16:30). Government check-in station (16:36). Swiftcurrent Falls (17:13). Vantage point on top of Mount Elton, overlooking Swiftcurrent Lake, Many Glacier Hotel, Lake Josephine, Grinnell Lake (17:19). Visitors relax on porch of Many Glacier Hotel, other activities: Fishing in Swiftcurrent Lake, cold plunge and swim in waters (17:44). Hike through forest to Lake Josephine, view of Grinnell Glacier (19:30). Young women feed, play with squirrels (20:16). Guests dress up in cowboy regalia, head out for Grinnell Glacier on horseback (21:11). Mount Gould (22:03). Jade-green water of Grinnell Lake (22:59). Group stops and eats packed lunch, continues on rest of trail on foot (23:58). Close-up glacial mud (24:42). Snowball fight on top of glacier (25:14). Tour bus drives along Going-to-the-Sun Road, view St. Mary Lake and Divide Mountain in distance (26:14). Mount Citadel (26:56). Going-to-the-Sun Mountain (27:03). Other group heads out for trail ride through Gunsight Pass to Lake McDonald (27:46). Yellow, red seep monkeyflowers (28:32). Tour buses exit tunnel on Going-to-the-Sun Road (29:07). St. Mary Valley, Mount Morgan (29:32). Logan Pass (29:53). Lake McDonald Hotel (31:18). Waterskiing on lake, swimming (31:47). Mount Cannon (32:24). Tour buses take guests to Belton Railway Station at Western Gateway to Glacier Park (33:12). Empire Builder departs Belton for Pacific Northwest (33:49). Great Northern Railway logo with goat (34:15). Film ends (34:26).
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A New Jersey resident was escorted out of a town council meeting for waving an American flag in protest of a new rule that bans such items, including the U.S. Constitution and other "props" from the public comment portion of town meetings.
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CNN panelist Coleman Hughes clashed with Democratic strategist Ameshia Cross over whether comedian podcaster Joe Rogan “shifting towards the right” was a form of opportunism on his part, chasing an audience, or an indictment of the Democratic Party’s changing politics.
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CNN anchor Cari Champion spars with Scott Jennings over Elon Musk buying MSNBC and regulation on X.
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