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,investing,investing for beginners,investing in your 20s,how to invest,how to invest in real estate,how to invest in stocks,stock market investing,stock market investing for beginners,stock options,robinhood,robinhood app,best stock trading app,how to be a millionaire,how to be a millionaire in 3 years,credit score,credit score explained,credit card,credit cards for beginners,passive income,how to build wealth,how to build wealth in your 20s,real estate 101,PvUE5JZBjnE,, Politics,Society, channel_UCV6KDgJskWaEckne5aPA0aQ, video_PvUE5JZBjnE,Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: https://incogni.com/graham | Let's talk about the Donald Trump Tariff Plan and how this could affect the economy in 2025 - Enjoy! Add me on Instagram: GPStephan
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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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What responsibility-based strategies must businesses adopt to leverage AI agents effectively while minimizing emerging cybersecurity risks?
This is the full audio from a discussion hosted at the World Economic Forum in Geneva on 13 November, 2024. The video is available to Forum digital subscribers here: https://toplink.weforum.org/event-mode/a0PTG0000004wNC2AY/sessions/a0WTG000000TESb2AO/defending-the-digital-mind-the-emerging-challenges-of-ai-agents
Speakers:
Grant Waterfall, Partner, Europe, Middle East and Africa and Germany; Leader, Cybersecurity and Privacy, PwC
Hoda Al Khzaimi, Director, Centre for Cybersecurity, New York University Abu Dhabi
Matan Getz, Chief Executive Officer, Aim Security
Nic Chavez, Chief Information Security Officer, Datastax
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Alastair Crooke: Russia took down 90% of their Attack | Incredible Tactics! Strategic Thinking 13.5K subscribers
65,912 views Premiered Nov 25, 2024 #AlastairCrooke #WorldPolitics #ForeignPolicy Discover the thought-provoking insights of Alastair Crooke, a former British diplomat and one of the most influential voices on Middle Eastern politics and global geopolitics. 🌍
In this exclusive video, we explore Crooke’s extensive career, his deep understanding of Middle Eastern affairs, and his bold critiques of Western foreign policy. Known for his nuanced perspectives on conflicts in the region, Crooke’s analysis brings clarity to the complexities of modern geopolitics and international relations.
🎯 **WHAT YOU'LL LEARN**:
The early career and diplomatic background of Alastair Crooke His key contributions to Middle Eastern diplomacy and conflict resolution An exploration of his critical views on Western interventions and global politics Insights from Crooke’s writings and interviews on international relations Exclusive interview footage (if applicable)
📚 Best known for his sharp and often unconventional perspectives on geopolitics, Alastair Crooke offers invaluable insights into the power dynamics shaping today's global conflicts. This video provides a comprehensive look at his career and lasting influence on international diplomacy.
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