Video: TRUMP'S DEFEAT: CHINA & 99 COUNTRIES Form Trade Alliance Against AMERICA

Transcript

0:00

The August 1st deadline passed and Trump

0:02

did not get what he wanted. He had made

0:04

it clear to the entire world. Either you

0:07

sign a trade deal with the United States

0:09

before this date or be ready for harsh

0:11

new tariffs. But instead of complying,

0:14

90 countries simply turned around and

0:16

walked away. No deals, no concessions,

0:19

no fear. They did not believe his threat

0:22

and they were right. Now Trump is

0:24

furious and he is striking back. He is

0:27

launching a wave of new tariffs that hit

0:29

both allies and rivals. Canada, one of

0:33

America's most reliable partners, got a

0:35

35% tariff. The list also includes

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Switzerland, Taiwan, Cambodia, and

0:41

Thailand with rates up to 39%. Trump has

0:45

divided the world into three categories.

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Those who complied, those who stalled,

0:50

and those who dared to defy him. If you

0:52

did not sign the deal, you pay. This no

0:55

longer looks like normal trade policy.

0:58

It has become something personal. Trump

1:00

is walking away from deals, breaking

1:02

alliances, and trying to remake the

1:04

entire global trade system through

1:06

pressure. And he is doing it at the

1:08

worst possible time. The economy was

1:11

already teetering on the edge. Many

1:13

thought a recession had been avoided,

1:15

but now this tariff shock could finally

1:17

push it over. There is no plan B,

1:19

neither for Trump nor for the world.

1:22

Everything is moving straight into the

1:24

eye of the storm. The world told Trump

1:26

no, and now he is ready to burn

1:28

everything down. So, let's break down

1:30

this chaos. Just hours before the

1:32

deadline expired, an order was signed.

1:35

The United States is imposing tariffs on

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goods from 67 countries and the European

1:40

Union from 10 to 41%. Brazil received a

1:44

base rate of 10% plus another 40% for

1:47

political reasons, a total of 50.

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Canada's tariff was raised to 35%,

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Taiwan's to 20, Switzerland's to 39,

1:56

South Africa's to 30, and Pakistan's to

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19. The rest of the countries that did

2:01

not sign a deal received a flat 10%.

2:04

This is not a calculated trade policy.

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It is punishment dressed up as an

2:08

executive order, a base 10% for everyone

2:12

who failed to make a deal. More for

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those whom the administration believes

2:15

went against the US line. No

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negotiations, no consultations, only

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unilateral measures. This approach

2:23

ignores all principles of multilateral

2:25

diplomacy. Trump once again cites the

2:28

International Emergency Economic Powers

2:30

Act, claiming that the trade deficit

2:32

poses a national security threat. But US

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courts have already ruled such arguments

2:37

unlawful when he imposed the so-called

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emergency tariffs. At that time, the

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court decided that a prolonged trade

2:44

deficit does not constitute an

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emergency. Yet the administration is

2:48

repeating the same trick. This is a

2:50

clear abuse of power. Global trade is

2:52

built on agreements, rules, and mutual

2:54

negotiations. But Trump is acting more

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like someone who simply imposes his

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terms. And all this is happening at

3:01

lightning speed. Countries do not even

3:03

have time to respond before the tariffs

3:05

take effect. Meanwhile, as the global

3:08

public reels from the shock, the Trump

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administration is pushing an entirely

3:12

different version of events, boasting

3:15

about the so-called success of its new

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trade policy. According to official

3:19

statements, Japan, the EU, the United

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Kingdom, South Korea, Indonesia, the

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Philippines, and Pakistan have already

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signed deals with the United States. At

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first glance, this sounds like a

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diplomatic breakthrough. But upon closer

3:36

inspection, it becomes clear these

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agreements hardly look like real

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victories. Many of them seem more like a

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well orchestrated PR stunt than the

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outcome of fair negotiations. As

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Politico writes, Trump is literally

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squeezing these countries like lemons.

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Most of these deals were announced at

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the last moment, just hours before the

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deadline or right after it. This shows

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how desperate these countries were to

4:00

avoid punishment. They were not

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concerned with a long-term partnership.

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What worried them was the threat of

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tariffs. Take Japan for example. It

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agreed to lower tariffs on auto parts

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and industrial goods, but in return, it

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promised to support US defense policy in

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Asia. And not only that, Japan also

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committed to investing around $550

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billion US into American projects. That

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is an astronomical sum and it is hard to

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call this a fair deal. South Korea found

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itself in a similar situation. It was

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granted tariff reductions on

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electronics, but it also pledged to

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publicly support the United States on

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the issues of Taiwan and regional

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security, and that is already politics,

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not trade. The deal with the European

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Union was outright chaos. Instead of one

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unified agreement, EU countries began

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separate negotiations. Some were

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promised relief on agricultural

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regulations, others small concessions on

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auto parts or chemicals. What united

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them all was fear. Most were simply

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hoping to avoid the worst case scenario.

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The United Kingdom was also cornered. A

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country still shaping its economic

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strategy after Brexit received limited

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exemption from tariffs on

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pharmaceuticals and financial services.

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But in return, London quietly abandoned

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a planned technology agreement with

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China. Exactly what Washington had been

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seeking. In other words, a concession in

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one area turned into losses in another.

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Even countries like Indonesia and the

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Philippines, whose economies heavily

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depend on access to the American market,

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found themselves in an awkward position.

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Their deals essentially amounted to

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temporary tariff reductions in exchange

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for political concessions. In Manila's

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case, the government pledged to

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strengthen military cooperation with the

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United States in the South China Sea. In

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Jakarta, the price of the arrangement

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was an informal refusal to pursue

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Chinese-f funed infrastructure projects.

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What all these agreements have in common

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is how they were reached. They were not

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the result of calm negotiations or

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shared interests. They were emergency

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measures taken under pressure. Most

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countries were not happy about the

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deals. They simply breathed a sigh of

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relief that they had avoided something

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worse. In such a system, tariffs are no

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longer just about trade. They are about

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submission. Access to the American

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market becomes a privilege reserved only

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for those who demonstrate political

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loyalty. Since Donald Trump came to

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power, even Canada has begun to act

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independently. Years of close

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partnership have been replaced by its

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own policy, especially toward China. The

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United States demanded that Canada cut

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ties with Chinese companies,

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particularly in the field of fifth

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generation telecommunications, but

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Ottawa refused to comply. On climate

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policy, Canada also followed its own

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course. And in the trade war between the

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United States and China, Canada tried to

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remain neutral. Washington did not like

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such independence. And now Canada is

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facing 35% tariffs, not because it

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violated any rules, but because it began

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making its own decisions. Yet, while

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Trump wielded tariffs, the consequences

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kept growing more serious. As soon as

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the new wave of tariffs began, global

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markets reacted as if to an earthquake.

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Stock indexes in Asia collapsed sharply.

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Red screens lit up in Tokyo, Seoul, and

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Mumbai. In the United States, markets

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also faltered. Traders realized that

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this was no longer economic policy. It

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was an ambush. Bond yields plunged.

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Investors began frantically searching

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for a safe haven. It was a troubling

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signal. Market participants were bracing

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for impact. And then the August 1st jobs

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report came out and poured fuel on the

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fire. In July, only 73,000 jobs were

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created compared to the forecast of

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100,000. and the unemployment rate

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inched up to 4.2%.

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For the markets, this was not just a

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weak report. It was a warning sign that

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the American economy might start

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cracking under the weight of its own

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decisions. These figures cannot be

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viewed in isolation. They are part of a

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negative trend. Due to tariffs,

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production costs are rising. American

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companies that need Chinese components,

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semiconductors from Taiwan, or metals

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from Brazil are now overpaying simply to

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survive. And these costs do not

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disappear. They are passed down the

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chain all the way to the consumer. As a

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result, American families are paying

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more for food, smartphones, tools,

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medicine, diapers, and not because they

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did something wrong, but because other

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countries refuse to comply with

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Washington's latest ultimatum. As it

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turned out, even signed deals are no

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guarantee of stability. South Korea,

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Indonesia, the United Kingdom, all

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signed limited agreements. Yet tariffs

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still remained high. It is like signing

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a peace treaty, but the missiles keep

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falling. The Trump administration claims

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its tariff policy is targeted and

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strategic, that such a reset is a way to

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correct decades of unfavorable

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agreements. But even conservative

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economists are starting to doubt these

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calculations. The average US tariff rate

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is now about 18%, the highest since the

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Smoot Holly Act of the 1930s. Back then,

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such a policy only deepened the Great

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Depression. So, is history repeating

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itself? Officials say that the new

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tariffs could bring in between 450 and

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500 billion US in revenue. But at what

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cost? For every dollar from tariffs,

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several dollars are lost due to

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inflation, falling consumer spending,

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and retaliatory measures from other

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countries. Foreign direct investment in

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the United States has also slowed.

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Export oriented industries, agriculture,

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aviation, technology are also suffering.

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Allies are gradually distancing

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themselves both politically and

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economically. Once America led by

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example. Now it leads only through

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pressure and the price for that is

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growing isolation. When trade deals are

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forced at the barrel of the tariff gun,

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it is no longer about partnership. It is

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an ultimatum. More and more American

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companies are asking themselves, is this

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America first or America alone? What is

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worse is that the very foundation of the

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global system is starting to crack. The

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World Trade Organization, the G7, even

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economic coordination within NATO, all

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of it is coming apart at the seams. If

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all countries start acting by the same

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principle, the result will not be fair

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trade, but fragmented markets, rising

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protectionism, and nationalism. What is

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happening now is not just a revision of

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trade rules. It is a geopolitical

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earthquake. And like any earthquake, it

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will leave behind long and heavy

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consequences that will be felt for many

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years to come. And if you are interested

10:51

in news from the global stage, subscribe

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