Hello everyone! Today let's talk about Trump's tariff policy. When Trump imposed tariffs, his supporters defended him with various reasons. However, when the tariffs were actually implemented, Canada and Mexico strongly retaliated.

Doug Ford, the Premier of Ontario, was the first to respond by canceling a contract worth 100 million Canadian dollars with Starlink; he removed American wine from the shelves of the Ontario Liquor Control Board, prohibited American companies from participating in government contract bidding, and even threatened to cut off electricity to the U.S. Anti-American sentiment surged in Canada, with one in five Canadians canceling their trips to the U.S. The U.S. was left with no choice but to delay some tariffs.

Trump's tariffs disrupted the supply chain, causing internal economic problems in the U.S. Canada and China are major customers of the U.S., and their countermeasures harmed U.S. exports. U.S. mineral exports are expected to decrease by 97%, lumber exports by 72%, and automobile exports by 55%. China imposed tariffs on U.S. chicken, wheat, and other agricultural products, affecting over 22 billion dollars of U.S. agricultural products.

Due to the countermeasures from various countries, the U.S. stock market plummeted, losing 1.15 trillion dollars in market value in one day. The Atlanta Federal Reserve predicted that the U.S. GDP growth in the first quarter would be -2.8%. The unemployment rate in the U.S. rose to 4.1%, high-end jobs decreased, and a quarter of Harvard's MBA graduates from last spring had not found jobs nearly a year after graduation.

Meanwhile, Trump was busy hosting dinners and collecting money, exempting large companies from tariffs while small businesses and the public bore the losses. Even if Trump's tariff policy is canceled, the impact will be hard to eliminate. The U.S. can no longer maintain its previous status as a unipolar hegemon; otherwise, it will be abandoned by the world!