Michael Pettis, Professor of Finance at Peking University, discusses the economic ramifications of the "Liberation Day" tariffs. This video was distributed on behalf of West Red Lake Gold Mines (TSXV: WRLG | OTCQB: WRLGF). Learn more about WRLG: https://westredlakegold.com/*This video was recorded on April 1, 2025Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW MICHAEL PETTIS:https://carnegieendowment.org/people/michael-pettis?lang=enX (@michaelxpettis): https://x.com/michaelxpettisFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at david@thedavidlinreport.com*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro1:10 - Trump Tariffs6:37 - Industrial Policy10:50 - Trade Deficits11:30 - Impact of Tariffs on Prices12:51 - Capital Markets Implications 13:59 - Different Trading Blocs15:35 - The Great Depression18:36 - Economic Growth20:26 - Manufacturing24:30 - China's Response26:11 - Future Steps28:02 - Trade Wars Are Class Wars#tradewar #tariffs #economy
