$2 Trillion Market Wipeout: Will New Tariffs Doom The Economy? | Michael Pettis

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