WHY MARKETS DON'T TRUST STATISTICS AND WHAT A 10% TARIFF ON ALL IMPORTS WILL LEAD TO

00:00 - Introduction: two main economic news stories of the week.
00:39 - Why is distrust in U.S. statistics growing? Pressure and parallels with Nixon.
01:05 - July employment numbers: why are 73,000 new jobs a bad sign?
01:40 - How distrust in data triggers market nervousness.
02:51 - 10% tariff on all imports: what’s the idea behind it?
03:37 - Consequences of the tariff: rising prices, damage to businesses, and risk of a trade war.
04:23 - A history lesson: how the Smoot-Hawley tariffs worsened the Great Depression.
05:11 - Global shift: abandoning WTO rules and rising protectionism.
05:55 - Conclusion: the link between trust in institutions and economic stability.