Overview

• President Trump's global tariff policy, announced on April 2, has caused market turmoil and a stock market crash ahead of its April 9 implementation.
• MrBeast, a prominent YouTube creator and entrepreneur, revealed that his Feastables chocolate bar business is moving production overseas due to the steep cost increases caused by the tariffs.
• The tariffs impose a 20%+ increase on the cost of goods sold for U.S.-based production, making international manufacturing more cost-effective for companies like MrBeast's.
• MrBeast emphasized his commitment to ethical practices, including paying cocoa farmers a living income and using fair trade certified beans, despite the financial strain caused by the tariffs.
• Broader concerns are emerging about the tariffs' impact on other industries, including fears that Hollywood could face exclusion from the lucrative Chinese film market.