4.8 • 1.7K Ratings
🗓️ 10 April 2025
⏱️ 12 minutes
🧾️ Download transcript
Trump hits China with 125% tariffs after their 84% retaliation. Richard Werner joins Patrick Bet-David to break down global power dynamics, trade leverage, and whether Trump’s bold strategy could reshape the world economy.
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| 0:00.0 | Let's say we're, you know, two vendors. |
| 0:04.2 | Okay, you have a software, I have a software. |
| 0:06.6 | I have my customers. |
| 0:07.9 | You have your customers. |
| 0:09.2 | Okay. |
| 0:09.8 | And there's about 100 people out there, 195, to be exact. |
| 0:13.7 | These are countries, right? |
| 0:15.3 | 195 people that do business with both of us, okay? |
| 0:19.2 | Out of these 195, let's take the top 40, the ones that matter the most, Germany, Italy, Mexico, |
| 0:24.7 | Canada, the ones that these are the real guy. |
| 0:27.2 | Which one of those two, if you had to lose one of them, if one threatened you to say, |
| 0:32.8 | to be with me, you cannot do business with the other guy. |
| 0:36.8 | Who do they need more? |
| 0:41.0 | That's quite a complex setup. Meaning, I'm U.S., you're China. Who do they need more? |
| 0:47.9 | Who can they not afford to lose? |
| 0:56.2 | There's a reason why I'm asking this question. |
| 0:57.9 | I think maybe you know where I'm going with this. |
| 0:59.5 | Who do you think they need more? |
| 1:02.0 | Who are they more relied on? |
| 1:05.5 | Do they rely more on the relationship with the U.S.? Or do they rely more on the relationship with China? |
| 1:07.3 | I think it totally depends. |
| 1:08.5 | It totally depends on the specifics of the type of, we're talking of the software, |
... |
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