China Faces 245% Import Tax plus EPA's Deregulation Drive saving Taxpayers Billions
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 17 April 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
Trade Tensions and Tariffs
- Trump Administration's Tariffs: We highlight the Trump administration's imposition of a 245% tariff on Chinese imports as a retaliatory measure against China's actions. This move has significant implications for global markets, American supply chains, and Chinese exporters.
- China's Response: China appointed Lee Chong as its new trade negotiator, signaling a potential shift in negotiation style. Lee's background includes significant roles in the World Trade Organization and other international organizations, suggesting a more open-minded approach to free trade.
Negotiations and Global Impact
- Trade Negotiations: We mention ongoing negotiations with 130 countries, aiming to reduce tariffs and improve trade relations. This includes discussions with major economies like Japan, Korea, and India.
- Exemptions on Electronic Devices: Certain electronic products, including smartphones and computers, are exempt from the tariffs, reflecting the administration's efforts to balance national security concerns with economic needs.
Political and Legal Developments
- MS-13 Gang Member Deportation: We detail a controversial case involving the deportation of an MS-13 gang member to El Salvador. It includes a discussion on the legal and political ramifications, highlighting the administration's stance on immigration and national security.
- Supreme Court Ruling: The Supreme Court's unanimous decision against a district court ruling that attempted to compel the return of the deported gang member is emphasized, showcasing the administration's legal victories.
Environmental Policies
- EPA Deregulation: Wed outline significant deregulatory actions by the Environmental Protection Agency (EPA), led by Administrator Lee Zelden. These actions aim to reduce government waste, fraud, and abuse, while promoting economic growth and energy dominance.
Political Violence
- Incidents of Political Violence: We touch on instances of political violence, including threats against public figures and the normalization of such behavior. It calls for zero tolerance and leadership in addressing these issues.
Media and Public Perception
- Media Bias: We criticize media outlets like CNN for their perceived bias and misinformation, particularly in relation to the administration's policies and actions.
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Transcript
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| 0:00.0 | You may have seen the headline, and the headline is one that was shocking to the world, |
| 0:06.0 | and it was done on purpose by the Trump administration when it comes to China. |
| 0:10.4 | China is now facing up to a 245% Trump tariff. |
| 0:15.7 | Now, there's a lot that has happened in the last 24 hours. |
| 0:19.8 | Not only did the White House say China's facing this 245% |
| 0:23.6 | tariff on imports to the U.S., but they said it was because of a result of its retaliatory |
| 0:28.7 | actions from China against us. Now, this is going back and forth at a rapid pace. Why does this matter? |
| 0:36.8 | Because the trade war is obviously rattling global markets. |
| 0:40.8 | Cutting off Chinese imports is complicating American supply chain. |
| 0:45.3 | And it is also hurting Chinese exporters. |
| 0:49.6 | All but losing, the U.S. market is, quote, a severe blow. |
| 0:53.4 | And now they are putting pressure on their own government to get a deal done. |
| 0:59.0 | So here's what we know now. |
| 1:01.3 | There has been movement from China quietly. |
| 1:04.9 | China has now appointed a new trade negotiator. |
| 1:09.4 | China appointed a man by the name of Lee Chengg as its new trade negotiator on Wednesday |
| 1:15.3 | in the midst of its tariff fight with the U.S. |
| 1:18.7 | Now, this is a significant move that signals a change in the style of their negotiations |
| 1:24.7 | or lack thereof from Beijing. |
| 1:27.3 | Now, let me tell you more about Lee that you will hear nowhere else prior to this new |
| 1:32.4 | appointment. Lee spent about four and a half years as China's ambassador to the World Trade Organization. |
| 1:39.2 | That is the body that governs global commerce and to which Beijing has appealed in its tariff dispute with the U.S. |
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