4.4 • 802 Ratings
🗓️ 14 April 2025
⏱️ 10 minutes
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0:00.0 | This is a clip from Raised by Giants. |
0:05.2 | You can access the entire episode now on our website and all podcast platforms. |
0:11.8 | The headlines are seeing like all kinds of different stuff, right? |
0:15.5 | Especially when it comes to China. |
0:17.1 | And like the headlines are seeing that Trump wanted to put a tariff of 144% on China. |
0:21.6 | But what I suspect is going on, because that doesn't make any sense. |
0:27.6 | Okay, 144% tariff, that would mean that China would be giving away all of their goods and products |
0:35.6 | and also losing 44% of their revenue. So they would be taking a |
0:40.8 | loss on the product, a loss on the revenue to create that product and the revenue for selling |
0:46.1 | that product. That's a stupid deal, which I think is fraudulent, right? The 145% number, or the 144% |
0:53.6 | number, depends on what article you're reading, seems like it's |
0:57.2 | fraudulent because what I suspect that they're, that they've done is they've just added up |
1:01.9 | the increases of all of the sectors of goods. |
1:06.3 | So they've taken the food imports, the technology imports, whatever else China is importing. |
1:12.3 | Dave, you know more about what China imports in the United States or other services imports and added all of those together. |
1:19.0 | And then that lands on the 145% number. |
1:22.0 | You get what I'm saying? |
1:23.1 | But it seems like it's happening is certain sections of imported goods and services are all being added |
1:28.6 | together to get that 145% tariff increase. The actual overall number is much lower. For example, |
1:36.5 | you can add a 50% tariff increase on for just an example, soap imports, right? But soap isn't the only thing that you're importing and that |
1:47.4 | would only affect the overall imports by like 1% right it's a super sneaky way to create like industry |
1:55.3 | headlines right and blow the whole thing up like oh my god Trump wants to put a 145% increase on tariffs on |
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