4.4 • 7.3K Ratings
🗓️ 10 April 2025
⏱️ 171 minutes
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0:00.0 | It's a trade war, my friends, and it's certainly not dying down. As it turns out, we were all wrong. |
0:05.9 | Donald Trump did not put a 125% tariff on China. They've clarified it's a 145% tariff. |
0:15.3 | Now, the news is breaking despite the fact that it's always been the case. That is, when Donald |
0:19.3 | Trump announced that he was going to be increasing tariffs on China by 125 percent, many people in the media, including ourselves, did not realize |
0:26.2 | that included an additional 20 percent that he had previously put on the country. And the White House is now |
0:31.4 | clarified, all goods coming in. They're going to be a lot more than that, 145%. But wait, there's more. |
0:40.0 | The de minimis loophole, which allows individuals to buy small products from China directly. |
0:46.5 | It's now facing a massive tariff of over, I believe it's around 110%. |
0:52.2 | Meaning for websites like Shine and Timu, when you want to buy those smaller products under $800 directly from the manufacturer in China, not anymore. |
1:01.1 | They got to double those prices. |
1:03.0 | In response to all of this, China is panicking. |
1:06.6 | Now, some people are saying it's Donald Trump playing fourth dimensional chess, which is kind of dumb if you ask me, because it's just regular old chess. |
1:14.2 | He's got a plan. |
1:15.4 | There are pitfalls. |
1:16.2 | There are risks. |
1:17.2 | Depending on what occurs after he makes a move, he may make a different move. |
1:20.5 | And one of those negative consequences was a failure in the bond market. |
1:25.0 | People were selling off U.S. debt, and that was pretty worrying. |
1:28.0 | Trump's admins actually said, yeah, the bond market was worrying. So Trump made his move to |
1:32.3 | reverse course. But this does not mean that it was an accident. It means Trump made a move, |
1:38.8 | assessed what was happening, made a different move. It's funny because I guess liberals don't |
1:44.0 | understand what planning actually means, and this is a |
... |
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