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WHY TRUMP'S TARIFF ATTACK ON CHINA WILL FAIL – explained in 60 seconds: . Dear America, every summer is warmer than the one before. China makes MORE THAN 80 PER CENT of the world's air conditioners. Can you do without them? . We also make MORE THAN 90 PER...

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Nury Vittachi

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32,565 görüntüleme • 1 yıl önce •via X (Twitter)

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CORNIOT CHRISTINE profil fotoğrafı
CORNIOT CHRISTINE1 yıl önce

The US narrative is dishonest. We all know how the corporate greed has offshored manufacturing for 5 decades to the dismay of the working population in the West. It takes more than posturing to re-industroalize Western countries TO AN EXTENT. However it's not an impossibility.

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The Washington Post1 yıl önce

Here’s what could get more expensive with Trump’s new tariffs.

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Kim Chan1 yıl önce

What will 4th July be like for 🇺🇸? 😂😂😂

Benzer Videolar

Do you know that 90 per cent of the people evacuated from South Africa are Igbos 85 per cent of them are IPOB who attack Nigeria online South Africa is their headquarters Please don’t leave them in Lagos, transport them to their respective states
2:18

Do you know that 90 per cent of the people evacuated from South Africa are Igbos 85 per cent of them are IPOB who attack Nigeria online South Africa is their headquarters Please don’t leave them in Lagos, transport them to their respective states

Nononsense

123,863 görüntüleme • 2 ay önce

One is 6 times more likely to have a package stolen in the USA than in China. One is 13 times more likely to be the victim of a homicide in the USA than in China. One is also about 8 times more likely to end up a prisoner in the US than in China. Can one find videos of crimes in China? Of course. There are 1.4 billion people in China. One can probably find a video of just about anything. But when one looks for content to prove their hateful opinion, instead of looking at the facts, they are lying and misreprenting reality. There are an increasingly isolated group of China-haters, living outside of China, trying to unfairly frame China as scary. Don't believe the hate. Come to China and experience it for yourself. That reality: China is a VERY High Trust Society. #HighTrustChina #China #StopAsianHate
0:56

One is 6 times more likely to have a package stolen in the USA than in China. One is 13 times more likely to be the victim of a homicide in the USA than in China. One is also about 8 times more likely to end up a prisoner in the US than in China. Can one find videos of crimes in China? Of course. There are 1.4 billion people in China. One can probably find a video of just about anything. But when one looks for content to prove their hateful opinion, instead of looking at the facts, they are lying and misreprenting reality. There are an increasingly isolated group of China-haters, living outside of China, trying to unfairly frame China as scary. Don't believe the hate. Come to China and experience it for yourself. That reality: China is a VERY High Trust Society. #HighTrustChina #China #StopAsianHate

Jason Smith - 上官杰文

20,330 görüntüleme • 1 yıl önce

On Monday, Rupert Lowe secured a debate on mass deportations in Parliament. Reform MPs agreed that we should deport every illegal immigrant and send millions of legal migrants home. Labour MPs Jonathan Brash, Bell Ribeiro-Addy, and Mike Tapp tried to police their language, accusing them of "racist dog-whistle politics". They are getting desperate because they know the public doesn’t agree with them. A new report from RICU darling Dame Sara Khan, A new report from RICU darling Dame Sara Khan, Britain Under Strain: The Broken Social Contract, Democratic Distrust and the Mainstreaming of Extremism, finds that: - 55 per cent of voters believe “national identity is disappearing because of diversity” - 33 per cent support remigration - 31 per cent believe being British is about ancestry - 61 per cent think the social contract is broken - 42 per cent say Muslims can never integrate into British society Among Reform voters, those figures are 87 per cent, 87 per cent, 50 per cent, 83 per cent, and 71 per cent, respectively. 32 per cent of voters believe capitalism has failed and we need a “communist revolution”. But, when categorising voters, the study finds that 58 per cent of the public are “far right” by the authors' standards. This means any party making a credible pitch to reverse mass migration and put British people first can win a Parliamentary majority. When supporters of the party that consistently leads national polls reject demographic change, multiculturalism, national identity based on self-ID, and the liberal managerial state, it's no wonder they're worried.
54:05

On Monday, Rupert Lowe secured a debate on mass deportations in Parliament. Reform MPs agreed that we should deport every illegal immigrant and send millions of legal migrants home. Labour MPs Jonathan Brash, Bell Ribeiro-Addy, and Mike Tapp tried to police their language, accusing them of "racist dog-whistle politics". They are getting desperate because they know the public doesn’t agree with them. A new report from RICU darling Dame Sara Khan, A new report from RICU darling Dame Sara Khan, Britain Under Strain: The Broken Social Contract, Democratic Distrust and the Mainstreaming of Extremism, finds that: - 55 per cent of voters believe “national identity is disappearing because of diversity” - 33 per cent support remigration - 31 per cent believe being British is about ancestry - 61 per cent think the social contract is broken - 42 per cent say Muslims can never integrate into British society Among Reform voters, those figures are 87 per cent, 87 per cent, 50 per cent, 83 per cent, and 71 per cent, respectively. 32 per cent of voters believe capitalism has failed and we need a “communist revolution”. But, when categorising voters, the study finds that 58 per cent of the public are “far right” by the authors' standards. This means any party making a credible pitch to reverse mass migration and put British people first can win a Parliamentary majority. When supporters of the party that consistently leads national polls reject demographic change, multiculturalism, national identity based on self-ID, and the liberal managerial state, it's no wonder they're worried.

Connor Tomlinson

53,053 görüntüleme • 27 gün önce

Vance: The thing that I picked up on is they get about $60,000 a year from the government of Denmark. That's $60,000 per year per person in Greenland. What the president has said is we could give the people of Greenland way more money than that
1:37

Vance: The thing that I picked up on is they get about $60,000 a year from the government of Denmark. That's $60,000 per year per person in Greenland. What the president has said is we could give the people of Greenland way more money than that

Acyn

4,412,324 görüntüleme • 1 yıl önce

Hard to believe these are from BBC: China is the biggest manufacturer in the world. China is leading in renewable... electric vehicles, solar panels, wind turbines, electric batteries. China makes more robots than anywhere else in the world. China has and processes more rare earth than anywhere else in the world. China doesn't demand you adopt its ideology. China didn’t ask countries to choose between China and the United States. In China, you have high-speed trains that can transport you from one side of the country to the other. China is a safe country. I could go for a run at 3:00 in the morning. I could put a bag full of money in a coffee shop, and it would still be there hours later. People are friendly, the food is nice...
4:04

Hard to believe these are from BBC: China is the biggest manufacturer in the world. China is leading in renewable... electric vehicles, solar panels, wind turbines, electric batteries. China makes more robots than anywhere else in the world. China has and processes more rare earth than anywhere else in the world. China doesn't demand you adopt its ideology. China didn’t ask countries to choose between China and the United States. In China, you have high-speed trains that can transport you from one side of the country to the other. China is a safe country. I could go for a run at 3:00 in the morning. I could put a bag full of money in a coffee shop, and it would still be there hours later. People are friendly, the food is nice...

Li Zexin 李泽欣

80,688 görüntüleme • 6 ay önce

House prices are out of control “Data published by PropTrack rival Cotality on Friday found Australian home values surged by 8.6 per cent in 2025, adding about $71,400 to the national median dwelling value. The median home value in Sydney hit $1.24 million after annual growth of 6.4 per cent, while Melbourne recorded $854,000 following a yearly gain of 4.5 per cent. In Brisbane the median tipped over the million-dollar mark to $1.01 million as the booming Queensland capital recorded annual growth of 14.6 per cent. Adelaide was the best-performing capital city in December, with home prices up 0.8 per cent to a median of $908,000, following a 12.8 per cent rise over the year. Perth also performed strongly, with 0.5 per cent growth in the month, matching Brisbane, to a median value of $950,000 after annual growth of 17.2 per cent.” ••••••••••••••••••••••••••• Happy New to everyone. I hope you had a good break. The rise in house prices along with the cost of living needs to be the number one priority of the Australian government in 2026. The average rise in housing of 8.6% in 2025 is more than twice the rate of wage growth of 3.4%. Our children should not have to carry the burden of trying to afford such expensive housing. It is imperative that fixing the economy takes centre stage and not the culture wars which is playing on Labor’s turf! People First is committed to promoting solutions to make housing and the cost of living more affordable for all Australians in 2026. If you would like to help our children make the Australian dream of owning their own house come true, then please consider signing up to People First. You can do so at or
1:44

House prices are out of control “Data published by PropTrack rival Cotality on Friday found Australian home values surged by 8.6 per cent in 2025, adding about $71,400 to the national median dwelling value. The median home value in Sydney hit $1.24 million after annual growth of 6.4 per cent, while Melbourne recorded $854,000 following a yearly gain of 4.5 per cent. In Brisbane the median tipped over the million-dollar mark to $1.01 million as the booming Queensland capital recorded annual growth of 14.6 per cent. Adelaide was the best-performing capital city in December, with home prices up 0.8 per cent to a median of $908,000, following a 12.8 per cent rise over the year. Perth also performed strongly, with 0.5 per cent growth in the month, matching Brisbane, to a median value of $950,000 after annual growth of 17.2 per cent.” ••••••••••••••••••••••••••• Happy New to everyone. I hope you had a good break. The rise in house prices along with the cost of living needs to be the number one priority of the Australian government in 2026. The average rise in housing of 8.6% in 2025 is more than twice the rate of wage growth of 3.4%. Our children should not have to carry the burden of trying to afford such expensive housing. It is imperative that fixing the economy takes centre stage and not the culture wars which is playing on Labor’s turf! People First is committed to promoting solutions to make housing and the cost of living more affordable for all Australians in 2026. If you would like to help our children make the Australian dream of owning their own house come true, then please consider signing up to People First. You can do so at or

Gerard Rennick

15,518 görüntüleme • 7 ay önce

China no longer makes shoddy stuff ripped off from America. They are the world leader in almost every area of technology. They also produce 500% more STEM graduates each year than does the United States. What do you think the implications of this will be? Full discussion:
2:14

China no longer makes shoddy stuff ripped off from America. They are the world leader in almost every area of technology. They also produce 500% more STEM graduates each year than does the United States. What do you think the implications of this will be? Full discussion:

Chris Martenson

32,024 görüntüleme • 5 ay önce

Elon Musk on building a self-growing city on the Moon: "You don't necessarily have to go through the moon to get to Mars. We can build a self-growing city on the moon faster than we could do so on Mars, and there's also the potential, if you say you want to scale far beyond what you can do from Earth, is that because the moon has no atmosphere and about 1/6 Earth's gravity, you can use an electromagnetic accelerator, a rail gun or mass driver, basically you don't need to use rockets to do AI data centers into deep space from the moon, you can literally just shoot them like a, like a rail gun type of thing, and and you can manufacture the solar, the solar and the radiators, solar power and radiators on the moon from moon materials that would allow scaling potentially to beyond 1000 terawatts a year, which is a truly staggering number. I think we can do probably do somewhere around one terawatt per year of AI space compute from Earth, but we can do 1000 terawatts or more from the moon."
1:17

Elon Musk on building a self-growing city on the Moon: "You don't necessarily have to go through the moon to get to Mars. We can build a self-growing city on the moon faster than we could do so on Mars, and there's also the potential, if you say you want to scale far beyond what you can do from Earth, is that because the moon has no atmosphere and about 1/6 Earth's gravity, you can use an electromagnetic accelerator, a rail gun or mass driver, basically you don't need to use rockets to do AI data centers into deep space from the moon, you can literally just shoot them like a, like a rail gun type of thing, and and you can manufacture the solar, the solar and the radiators, solar power and radiators on the moon from moon materials that would allow scaling potentially to beyond 1000 terawatts a year, which is a truly staggering number. I think we can do probably do somewhere around one terawatt per year of AI space compute from Earth, but we can do 1000 terawatts or more from the moon."

DogeDesigner

33,235 görüntüleme • 2 ay önce

Elon Musk reveals the vision he's most excited to see in his lifetime "Earth only receives about half a billionth of the Sun's energy. The Sun is essentially all the energy" "If you wanted to harness a millionth of the sun's energy, that would be about 100,000x more electricity than we currently generate on Earth for all of civilization" "The only way to scale is to go to space with solar. Launching from Earth, you can get to about a terawatt per year" "Beyond that, you want to launch from the moon. You want to have a mass driver on the moon" "With that mass driver on the moon, you could do probably a petawatt per year"
2:06

Elon Musk reveals the vision he's most excited to see in his lifetime "Earth only receives about half a billionth of the Sun's energy. The Sun is essentially all the energy" "If you wanted to harness a millionth of the sun's energy, that would be about 100,000x more electricity than we currently generate on Earth for all of civilization" "The only way to scale is to go to space with solar. Launching from Earth, you can get to about a terawatt per year" "Beyond that, you want to launch from the moon. You want to have a mass driver on the moon" "With that mass driver on the moon, you could do probably a petawatt per year"

Jaynit

54,723 görüntüleme • 2 ay önce

PRESIDENT TRUMP: “And if we didn't do this, China would have been there and Russia would have be there, maybe they both would have there together, but they're not gonna there now.” “One thing I will tell them and I will tell you, that we are open for business. China can buy all the oil they want from us there or in the United States. Russia can get all the oil they need from us.”
0:30

PRESIDENT TRUMP: “And if we didn't do this, China would have been there and Russia would have be there, maybe they both would have there together, but they're not gonna there now.” “One thing I will tell them and I will tell you, that we are open for business. China can buy all the oil they want from us there or in the United States. Russia can get all the oil they need from us.”

Fox News

141,294 görüntüleme • 7 ay önce

#WATCH | On Iran, US President Donald Trump says, "If we didn't go in, they would have come in after us...Within a week, they were going to attack us 100 per cent. They were ready. They had all these missiles far more than anyone thought and they were going to attack us. They were going to attack all of the Middle East and Israel. If they had a nuclear weapon, they would have used it on Israel. This was going to be a major attack. They had all of those missile sites and all those launchers that we got rid of about 80 per cent of them right now...They have very few launchers left. What our military has done is amazing..." (Source: The White House/YouTube)
1:23

#WATCH | On Iran, US President Donald Trump says, "If we didn't go in, they would have come in after us...Within a week, they were going to attack us 100 per cent. They were ready. They had all these missiles far more than anyone thought and they were going to attack us. They were going to attack all of the Middle East and Israel. If they had a nuclear weapon, they would have used it on Israel. This was going to be a major attack. They had all of those missile sites and all those launchers that we got rid of about 80 per cent of them right now...They have very few launchers left. What our military has done is amazing..." (Source: The White House/YouTube)

ANI

83,033 görüntüleme • 5 ay önce

#WATCH | Washington, DC: Press Secretary Karoline Leavitt says, "...Look at India, 150 per cent tariff on American alcohol. Do you think that's helping Kentucky Bourbon be exported to India? I don't think so. 100 per cent tariff on agricultural products from India...President Trump believes in reciprocity and it is about dang time that we have a president who actually looks out for the interests of American businesses and workers..." (Source: The White House)
1:07

#WATCH | Washington, DC: Press Secretary Karoline Leavitt says, "...Look at India, 150 per cent tariff on American alcohol. Do you think that's helping Kentucky Bourbon be exported to India? I don't think so. 100 per cent tariff on agricultural products from India...President Trump believes in reciprocity and it is about dang time that we have a president who actually looks out for the interests of American businesses and workers..." (Source: The White House)

ANI

539,930 görüntüleme • 1 yıl önce

I’ve just announced our nine Government Targets to be delivered by 2030. 1. Shorter stays in emergency departments: 95 per cent of patients to be admitted, discharged, or transferred from an emergency department within six hours. 2. Shorter wait times for (elective) treatment: 95 per cent of people wait less than four months for elective treatment. 3. Reduced child and youth offending: 15 per cent reduction in the total number of children and young people with serious and persistent offending behaviour. 4. Reduced violent crime: 20,000 fewer people who are victims of an assault, robbery, or sexual assault. 5. Fewer people on the Jobseeker Support Benefit: 50,000 fewer people on Jobseeker Support Benefit. 6. Increased student attendance: 80 per cent of students are present for more than 90 per cent of the term. 7. More students at expected curriculum levels: 80 per cent of Year 8 students at or above the expected curriculum level for their age in reading, writing and maths by December 2030. 8. Fewer people in emergency housing: 75 per cent reduction of households in emergency housing. 9. Reduced net greenhouse gas emissions: On track to meet New Zealand’s 2050 net zero climate change targets, with total net emissions of no more than 290 megatonnes from 2022 to 2025 and 305 megatonnes from 2026 to 2030.
0:35

I’ve just announced our nine Government Targets to be delivered by 2030. 1. Shorter stays in emergency departments: 95 per cent of patients to be admitted, discharged, or transferred from an emergency department within six hours. 2. Shorter wait times for (elective) treatment: 95 per cent of people wait less than four months for elective treatment. 3. Reduced child and youth offending: 15 per cent reduction in the total number of children and young people with serious and persistent offending behaviour. 4. Reduced violent crime: 20,000 fewer people who are victims of an assault, robbery, or sexual assault. 5. Fewer people on the Jobseeker Support Benefit: 50,000 fewer people on Jobseeker Support Benefit. 6. Increased student attendance: 80 per cent of students are present for more than 90 per cent of the term. 7. More students at expected curriculum levels: 80 per cent of Year 8 students at or above the expected curriculum level for their age in reading, writing and maths by December 2030. 8. Fewer people in emergency housing: 75 per cent reduction of households in emergency housing. 9. Reduced net greenhouse gas emissions: On track to meet New Zealand’s 2050 net zero climate change targets, with total net emissions of no more than 290 megatonnes from 2022 to 2025 and 305 megatonnes from 2026 to 2030.

Christopher Luxon

43,348 görüntüleme • 2 yıl önce

#WATCH | Washington DC, US | "We have actually seen a steady change in the pattern of dependence on certain weapon suppliers. Historically, yes, we were major suppliers of Russian equipment. We still need a lot of Russian spare parts, and so on. But it's come down a lot from the peak. The comparison I would give you is Pakistan, where 81 per cent of their weapon systems and imports are from China. We don't have that kind of dependence. We've diversified. We have American weaponry, and we are very much in the market for more. Whatever the Americans are prepared to discuss with us to sell us, we certainly hope we'll move forward...," says Congress MP Shashi Tharoor, demolishing the agenda that India is overly dependent on one country for its armaments needs.
4:33

#WATCH | Washington DC, US | "We have actually seen a steady change in the pattern of dependence on certain weapon suppliers. Historically, yes, we were major suppliers of Russian equipment. We still need a lot of Russian spare parts, and so on. But it's come down a lot from the peak. The comparison I would give you is Pakistan, where 81 per cent of their weapon systems and imports are from China. We don't have that kind of dependence. We've diversified. We have American weaponry, and we are very much in the market for more. Whatever the Americans are prepared to discuss with us to sell us, we certainly hope we'll move forward...," says Congress MP Shashi Tharoor, demolishing the agenda that India is overly dependent on one country for its armaments needs.

ANI

37,736 görüntüleme • 1 yıl önce

🚨 President Trump’s Tariffs Broke China How can China respond to President Trump’s tariffs? —— Bissent says he don’t think China can. “The Chinese manufacturing system is like that old Disney movie, with the brooms carrying the buckets. That’s their business model… When you look at history, we (US) are the debtor nation, we have the trade deficits. The surplus nation (China) is in the weaker position” • The Dream scenario between the US and China is that China consumes more and manufactures less, while the US consumes less and manufactures more. “President Trump has broken their business model with their tariffs.” • Another way to think about it is this… —— if you take a small loan and can’t repay it, the bank can repossess whatever they want. —— However, if you take a big enough loan (US), you’re kind of in charge of the bank (China). “China has such a big deficit with us, they can’t survive without us.”
3:29

🚨 President Trump’s Tariffs Broke China How can China respond to President Trump’s tariffs? —— Bissent says he don’t think China can. “The Chinese manufacturing system is like that old Disney movie, with the brooms carrying the buckets. That’s their business model… When you look at history, we (US) are the debtor nation, we have the trade deficits. The surplus nation (China) is in the weaker position” • The Dream scenario between the US and China is that China consumes more and manufactures less, while the US consumes less and manufactures more. “President Trump has broken their business model with their tariffs.” • Another way to think about it is this… —— if you take a small loan and can’t repay it, the bank can repossess whatever they want. —— However, if you take a big enough loan (US), you’re kind of in charge of the bank (China). “China has such a big deficit with us, they can’t survive without us.”

MJTruthUltra

2,547,279 görüntüleme • 1 yıl önce

Jeff Bezos: I think most of the world recognize that we should go to the Moon first. We'll go to Mars and we'll do all the other things. But the Moon is the first best step and there are many reasons for that. But it's kind of a gift. It's so near Earth. We can get there in three and a half days. We can return in three and a half days. You can go anytime you want. You don't have to wait for the planetary alignment to be just right. And you can only go to Mars every two years or so. And so there are a lot of advantages to the Moon. The Moon’s gravity well is much lower than Earth’s, so when you get materials from the Moon, you can lift them off the Moon using about 28 times less energy per kilogram than is needed to lift something off Earth.
0:54

Jeff Bezos: I think most of the world recognize that we should go to the Moon first. We'll go to Mars and we'll do all the other things. But the Moon is the first best step and there are many reasons for that. But it's kind of a gift. It's so near Earth. We can get there in three and a half days. We can return in three and a half days. You can go anytime you want. You don't have to wait for the planetary alignment to be just right. And you can only go to Mars every two years or so. And so there are a lot of advantages to the Moon. The Moon’s gravity well is much lower than Earth’s, so when you get materials from the Moon, you can lift them off the Moon using about 28 times less energy per kilogram than is needed to lift something off Earth.

Clash Report

22,850 görüntüleme • 1 ay önce

🚨NEW: Peter Thiel with Joe Lonsdale on tariffs, trade policy, and China. "You need a very drastic reset with China. In theory, you need to reset with other people, but what we really need to get them to do is also reset things with China." Full episode drops next week! JOE: We've been talking about China on and off for over 20 years, and their imbalances. This week the President declared trade war on them, effectively, with 125% tariffs as of now; it'll probably change in the next few days. What do you think of the trade and tariff policy? What's gonna happen? Bond yields sold off more than I expected. The yields went higher than I expected so far. What's going on? PETER: I'm hesitant to comment since obviously it's a very, very fluid situation, but something like the sort of reset that they're talking about now seems where we're going, where you need a very drastic reset with China. In theory you need to reset with other people, but what we really need to get them to do is also reset things with China. I think the rough numbers are that about a quarter of the US trade deficit is bilaterally with China, but another quarter is indirectly with China. So China is sort of half the problem... And then China is the geopolitical rival. So there's a way in which people in Mercedes in Germany are selling cars to the US. We might want to have those pretty well paying jobs in the US and, and not in Germany. And there are all kinds of sort of mercantilist policies that at the margins Germany engages in. But, you know, it's probably not gonna repurpose the Mercedes factory to build tanks to invade the US or something like this. Whereas this sort of dual use problem is the problem with China. ...There are ways the economic relationship with China is fairly efficient.... if people are working for a dollar and a half an hour in a Foxconn factory, we don't really want to get those jobs in Wisconsin. But it is this geopolitical rivalry where... you have to somehow factor in that the economists never are able to factor in properly with China. I'm not sure I would call this the optimistic plan, but the reset in trade that seems desirable to me would be that we radically changed the relationship with China and we sort of induce a lot of other countries to radically change their relationship with China. And that's how we, you know, maybe that's how we build a stronger western alliance of the free world. JOE: Well there's going to be some interesting negotiations in the next few months. Did you think that we could bring, maybe using AI, some more advanced manufacturing here that was in China? Is that a real thing the next decade to do a bunch more here, thanks to our more efficiencies and productivity? PETER: There's probably always a decent amount of things like that. You have to always be extremely granular on how expensive the robots are, how expensive the equipment is, because in some sense, manufacturing has been getting steadily more automated for 250 years. And you've had the machines that make the machines. The machines that make the machines are getting sort of smarter and more complicated. And there are ways in which AI is a quantum leap. There's a way in which it's just, you know, a natural continuation of this, you know, two century long process. I think there are some parts that can be moved to the US with AI. Maybe also if you change some of the environmental rules and some of the other anti-industrial policies we have in the US. But then if parts of this are moved to other emerging market countries. Vietnam is a communist country. It has bad mercantilist policies, but it's not planning to take over the world. And so at the margins, if we can move things from China to Vietnam, that's a big win.
4:10

🚨NEW: Peter Thiel with Joe Lonsdale on tariffs, trade policy, and China. "You need a very drastic reset with China. In theory, you need to reset with other people, but what we really need to get them to do is also reset things with China." Full episode drops next week! JOE: We've been talking about China on and off for over 20 years, and their imbalances. This week the President declared trade war on them, effectively, with 125% tariffs as of now; it'll probably change in the next few days. What do you think of the trade and tariff policy? What's gonna happen? Bond yields sold off more than I expected. The yields went higher than I expected so far. What's going on? PETER: I'm hesitant to comment since obviously it's a very, very fluid situation, but something like the sort of reset that they're talking about now seems where we're going, where you need a very drastic reset with China. In theory you need to reset with other people, but what we really need to get them to do is also reset things with China. I think the rough numbers are that about a quarter of the US trade deficit is bilaterally with China, but another quarter is indirectly with China. So China is sort of half the problem... And then China is the geopolitical rival. So there's a way in which people in Mercedes in Germany are selling cars to the US. We might want to have those pretty well paying jobs in the US and, and not in Germany. And there are all kinds of sort of mercantilist policies that at the margins Germany engages in. But, you know, it's probably not gonna repurpose the Mercedes factory to build tanks to invade the US or something like this. Whereas this sort of dual use problem is the problem with China. ...There are ways the economic relationship with China is fairly efficient.... if people are working for a dollar and a half an hour in a Foxconn factory, we don't really want to get those jobs in Wisconsin. But it is this geopolitical rivalry where... you have to somehow factor in that the economists never are able to factor in properly with China. I'm not sure I would call this the optimistic plan, but the reset in trade that seems desirable to me would be that we radically changed the relationship with China and we sort of induce a lot of other countries to radically change their relationship with China. And that's how we, you know, maybe that's how we build a stronger western alliance of the free world. JOE: Well there's going to be some interesting negotiations in the next few months. Did you think that we could bring, maybe using AI, some more advanced manufacturing here that was in China? Is that a real thing the next decade to do a bunch more here, thanks to our more efficiencies and productivity? PETER: There's probably always a decent amount of things like that. You have to always be extremely granular on how expensive the robots are, how expensive the equipment is, because in some sense, manufacturing has been getting steadily more automated for 250 years. And you've had the machines that make the machines. The machines that make the machines are getting sort of smarter and more complicated. And there are ways in which AI is a quantum leap. There's a way in which it's just, you know, a natural continuation of this, you know, two century long process. I think there are some parts that can be moved to the US with AI. Maybe also if you change some of the environmental rules and some of the other anti-industrial policies we have in the US. But then if parts of this are moved to other emerging market countries. Vietnam is a communist country. It has bad mercantilist policies, but it's not planning to take over the world. And so at the margins, if we can move things from China to Vietnam, that's a big win.

American Optimist

316,973 görüntüleme • 1 yıl önce

Trump says "you have to respect" the socialist system of China: "It's amazing that with a system that in theory shouldn't work. We go to the best business schools and we read about free entrepreneurship but you look at China, how well they do, how well they manufacture."
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Trump says "you have to respect" the socialist system of China: "It's amazing that with a system that in theory shouldn't work. We go to the best business schools and we read about free entrepreneurship but you look at China, how well they do, how well they manufacture."

The American Conservative

13,981 görüntüleme • 4 ay önce