Donald Trump's trade war went nuclear, hitting China with 145% tariffs, aimed at economic decoupling. This is already backfiring on the US economy, which is heavily reliant on Chinese imports. The volatility also fueled a crisis in the bond market, with Treasury yields rising. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=u9k7132Iyeo
Trump advisor reveals tariff strategy - Force countries to pay tribute to maintain US empire: https://www.youtube.com/watch?v=VnajhDMAWVA
Topics
0:00 Economic war
0:51 Tariffs of 145% on China
1:56 China defends itself
2:41 Decoupling
3:49 (CLIP) Howard Lutnick attacks China
4:14 Scott Bessent on China
4:48 US trade with China
7:05 USA will lose trade war
8:02 China's manufacturing dominance
9:47 China's trade
10:33 High risk
11:35 Trump's arrogance
12:06 (CLIP) Trump: countries are "kissing my ass"
12:18 Mafia behavior
13:02 US empire demands tribute
13:35 (CLIP) Stephen Miran: US demands tribute
13:59 Threatening the world
15:55 China stands up
16:34 Trump admin's China hawks
17:47 (CLIP) Marco Rubio on new cold war
18:30 Biden admin targeted China too
20:01 US bond market shock
21:39 Treasury note yields
25:01 Interest payments on US national debt
26:05 Hedge fund margin calls
28:35 Trump's billionaires
28:53 Elon Musk
29:42 Bill Ackman
29:59 Jamie Dimon
30:35 Market manipulation?
32:21 Trump meme coins
32:58 Outro
