After Donald Trump imposed 145% tariffs on China, he was forced to issue exemptions for Chinese made cellphones, computers, semiconductors, and other electronics, because the deindustrialized US can't make them. Trump's huge trade war immediately failed, demonstrating that China is much stronger economically than the USA thinks. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=w6t1oQ5G668
Topics
0:00 Trump's trade war
0:45 Exemptions for Chinese electronics
1:56 China's trade with USA
2:27 Myth of US reindustrialization
3:26 Goals of tariffs
4:40 Lack of industrial policy
5:49 Trump's tariff exceptions
9:14 Trump begs Xi Jinping to call him
9:56 (CLIP) Howard Lutnick on China
10:12 China and Vietnam boost ties
11:28 China's economic strength
13:51 Airliners
16:05 Semiconductors
19:15 AI
20:47 China's technological development
22:43 Backfiring on US economy
23:43 Luxury goods
25:09 China's exports
27:13 China holds more cards than USA
29:22 US Treasury securities (bonds)
30:35 US unipolarity is over
31:20 Multipolarity
32:24 Outro
