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U.S. and China extend trade truce

Aug 12, 2025
The U.S. and China have extended their trade truce, putting aggressive tariffs on hold for now. Insights from a factory owner reveal how these shifting dynamics affect production and smaller businesses. Meanwhile, U.S. cities are grappling with trash collection strikes, leading to overflowing garbage and community concerns. This episode also highlights the geopolitical control over rare earth minerals and the impacts of labor unrest on local economies.
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INSIGHT

China's Production And Resource Grip

  • China supplies roughly 70% of US toys and dominates rare earth minerals.
  • That gives China leverage while the US seeks advanced computer chips access.
INSIGHT

90-Day Trade Truce

  • The US and China extended a 90-day trade truce to pause tariff hikes.
  • The delay buys negotiation time but keeps uncertainty for manufacturers.
ANECDOTE

Factory Chaos From Uncertainty

  • Tariff uncertainty stops factories from planning hires and material orders.
  • Laura Bicker described a sofa maker whose product even sits in Elon Musk's living room.
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