The Rest Is Money 170. Will Trump’s Deal With China Stick?
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May 12, 2025 The unpredictable dance between Trump and China takes center stage, as recent deals raise questions about the future of tariffs. Is the dollar's reliability on the line? The hosts dive into the shocking disparity in drug prices, debating Trump's proposed changes and their impact on healthcare. Meanwhile, Qatar’s lavish gift of a Boeing 747 to Trump sparks discussions about political favors and foreign influence. Plus, enjoy some light-hearted banter about past collaborations, keeping the tone entertaining while tackling serious topics.
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Trump's Tariff War De-escalates
- Trump's tariff war with China peaked at 145%, nearly an embargo. - The recent reduction to around 30% tariffs signals a partial de-escalation but maintains significant trade barriers.
Wealthy Fear Trump's Power
- American business leaders fear Trump and risk severe repercussions. - Some billionaires comply out of fear of prosecution rather than genuine support.
Tariffs Could Cause Supply Glut
- Tariff-related supply chain delays may cause short-term product shortages in the US. - A shipping glut could follow a rush to stockpile goods before tariff deadlines.