The MeidasTouch Podcast Trump Loses Control in AM After Terrible News
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Jun 11, 2025 Donald Trump experiences a public meltdown after receiving troubling news. The hosts dissect his misleading statements on tariffs and trade, highlighting their negative effects on American consumers. Economic insights reveal risks tied to Trump's policies, while unusual security measures at events spark discussion. The podcast also critiques the chaotic political landscape, including dramatic military parade plans and the media's portrayal of political figures. It’s a lively exploration of a tense moment in US politics.
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Trump's China Deal Reality Check
- Donald Trump claims victory for deals that restore pre-trade war status quo with China.
- His tariffs impose higher costs on American consumers than on China, damaging US interests.
Inflation Data Under Scrutiny
- Inflation data might underestimate real inflation due to Labor Department survey issues.
- Economists expect a clearer inflation impact from tariffs by summer months.
Howard Lutnick's Empty Trade Promises
- Commerce Secretary Howard Lutnick boasted about many trade deals but delivered nothing in 90 days.
- He acknowledged focus on China trade talks stalled other deal progress, showing unfulfilled promises.