The Wright Report 13 MAY 2025: Trump Rolls Back China Tariffs; China Dunks on Trump for Doing It // Arab Planes and Stupid People // US Drug Companies Rejoice // Global News: China, India and Pakistan, Iran, Ukraine, and Romania
May 13, 2025
Trump's rollback of China tariffs raises eyebrows, boosting markets but hurting certain industries. He defends accepting a luxury jet from Qatar despite criticism over potential security risks. The pharma industry celebrates a new drug pricing order, but many see it as lacking real impact. Global concerns emerge with reports of genetic surveillance in China and backlash over refugee acceptance in the U.S. Meanwhile, peace talks between India and Pakistan signal a fragile hope amidst rising geopolitical tensions.
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Trump Ends China Economic Revolution
- President Trump rolled back tariffs on China, ending the economic revolution he had promised.
- He declared no decoupling from China despite serious national security and economic concerns.
Tariff Rollback Winners and Losers
- Tariff rollback benefits stockholders and U.S. businesses relying on Chinese supply chains.
- Rare earth mining companies lose protection as China lowers prices and regains dominance.
No Decoupling from China
- Trump administration's stance against decoupling from China replicates past administrations.
- This decision undermines hopes for protecting the U.S. from Chinese threats and toxic influence.