The Rundown Deep Dive: Why Trump is Waging an All-Out Trade War Against China
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Apr 13, 2025 The podcast dives into the explosive trade war between the U.S. and China, where tariffs have skyrocketed to 145%. It explores the historical implications of China's WTO entry and how this has led to economic chaos. The discussion highlights concerns over unfair trade practices, especially intellectual property theft. Comparisons are drawn to past economic events, exposing the risks of nationalism and protectionism. Finally, the impact on U.S. Treasury markets is examined, revealing how these changes stir uncertainty for American households and businesses.
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China's Economic Rise
- Trump blames China's 2000 WTO entry for US manufacturing decline, calling them an "economic enemy."
- Some economists argue internal Chinese reforms, not just WTO entry, fueled their export boom.
China's Internal Reforms
- China's rapid growth resulted from exceeding WTO requirements, slashing domestic tariffs, and scaling production.
- This led to a massive increase in exports and a trade imbalance with the US.
Trade Deficit and Unfair Practices
- The US trade deficit with China exists because the US imports cheap goods and focuses on high-margin services.
- Trump and critics cite unfair trade practices, IP theft, and market access restrictions as the core issues with China.