The Rest Is Politics: US 78. Superpower Divorce: America vs China
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Apr 11, 2025 The hosts dive into the complexities of U.S.-China trade relations, examining tariffs and their implications. They humorously dissect Trump's trade strategies and the divided opinions among American business leaders. The discussion highlights America's service surplus versus manufacturing focus, while also exploring the challenges of rising interest rates and national debt. Insights into the bond market dynamics and international responses to U.S. policies round out a compelling look at the shifting economic landscape.
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No Allies in Trade War
- Trump's trade war has left the US with no allies, as other countries must protect their own interests.
- China halted US LNG imports, making a deal with Australia instead, impacting the US economy.
China-Australia LNG Deal
- China stopped importing US liquid natural gas and made a deal with Australia.
- The US now has excess gas and may need to sell it to Europe at a discount.
Cabinet Flattery
- Katty Kay recounts an example of excessive flattery in Trump's cabinet meetings.
- A meme compares the cleaning of a statue's posterior to the behavior of cabinet members.
