Unhedged Will China back down?
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Apr 15, 2025 High tariffs on Chinese imports have initiated a complex trade war that could impact both the U.S. and China significantly. The discussion dives into how these tariffs affect American businesses and consumers, highlighting the challenges of reviving domestic manufacturing. China's political resilience is examined, revealing its leverage in negotiations despite U.S. assumptions. The hosts also tackle trade deficits and their implications for global finance, all while mixing in humorous commentary and metaphorical fun throughout.
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Trade War Focus
- The US-China trade war centers on escalating tariffs imposed by the Trump administration.
- These tariffs heavily target Chinese goods, aiming to revive US manufacturing.
Trump's Tariff Obsession
- Trump's obsession with tariffs, especially towards China, is long-standing, dating back to the 1980s.
- This has been fueled by accusations of China's unfair trade practices and disregard for WTO rules since 2001.
2018 Tariffs
- In 2018, Trump imposed initial tariffs on specific Chinese imports and steel/aluminum, testing the waters for future actions.
- The current administration's stance on tariffs, particularly regarding China, was anticipated.