The Ben Shapiro Show
Ep. 2178 - SHOWDOWN: Trump Stares Down China
Apr 11, 2025
Mike Gallagher, former U.S. Representative and head of defense at Palantir, joins to dissect the economic strain caused by Trump's high tariffs on China. They explore the shaky U.S. stock market and its implications for American industry. Gallagher emphasizes strategic military spending and reshoring as crucial for national security amidst rising China tensions. They also dive into the complexities of the U.S.-China trade war, touching on rare earth minerals and potential geopolitical flashpoints like Taiwan.
58:30
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Quick takeaways
- The stock market's recent decline highlights investor anxiety surrounding President Trump's tariff policies and their potential economic impacts.
- Strategic alliances with countries like Vietnam and Japan are essential for the U.S. to effectively counter China's expanding influence.
Deep dives
Market Reactions to Tariffs
The sudden fluctuation in the stock market can be attributed to the confusion surrounding President Trump's tariffs on China. Initially, there was a sharp increase in the Dow Jones Industrial Average, soaring almost 3,000 points due to the avoidance of potentially catastrophic tariffs. However, this was followed by a significant sell-off as investors grappled with the implications of a revised tariff policy, including a steep increase on Chinese goods to 145%. Consequently, the uncertainty surrounding the U.S. economic outlook led to a decline in U.S. stocks, highlighting the market's sensitivity to geopolitical developments.
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