The David Pakman Show 2/4/25: Trump tricked by Mexico and Canada, migrants released back into US
Feb 4, 2025
Donald Trump is caught in a web of international trade tricks, halting tariffs on Mexico and Canada due to empty promises. Meanwhile, China strikes back with tariffs of its own, putting U.S. businesses at risk. The contradictions in Trump's economic policies emerge, from a proposed sovereign wealth fund to bizarre claims in the Oval Office. In immigration news, trapped migrants are being released back into the U.S., highlighting the ongoing chaos within the system. Active discussions on these pressing issues challenge the narratives surrounding American politics.
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Trump's Tariff Playbook
- Trump created a crisis by imposing tariffs on Mexico.
- He then backed off and claimed victory after Mexico made concessions that were already in place.
Trump Played by Canada
- Trump paused tariffs on Canada after Trudeau reiterated existing border security measures.
- Trump presented this as a new agreement and a win.
China's Retaliation
- China's retaliatory tariffs target US energy industries like LNG, coal, and oil.
- These tariffs will hurt American energy companies and potentially lead to job losses.