Timcast IRL Trump Hits China With 125% Tariff, Pauses Others, Sees LARGEST Market Rally IN HISTORY w/ Kory Yeshua
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Apr 10, 2025 Kory Yeshua, a musician and content creator with an album titled 'Let There Be Light', joins the conversation to delve into Trump's controversial 125% tariff on China and its unexpected effects on the stock market. They explore the implications for U.S.-China relations, the complexities of tariffs on local economies, and the recent spike in violent crime in Albuquerque, prompting National Guard intervention. Amid these discussions, they also tackle the Carmelo Anthony incident, raising questions about self-defense and community reactions.
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Market Rally
- Trump's tariff strategy led to the largest point rally in stock market history.
- He used escalating tariffs, then decreased them to 10%, causing a market surge.
Trade Deficit with China
- China's trade practices exploit the US through a trade deficit, forcing the US into debt.
- The US sells assets like land to China to cover the deficit, impacting housing affordability.
Trump's Tariff Plan
- Trump's tariff strategy was a multi-layered plan, not a simple reaction to market forces.
- Blanket tariffs, followed by a reduction, allowed him to achieve a 10% universal tariff.