Geopolitical Economy Report Trump's nuclear trade war targets China - but will blow back on USA
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Apr 12, 2025 The podcast dives into the explosive impact of Trump's 145% tariffs on China, revealing how these trade tactics may be backfiring on the U.S. economy. It discusses the consequences of economic decoupling and China's pushback against U.S. dominance. Experts analyze the volatility in the bond market, rising Treasury yields, and the widening economic divide between billionaires and the working class. The conversation also touches on the aggressive U.S. foreign policy and the potential for a new cold war.
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Extreme Tariffs
- Trump imposed 145% tariffs on China, adding to existing 20% tariffs.
- This aggressive move is largely symbolic, as tariffs above 50% severely restrict trade.
Decoupling Goal
- Trump's aim is economic decoupling from China, a risky move given US reliance on Chinese imports.
- This agenda, supported by think tanks and billionaires, could backfire.
Lutnick's Miscalculation
- Howard Lutnick, on Fox News, wrongly asserted that China is more reliant on the US than vice-versa.
- He believes the US can win this trade war, underestimating China's resilience.
