Trump pauses the trade war with China Chapters:
0:00 Trump announces new trade deal
1:15 What’s in the new deal?
2:20 Bessent on fentanyl
4:00 Should Trump get credit?
6:30 Impact on China
10:00 Cenk makes a prediction
11:30 Will prices still go up?
The Trump administration said the Chinese are now negotiating in good faith in the midst of President Trump’s trade war.
Now Trump pauses the trade war with China for 90 days while they are negotiating. It’ll be interesting to see if the end result is better than where we were before Trump took office or if this is another case of him causing a problem, then taking credit for “solving it.”
“U.S. stocks surged, with the tech-heavy Nasdaq Composite entering a new bull market, after the U.S. and China agreed to slash punishingly high tariffs on each other’s goods.
The decision by the world’s two largest economies represents a major thaw in trade relations that resets the tone between the countries from outright conflict to constructive engagement.”