yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How To Win The Economic War Against China


2m read
·Nov 7, 2024

Let's talk about the real tariff war. It's between the United States and China. This is an economic war going on. They do not play by the rules; they steal American companies' IP. We can't use their court systems. They litigate us with our American courts, and a good example of that is what's going on right now with TikTok, where we have a law that says it's Chinese spyware. The American people have decided to shut it down on January 19th, and the supreme leader of China is using our courts to sue us to stop that. I can't do that in China.

So, what he's talking about when Trump talks about tariffs is, can we use them to change behavior? Let me give you an example: if you increase tariffs on China by 400%, which I want to do, you won't buy any more yoga mats from there. You'll buy them from Vietnam or India or somewhere else, or maybe you make the yoga mats in the United States. I want to go to Defcon five on China, 'cause I actually live in the real world. I'm not listening to a professor at some university; I actually do business there, and I'm getting screwed.

So, I would love to really push back and blow their eyeballs out until they come to the table. I like tariffs against China. I'm not a big fan of tariffs everywhere, but he talked about John Deere in Mexico moving them back to the U.S. They changed their behavior. You use tariffs as tactical warheads, and right now we should be using that as a blowtorch on China to squeeze them to make a fair playing field with us. While we're the largest economy, let's do it.

Let's squeeze them! 400% tariffs! A lot of people think I'm crazy with this. No, I'm not! They will be at the table in 48 hours with a 400% tariff because their economy is weak. Let's hit them when they're down. Let's do it now!

More Articles

View All
Bill Ackman on Short Selling
You I would be remiss if we spent this time together and we didn’t talk a little about Herbalife. Herbalife, for those of you who don’t know, and Bill’s gonna explain more, is a Direct Selling scheme. The day I came to see you in New York, you were about …
15 Things That Keep You Broke & Tired (Gen-Z/Millennial Edition)
Every generation is raised by one that’s already outdated. Gen Z and Millennials are dealing with different challenges than any other previous generation, and this is causing massive spikes in anxiety and stress. So let’s break it all down, shall we? Here…
Elon Musk: The recession is here, you just don't know it yet
But I think we probably are that are in a recession and that that recession will get worse. So there’s a lot of concern about the health of the U.S. economy right now. Many economists are predicting the country will soon slip into a recession. No disrespe…
How I Helped My 6th Graders Ace Math... By Taking Them Back to Kindergarten! | Mastery Learning
Hey everyone, this is Jeremy Shifling at Khan Academy. I just want to thank you for taking time out of your super busy weeks to spend time on today’s session, and I want to give a super special thanks to Tim Vandenberg, who’s been gracious enough to share…
Face-to-Face with a Bear - Meet the Expert | National Geographic
Welcome! It is so lovely to see you all here today. I’m your host, Lizzy Daly, and I am thrilled to be bringing you all on an epic journey to meet some of the world’s best scientists, wildlife experts, and National Geographic explorers from around the wor…
7 TRICKS: How To Save A TON Of Money When Renting A Home
What’s of you guys? It’s Graham here. So, I don’t think this topic has really been covered much before on YouTube. We’ve all been focused on buying properties, investing in them, and then renting them out to tenants as a landlord. But what if, just hear m…