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
Adding 1 vs. adding 10 | Addition and subtraction | 1st grade | Khan Academy
So pause this video and real quick figure out what 27 plus 1 is, and then if possible, figure out what 27 plus 10 is. All right, so a lot of, let’s think about it together. You might have been able to do this one pretty easily. You might have said, okay,…
The Dark Reality Behind India’s Festival Elephants | Podcast | Overheard at National Geographic
Foreign [Music] This is the sound of a festival in India called Trisha Pura. Thousands of people attend this annual festival, including dozens of musicians. But the highlight of the celebration, standing out over the crowds, are the elephants. They’re cov…
HOW TO BUILD VALUE AS AN INVESTOR | Dennis Miller
She believed in getting paid to wait. She would never own anything that didn’t send a check to her each month or each quarter, and she would live off those distributions. But if it didn’t pay you money, she didn’t get it; she didn’t consider it an investm…
Safari Live - Day 59 | National Geographic
Well, sorry about that guys. We unfortunately lost our internet signal, so we are back up and running now. Gremlins are gone, everything is all good. The sun is coming out and there’s wonderful things of foot’s shadow and cover. So, messing around with a…
1998 Berkshire Hathaway Annual Meeting (Full Version)
[Applause] Morning! [Applause] Good morning, I’m Warren Buffett, chairman of Berkshire, and this is my partner. This hyperactivity fellow over here is Charlie Munger. We’ll do this as we’ve done in the past, following the Saddam Hussein School of Manageme…
Watch: What It’s Like to Read Lips | Short Film Showcase
So, when I was really young, probably kindergarten or first grade, I have a much older brother, and we’d go out to recess. There was this older guy; he might have been in like fifth or sixth grade. They’d always used to pick on us, and I didn’t really kno…