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
Convincing Fishermen to Save Sharks | Nat Geo Live
( Intro music ) Four years ago, I was standing in front of a group of local fishermen on a tiny island called Mitiaro in the Cook Islands. And I was there to tell them why they needed to protect sharks. Except there was one problem. They hated sharks. Sh…
Hedonism: The Pursuit of Happiness
In 2012, Drake made a song titled “The Motto,” but what most people remember from it is “YOLO.” YOLO tells you to live in the moment, enjoy life you have today, and not worry too much about tomorrow, because at the end of the day, you only live once. Whil…
How These Women Are Saving Black Mothers' Lives | National Geographic
My name is Brianna Green. I’m a perinatal community health worker. Every day is heavy, and it is life and death. The issue at hand with maternal mortality is primarily the disparity that exists between Black women and White women in this country, and part…
Paul Buchheit: What traits do startups need to succeed?
I think like focus is one of the most important things because like as a start-up, it’s actually I think your most powerful weapon. Right? Like the reason that you’re able to take on like these big companies or areas is because they’re doing a thousand di…
Bill Ackman Asks Warren Buffett and Charlie Munger How To Analyze Financial Statements
Thank you Bill Ackman from New York New York for the handful. Triple-A rated companies AIG, Fannie Mae, Freddie Mac, and MBIA are under formal investigation for accounting shenanigans and are in the process of restating their financials. Like Charlie said…
Why Don't We All Have Cancer?
Hey, Vsauce. Michael here. Since this video began, more than a million of your cells have died. It’s natural, don’t worry. But you are literally covered with death. Dead stuff. Fingernails, your hair, the outermost layer of your skin - all made out of dea…