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
Acid Rain| Atmospheric Pollution| AP Environmental science| Khan Academy
[Narrator] Acid rain sounds like something straight out of a sci-fi film, like strange raindrops that fall in a city and corrode everything. The truth is not far off, but the good news is that we know a lot about what causes acid rain and how to address i…
The Great Turning Point for the U.S. Economy Has Arrived (Howard Marks Explains)
If it’s the change I think it is, then what you should have in your portfolio going forward can be very different from what it has been. That there is Howard Marks, co-founder of Oak Tree Capital Management and one of the few super investors that I person…
Uncle Tom's Cabin part 1
[Voiceover] Hey, Becca. [Voiceover] Hi, Kim. [Voiceover] Alright, so we’re here to talk about Uncle Tom’s Cabin, and I think this is such an interesting book because when Abraham Lincoln met Harriet Beecher Stowe, he said to her, “So you’re the little l…
Knowledge Makes the Existence of Resources Infinite
Knowledge is the thing that makes the existence of resources infinite. The creation of knowledge is unbounded. We’re just going to keep on creating more knowledge and thereby learning about more and different resources. There’s this wonderful parable of …
Examples identifying Type I and Type II errors | AP Statistics | Khan Academy
We are told a large nationwide poll recently showed an unemployment rate of nine percent in the United States. The mayor of a local town wonders if this national result holds true for her town. So, she plans on taking a sample of her residents to see if t…
Finding the Titanic | Bob Ballard: An Explorer’s Life
The Titanic was really a cover for a highly classified military operation to investigate two nuclear submarines that we lost during the Cold War with all hands: the USS Thresher and the USS Scorpio. They ironically turned out to be on either side of where…