Everything You Need to Know About Trump’s Trade Deal with China
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So we were told that there was a China trade deal. Really? Really? Can you explain this deal to me? Because we’re right back where we were before the whole escalation in 145 % tariffs kicked into play. That’s where we’re at. Nothing’s really changed. Today, the president came out and threatened further
tariffs against other countries, basically asking everybody for a letter to where they’re going to be. You had various different people from the administration jumping up and down talking about the CPI and the inflation numbers from yesterday, which are muted. there’s no inflation out there. Okay. Wait, wait, wait to see what’s going to happen. They’re going to slowly but surely price in all these
tariffs into your goods. It’s not a matter of if, it’s a matter of when. Again, I explain this to how people operate. Companies are not stupid. They’re not. They’re getting threats from the president about raising prices, getting threats. I explain they hold frog in boiling water, do it slowly. And that’s exactly how they’re gonna do it. And you can’t blame them, okay?
You can’t blame them. Their costs are going up. They’re going to pass them on to you. A tariff is a tax. Now I had the Secretary of Treasury, Scott Besson, yesterday saying he was calling it a tariff derangement syndrome. said Democrats are not happy that inflation hasn’t kicked up and whatnot and everything’s great when it comes to these tariffs people. Okay. Wait and see. Again, I got to get a shirt that says, don’t doubt me because again, I see things.
how they’re going to be and how they’re going to transpire and what they’re going to happen. It’s it is what it is. Okay. Your prices are going to go up. There wasn’t really any sort of a China trade deal. Okay. They basically agreed to back off China, put a little caveat in there when it came to it’s various different rare earth minerals and they’re going to wait and see a six month type of the situation where they can backtrack on it. All of sudden, Chinese students can come back here to the United States. Marco Rubio took that off and we’re back.
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where we started, kind of. Let me take a good hard look at the dollar. We’re going to talk about that again at multi-year lows and basically falling at this point in time. Do you don’t think that that is going to raise your costs? When we are a country, then again, we import a lot here into the United States. Dollar drops, guess what?
those items again become more expensive. I don’t know, maybe this is Trump’s way, maybe this is the Republicans way of raising people’s taxes without telling them they’re raising your taxes. That might be their modus operandi. I haven’t heard that because that’s the only thing that I can see that makes sense.
out of this, you’ve got a dollar falling off a cliff, you’ve got tariffs coming into play. Again, they want to print more money, that’s inflationary. But again, maybe these tariffs will add that much in revenue to keep our overall budget in check. I don’t think so. But that’s the only thing I can think of at this point in time. I can’t because the whole thing doesn’t make any sense whatsoever. And again,
looking out for you. You’re the American people. You’re the consumer. You’re going to see your prices go up. Again, don’t think CPI number. Oh, this is muted. This is fantastic. You know, no inflation out there at all. Right. I mean, you pay your bills. You know how much you’re paying. You know your prices are continuing to go up. Nothing has come down. OK, it’s like this and it keeps going like this. Yet then they get on and they tell you everything is awesome.
I got a kick out of that. If you had to get a chance to see it from, it was out years ago, the Lego movie. I remember taking the kids to go see it and that song at the beginning, everything is awesome. Everything is awesome. And that’s what we’re supposed to say. Again, you know better. Watchdoginwallstreet.com.
