Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political economist Ben Norton explains how Trump's tariffs have hurt American workers, especially farmers, while China advances as a new technological and manufacturing superpower.
VIDEO: https://www.youtube.com/watch?v=MWrdxBODSUE
Topics
0:00 Trump's meeting with Xi Jinping
1:07 China successfully defends itself
2:58 China is a new "economic superpower"
4:04 This is a one-year "tactical detente"
4:47 Details of Trump-Xi agreement
6:20 Trump undoes "self-inflicted" damage
7:02 Scott Bessent claimed China had "losing hand"
7:40 China is less dependent on US economy
8:24 Analyzing US-China trade
9:59 USA is dependent on Chinese tech
11:06 China is a manufacturing superpower
12:08 China's domestic revenue vs exports
13:43 Bipartisan US trade war
14:30 One-year trade truce
15:40 US midterm elections coming up in 2026
16:12 Poll: Republicans (and Dems) are unpopular
16:48 Trump's low approval rating of 39%
17:27 US consumers pay for Trump's tariffs
18:54 Inflation and US economic problems
20:58 US manufacturing jobs decline
22:32 Soybean war: Trump's tariffs hurt farmers
24:38 China buys soybeans from Latin America
25:25 Trump's bailout of farmers
27:24 China's rare earth dominance
28:58 US industry needs China's rare earths
30:40 Chip war: US semiconductor restrictions
31:54 China develops domestic chip industry
33:40 China's new 5-year plan pushes tech
34:31 Made in China 2025 industrial policy
35:45 China leads in critical technologies
37:22 China's "technological self-reliance"
38:25 USA is losing trade war
39:25 Outro
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Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political economist Ben Norton explains how Trump's tariffs have hurt American workers, especially farmers, while China advances as a new technological and manufacturing superpower.
VIDEO: https://www.youtube.com/watch?v=MWrdxBODSUE
Topics
0:00 Trump's meeting with Xi Jinping
1:07 China successfully defends itself
2:58 China is a new "economic superpower"
4:04 This is a one-year "tactical detente"
4:47 Details of Trump-Xi agreement
6:20 Trump undoes "self-inflicted" damage
7:02 Scott Bessent claimed China had "losing hand"
7:40 China is less dependent on US economy
8:24 Analyzing US-China trade
9:59 USA is dependent on Chinese tech
11:06 China is a manufacturing superpower
12:08 China's domestic revenue vs exports
13:43 Bipartisan US trade war
14:30 One-year trade truce
15:40 US midterm elections coming up in 2026
16:12 Poll: Republicans (and Dems) are unpopular
16:48 Trump's low approval rating of 39%
17:27 US consumers pay for Trump's tariffs
18:54 Inflation and US economic problems
20:58 US manufacturing jobs decline
22:32 Soybean war: Trump's tariffs hurt farmers
24:38 China buys soybeans from Latin America
25:25 Trump's bailout of farmers
27:24 China's rare earth dominance
28:58 US industry needs China's rare earths
30:40 Chip war: US semiconductor restrictions
31:54 China develops domestic chip industry
33:40 China's new 5-year plan pushes tech
34:31 Made in China 2025 industrial policy
35:45 China leads in critical technologies
37:22 China's "technological self-reliance"
38:25 USA is losing trade war
39:25 Outro
Huge bubbles in AI & US stock market grow, while real economy is in recession
Geopolitical Economy Report
33 minutes 17 seconds
1 week ago
Huge bubbles in AI & US stock market grow, while real economy is in recession
The US economy depends more and more on enormous bubbles in the stock market and AI. The 10% of richest Americans drive half of all spending, while the real economy in many states is in recession. If the bubble pops, it could cause a severe crisis. Political economist Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=rXCVrLPTUHQ
Topics
0:00 Economy divided between rich & everyone else
1:36 Many US states already in recession
3:11 Biggest stock market bubble in history
5:31 90% of stocks owned by 10% richest Americans
7:23 Magnificent Seven (Mag7) Big Tech stocks
9:07 Ten Titans Big Tech stocks
9:58 AI bubble
11:46 (CLIP) Jeff Bezos: AI is in "good bubble"
13:26 95% of AI pilot programs fail
13:55 Investors keep buying overvalued stocks
15:12 Markets can remain irrational
15:26 Irrational exuberance
15:50 Dot-com bubble
16:28 US share of global stock markets
17:28 US vs Chinese tech company revenue
18:24 Tesla vs global automotive industry
20:49 Top 10 US stocks: 16% global market cap
21:07 Recession
22:23 Stagflation
23:04 AI capex contribution to US GDP growth
25:07 AI is eating the economy
26:01 AI drives up electricity bills
26:50 Trump shuts down renewable energy
27:42 AI adds more to GDP than shopping
28:49 US job growth collapses
32:13 Bifurcated economy
33:01 Outro
Geopolitical Economy Report
Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political economist Ben Norton explains how Trump's tariffs have hurt American workers, especially farmers, while China advances as a new technological and manufacturing superpower.
VIDEO: https://www.youtube.com/watch?v=MWrdxBODSUE
Topics
0:00 Trump's meeting with Xi Jinping
1:07 China successfully defends itself
2:58 China is a new "economic superpower"
4:04 This is a one-year "tactical detente"
4:47 Details of Trump-Xi agreement
6:20 Trump undoes "self-inflicted" damage
7:02 Scott Bessent claimed China had "losing hand"
7:40 China is less dependent on US economy
8:24 Analyzing US-China trade
9:59 USA is dependent on Chinese tech
11:06 China is a manufacturing superpower
12:08 China's domestic revenue vs exports
13:43 Bipartisan US trade war
14:30 One-year trade truce
15:40 US midterm elections coming up in 2026
16:12 Poll: Republicans (and Dems) are unpopular
16:48 Trump's low approval rating of 39%
17:27 US consumers pay for Trump's tariffs
18:54 Inflation and US economic problems
20:58 US manufacturing jobs decline
22:32 Soybean war: Trump's tariffs hurt farmers
24:38 China buys soybeans from Latin America
25:25 Trump's bailout of farmers
27:24 China's rare earth dominance
28:58 US industry needs China's rare earths
30:40 Chip war: US semiconductor restrictions
31:54 China develops domestic chip industry
33:40 China's new 5-year plan pushes tech
34:31 Made in China 2025 industrial policy
35:45 China leads in critical technologies
37:22 China's "technological self-reliance"
38:25 USA is losing trade war
39:25 Outro
