Caller 3

I mean, this basically means, like, they'll be hitting in the summer, which is also just, like, absolutely the worst conceivable time for these tariffs to take effect in terms of, like, if you were just, like, deliberately trying to cause a massive popular mobilization against you, this is what you would do. They're not. They're just dumb. But like, you know.

I mean, this basically means, like, they'll be hitting in the summer, which is also just, like, absolutely the worst conceivable time for these tariffs to take effect in terms of, like, if you were just, like, deliberately trying to cause a massive popular mobilization against you, this is what you would do. They're not. They're just dumb. But like, you know.

I mean, this basically means, like, they'll be hitting in the summer, which is also just, like, absolutely the worst conceivable time for these tariffs to take effect in terms of, like, if you were just, like, deliberately trying to cause a massive popular mobilization against you, this is what you would do. They're not. They're just dumb. But like, you know.

So, okay, let's move on to the sort of big news of this week. The press has been carrying stories about Trump backing off of the 145% China tariffs and the fact that there's going to be negotiations and it's all going to get wound down. And like, I'm pretty sure this is just kind of pure Lutnik shit. They're trying to calm the markets down.

So, okay, let's move on to the sort of big news of this week. The press has been carrying stories about Trump backing off of the 145% China tariffs and the fact that there's going to be negotiations and it's all going to get wound down. And like, I'm pretty sure this is just kind of pure Lutnik shit. They're trying to calm the markets down.

So, okay, let's move on to the sort of big news of this week. The press has been carrying stories about Trump backing off of the 145% China tariffs and the fact that there's going to be negotiations and it's all going to get wound down. And like, I'm pretty sure this is just kind of pure Lutnik shit. They're trying to calm the markets down.

The issue with this story is that there are no negotiations, right? Everyone keeps talking about how the U.S. is going to do a negotiated settlement with China. There have not been any negotiations. There are not negotiations.

The issue with this story is that there are no negotiations, right? Everyone keeps talking about how the U.S. is going to do a negotiated settlement with China. There have not been any negotiations. There are not negotiations.

The issue with this story is that there are no negotiations, right? Everyone keeps talking about how the U.S. is going to do a negotiated settlement with China. There have not been any negotiations. There are not negotiations.

There has not even been a process to start negotiations because, you know, the last stories we had about this was that like neither side wants to be the person to like start going to the table. Because like asking the other side for negotiations makes them look weak. Like Trump has been asking China to ask him to start negotiations. The Chinese are refusing.

There has not even been a process to start negotiations because, you know, the last stories we had about this was that like neither side wants to be the person to like start going to the table. Because like asking the other side for negotiations makes them look weak. Like Trump has been asking China to ask him to start negotiations. The Chinese are refusing.

There has not even been a process to start negotiations because, you know, the last stories we had about this was that like neither side wants to be the person to like start going to the table. Because like asking the other side for negotiations makes them look weak. Like Trump has been asking China to ask him to start negotiations. The Chinese are refusing.

And the second issue here, and this is the more substantive problem with a sort of negotiated back out, is that the Trump-Navarro position hinges on the line that the trade deficit inherently, like with China, is proof of Chinese market manipulation. And the thing is, there's no actual way to systematically address that, right? Like, there's nothing that, like, either China or the U.S.

And the second issue here, and this is the more substantive problem with a sort of negotiated back out, is that the Trump-Navarro position hinges on the line that the trade deficit inherently, like with China, is proof of Chinese market manipulation. And the thing is, there's no actual way to systematically address that, right? Like, there's nothing that, like, either China or the U.S.

And the second issue here, and this is the more substantive problem with a sort of negotiated back out, is that the Trump-Navarro position hinges on the line that the trade deficit inherently, like with China, is proof of Chinese market manipulation. And the thing is, there's no actual way to systematically address that, right? Like, there's nothing that, like, either China or the U.S.

could do that would reverse the trade deficit. So, there's no sort of, like, you know, like, yeah, like, the obvious way out here would be for, like, Trump to take some kind of weird symbolic victory and, like, China to be like, we're doing a fentanyl crackdown or some shit. But the thing is, like...

could do that would reverse the trade deficit. So, there's no sort of, like, you know, like, yeah, like, the obvious way out here would be for, like, Trump to take some kind of weird symbolic victory and, like, China to be like, we're doing a fentanyl crackdown or some shit. But the thing is, like...

could do that would reverse the trade deficit. So, there's no sort of, like, you know, like, yeah, like, the obvious way out here would be for, like, Trump to take some kind of weird symbolic victory and, like, China to be like, we're doing a fentanyl crackdown or some shit. But the thing is, like...

ideologically for someone like Navarro, and Navarro is the important figure here, like, Navarro just wants China destroyed, right? There's no actual negotiating process that he can do that will actually sort of, like, make this, like, negotiation shit happen and have it actually, like, eliminate the tariffs.

ideologically for someone like Navarro, and Navarro is the important figure here, like, Navarro just wants China destroyed, right? There's no actual negotiating process that he can do that will actually sort of, like, make this, like, negotiation shit happen and have it actually, like, eliminate the tariffs.