Chris Friedberg

High estimate is like $20 if we cut in between these two.

They're spending $52,000 a year per homeless person.

Well, and your point before is other places don't give the services, so therefore the homeless slash junkies converse about this, and then they pick the right destination.

Yes.

Do not stand for it, folks.

Okay, here we go.

Lots of topics.

The U.S.-China trade battle is continuing, and this time we have a new wrinkle.

Trump and Xi are set to meet in South Korea.

Later this month, they're going to work out a grand trade deal.

And this would be their first in-person meeting since 2019, six years ago.

But last Thursday, China announced new export controls on 12 of 17 critical rare earth minerals effective December 1st.

Obviously, we need these for EVs, batteries, your AirPods, everything.

And on Friday, Trump threatened 100% tariff on all Chinese imports on top of the existing tariffs.

as of November 1st, and accused the CCP of trying to, quote, hold the world captive.

Stock market tanked, recovered on Monday when Trump told everybody, don't worry about it, it's going to be all good.

So far this week, things have mostly de-escalated.

Friend of the pod, Treasury Secretary Scott Besant, said the Trump-Xi meeting is still on track and, quote, we have substantially de-escalated.

Also, he said the 100% tariff does not have to happen.

However, on Wednesday, Besant called the export controls unacceptable and that it's China versus the free world.