Neil Freiman
👤 SpeakerAppearances Over Time
Podcast Appearances
They are making autos.
They are making solar panels.
They are making drones.
They are making semiconductors.
So the fact that they make all those low value items and all those advanced manufacturing items is absolutely astonishing economists who have never seen anything like this.
And it's very much a warning shot across about to a lot of countries, especially in Europe.
Macron, Emmanuel Macron, the president of France, just came back from
of a visit to China.
And he said it's hitting the heart of the European industrial and innovation model.
Germany gets five percent of its GDP from auto manufacturing and Chinese cars are surging on the roads there.
This is a huge problem that they're going to have to deal with.
Yeah, top economists in China have said we need to let the renminbi appreciate to bolster our consumers because there is a two-track economy in China right now.
It's factories, it's exporting is doing amazingly well.
Domestic consumption is not doing well at all.
Moving on, you know when you did someone a little dirty, feel bad about it, then buy them a couple beers to smooth things over?
That's kind of what the Trump administration is doing for American farmers.
Yesterday, the president announced $12 billion in aid to struggling US farmers who have seen lucrative foreign markets dry up because of the trade war.
Of course, that's not how Trump framed it.
Publicly, administration officials are blaming low crop prices and higher costs for farm equipment, as well as some Biden era policies as the reasons farmers are hurting.
Still, there's no denying that farmers have been bruised up from the trade war, specifically those who sell soybeans.