Ep. 2197 - A China DEAL…PLUS A $400 Million Jet From Qatar?!
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Alrighty, folks, just a firehose of news over the weekend. President Trump cutting a brand new tariff deal with China, and it's turning the markets around. Plus, Idan Alexander, the last remaining American hostage in Gaza, released by Hamas at the behest of the Trump administration. Of course, I know the Alexander family. We'll talk about that. Plus... all about that Qatari jet, that $400 million Qatari plane that they want to give to President Trump and his presidential library. First, the news moves fast. Bad news moves fastest of all. Every day, it gets harder to tell what's real, what's manufactured to control and discourage us. The world doesn't need more noise. It needs more facts. That's why starting today,
We are giving you more of The Ben Shapiro Show. Actually, two times more of The Ben Shapiro Show. That's right. We are making the show longer. Twice the analysis, twice the fact. Join in at dailywire.com slash subscribe. Lots and lots of news. We begin with the biggest news, the most impactful news. which is, of course, that the U.S. and China have now apparently agreed to slash tariffs on one another. This is a deal reached by Treasury Secretary Scott Besson, who's been looking for an off ramp with regard to these extraordinarily high tariffs that he said just last week were unsustainable with regard to China. Now, there will still be tariffs on China. China will still have tariffs on American product.
But we are starting to move toward what looks like a significantly more rational trade policy with the rest of the world. So yes, we have still significantly raised tariffs on the rest of the world. That 10% flat rate tariff still exists on the rest of the world. Now, the 125 to 145% tariffs that were placed on the Chinese, those have been lowered. According to the Wall Street Journal, after weekend talks in Geneva, President Trump's reciprocal tariff on China will fall to 10% from 125%. So essentially the same as the tariffs that we currently have on, say, England or any other country. A separate 20% tariff the president imposed over what he described as China's role in the fentanyl trade is going to remain.
So presumably that means really it's not a 10% tariff, it's a 30% tariff, which again, looks more rational. As I've said from the beginning, when it came to tariffing China, going after China as an actual geopolitical opponent is necessary. This is the thing that President Trump did in term one that was absolutely necessary. And Everybody seemed to buy into on the right and left in the United States. I've talked to many, many Democrats who have acknowledged that Trump was right to reset the table with regard to China. So attempting to box China in with regard to trade, attempting to create a divide in the world such that third party countries move toward the United States and away from China. That is a good thing.
Reshoring critical industries away from China toward third parties or toward the United States is a very good thing. But if you're going to do this, you need to do it in rational fashion. That means gradually escalating tariffs on China such that manufacturers actually have time to move out of China before the door is slammed shut on them. You actually need to reshore critical supply chains like rare earth minerals in order to ensure that we aren't just deprived of the things that we need in the United States in order to compete with China. You need to cut better trade deals with everybody around China so that they don't orient toward China and away from us. And you need to build up the U.S. Navy. We didn't do any of those things.
We just sort of ran into the room, threw 145 percent tariff on the table and ran out of the room while simultaneously slapping other countries with a rubber chicken. It turns out that was not exactly a great trade policy. The good news is, as I have said all along with President Trump, President Trump lives in the world of reality. If the headlines are bad, he responds. If the stock market doesn't seem to be doing what he wants it to do, he responds. So long as good information penetrates whatever echo chambers around him, he will, in fact, respond to incentives. It's one of the things that made him a successful president in term one. It's the thing that will make him a successful president in term two. He might start off with a bad idea from, say, Peter Navarro.
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