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Chapter 1: What happened in Donald Trump's latest China trade war update?
Well, here we go again. Donald Trump is getting mocked by the entire world for caving once again to Xi Jinping in China. Again, showing that, guess what, Donald, you don't hold the cards. Usually someone who's out there saying, I hold the cards, you don't hold the cards. You often can call that a tell.
You see some of these memes right here of Xi Jinping just laughing at Donald Trump and outmaneuvering him. So yesterday, Donald Trump held a press conference where he said the following. He said that the ultimate tariffs on China are going to be nowhere near 145%. Who would ever put 145% tariffs? That's too much. That's what you said, Donald. Trump said it's going to come down substantially.
It won't be zero. It's going to be more than zero, but we will see. And then he goes, I think we're going to be able to make a deal with China. This is after Donald Trump begged Xi Jinping and China to call and do something, but China held firm and didn't do anything at all. Also, Donald Trump, he's seeing the bond market implode.
He's seeing the 10-year treasury yields move closer to 5%, which is basically... I think, well, technically 4.5%, I think, is Donald Trump's kind of pain point, but it could go higher. And so now he wants to announce all of these fake deals. So one of the things that was announced is that they may have an agreement in principle with Japan on trade. It's an outline that they want to announce.
But when you dig into the details, again, it's just completely BS. And they're just, once again, just making it all up. You know, if you looked at what went down earlier in the day yesterday, I think it was one of the most important things. And it seems like more market manipulation taking place where this is what was reported by Bloomberg. That Scott Besant sees de-escalation with China.
Situation is now looking unsustainable. There was a private meeting that was hosted by JPMorgan Chase in Washington yesterday. It was not open to the public or to the media, but Scott Besson was there and all of these hedge funds and private equity companies were there.
Closed door meeting, an investor summit where Scott Besson said the standoff as it is with China right now is unsustainable and he expects the situation to deescalate. So one of the things we noticed early in the morning, despite all of this bad market data out there, the market was trading up and was doing well. So it was like, what was driving that?
Well, apparently there was a lot of insider information being exchanged during closed door sessions where Wall Street wins and Main Street gets absolutely screwed as inside information is being exchanged. And then thereafter, you had Donald Trump hold this press conference in the afternoon where
right as markets had closed, saying, you know, I think that we want to maybe de-escalate this with China once the insiders made a lot of their money after the market crashed. You see that kind of cycle repeat itself over and over again. Here's another meme that I saw. Listen up, President Xi, I'm sorry. You know, there's a lot going on, though, because Trump's
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Chapter 2: Why did Donald Trump reduce tariffs on China and what does it mean?
He says that he brought egg prices down 93 to 94% since the regime took office. It's the most ridiculous lie in the world. You think eggs were $84 a dozen? I mean, it's this 93 to 94%. It's just some of the most stupid lies that they tell. And again, it's just this over and over again, lie after lie after lie. Here, play this clip.
If you remember my first week, I was standing here, Paul, and they were screaming about eggs. The cost of eggs have gone through the roof. They were up like 500, crazy, like four or five times. And we won't have eggs for Easter, they were saying. Be no eggs. You can't order eggs. They wanted to sort of plastic in the shape of eggs. Well, yesterday we had 48000 people at the Easter hunt.
They call it the Easter roll at the White House. And we had all eggs. And as you know, the cost of eggs has come down like 93, 94 percent since we took office. And they're pretty much normally priced now. Great job. Our secretary of agriculture, Brooke Rollins, did a very good job. But groceries have come down. It's all coming down.
The only thing that hasn't come down but hasn't gone up much are interest rates, and we think the Fed should lower the rate. We think that it's a perfect time to lower the rate. And we'd like to see our chairman be early or on time as opposed to late.
Look, the Associated Press reported that U.S. egg prices increased to record highs this past week, dashing hopes of cheap eggs by Easter. I mean, those are just the facts. You know, and the thing with this Trump regime also is, you know, the cruelty is the point.
You know, there's all these distractions taking place as they're just screwing over, you know, marginalized communities, just screwing over workers, screwing over just regular folks, 401ks and pensions, you know.
Just to give you an example, so they say they want to abolish the Department of Education to get rid of education, but they still want to use the Department of Education starting May 5th to do a massive wage garnishment of millions of people who defaulted on their student loans. So they're doing a large-scale garnishment operation there.
but then gutting services like lunch and helping poor kids and helping out kids with disabilities through the Department of Education. And then there's this also. So as RFK Jr., who runs HHS Health and Human Services, Goes on, he's been given all these speeches where he spreads lies about autism and vaccines, just horrific stuff that he's saying.
HHS is planning to cut the National Suicide Hotlines program for LGBTQ youth. In February, the program received an average of 2,100 contacts per day. So that's what they want to focus on, too. The federal government plans to eliminate services for the LGBTQ youth who call 988 the National Suicide and Crisis Hotline.
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