Back to episode — Episode 2838 CWSA 05/13/25
Context —
ond tariffs that they're willing to relax. But Trump is very excited about the fact that China has agreed to quote "open itself up to American business." Now what exactly does that mean? Because if you were an American business and you found out that China said all right, in the past we weren't allowing you to even compete in China because we wanted our Chinese businesses to thrive without the co…
← Previous segment →actions of China it's as if there are no ethical or moral limits on anything and that if they can steal from you they do. If they can abuse you, they will. If they can steal your stuff, they will. If they can degrade you in any way for the benefit of the Chinese market, they will.
How is that going to change? I don't see that changing, you know, if they don't have the mindset that, oh yeah, come on in and compete with our local businesses. So I feel like that's overblown. I just feel like there's going to be a soft decoupling.
It's very smart for Scott Bessent to say directly and publicly that we don't want to decouple from China. That's exactly what I would say if I wanted to decouple from China. It's just that you can't do it quickly. Doing it quickly would be a disaster for both countries. But a soft decouple where we just sort of quietly develop locally the ability to make our own clothing I guess or to buy it from Mexico or Vietnam.
So I think we should say yes we want to do all kinds of business with you China. Yeah, bring it on. Let's do some more. Oh, the last thing we want to do is decouple. No, no, no. We don't want to decouple. And then decouple as fast as you can, but in a reasonable common sense way that doesn't destroy you as you're decoupling.
So I say don't decouple while you decouple. So that's how I'd play it too.
Gavin Newsom, our California leader here, has ordered California cities to shut down the homeless encampments. He says there's no more excuses. Blaze Media is reporting on this. The homeless advocates, of course, were not happy about this at all.
So what does that mean? Doesn't it feel like there's something missing in that? If you close down the homeless encampments, which is basically the tents, and you get rid of the tents, where are they going to go? Isn't the whole poi
Context —
nt of it is that they were unwilling to go anywhere else? So if you said pick up your tent and get out of here, to where? Now they always had indoor options, right? For a long time they've had indoor options. The reasons they stay outdoors is so they don't have to obey any of the rules of indoor living. In other words, they can just do their fentanyl and lay there and they just prefer it. Now th…
Next segment → →