t's probably partly why the stock market's up. He thinks that there's going to be a deal to reduce US tariffs on imports from China in exchange for here's the part I don't believe. China trying harder to block the fentanyl precursors.

As you know, China produces the precursors that go to Mexico and then the cartels turn that into fentanyl and then they kill tens of thousands of Americans every year. Trump's been working on this for what, eight years and gotten no results whatsoever because part of the problem is that China says, "Oh, we're working very hard on these precursors and we've banned them." And then five minutes later, we find out that they're new precursors. They're slightly different than the others, but you can also use them to make fentanyl. And then China will say, "Oh, those are not illegal yet. We would have to make those specific ones illegal." So we would say, why don't you do that? So then they do that, but nothing happens fast. And then they say, all right, we've clamped down on all of these precursors. And then we say, but why are they still coming in at exactly the same rate? Oh, well, those are slightly different again. Yet again, those bad guys have come up with a slightly different thing that's not technically illegal. We'll try to catch up with that.

Now, if you've lived in the real world for more than five minutes, this will sound to you like they're not really trying, not really trying to stop those precursors. They're trying to make us think that they're doing something so that they can get something, which is us easing off on trade. But I don't believe they'll do anything. If China has gone this far with doing absolutely nothing but claiming they're working on it and showing you some evidence that they're working on it, but not really stopping it, are we going to do our part? Are we going to give them the tariff relief that they want when there's no real chance they're going to give us what we want? Or does Trump have a new approach that somehow I don't know what that would be. We would have some more transparency or we'd have some more trust that China was actually trying to cut this down. I don't know if this is any deal at all. So I'll be optimistic and say if Trump thinks he can make this work that would be great. But I'm not going to hold my breath on fentanyl.

Remember yesterday I was telling you that Japan and the Japanese culture is not just good at gift giving, but they're sort of the champions. Like they can give a gift that will just be so special and so well thought out and so emotionally perfect. The Japanese are just good at it, the gift giving. So they gave Trump the putter that literally belonged to his friend Abe when he was the prime minister. Now that is a really good gift because they were golfing partners and you know it's a real thing and it was something that was probably very personally important to the prime minister, his putter because he golfed. If you're a golfer you sort of have a relationship with your putter. So that was an example of the best you could do in the gift giving compared to South Korea. And I'm not going to mock South Korea. I'm just making a contrast. What they gave him as a gift was the Grand Order of the Mugunghwa, the country's highest decoration. Now, I'm sure that that is a great honor. And if South Korea ever offered me the Grand Order of the Mugunghwa, I would be very appreciative and I would respect that totally. However, if it comes right after Abe's putter, it barely looks like they're