2/8/24: Republicans furious over failure, Trump explodes over legal defeat
The David Pakman Show
David Pakman
4.8 • 6.2K Ratings
🗓️ 8 February 2024
⏱️ 62 minutes
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| 0:00.0 | We start today with remarkable news of President Joe Biden doing something that Donald Trump promised to do, Maggats said |
| 0:16.7 | would be great to do and the entire right wing has insisted only a Republican would be able to do such a thing. |
| 0:25.1 | What am I talking about? |
| 0:26.5 | I'm talking about decreasing our supply chain dependence on China and replacing it with other parts of the world and |
| 0:36.0 | other countries and specifically we're talking about Mexico. Take a look at this |
| 0:41.0 | headline for the first time in two decades, the U.S. buys more from Mexico than from China. |
| 0:50.0 | These are figures released yesterday by the US Commerce Department and they show that when you look at the value of goods imported from China compared to that imported from Mexico in 2023 the Mexican imports went up 5% more |
| 1:07.8 | than 475 billion at the same time Chinese imports declined to 20% to 427 billion, and we now have for the first time in decades imported more from Mexico than from China. Now I am not going to pretend that just |
| 1:27.3 | because Biden did something Trump said would be good to do that it's actually a |
| 1:32.2 | good thing to do. We're going to get later in the segment to, is this actually a good thing? |
| 1:37.0 | But to the extent that the party line for the right has been, we've got to decrease our dependence on China. We're |
| 1:44.4 | importing too much relative to what we export from China that's called the |
| 1:47.8 | trade balance. It's risky when it comes to pharmaceuticals when it comes to |
| 1:51.5 | steel when it comes to cheap Chachikis that you buy at any Caribbean destination that look |
| 1:58.0 | exactly the same except for it says St. John or St. Thomas or Ar Rooba you know the Chachkies I'm talking about anyway |
| 2:05.6 | The idea is we should import less of that stuff |
| 2:09.6 | There's a broader trend here. okay? And the broader trend is that increasingly, this is now speaking industrially. |
| 2:18.8 | Mexico is a viable alternative to China. |
| 2:23.2 | It's closer. |
| 2:24.8 | It has surpassed China as our top source of official imports. |
| 2:29.8 | It's believed by some and I'm trying to be precise but also careful with my language |
| 2:34.8 | It's believed by some that there is less of a national security concern when it comes to imports from Mexico. |
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