5/12/25: Trump surrenders to China, habeas corpus now under threat
The David Pakman Show
David Pakman
4.8 β’ 6.2K Ratings
ποΈ 12 May 2025
β±οΈ 60 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Transcript
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| 0:00.0 | I hope everybody had a good weekend. |
| 0:10.0 | You might have noticed last night headlines about a trade deal with China. |
| 0:14.6 | The only problem is there is currently no deal. |
| 0:18.5 | And even Fox News is acknowledging this. |
| 0:20.4 | This is a really interesting story. I want to take |
| 0:22.4 | some time to dig into it at the start of the show. So Donald Trump is now temporarily undoing |
| 0:29.6 | some of his own economic disaster and he wants applause for it. It's the arsonist who says, I put out |
| 0:35.7 | a little bit of the fire that I started and you should |
| 0:39.2 | be cheering for me. |
| 0:40.4 | So let's discuss what took place. |
| 0:41.8 | Over the weekend, the US and China announced the 90 day pause on the trade war. |
| 0:46.4 | This is not a deal. |
| 0:47.7 | This is a delay on the Trump created trade war and have agreed during this period of time to slash tariffs by |
| 0:57.7 | a massive 115 combined points. |
| 1:01.4 | The US dropping duties on Chinese goods from up to 145% down to 30%. |
| 1:08.2 | China's retaliatory tariffs are falling from 125% to 10%. |
| 1:13.2 | Markets exploded on the news as of this moment as I'm recording this segment, the Dow Jones |
| 1:19.5 | Industrial average up about a thousand points. |
| 1:22.3 | And we knew this would happen because as soon as this announcement hit, the futures overnight popped. |
| 1:29.0 | Investors don't care who gets the credit. |
| 1:32.1 | They want the madness to stop. |
| 1:33.7 | And the idea that maybe we're getting closer to an off ramp here is exciting to those |
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