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Valuetainment

Episode 350: US China Trade War Explained

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 2 August 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

Episode 350: US China Trade War Explained by Patrick Bet-David --- Support this podcast: https://podcasters.spotify.com/pod/show/valuetainment/support

Transcript

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0:00.0

30 seconds.

0:01.0

One time for the underdong.

0:04.0

Ignition sequence star.

0:07.0

Let me see you put them up.

0:09.0

Reach the skies, let the stars up above because it's one time for the underdaw. I'm Patrick Bedevi a host of I'm Patrick Badev your host of Tim and

0:18.8

and today we're gonna talk about the US China Trade Ward and seven reasons

0:22.0

that could possibly be causing this trade war.

0:24.9

So before we get right into it, let's first talk about the word tariff, what it means and

0:27.8

why countries put a tariff on other countries to import their products in.

0:31.3

So first, a tariff is a tax. For instance you bring your

0:35.5

products from China to US I put a 25% tariff on this product. So if you bring a

0:40.5

hundred billion dollars you're gonna have to pay another $25 billion.

0:43.9

On top of that $100 billion, that's the tariff.

0:46.0

This is why you'll notice a lot of times where when people come here from Europe, they look at

0:51.4

a Camille and they say, oh my gosh, that's such a luxury car.

0:55.0

Look at that.

0:56.0

But Americans look at Camarra, they're like, it's just a Camarra you can buy for $28,000.

0:59.0

But Europeans don't pay $28,000.

1:01.0

They may pay $40,000 for it. Just like when Americans go to Europe and they say,

1:05.1

cab drivers driving around or Mercedes.

1:07.3

Cops have Mercedes. What is this all about? Because what a Camaro is in US is exactly

1:11.9

what a Mercedes is in Germany, right?

...

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