Explosive Trade War with China: What Are Trump’s Real Goals?
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 10 April 2025
⏱️ 55 minutes
🧾️ Download transcript
Summary
Trump increased already huge tariffs today, bringing total tariffs on China to 125% of goods (at 104% at the time of recording). China has retaliated, and the stock market plunged $7 trillion in value after tariffs were announced last week (before bouncing back after this recording). Trump says this is about bringing back jobs, but what is the reality? Brian Becker and Eugene Puryear discuss Trump’s real goals.
Brian is joined by Eugene Puryear, an author and political organizer, and co-host of The Freedom Side LIVE, a live video show every Thursday from 3 p.m. to 5 p.m. Eastern on BreakThrough News.
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Transcript
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| 0:00.0 | Donald Trump has declared a global trade war. |
| 0:04.0 | Countries all over the world are reeling. |
| 0:07.0 | Trump hits China with tariffs of 104%. |
| 0:12.0 | China is retaliating. |
| 0:14.0 | The stock market has plunged over the last week, |
| 0:17.0 | losing over $7 trillion in value. |
| 0:22.7 | We need a new system. |
| 0:24.5 | We need a new society. |
| 0:28.0 | We need to demand that which may have sounded impossible even a few weeks ago, |
| 0:29.9 | but is not only realizable, |
| 0:32.1 | but an imperative necessity. Welcome to the Socialist Program. I'm your host, Brian Becker. |
| 1:00.0 | Today we're talking once again with Eugene Per Year. |
| 1:03.0 | Eugene is an author, he's a political organizer. |
| 1:06.0 | He is the co-host of the Freedom Side Live, a live video show every Thursday from 3 to 5 p.m. Eastern on |
| 1:13.7 | Breakthrough News. Eugene, welcome back. Brian, thank you so much for having me. Topsy-turvy would be a major |
| 1:20.5 | understatement when we look at the stock market, $7 trillion in lost value since last Wednesday. |
| 1:27.2 | We have a lot to talk about today, Eugene. |
| 1:29.8 | Again, for people who are not economists, who are not heavily invested or invested at all in the |
| 1:35.6 | stock market, they might not know what this is all about. What's the real goal? It might seem like |
| 1:41.3 | a foreign language when we talk about economics. But what is Trump |
| 1:45.9 | actually doing? He's obviously declared a trade war against the world and against China in particular, |
| 1:54.2 | but to what end? What's your view on this? Well, I think Trump is looking to approach the |
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