Is Trump Folding on “America First”? The Real Story Behind the Trade Pause
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 12 May 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
In this episode, Ken and Danille break down the surprising 90-day trade truce between the U.S. and China and what it means for inflation, unemployment, real estate, and everyday Americans. From manufacturing politics to economic strategy, they explore how this temporary deal reveals deeper cracks—and possible consequences—in global trade and national policy.
• • •
Visit Ken's Bookstore: https://kenmcelroy.com/bookstore
• • •
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
• • •
DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
© 2025 KenMcElroy.com, LLC. All Rights Reserved.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Trump just folded on his economic plan to bring jobs back to the U.S. |
| 0:08.1 | And we're going to explain why and why it's important. |
| 0:11.4 | Hey, guys. |
| 0:11.9 | How are you? |
| 0:12.4 | Greetings from Florence, Italy. |
| 0:14.4 | We're excited to be here with you guys. |
| 0:16.5 | It's late. |
| 0:17.3 | But let's get right into this because we were on the news here reports things very |
| 0:24.2 | differently than are seen, of course, in the United States. And yesterday we were in the |
| 0:29.7 | UK. And it said Trump's made a mess of everything. So everybody seems to be pissed at Trump |
| 0:36.5 | over here. |
| 0:43.8 | But I will tell you, what they did today is, I think it's a more civilized way of a divorce, |
| 0:44.7 | basically, right? |
| 0:50.2 | Because, you know, as we know, as you guys might know, we went trying to do business in China, |
| 0:53.0 | bring our products in China for a long time. And the goal is always been to bring manufacturing back to the U.S. |
| 0:58.4 | So Trump's goal, right? |
| 1:01.6 | And of course, he is the one who's driving this, right? |
| 1:04.1 | What do you think? |
| 1:05.5 | Yeah, I mean, right now U.S. and China have struck a 90-day trade agreement. So we're dropping our 130% tax on or tariff on China. And we're changing it to 30%. They're changing ours to 10%. I think ours was 130 as well or right around there. And so both countries have decided that for 90 days, they're going to call |
| 1:28.2 | the truce. I personally think this is going to be permanent because I think they're both, I think |
| 1:34.0 | Trump's backing down, basically, and this gives him a way out since China is agreeing to it. |
| 1:40.3 | But that's basically where they're at right now because they both realize how much economic pain, especially Trump, that this was going to cause the U.S. and of China. |
... |
Transcript will be available on the free plan in 3 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.