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Belle of the Ranch

Let's talk about Trump not having the cards in his trade war....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 9 July 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about Trump not having the cards in his trade war....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again.

0:05.0

So today, we're going to talk about countries calling Trump's bluff.

0:10.9

Treasury Secretary Scott Bessent certainly appeared to slip up during an interview on CNN.

0:17.8

Back on April 2nd, Trump imposed his widespread tariff policy. Then he paused the tariffs and

0:25.3

established a new deadline 90 days later. That deadline is up on Wednesday. The Trump administration

0:32.3

said there would be 90 deals in 90 days. There hasn't been. Not even close. Now, according to the Treasury

0:40.9

Secretary, Trump is once again extending his taco dinner. Bessence said, quote,

0:48.1

President Trump's going to send letters to some of our trading partners, saying that if you don't

0:54.0

move things along, then on

0:55.9

August 1, you will boomerang back to your April 2nd tariff level.

1:01.3

Trump, pushing back the deadline, isn't a surprise. It's not even newsworthy. But what is,

1:08.1

is something that has so far been treated like a throwaway line from the interview.

1:13.2

But it may actually be the most important part.

1:16.8

Bessence said, quote, many of these countries never even contacted us.

1:22.8

And yes, yes, that means that Trump's team was lying when they said the countries were calling and sucking up to Trump and begging for a deal.

1:32.6

But Trump's team repeating falsehoods isn't actually news either.

1:38.1

What is news is the decision-making process in the other countries that led to them not contacting the administration.

1:46.6

Trump was operating under the belief that tariffs were the ultimate leverage.

1:52.1

Them not contacting the administration means it isn't the ultimate leverage.

1:57.6

It means they're calling Trump's bluff, or it means that they don't actually care,

2:03.3

because it's not their country paying for it. It's you paying for it. Either way, apparently

2:10.5

many of these countries decided to tell Trump he doesn't have the cards., there's been a leak from inside the administration.

...

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