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Beau of The Fifth Column

Let's talk about Trump's high stakes economic week and you....

Beau of The Fifth Column

Beau of The Fifth Column

Society & Culture

4.8965 Ratings

🗓️ 29 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about Trump's high stakes economic week and you....

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 Trump's high-stakes economic week ahead.

0:10.0

Last week, Trump made a number of claims about the economy that have so far,

0:16.0

let's just say they've gone unconfirmed.

0:19.0

Then, there's going to be a big piece of news that has high stakes implications for Trump, and

0:25.0

more importantly, everybody else in the U.S.

0:29.2

Let's start with the claims.

0:31.0

Trump said, quote, I've made 200 deals.

0:34.9

He was talking about trade deals with other countries. The problem is he wouldn't say

0:39.8

which countries he had made them with. His cabinet has so far at time of recording been unable

0:46.4

to name any. They haven't been able to name any country they made a trade deal with, much less 200.

0:57.5

Investors are going to want to know which countries he made deals with and what the terms are.

1:03.2

If for some unknown reason, that information doesn't come out, investors will start to worry,

1:09.2

and confidence will collapse.

1:16.8

Next, Trump said he was talking to the president of China about trade and the tariffs.

1:22.0

China has publicly said no talks are happening, repeatedly.

1:28.6

Despite what we might think, talks often happen behind the scenes, while countries publicly deny they are taking place.

1:31.0

So, Trump had some plausible deniability.

1:35.0

Then, Treasury Secretary Scott Besant was asked about the talks Trump claimed were taking

1:40.0

place.

1:41.0

Bessent said, quote, I had interaction with my Chinese counterparts, but it was more on the

1:48.5

traditional things, like financial stability, global economic early warnings. He then added,

...

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