“No Deal is Free” - Trump & China Agree to 90 Day Tariff Pause
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 13 May 2025
⏱️ 24 minutes
🧾️ Download transcript
Summary
Trump’s 90-day tariff pause with China triggers a massive market rally—but is it a win or just a delay? PBD and the panel break down the deal’s fine print, why China may have blinked, and why some experts think this is a missed opportunity for lasting change. Is this a smart tactical move or a strategic mistake?
Transcript
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| 0:00.0 | Tariffs. Okay. I'm in Orlando yesterday and we're at the hotel and, you know, all of a sudden, boom, you know, we're getting news, news, news, news. |
| 0:09.9 | Here's what's going on. Look at the market. Look at the markets react. The market gone up. You know, 1100 points and SMP and all the, you know, Bitcoin crossed 100,000. Oh, my God. You know, it's going to be great. And then, you know, while this was announced that the |
| 0:21.4 | trade's going to be made, it says, I retweet, I tweet and I say, I want to know the details, |
| 0:28.2 | because I wonder what this is about. Because on Sunday, we thought it was a trade deal, but it's a |
| 0:32.9 | pause. So let me read this to you. U.S. and China agree to a 90-day tariff pause. |
| 0:41.1 | So what does this mean, okay, on a 90-day trade pause? |
| 0:45.0 | The U.S. trade representative, Jamie Greer, and Treasury Secretary Scott Vesson announced the U.S. agreed to drop its tariffs from 145% on Chinese goods by 115% to 30 points, |
| 0:58.7 | 30% while China agreed to lower its rate on U.S. goods by the same amount to 10% |
| 1:04.7 | with Besson stating the census from both delegations this weekend is neither side wants a decoupling |
| 1:10.4 | and that high tariffs |
| 1:12.1 | are the equivalent of an embargo. |
| 1:13.9 | China's Commerce Ministry said the two sides agreed to cancel 91% in tariffs on each other's |
| 1:20.3 | goods and suspend another 24% in tariffs for 90 days, bringing the total reduction to 115% |
| 1:26.7 | percentage points, adding the initiative |
| 1:29.1 | aligns with the expectation of producers and consumers in both countries and serves the |
| 1:34.9 | interests of both nations as well as the common interests of the world. Tom, your thoughts on |
| 1:39.5 | this. Well, first of all, what have I always been saying, Denny? No math. |
| 1:44.6 | Tom, if you said anything with math, I was going to leave. |
| 1:46.5 | No, no, no, no. |
| 1:47.2 | The market goes up and down by sentiment, right? |
| 1:50.0 | People get a little worried about the future or they get optimistic about the future. |
| 1:53.7 | The market goes up and down. |
... |
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