Hello and welcome to Broconomics. Now let's come back to the tariff thing because

basically nobody has talked about anything else. And yesterday we got the announcement

that there's going to be a 90 day pause. As you recall, I predicted that was that was

very likely going to be something that happened. And the the furore around this has been joyful. To behold, I've been,

I've been watching some of the reactions to it and chuckling heartily to myself. So, first of all,

let's establish what actually happened yesterday. But it won't be yesterday by Tim,

and this goes on Tuesday. I'm recording

this on Thursday beforehand. Unfortunately, our editors insist on having time to do button things.

But anyway, so yeah, what happened yesterday is Trump put a 90-day pause on most of the tariffs, except for those guys who retaliated. And China

in particular, he stuck up to 125% tariff because they tried to retaliate the hardest. And

everybody else gets a 10% tariff. And the reaction that I'm seeing is wonderful because basically everybody who went against

this is trying to say that Trump cucked and he's U-turned and he's run away from

these stuff.

No, he didn't.

He's got 10% across the board as a minimum,

significant tariffs on China, which is, you know, the analysis here is that was always the focus.

And he's also flushed out all of the people who are not aligning with his vision for the

world, those who retaliated.

And we have to see the details on what tariff they get.

I'm not sure if they get the 10% for the 90 days or whether they get higher.

I suspect they're going to get higher on this.

So first of all, some points on the negotiation.

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