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Welcome to the Eric Erickson Show podcast, Our Three.

Ladies and gentlemen, boys and girls, welcome.

It is Eric Erickson here.

The phone number 877973-725, should you wish to be on the program.

There is some breaking news happening.

The market, someone has leaked without attribution, that behind the scenes, the Treasury Secretary is saying everyone in the administration, everyone believes that the current tariffs against China are not

sustainable. That is, the markets were already up today, but they've actually bumped up again

with this rumor that there will be de-escalation. He allegedly told investors in closed-door meetings

Tuesday that there will be de-escalation in the trade war with China in the very near future.

The next steps with China are. No one thinks the current status quo is sustainable with tariff rates

at their current level. Besson said in the J.P. Morgan Chase's private summit to investors.

We have an embargo now on both sides, right?

There will be signs for relief right now.

The Chinese have a 125% duty on American goods,

...