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The Brian Lehrer Show

The Latest on the Trade War With China

The Brian Lehrer Show

WNYC

Arts, Lerer, Radio, York, Wnyc, News, Media, New, Npr, Nyc, Bryan, News Commentary, Politics, Daily News, Public

4.71.4K Ratings

🗓️ 5 May 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

Analysis of the US-China relationship as Beijing is considering whether it should begin to negotiate with President Trump on trade.

Transcript

Click on a timestamp to play from that location

0:00.0

It's the Brian Lairor show on WNYC.

0:13.8

Happy Monday, everyone.

0:15.5

Now, don't be ashamed if you're confused about the economy right now, and you aren't

0:19.8

sure what you'll be able to afford

0:21.4

to buy for the rest of this year or what your business will be able to afford to sell.

0:26.5

That might now include movie tickets with the latest tariff threat. We'll explain if you

0:30.9

haven't heard that one yet. But the whole last week has been about as confusing an economic

0:36.1

week as there could be,

0:39.8

not the least of which, because President Trump,

0:43.0

who got elected to bring down inflation, remember,

0:49.1

was celebrating the idea, celebrating the idea of buying less stuff for your kids,

0:51.7

but paying higher prices for it.

0:52.8

Here's that clip.

0:56.5

They made a trillion dollars when we bought a trillion dollars, even a trillion one with Biden selling us stuff. Much of it we don't need. You know,

1:03.6

somebody said, oh, the shelves are going to be open. Well, maybe the children will have two

1:07.8

dollars instead of $30, you know, and maybe the two dollars

1:11.5

will cost a couple of bucks more than they would dollar live.

1:14.2

The trillion dollars reference was about how much stuff Americans buy from China.

1:19.5

But we'll talk about the fewer dolls at higher prices theory of making America great again.

1:25.1

A kind of inflation, he didn't even try to claim was temporary,

1:28.3

but it's not just that. That's not the only reason you might be confused. The government stats

1:33.1

that came out last week, you probably heard some of this, showed the U.S. economy was shrinking,

...

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