It was a historic week of dealmaking and positive economic news.

President Trump and his team hammered out details of a trade truce with China,

secured nearly $2 trillion in investment from Saudi Arabia and Qatar,

and the stock market surged and inflation hit its lowest levels in years.

In this episode, we speak to public finance economist and senior fellow at Heritage, E.J.

Antony, for some perspective on those sweeping investments and the health of the U.S. economy.

I'm Daily Wire Executive editor, John Bickley, with Georgia Howe.

It's Saturday, May 17th, and this is a weekend edition of Morning Wire.

Joining us now is economist E.J. and Tony E.J., thank you so much for coming on.

My pleasure. Thank you for having me.

So look, we saw this week how tariffs, the stock market inflation are all interconnected,

a really dramatic fashion this week with all these trade deals, inflation numbers.

Let's look at these separately at first.

The first thing we saw is the big trade deal with China hammered out by Treasury Secretary

Scott Bessent.

What did we see there?

Is this a good deal for the United States?

Well, I would say it's a step in the right direction.

Honestly, it feels a bit of an overreach to call it a deal. This is basically rolling back some,

but not all, of the escalation in terms of tariff rates that we've seen for the last several

weeks since April 2nd. And it essentially is an agreement not so much to do anything concrete but to continue talking.

So again, that's a step in the right direction. I don't mean to poo-poo it and say this represents

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