US and China agree to slash tariffs, markets surge
The Daily Article
The Denison Forum
4.9 • 576 Ratings
🗓️ 12 May 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
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After weekend talks in Geneva, the US will drop its tariff on China from 125 percent to 10 percent; China will do the same. The reductions will last for ninety days as the two sides begin further negotiations. There are two types of news in circulation: headlines that affect all of us and those that affect a portion of us. However, there’s a forgotten third category in the news, one that you and I overlook to our peril and that of our nation.
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Transcript
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| 0:00.0 | Good day and welcome. It's Monday, May the 12th, 2025. I'm Chris Elkins of the Denison |
| 0:08.2 | Forum, narrating today's daily article written by co-founder and CEO, Dr. Jim Denison. |
| 0:16.5 | Today's news, like every day's news, fits into two categories. First, there are stories that are |
| 0:22.6 | relevant to everyone reading this article. This morning's announcement that the U.S. and China |
| 0:27.6 | will suspend most tariffs is an example. After weekend talks in Geneva, the U.S. will drop |
| 0:33.8 | its tariff on China from 125% to 10%. China will do the same. The reductions will last |
| 0:41.8 | for 90 days as the two sides begin further negotiations. At this writing, stocks are surging |
| 0:48.4 | around the world on the announcement. Since the economy obviously affects all of us, the news is significant for all of us. |
| 0:56.7 | Second, there are stories that are only relevant to a portion of us. Some examples. A Soviet |
| 1:03.3 | spacecraft crashed back to Earth Saturday. Because it plunged into the Indian Ocean and not |
| 1:09.5 | on your house, you are likely reading |
| 1:11.7 | this news with only passing interest. |
| 1:14.9 | America's largest cities are sinking due to groundwater extraction. |
| 1:19.0 | You probably want to know if your city is on the list before deciding how much you care. |
| 1:24.9 | A supercomputer has predicted the exact year life on our planet will end. |
| 1:30.5 | Unless you plan to be living on Earth in the year one billion, 2021, you are presumably not alarmed. |
| 1:39.4 | However, there's a forgotten third category in the news, one that you and I overlooked to our peril and that of our nation. |
| 1:47.4 | I was reading Isaiah 5 over the weekend and found some statements that seemed as relevant to our culture as if they were written yesterday. |
| 1:56.3 | For example, the Lord pronounced in verse 8,e on greedy people who join house to house, who |
| 2:03.6 | add field to field until there is no more room, and in verse 11 on those who rise early in |
| 2:09.8 | the morning that they may run after strong drink, but in verse 12, do not regard the deeds of the |
| 2:16.6 | Lord. A few verses later, this warning in verse 20 |
... |
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