What the Hell Is Going On: WTH Is Going on With Trump’s China Deal? Scott Lincicome Explains.

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Ricochet

Politics, News

4.4 • 652 Ratings

🗓️ 20 November 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

For Donald Trump, China has served as a major justification for economic protectionism, highlighting our dependencies and need to onshore products with national security implications. But that’s the talk. The reality is more dismal: a less-than-hawkish trade deal this month, with tariffs that seem to isolate allies and, inversely, reshore production on China’s mainland. For […]

Transcript

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0:00.0	This podcast is brought to you by the American Enterprise Institute.
0:03.1	If you like what you hear, please subscribe, rate, review, and share.
0:07.1	Thanks for listening. Here's our show.
0:08.7	What the hell is going on?
0:10.5	What's really going on?
0:12.0	We said, what the hell happened?
0:13.5	You don't have to know what the hell is on it.
0:15.6	They see what's going on.
0:16.7	I don't know what's going on.
0:18.0	What is going on?
0:20.0	We must find out what's going on. What is going on? We must find out what is going on.
0:29.5	Hi, I'm Danielle Plattka.
0:31.4	And I'm Martisan.
0:32.6	Welcome to our podcast.
0:34.1	What the hell is going on?
0:36.4	Mark, what the hell is going on? What the hell is going on is
0:40.5	Trump has announced a trade deal with China and it's a placeholder deal because it kicks the can
0:46.8	down the road a year. But it's sort of leveled up to the surface some of the contradictions
0:52.0	in our trade policy more broadly. We are lowering tariffs on China.
0:58.0	Again, this is a one-year deal, so this is not the permanent policy, but we're lowering tariffs on
1:01.8	China, but we've simultaneously, we have raised tariffs on all of the countries to whom we have
1:09.9	told our businesses, you should make stuff there instead
	...

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