China Trade War: Trump’s Deal Changes Everything (or Nothing?) w/ Brad Setser

What really happened in Trump’s latest “deal” with China? In this episode, global trade expert Brad Setser breaks down the high-stakes handshake between the U.S. and China, and reveals why it might not be the win it’s being sold as. From rare earth retaliation to weaponized tariffs and Apple’s unintended role in building China’s industrial dominance, this one peels back the curtain on the most important economic rivalry of our time. ~~~~~ 📚 Helpful Resources 📚 🥛 There’s no AI bubble and the bull rally isn’t over 🤖 https://milkroad.com/macro/there-s-no-ai-bubble-and-the-bull-rally-isn-t-over/?utm_medium=social&utm_source=youtube_organic&utm_campaign=pod-nov11mc ~~~~~ 💰 Institutional grade research (priced for everyday people), that doesn’t require a masters degree to understand: https://milkroad.com/subscribe/checkout/macro/?utm_medium=social&utm_source=youtube_organic&utm_campaign=pod-nov11mc 🥛 Get smarter about investing with our free newsletters (Crypto, Macro, AI): https://milkroad.com/subscribe/?utm_medium=social&utm_source=youtube_organic_macro&utm_campaign=pod-nov11 ⛓️ Swap seamlessly across Ethereum and Solana with Milk Road Swap. Lower fees, easier trades: https://swap.milkroad.com/?utm_medium=social&utm_source=youtube_organic ~~~~~ ✊ Follow Milk Road Macro on Social Media: 👉 Milk Road Macro Twitter: https://x.com/MilkRoadMacro 👉 Spotify: ⁠https://open.spotify.com/show/0QRuoqgBXmSqtjtY0WDVrE 👉 Apple Podcast: ⁠https://podcasts.apple.com/us/podcast/milk-road-macro/id1828927405 ~~~~~ 🎙 GUEST INFO 🎙 Brad Setser: https://x.com/Brad_Setser ~~~~~ ⏱ TIME POINTS ⏱ 00:00 - Intro 01:35 - Background: US-China Trade Relations Before the Trade War 06:22 - How Apple Helped Build China’s Manufacturing Dominance 15:18 – Trump’s Trade War: Liberation Day Tariffs and Initial Impact 24:17 – The Limitations of Tariffs and the Importance of Currency Strength 32:56 - What the Trump Administration Could Do to Strengthen the Yuan 37:02 – Insights on the Latest US-China Trade Deal and Its Implications 43:33 - What Comes Next for the U.S.–China Relationship 47:48 – The AI Race and Its Impact on US-China Economic Competition 52:50 - Wrap Up #macro #china #tarrifs 📃 Disclaimer 📃 The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal, or tax advice. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. The speakers are not licensed financial advisors or registered investment advisors. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses. The speakers do not guarantee any specific outcome or profit. Viewers should consult with a qualified financial professional before making any investment decisions.