Friday, October 31, 2025

Trump is losing the Trade War on China which he started.

 

Trump is losing the trade war with China - which he started!

Oct 31, 2025
Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political economist Ben Norton explains how Trump's tariffs have hurt American workers, especially farmers, while China advances as a new technological and manufacturing superpower. Topics 0:00 Trump's meeting with Xi Jinping 1:07 China successfully defends itself 2:58 China is a new "economic superpower" 4:04 This is a one-year "tactical detente" 4:47 Details of Trump-Xi agreement 6:20 Trump undoes "self-inflicted" damage 7:02 Scott Bessent claimed China had "losing hand" 7:40 China is less dependent on US economy 8:24 Analyzing US-China trade 9:59 USA is dependent on Chinese tech 11:06 China is a manufacturing superpower 12:08 China's domestic revenue vs exports 13:43 Bipartisan US trade war 14:30 One-year trade truce 15:40 US midterm elections coming up in 2026 16:12 Poll: Republicans (and Dems) are unpopular 16:48 Trump's low approval rating of 39% 17:27 US consumers pay for Trump's tariffs 18:54 Inflation and US economic problems 20:58 US manufacturing jobs decline 22:32 Soybean war: Trump's tariffs hurt farmers 24:38 China buys soybeans from Latin America 25:25 Trump's bailout of farmers 27:24 China's rare earth dominance 28:58 US industry needs China's rare earths 30:40 Chip war: US semiconductor restrictions 31:54 China develops domestic chip industry 33:40 China's new 5-year plan pushes tech 34:31 Made in China 2025 industrial policy 35:45 China leads in critical technologies 37:22 China's "technological self-reliance" 38:25 USA is losing trade war 39:25 Outro || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Subscribe to our newsletter: https://GeopoliticalEconomy.Report Join us at Patreon:   / geopoliticaleconomy  

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Geopolitical Economy Report

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90 Comments

Eng Lam Yeo
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"We're not losing to China, We've lost." -- Bill Maher
18
Ben, many thanks, for the truth and facts. You are a true humanitarian with a true moral compass.
18
As a Mainland Chinese citizen, I support our government buying some more American soybeans, after all, it was these farmers, who supported and voted for our Comrade Trump, which made what would take us ten or twenty years to bring down the US Empire at least half way shorter, we shall and should not fail them! And thank you! Comrade T! Salute!
5
Trump is by far the stupidest person ever elected to any office in the history of the world. Edit: The worst part about the farmers is they keep losing market share that they will never get back.
7
Ben is able to speak Chinese fluently now after about 2 years studying in China, 加油加油
6
This won't hold off for a long time. In a month or two, Trump will bring some clown show or say something to provoke Chinese. Everything will fall off. Mark my words. American hegemony always double down. there is no going back from any of this. World is ready to trade between themselves without western financial system. At least, they can easily avoid dealing with a bully.
27
Trump is a complete moron and way out of his depth.
39
The American king, Donald Trump, can only bully the European Queen, Ursula von der Leyen.
4
Mister Ben_Norton, I thank you for your excellence. You’re a living legend !
5
The white dog kneel down before the chinese dragon 😂😂😂
8
I hope China still keeps the restriction on those critical rare earth minerals that are used to build military weapons. It's okay to export those needed for medical purposes, but not for military purposes!!☮️🌏🇨🇳
2
so how many knees did trump get on 😂
6
China put the US on ‘probation’ to see if we can play nice or keep being an ass to the world.
4
Greetings from Mauritania ❤
9
"18th &19th century were of Britain,20th century was of US and 21st Century will be of China."- an audience from India(Rival country of China)
5
THE GREAT DR. BEN 10!
❌"Trade war is easy to win." - Trump ❌"Mexico will pay for the wall." - Trump ❌"China pays for the tariff." - Trump ❌"I will end the Ukraine war in 24 hours." - Trump ❌"Xi is my good friend." - Trump ❌"Putin is my good friend." - Trump ✔According to US MSM figures on US tariff against China: 51% paid for by US companies, 37% paid for by American consumers.
2
No rare earth for US Neocons = No World War 3 = World Peace and Harmony = Multipolar Era = Multipolar World... Go China, Russia, Iran, North Korea, BRICS and SCO ✌️✌️✌️✌️✌️✌️✌️✌️✌️✌️✌️✌️✌️
1
Asia is so done with Trump. 🤦🏻‍♂️
1
Unfortunately, the Russian war has handcuffed the EU to the US. The EU was naive to put their trust in the US and Russia since the end of the Cold War.
1
Excellent Analyses
Well analyzed as always 👏👏👏👍👍👍🙏🙏🙏🙋🏻‍♂️🎊🎉
Western politicians are learning a valuable lesson, that most leaders care dearly about the well-being of their countries more than wealth and profits.
Killing the country
5
DJ Trump created problems and fixed his own problems!
1
Soy bean move is genius. US gave money support Agentina soy bean. China know it, now they want to buy from US. So, what happen to $20B Trump gave to Agentina😂😂😂
2
As if China was ever going to give in to Trump's "US demands".
1
0:11 Wow Ben pronounced Xi's name like a boss. 🙌🙌
11
Time will tell, years of corruption.
China holds a losing hand? China isnt playing Bluff Poker but Wei-Qi. 😂😂😂😂😂😂😂😂
Good. Rationed / renewal year on year approval like a parent dishing out allowance see how many wars USA can support.
1
The grocery stores have cops working full time now.
4
People are still denying.
Hope China go into Pharmaceutical
1
But why Trump is surrounded by cabinet of people who have no clue about what is happening around in this world.
1
Looks like trump has been listening to Reagan's Radio Address to the Nation on Free and Fair Trade
1
So can all other countries place retaliatory tariffs now?
1
US gov finally realised they were not the center of the universe 😂
Melania's Alpha Female Queen Tariffs On Boomerang Effect Yuan ⬆️ Euro ⬆️ Dollar ⬇️
1
Great China! Why not resume pumping rare earth minerals to the bully to elevate it’s MIC and terrorise the global majority even more!
Tarrifs are the sick man's tool, a government directly robbing money from others, to do what it wants not for its people, but for its corporates, its corporate socialism....
"one economy to rule them all" AKA ...how the nazis won WW2.
The Biden administration handled the recovery of covid masterfully. They got the exact outcome they were seeking. To launder much taxpayer money to themselves and their rich donors as possible
Trade war is a huge distraction. They are installing the surveillance state as we speak.
They lost and they will do it again. That's just how Donald and his buddies doing this for decades
Maybe the us is trying to buy time to try and secure avenues for obtaining rare earths.
the US is a wannabe country run by competing oligarchs so it can’t direct and plan an economy. china is an actual country which can direct and plan its economy toward progress.
It seems like Trump takes lessons in foreign policy that cost billions each.
Sorry but "1 year Truce" is a band-aide and scary actually (each is preparing once this is done v. say it to each other's face).😏 🤔
Trump...."We will sanction you" Xi....."We will turn America into a wasteland" Trump...."Consider the sanctions removed" 🤣🤣🤣
The old dog barks but have no teeth.
length is 39:39 this confirms ben norton is a hatsune miku fan
And the highest tech that in avuation and military Americans don’t even have, and what they have thsy produce with imported components or outsource. It’s Russians who have the most advanced aviatikn and military technology, and they give it to the Chinesse people who don’t have any of that, almost entirely for free. Interesting times.
Didn't brexit create the global inflation? Or had a big role in it?
The democratic party is such a failure , they are too corrupt to counter message , because they are guilty of similar things.
@7:12 How come this Bessant is a millionaire?? He does NOT seem very intelligent to me. The things that come out of his mouth are so amusing.
China can withstand this trade war much longer than the US can. China has every resource at its disposal to weather this storm.
Pres Donald Some
Trumpf will lead an interesting end of life....
Trump coin will save US financial system😂
Thank you Ben. Extremely Disingenuous.
Literal soyboy twists Trump's arm (again)
Hardly. He will print dollars endlessly, and make the US colonies pay, which they will happily do - and China just secured the US to stay afloat, instead of destroying the country that want China destroyed. Either BRICS is severely pressed, or deeply asleep at the wheel - probably both.
2
Trump is an idiot.
. (?) did Ĉîɴạ take a knee 2 Dictator.Trump ! î feel she did ! #RareEarthz {17937} î thought, go'ng in... Ĉîɴạ 'held ALL the Cardz'; now î feel DUPED ! ...but, î haveNt seen Ĉîɴạ'z statement yet
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