A 30-year-old speech on trade resurfaces — and it could’ve been delivered yesterday. Co-hosts Joseph Gradante, AJ Giannone, and Tyler Goering react in real time to a vintage clip of Nancy Pelosi criticizing US-China trade relations and unpack how little has changed. We explore the persistent economic asymmetry between China and the United States, from trade deficits to technology transfers. We also break down Trump’s trade strategy, why it may be the right medicine at the right time, and how sudden macroeconomic policy shifts ripple through the markets, even as we are recording.

Key Takeaways:

(01:27) Nancy Pelosi’s 1990s stance on China’s MFN status feels eerily relevant today.

(07:10) Trump’s trade policy mirrors Pelosi’s old position, suggesting bipartisan concern.

(08:32) The parties have flipped roles in trade policy, but billionaires always win.

(15:20) America’s consumer base remains its biggest bargaining chip.

(17:21) The political class benefits while the people fight each other.

(20:43) Policy — not ideology — is the path to equitable economic outcomes.

(24:00) Staying invested is key; pulling out during volatility means missing rallies.

(25:52) Smart investing means buying low, not chasing highs.

Resources Mentioned:

Joseph Gradante

https://www.linkedin.com/in/yoda-josephgradante/

AJ Giannone

https://www.linkedin.com/in/agiannone-cfa/

Tyler Goering

https://www.linkedin.com/in/tyler-goering-cfa/

Nancy Pelosi Speech on China Trade

https://usinfo.org/wf-archive/2000/000217/epf406.htm

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