Jon Herold tackles the rapidly unfolding global trade war and financial shakeups in a packed Wednesday edition of The Daily Herold. With Trump’s 104% tariffs on Chinese goods now in effect, China retaliates with 84% tariffs of its own. Jon breaks down the global fallout, from Kevin O'Leary's call for 400% tariffs to Scott Bessent’s insight on China’s economic vulnerability, and explains how Trump is using U.S. leverage to force other nations to pressure China economically.

The episode also explores the strange behavior in U.S. bond markets, rising interest rates despite recession fears, and whether foreign governments are dumping treasuries in retaliation. Jon questions whether this is a coordinated economic war, and what Trump's endgame might be.

He also digs into the shocking data on illegal immigrants receiving Social Security numbers, Medicaid, and even casting votes in U.S. elections. Meanwhile, Tim Pool drops a bombshell about his off-the-record meeting with Netanyahu, revealing the Israeli PM’s quiet push to influence American podcasters.

Jon roasts Kristi Noem for staging a raid for social media clout, calls out the collapse of CISA’s election influence apparatus, and reviews Trump’s newest deregulation blitz, targeting energy, coal, and state overreach. A federal judge rules the AP’s exclusion from White House events violated the First Amendment, and the IRS continues its leadership exodus amid scandals over illegal data sharing with DHS.

All this while Trump’s executive orders stack up and his agenda is only beginning to take shape. With economic brinkmanship, constitutional conflict, and narrative warfare all in motion, Jon Herold makes one thing clear: we’re deep in the storm, and just getting started.