Donald Trump took a trip to China to meet President Xi Jinping. He was joined by the CEOs of a dozen top US corporations, including billionaires Elon Musk, Jensen Huang of Nvidia, Tim Cook of Apple, Larry Fink of BlackRock, and Stephen Schwarzman of Blackstone.

Ben Norton explains how Beijing won the trade war that was started by Washington, how China has significant leverage (in manufacturing, supply chains, critical minerals, and rare earths), and how the US economy is in a very bad state.

VIDEO: https://www.youtube.com/watch?v=y7MnTzKOANg

Topics

0:00 Trump's visit to China

0:27 US trade war backfired

1:25 Trump joined by top CEOs

1:56 Elon Musk

2:20 Jensen Huang of Nvidia

2:47 Tim Cook of Apple

2:58 BlackRock and Blackstone

3:22 More CEOs with Trump

4:17 US CEOs meet Xi Jinping

5:31 USA is an oligarchy

6:23 China's massive market

6:57 Nvidia lost Chinese market

8:02 China's self-sufficiency drive

9:15 Manufacturing superpower

10:50 Tesla EVs made in Shanghai

11:25 US tariffs on Chinese EVs

12:21 China has the upper hand

13:00 US trade war

14:42 China-US trade

16:08 Rare earth elements

17:07 Critical minerals

18:18 New supply chain efforts

18:59 Pax Silica

19:41 Why US rhetoric changed

20:40 Iran war

22:51 US sanctions on China

24:20 Inflation in USA

25:41 Trump is very unpopular

26:33 K-shaped economy

27:25 Inequality

28:05 China exported deflation

29:31 US tariffs boost inflation

30:27 China in stronger position

31:07 Outro