Donald Trump's trade war went nuclear, hitting China with 145% tariffs, aimed at economic decoupling. This is already backfiring on the US economy, which is heavily reliant on Chinese imports. The volatility also fueled a crisis in the bond market, with Treasury yields rising. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=u9k7132Iyeo

Trump advisor reveals tariff strategy - Force countries to pay tribute to maintain US empire: https://www.youtube.com/watch?v=VnajhDMAWVA

Topics

0:00 Economic war

0:51 Tariffs of 145% on China

1:56 China defends itself

2:41 Decoupling

3:49 (CLIP) Howard Lutnick attacks China

4:14 Scott Bessent on China

4:48 US trade with China

7:05 USA will lose trade war

8:02 China's manufacturing dominance

9:47 China's trade

10:33 High risk

11:35 Trump's arrogance

12:06 (CLIP) Trump: countries are "kissing my ass"

12:18 Mafia behavior

13:02 US empire demands tribute

13:35 (CLIP) Stephen Miran: US demands tribute

13:59 Threatening the world

15:55 China stands up

16:34 Trump admin's China hawks

17:47 (CLIP) Marco Rubio on new cold war

18:30 Biden admin targeted China too

20:01 US bond market shock

21:39 Treasury note yields

25:01 Interest payments on US national debt

26:05 Hedge fund margin calls

28:35 Trump's billionaires

28:53 Elon Musk

29:42 Bill Ackman

29:59 Jamie Dimon

30:35 Market manipulation?

32:21 Trump meme coins

32:58 Outro