After Donald Trump imposed 145% tariffs on China, he was forced to issue exemptions for Chinese made cellphones, computers, semiconductors, and other electronics, because the deindustrialized US can't make them. Trump's huge trade war immediately failed, demonstrating that China is much stronger economically than the USA thinks. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=w6t1oQ5G668

Topics

0:00 Trump's trade war

0:45 Exemptions for Chinese electronics

1:56 China's trade with USA

2:27 Myth of US reindustrialization

3:26 Goals of tariffs

4:40 Lack of industrial policy

5:49 Trump's tariff exceptions

9:14 Trump begs Xi Jinping to call him

9:56 (CLIP) Howard Lutnick on China

10:12 China and Vietnam boost ties

11:28 China's economic strength

13:51 Airliners

16:05 Semiconductors

19:15 AI

20:47 China's technological development

22:43 Backfiring on US economy

23:43 Luxury goods

25:09 China's exports

27:13 China holds more cards than USA

29:22 US Treasury securities (bonds)

30:35 US unipolarity is over

31:20 Multipolarity

32:24 Outro