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China is putting on a clinic right now in standing up against Donald Trump. They are checkmating him over and over again and humiliating him in public. They've got a multi-pronged strategy to checkmate him. On the retaliatory tariff side, China's raised their retaliatory tariffs to 125%, effectively shutting down the China's market. United States goods and products so that's step one then on the public relations side of things they are just continuing to mock the United States with
memes and on social media. They're putting out this AI footage of overweight Americans in factories, putting together iPhones as The Trump regime says that he wants Americans to start building and assembling iPhones and things like that. And then on the diplomatic side of things.
China's been reaching out to former allies of America, and they've been building relations there, trying to open free trade agreements, for example, with Europe, the China electric vehicle manufacturer BYD, for example, we've seen their shares, their stock surge. and China's BYD now gaining a foothold in Europe, which used to be
kind of the home where Teslas would thrive. See you later, Teslas. People are not buying those. BYD, a car that many people actually say is superior, but had previously been prevented based on regulatory. machinations in Europe and the United States. China's been doing this, I think, in a very smart and sophisticated way. You have Xi Jinping kind of inspired by Sun Tzu's The Art of War, Donald Trump, The Art of the Deal, which he didn't even write.
which we know from Donald Trump's past is bankrupting essentially everything that he touches. So let's just go through this one by one methodically. And let me just give you the data points. So we know that China raised its retaliatory tariffs on the U.S. goods to 125 percent. China's leader Xi Jinping put out a message. We're not afraid. We'll go until the end. We're not going to go out and reach out to Donald Trump at all. We're not going to beg. China's a proud country.
The statement that was also issued from China's foreign ministry is, quote, given that the current tariff level U.S. exports to China are no longer even commercially viable. China's not going to respond to any further tariff hikes by the U.S. on Chinese goods. China's Ministry of Finance said in a statement to the media on Friday. Let me give you some additional data points though here. Here is China's foreign ministry spokesperson or Ministry of Foreign Affairs.
I want you to listen to what he says as he announces the 125% tariff on U.S. goods. Let's play it. I want to emphasize that there are no winners in tariff wars and trade wars. China is unwilling to fight, but is also not afraid to fight. I want to emphasize, if the US really wants to resolve issues through dialogue and negotiation, they should stop the extreme pressure and reckless actions. China has never bought into that. Any dialogue must be based on equality, respect and reciprocity.
If the United States insists on engaging in a tariff and trade war China will certainly see it through to the end. China is a responsible country. Our countermeasures against the United States bullying are to safeguard our legitimate rights and interests, uphold international rules and order. protect the common interests of countries worldwide and maintain international fairness and justice. yielding and compromising in the face of American bullying and overbearing behavior.
leaves nowhere. And I think there's a number of data points from this well-known China analyst and business person, Victor Gao. saying that China will fight to the very end in any trade war after Trump hit China with 145 percent tariffs. Play this clip. China is fully prepared to fight to the very end because the world is big enough.
that the United States is not the totality of the market in the world. So if the United States wants to go in that direction of completely shutting itself out of the China market, be my guest. Yeah, and China will lose the U.S. market, which, as I've said, is 15%. We don't care. We don't. We don't care. China has been here for 5,000 years. Most of the time, there was no United States, and we survived.
And if the United States wants to bully China, we will deal with the situation without the United States. And we expect to survive for another 5,000 years. Here's Gao again saying that China will never kiss Trump's ass. Let's play it. just a few hours ago that countries are calling up. Many countries are calling up. He used the phrase, kissing my ass. Would China ever do that? And that is the most demeaning thing for a president of a country to say about his counterparts in other countries.
Therefore, I think President Trump should really learn how to be a better president for the United States. The United States has always claimed to be the leader of So many countries all of the world, as they claim, try to be a better leader rather than throwing huge wedges into other countries trying to break their spirits. and claiming victory, whereas there is no victory, because such activities will only create resentment.
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Get peace of mind now at HomeTitleLock.com, promo code MIDAS, or click the link in the description. That's HomeTitleLock.com, promo code MIDAS. And here Victor Gao talks about building relations with Europe. And also what I like that Victor Gao says here is he goes, look, why don't we just view this just based on the facts and evidence and view it dispassionately, he says. He goes, look.
We are supporting a free trade. That's what he's saying. I just want you to see, you know, whether you believe that China is doing this or not. The problem is if you're trying to say that you want to create deterrence against China's expansion. It sounds a whole lot more rational than what Trump is spewing. And that's a problem if you believe that there's an adversarial trade relationship between the United States and China.
Trump is opening up this kind of gaping hole in leadership for China to fill this void, both in terms of the expansion of the BRICS block, but also China reaching out to. Canada, Australia, which they're doing, Europe and elsewhere and saying, you can't rely on them. We want to step in. Let's figure out how to work together. So what Victor Gao says here is he's like, look.
We support free trade. We support sovereignty of nations. We're not going to tariff you. We only want to be supportive. On the other hand, you've got Trump behaving like a bully. Just listen for yourself. Play this clip. I think the choice is not between China or the United States. The real choice is between whether the United States is doing the right thing or the wrong thing, or whether China is doing the right thing or the wrong thing.
In this case of global tariff war launched by the United States against the rest of the world, the United States is doing the wrong thing. There are all the evidences to prove it, and China is the major stabilizing force in the world, promoting what? Promoting free trade, promoting protection, the international trading order.
So I think the choice is quite clear. Regardless of what EU or Europe will do, China will continue to do the right thing. That is to stand up firm and to strike back at the wrongful deeds of using tariff as a weapon against so many other countries. So I think without Europe, China will continue to do the right thing. I think China and Europe are really resizing up each other.
And we are talking about whether we can sign up the comprehensive agreement of investment. There are even talks about maybe it is time for China and Europe to start the process of discussing the agreement. of a free trade between China and EU. And EU recently made a decision to abandon the so-called tariffs against the China-made EV car.
and they want to set up a minimum price for the China-made EV car in the European market. So I think the signs are very encouraging. China and EU, or China and Europe, should not view each other as enemies. We should become real partners to get things done for mutual benefit. As I mentioned, China and Europe growing closer together. Great work, Donald, making that happen. European tourism to the United States is free falling. Remember I said this is...
We, of course, know about the Canadian boycott of all things American and boycott of tourism. And I said what Canada is doing there is going to spread. It's going to spread to Europe. I said they're going to do the boycotts in Europe also. Just watch. And that's what we're seeing happen right now. Europe boycotting tourism to the United States and also like not just because the United States has declared trade wars, you know, on them, but also because it's dangerous.
You go to the United States, you may end up in an ICE detention center or be sent to El Salvador without due process at all. i showed you before that china's commerce ministry said that the United States has become a joke. The ministry said Washington's repeated use of excessively high tariffs has become a little more than a number game, economically meaningless and revealing its use of tariffs.
as a tool of bullying and coercion. Also, U.S. told China, can you please have Xi Jinping call Donald Trump? Trump is caving left and right. He's begging for a call. Like a desperate person, as Geiger Capital puts, it doesn't have to be one gender or the other. And then I told you about the Chinese officials trolling Trump with memes as the US tariff battle with China rages. It's less of a battle and more of China clobbering the United States right now.
There's images like this. This is China's attitude. Chinese netizens mock U.S. tariffs with memes. You see there Trump and Musk. And J.D. Vance and that AI meme, this Make America Great Again hat made in China that's going to cost way more money. Here's China's meme war with the U.S. US after Trump to make America strong again. Apple made in the USA. As this account Adam puts it, the Chinese are trolling America with memes.
on America re-industrialization. The Chinese embassy in the US are posting videos of Ronald Reagan. Why don't I leave you with this as well, though? This is... This is the CEO of Apple, of course. And here he talks about. why Chinese labor and why it's such a reliable market. He goes, because the labor is smart.
There's a confusion about China, and let me at least give you my opinion. Their popular conception is that companies come to China because of low labor costs. I'm not sure what part of China they go to, but the truth is... stopped being the low labor cost country many years ago the reason is because of the skill the quantity of skill in one location and the type of skill it is like the products we do require really advanced tools
And the precision that you have to have in tooling and working with the materials that we do are state of the art. And the tooling skill is very deep here. You know, in the U.S. you could have a meeting of tooling engineers and I'm not sure we could. fill the room in china you could fill multiple football fields it's that vocational vocational expertise is very deep very very deep here well let me know what you think right there
Anyway, hit subscribe. Let's get to 5 million subscribers and thanks for watching. New Midas. At BP, we've reset our strategy to grow value for shareholders. Growing upstream, focusing downstream, playing to our strengths. and disciplined investment in the transition. This is a Reset BP. Find out more at BP.com forward slash reset. Transition activities such as EV charging, bioenergy and renewable. are a much smaller but key part of our business.