BONUS POD: Tariff Turnaround-Understanding Trump's Reset on U.S. Trade

in just a moment. Up next, what happened in the China trade deal that affecting every American. It's the forty seven morning update, and it starts right now, story number one, doom and gloom. That's what the media wanted you to believe that idea would not be done even this year with China. Well, guess what the White House and now and say significant breakthrough in trade negotiations with China, marking a positive step forward resolving the ongoing trade tensions between

the two nations. When did this happen? After two days of constructive talks in Geneva, the US Treasury Secretary Scott Descent and the Trade Representative Jamison Greer reported substantial progress and discussions with Chinese Vice Premiere, and both sides of express optimism about the outcome. I want you to hear what the Treasury Secretary had to say after the meeting on Sunday.

constructive two days. It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought. That being said, there was a lot of groundwork that went into these two days. Just remember why we're here in the first place in the United States, as a massive

one point two trillion dollar trade deficit. So the President declared a national emergency and imposed tariffs, and we're confident that the deal we struck with our Chinese partners will help us to resolve work towards resolving that national emergency.

to American businesses. Chinese officials also echoing this sentiment, describing the talks as candid and constructive and highlighting the establishment of a new consultation mechanism for ongoing economic dialogue quote unquote. Now, the announcement has already had a positive impact on the financial markets as well, stock futures rising and the US dollars strengthening against other currencies. This development is seen as a hopeful sign for American farmers, retailers, and consumers who

have been affected by the tariff escalations. Further details of the agreement are expected to be disclosed in a joint statement today, which will provide more insight into the specific measures agreed upon to ease trade tensions and foster economic cooperation between the US and China. If there's one thing that's very clear now, Donald Trump really is the best negotiator in the world. And this will make the media and liberals lose their mind because they don't really care

about Americans. They care about Donald Trump being a failure at all costs, and yet again he proved them wrong.

that made all of this possible. White House Press Secretary Caroline Levey saying it this way to Fox News.

American made products and goods. And they also agreed to continue seriously discussing the grave impact that Chinese produced fetanol is having right here in the United States and our people. So this is a great first step for the American public, and Secretary Best, Ambassador Greer, and of course President Trump will continue to goias with China so we can hopefully inevitably get to a fair and comprehensive, big trade deal.

access for American exports. You've just heard the White House say that on TV. Today. The United States issued the first joint statement on trade in many years with China

after successfully negotiating over the weekend in Geneva, Switzerland. The White House says, quote, Both parties affirm the importance of the critical bilateral economic and trade relationship between both countries and the global economy, saying this, for far too long, unfair trade practices and America's massive trade deficit with China have fueled the offshoring of American jobs and the decline

of our manufacturing sector. In reaching an agreement, the White House says, the United States and China will each lower their tariffs by one hundred and fifteen percent, while retaining an additional ten percent tariff. Other US measures will remain in place. Both sides will take these actions by May fourteenth of twenty twenty five, this trade deal is a win for the United States, demonstrating President Donald Trump's unparalleled

expertise in securing deals that benefit the American people. Then the White House said this the Chinese action, saying quote, China will remove the retaliatory tariffs in announced since April the fourth, and will also suspend to remove the non tariff countermeasures taken against the United States since April the second. China will also suspend its initial thirty four percent tariff of the United States that it announced on April fourth for ninety days. It will remain at ten percent tariff

during the period of the pause. And then they say, under American action, the United States will remove the additional tariff it imposed on China on April eighth and April ninth, but will retain all duties imposed on China prior to April second, including Section three h one tariffs, Section two thirty two tariffs, and tariffs imposed in response to the FETNYL National Emergency Invoke pursuant to the International Emergency Economic

Powers Act, and also the most Favored Nation's tariffs. They went on to say the United States will suspend their thirty four percent reciprocal tariff impose on April second for ninety days, and the ten percent tariff that will remain in place is set for a fair baseline that encourages domestic production, strengthens our supply chains, and ensures that American trade policy supports American workers first, instead of undermining them

them by imposing reciprocal tariffs. President Trump is ensuring our trade policy works for the American economy and addresses our national emergency brought on by our growing and persistent trade deficits, and levels the playing field for American workers and our producers. Unlike previous administrations, the White House said President Trump took a tough, uncompromising stance on China to protect American interests and stop unfair trade practices. They also said this is

working towards a rebalancing. When these changes come into effect, the White House says both nations agree to establish a mechanism to continue important discussions about trade economics. The US goods trade deficit with China was two hundred ninety four billion in twenty twenty four, the largest with any trade partner.

This agreement works towards addressing these imbalances to deliver real, lasting benefits to American workers, American farmers, and American businesses, the White House saying this finally, as our nations continue these discussions. China will be represented by he lefing the Vice Premier of the State Council. The United States will be represented by Scott Pascent, the Secretary of Treasury, and

Jasmine Greer, United States Trade Representative. They also said addressing the fetanyl crisis is the most important matter as well as the United States and China will take aggressive action to stem the flow of fetanol and other precursors from

China to elicit drug production in North America. If you look at what the President has been able to do in just the last couple of days, here it is, in just seven days, President Trump has secured a historic UK trade deal, a massive China trade deal, the release of an American hostage, the ceasefire with India and Pakistan,

the ceasefire with the Huthis. And this is exactly what so many Americans voted for, and Donald Trump paying off on his promise to put Americans first and protecting all of us.