Valuetainment - April 22, 2025


＂This Scares The CRAP Out Of China＂ – JD Vance & Modi's U.S. - India Trade Deal THREATENS China


Episode Stats


Length

12 minutes

Words per minute

190.36992

Word count

2,417

Sentence count

255

Harmful content

Misogyny

3

sentences flagged

Hate speech

8

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Trade deal between the United States and India is a big deal. We talk about what it means and how it could impact the economy and the stock market. We also talk about the impact of the trade deal and how that could affect the Chinese economy.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 What the president and the administration is doing, which is the right thing to do,
00:00:04.420 is they're saying, look, you can take your time all you want.
00:00:08.040 We're going to the one country that you probably don't want to see be the next China, which is India. 0.99
00:00:14.400 And here's what just happened. This is how long ago, Rob? Was it this morning?
00:00:18.720 Yeah, I think so.
00:00:19.800 Yeah, April 22nd, 8.03 a.m. it was posted.
00:00:22.380 Go for it. Go for it. Watch this, folks.
00:00:23.760 As many of you are aware, both of our governments are hard at work on a trade agreement built on shared priorities,
00:00:31.460 like creating new jobs, building durable supply chains and achieving prosperity for our workers.
00:00:37.800 In our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points.
00:00:43.960 And we are especially excited to formally announce that America and India have officially finalized the terms of reference for the trade negotiation.
00:00:52.540 I think this is a vital step.
00:00:55.200 Thank you.
00:01:00.320 I believe this is a vital step toward realizing President Trump's and Prime Minister Modi's vision,
00:01:06.580 because it sets a roadmap toward a final deal between our nations.
00:01:11.160 As many of you are aware...
00:01:12.120 You can pause it right there. Tom, how important is this?
00:01:14.140 Excuse me?
00:01:14.600 How important is this?
00:01:15.580 This is really important, because I think what he's saying when he says the points of reference,
00:01:19.620 I think what he's saying is basically LOI.
00:01:23.460 Here's a letter of intent.
00:01:24.400 It's not a contract, but it's a letter of intent.
00:01:26.580 And inside the letter of intent, it says, OK, these are the five things that we're going to work through.
00:01:31.820 So basically, that's a big deal.
00:01:34.200 To say that we've...
00:01:36.360 Because, you know, they get together, they stand in front of the flags, and they say,
00:01:40.860 boy, what a productive day.
00:01:42.220 Nice to see you.
00:01:43.040 Nice to see you as well.
00:01:44.200 Do you like the gift?
00:01:44.900 I love the gift.
00:01:45.620 Thank you very much.
00:01:46.500 Love the beef jerky.
00:01:48.300 Thank you so much.
00:01:49.380 And thank you very much for the curry.
00:01:51.040 And you know they do that, and it's kind of just a handshake and back and forth.
00:01:54.640 This seemed, and you heard the people applauding, very specific.
00:01:57.940 I talked to the Prime Minister.
00:01:59.420 We've got points of reference.
00:02:01.000 So to me, it's like an LOI that says, hey, guys, we're around first base, and we know
00:02:06.120 exactly what we're going to be talking about, and we know exactly where we're going to go.
00:02:10.740 And when trade deals enter negotiation phases, usually what they do is they mutually pull
00:02:16.620 the heat off each other.
00:02:18.160 Like when two countries are at war, they say, we're going to have a ceasefire, and our guys
00:02:23.600 and your guys are going to meet in Geneva, Switzerland, and we're going to talk about it.
00:02:27.820 You know what I'm talking about?
00:02:28.480 They have a little ceasefire.
00:02:29.680 That's how usually international deals happen.
00:02:33.100 So likewise, they usually turn down the heat on it.
00:02:36.100 I think the market is probably going to like this today because the poor stock market is
00:02:41.800 bouncing like a yo-yo on sentiment.
00:02:44.320 Yeah.
00:02:44.520 So I asked the question, how is this impacting?
00:02:47.580 Rob, can you go to Chad GPD, type in, how are the tariffs impacting Chinese manufacturing?
00:02:52.240 Just type that in.
00:02:53.120 It's funny you're saying that, Pat.
00:02:54.020 I saw a tweet by Mario Nafalma, I'm looking for right now, on how, we're talking about
00:02:58.460 us, right?
00:02:59.060 You're nailing it.
00:02:59.540 China is not doing well right now.
00:03:01.440 Factories are closing.
00:03:03.040 It's hitting the fan over there as well.
00:03:04.740 People think it's all good.
00:03:06.000 That's right.
00:03:06.340 And that's a great point.
00:03:07.180 So it says, Zhejiang, province factory closure, okay?
00:03:12.440 Over 50% of export-oriented factories in Zhejiang, a major manufacturing hub, are expected to
00:03:18.040 halt production temporarily following the imposition of 145% U.S. tariffs.
00:03:24.000 Many companies are extending their labor holidays indefinitely due to a sharp decline in U.S.
00:03:29.340 orders.
00:03:30.620 Okay?
00:03:30.780 And then this continues, by the way.
00:03:32.200 It's not getting any prettier.
00:03:35.860 Let me see what this other region is.
00:03:37.320 Give me one second.
00:03:38.180 Let me see this one here.
00:03:41.260 Yeah, many companies.
00:03:42.140 Plastic manufacturing sector risk.
00:03:43.700 Chinese plastic plants face potential shutdowns as tariffs have disrupted the imports.
00:03:49.500 U.S. ethane, a critical raw material for plastic production.
00:03:52.980 The increased costs and supply chain disruptions have made operations unsustainable.
00:03:59.200 U.S. companies shifting production.
00:04:02.520 David's bridal reduced China's based production from over 50% to 30%, shifting operations to
00:04:09.840 countries like Sri Lanka, Vietnam, and India.
00:04:13.960 So companies are moving away from China to places like Sri Lanka, Vietnam, and India.
00:04:18.960 And then Stanley's Black & Decker decreased reliance on China manufacturing from 40% to 15% over
00:04:26.740 the past seven years, planning future reductions and reallocating productions to other parts
00:04:32.580 of Asia and possibly Mexico.
00:04:33.840 Now, keep in mind, we can talk like this and be like, oh, my God, China's struggling.
00:04:38.140 They're going through a hard time.
00:04:39.100 They're going to have to do a deal.
00:04:40.720 They're going to have to.
00:04:41.180 Nobody knows.
00:04:41.960 Because in China, their media is saying U.S. is getting destroyed.
00:04:45.980 The Chinese media is saying U.S. economy is in shambles.
00:04:49.740 They don't know how they're going to handle it.
00:04:51.240 They need China. 0.69
00:04:52.280 The same thing Americans are saying is the same thing the Chinese are saying about how 0.98
00:04:56.440 the U.S. economy is in shambles right now.
00:04:58.440 Tom, thoughts?
00:04:59.400 Yeah.
00:04:59.700 Well, and I'll tell you, the India thing, we talk about sentiment.
00:05:02.900 The market opened one minute ago.
00:05:04.680 It's 931, right?
00:05:06.280 So S&P 500 up 55.
00:05:08.820 Dow up 400.
00:05:11.000 NASDAQ up 190.
00:05:12.860 Excuse me, 182.
00:05:13.800 Just moving right here live.
00:05:14.980 So it's an early bounce.
00:05:17.400 The day is young.
00:05:18.260 There's a lot of things that happen in the market.
00:05:19.960 But the market is jumping a bit on sentiment.
00:05:22.640 And you've got to believe that hearing about India is part of this because it calms the
00:05:26.960 market.
00:05:27.620 The market just wants to know everything's going to be OK and things are going to come
00:05:31.300 down a little bit.
00:05:31.900 And I think that, you know, the volatility that's out there right now, we have the volatility
00:05:37.080 of words.
00:05:39.600 What do you mean?
00:05:40.820 Well, the volatility of words.
00:05:42.040 Was that the end of the sentence?
00:05:42.300 Yeah, the volatility of words that go back and forth that causes the market to get a
00:05:47.340 little concerned.
00:05:48.800 And then, you know, people are making research.
00:05:51.480 And Wall Street Journal today, as Adam pointed out, saying, hey, this could be the worst April
00:05:55.580 since the Great Depression.
00:05:56.860 That's a fair headline based on historical facts.
00:05:59.640 But those words make the market nervous.
00:06:02.260 But trade deals, you know, are are things that now go the other way and will calm calm the
00:06:08.880 market.
00:06:09.100 But we need we need more days like this morning.
00:06:11.640 Well, it's very hard to compete with China just because they cheat. 0.98
00:06:17.020 You know, China is the world's warehouse that makes everything.
00:06:21.680 And we've been shipping away manufacturing jobs for a few decades now.
00:06:25.960 You know, how many times you look at any good you buy and it says made in China, made in
00:06:30.300 China, made in China. 0.88
00:06:31.520 You even see videos of like people trying to call Trump out for things in Trump MAGA world
00:06:37.060 that are made in China.
00:06:38.340 I don't know what the validity of that, but they're like this factory of a billion plus
00:06:42.260 people that just never sleeps.
00:06:43.480 And it's very hard for smaller countries or even America to compete with these people
00:06:49.220 when you have low costs.
00:06:52.060 They're they're cutting out competitors, undercutting competition there.
00:06:57.560 The the CCP is heavily subsidizing many of these industries, just like Trump did with some
00:07:02.720 of the farmers and some industries here.
00:07:04.420 They pay low wages.
00:07:05.800 They have zero environmental regulation.
00:07:08.120 They have low standards for the workplace.
00:07:09.780 They don't give a shit if kids are working and chopping off fingers. 1.00
00:07:13.560 They don't care.
00:07:14.540 They don't care about their people.
00:07:15.600 All they care about is keeping the CCP in power, which leads me to the final point.
00:07:19.740 We covered this on the town hall, the live podcast we did the other day where you have
00:07:24.280 Xi right now, where China was alienated just a short six, 12 months ago.
00:07:30.580 Now she's going on.
00:07:31.760 What do they call it?
00:07:32.280 Like this charm offensive going around the world.
00:07:35.340 Hello.
00:07:35.880 Good to see you.
00:07:36.840 Vinny said he wouldn't eat Chinese food for the next six to 12 months.
00:07:39.460 And I'm not.
00:07:40.200 Exactly.
00:07:41.120 So the guy on whatever, there was like one of their foreign ministers, whatever it was
00:07:45.720 talking about, calling us peasants.
00:07:48.500 I would whoop his ass.
00:07:49.040 So China was alienated.
00:07:51.080 Now they're sort of back in the fold.
00:07:52.440 They're kind of playing with a little house money right now.
00:07:56.480 The bottom line is it's going to be very hard to decouple from China. 1.00
00:08:00.160 It's not like we're just going to cut off all our manufacturing.
00:08:02.200 We have very cheap labor and cheap goods that came from China.
00:08:05.480 I don't think these jobs are necessarily coming back to America.
00:08:07.940 So Trump needs to navigate this relationship with caution.
00:08:11.800 But Americans, and this is the real question, are Americans willing to go through some pain
00:08:16.080 to stop that shit?
00:08:17.600 Because guess what, Adam?
00:08:18.440 You nailed it.
00:08:19.320 Kids labor, like slave labor camps for kids to have cheaper phones. 0.86
00:08:23.280 If you're really about people and you're really about America and you care about the
00:08:26.480 children, then we need to break off and it's going to hurt. 0.99
00:08:29.100 And I'm just, I'm one of those Americans that's America first.
00:08:30.960 And guess what?
00:08:31.500 If I have to pay a little bit more and not to deal with these, you know, what's, then so
00:08:34.720 what I say all the time is I believe the children are the future.
00:08:37.620 I know.
00:08:38.180 You teach them well and let them lead the way.
00:08:40.200 By the way, when you're saying that, when you're saying that, okay, and we can say that,
00:08:45.680 but there's a lot of people that can't, don't have that luxury.
00:08:49.840 There's a lot of people that are four weeks away from shutting down their businesses.
00:08:53.160 There's a lot of people that are two weeks away, six weeks away.
00:08:56.540 They're very scared.
00:08:57.580 There's a lot of scared people in America today.
00:08:59.860 Okay.
00:09:00.680 And you know who the scared people are?
00:09:02.480 Here's a crazy stat for you to be thinking about.
00:09:06.520 In 19, I want to say 40, 82% of all jobs in America were created by small business owners.
00:09:14.460 Okay.
00:09:15.640 And that's 1940s.
00:09:17.560 About 40, 20 years ago, it was 55%.
00:09:21.800 Now it's 45%.
00:09:23.760 So the number of jobs being created by small business owners is getting less and less.
00:09:30.260 And the more the jobs are being created by who?
00:09:33.040 The big companies.
00:09:33.740 The government or the big companies?
00:09:34.420 No, no, big companies.
00:09:35.060 Okay, gotcha.
00:09:35.660 So small business owners, companies with less than 100 employees.
00:09:38.000 It used to be 82% that would employ the American people, right?
00:09:40.980 But now we're relying on these behemoth companies.
00:09:43.120 Of course.
00:09:43.540 You need the small business owners to stick around.
00:09:45.940 You need the small business owners to have a fighting chance.
00:09:49.140 You need the small business owners that risk their savings, their 401k, their,
00:09:52.320 they take some crazy risk to get a business going just because they have a small dream
00:09:57.260 or maybe some of them have a big dream.
00:09:58.620 So we have to understand that it is very valid the pain that they're going through.
00:10:03.620 And if you're a business owner out there, I feel your pain that you're going through.
00:10:09.360 When you're in it, it absolutely sucks.
00:10:11.860 There's nothing like it when you're going through it.
00:10:14.500 It's so scary.
00:10:16.340 Anxiety at night, fighting with your wife and kids, fighting with your husband,
00:10:20.620 trying to take your kids out of private school, can't pay $1,500, you're back three months
00:10:24.540 because you're trying to put the money in the business.
00:10:26.680 We're going through it.
00:10:27.820 However, I'm still optimistic that they're going to accelerate this process
00:10:32.580 and get the negotiation going.
00:10:34.660 I'm still optimistic.
00:10:36.040 And I think if we are able to get India to scare the crap out of China a little bit 1.00
00:10:41.940 that can go away from you, this is good.
00:10:44.660 They need a little bit of good news.
00:10:46.360 I had no idea what was going to happen with the Yetis. 0.99
00:10:48.960 I had no idea.
00:10:49.520 When our team said, Pat, they're not going to last.
00:10:52.660 Like this, all of it was gone.
00:10:54.920 Next thing you know, we were swamped by messages of, Pat, can we get additional Yetis to do
00:10:59.940 collaboration with Value Tim and the Future Looks Bright?
00:11:02.820 The next one is here.
00:11:04.180 Now, keep in mind, these will go very fast.
00:11:06.100 Rob, if you want to play this clip, we got different ones.
00:11:08.420 These are based on what many of you guys asked.
00:11:10.900 This is the Future Looks Bright Yeti, whether it's a pink one, whether it's the red one,
00:11:15.220 whether it's the Tiffany blue or the white.
00:11:19.080 These seems to be, this one seems to be, it's sick.
00:11:21.820 It's absolutely sick.
00:11:23.580 Yeah.
00:11:23.740 Or even a smaller one that you got.
00:11:25.680 And on top of this, Rob, if you can also go to the website, there are, I think it's
00:11:30.720 10 coolers that we got.
00:11:32.700 A couple of people asked for coolers.
00:11:33.760 Only 10?
00:11:34.040 I just got 10 of them.
00:11:34.860 We're like, let's just see if there's a market for it.
00:11:36.320 I guarantee you that they'll be gone before we're out of the episode.
00:11:38.000 They asked.
00:11:38.700 I said, let's get 10 and let's see how it does.
00:11:40.780 Those are sick.
00:11:40.960 Look at that.
00:11:41.280 Look how sick that is.
00:11:42.120 With Future Looks Bright right on top of it.
00:11:43.580 That's so badass.
00:11:44.180 So, vtmerch.com, go place your order.
00:11:46.560 Be the first to get it because these things will go very quickly.
00:11:51.420 Again, it is limited supply and they're absolutely sick.
00:11:56.520 When you go to work and you have this vitamin logo and the Future Looks Bright, it looks insane.
00:12:00.320 Okay.
00:12:00.800 Again, go to vtmerch.com, place your order with the Yeti collaboration.
00:12:04.780 If you enjoyed this video, you want to watch more videos like this, click here.
00:12:07.760 And if you want to watch the entire podcast, click here.
00:12:12.120 Bye.
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