Larry Kudlow: China is Our Major Enemy and Their Economy is Collapsing

China's Untrustworthy Nature

• 🇨🇳 China is a dictatorship that can never be believed or trusted, according to the speaker.
• 🤝 Despite US officials meeting with Chinese counterparts to deescalate trade tensions, President Trump is maintaining a hard line on tariffs.

Failure to Adhere to Trade Deals

• 📉 The Chinese government has never adhered to the phase one China trade deal and has double-crossed the US on issues like fentanyl.
• 🚫 They have also reneged on commodity purchase deals for farming and manufacturing.

China's Economic Collapse

• 📊 Beijing has stopped publishing hundreds of statistics, including unemployment and land sales, indicating their economy is collapsing.
• 📉 Trump's tariffs are making China's economic situation worse, leading to factory worker protests over unpaid wages and factory closures.
• 🏭 An estimated 16 million jobs could be at stake in China.

US Trade War Strategy

• 🎯 The American trade war with China is a war against their government, not the Chinese people.
• 💰 The US is China's best customer, and with 145% tariffs, China cannot sell much to the US, indicating they need the US more.
• 🔒 Issues like denying market access, intellectual property theft, and forced technology transfer remain unresolved.