Trump Admits He's Given Up Trying To End His Trade War With China

During a speech in Arizona this week, Donald Trump admitted that he is no longer "talking to China" and that he just doesn't want to talk to them right now. What this means is that the country isn't giving into his demands, and he's never been willing to budge, so the trade war will continue to drag on needlessly and endlessly. Ring of Fire's Farron Cousins explains what this will do to the economy.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

In case anyone has forgotten. We are still in the middle of Donald Trump's ridiculous and needless trade war with China. And as the president announced to a crowd in Arizona earlier this week, he's not talking to China anymore. In fact, there is no progress being made right now at all on the trade war, because Trump says he doesn't feel like it. Here's the exact quote from the president of the United States. I canceled talks with China. I don't want to talk to China right now. Canceled talks with China. I don't want to talk to China right now. We're dealing with a middle schooler who thinks that, uh, you know, China was his girlfriend, but she sat next to a different guy at lunch. So he broke up with her and he's not even talking to him right now. I only want to, I can't even handle this. I can't believe she would sit next to that other guy instead of me. Oh my God. I hate her so much.

Holy hell folks. Like I don't think enough people appreciate the fact that for three years, we have been involved in this trade war that was started because the president is complete idiot and he doesn't know what the hell he's doing. He doesn't know what the hell he's talking about. And now in the middle of an economic recession, he is sitting here saying, I don't want to talk to him. I'm not doing it. I'm not going to talk to him anymore. I canceled it. I don't care. We're spending billions of dollars every year to bail out American farmers who are still going bankrupt at an alarming rate because of this trade war. China has not even as part of their foods. One started rebuying American goods. So nothing's changed. The only thing that's changed with phase one is that they're trying to crack down on intellectual property theft.

Uh, so I mean, I guess that's a positive, but really wasn't, you know, a, um, something that was affecting our daily lives through us, the trade war is, and Trump just said, screw it. I'm done. I don't, I don't care. I'm mad at China. If anybody has a right to be mad, it actually is China right now. And I'm not saying I'm taking their side on this thing. But, uh, with the racist attacks that the president has lobbed against them trying to call it the China virus and the, you know, blaming them for everything, accusing them of things that, you know, he has no evidence to back up. Yeah. I'd say they have a right to, to be the ones to say, I canceled the talks, but it's Trump. He treats him like crap. And then has the audacity to say, I don't want to talk to you anymore.

Fair enough. But here's the thing. This is not a country that can be bullied into doing what you want them to do. This. Isn't a business deal where you're trying to gobble up a much smaller competitor. And so you can push them around. You can bully them around and you can try to give them the short end of the stick. China's a very strong superpower, just like us. We're essentially on an even playing field here.