0:00
the bitter trade war between the US and
0:02
China briefly receded from view with
0:04
Easter and then all eyes on the Vatican
0:06
and then it looked like a trade war was
0:09
deescalating with the Treasury Secretary
0:11
Scott Besson saying that it was
0:12
unsustainable and that he expects it to
0:15
tone down by itself trump even suggested
0:18
the tariffs on China could come down but
0:20
now the heat has been switched back up
0:23
with Beijing attacking Trump for
0:25
groundless claims that trade talks are
0:28
progressing and suggesting that a deal
0:30
is not far off trump said on Wednesday
0:32
that the administration is actively
0:34
discussing a new trading arrangement
0:36
with China adding that everyone wants to
0:38
be a part of what we are doing he told
0:40
reporters that the ball is in Beijing's
0:42
court and that a deal depends on them a
0:45
spokesperson for China's commerce
0:47
ministry has hit back saying that there
0:49
are no economic and trade negotiations
0:51
currently ongoing between DC and Beijing
0:54
and that any claims of progress in China
0:57
US economic and trade negotiations are
0:59
baseless rumors without factual evidence
1:02
the S&P 500 index has seen a significant
1:05
rally since the suggestions the trade
1:07
war is cooling down but markets could be
1:09
easily spooked again if USChina
1:11
relations dip back down to the low
1:13
points we've seen in the last few weeks
1:16
and meanwhile new rifts have opened up
1:18
following the Russian missile attack on
1:20
the Ukrainian capital of Kev last night
1:23
which killed eight people the US
1:25
president took to Truth Social earlier
1:27
today to say "I am not happy with the
1:29
Russian strikes," criticizing the bad
1:31
timing but all the while Trump
1:33
reportedly wants to formally recognize
1:36
Russia's seizing of Crimea and block all
1:39
future Ukrainian membership of NATO not
1:42
to mention the US wouldn't be involved
1:44
in any security guarantee that would be
1:46
down to Europe kharma the UK prime
1:48
minister has stayed firmly on Ukraine's
1:50
side even as he pushes for a trade deal
1:52
with the US he said that the attacks are
1:55
a reminder that Russia is the aggressor
1:57
here emanuel Macron the French president
1:59
has said that Putin must stop lying so
2:02
Trump is trying to seize control of the
2:04
narrative again and double down on the
2:06
kind of bread and butter issues that won
2:08
him the election in the first place he's
2:10
posted on Truth Social that the price of
2:12
eggs is down 87% but based on analysis
2:16
from USA Today's money section they've
2:18
actually risen since Trump took over
2:20
back in January this is all a reminder
2:22
that Trump's grip on the geopolitical
2:25
narrative is never quite as total as he
2:28
might hope and to quote his own Treasury
2:30
Secretary "This chaos might well be
2:33
unsustainable for the US economy in the
2:35
long term." For everything you need to
2:36
know about this story as it develops
