Donald Trump took a trip to China to meet President Xi Jinping. He was joined by the CEOs of a dozen top US corporations, including billionaires Elon Musk, Jensen Huang of Nvidia, Tim Cook of Apple, Larry Fink of BlackRock, and Stephen Schwarzman of Blackstone. Ben Norton explains how Beijing won the trade war that was started by Washington, how China has significant leverage (with manufacturing, supply chains, critical minerals, and rare earths), and how the US economy is in a very bad state. Topics 0:00 Trump’s visit to China 0:27 US trade war backfired 1:25 Trump joined by top CEOs 1:56 Elon Musk 2:20 Jensen Huang of Nvidia 2:47 Tim Cook of Apple 2:58 BlackRock and Blackstone 3:22 More CEOs with Trump 4:17 US CEOs meet Xi Jinping 5:31 USA is an oligarchy 6:23 China’s massive market 6:57 Nvidia lost Chinese market 8:02 China’s self-sufficiency drive 9:15 Manufacturing superpower 10:50 Tesla EVs made in Shanghai 11:25 US tariffs on Chinese EVs 12:21 China has the upper hand 13:00 US trade war 14:42 China-US trade 16:08 Rare earth elements 17:07 Critical minerals 18:18 New supply chain efforts 18:59 Pax Silica 19:41 Why US rhetoric changed 20:40 Iran war 22:51 US sanctions on China 24:20 Inflation in USA 25:41 Trump is very unpopular 26:33 K-shaped economy 27:25 Inequality 28:05 China exported deflation 29:31 US tariffs boost inflation 30:27 China in stronger position 31:07 Outro || Geopolitical Economy Report || Please consider supporting us at https://geopoliticaleconomy.com/Support Subscribe to our newsletter: https://geopoliticaleconomy.report/ Join our community on Patreon: https://patreon.com/GeopoliticalEconomy

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