[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.08,0:00:05.52,Default,,0000,0000,0000,,To win the trade war, the \NCCP just needs one thing.
Dialogue: 0,0:00:05.52,0:00:07.76,Default,,0000,0000,0000,,Welcome to China Uncensored. I’m Chris Chappell.
Dialogue: 0,0:00:07.76,0:00:10.86,Default,,0000,0000,0000,,The US-China trade war has been going on for \Nthree weeks now,
Dialogue: 0,0:00:10.86,0:00:12.56,Default,,0000,0000,0000,,and you know what that means.
Dialogue: 0,0:00:12.56,0:00:14.32,Default,,0000,0000,0000,,It’s time to panic!
Dialogue: 0,0:00:14.32,0:00:19.60,Default,,0000,0000,0000,,If you go on X, you’ll see posts with millions \Nof views claiming that US ports are empty.
Dialogue: 0,0:00:19.60,0:00:22.16,Default,,0000,0000,0000,,That there are zero cargo ships.
Dialogue: 0,0:00:22.16,0:00:26.08,Default,,0000,0000,0000,,That you should panic buy rice and toilet paper.
Dialogue: 0,0:00:28.48,0:00:31.02,Default,,0000,0000,0000,,Yes! Finally! My time has come!
Dialogue: 0,0:00:31.02,0:00:35.37,Default,,0000,0000,0000,,I’ve \Nbeen hoarding toilet paper since 2020.
Dialogue: 0,0:00:37.76,0:00:41.04,Default,,0000,0000,0000,,It’s made living in New York \NCity slightly challenging.
Dialogue: 0,0:00:41.04,0:00:42.74,Default,,0000,0000,0000,,But it’s all worth it now.
Dialogue: 0,0:00:42.74,0:00:45.36,Default,,0000,0000,0000,,Time to sell it all for profit!
Dialogue: 0,0:00:45.36,0:00:47.68,Default,,0000,0000,0000,,Wait, what’s that, Shelley?
Dialogue: 0,0:00:47.68,0:00:49.44,Default,,0000,0000,0000,,None of that is true?
Dialogue: 0,0:00:50.00,0:00:54.56,Default,,0000,0000,0000,,Ports are not empty, and there are \Ndefinitely cargo ships heading to the US.
Dialogue: 0,0:00:54.56,0:00:57.23,Default,,0000,0000,0000,,And people should not panic buy \Nrice,
Dialogue: 0,0:00:57.23,0:00:59.36,Default,,0000,0000,0000,,which is grown in America,
Dialogue: 0,0:00:59.36,0:01:04.56,Default,,0000,0000,0000,,or toilet paper, which is made in America.
Dialogue: 0,0:01:04.56,0:01:08.56,Default,,0000,0000,0000,,Fine, fine.
Dialogue: 0,0:01:08.56,0:01:11.17,Default,,0000,0000,0000,,I guess if you start seeing toilet paper \Nshortages,
Dialogue: 0,0:01:11.17,0:01:12.72,Default,,0000,0000,0000,,that’s not because of the trade war,
Dialogue: 0,0:01:12.72,0:01:16.40,Default,,0000,0000,0000,,that’s because people got freaked \Nout by stupid social media posts.
Dialogue: 0,0:01:16.40,0:01:19.76,Default,,0000,0000,0000,,The vast majority of food \Nshouldn’t be affected, either.
Dialogue: 0,0:01:19.76,0:01:22.32,Default,,0000,0000,0000,,If you panic buy anything, \Nit should probably be things
Dialogue: 0,0:01:22.32,0:01:25.44,Default,,0000,0000,0000,,like back-to-school supplies \Nand Christmas decorations.
Dialogue: 0,0:01:25.44,0:01:28.08,Default,,0000,0000,0000,,I’m not saying there won’t be shortages of \Nmade in China stuff.
Dialogue: 0,0:01:28.08,0:01:29.68,Default,,0000,0000,0000,,There probably will be,
Dialogue: 0,0:01:29.68,0:01:31.92,Default,,0000,0000,0000,,but we won’t see that in stores \Nfor weeks,
Dialogue: 0,0:01:31.92,0:01:33.64,Default,,0000,0000,0000,,or even months down the line.
Dialogue: 0,0:01:33.64,0:01:36.71,Default,,0000,0000,0000,,Chinese products will also get more \Nexpensive.
Dialogue: 0,0:01:36.71,0:01:38.80,Default,,0000,0000,0000,,But we don’t know how expensive.
Dialogue: 0,0:01:38.80,0:01:43.36,Default,,0000,0000,0000,,There’s a lot of uncertainty right \Nnow, and a lot of fearmongering.
Dialogue: 0,0:01:43.36,0:01:45.29,Default,,0000,0000,0000,,Which is great for the Chinese \NCommunist Party.
Dialogue: 0,0:01:45.29,0:01:49.52,Default,,0000,0000,0000,,Because they need the Trump administration to back down on tariffs.
Dialogue: 0,0:01:49.52,0:01:53.76,Default,,0000,0000,0000,,And if the CCP can convince Americans they \Nshould hate the tariffs,
Dialogue: 0,0:01:53.76,0:01:55.84,Default,,0000,0000,0000,,they might have a shot.
Dialogue: 0,0:01:55.84,0:01:58.90,Default,,0000,0000,0000,,I’ll tell you why the CCP wants this so badly \Nin a minute.
Dialogue: 0,0:01:58.90,0:02:02.41,Default,,0000,0000,0000,,But first, you know YouTube has been soft censoring this channel
Dialogue: 0,0:02:02.41,0:02:05.84,Default,,0000,0000,0000,,, but you can \Nsubvert YouTube’s censorship by subscribing
Dialogue: 0,0:02:05.84,0:02:07.98,Default,,0000,0000,0000,,to our free weekly newsletter.
Dialogue: 0,0:02:07.98,0:02:11.50,Default,,0000,0000,0000,,Each newsletter \Nhas links to all our episodes each week,
Dialogue: 0,0:02:11.50,0:02:14.52,Default,,0000,0000,0000,,plus extra analysis you won’t see anywhere else—
Dialogue: 0,0:02:14.52,0:02:16.02,Default,,0000,0000,0000,,and \Nit’s free.
Dialogue: 0,0:02:16.02,0:02:18.32,Default,,0000,0000,0000,,Sign up now. The link is below.
Dialogue: 0,0:02:18.32,0:02:21.15,Default,,0000,0000,0000,,Ok, so the CCP wants the US to lower their \Ntariffs.
Dialogue: 0,0:02:21.15,0:02:23.81,Default,,0000,0000,0000,,Because if the tariffs continue at this level,
Dialogue: 0,0:02:23.81,0:02:28.40,Default,,0000,0000,0000,,China is going to \Nbe much worse off than the US.
Dialogue: 0,0:02:28.40,0:02:30.99,Default,,0000,0000,0000,,Yes, US consumers will feel some pain.
Dialogue: 0,0:02:30.99,0:02:33.84,Default,,0000,0000,0000,,But \Nlike I explained in a previous episode,
Dialogue: 0,0:02:33.84,0:02:37.60,Default,,0000,0000,0000,,China now more than ever depends on exports
Dialogue: 0,0:02:37.60,0:02:40.72,Default,,0000,0000,0000,,to \Nkeep its economy going and people employed.
Dialogue: 0,0:02:40.72,0:02:44.39,Default,,0000,0000,0000,,That’s because the Chinese real estate market \Nhas already collapsed.
Dialogue: 0,0:02:44.39,0:02:47.72,Default,,0000,0000,0000,,And that’s the other major driver of the Chinese economy.
Dialogue: 0,0:02:47.72,0:02:52.32,Default,,0000,0000,0000,,So they \NNEED to export stuff. That’s all they have.
Dialogue: 0,0:02:52.32,0:02:55.60,Default,,0000,0000,0000,,Now, Goldman Sachs estimates that US tariffs
Dialogue: 0,0:02:55.60,0:03:00.24,Default,,0000,0000,0000,,could endanger 16 million export jobs in China.
Dialogue: 0,0:03:00.24,0:03:02.56,Default,,0000,0000,0000,,And that’s probably on the low end.
Dialogue: 0,0:03:02.56,0:03:05.76,Default,,0000,0000,0000,,In a trade war, the country \Nthat’s the bigger exporter
Dialogue: 0,0:03:05.76,0:03:07.38,Default,,0000,0000,0000,,will generally be hit harder.
Dialogue: 0,0:03:07.38,0:03:09.36,Default,,0000,0000,0000,,And that’s China.
Dialogue: 0,0:03:09.36,0:03:11.89,Default,,0000,0000,0000,,Chinese workers are in even more trouble
Dialogue: 0,0:03:11.89,0:03:15.20,Default,,0000,0000,0000,,because \NChina’s been fighting deflation for years.
Dialogue: 0,0:03:15.20,0:03:18.08,Default,,0000,0000,0000,,China’s economy is in a deflationary spiral.
Dialogue: 0,0:03:18.08,0:03:23.04,Default,,0000,0000,0000,,That’s when prices fall, which means \Ncompanies can’t afford to pay people as much,
Dialogue: 0,0:03:23.04,0:03:24.26,Default,,0000,0000,0000,,so wages fall.
Dialogue: 0,0:03:24.26,0:03:27.28,Default,,0000,0000,0000,,And that means \Npeople don’t want to buy stuff,
Dialogue: 0,0:03:27.28,0:03:31.54,Default,,0000,0000,0000,,so consumer demand falls, which means prices \Nfall even further.
Dialogue: 0,0:03:31.54,0:03:33.44,Default,,0000,0000,0000,,And it keeps on going.
Dialogue: 0,0:03:33.44,0:03:37.92,Default,,0000,0000,0000,,China’s been fighting deflation ever since \Ntheir disastrous Zero Covid policy.
Dialogue: 0,0:03:37.92,0:03:42.32,Default,,0000,0000,0000,,Turns out it's hard for businesses to survive when \Neveryone is locked inside their apartments.
Dialogue: 0,0:03:42.32,0:03:45.04,Default,,0000,0000,0000,,The real estate crisis also made deflation worse,
Dialogue: 0,0:03:45.04,0:03:47.20,Default,,0000,0000,0000,,because people’s savings were wiped out.
Dialogue: 0,0:03:47.20,0:03:50.56,Default,,0000,0000,0000,,And a bunch of people lost their jobs, too.
Dialogue: 0,0:03:50.56,0:03:54.64,Default,,0000,0000,0000,,The New York Times talked to a guy who \Nwas a construction worker and a plumber.
Dialogue: 0,0:03:54.64,0:03:56.80,Default,,0000,0000,0000,,“When times were good, Mr. Wang said,
Dialogue: 0,0:03:56.80,0:04:00.72,Default,,0000,0000,0000,,he could make as much as $13,600 a year.
Dialogue: 0,0:04:00.72,0:04:03.52,Default,,0000,0000,0000,,Now he’s lucky if he can make half that.”
Dialogue: 0,0:04:03.52,0:04:05.01,Default,,0000,0000,0000,,Think about that for a second.
Dialogue: 0,0:04:05.01,0:04:10.24,Default,,0000,0000,0000,,Even during \Nthe good times, his income was several thousand dollars
Dialogue: 0,0:04:10.24,0:04:12.71,Default,,0000,0000,0000,,below the poverty line in the \NUS.
Dialogue: 0,0:04:12.71,0:04:15.28,Default,,0000,0000,0000,,Now he’s not even making half of that.
Dialogue: 0,0:04:15.28,0:04:17.53,Default,,0000,0000,0000,,So China’s economy is on shaky ground.
Dialogue: 0,0:04:17.53,0:04:19.84,Default,,0000,0000,0000,,And tariffs are making things worse,
Dialogue: 0,0:04:19.84,0:04:22.72,Default,,0000,0000,0000,,by endangering more Chinese jobs.
Dialogue: 0,0:04:22.72,0:04:25.24,Default,,0000,0000,0000,,But the Chinese Communist Party is digging in.
Dialogue: 0,0:04:25.24,0:04:28.80,Default,,0000,0000,0000,,And they’re really good at narrative warfare.
Dialogue: 0,0:04:28.80,0:04:32.73,Default,,0000,0000,0000,,I’ve shown you why China is going to be hit \Nharder by tariffs than the US.
Dialogue: 0,0:04:32.73,0:04:37.20,Default,,0000,0000,0000,,So the trick is, the CCP needs to make Americans THINK
Dialogue: 0,0:04:37.20,0:04:40.72,Default,,0000,0000,0000,,they’re \Nthe ones who will be hit harder instead.
Dialogue: 0,0:04:40.72,0:04:44.51,Default,,0000,0000,0000,,And to do that, the CCP is relying on the perception
Dialogue: 0,0:04:44.51,0:04:47.81,Default,,0000,0000,0000,,that Chinese people can \Neat bitterness,
Dialogue: 0,0:04:47.81,0:04:49.76,Default,,0000,0000,0000,,but Americans can’t.
Dialogue: 0,0:04:49.76,0:04:53.19,Default,,0000,0000,0000,,Eating bitterness is the Chinese term for \Nenduring hardships.
Dialogue: 0,0:04:53.19,0:04:54.72,Default,,0000,0000,0000,,Basically, suffering.
Dialogue: 0,0:04:54.72,0:04:56.80,Default,,0000,0000,0000,,Chinese leader Xi Jinping has repeatedly told
Dialogue: 0,0:04:56.80,0:05:00.88,Default,,0000,0000,0000,,the Chinese people that they need to eat \Nbitterness for the good of the nation.
Dialogue: 0,0:05:00.88,0:05:03.92,Default,,0000,0000,0000,,I talked in a previous episode \Nabout how young Chinese people
Dialogue: 0,0:05:03.92,0:05:07.68,Default,,0000,0000,0000,,don’t seem quite as willing to eat \Nbitterness as previous generations.
Dialogue: 0,0:05:07.68,0:05:10.40,Default,,0000,0000,0000,,But in narrative warfare, that doesn’t matter,
Dialogue: 0,0:05:10.40,0:05:12.38,Default,,0000,0000,0000,,as long as Americans THINK
Dialogue: 0,0:05:12.38,0:05:15.04,Default,,0000,0000,0000,,Chinese \Npeople are willing to suffer more.
Dialogue: 0,0:05:15.04,0:05:17.01,Default,,0000,0000,0000,,Which is why China’s Foreign Ministry
Dialogue: 0,0:05:17.01,0:05:20.08,Default,,0000,0000,0000,,is \Nreleasing propaganda videos like this.
Dialogue: 0,0:05:20.08,0:05:23.75,Default,,0000,0000,0000,,“History has proven compromise won’t earn you mercy
Dialogue: 0,0:05:23.75,0:05:29.12,Default,,0000,0000,0000,,. Kneeling only invites more \Nbullying. China won’t kneel down.”)
Dialogue: 0,0:05:29.12,0:05:32.51,Default,,0000,0000,0000,,The rest of the video calls America \Nan arrogant imperialist,
Dialogue: 0,0:05:32.51,0:05:35.83,Default,,0000,0000,0000,,and shows China leading the world in solidarity
Dialogue: 0,0:05:35.83,0:05:39.28,Default,,0000,0000,0000,,against America over some heroic music.
Dialogue: 0,0:05:39.28,0:05:42.09,Default,,0000,0000,0000,,The message is clearly that America is the bad guy
Dialogue: 0,0:05:42.09,0:05:45.76,Default,,0000,0000,0000,,and it better give up, because China never will.
Dialogue: 0,0:05:45.76,0:05:50.32,Default,,0000,0000,0000,,That same message is being repeated \Nin the CCP’s domestic propaganda.
Dialogue: 0,0:05:50.32,0:05:53.12,Default,,0000,0000,0000,,Earlier this week, Beijing Daily \Npublished an article called “
Dialogue: 0,0:05:53.12,0:05:57.68,Default,,0000,0000,0000,,Today, it is necessary to revisit On Protracted War.”
Dialogue: 0,0:05:57.68,0:06:01.70,Default,,0000,0000,0000,,On Protracted War was a series of speeches made by \NChairman Mao
Dialogue: 0,0:06:01.70,0:06:04.96,Default,,0000,0000,0000,,during the Sino-Japanese War in 1938.
Dialogue: 0,0:06:04.96,0:06:07.53,Default,,0000,0000,0000,,This Beijing Daily article is very \NMarxist.
Dialogue: 0,0:06:07.53,0:06:09.20,Default,,0000,0000,0000,,It blames America’s problems
Dialogue: 0,0:06:09.20,0:06:10.68,Default,,0000,0000,0000,,on the capitalist system
Dialogue: 0,0:06:10.68,0:06:13.28,Default,,0000,0000,0000,,, it talks \Na lot about dialectal materialism,
Dialogue: 0,0:06:13.28,0:06:17.44,Default,,0000,0000,0000,,and it repeatedly refers \Nto the “US-China struggle.”
Dialogue: 0,0:06:17.44,0:06:20.23,Default,,0000,0000,0000,,I’ve talked before about how “struggle” \Nor “douzheng”
Dialogue: 0,0:06:20.23,0:06:22.40,Default,,0000,0000,0000,,is the communist concept of
Dialogue: 0,0:06:22.40,0:06:28.32,Default,,0000,0000,0000,,designating an enemy and mobilizing the \Nentire society to “struggle” against it.
Dialogue: 0,0:06:28.32,0:06:30.72,Default,,0000,0000,0000,,In this case, the enemy is obviously the US.
Dialogue: 0,0:06:30.72,0:06:33.28,Default,,0000,0000,0000,,According to the article, “The \NParty Central Committee
Dialogue: 0,0:06:33.28,0:06:38.16,Default,,0000,0000,0000,,had already anticipated the long-term \Nnature of the China-U.S. rivalry
Dialogue: 0,0:06:38.16,0:06:43.12,Default,,0000,0000,0000,,and proactively laid out plans for \Nfuture major power competition.”
Dialogue: 0,0:06:43.12,0:06:46.38,Default,,0000,0000,0000,,In other words, the CCP is in it for the \Nlong haul.
Dialogue: 0,0:06:46.38,0:06:48.08,Default,,0000,0000,0000,,The gist of the article is
Dialogue: 0,0:06:48.08,0:06:51.39,Default,,0000,0000,0000,,warning that the US-China struggle will \Nnot be over quickly,
Dialogue: 0,0:06:51.39,0:06:53.40,Default,,0000,0000,0000,,but that the CCP,
Dialogue: 0,0:06:53.40,0:06:59.44,Default,,0000,0000,0000,,sorry, “the people” will ultimately \Nwin over the imperialist Americans.
Dialogue: 0,0:06:59.44,0:07:01.50,Default,,0000,0000,0000,,So that’s what the CCP is saying.
Dialogue: 0,0:07:01.50,0:07:05.44,Default,,0000,0000,0000,,But what’s \Nactually happening in China right now?
Dialogue: 0,0:07:05.44,0:07:08.29,Default,,0000,0000,0000,,Well, since it’s an authoritarian state \Nwith total control
Dialogue: 0,0:07:08.29,0:07:09.92,Default,,0000,0000,0000,,over its domestic media
Dialogue: 0,0:07:09.92,0:07:12.57,Default,,0000,0000,0000,,and a huge online censorship apparatus,
Dialogue: 0,0:07:12.57,0:07:15.52,Default,,0000,0000,0000,,we’re \Nnot going to get a totally clear picture.
Dialogue: 0,0:07:15.52,0:07:17.05,Default,,0000,0000,0000,,But we do know some things
Dialogue: 0,0:07:17.05,0:07:20.24,Default,,0000,0000,0000,,. And it \Nlooks like the CCP is saying one thing,
Dialogue: 0,0:07:20.24,0:07:23.04,Default,,0000,0000,0000,,and doing another. What a surprise!
Dialogue: 0,0:07:23.04,0:07:24.59,Default,,0000,0000,0000,,First, you know that earlier this month,
Dialogue: 0,0:07:24.59,0:07:27.92,Default,,0000,0000,0000,,the \NCCP put additional tariffs on US imports,
Dialogue: 0,0:07:27.92,0:07:29.84,Default,,0000,0000,0000,,in retaliation for US tariffs.
Dialogue: 0,0:07:29.84,0:07:33.92,Default,,0000,0000,0000,,But now, \Nit looks like the CCP is going to exempt
Dialogue: 0,0:07:33.92,0:07:35.99,Default,,0000,0000,0000,,some US products from those tariffs,
Dialogue: 0,0:07:35.99,0:07:39.68,Default,,0000,0000,0000,,because they really really need them.
Dialogue: 0,0:07:39.68,0:07:42.40,Default,,0000,0000,0000,,“Those products include certain semiconductors and
Dialogue: 0,0:07:42.40,0:07:46.16,Default,,0000,0000,0000,,chipmaking equipment, medical \Nproducts and aviation parts.”
Dialogue: 0,0:07:46.16,0:07:48.09,Default,,0000,0000,0000,,They could also exempt chemicals like ethane,
Dialogue: 0,0:07:48.09,0:07:51.20,Default,,0000,0000,0000,,which China uses to make a ton of plastics.
Dialogue: 0,0:07:51.20,0:07:52.61,Default,,0000,0000,0000,,Does that sound like a compromise,
Dialogue: 0,0:07:52.61,0:07:55.32,Default,,0000,0000,0000,,even though \Nthe CCP swore they would never do that?
Dialogue: 0,0:07:55.32,0:08:00.08,Default,,0000,0000,0000,,Yeah, they’re going to be flexible with their \Ntariffs on US goods when they need to be
Dialogue: 0,0:08:00.08,0:08:03.20,Default,,0000,0000,0000,,—but they don’t want people to know about it.
Dialogue: 0,0:08:03.20,0:08:06.88,Default,,0000,0000,0000,,In fact, Caijing Magazine, which was \Nthe first to report that China was
Dialogue: 0,0:08:06.88,0:08:08.79,Default,,0000,0000,0000,,going to exempt semiconductors,
Dialogue: 0,0:08:08.79,0:08:10.24,Default,,0000,0000,0000,,seems to have been censored.
Dialogue: 0,0:08:10.24,0:08:12.26,Default,,0000,0000,0000,,Meanwhile, Chinese export companies
Dialogue: 0,0:08:12.26,0:08:14.72,Default,,0000,0000,0000,,are trying to survive the US tariffs.
Dialogue: 0,0:08:14.72,0:08:17.95,Default,,0000,0000,0000,,Some smaller factories are temporarily pausing \Noperations
Dialogue: 0,0:08:17.95,0:08:20.08,Default,,0000,0000,0000,,or even completely shutting down.
Dialogue: 0,0:08:20.08,0:08:23.11,Default,,0000,0000,0000,,(Others are trying to get around tariffs by using \Ntransshipment—
Dialogue: 0,0:08:23.11,0:08:26.91,Default,,0000,0000,0000,,for example sending products to be assembled in countries like Cambodia
Dialogue: 0,0:08:26.91,0:08:30.56,Default,,0000,0000,0000,,and \NVietnam, which then get re-routed to the US.
Dialogue: 0,0:08:30.56,0:08:33.20,Default,,0000,0000,0000,,There are even reports of Chinese companies asking
Dialogue: 0,0:08:33.20,0:08:37.52,Default,,0000,0000,0000,,Indian exporters to fill their \Norders for their US customers.
Dialogue: 0,0:08:37.52,0:08:40.72,Default,,0000,0000,0000,,The idea is the Indian companies \Nwould fulfill the orders,
Dialogue: 0,0:08:40.72,0:08:43.28,Default,,0000,0000,0000,,and pay the Chinese companies a commission.
Dialogue: 0,0:08:43.28,0:08:47.76,Default,,0000,0000,0000,,And foreign companies are trying to move \Ntheir manufacturing out of China, too.
Dialogue: 0,0:08:47.76,0:08:51.54,Default,,0000,0000,0000,,For example, Apple is trying to \Nsource all of its US iPhones
Dialogue: 0,0:08:51.54,0:08:53.42,Default,,0000,0000,0000,,from India instead of China.
Dialogue: 0,0:08:53.42,0:08:56.56,Default,,0000,0000,0000,,And they’re \Nlooking to do it as soon as next year.
Dialogue: 0,0:08:56.56,0:08:59.52,Default,,0000,0000,0000,,The CCP isn’t a fan of that idea though.
Dialogue: 0,0:08:59.52,0:09:04.52,Default,,0000,0000,0000,,CCP officials are trying to stop Apple \Nfrom moving their iPhone manufacturing equipment
Dialogue: 0,0:09:04.52,0:09:09.04,Default,,0000,0000,0000,,out of China. Yeah, they’re \Nkind of taking machines hostage.
Dialogue: 0,0:09:09.04,0:09:10.64,Default,,0000,0000,0000,,Well, that’s awkward.
Dialogue: 0,0:09:10.64,0:09:13.84,Default,,0000,0000,0000,,Foreign clothing manufacturers are \Nalso trying to get out of China.
Dialogue: 0,0:09:13.84,0:09:16.39,Default,,0000,0000,0000,,Or even sending Chinese workers to \Nfactories
Dialogue: 0,0:09:16.39,0:09:18.40,Default,,0000,0000,0000,,in the Philippines or Vietnam.
Dialogue: 0,0:09:18.40,0:09:21.38,Default,,0000,0000,0000,,And factory owners from Hong Kong and Taiwan
Dialogue: 0,0:09:21.38,0:09:25.45,Default,,0000,0000,0000,,are trying to avoid physically being at their own factories in China
Dialogue: 0,0:09:25.45,0:09:29.28,Default,,0000,0000,0000,,, because they’re worried \Nabout being kidnapped by Chinese authorities.
Dialogue: 0,0:09:29.28,0:09:31.47,Default,,0000,0000,0000,,Ok, so forget taking machines hostage.
Dialogue: 0,0:09:31.47,0:09:34.56,Default,,0000,0000,0000,,People \Nare worried China will take people hostage.
Dialogue: 0,0:09:34.56,0:09:36.16,Default,,0000,0000,0000,,Wouldn’t be the first time.
Dialogue: 0,0:09:36.16,0:09:40.24,Default,,0000,0000,0000,,So doing business in China is like \Nstaying at the Hotel California.
Dialogue: 0,0:09:40.24,0:09:43.52,Default,,0000,0000,0000,,You can check out anytime you \Nlike, but you can never leave.
Dialogue: 0,0:09:43.52,0:09:47.38,Default,,0000,0000,0000,,Side note: I don’t know if it still is, but in \Nthe early 2000s,
Dialogue: 0,0:09:47.38,0:09:52.12,Default,,0000,0000,0000,,Hotel California was one of the most popular Western songs in China
Dialogue: 0,0:09:52.12,0:09:53.58,Default,,0000,0000,0000,,. You could \Nnot get away from it.
Dialogue: 0,0:09:53.58,0:09:56.08,Default,,0000,0000,0000,,And I have no idea why.
Dialogue: 0,0:09:56.08,0:09:57.14,Default,,0000,0000,0000,,Anyway, the point is,
Dialogue: 0,0:09:57.14,0:10:00.16,Default,,0000,0000,0000,,Chinese factories are \Ntrying to get their products out of China,
Dialogue: 0,0:10:00.16,0:10:03.84,Default,,0000,0000,0000,,and foreign companies are trying to \Nget their factories out of China.
Dialogue: 0,0:10:03.84,0:10:08.64,Default,,0000,0000,0000,,Which means, the US tariffs are…actually working.
Dialogue: 0,0:10:08.64,0:10:12.32,Default,,0000,0000,0000,,At least in terms of decoupling \NUS manufacturing from China.
Dialogue: 0,0:10:12.32,0:10:14.12,Default,,0000,0000,0000,,And that’s good news for Americans.
Dialogue: 0,0:10:14.12,0:10:17.52,Default,,0000,0000,0000,,Because \Nwe don’t want our economy to be held hostage
Dialogue: 0,0:10:17.52,0:10:22.40,Default,,0000,0000,0000,,by a regime that will…literally hold \Npeople hostage to get what they want.
Dialogue: 0,0:10:22.40,0:10:25.49,Default,,0000,0000,0000,,Especially since the CCP also sees \NAmerica
Dialogue: 0,0:10:25.49,0:10:27.84,Default,,0000,0000,0000,,as a threat to its survival.
Dialogue: 0,0:10:27.84,0:10:29.78,Default,,0000,0000,0000,,And it’s not just me saying that.
Dialogue: 0,0:10:29.78,0:10:33.04,Default,,0000,0000,0000,,Here’s \NCold War historian Professor Stephen Kotkin.
Dialogue: 0,0:10:33.04,0:10:37.58,Default,,0000,0000,0000,,“The existence of the American \Nsystem ipso facto threatens
Dialogue: 0,0:10:37.58,0:10:40.45,Default,,0000,0000,0000,,the survival of the Communist Party
Dialogue: 0,0:10:40.45,0:10:45.92,Default,,0000,0000,0000,,because it's a \Nfreer—it's an open, successful alternative.”)
Dialogue: 0,0:10:45.92,0:10:50.08,Default,,0000,0000,0000,,Kotkin goes on to say that it doesn’t \Nmatter what US policy is toward China,
Dialogue: 0,0:10:50.08,0:10:54.80,Default,,0000,0000,0000,,the CCP will always see the \NUS as standing in its way.
Dialogue: 0,0:10:54.80,0:10:58.16,Default,,0000,0000,0000,,That’s pretty clear from their \Nlatest propaganda narrative.
Dialogue: 0,0:10:58.16,0:10:59.76,Default,,0000,0000,0000,,“China won’t kneel down”)
Dialogue: 0,0:10:59.76,0:11:00.81,Default,,0000,0000,0000,,So what happens now?
Dialogue: 0,0:11:00.81,0:11:04.54,Default,,0000,0000,0000,,The CCP refuses \Nto back down, at least publicly.
Dialogue: 0,0:11:04.54,0:11:06.94,Default,,0000,0000,0000,,But companies are actually leaving China
Dialogue: 0,0:11:06.94,0:11:09.84,Default,,0000,0000,0000,,and China’s economy is getting wrecked.
Dialogue: 0,0:11:09.84,0:11:15.52,Default,,0000,0000,0000,,Can the CCP actually force people to eat \Nbitterness and ride out the trade war?
Dialogue: 0,0:11:15.52,0:11:19.33,Default,,0000,0000,0000,,Yes they can, because they’re an authoritarian state
Dialogue: 0,0:11:19.33,0:11:23.36,Default,,0000,0000,0000,,. But that doesn’t mean there \Nwon’t eventually be consequences.
Dialogue: 0,0:11:23.36,0:11:26.80,Default,,0000,0000,0000,,Look at what happened during \Nthe Zero Covid lockdowns.
Dialogue: 0,0:11:26.80,0:11:30.08,Default,,0000,0000,0000,,Eventually Chinese people reached a breaking point
Dialogue: 0,0:11:30.08,0:11:31.50,Default,,0000,0000,0000,,and started to protest.
Dialogue: 0,0:11:31.50,0:11:35.04,Default,,0000,0000,0000,,Which is the \NCommunist Party’s worst nightmare.
Dialogue: 0,0:11:35.04,0:11:37.26,Default,,0000,0000,0000,,The best case scenario for the CCP
Dialogue: 0,0:11:37.26,0:11:40.88,Default,,0000,0000,0000,,is that \Nthe US simply backs down from all the tariffs,
Dialogue: 0,0:11:40.88,0:11:43.52,Default,,0000,0000,0000,,under pressure from various interest groups.
Dialogue: 0,0:11:43.52,0:11:47.28,Default,,0000,0000,0000,,To do that, the CCP needs to convince \NAmericans that China
Dialogue: 0,0:11:47.28,0:11:49.42,Default,,0000,0000,0000,,is too strong to get hurt,
Dialogue: 0,0:11:49.42,0:11:52.40,Default,,0000,0000,0000,,and America is the one getting screwed.
Dialogue: 0,0:11:52.40,0:11:56.56,Default,,0000,0000,0000,,In other words, China needs \Nto win the narrative war.
Dialogue: 0,0:11:56.56,0:12:00.96,Default,,0000,0000,0000,,Which means these posts \Nare exactly what it needs.
Dialogue: 0,0:12:00.96,0:12:03.14,Default,,0000,0000,0000,,And unfortunately the Trump \Nadministration
Dialogue: 0,0:12:03.14,0:12:05.88,Default,,0000,0000,0000,,doesn’t seem to be doing a good job of telling Americans \N
Dialogue: 0,0:12:05.88,0:12:09.68,Default,,0000,0000,0000,,why tariffs on China are important.
Dialogue: 0,0:12:09.68,0:12:11.00,Default,,0000,0000,0000,,Maybe it’s just me, but
Dialogue: 0,0:12:11.00,0:12:14.00,Default,,0000,0000,0000,,I don’t think we \Nshould have a country that sees America
Dialogue: 0,0:12:14.00,0:12:19.92,Default,,0000,0000,0000,,as its enemy making everything from \Nour children’s toys to our medicines.
Dialogue: 0,0:12:19.92,0:12:21.31,Default,,0000,0000,0000,,But you know what they don’t make?
Dialogue: 0,0:12:21.31,0:12:24.91,Default,,0000,0000,0000,,Our toilet paper. USA number…2!!!
Dialogue: 0,0:12:28.24,0:12:29.62,Default,,0000,0000,0000,,And if you liked this episode,
Dialogue: 0,0:12:29.62,0:12:32.96,Default,,0000,0000,0000,,remember \Nto subscribe to our free weekly newsletter
Dialogue: 0,0:12:32.96,0:12:34.57,Default,,0000,0000,0000,,so you can see all of our episodes,
Dialogue: 0,0:12:34.57,0:12:36.41,Default,,0000,0000,0000,,even when \NYouTube doesn’t want you to.
Dialogue: 0,0:12:36.41,0:12:38.24,Default,,0000,0000,0000,,The link is below.
Dialogue: 0,0:12:38.24,0:12:41.12,Default,,0000,0000,0000,,Thanks for watching. I’m Chris \NChappell. See you next time.