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Michael Popak
18/ DNC supply Donald Trump has a weird verbal tick he's using to try to explain his failed tariff policies. First, he's lying the American people. And he did it in a Time magazine interview about his first hundred days, talking about I did 200 deals, I did 200 deals since the tariffs were announced and he can't name one of them. Then he can't remember whether they're done or they're going to be done. Then when we get the Treasury Secretary and the Agriculture Secretary in an interview, they say they can't name one. Well, if your Secretary of Treasury and Agriculture don't know about your trade deals, who's going to? And then he uses this weird analogy of department stores. It's like I own a department store. The economy's like a department store. It's like if I'm in a department the economy is not like a department store. And why are you using department store as your metaphor? Your analogy when if you put into the Google, you can do it now. In Google, put in Donald Trump and department store, you come up with the E. Jean Carroll sex abuse adjudged case. Weird. Wrong. I'm going to talk about what Donald Trump's impact on the economy has been and now we're seeing the impact of the 145% Chinese tariffs. Don't call it a Chinese tariff. Call it what the treasury secretary for. Donald Trump is now calling it a Chinese embargo We've embargoed any trade with China. And the world logistic and supply chain is responding. While Donald Trump fantasizes and lies to the American people about signing 200 deals, wait till you hear how he defines a deal. And now you'll, then you'll understand why his administration can't find any on Michael Popak. I can find it all right here on the Midas Touch Network. And for legal af. All right, Donald Trump announces, I'm going to do tariffs. They're going to be reciprocal. When they're not, they're based on a trade deficit. They're not based on the amount of tariffs the other country is charging. That's why he's charging tariffs against Vietnam and an island that only has penguins. Okay, so he does that. And then we have the freakout moment. The freakout moment is all, all of the big business in America, from the Target CEO, the Walmart CEO, the Home Depot CEO, the leaders of JPMorgan Chase and hedge funds and private equity funds. They all descend on the White House phone calls, knocks on doors, Oval Office meetings, and they tell them to stop your trade embargo with China is crushing the economy. You want empty shelves. You want empty shelves for the Walmart voter to see. That's where we're heading. And it's already having an effect. I represented back in the day when I did this type of practice some of the world's largest shipping companies, including Hapag Lloyd, hapag Lloyd, number 5 container ship country container organization in the world. Their bookings already because of the announcement is down 30% percent in worldwide container movement. That's how things move in this world on big ships, container ships, a little bit by air, a lot by ships, a little bit by trucks once they hit the coast. Okay, now they, the impact of that is the Port of Los Angeles, for instance, incoming shipments that are coming in now, these were booked at the time of the tariffs being announced against China are down 40%. In fact, logistics experts believe that the China incoming from China imports from China on current sailings that are booked are going to be down 80%, hence the use of the term embargo. That means empty shelves as American stores and department stores, as Donald Trump likes to say, scramble to try to fill their shelves with merchandise, including get this going back to last Christmas's inventory to try to just fill the holes on the empty shelves. That is not a healthy economy. Then Donald Trump is interviewed during his now infamous Time magazine 100 Days interview. By the way, he just did another Interview very similar with the Atlantic. He's on some sort of speaking tour engagement, speaking engagement tour where he's trying to convince the American people that what they're seeing with their own eyes, ears and pocketbook and purses is not really happening to them over the first hundred days. And so they brought up the issue during the interview with Time magazine about trade deals. Donald Trump claimed before he hit the brakes on the tariffs. After all, the CEOs of Walmart, Target and Home Depot came crying on the doorstep of the Oval Office and told the stop, stop. We're the ghosts of Christmas future. The shelves look bare. Those are Walmart voters. You're losing out there in red country. Hence the poll numbers that we're seeing. They asked them about, well, what are the trade deals that you're making? Is, oh, I've made trade deals. Goes, can you name them? They said Peter Navarro, your trade representative, fresh off a stint in prison, he said, we're going to do 90 day, 90 deals in 90 days. You remember that night? I feel like Earl Scheib selling a 99, 95 new car paint. You want your car painted 9 to 9, 9 to 5. You have Peter Navarro telling the world, oh, the tariff pause is good. We're going to do 90, 90 deals in 90 days. You know how many deals they've done in the 14 days since the pause? 0. 0. Did you know the liver is the second largest organ in your body? It's responsible for over 500 functions. But for some reason, liver health doesn't always get the attention it deserves. Over 30% of Americans have a sluggish liver, a problem that often goes undetected until the very last minute. Dose is on a mission to educate us all on why it's so important to maintain your liver health and has created an incredible product to help you do just that. 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Dose is gluten free, dairy free, sugar free and vegan. Save 30% on your first month of subscription by going to DueDaily Co Legalite or entering legalif at checkout. That's D O S E D A I l y co legalif for 30% off your first month subscription. So they asked him, all right, you got a little bit time left on the clock, but you've done zero in 14 days. So in the next 76 or so, are you gonna do 90? And he said, do 90. Trump said at the time interview, I've already done, or I may do, or I'm gonna do, I'm thinking about doing 200. And they said 200. What are they? Well, I can't name them. Well, what do you mean you can't name them? He said, well, you know. And then he went off to define how deals, how he defines deals. And this is the problem because the way he defined deals is he uses the department store analogy. It's like if I own a department store, this is how simplistically and yet so, so wrong. He sees the American economy and I raise the prices, then that's a deal. That's a deal. How about if they have that, if the consumer doesn't buy it because it's ridiculously high priced and all of those price changes, that's a deal. So see how he narrowly defines a deal and he can throw everything into the definition of a deal. Those are 200 trade deals because it's like I'm running a department store. He's got this weird department store thing. And just to remind people, that's where a two separate juries determined that he sexually abused E. Jean Carroll and he owes her $100 million as a result in a department store in Bergdorf Goodman's. I don't know why he wants to remind people of that. I think it's a verbal tic, right? It's like the scarlet letter. It's like a confession. So they pressed him on it in the interview. They said, are you going to get it done? Trump said he would announce the supposed 200 trade deals in the next three to four weeks. But he also said the reporters seemed, or it was obvious for the interview, seemed confused about whether the deals were done or not done. And we're finished, by the way. He Said in the interview, you're finished. Time asked will will be finished. Trump clarified. Oh, you'll be finished in three to four weeks. I'll be finished. Now some countries may come back and ask for an adjustment and I'll consider that. But I'll basically be with great knowledge setting ready. We're a department store, a giant department store. You're not the biggest department store in history. Everybody wants to come in and take from us launching into this department store thing. And then he says during the interview that the president of China Xi has called him. Said he's called. I don't think that's a sign of weakness, but he's called. And that's another lie because China has come out and said that the president Xi didn't call Trump. So now he's got fictitious phantom figment of his imagination phone calls with the president of China while a trade embargo goes on before our very eyes. And all that happens is at the pump and at the grocery store. Prices have skyrocketed. They've gone up at the grocery store and supermarket. 2.4% rise in prices since March. How's those egg prices doing? Those that voted for Donald Trump like independence? Not well. So when you put together the lying about the 200 trade deals that his secretary of secretary of treasury doesn't know anything about and can't confirm, he can't name one of them. Then he uses the weird department store thing, which is doubly weird. Then the impact now on, on actual in the real world, real time logistics and supply chain. I'm talking cargo ships and sailings and the price of cargo. It's been a disaster, a disaster for Donald Trump and therefore for the American people. Let me make it clear, I'm not wishing ill on the American economy. I'm part of the American economy. Right. One of my colleagues once said, why would I wanna crash the plane that I'm on? I don't. But I have to observe and commentate about it. We've gotta call it out. This administration's report card is in at the a hundred days and it is straight F minuses right down. There is no silver lining. When you got Karl Rove coming out on Fox News laughing about this president and his economics, you got Fox itself himself coming out and can't find a silver lining in the poll numbers or the economy. And this was the only reason people apparently voted for Donald Trump. And how's that going? Lying in his interviews, lying on easily refuted facts because Donald Trump never let anything come between him. And a lie, right? Stubborn little thing like a fact isn't going to get in his way. I'm going to follow it all just as we always do. Sometimes I put on my Wall street ad at the intersection of law, politics and the global and US economy right here on the Midas Touch Network. Come on over to our legal AF YouTube channel. We're going to hit 600,000 subscribers just because of you. Really? Really. I do it in collaboration with the brothers in the Midas Touch Network. I curate at the intersection of law and politics just for you. We got a dozen other contributors. We're doing a dozen videos a day, all for our audience. So come on over and just show your support by taking a moment and hit the subscribe button. That's it. It's free. And then you'll get the reminders and all the content that you want that only we can bring. So until my next Legal AF podcast, Legal AF the YouTube channel, or Legal AF hot take here on the Midas Touch Network, I'm Michael Popak. In collaboration with the Midas Touch Network, we just launched the Legal AF YouTube channel. Help us build this pro democracy channel where I'll be curating the top stories. The intersection of law and polit. Go to YouTube now and free. Subscribe at Legal AFMTN. That's at Legal AFMTN.