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USA / MEXICO FEMALE MEXICAN HEAD OF STATE OUTSMARTS TRUMP MeidasTouch: Mexico HUMILIATES Trump in Trade War ON WALL STREET PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=yE5bAYi6kfk Peter Burgess COMMENTARY I cannot stand Trump. For me is an ignorant fool with an outsize ego and a track record of himself making money and everyone else being losers! Trump is a serial loser and hard nosed when it comes to his own wealth accumulation. Everyone else can rot in hell ... or jail! Peter Burgess
Mexico HUMILIATES Trump in Trade War ON WALL STREET MeidasTouch 3.42M subscribers ... 562,248 views ... 24K likes Dec 1, 2024 Legal AF Podcast Wall Street has declared Mexico the clear winner in the trade war sparked by Donald Trump’s social media provocations. The Peso has surged against the dollar after President Claudia Sheinbaum decisively outmaneuvered Trump, warning that his antics could jeopardize 500,000 U.S. jobs and drive up prices for American consumers. Michael Popok breaks it all down through his Wall Street lens, explaining how Mexico came out on top. Try VIIA Hemp! https://bit.ly/viialegalaf and use code LEGALAF! Visit https://meidastouch.com for more! Support the MeidasTouch Network: / meidastouch Add the MeidasTouch Podcast: https://podcasts.apple.com/us/podcast... Buy MeidasTouch Merch: https://store.meidastouch.com Follow MeidasTouch on Twitter: / meidastouch Follow MeidasTouch on Facebook: / meidastouch Follow MeidasTouch on Instagram: / meidastouch Follow MeidasTouch on TikTok: / meidastouch Transcript 0:00 in the shooting match between the US and Mexico over Donald Trump's threatened tariff War there's a clear winner and her name is Claudia shinal the new president of Mexico Donald Trump probably thought he could try to pick on her since she just got elected a couple of months ago and she fired back and the markets have responded in praising her and also the peso trading Market has responded by declaring that the winner is Mexico because now the peso is 1.5% higher than it was before the attack by Donald Trump against the dollar I'm going to use my Wall Street background to talk to you here on legal AF the Midas Dutch Network about this phony trade war that Donald Trump has started and then once shine Bal retaliated he backed down the markets watched and responded by lifting the peso against the dollar let me break it all down for you couple weeks ago Donald 1:01 Trump thought it was in the econ the economic best interest of average Americans to do two things Deport uh 40% of the undocumented Workforce that that fires empowers uh sectors like construction and our food supply and our internet Commerce in the same time he said why don't I start a trade war and tax Mexico and Canada 25% in tariffs and China 10% representing 40% of our trading partners well Mexico and Canada immediately fired back in different ways there's reporting and I'll probably do a hot take on it about uh Trudeau heading down to maral Lago maybe un bendit knee forced there by his government to make nice with Donald Trump and to try to convince him in a meeting he just held along with uh Donald Trump's economic team including his new Commerce nominee Howard lutnick 2:01 um and some other people in the room about trying to avoid the 25% tariff but that's not what cloudia Shin bound did maybe because she's an economist maybe because she has a doctorate maybe because she's really tough and really smart and so she immediately did two things that the Canadians did not do she issued a letter in Spanish in response to Donald Trump in which she threatened her own 25% tariff which economists have shown will lead to the following dire impacts on the US economy an immediate loss of a half a million jobs on the US side of that dispute half a million jobs poof goodbye overnight because of the trade war and a substantial increase in the cost of living for Americans I thought that's the reason people voted for him I mean I keep hearing the two reasons that Kam Harrison Democrats lost besides some issues with her candidacy and the fact that there wasn't a primary system that selected her but was that 3:01 people voted with their pocketbook in their wallet and they were upset about immigration and a couple of culture War issues and apparently the Democrats obviously lost about protection for the lgbtq plus Community but I thought it was really all about the economy I didn't realize that we had um given Donald Trump a quote unquote Mandate of quote unquote historic proportions none of which is true in order to wreck our economy or to do a science experiment let's see what will happen and so Shin bound uh reminded Donald Trump in her letter on official president Mexico letterhead that the two major exporters out of Mexico who will be hit with the 25% tariff are if she does her side of the Tariff General Motors and Ford who have been in the country for almost a 100 years making products in their plants in Mexico no they would not escape a 25% retaliatory tariff imposed 4:00 by Mexico is that what they want to do and that's where a lot of the half a million jobs on the other side come out and the higher and the higher costs now the market let me turn to my prior Wall Street background here the market has responded and the peso Traders there's currency Traders what we call foreign exchange Traders FX Traders they sit there making money on the Arbitrage between the the a certain uh could be a it could be a uh a sort of a straddle or a butterfly what that means is they're matching different currencies and trying to trade one against the other the peso against the dollar right the Euro against the dollar or the peso the Brazilian real against the the Yen I mean there's all sorts of things that you can match and bet on in a market with with foreign exchange Traders and so that market has already spoken about who they saw as the winner of that tough guy stance that Donald Trump made before 5:01 he even got in office he's already conducting a legal foreign policy before he even got into office right we have one president at one time we have one um set of policies around our economy around foreign policy around uh National trade and that's being conducted by the Biden Administration until January 20th at at noon no Donald Trump is already open for business literally selling off U our policies to the highest bidder and has just decided that he he likes the Optics of having Canada and Mexico come and kiss his backside kiss his ass do you need a break from the crowded stores and endless gift lists restore your Zen and embrace the natural power of cannabis this holiday season with viia whether you're enjoying a quiet evening at home or embracing the festive cheer via's premium THC and THCF free gummies will help you find your perfect holiday balance via is is well-renowned for 6:00 their award-winning THC and THC free gummies and Vapes thca flow soothing topicals and cing drops all crafted with the highest quality hemp sourced from trusted independently owned American Farms and the best part via legally ships to nearly all states in the US in discret packaging directly to your door with a WorryFree guarantee no medical card required their Cloud9 relief gummies help me unwind in relax after a long 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quality free from harsh pesticides or nasty chemicals over a half a million customers served farmed and crafted with care in the United States this holiday season gift yourself some peace of mind if you're 21 plus check out the link to Via in our description and use the code legal AF to receive 15% off after you purchased they 8:00 ask you where you heard about them please support our show and tell them that we sent you this holiday season enhance your every day with fire Canada I'm going to do a separate hot take on Trudeau you know it looked a lot like you know M and Joe from Morning Joe heading down to Mara Lago you know we're not biased we're going to turn a page you know people forget by the way on the ma and Joe thing go listen to their show back in 2016 and before they were Pro Trump or let me put it this way they weren't anti-trump he used to phone in the show hello Joe hello M go find the clips you know so everyone's like up in ARS like oh Joe and Ma they were so critical and now now look at them you know because they're worried about their FCC license and being put into a concentration camp uh but they were Pro Trump before I don't see this as a major flip for them we we're not flipping and it's not like you woke up and Midas Touch Network and legal AF were suddenly going let's give Trump a try maybe we 9:02 were wrong for the good of America let's let's just sit and wait and not uh protest or analyze or resist uh or let's not file any lawsuits uh let's just uh uh sit back and let his Maga uh project 2025 policies take effect and then we can then we can judge you know six months or two years from now no we didn't you didn't wake up to that world okay it's not the upside down world but true Joe decided from Canada oh I better get down there he wants me down there he stayed at some who knows what hotel in West Palm Beach didn't stay on didn't even stay in Palm Beach at a nice hotel I'm from that area so I can I tell you Trudeau why didn't you stay at the breakers or at the Brazilian court or something I don't know why you stayed in this hotel in West pal Beach but you did and then you got to like shlep over with your black cars and go to Mara Lago and meet with all these people most of which have never been in government before to try to talk about why Canada is not responsible for the 10:00 fenel uh addictions in America or drug Supply nor from ma it's not a porest border people aren't pouring in through Canada you know in Nova Scotia into Maine you know bad people so the whole thing was sort of a Kabuki theater orchestrated by Donald Trump and you either play it or you don't play it and Claudia shanam is not playing she's like legal AFU I'm not doing that you want a trade War bring it even the dueling social media posts show you who won that particular battle Donald Trump said just had a great call with cloudia shine BAL of Mexico she's fully on board with closing the southern border and stopping migration magga 2025 and an hour later Claudia shound posts her own interpretation of the phone call where she said that Mexico's stance is not to close the borders but they believe in Building Bridges uh with communities and 11:02 the and the and the Wall Street Market went yeah we're going to vote for Claudia Shin bam on that one and the peso price uh has now uh gone up it'll be volatile because what Traders now have to do is we're back in the world of them of them uh sort of being hurdled around and being pulled and dragged around by competing social media posts because Donald Trump's going to conduct foreign policy and economic policy again through social media through truth social here we go again you know we in the legal media are going to have to go after that have that declared uh his public account in order to get all copies of everything because he's not going to use the official podus president of the United States um X account or wherever it is these days hopefully I'm blue sky like the rest of us um but he's going to do it through his true social that's why he built built the platform and he needs more 12:01 eyeballs over there so he's going to start posting there left and right and we're going to have to react to it and the and the economy and the market is going to have to react to it so we're back in case you didn't figure this out we're back to national security policy trade policy domestic policy uh uh war and diplomacy through social media post by Donald Trump and the markets are going to have to react but they already are so the winner for right now at least 20 is cloudia shine bom of Mexico against Donald Trump we'll continue to follow it all right here using my background and experience as a practicing lawyer somebody that has a Wall Street background and experience as well um as well as a trial lawyer um you know in litigating in the courts that I talk about there's a few ways to support legal AF if you like it which I think you do you're already here hit the Subscribe button for midest touch we have a new legal AF YouTube channel we formed just before the election already have almost 350,000 subscribers we call it what else legal AF and I'm 13:01 the chief curator over there some amazing new content you can't get anywhere else if you can't get your fill of Law and politics in that intersection come over to Legal AF the YouTube channel in collaboration with the mightest touch Network boom hit the blue subscribe button and help us as you've heard at length we do not have outside investors at all we do this this is people powered all people powered us on one side you on the other supporting us in the various way ways you know Midas Touch has a um a substack legal AF is going to have a substack we got patreon we've got the uh podcast we've got our advertisers and we've got our subscribers that's how we exist that's what keeps the lights on so to speak so till my next reporting for legal AF wherever it may be I'm Michael popok in collaboration with the 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