Donald Trump's trade war went nuclear, hitting China with 145% tariffs, aimed at economic decoupling. This is already backfiring on the US economy, which is heavily reliant on Chinese imports. The volatility also fueled a crisis in the bond market, with Treasury yields rising. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=u9k7132Iyeo Trump advisor reveals tariff strategy - Force countries to pay tribute to maintain US empire: https://www.youtube.com/watch?v=VnajhDMAWVA Topics 0:00 Economic war 0:51 Tariffs of 145% on China 1:56 China defends itself 2:41 Decoupling 3:49 (CLIP) Howard Lutnick attacks China 4:14 Scott Bessent on China 4:48 US trade with China 7:05 USA will lose trade war 8:02 China's manufacturing dominance 9:47 China's trade 10:33 High risk 11:35 Trump's arrogance 12:06 (CLIP) Trump: countries are "kissing my ass" 12:18 Mafia behavior 13:02 US empire demands tribute 13:35 (CLIP) Stephen Miran: US demands tribute 13:59 Threatening the world 15:55 China stands up 16:34 Trump admin's China hawks 17:47 (CLIP) Marco Rubio on new cold war 18:30 Biden admin targeted China too 20:01 US bond market shock 21:39 Treasury note yields 25:01 Interest payments on US national debt 26:05 Hedge fund margin calls 28:35 Trump's billionaires 28:53 Elon Musk 29:42 Bill Ackman 29:59 Jamie Dimon 30:35 Market manipulation? 32:21 Trump meme coins 32:58 Outro