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00:00So Trump is saying, please be patient. But are rising costs of goods concerning the White House to take some action as people are really feeling it when they go to pay for things?
00:12Yeah, and it's a balancing effect, because on the other hand, since President Trump came into office, we've also seen in the United States lower inflation. You know, under Biden, there was record high inflation. We have lower energy costs. And we also have trillions of dollars in incoming investment into the United States.
00:31In that same cabinet meeting that you just referred to, there was also conversation about the fact that the United States is changing some of its postal policies that were giving the Chinese tremendous benefits and discounts on their goods.
00:45And the expectation is that small American business owners will benefit, right? So the idea was that China, by flooding the U.S. market with their cheap goods, aided by cheap U.S. postage rates, they were beating out local, small American businesses.
01:03And now we're giving American businesses a chance back. And I would say that altogether, the president's economic policy is intended to strengthen the middle class, which for 60 years has really taken a tremendous beating.