19 May 2026

Trump had hoped to go there in triumph after an easy victory over Iran. He
actually went there in despair, hoping for China's help in cleaning up the mess
he made there. Last year, he had hoped to cow China into submission with his
tariffs, only to push himself in a submissive position.

In Beijing, the very tone of his comments - what a great leader Xi is, how
wonderful China, is, how well he gets on with everyone, and how the US and China
are going to have a 'fantastic future together' shows that for all his grandiose
plans to project US power, he has ended exactly where China wanted him, having
to accept parity with China.

How else did he manage to expose the reduction of US power in Beijing? Given
that the meeting was initiated by the Chinese, how well did they realise what
they wanted? Who budged or blinked on all the major issues: tariffs, investment,
Hormuz, Taiwan, Iran's nuclear programme? How will this summit re-shape the
contest between China and the US that has shaped the 21st century? Will the
retinue of CEO's that went there get what they want? Where will it leave the
Iran war? and, above all, where will it leave the world which the Trump regime,
shall we call it that, has landed in chaos of one sort or another since Trump's
election, let alone his inauguration... ..

With me to discuss all this is the most regular of regulars, Professor Michael
Hudson.

00:00 Highlights
00:55 Channel Introduction
01:37 Trump And Xi Summit: An Overview
03:49 Michael Hudson: Trump Is Lying About The China Trip
10:06 America Can't Bully China Anymore
13:30 The Thucydides Trap: Will America Go To War With China
19:28 A New Global Order Is Here
22:02 What Can Global South Countries Do To De-Dollarize
29:12 China Does Not Need US Capital
33:12 Iran War: What Will Trump Do Next
38:02 The Looming Global Economic Crisis