Adam Posen

President Trump needs it more by far.

And you can see that from the body language, the carrying with him a whole bunch of U.S.

corporate CEOs, the sort of plaintiff tone.

I mean, in the end, the U.S.

will survive even if the meeting falls apart, obviously.

But going into the meeting, Trump is the petitioner.

Yeah, it does with his particular tone.

And it is clearly an about face from the posturing that the U.S.

government under Trump, a bit under Biden, and again, under the last year of Trump has done.

I think it's a good move, if done properly, with proper regard for national security and dependencies, with some calling out China for misbehaviors.

But ultimately, it was pretty destructive.

Let me make one more point.

My colleague at Peterson, Chad Bowne,

has pointed out that if you look under the hood, the share of U.S.

imports from China has plummeted from 25% to 7%.

And there are two important parts of that.

First is that huge shift in the amount of imports we get from China has made absolutely no difference in a positive way to U.S.

manufacturing, to U.S., and if anything, it's increased inflation.

The second thing is that huge shift only leaves you with the stuff we can't substitute for, like rare earths, like pharmaceutical components.

So, you know, recoupling from here only makes sense