Adam Tooze

It's literally that kind of language of serial abusive relationships.

Like, you know, I love you actually, but you know, I had a bad night.

Yeah.

And so they will keep coming back.

And it's not clear it's really a ratchet, right?

Because China's ended up in a really remarkably favorable tariff position.

China, of course, pushed back and said like, this far and no further.

I'm agreeing.

I would agree with Ivan that this does seem like a moment where Europe might finally start moving down that route.

They have this thing called the anti-coercion instrument, which was of course devised for China and

Russia, because the Europeans were worried about rare earth type moves or gas cutoffs from the Russians.

And Ursula von der Leyen, I think, no, it was Macron that said it today.

Like if we use that instrument against America, the world is topsy-turvy.

within the Trump administration that is closely affiliated with the AFD and Orban and so on.

But I would associate them more with the Millers and the Vance's

in the administration.

I think there's a Rubio-Neo-Conwen, which is probably having a pretty hard time with all of this, because they're a more conventional, NATO-orientated, Atlanticist kind of side.

And then I think the president is sui generis, and I totally agree with you, John.

What really struck me is some line about how America's been trying to get this deal done for 150 years, president after president has wanted to buy this real estate, and

I want it and I want my name on it and that is the key.