Alice Han

So I think that the Chimerica relationship has the ability to have a second chapter in its relationship and not go through a full-scale divorce or decoupling. But again, it all comes down to politics, Ed, and that is where I'm not so sure.

So I think that the Chimerica relationship has the ability to have a second chapter in its relationship and not go through a full-scale divorce or decoupling. But again, it all comes down to politics, Ed, and that is where I'm not so sure.

The problem on the Chinese side is that they cannot countenance a massive slowdown in the economy.

The problem on the Chinese side is that they cannot countenance a massive slowdown in the economy.

The problem on the Chinese side is that they cannot countenance a massive slowdown in the economy.

So instead of going through the, I would say, the American model, for instance, sort of 1930s depression or even World War II, where you saw a massive crisis that then enabled the consumer share of GDP to continue to rise rather than the manufacturing share of GDP, which is why America is now a consumer and services-led economy. the Chinese are unwilling to countenance that.

So instead of going through the, I would say, the American model, for instance, sort of 1930s depression or even World War II, where you saw a massive crisis that then enabled the consumer share of GDP to continue to rise rather than the manufacturing share of GDP, which is why America is now a consumer and services-led economy. the Chinese are unwilling to countenance that.

So instead of going through the, I would say, the American model, for instance, sort of 1930s depression or even World War II, where you saw a massive crisis that then enabled the consumer share of GDP to continue to rise rather than the manufacturing share of GDP, which is why America is now a consumer and services-led economy. the Chinese are unwilling to countenance that.

They don't even want to have a Japanese style, you know, lost decades, which is a slow version of what we saw in America. So instead, they want to walk on this tightrope between rebalancing a little bit here and there through subsidies for consumer goods, like the trade in appliances.

They don't even want to have a Japanese style, you know, lost decades, which is a slow version of what we saw in America. So instead, they want to walk on this tightrope between rebalancing a little bit here and there through subsidies for consumer goods, like the trade in appliances.

They don't even want to have a Japanese style, you know, lost decades, which is a slow version of what we saw in America. So instead, they want to walk on this tightrope between rebalancing a little bit here and there through subsidies for consumer goods, like the trade in appliances.

And at the same time, they will increase Chinese exports, increase potentially infrastructure spending on certain infrastructure, And this means that they have this impossible task of balancing the two, because ultimately they don't want to go full on in the rebalancing mode, which is something that they recognize that they need to do.

And at the same time, they will increase Chinese exports, increase potentially infrastructure spending on certain infrastructure, And this means that they have this impossible task of balancing the two, because ultimately they don't want to go full on in the rebalancing mode, which is something that they recognize that they need to do.

And at the same time, they will increase Chinese exports, increase potentially infrastructure spending on certain infrastructure, And this means that they have this impossible task of balancing the two, because ultimately they don't want to go full on in the rebalancing mode, which is something that they recognize that they need to do.

That is a structural bug in the system, and it's going to be very hard to shake for political reasons. On the US side, why they can't kiss and make up is because we have different parties with different interests. As we mentioned, Trump wants a big, beautiful deal. As I've said before, he's the biggest dove in a house full of hawks.

That is a structural bug in the system, and it's going to be very hard to shake for political reasons. On the US side, why they can't kiss and make up is because we have different parties with different interests. As we mentioned, Trump wants a big, beautiful deal. As I've said before, he's the biggest dove in a house full of hawks.

That is a structural bug in the system, and it's going to be very hard to shake for political reasons. On the US side, why they can't kiss and make up is because we have different parties with different interests. As we mentioned, Trump wants a big, beautiful deal. As I've said before, he's the biggest dove in a house full of hawks.

Besson wants to make sure that people around him and Wall Street are happy, that the markets are happy. And Jameson Greer wants to have a more level playing field. People like Navarro and Lutnick are a bit more crazier, I think, and don't really know what they want to do, which is why we saw the April 2nd tariffs.

Besson wants to make sure that people around him and Wall Street are happy, that the markets are happy. And Jameson Greer wants to have a more level playing field. People like Navarro and Lutnick are a bit more crazier, I think, and don't really know what they want to do, which is why we saw the April 2nd tariffs.

Besson wants to make sure that people around him and Wall Street are happy, that the markets are happy. And Jameson Greer wants to have a more level playing field. People like Navarro and Lutnick are a bit more crazier, I think, and don't really know what they want to do, which is why we saw the April 2nd tariffs.