Chris Friedberg

15% chance of the 100% tariff on China going to effect by November 1st.

In other words, 85% chance it's not going to happen.

73% chance of U.S.-China trade agreement by November 10th.

It wasn't hubris.

It was greed.

The CEOs at the time and the people who were influential in making donations to politicians wanted to make more money.

That's why they did it.

They didn't do it with anything other than a profit motivation, which is greed.

I think that's looking in the rearview mirror of Freiburg.

I think the CEOs at that time were like, how do we increase the profit margin on an iPhone, on a PC, on any product being created?

And the way to do that is find the lowest labor source possible.

And that was China.

They just did it out of just pure capitalism.

I thought for sure you were going to say Friedman's The World is Flat, which was, I think, air cover for all this because you would get the peace dividend if everybody had McDonald's and everybody was watching the same movies.

Go ahead, Shamath, you have some thoughts?

You can see it also in Taiwan.

How in the world did 90% of the chips come out of one tiny island?

It's just capitalism.

It's the best place to do it at the cheapest price, the most efficiently, and then you have now this dependency on Taiwan because we didn't think about redundancy and supply chain free work in related international news events.

Trump is put up or the Trump administration has put up about $40 billion to help out Argentina.