David Solomon

Some of it's still in the construct of an active negotiation.

At the end of the day, the economies are massively intertwined.

And while there will be changes at the margin, you know, I don't think our economic teams believe that the long-term structural shifts will be real.

But at the end of the day, I think people

When you get through the noise, people will do what's in their economic interest and there'll be a more balanced result than some of the rhetoric we're hearing right now.

But, you know, watch the space.

Watch what happens.

You know, Canada, for example, a huge trading partner, China, huge trading partner.

I think China's in a place where things are more de-escalated for the next 12 months.

We'll see what comes out of that.

We obviously have a President Trump visit to China and a Xi visit coming back this way.

So there's a roadmap this year to see if there is more progress in that bilateral relationship.

We have to watch USMCA and how that progresses.

It's easy to talk about the fact that there's a lot of noise, but it's harder to talk about the long-term consequences because to make real changes is more complicated than simply talking or threatening.

You know, I think you're asking a question that's an interesting question, but I don't spend a lot of time trying to figure out where the line is because I don't think any of us, there's not a line, okay?

There's enormous nuance and complexity to the economy.

There's enormous nuance and complexity to the individual bilateral relationships, and they change and shift based on the lens of what's going on at any moment in time.

And so, you know, yes, our norms are the way we see certain things challenged.

Absolutely.

But there's not I don't I think you're looking for an answer that doesn't necessarily exist.