Derek Thompson

So the real conversation to have about this probably isn't May 2nd, it's June 2nd, but we'll see what happens in a month. On China, I think it's really important to observe that While the U.S. is the richest country in the world, the largest economy in the world, if you're just judging an economy based on what it makes, no one comes anywhere close to China.

China makes 70% of the world's cement and steel, 90% of our toy imports, 80% of electric vehicle exports. It's just an enormous export juggernaut.

China makes 70% of the world's cement and steel, 90% of our toy imports, 80% of electric vehicle exports. It's just an enormous export juggernaut.

China makes 70% of the world's cement and steel, 90% of our toy imports, 80% of electric vehicle exports. It's just an enormous export juggernaut.

Child safety seats with hard plastic shells, I believe, was the line item in the Excel chart that I read.

Child safety seats with hard plastic shells, I believe, was the line item in the Excel chart that I read.

Child safety seats with hard plastic shells, I believe, was the line item in the Excel chart that I read.

Dude, this is the point that I forgot about what to make when I was talking about Trump and the dolls. I mean, it's not very pronatalist to brag about the fact that you are purposely raising the cost of toys and dolls while at the same time saying the number one job for this administration is to make it easier and cheaper to have a family. You're clearly not doing that.

Dude, this is the point that I forgot about what to make when I was talking about Trump and the dolls. I mean, it's not very pronatalist to brag about the fact that you are purposely raising the cost of toys and dolls while at the same time saying the number one job for this administration is to make it easier and cheaper to have a family. You're clearly not doing that.

Dude, this is the point that I forgot about what to make when I was talking about Trump and the dolls. I mean, it's not very pronatalist to brag about the fact that you are purposely raising the cost of toys and dolls while at the same time saying the number one job for this administration is to make it easier and cheaper to have a family. You're clearly not doing that.

But on Shida, my fear is that they simply make a lot of everything that the world wants. And the world needs cement, and the world needs steel, and people want to drive cars, and they want to use the robotics that come out and the electronics that come out of China.

But on Shida, my fear is that they simply make a lot of everything that the world wants. And the world needs cement, and the world needs steel, and people want to drive cars, and they want to use the robotics that come out and the electronics that come out of China.

But on Shida, my fear is that they simply make a lot of everything that the world wants. And the world needs cement, and the world needs steel, and people want to drive cars, and they want to use the robotics that come out and the electronics that come out of China.

And so if the US doesn't buy those toasters and doesn't buy those toys and coloring books, my feeling is that China is going to find other trading partners and that they have a political system that is not exactly democratic, which means it is insulated from the short-term pressures to modify policy in the face of a trade war.

And so if the US doesn't buy those toasters and doesn't buy those toys and coloring books, my feeling is that China is going to find other trading partners and that they have a political system that is not exactly democratic, which means it is insulated from the short-term pressures to modify policy in the face of a trade war.

And so if the US doesn't buy those toasters and doesn't buy those toys and coloring books, my feeling is that China is going to find other trading partners and that they have a political system that is not exactly democratic, which means it is insulated from the short-term pressures to modify policy in the face of a trade war.

So for a lot of reasons, I am extremely pessimistic about the prospects of America having a trade war with China, despite the fact that I'm incredibly patriotic about wanting to build a lot of the advanced manufacturing products that even conservatives say they want to get out of this plan.

So for a lot of reasons, I am extremely pessimistic about the prospects of America having a trade war with China, despite the fact that I'm incredibly patriotic about wanting to build a lot of the advanced manufacturing products that even conservatives say they want to get out of this plan.

So for a lot of reasons, I am extremely pessimistic about the prospects of America having a trade war with China, despite the fact that I'm incredibly patriotic about wanting to build a lot of the advanced manufacturing products that even conservatives say they want to get out of this plan.

Exactly.