Ed Elson

Yes, exactly.

And it's exactly what we saw last year with Europe where he threatened 30% and then he went down and then he made all of these exemptions.

It seems to me, I mean, again, I always like to remind people

taco was a term that was created by Robert Armstrong, who is with us right now.

I'm someone who generally lands in the taco camp.

And this is another case of that for me.

For me, I see this, it's a social media post, he just puts it out there.

My instinct is taco.

What is interesting is we're in this dynamic where we're seeing that markets in Europe are selling off, but also it's MLK Day, so the US markets are closed.

So we don't know what the markets are going to react like tomorrow.

Yes.

And by the way, it seems that they do, or at least... Yes.

I mean, that's what we're hearing with this talk of a trade bazooka, which I've never heard of.

Right.

This is what Emmanuel Macron has been suggesting, that they use the anti-coercion instrument.

They call it the trade bazooka.

I love that.

From my understanding, it's basically just some export controls.

I'm not sure exactly what makes it a bazooka versus any other trade weapon.

Even if it is a taco, I think it probably is.