Eyck Freymann
👤 SpeakerAppearances Over Time
Podcast Appearances
How much of a setback this has been?
It's been one step forward, but two steps back.
And the reason is China is so big of a challenge.
China is a third of global manufacturing.
You cannot just stop buying stuff from them overnight.
Won't work.
They're in every supply chain.
And you can't tell other people to do that either.
So, we learned this on Liberation Day.
We're like, we're going to go cold turkey on trade with China.
Oops.
That's not going to work.
And countries that are even more dependent on trade with China are never going to do that.
But what we have discovered is no credit to the Trump administration on this, just credit to China's predatory trade policies.
China is hollowing out the industrial base of the European Union.
Europeans are racing the populist parties because Volkswagen is dying.
Right.
The economic heart of the European Union is dying.
And it's if you go to India, if you go to South Korea, it's it's the same thing.
They're being swamped by Chinese products.