Gavin Bade

However they're doing it, they're getting a dominant position in a critical part of this very important industry.

And the worry is, is that if there is a conflagration between the U.S.

and China, Beijing can just tell Fuyao, stop supplying these American companies and really can mess up the automotive supply chain.

It's happening in fits and starts, but there are Chinese companies looking in particular sectors to expand their footprint, right?

One of them is in the copper sector right now.

That is a copper industry also identified as a national security imperative by the Trump administration, right?

And the thing is, is that, oh, if Trump wants to tout this big deal with Xi Jinping, well, maybe this happens a lot faster in the years to come.

Yeah, absolutely.

I think there's particularly on China, there's a big divide here because the president himself, every time he's asked about it, says, I would love more Chinese companies to come in here.

I would love investment.

I mean, this is a big policy debate.

How do you do this?

Do you just say no Chinese investment in the U.S.?

I think that's a pretty extreme position for a lot of people, even in Washington these days.

Can you beef up your screening of Chinese investments?

Do you just block them from particular sectors that you've identified as critical to national security?

That seems rather extreme as well, because that list of sectors seems to expand every year, right?

It used to just be, you know, we were talking steel, aluminum, copper, semiconductors, cars, trucks, critical minerals, all of the things that Trump has sought to protect with his national security tariffs.

I mean, now we're talking about most of the industrial economy.

And so this is something that the administration is chewing over and trying to consider.