Keyu Jin

Only with peace can they do what they can.

And actually, U.S., despite saying they've been victimized, look, they've had a very, very good time, right?

Never have quality of life, standards of living, technology risen as much as the U.S.

did under its own liberal order than it has ever before, and the amount of influence and power.

Yes, of course, you can blame the U.S.

for lots of things that happened, but

it actually had a really good time, and China as well.

So now they're going to take this apart.

They think that they're going to be somehow better off, that American people and Chinese people are going to be better off under a more disorderly, fragmented, rule of a jungle kind of world.

That's an illusion.

That's what politicians tell their people.

But that's not the truth.

Well, exactly.

Tariffs is a way to punish foreigners.

But what you really want to do is to strengthen your own domestic competitiveness.

And I want to draw an analogy to the U.S.-Japan competition in the 1980s.

Japan actually took over many parts of the semiconductors industry, even though the microchip was invented in the U.S.

But guess what happened?

Well, it actually drove more competition and more mobilization in the U.S.

Actually creating this innovation system changed a few really critical laws that helped with U.S.