Kim Mackrael

Yeah, that's right.

So I think what we're seeing right now is a lot of different trading partners of the US looking around the globe and looking for what are some alternative markets or some other markets where we can boost our trade ties.

And it's a little bit for many of them a hedging exercise as they deal with a U.S.

that is less predictable than it was before and try to find some alternative market options.

So we saw some of that center around China recently.

We saw South Korea's leader recently talk about wanting a full scale restoration of ties with China.

We were seeing some European leaders head to Beijing recently.

Finland's prime minister has a meeting with Xi Jinping today in Beijing.

British Prime Minister Keir Starmer is expected to be there.

And Germany's leader is also expected to travel there next month.

Maybe one of the notable ones here is the UK actually restarted trade talks with China last year after holding off for quite a long time.

So China is of interest because it's a really large economy, but it does also carry some big risks.

A lot of trading partners of the US are quite aware of those.

So the EU has also talked about

starting negotiations with other countries.

They've talked about Qatar, about the United Arab Emirates.

The UK has also done a number of deals, including previously last year with India, updating an agreement with South Korea.

I don't know which one might be next to come, but I think we're going to see these countries increasingly continuing to look for alternative trading options like this.

Thanks so much, Luke.

European officials are taking comments like this, comments about Greenland, comments about the tariffs.