Michelle Fleury

And so what's happened is that the Supreme Court slapped Trump's wrist back in February.

Then the White House dug up another rule.

They kind of threw on a 10% surcharge.

Last week, the lower court threw that out as well.

But in a twist, which I think you'll appreciate, Raoul, because I know you like cinema, cinematic timing, the appeals court saved it just as Trump's plane was essentially fueling up for Beijing.

And so the tax is active and we carry on until July 24th when legally they expire.

But of course, they are expected to be replaced.

And when you've got the US imposing tariffs and sort of essentially trying to close its doors to Chinese goods flooding the US market, what has happened is you've seen Chinese products float elsewhere, and that is creating headaches for countries in other parts of the world.

The US, I think, is just looking for an exit ramp.

Trump, from what we understand, wants something like a board of trade.

All of their people have been having meetings for weeks building up to this to try and work out what are non-controversial products.

Maybe we could agree we're not going to tariff those.

Products worth $30 billion of everyday consumer goods and leave the sort of trickier problem children for another day.

Look, I'm pretty fantastic at it, but the caveat being you don't mind missing a toothbrush, maybe a phone charger, some mismatched socks might be thrown in the mix.

I think it was a surprise because a lot of the companies that are going, they had order book issues, some sort of troubles they were hoping to get ironed up during this trip.

Jensen Huang, because he has a slightly different view on what the US-Chinese relationship should be, was kind of notable for not originally being on the list.

Jensen Huang runs NVIDIA.

He sells people high-end computer chips.

And there's been a vigorous debate about whether or not the US should be selling these chips to China because there is this massive race on right now about who will dominate artificial intelligence going forward.

And of course, as we know, chips are the key to that.