Natalie Kitroweth

And just quickly explain for me why a $1 trillion trade surplus is such a big deal.

And just quickly explain for me why a $1 trillion trade surplus is such a big deal.

We're going to get into how China's done that, but I just want to pause on Trump for a second here. Because what I'm hearing is that when Trump talks about China and the U.S. trade deficit, he's actually wrong to highlight it.

We're going to get into how China's done that, but I just want to pause on Trump for a second here. Because what I'm hearing is that when Trump talks about China and the U.S. trade deficit, he's actually wrong to highlight it.

Okay, so Trump has been complaining about this since the 1980s. But aren't there advantages to free trade? I'm thinking of lower prices for consumers, for example, which have come specifically from free trade with China.

Okay, so Trump has been complaining about this since the 1980s. But aren't there advantages to free trade? I'm thinking of lower prices for consumers, for example, which have come specifically from free trade with China.

Wow.

Wow.

Got it. So that's the background here, just how reliant the U.S. is on China for things that we might need in a crisis. Now let's get into the trillion-dollar trade surplus.

Got it. So that's the background here, just how reliant the U.S. is on China for things that we might need in a crisis. Now let's get into the trillion-dollar trade surplus.

I think a lot of people might think of that Made in China label as being associated with some of the goods you already mentioned, toys and clothes, but not some of the more advanced products that, you know, you would think of as bringing a country to this level of dominance. Right.

I think a lot of people might think of that Made in China label as being associated with some of the goods you already mentioned, toys and clothes, but not some of the more advanced products that, you know, you would think of as bringing a country to this level of dominance. Right.

What do you mean by that?

What do you mean by that?

And why was China so keen on dominating an industry like the car industry?

And why was China so keen on dominating an industry like the car industry?

So you have a bunch of reasons why you might want to be a juggernaut in the car industry. Can you tell me how exactly China went from exporting barely any cars to now being the world's number one exporter of cars? How did that happen?

So you have a bunch of reasons why you might want to be a juggernaut in the car industry. Can you tell me how exactly China went from exporting barely any cars to now being the world's number one exporter of cars? How did that happen?

The banks didn't care about making money?

The banks didn't care about making money?