Natalie Kitroweth

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?

OK, so we understand the money part. You have banks pouring investment into this industry, in part because the government is encouraging them to do so. What about the other ingredients you mentioned, the people and the regulations?

OK, so we understand the money part. You have banks pouring investment into this industry, in part because the government is encouraging them to do so. What about the other ingredients you mentioned, the people and the regulations?

It's amazing. The approach you're describing is so comprehensive. You're really witnessing this authoritarian regime pushing on all the levers available to it to achieve this aggressive goal. And it seems as though having complete control over so many elements of society was in a way key to China's success.

It's amazing. The approach you're describing is so comprehensive. You're really witnessing this authoritarian regime pushing on all the levers available to it to achieve this aggressive goal. And it seems as though having complete control over so many elements of society was in a way key to China's success.

What do you mean? What was that?

What do you mean? What was that?

So, Keith, I want to talk about what Trump's answer to China's dominance has been, and that's tariffs, which I covered back when they started in 2018, when Trump put a slew of tariffs on China. The Biden administration continued a lot of them, added some new ones. And now Trump has just added a new 10 percent tariff on China, which went into effect last week. What is the goal of these tariffs?

So, Keith, I want to talk about what Trump's answer to China's dominance has been, and that's tariffs, which I covered back when they started in 2018, when Trump put a slew of tariffs on China. The Biden administration continued a lot of them, added some new ones. And now Trump has just added a new 10 percent tariff on China, which went into effect last week. What is the goal of these tariffs?

The idea is, in the case of China, tariffs are being used to achieve a really long-term goal, which is, as you said, the revival of American manufacturing. Perhaps another way of putting it is to achieve economic independence from China, our adversary.

The idea is, in the case of China, tariffs are being used to achieve a really long-term goal, which is, as you said, the revival of American manufacturing. Perhaps another way of putting it is to achieve economic independence from China, our adversary.