Sumaya Keynes

But equally, the other key thing is that it's being used as a bargaining tone, a way of kind of causing pain to the U.S.

and the U.S.

's allies.

Yeah, well, that's a big question.

I think most people think of trade wars as Trump-style tariff attacks.

And what we are saying is that trade wars are much broader than that, right?

So trade wars involve parties weaponizing trade flows, using trade to coerce other actors, make others do what they want.

It's a scary world out there.

Yeah, so there are essentially two big trade wars happening right now, right?

You've got the trade war that President Trump started on everyone.

But then you've also got the slower burn trade war that China is essentially fighting with the rest of the world.

And this is essentially what Trump is distracting from, right?

By fighting trade wars with everyone else, he's distracting from that big problem.

So step one of winning a trade war is identify the right trade war.

But also logistics win real wars, right?

And so winning a trade war means doing the prep, means identifying where you're weak, identifying where you're strong, considering all the weaponry.

So stockpiling, you know, giving companies handouts in this world of economic conflict.

We have to consider these weapons because that's the world we're in.

Everyone else is fighting dirty.

And so unfortunately, we've got to learn how to as well.