Susan Kokinda

He said, look, companies would come in and want to invest in a processing facility here in the United States.

And they'd go through the onerous regulatory policies and they'd put a lot of money into this and they're just about ready to get going.

And China would come in and undercut the price and wipe them out and they'd go bankrupt.

So we didn't have anything in the United States.

He said, that's crazy.

He said, so we're going to create new kinds of mechanisms where the producers are protected and they can produce.

So what I mean by we're not dumb any longer, you know, dumb is blindly following the British free trade system.

blindly believing in some mystical invisible hand is going to make it all work out.

No, the invisible hand is picking your pocket to feed the city of London.

And Donald Trump isn't playing that game any longer.

And that's the problem that the British have right now.

I think it was a mistake.

I don't think they I don't think they expected this administration to do what it did, which is to step in and say, OK, you're not going to do it.

We will.

So we essentially just broke a 300 year monopoly on shipping insurance by them pulling out.

Because, of course, that's the first time they had ever canceled insurance through all the other conflicts, you know, in the last 30, 40, 50 years.

If you have a conflict in the region.

They jacked the prices up.

That was their business model.

They did quite well from that.