Chinese have an economic plan called dual circulation.

And with dual circulation, our goal is to make sure dual circulation means export and domestic use.

Dual circulation cannot mean that China overproduces and that only Chinese goods are consumed in China, and then they export the excess to the rest of the world.

So we have had the equivalent, because of these high tariff rates, of an embargo on China,

and those goods are going to leak to the rest of the world.

So, you know, our negotiations, we don't need to tell other countries what they

need to do. They are seeing this wave of Chinese goods coming to their shore. They have to find a

home that could be at a discount price undercutting local producers. And again, one of the most

important things that we're doing, we do not want a generalized decoupling from China, but what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID, and we realized that efficient supply chains were not resilient supply chains.

So we are going to create our own, protect our steel industry,

they work on critical medicines, on semiconductors.

So we are doing that, and the reciprocal tariffs have nothing to do with the specific industry tariffs.

What has to happen is it has to be fair for the American people.

But in January 2020, that's Scott Besson.

So today, historic day, Secretary of Treasury Bennett, Bessent, and Ambassador Jameson Greer, live from Geneva this morning.

Scott Bessons flying to Saudi Arabia, I think even as we speak.

So they started off at 3 o'clock Eastern time with a live press conference to explain this 90-day kind of process with the Chinese Communist Party.

And the key takeaways, number one, he said this is a strategic decoupling.

At first he said decoupling and then he refined it later.

Strategic decoupling. What he means by that is that not all industry is going to come back.

They're not going to make a forced effort on all industries. They're going to focus on high value

added manufacturing, particularly precision engineering, precision manufacturing.

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