All right, Alexander, let's talk about the trade war that seems to be coming with China,

a U.S. trade tariff war, and possibly, probably EU as well.

The Financial Times, they put out an article the other day with the title,

U.S. set to impose 100% tariff on Chinese electric vehicle imports. I believe the EU is also

planning something very similar. Ursula's very upset with Chinese EVs. It's one of her, her obsessions, it seems. And we had

Xi Jinping recently in Europe. He was in Hungary. He was in Serbia. And he was in France.

And at the meeting with Macron was none other than Ursula von der Le.

And so what do you think is going on here between China and the European Union and China and the United States?

It is a geopolitical conflict masquerading as a tradefall.

I mean, that is what basically it is. It's

absolutely true that China has massively developed its EV technologies, its leading, it's become,

you know, a global leader in this area. It's got big manufacturing capacity.

But you could say that about every, every sector of the Chinese economy now. China economically is huge.

It's, I mean, that is the reality of it. Always the Chinese are going to have a massive presence in any industrial or trade sector.

The reality is that, at least in Europe, the EV sector of the car industry is in absolute crisis.

There's been a struggle getting EV sales to grow.

The investment in this area is in prices.

Also, some companies, apparently some automobile companies, are apparently now looking to switch

investment back towards more conventional cars.

Others are talking more about hybrids.

It's not in particularly good shape.

If the European Union really wants to meet its targets to achieve, you know, net zero, whatever it is, by 2030, at least in cars, and, you know, move us all to electric cars by that time, it can't realistically do it without China.

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