All right, Alexandra, let's do an update on the tariff war between the United States and China.

And that is what this has become.

It has become a tariff war between two superpowers.

The United States is facing off against China.

Every other country that was on Trump's Liberation Day, all the countries with the exception

of Russia and Belarus, which were on Trump's Liberation Day tariff list, no one's even

really talking about that stuff anymore.

Seventy countries that the U.S. is negotiating with Japan the other day, but even Japan was pushing back and

was very happy with what's taking place. But that's a whole subplot, secondary type of,

type of story or type of news that's going on with these tariffs. The main focus is on China and the United States.

This is the big battle that we have going on. So what is the situation between these two?

We did a recent program about this and we said that it's looking increasingly that we're

no longer in a policy of

protectionism anymore. And I think people need to understand this, that this is now becoming

increasingly now a straightforward geopolitical battle between China and the United States.

I am going to repeat my own view here. I know some people are pushing back against this,

but I don't think that was Donald Trump's intention. He has been calling for tariffs ever

since the 1980s, long before China became a peer economic competitor with the United States.

I have no doubt that Donald Trump actually does

believe in tariffs and does see protection of American industry as the way back for American

prosperity. But along the way, he was drawn into this struggle with China and now instead of the civilized, structured divorce,

which it looked like he was trying to negotiate during his first term, we are now in an absolute complete long term.

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