I'm back.

I'm a good.

I'm your host, Charles Fain Lehman, a fellow at the Manhattan Institute and senior editor of City Journal.

Joining me on the panel today, Ily Shapiro, constitutional law guy at the Manhattan Institute, Daniel Di Martino,

Argentinian policy expert, politics expert at the Manhattan suit, apparently, and Tall Fort Gang legal policy guy at the Manhattan.

So, you know, Tall, Tal works for Ilya, so Tal don't mess this up.

Otherwise, it'll

come back in your in your uh review but by work for me that means he writes a bunch of stuff

i read a third of it and and enjoy it that that's our that's our professional relationship it's a

good review tall quote that we have that. We have this on record.

I want to take us into the big news of the day earlier this morning, I think. I was asleep. But China and the United States announced a 90-day temporary reduction in the mutual tariffs.

So they're down on the U.S. side from 145% to 30%.

It's a major de-escalation. As we're recording this, the markets are up like a thousand points,

although God knows what will be happening by the time it comes out. So don't get mad at me,

listeners, if it's changed. Daniel, where are we on this front? You're the Econ guy on the panel.

Is this a good development?

Is this a bad development?

What do you think?

I think the Chinese negotiation team probably knows more about what the U.S. wants than we do.

At this point, I don't know what's the goal of U.S. policy with the tariffs on China.

If the goal was decoupling from China, then you should

have wanted to keep the tariffs, not lift them. And if the goal was to get them to lower the tariffs,

...