00:00But it's been so fascinating because you and I are talking right now about Canada and China
00:05forming closer strategic partnerships. We're also going to be speaking about India in a minute.
00:11But it's fascinating how quickly things are changing. And I was just wondering where this
00:15leaves the U.S. in the whole puzzle as they become more protectionist and other big global economies
00:21look for different partnerships. Yeah, well, the kind of unfortunate and maybe ironic thing is that
00:28the U.S. promoted the globalization, right, promoted free trade decades ago. And now we have retrenched
00:38into this more protectionist America first mode. And that is, I think, going to have real consequences,
00:45right? You can't find a country out there that's happy about the universal tariffs of 10%, let alone
00:51the reciprocal tariffs of varying percents levied against them, right? And so countries like China
00:56are going to have a much easier time now engaging with countries who normally would be closer with us
01:03because they're offering, again, stability and predictability.
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