00:00We're going to form a board of trade, and the idea will be for non-critical, non-strategic areas,
00:11things that the U.S. doesn't want to make, that we're never going to reshore,
00:16so something like fireworks or very low-end consumer goods that are going to keep coming
00:21from China no matter what, so we can un-tariff those, and then there are many things that
00:27they want to buy from us. There was talk today about the Chinese buying more U.S. energy,
00:32and the U.S. is exporting a record amount of crude and LNG now. The only binding constraint
00:40is our export facilities. We're going to be building more export facilities. We're going
00:45to be ramping up in Alaska, which is a natural for China, and given what's going on in the Mideast,
00:51we think that not only China, but countries all around the world are going to look to
00:56diversify away from the Middle East for a more stable source of energy, and what better
01:00place than the U.S.? But the idea of starting with 30 billion by 30 billion that both sides
01:07can designate, again, for non-critical areas and areas that we're not trying to reshore.
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