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00:00But when it comes to the tensions that we hear about constantly in the news, who do you think will blink first, the U.S. or China?
00:06These are the two largest economies with two strongmen in power, one projecting more power than another.
00:16The tariffs is not just about making America great again from the U.S. perspective.
00:21It is widely believed that it is meant to hurt other countries more.
00:26So it's not just about absolute power, but relative power.
00:30So under those circumstances, given the domestic popular demands, domestic politics, I think that it's very difficult to say.
00:40Of course, China thinks that this time it's really the U.S. that has started this.
00:45It believes that making concessions to Trump would only demand more from him and that only with equivalent force on U.S. companies to fuel the tariffs,
00:58just like Chinese suppliers are feeling, will it bring the U.S. back to rational discussion?