tariffs and we would move away from income taxes and this could be permanent. neil: we always assume the china will blink because they need us more than we need. >> theoretically. neil: 18 1/2% of their gdp. >> used to be 33%. neil: you could then make the argument well maybe not. >> here's the thing you have to look at the chinese economy. first off we should point out that part of the slowdown i believe is from basically the government induced credit crunch. they're cracking down on sort of flagrant spending. you read about h and a, this company no one ever heard before. they borrowed so much from the chinese government, they are essentially part of the chinese government to go on acquisition spree. it is now being forced to scale back. stuff like that is having an impact on their economy more than anything we're doing. so remember -- neil: in this second punch, could it drive that wedge further? >> they could stop doing that and we should point out that