europe and china is. but blaming the pression for this is just misguided. >> they seem very positive and confident. one more question, do you think part of the market drop today could be related to an understanding of tariffs? when the president tweeted earlier today on the tariffs, he talked so much about tariffs, you know, i wonder and i thought earlier on cnbc from diane swann, that does the president understand tariffs, those who get hit are the u.s. consumer? >> i think the president does understand that. one of the things that the president's been very consistent now, even going back 20 years, is that he has had a problem with trade. he feels there's a trade imbalance. most economists would say trade is only one aspect of the global economy. and that putting too much emphasis on, for example, trying to balance trade at all costs of everything else, including looking at companies in the u.s. who export and make a significant amount of money