believe the attention to detail . they even did my laundry. i love home a blow and i think he will do montini at reagan national airport. this is cnn. this is gps. the global public square. welcome to all of you in the united states and around the world. i m fareed zakaria coming to you from new york today on the program. donald trump gets arrested. finland becomes a member of nato. speaker of the house meets the president of taiwan. unrest rocks the middle east again. all that and more with a great family. then i ll talk to the council on foreign relations. shannon o neill about her contrarian views about that much demise of globalization. and a former ibm ceo ginni rometty. on how to leave. but first here s my take. i m the father of two young women, so there s a part of me that would be absolutely delighted to see tiktok band. it is a scarily addictive app with 150 million us usually list including two out of three teenagers, but the more carefully i think about it, the mo
europe and north america and you point out that off these three regions, north america does the worst explain why north america is the least integrated of these three. you look at trade within europe. it s about 60 65% asia has grown to 60% north america. it s about 40% but it s explain . what do you mean by that 40% of every $10 produced, you know, $4 out of $10. is trade within the region, and the rest goes out to the rest of the world. and what we ve seen in commerce. is that ties to your neighbor that integration the trade between them, especially when it comes down to these components or parts. that that really brings economic strength because you gain economies of scale. you gain specialization, you gain access to different labor markets or skills and the like into you can make things that are highly innovative and quality, but for cheaper prices , and that s where north america we see some areas where this is really worked. automotive is one. we have very deep regional supply ch
automotive industry, but many other industries, electronic textiles or furniture and the like. we haven t seen integration and what we ve really seen is decamping for other places like asia. so this is one of the things that george shows the former secretary of state and sector of treasuries to always say to me, this is the greatest missed opportunity in american public policy that we have not taken advantage of the fact that we have these two great neighbors, you know, on the one hand canada energy rich , you know, has all kinds of commodities on the other side mexico with cheaper labor and that we should have a genuinely integrated north american economy. what stops that? the short answer is politics stops a lot of this. i think you know, in the united states, we got used to a number of decades where we were the world s best manufacturer, the biggest manufacturer, in part because the rest of the world was on its knees after world war two. in part, i think we tend to think still that
were lost and why we see everything in walmart made in it says made in china is really because we see very robust supply chimes lots of integration in asia that are so competitive that they beat out supply chains from other places around the world. so it says, made in china, it was probably finally assembled in china, but they were probably 10, asian countries that were going back and forth with these goods and finally all came together in china. exactly right. there are pieces in parts and components that come from vietnam, south korea, taiwan, thailand, all kinds of places. the last places china, so that s what the sign says. and that s what the trade deficit says when we look at the united states, but it s really that strength of asian supply chains that s competing with us producers and, frankly, north american supply chains, which are weaker than asian. that s to me. the really interesting part of your book is the world is dividing these three regions asia. which largely means eas
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