and maybe they re right. but the longer this goes on without it being resolved or one side even hinting at blinking, the more i worry. but clearly the markets do not. do you? up until now, the trump administration has been relatively controlled. relatively modest in terms of implementing these tariffs or additional trade levies. the comments suggest the administration is willing to step up the policies and increase the barriers to imports coming in from overseas. if we do see these policies put in place, this will have very negative implications for the u.s. economy. china an export driven economy will feel the pain more so. the u.s. will not escape unscathed when we talk about job losses, hits to income. overall loss of productive capacity. the pathway could be getting to a position where we are protecting intellectual property or u.s. goods from counter fit. that pathway of getting to the