so far on the ground in China from the tariffs? And also, I think more importantly, from the rhetoric that's coming out of the Trump administration. Yeah. I think as soon as the election took place in the US, it was pretty clear on the Chinese side that there's going to be a round two of a US-China trade war. And funny enough, I think it was Wall Street that certainly did not expect, despite over the several weeks and months once the administration took control, that there absolutely was going to be a global trade war of sorts, certainly global tariffs. But I think in China, they certainly understood that at the same time, they believe thus far and they continue to believe that there eventually will also be some kind of US-China deal. That said, on the economic front, the first impact was actually positive in the sense that there was a lot of front loading companies buying a lot of materials in advance of tariffs coming and a lot of inventory buildup taking place out here in the US. So (5/45)
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