Are you still seeing that out there?

Let me just – I think – This world that we're talking about, the world of weaponized interdependence, is in many ways very uncomfortable for a lot of policymakers.

And that's kind of where Henry started with the Treasury was not built originally to manipulate markets in order to target coercion.

So first, there's just the level setting of that the bureaucracies were not structured for this purpose.

then you start to add objectives.

So if you think about traditional trade wars, it's often about trying to rebalance trade flows.

But here, we're thinking about objectives.

you're talking about, right?