Stephen, I wanted to ask you how Japan's system works and what exactly Germany might be able to sort of learn and take from that system.

Yeah, sure.

I just want to quickly say that I agree with what Nina said, because I also find that that comment, when it says short-term benefits, it sort of misses the point, which is that these are deep relationships that these nations are trying to form because the other relationships they have trading-wise are souring in many ways.

If you look at the U.S., it's requiring, what, $550 billion of investment in the nation from Japan, $350 billion from South Korea.

They don't know where that's going to go.

But they know that it will give them a lower tariff rate.

And of course, they're heavily dependent on the U.S. for security.

OK, and I will get into why you think that.