RUSH TRANSCRIPT They say ░░░░░░░░ tolerance they mean no ░░░░░░░░ Great report I want ░░░░░░░░ go to Vivek ramashwami ░░░░░░░░ of a nation of ░░░░░░░░ planning interesting editorial with ░░░░░░░░ Pompeo on the significance ░░░░░░░░ the third Xi Jinping ░░░░░░░░ They used to call ░░░░░░░░ the equivalent of ruling ░░░░░░░░ life but they have ░░░░░░░░ noise in the meantime ░░░░░░░░ economy rising cases at ░░░░░░░░ in their eyes of ░░░░░░░░ and of course this ░░░░░░░░ again off again cans ░░░░░░░░ relationship the ongoing war ░░░░░░░░ Ukraine What do you ░░░░░░░░ of it This could ░░░░░░░░ Xi Jinping more likely ░░░░░░░░ make a move on ░░░░░░░░ in the years ahead ░░░░░░░░ don t believe he ░░░░░░░░ ever go before October ░░░░░░░░ because he did not ░░░░░░░░ to put the third ░░░░░░░░ at risk And instability ░░░░░░░░ t going to take ░░░░░░░░ after this month when ░░░░░░░░ takes the unprecedented third ░░░░░░░░ when he becomes the ░░░░░░░░ serving leader of China ░░░░░░░░ calculus changes it maybe ░░░░░░░░ doesn t want to ░░░░░░░░ the risk of a ░░░░░░░░ and in January 2025 ░░░░░░░░ use this is window ░░░░░░░░ he views as a ░░░░░░░░ objective for China Going ░░░░░░░░ Taiwan It is bad ░░░░░░░░ American interests it since ░░░░░░░░ through the economy because ░░░░░░░░ is the fountainhead of ░░░░░░░░ supply chain Import tissue ░░░░░░░░ and it would cause ░░░░░░░░ for him personally in ░░░░░░░░ That is one thing ░░░░░░░░ they fear this possibility ░░░░░░░░ and no one trading ░░░░░░░░ them A great point ░░░░░░░░ is easy to shun ░░░░░░░░ multinational corporations won t ░░░░░░░░ China in the same ░░░░░░░░ Many are dependent on ░░░░░░░░ for their growth The ░░░░░░░░ multinational corporations that condemned ░░░░░░░░ for taking action against ░░░░░░░░ will not say a ░░░░░░░░ as China makes its ░░░░░░░░ on Taiwan and China ░░░░░░░░ struggling A lot of ░░░░░░░░ struggles to reinvigorate the ░░░░░░░░ sentiment The grand bargain ░░░░░░░░ the Chinese leaders and ░░░░░░░░ people You give them ░░░░░░░░ prosperity with unquestioning allegiance ░░░░░░░░ can make the argument ░░░░░░░░ more economic downfall the ░░░░░░░░ nationalistic mandate he will ░░░░░░░░ to take over Taiwan ░░░░░░░░ he will use that ░░░░░░░░ to go after Taiwan ░░░░░░░░ China controls the global ░░░░░░░░ that puts China in ░░░░░░░░ stronger negotiating position including ░░░░░░░░ with the United States ░░░░░░░░ that is what President ░░░░░░░░ season that opportunity Neil ░░░░░░░░ hope you are wrong ░░░░░░░░ you have good history ░░░░░░░░ you Could I switch ░░░░░░░░ and talk about Saudi ░░░░░░░░ roland warnings it played ░░░░░░░░ what it was getting ░░░░░░░░ the administration to lead ░░░░░░░░ effort to cut production ░░░░░░░░ the OPEC and OPEC ░░░░░░░░ countries a lot of ░░░░░░░░ back and forth between ░░░░░░░░ and the White House ░░░░░░░░ to what a bad ░░░░░░░░ this would be And ░░░░░░░░ wasn t as if ░░░░░░░░ weren t jawboning against ░░░░░░░░ t do it and ░░░░░░░░ t do and they ░░░░░░░░ it Got embarrassed once ░░░░░░░░ crown prince of Saudi ░░░░░░░░ a pariah Then goes ░░░░░░░░ half in hand to ░░░░░░░░ him to produce more ░░░░░░░░ as effectively to watch ░░░░░░░░ renege and what this ░░░░░░░░ is we put ourselves ░░░░░░░░ the position to be ░░░░░░░░ to these foreign dictators ░░░░░░░░ is a shame the ░░░░░░░░ we are producing here ░░░░░░░░ west could more broadly ░░░░░░░░ in western Europe we ░░░░░░░░ that in the name ░░░░░░░░ a 1 sided climate ░░░░░░░░ that doesn t advance ░░░░░░░░ environmental norm at all ░░░░░░░░ United States is one ░░░░░░░░ the cleanest places the ░░░░░░░░ that leaves us vulnerable ░░░░░░░░ the demands and dictates ░░░░░░░░ foreign dictators from Vladimir ░░░░░░░░ to mbs and it ░░░░░░░░ an embarrassment for the ░░░░░░░░ States but also wake ░░░░░░░░ call to say we ░░░░░░░░ not conduct our diplomacy ░░░░░░░░ foreign economic policy on ░░░░░░░░ back of trying to ░░░░░░░░ people to be nice ░░░░░░░░ us it will have ░░░░░░░░ be by showing up ░░░░░░░░ own interests and wake ░░░░░░░░ call that embarrassment will ░░░░░░░░ been worth it Neil ░░░░░░░░ addresses Vladimir Putin and ░░░░░░░░ is going on in ░░░░░░░░ A lot of people ░░░░░░░░ there would be a ░░░░░░░░ people would respond to ░░░░░░░░ pressure back home with ░░░░░░░░ getting tired of what ░░░░░░░░ going on but he ░░░░░░░░ to the pressure from ░░░░░░░░ harder right and far ░░░░░░░░ hawkish element to up ░░░░░░░░ ante and the attacks ░░░░░░░░ Ukraine They are pretty ░░░░░░░░ and all over the ░░░░░░░░ What do you make ░░░░░░░░ it I don t ░░░░░░░░ any evidence boudin is ░░░░░░░░ for an offramp That ░░░░░░░░ wishful theory on diplomacy ░░░░░░░░ lesson here is beforehand ░░░░░░░░ s calculus would have ░░░░░░░░ different if he knew ░░░░░░░░ west was not so ░░░░░░░░ on Russian oil and ░░░░░░░░ Put your self in ░░░░░░░░ s shoes though sanctions ░░░░░░░░ be lifted by the ░░░░░░░░ western Europe relies on ░░░░░░░░ for natural gas and ░░░░░░░░ gives more leverage Not ░░░░░░░░ that is what decided ░░░░░░░░ calculus for him The ░░░░░░░░ we ought to learn ░░░░░░░░ our own self reliance ░░░░░░░░ the calculus of dictators ░░░░░░░░ they decide whether to ░░░░░░░░ their move and to ░░░░░░░░ up to the Xi ░░░░░░░░ point it applies to ░░░░░░░░ in Taiwan if the ░░░░░░░░ had a semi conductor ░░░░░░░░ short up that would ░░░░░░░░ one less disadvantage incurred ░░░░░░░░ the United States of ░░░░░░░░ invades Taiwan changes his ░░░░░░░░ benefit calculus the moral ░░░░░░░░ the story is the ░░░░░░░░ self sufficient the United ░░░░░░░░ is with its own ░░░░░░░░ the less likely foreign ░░░░░░░░ are to incur