WEBVTT - What It Takes to Negotiate With China

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The trade war between the US and China is on pause.

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<v Speaker 2>Officials from both countries have lowered tariffs temporarily, and they've

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<v Speaker 2>agreed to keep talking. Both countries hope they'll be able

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<v Speaker 2>to draft a new trade deal by early August. Wall

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<v Speaker 2>Street welcomed that news, but it is an ambitious timetable,

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<v Speaker 2>and I wanted to get a better sense of how

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<v Speaker 2>realistic it is that in ninety days the US and

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<v Speaker 2>China could resolve their differences and the trade war between

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<v Speaker 2>the world's two largest economies could end. So I called

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<v Speaker 2>up Nicholas Burns, who was the US ambassador to China

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<v Speaker 2>under President Biden. It's one of the toughest jobs in government.

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<v Speaker 3>You've got to both defend and push and resist on

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<v Speaker 3>one hand, and then you've got to stretch out your

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<v Speaker 3>hand to work with them and shake their hand on

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<v Speaker 3>the other. But that makes for a very complicated relationship.

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<v Speaker 2>Burns's job in Beijing was the capstone of a decade's

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<v Speaker 2>long career diplomat. He's held senior jobs under Republican and

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<v Speaker 2>Democratic presidents. Now, Burns is a professor of diplomacy and

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<v Speaker 2>international relations at the Harvard Kennedy School, which is where

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<v Speaker 2>I sat down with him this week to talk about

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<v Speaker 2>what he says is the most important relationship that the

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<v Speaker 2>United States has. I'm David Gura, and this is the

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<v Speaker 2>big take from Bloomberg News Today. On the show, Nicholas Burns,

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<v Speaker 2>the former US Ambassador to China, on the trade war,

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<v Speaker 2>the challenges facing his successor, who was just confirmed by

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<v Speaker 2>the US Senate, and what he's telling his students at Harvard.

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<v Speaker 2>We're worried about the future of diplomacy. I want to

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<v Speaker 2>start with the meetings that took place over the weekend

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<v Speaker 2>in Geneva, and I'm curious how you look at the

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<v Speaker 2>way they unfolded and the outcome of them.

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<v Speaker 1>Do you see it as a positive step?

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<v Speaker 3>Well, first of all, I started from a first principle,

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<v Speaker 3>and that is that China's been the largest and most

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<v Speaker 3>important disruptor in the global trade system for about three decades.

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<v Speaker 1>Right now.

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<v Speaker 3>There's a reason why the United States and many other

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<v Speaker 3>countries around the world have placed terraces on China. China's

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<v Speaker 3>manufactured exports, in particular, is because China has been dumping

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<v Speaker 3>them around the world below the cost of production and

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<v Speaker 3>it's been a killer for jobs both in the United

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<v Speaker 3>States historically in the last several decades, but also around

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<v Speaker 3>the world. So I have a degree of sympathy for

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<v Speaker 3>the situation that President Trump and his team inherited, which

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<v Speaker 3>was a situation that we left when I left in

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<v Speaker 3>mid January as ambassador to China. The Chinese are trying

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<v Speaker 3>to act now is that they're the innocent party, that

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<v Speaker 3>they're the victim of this trade war by President Trump,

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<v Speaker 3>and that they're the responsible party, when in.

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<v Speaker 1>Fact the reality is quite different.

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<v Speaker 3>Having said that, these are going to be very very

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<v Speaker 3>difficult negotiations over the next ninety days, I think in

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<v Speaker 3>the end, self interest and logic will prevent both sides

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<v Speaker 3>need an agreement. China's our third largest trade partner. About

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<v Speaker 3>a million American jobs depend on trade with China. Manufacturing

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<v Speaker 3>jobs in China depend on trade with the United States.

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<v Speaker 3>So neither country can afford to sunder the economic ties

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<v Speaker 3>and the millions of interactions that our private sector has

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<v Speaker 3>had with the Chinese economy over the last forty years.

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<v Speaker 3>And I think in the end there will be a

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<v Speaker 3>trade agreement, but getting there, I think is going to

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<v Speaker 3>be extraordinarily difficult.

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<v Speaker 2>During your tenure, you were trying to, if I may,

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<v Speaker 2>rehabilitate a relationship that had worsened during the first Trump administration,

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<v Speaker 2>develop conduits for communication, re establish economic and security ties.

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<v Speaker 2>When you left that post, could you've envision this turning

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<v Speaker 2>out the way that it has in terms of how

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<v Speaker 2>the rhetoric has been ratcheted up, the tariffs have been

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<v Speaker 2>put in place. Is it the worst case that you

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<v Speaker 2>envisioned or worse yet?

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<v Speaker 3>Still, I certainly did not anticipate one hundred and forty

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<v Speaker 3>five percent American terrorists on China or one hundred and

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<v Speaker 3>twenty five percent on Chinese tariffs on American goods, and

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<v Speaker 3>the trade war that has resulted effectively led to a

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<v Speaker 3>trade embargo as of the past week, when no ships

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<v Speaker 3>were sailing with goods back and forth, when manufacturers couldn't

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<v Speaker 3>export to each other's countries, and you see the significant

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<v Speaker 3>shortage of goods that traditionally are important to both economies.

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<v Speaker 3>So I didn't expect that to happen at all. We're

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<v Speaker 3>the two largest global economies, so we have a profound

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<v Speaker 3>impact on the health of global economy. But we also

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<v Speaker 3>need the global economy to be functioning in a rational

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<v Speaker 3>and stable way, and I think you know, we're not

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<v Speaker 3>anywhere close to being out of the woods. If the

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<v Speaker 3>levels now are set at thirty percent tariffs on the

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<v Speaker 3>American side imposed on China and ten percent by China

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<v Speaker 3>imposed on the United States, those are historically high levels,

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<v Speaker 3>and a lot of trade will not be able to

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<v Speaker 3>take place. It just simply won't be economical.

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<v Speaker 2>A minute ago, you spoke about how China is portraying

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<v Speaker 2>not just the talks, but the way that this trade

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<v Speaker 2>war is unfolded. How effective you think that is. Do

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<v Speaker 2>they walk away from this feeling like they have the

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<v Speaker 2>upper hand. Do you think the world views them as

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<v Speaker 2>having the upper hand in these negotiations.

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<v Speaker 3>Well, the Chinese press, the nationalist press, and to an extent,

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<v Speaker 3>the government of China have been saying that they held out,

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<v Speaker 3>that they stood strong, and that they faced up to

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<v Speaker 3>the American tariff threats and they did not blink. And

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<v Speaker 3>they've been trumpeting that line in the global South. President

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<v Speaker 3>she just hosted most of the major leaders from South

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<v Speaker 3>America at a major summit he's been making. He made

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<v Speaker 3>a trip in Southeast Asia to the Asian country. So

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<v Speaker 3>they clearly are signaling to the United States. You're not

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<v Speaker 3>going to bully us. We have other options. You've seen

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<v Speaker 3>a big increase in Chinese manufactured exports to their neighbors.

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<v Speaker 3>So yes, the government of China is trying to portray

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<v Speaker 3>itself as the steady, solid country that stood up to

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<v Speaker 3>the United States. I think that China needs a deal too.

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<v Speaker 3>There's a reason why the Chinese met with Secretary of Vessant.

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<v Speaker 3>The economy is slowing down. They're facing lower GDP growth

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<v Speaker 3>for the next five to ten years. They have a

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<v Speaker 3>property crisis that continues to linger. They have a consumption problem.

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<v Speaker 3>The Chinese people are not consuming in a rational way,

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<v Speaker 3>sitting on their money because of the uncertainty of the

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<v Speaker 3>investment environment in China itself. They have strength in the

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<v Speaker 3>Chinese economy, enormous strengths, but they also have these weaknesses.

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<v Speaker 3>China could not afford a sustained trade war with the

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<v Speaker 3>United States. That's why they were at the table, and

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<v Speaker 3>that's why they've agreed to a deal in ninety days.

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<v Speaker 2>What did you learn being there about that country's capacity

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<v Speaker 2>to whether something like this. So you're saying they couldn't

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<v Speaker 2>sustain it long term, but give us some insight into

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<v Speaker 2>how they had been preparing for a moment like this

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<v Speaker 2>one where there would be this kind of geopolitical test.

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<v Speaker 3>I was in China, of course, during the presidential election,

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<v Speaker 3>our presidential election of November twenty twenty four, and as

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<v Speaker 3>soon as President Trump was declared the winner in that

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<v Speaker 3>election and prepared to office, the Chinese began to prepare

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<v Speaker 3>for a trade war. They saw it coming. They had

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<v Speaker 3>listened to Canadate Trump. They've did a lot of remobilization

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<v Speaker 3>of their supply chain to try to stock up on

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<v Speaker 3>minerals and on technologies that were important to them, and

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<v Speaker 3>they expected this. They also have an authoritarian system of government,

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<v Speaker 3>and so it's a one man rule, and President Hijinping

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<v Speaker 3>whatever he says goes. He prepared the Chinese people for

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<v Speaker 3>a long struggle with the United States. And you know,

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<v Speaker 3>China is like the United States. People are patriotic about

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<v Speaker 3>their country. I would say there's a highly nationalist element

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<v Speaker 3>in Chinese social media, and there are hundreds of millions

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<v Speaker 3>of Chinese involved in Chinese social media. So this was

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<v Speaker 3>a moment where the leadership said, we have to stand

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<v Speaker 3>strong and defend our country.

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<v Speaker 1>And they think they've done that.

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<v Speaker 2>After the break Nick Burns weighs in on the job,

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<v Speaker 2>facing his successor and the effects of the Trump administrations

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<v Speaker 2>cuts to the federal government. The US is going to

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<v Speaker 2>have a new ambassador in Beijing soon, David Perdue has

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<v Speaker 2>been confirmed.

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<v Speaker 1>I wonder if.

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<v Speaker 2>You've spoken with him, exchanged messages with him, and what

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<v Speaker 2>counsel you would give him about the role itself and

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<v Speaker 2>the ways in which you've found you can be the

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<v Speaker 2>most successful.

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<v Speaker 1>Well.

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<v Speaker 3>I have spoken with him, and I wish him the

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<v Speaker 3>best of success, because we have so much writing on

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<v Speaker 3>this policy with China that we've got to be successful.

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<v Speaker 3>I think he's very well placed to be ambassador. He

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<v Speaker 3>worked in business in Hong Kong and Singapore. He's been

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<v Speaker 3>to China. As a member of the Senate, he was

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<v Speaker 3>on Foreign Relations and Armed Services Committees, which are the

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<v Speaker 3>two relevant committees, two of them for China, and has

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<v Speaker 3>a clear sense of what he wants to do.

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<v Speaker 1>It's a tough job.

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<v Speaker 3>I found out, it's not for the feint of heart.

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<v Speaker 3>We have with China the most competitive relationship of any

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<v Speaker 3>country in the world. China is our leading competitor for

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<v Speaker 3>military influence and military power in the Indo Pacific, our

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<v Speaker 3>leading competitor on the major technologies AI, biotech, quantum computing

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<v Speaker 3>that will form the basis of the future of the

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<v Speaker 3>global economy. Our third largest trade partner with which we

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<v Speaker 3>have a very problematic trade and teriff relationship. And obviously,

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<v Speaker 3>and maybe this is the most important part of it,

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<v Speaker 3>we believe in human freedom and human rights, and the

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<v Speaker 3>Chinese government does not practice that. There are major violators

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<v Speaker 3>of the human rights of their own people. But at

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<v Speaker 3>the same time, and this makes it so complicated, David,

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<v Speaker 3>is that China's our largest and strongest competitor, but there

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<v Speaker 3>are certain issues where China is one of our most

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<v Speaker 3>important partners. We're the two stewards of the global economy.

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<v Speaker 3>We're seeing that play out right now in the teriff issue.

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<v Speaker 3>On climate change. We're the two leading emitters of carbon

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<v Speaker 3>and so President Biden felt very important to work with China.

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<v Speaker 3>If we want to do anything about fen, we've got

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<v Speaker 3>to work with China to make that happen. So I

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<v Speaker 3>always thought it was it wasn't a fifty to fifty balance.

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<v Speaker 3>I actually thought I spent about eighty percent of my

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<v Speaker 3>time on the competitive edge with China, about twenty percent

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<v Speaker 3>on cooperative matters.

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<v Speaker 1>And that I thought was the right ratio.

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<v Speaker 3>But that makes for a very complicated relationship where you've

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<v Speaker 3>got to both defend and push and resist on one hand,

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<v Speaker 3>and then you've got to stretch out your hand to

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<v Speaker 3>work with them and shake their hand on the other.

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<v Speaker 3>That's the reality of being the American ambassador to China.

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<v Speaker 2>Before I kind of pull back and ask you some

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<v Speaker 2>broader questions, I wonder how you felt about the relationship

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<v Speaker 2>between the US and China when you left.

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<v Speaker 3>Well, I arrived in China, was sworn in in twenty

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<v Speaker 3>twenty one, and arrived a couple months later hawkish about

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<v Speaker 3>the relationship on national security grounds, because China is this

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<v Speaker 3>very serious competitor impinging on a lot of American interests

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<v Speaker 3>in the end opisis And I think I left China

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<v Speaker 3>more hawkish.

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<v Speaker 1>Yeah.

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<v Speaker 3>I saw the reality of the relationship and the cynical

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<v Speaker 3>nature of the government of China, and of the duplicity

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<v Speaker 3>on some issues of the government of China, the fact

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<v Speaker 3>that we would make an agreement and then it wasn't honored.

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<v Speaker 3>So I think this is a long term structural rivalry.

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<v Speaker 3>We're competing for global power.

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<v Speaker 1>I don't think that will change.

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<v Speaker 3>No, matter who's president, and so we've got to steal

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<v Speaker 3>ourselves for the next decade or two to a historic

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<v Speaker 3>competition with China, and China right now is stronger than

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<v Speaker 3>any adversary of the United States has ever faced in

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<v Speaker 3>the history of the United States, going back to the

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<v Speaker 3>Revolutionary War, including the First and Second World Wars, including.

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<v Speaker 1>The Cold War.

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<v Speaker 3>The Soviet Union and its heyday was not as strong

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<v Speaker 3>as China is today. And so we've got to face

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<v Speaker 3>that competition. But here's the catch. We've got to do

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<v Speaker 3>it in such a way that we don't end up

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<v Speaker 3>in a war, because a war would be catastrophic. But

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<v Speaker 3>to be engaged with the Chinese leadership, to talk to them,

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<v Speaker 3>as Secretary Vescent did this past week on the teriff issue,

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<v Speaker 3>but on a thousand other fronts. Be engaging them and

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<v Speaker 3>talking to them so you can compete. We can cooperate

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<v Speaker 3>where we can, but we avoid a conflict, which in

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<v Speaker 3>the future would be an absolute catastrophe. That makes for

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<v Speaker 3>a very difficult and complex job.

0:12:27.160 --> 0:12:30.160
<v Speaker 2>There seems to be a message from this administration Washington

0:12:30.480 --> 0:12:34.760
<v Speaker 2>that there can be bombasted and heated rhetoric, radically increased tariffs,

0:12:35.160 --> 0:12:36.800
<v Speaker 2>but then you can flip the switch back and things

0:12:36.840 --> 0:12:39.760
<v Speaker 2>can go back to normal. And drawing on your experience

0:12:40.000 --> 0:12:42.199
<v Speaker 2>as a diplomat for many decades, do you think that

0:12:42.200 --> 0:12:44.200
<v Speaker 2>that's folly or that that's accurate.

0:12:44.559 --> 0:12:47.160
<v Speaker 3>I think we're at a moment of great transformation in

0:12:47.240 --> 0:12:51.960
<v Speaker 3>the global power picture where alliance is shifting very rapidly.

0:12:52.600 --> 0:12:56.640
<v Speaker 3>You see that China and Russia, in Iran and North

0:12:56.760 --> 0:12:59.960
<v Speaker 3>Korea and Venezuela and Nicaragua are kind of all working together,

0:13:00.040 --> 0:13:04.839
<v Speaker 3>the authoritarian dictatorships, and they're working together to try to

0:13:04.840 --> 0:13:07.680
<v Speaker 3>cut down the power of the United States, reduce it

0:13:07.720 --> 0:13:11.400
<v Speaker 3>in the world, and of our democratic allies. And I

0:13:11.480 --> 0:13:14.840
<v Speaker 3>always felt, working for President Biden, that one of our

0:13:14.880 --> 0:13:19.360
<v Speaker 3>strongest suits is that we have reinforced our alliances despite

0:13:19.360 --> 0:13:21.320
<v Speaker 3>the fact that we are still the strongest power in

0:13:21.320 --> 0:13:23.760
<v Speaker 3>the world. You do need friends and allies in the world,

0:13:24.160 --> 0:13:26.440
<v Speaker 3>and I do think that's the greatest mistake that President

0:13:26.480 --> 0:13:30.359
<v Speaker 3>Trump has made in his first four months in office.

0:13:30.840 --> 0:13:35.040
<v Speaker 3>If Donald Trump had faced China down, but had not

0:13:35.800 --> 0:13:40.959
<v Speaker 3>placed high tariffs on Japan, South Korea, the European Union, Canada,

0:13:41.000 --> 0:13:44.680
<v Speaker 3>and Mexico, all those countries would have been on our

0:13:44.800 --> 0:13:48.200
<v Speaker 3>side of the table. Have the same trade and tariff

0:13:48.200 --> 0:13:51.400
<v Speaker 3>problems with China that we do, but they weren't interested

0:13:51.440 --> 0:13:54.480
<v Speaker 3>in doing that once they were placed under the same

0:13:54.559 --> 0:13:57.720
<v Speaker 3>tariff regime that China was placed under. And so I

0:13:57.800 --> 0:14:01.719
<v Speaker 3>fear that the administration really has a blind spot. They

0:14:01.720 --> 0:14:03.959
<v Speaker 3>think the United States can go it alone in the world.

0:14:04.000 --> 0:14:04.520
<v Speaker 1>We can't.

0:14:04.960 --> 0:14:08.160
<v Speaker 3>And so that's an own goal by the Trump administration.

0:14:08.280 --> 0:14:10.600
<v Speaker 3>It's one that they've got to reverse if they hope

0:14:10.640 --> 0:14:11.320
<v Speaker 3>to be effective.

0:14:11.720 --> 0:14:14.920
<v Speaker 2>Can you recognize the State Department today? You can spend

0:14:15.040 --> 0:14:18.120
<v Speaker 2>forty five years in government service, given the cuts that

0:14:18.160 --> 0:14:21.280
<v Speaker 2>have taken place, the priorities of it, How different is

0:14:21.320 --> 0:14:23.000
<v Speaker 2>it from the place that you first went to forty

0:14:23.000 --> 0:14:23.720
<v Speaker 2>five years ago.

0:14:23.920 --> 0:14:25.120
<v Speaker 1>David, I answer it this way.

0:14:25.520 --> 0:14:27.720
<v Speaker 3>I spent a lifetime in government at the State Department

0:14:27.760 --> 0:14:31.680
<v Speaker 3>in White House, serving in Washington and overseas. Every government

0:14:31.720 --> 0:14:35.400
<v Speaker 3>agency can be subject and should be subject to reform.

0:14:35.920 --> 0:14:40.520
<v Speaker 3>But taking a sledgehammer to USAID and firing eight thousand

0:14:40.520 --> 0:14:43.880
<v Speaker 3>people in one week, without a thought, without a plan,

0:14:44.240 --> 0:14:46.880
<v Speaker 3>without actually knowing what you're tearing down, that was a

0:14:47.000 --> 0:14:53.920
<v Speaker 3>huge mistake. Treating nonpartisan civil servants, military officers, foreign service

0:14:53.960 --> 0:14:57.880
<v Speaker 3>officers as if they are disloyal because they work for

0:14:57.920 --> 0:15:01.240
<v Speaker 3>President Biden. Well, they also work for President Bush. They've

0:15:01.280 --> 0:15:04.240
<v Speaker 3>worked people like me work for both parties. We take

0:15:04.280 --> 0:15:07.200
<v Speaker 3>an oath to the Constitution to be nonpartisan, but the

0:15:07.240 --> 0:15:12.640
<v Speaker 3>Trump administration has not appointed a single foreign service professional

0:15:12.680 --> 0:15:16.520
<v Speaker 3>ambassador since it took office. They've appointed lots of political appointees,

0:15:16.840 --> 0:15:19.520
<v Speaker 3>but nobody from the ranks of our serving career diplomats.

0:15:20.200 --> 0:15:23.680
<v Speaker 3>Seventeen of our deputy chiefs of mission are number two

0:15:23.720 --> 0:15:27.920
<v Speaker 3>officials in embassies who were assigned to these jobs and

0:15:27.960 --> 0:15:30.960
<v Speaker 3>getting ready to go have been told they're not going.

0:15:31.560 --> 0:15:33.960
<v Speaker 3>And many of them, if not all, of that group,

0:15:34.160 --> 0:15:38.520
<v Speaker 3>are women and people of color. And so there is

0:15:38.560 --> 0:15:41.960
<v Speaker 3>a crisis in our civil service right now. And if

0:15:42.000 --> 0:15:44.280
<v Speaker 3>these cuts continue the way they are, and if the

0:15:44.320 --> 0:15:48.360
<v Speaker 3>denigration of our civil servants continue, you're losing a great

0:15:48.440 --> 0:15:50.600
<v Speaker 3>group of people who just want to serve the country

0:15:50.600 --> 0:15:52.400
<v Speaker 3>and want to do it in a non partisan way,

0:15:52.840 --> 0:15:56.280
<v Speaker 3>and they will be nonpartisan, that is the Foreign Service

0:15:56.280 --> 0:15:59.960
<v Speaker 3>and US government way. And I think the Trump administration

0:16:00.040 --> 0:16:03.960
<v Speaker 3>and has been extraordinarily destructive of this tradition we've had

0:16:03.960 --> 0:16:06.120
<v Speaker 3>in this country now for about one hundred and thirty

0:16:06.200 --> 0:16:09.840
<v Speaker 3>years of a professional civil service, not a political spoils

0:16:09.880 --> 0:16:13.320
<v Speaker 3>system what we had in the nineteenth century, but professional

0:16:13.320 --> 0:16:15.800
<v Speaker 3>civil service that would serve the country and serve any

0:16:15.840 --> 0:16:19.080
<v Speaker 3>president at the American people elected. That's what's at stake,

0:16:19.840 --> 0:16:22.160
<v Speaker 3>And I think when the pendulum does swing back at

0:16:22.200 --> 0:16:26.239
<v Speaker 3>some point, we're going to have to recreate USAID, recreate

0:16:26.280 --> 0:16:30.040
<v Speaker 3>the Voice of America, recreate Radio Free Asia. These are

0:16:30.120 --> 0:16:33.760
<v Speaker 3>journalists who we employ to tell the story of the

0:16:33.840 --> 0:16:37.960
<v Speaker 3>United States, in the case of China, to several hundred

0:16:38.080 --> 0:16:42.680
<v Speaker 3>million Chinese listeners of VOA and Radio Free Asia. So

0:16:43.440 --> 0:16:47.400
<v Speaker 3>enormous damage has been done by this very cynical effort.

0:16:48.160 --> 0:16:52.720
<v Speaker 3>Doge to tear down all these institutions and not replace

0:16:52.800 --> 0:16:54.640
<v Speaker 3>them with anything of value.

0:16:54.760 --> 0:16:57.200
<v Speaker 2>But you're confident that that force of gravity will swing

0:16:57.200 --> 0:17:00.000
<v Speaker 2>the pendulum back, that we will be able to do that.

0:17:00.160 --> 0:17:01.040
<v Speaker 1>I don't recreate these I.

0:17:01.000 --> 0:17:03.840
<v Speaker 3>Don't think anybody can predict when reason will prevail again

0:17:03.960 --> 0:17:07.280
<v Speaker 3>and logic will prevail and sanity. But it has to

0:17:07.880 --> 0:17:11.040
<v Speaker 3>because I think future administrations, future presidents will look around

0:17:11.080 --> 0:17:14.120
<v Speaker 3>at their government and say, where are my AID workers?

0:17:14.480 --> 0:17:18.119
<v Speaker 3>How do we run vaccine programs, global health programs, literacy

0:17:18.200 --> 0:17:21.080
<v Speaker 3>programs that we ought to be doing around the world

0:17:21.160 --> 0:17:24.840
<v Speaker 3>Because if Americans are generous people, where are my diplomats?

0:17:24.880 --> 0:17:27.879
<v Speaker 3>Why do I not have any diplomats with thirty or

0:17:27.920 --> 0:17:31.600
<v Speaker 3>forty years of experience? Well, they were all fired, summarily

0:17:32.359 --> 0:17:35.320
<v Speaker 3>kicked out in the first couple of weeks and months

0:17:35.320 --> 0:17:38.520
<v Speaker 3>of the Trump administration. It's a true national crisis.

0:17:39.119 --> 0:17:39.640
<v Speaker 1>I'd like to.

0:17:39.600 --> 0:17:43.640
<v Speaker 2>Close by asking you what you're telling students here who

0:17:43.720 --> 0:17:46.199
<v Speaker 2>are here at the Kennedy School here at Harvard to

0:17:46.880 --> 0:17:49.680
<v Speaker 2>learn from your experience, to learn an art of diplomacy

0:17:49.760 --> 0:17:53.200
<v Speaker 2>that has been practiced and perfected for many decades.

0:17:53.680 --> 0:17:56.200
<v Speaker 1>What do you tell them? Hang on, hang on to

0:17:56.280 --> 0:17:56.960
<v Speaker 1>your ideals.

0:17:57.440 --> 0:17:59.680
<v Speaker 3>It's a good thing to want to spend your life

0:17:59.680 --> 0:18:02.560
<v Speaker 3>survey the United States of America, your country.

0:18:02.560 --> 0:18:03.280
<v Speaker 1>It's a good thing.

0:18:03.320 --> 0:18:05.240
<v Speaker 3>You want to be in the public square what Teddy

0:18:05.359 --> 0:18:10.200
<v Speaker 3>Roosevelt called the arena of public service. Study hard, and

0:18:10.520 --> 0:18:13.800
<v Speaker 3>don't leave that dream behind of public service. Because what

0:18:13.840 --> 0:18:16.920
<v Speaker 3>a tragedy would be for our country if young people

0:18:17.000 --> 0:18:18.639
<v Speaker 3>in this country felt, well, I can't serve in the

0:18:18.640 --> 0:18:22.240
<v Speaker 3>federal government because I'm not welcome as a career official

0:18:22.600 --> 0:18:26.880
<v Speaker 3>in the federal government. We need non partisan americans out

0:18:26.880 --> 0:18:31.200
<v Speaker 3>there representing us without any regard to party allegiance. That's

0:18:31.240 --> 0:18:34.680
<v Speaker 3>an enormous asset, and if we let it wither away,

0:18:34.720 --> 0:18:37.080
<v Speaker 3>and this administration is doing that, it's going to do

0:18:37.240 --> 0:18:38.600
<v Speaker 3>enormous damage to our country.

0:18:43.160 --> 0:18:45.600
<v Speaker 2>This is The Big Take from Bloomberg News. I'm David Goura.

0:18:46.000 --> 0:18:48.800
<v Speaker 2>This episode is produced by our senior producer Naomi Shaven,

0:18:49.000 --> 0:18:49.920
<v Speaker 2>with help from Amber A.

0:18:50.000 --> 0:18:50.359
<v Speaker 1>Lee.

0:18:50.920 --> 0:18:53.920
<v Speaker 2>It was edited by Patty Hirsh, Tracy Samuelson, Molly Smith,

0:18:54.040 --> 0:18:57.280
<v Speaker 2>John Low, and Ramsey Alraccabe. It was fact checked by

0:18:57.359 --> 0:19:00.479
<v Speaker 2>Rachel Lewis Chrisky and mixed and sound designed by Segura.

0:19:01.000 --> 0:19:04.640
<v Speaker 2>Our senior editor is Elizabeth Ponso, Our deputy executive producer

0:19:04.720 --> 0:19:08.120
<v Speaker 2>is Julia Weaver. Our executive producer is Nicole Beamster. Board

0:19:08.359 --> 0:19:11.439
<v Speaker 2>Sage Bauman is Bloomberg's head of Podcasts. If you liked

0:19:11.480 --> 0:19:13.960
<v Speaker 2>this episode, make sure to subscribe and review The Big

0:19:14.000 --> 0:19:16.640
<v Speaker 2>Take wherever you listen to podcasts. It helps people find

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<v Speaker 2>the show. Thanks for listening. We'll be back on Monday.