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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Intelligence Podcast. Catch us live weekdays at ten am

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Speaker 1: Eastern on Applecarplay and Android Auto with the Bloomberg Business App.

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Speaker 1: Listen on demand wherever you get your podcasts, or watch

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Speaker 1: us live on YouTube.

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Speaker 2: So the tariff trump Man definitely came into effect here.

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Speaker 2: Our President Trump rattled overall markets with a new tariff

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Speaker 2: threat on European goods at fifty percent. Now not liking

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Speaker 2: the pace of these tariff negotiations, Roz Mathis, and Bloomberg

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Speaker 2: News director in Europe for the Middle East and Africa

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Speaker 2: joins us. Now, Ros, how seriously is Europe.

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Speaker 3: Taking this.

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Speaker 4: Well?

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Speaker 5: So far, the Commission is saying nothing, and that's because

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Speaker 5: they're probably waiting for this conversation that's supposed to be

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Speaker 5: happening today between their chief negotiator for the EU, morrow Sefkovic,

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Speaker 5: and Jemison Greer, his US counterpart, So they're laying very

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Speaker 5: low before that call. But what we can sense already

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Speaker 5: is is the idea that they see this as the

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Speaker 5: negotiating tactic. And indeed, the US Treasury Secretary of Scott

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Speaker 5: Bessett seemed to indicate that a short time ago when

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Speaker 5: he said he hopes it quotes light a fire under

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Speaker 5: the EU, and it seems to just be going into

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Speaker 5: that call a sense of frustration from the US at

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Speaker 5: the pace of the negotiations, rather than they are intending

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Speaker 5: at this minute to impose a fifty percent have and

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Speaker 5: so they're seeing it as part of the realm of

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Speaker 5: the negotiations and the tactics from the US At this point,

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Speaker 5: even though you did see obviously that market reaction, we

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Speaker 5: didn't see a massive mood, for example in the Euro

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Speaker 5: again pointing to the idea that in the market as well,

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Speaker 5: people are interpreting this as part of the custom cut

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Speaker 5: and thrust of being negotiating on trade. And so we

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Speaker 5: have to really see at this point what happens from

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Speaker 5: that phone call letter.

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Speaker 6: Today you saw the social media post from the president.

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Speaker 6: Does Donald Trump have any legitimate grapes when it comes

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Speaker 6: to the EU?

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Speaker 5: Well, he says he does, and I guess the frustration

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Speaker 5: on the US part is, but the EU is just

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Speaker 5: a much bigger economic entity to deal with and say,

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Speaker 5: getting a trade framework agreement with a country like the

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Speaker 5: UK where I am, and so these are much more

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Speaker 5: complicated arrangements with a collection of companies the EU versus

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Speaker 5: one individual country, and a lot more economic clout on

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Speaker 5: the EU side arguably as well. And the EU has

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Speaker 5: its own lines in the sand bet around agriculture, cars

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Speaker 5: and so on, and so these were always going to

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Speaker 5: be much more fraud negotiations.

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Speaker 2: What did the EU propose that President Trump thought was

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Speaker 2: not good enough.

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Speaker 5: Well, they came back with a counter proposal to the

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Speaker 5: US proposal to the proves apps been a bunch of

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Speaker 5: counter proposals, but this is about addressing some of the

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Speaker 5: issues around environmental standards, labor standards, and you know, a framework.

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Speaker 5: They were the EU was setting out to move towards

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Speaker 5: zero tariffs on a lot of goods aside from things

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Speaker 5: that are seen as very essential, including around agriculture. And

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Speaker 5: obviously that proposal has gone to the US. The US

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Speaker 5: is not how with it. They're coming back for a

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Speaker 5: further conversation. But again the messages that Donald Trump obviously

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Speaker 5: wanted these conversations to be moving a lot faster than

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Speaker 5: the reality is the EU was probably going to move.

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Speaker 5: And so now they're leaning heavily in the idea of

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Speaker 5: you know, Donald Trump saying I would give you a number,

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Speaker 5: and here is the number. It's fifty percent if you

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Speaker 5: don't comply. Again, the question is is that the new

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Speaker 5: ten percent or is that on top of what we

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Speaker 5: already know it seems to be would be a flat

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Speaker 5: rate either way. But again, you know, the reality is

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Speaker 5: the US is negotiating at this point with a much

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Speaker 5: bigger economic entity in a much more complicated fashion. So

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Speaker 5: these conversations are always going to take time, and even

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Speaker 5: then you're just looking at getting a framework, not a

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Speaker 5: lot of the nuts and bolts of a full throated

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Speaker 5: trade agreement.

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Speaker 6: Ross, thanks very much, we appreciate it. With Ross Mathis

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Speaker 6: and the Bloomberg News director for Year of the Middle

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Speaker 6: East and Africa.

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Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch us live

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Speaker 1: weekdays at ten am Eastern on Applecarplay and Android Otto

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Speaker 1: with the blue Berg Business app. Listen on demand wherever

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Speaker 1: you get your podcasts, or watch us live on YouTube.

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Speaker 3: All right, it's get to Ana rag Rana.

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Speaker 2: He's Bloomberg Intelligence senior US technology analyst.

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Speaker 3: Thirty five hundred dollars for an iPhone question mark.

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Speaker 4: Yeah, I do not know if that's going to be

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Speaker 4: that high, but frankly speaking, it's going to take years

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Speaker 4: for something like dex to be built in the US.

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Speaker 4: There are no big factories here to assemble these things.

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Speaker 4: The one in India started back in twenty seventeen, and

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Speaker 4: you know, it took several years for them to even

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Speaker 4: come up for the first one. So not an easy

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Speaker 4: problem for Tim Cook to solve. Right now, I'm hoping

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Speaker 4: he's picking up the phone and you know, calling President

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Speaker 4: Trump to see how he can smooth the issues out.

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Speaker 4: Perhaps more spend on higher margin items, on chips and

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Speaker 4: other areas, but you know, putting together an iPhone in

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Speaker 4: the US is going to be, you know, one tough task.

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Speaker 6: Is there a credible scenario for production in the United States?

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Speaker 6: Any credible scenario?

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Speaker 4: No, there are credible scenarios. It depends on how much

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Speaker 4: cost you want to you know, incur If you want

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Speaker 4: to run on a very thing margin, yes you can

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Speaker 4: do it. The real way to do it is to

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Speaker 4: have robotics take care of it. But that's not I

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Speaker 4: mean we're not there and yet.

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Speaker 6: So the whole point of this is to get workers'

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Speaker 6: jobs created in the US.

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Speaker 4: Yeah, But to think about it, you know, from an

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Speaker 4: assembly point of view. This is not for anybody's you know,

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Speaker 4: liking a high margin or a high profile job. Do

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Speaker 4: you're just assembling phones? I mean, I know what it

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Speaker 4: means from a from a you know, marketing point of view,

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Speaker 4: but you know, you're better off spending money on high

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Speaker 4: end semiconductor chips that are several hundred dollars worth in

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Speaker 4: a phone. You know, a few hundred dollars of labor,

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Speaker 4: you know, from one side to the other, does not

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Speaker 4: really add up to the benefit of you know, anybody,

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Speaker 4: either the US or Apple. You know, what's going to

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Speaker 4: happen is people are going to go gravitate more towards

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Speaker 4: Samsung phones because the cost differential is going to be

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Speaker 4: so wide. So it's it's not easy to go out

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Speaker 4: and do these you know, what I would call is

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Speaker 4: the lower end consumer electronic products compared to some of

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Speaker 4: the high end you know, data center stuff for things

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Speaker 4: that have much higher capics involved with them.

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Speaker 2: So if I'm taking a look at Apple stock, were

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Speaker 2: off the lows, but we're still down like two percent,

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Speaker 2: should an investor just completely ignore these headlines at this point?

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Speaker 4: No, no, no. In fact, on the contrary, this is

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Speaker 4: no longer about US and China. This is concerning because

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Speaker 4: this is a director. You know, you could say direction

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Speaker 4: towards Apple and say, well, you are not doing enough.

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Speaker 4: Let me see what you're going to do now. So

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Speaker 4: don't go by that twenty five percent, because if Apple

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Speaker 4: doesn't go out and fix this problem, you know, this

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Speaker 4: rate could go up even higher. So it's it's it's

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Speaker 4: more so directed towards one company, which is very unusual

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Speaker 4: for you know, for us to see.

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Speaker 6: Frankly, well, what has changed do we know in the

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Speaker 6: relationship between Donald Trump and Tim Cook? Because, as I

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Speaker 6: said before, they kind of got to pass the last

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Speaker 6: time around.

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Speaker 4: Yeah, I'm not privy to those discussions, Frankly, And you know,

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Speaker 4: one of the things I remember, we just heard that

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Speaker 4: he did complain in one of his speeches that Tim

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Speaker 4: Cook wasn't around with him when he was invesiting the

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Speaker 4: Middle East. So I do not know what's happened behind

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Speaker 4: the scenes, but definitely not the best time for Apple

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Speaker 4: in terms of their government relationships. So that's why I'm saying.

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Speaker 4: I'm hoping that they you know, pick up the phone,

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Speaker 4: figure out whatever the deal is, they make it, they

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Speaker 4: spend the extra money, and then take care of whatever

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Speaker 4: the big you know, lingering issues are.

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Speaker 2: So now no one's been able to answer your question.

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Speaker 2: So that leads me to believe that you need to

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Speaker 2: go research this, Tucker.

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Speaker 3: Nobody knows what has changed between Tim Cook and President Trump.

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Speaker 6: Again, I was feeling it for you.

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Speaker 2: He's just going to rub salt in this wound. So

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Speaker 2: honorag just you know, for you to know. Paul's out today.

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Speaker 2: So John Tucker comes in and says, I'm going to

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Speaker 2: be you. Alex, You or Paul, you do all the

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Speaker 2: work and I just sit here and I am continually

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Speaker 2: offended by this.

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Speaker 6: We started off on the wrong.

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Speaker 3: We really did. See he's laughing. He knows that's not true. Honuraq,

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Speaker 3: I appreciate you.

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Speaker 2: On Oak Granda, Bloomberg Intelligence Senior Technology Analyst.

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Speaker 1: You're listening to the Bloomberg Intelli Religion's podcast. Catch us

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Speaker 1: live weekdays at ten am Eastern on Apple, Cocklay and

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Speaker 1: Android Auto with the Bloomberg Business App. Listen on demand

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Speaker 1: wherever you get your podcasts, or watch us live on YouTube.

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Speaker 2: Alex Steel here alongside John Tucker. Paul Sweeny is off today.

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Speaker 2: This is Blomberg Intelligence Radio. We bring you all the

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Speaker 2: top news and business, economics and finance. We are broadcasting

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Speaker 2: our smart TV originals content as well as YouTube dot com.

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Speaker 2: The stunning headline I sound like Tom Keene, but the

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Speaker 2: stunning headline from yesterday that really truly was a jaw dropper.

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Speaker 2: All across the newsroom was Harvard University and its latest

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Speaker 2: conflict with President Trump. Harvard now suing the Trump administration

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Speaker 2: over the Trump administration's decision to block the school from

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Speaker 2: enrolling international students, and that affects twenty seven percent of

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Speaker 2: the student body. Got Tom at Mukonda is executive Fellow

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Speaker 2: at Yale School of Management. Put this into context of

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Speaker 2: what this could mean for a school like Harvard that

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Speaker 2: not only relies on the brain power of the twenty

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Speaker 2: seven percent of the student body, but also the money

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Speaker 2: of the twenty seven percent of that student body.

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Speaker 7: So this is potentially very damaging for Harvard, which of

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Speaker 7: course relies not just on the money. These are money

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Speaker 7: and brain powers. So these are some of the best

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Speaker 7: students in the world. But there will be a Harvard

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Speaker 7: for a long time after this, universities are incredibly resilient Oxford.

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Speaker 7: If you go to Oxford and Cambridge, you will see

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Speaker 7: niches in the walls that are empty, and if you

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Speaker 7: look into the nit back of the niche, you see

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Speaker 7: shattered remnants of sculptures. Because Oliver Cromwell's soldiers stormed the

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Speaker 7: universities and shattered the images, universities survived lots of things.

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Speaker 7: The damage here is not to Harvard, it is to

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Speaker 7: the United States. Just back up for a second and

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Speaker 7: think about this. Imagine that the Chinese government decided to

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Speaker 7: attack an American asset that generated tens to hundreds of

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Speaker 7: billions of dollars in economic value every year. That was

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Speaker 7: the single most important institution in securing American leadership and science, technology,

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Speaker 7: and that also took in the next generation of global leaders,

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Speaker 7: exposed them to the best of the United States, and

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Speaker 7: indoctrinated them in American values, and then sent them home.

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Speaker 7: If the Chinese government decided to attack an asset of

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Speaker 7: that value, we would expect the United States government to

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Speaker 7: go to war to defend it. And instead it is

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Speaker 7: the United States government that is doing it to us,

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Speaker 7: to itself.

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Speaker 6: And beyond the economic contribution of these students. There are

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Speaker 6: other components too. This is sort of like, I mean,

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Speaker 6: would you think that it's sort of like the United

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Speaker 6: States shooting itself on the foot?

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Speaker 7: The United States shooting itself in the foot would be

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Speaker 7: kind compared to that. This is the United States shooting

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Speaker 7: itself in the stomach. Let's again, let's put this in perspective.

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Speaker 7: The just recently Nature identified the ten top research universities

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Speaker 7: in the world. So the ten universities of the world

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Speaker 7: that contribute the most to science technology.

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Speaker 6: Only two of those ten.

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Speaker 7: Were American, the other eight were Chinese. Eighth was matt

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Speaker 7: mit and first was Harvard. There is no way to

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Speaker 7: be globally competitive without leadership and science technology. And the

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Speaker 7: Trump administration is attacking the institution of the United States

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Speaker 7: that is most successful at doing that.

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Speaker 3: So how does this then play out?

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Speaker 2: Clearly, this will be tied up in the courts forever,

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Speaker 2: and there was a stay from a California judge overnight.

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Speaker 2: But if I'm an international student, why would I even

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Speaker 2: take the risk at this point?

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Speaker 3: Like the brain drain can start.

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Speaker 7: Now, Yeah, I mean, so this is clearly lawless by

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Speaker 7: the administration.

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Speaker 6: It is clearly pretextual.

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Speaker 7: So in Christy Gnomes's letter to the Harvard there is

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Speaker 7: not a claim of any laws being violated. Is simply

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Speaker 7: a bunch of demands. And I note that in Secretary

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Speaker 7: Devoce's letter to Harvard explaining why they were taking earlier

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Speaker 7: actions anti Semitism, which is supposedly the reason all of

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Speaker 7: this was done, was not even mentioned.

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Speaker 6: Right. This is clear pretextual.

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Speaker 7: This is not to say that Harvard hasn't made mistakes,

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Speaker 7: of course it has. It's not to say that Harvard

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Speaker 7: hasn't handled issues badly.

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Speaker 6: Of course it has.

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Speaker 7: But none of this is about that, right, And so

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Speaker 7: from the perspective of not just students but also top

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Speaker 7: tier researchers right who are dependent heavily on federal funding,

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Speaker 7: they're going to be thinking about leading. And here's the

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Speaker 7: irony of all ironies. Hong Kong Technology has already announced

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Speaker 7: that they will accept students and researchers who are refugees

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Speaker 7: from Harvard on favorable terms. The Trump administration is taking

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Speaker 7: the best minds in the world and trying to make

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Speaker 7: them flee to China.

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Speaker 6: Is there time for them to even transfer, as Christy

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Speaker 6: Gnome or whomever in the administration said they should do.

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Speaker 7: You know, I think it depends on the person. It

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Speaker 7: depends on the student. But there are people who are

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Speaker 7: devastated right now. I'm getting emails from former students who

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Speaker 7: are in tears, who don't know what's going to happen

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Speaker 7: to them. And surely the cruelty is part of the point.

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Speaker 7: I mean, let's be clear. This is not christ you

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Speaker 7: Knowoam said it's herself. This is not about Harvard. This

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Speaker 7: is about an attempt by the administration to break American

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Speaker 7: higher education to its will.

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Speaker 6: Right.

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Speaker 7: It is trying to seize control of American ed universities

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Speaker 7: and get them become organs of indoctrination. And that's not

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Speaker 7: me claiming it. That is literally what Christy Nome has

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Speaker 7: stated in her statements. Right, So, yeah, this is going

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Speaker 7: to go a lot beyond Harvard, and you know, you

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Speaker 7: may leave Harvard and find out that it chases you

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Speaker 7: to wherever you go next too.

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Speaker 2: Well, how does this affect this comes from our producer

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Speaker 2: in the control room. How does this affect those that

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Speaker 2: are graduating next week? I mean, if you're an overseas student, like,

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Speaker 2: do you wind up getting that degree?

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Speaker 7: I mean, my guess is that Harvard will be able

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Speaker 7: to get a stay in place for the next week.

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Speaker 7: But no one knows that the cruelty and the chaos

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Speaker 7: this is imposing is not accidental. It is the point

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Speaker 7: they are trying to inflict as much harm as on everybody,

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Speaker 7: because it is an object lesson for everyone else. Right,

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Speaker 7: Harvard has more wealth, more power, and more institutionals than

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Speaker 7: almost any other sort of organization in America. I mean,

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Speaker 7: this side of Bloomberg itself. Harvard may have more independence

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Speaker 7: from the federal government than anyone else. If they can

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Speaker 7: break Harvard, then they are sending a sign that they

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Speaker 7: can do it to anybody. And that is the message

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Speaker 7: that this is trying to convey.

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Speaker 6: Not to mention the network of alum pretty powerful alum.

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Speaker 6: Where do they come in on this and.

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Speaker 3: How can they?

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Speaker 7: Well, so the alums are sort of consistently, not all

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Speaker 7: of them to a huge amount, rallying. I'll tell you

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Speaker 7: something that I said that I've heard also back from

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Speaker 7: many other people. You know, I first got tied to

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Speaker 7: Harvard in nineteen ninety seven when I was admitted as

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Speaker 7: an undergraduate. And you know, I was there as a student.

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Speaker 7: I was there as a faculty member. I'm at Yale now,

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Speaker 7: so you know, some mixed feelings about this because of that.

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Speaker 7: But I've often been proud of being associated with Harvard

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Speaker 7: because it said something about, you know, about me that

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Speaker 7: they admitted to me or whatever. But I've often been

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Speaker 7: skeptical about Harvard because it seemed focused on you know,

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Speaker 7: maybe money or ambition over ideals. They are always thing

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Speaker 7: is to criticize there. This is the first time in

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Speaker 7: my life that I have been proud of Harvard, right.

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Speaker 7: I have been proud of the fact that the university

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Speaker 7: is clearly taking a step out and saying we are

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Speaker 7: the front line of defensive American democracy and we will

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Speaker 7: hold the line. And I cannot tell you how many

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Speaker 7: lums have said to me they have never felt this

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Speaker 7: good about Harvard as they have at this moment.

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Speaker 1: Wow.

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Speaker 3: All right, well, we really appreciate that. Thank you for

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Speaker 3: joining us.

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Speaker 2: Got Tam Muconda, executive fellow at Yale School of Management,

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Speaker 2: joining us in the latest a news from Harvard and

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Speaker 2: the Trump administration and where we go next.

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Speaker 1: You're listening to the Bloomberg Intelligence Podcast. Catch us live

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Speaker 1: weekdays at ten am Eastern on Apple Coarclay and Android

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Speaker 1: auto with the Bloomberg Business App. Listen on demand wherever

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Speaker 1: you get your podcasts, or watch us live on YouTube.

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Speaker 2: We have a special guest for you in studio. Really

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Speaker 2: happy to get this perspective. Mario marcel Is a chile

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Speaker 2: finance minister. You joined this in studio. There is a

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Speaker 2: Chile Day event a year conference that promotes Chile in

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Speaker 2: the international finance market.

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Speaker 3: What is your pitch to investors right now?

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Speaker 8: Well, this meeting happens has been happening every year for

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Speaker 8: I think that like fifteen years so far. Every year

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Speaker 8: we have a special focus. This year is basically that

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Speaker 8: the Chilean economy has fully rebalanced from the disquilibria that

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Speaker 8: was left after COVID nineteen, that we have our house

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Speaker 8: in order. The economy grew to zero point six percent

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Speaker 8: last year and we are prepared to continue growing. But

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Speaker 8: of course we are facing the risks that everyone does

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Speaker 8: these days. But the Chile appears to be better prepared

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Speaker 8: on a number of dimensions to face the juncture.

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Speaker 6: All right, Now, be honest with this next question. You

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Speaker 6: just heard Kevin Whitelaw talking about does the rest of

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Speaker 6: the world think the United States is nuts?

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Speaker 8: A question it is, can I yes, Fifth Amendment?

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Speaker 6: Okay, all right, all right, since you're going to take

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Speaker 6: the fifth on that. And by the way, I have

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Speaker 6: to say, just parenthetically, on my bucket list is a

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Speaker 6: visit to Chile.

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Speaker 3: Okay, well, you're talking to the right person. It looks

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Speaker 3: like not me.

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Speaker 6: What is the driest desert in the world, I believe, right, yeah.

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Speaker 8: Sure, And but do I know that the desert is

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Speaker 8: a home to a.

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Speaker 6: Very large telescope appropriately a name, among other things. So

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Speaker 6: for science geeks, that's the place to go.

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Speaker 8: Teles coves, wind power, mining, cover mining, lithium mining, all

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Speaker 8: of that.

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Speaker 6: CELLI is one of the largest copper producers in the world,

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Speaker 6: if not the biggest.

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Speaker 8: Number one.

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Speaker 6: Can I talk to you about the dollar, the weakness

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Speaker 6: in the dollar and em currencies like the peso have

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Speaker 6: been on a tier. Your thoughts on the dollar weakness,

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Speaker 6: and then whether or not you have to galeback purchases

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Speaker 6: of US data as a result of that.

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Speaker 8: Yes, so, well, the way we see it is that

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Speaker 8: you know, in the balance between the dollar as a

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Speaker 8: refuge in terms of uncertainty and the issues that concentrate

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Speaker 8: on risk coming from the US. The second is waiting

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Speaker 8: more today, and that is what has been weakening the

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Speaker 8: US dollar.

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Speaker 2: So we mentioned the commodities that Chile produces, et cetera.

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Speaker 2: Just how is that going? And I say that globally,

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Speaker 2: but what I mean is that the tear of negativity

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Speaker 2: globally has disrupted a lot of investment decisions, disrupted a

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Speaker 2: lot of long term contracts or demand.

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Speaker 8: What have you noticed, Well, we have a very strong

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Speaker 8: pipeline of investment producing mining, particularly in copper. Those have

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Speaker 8: multiplied by five for the next four years in the

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Speaker 8: course of a little more than a year. Basically because

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Speaker 8: the long term price of copper is expected to remain

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Speaker 8: pretty solid. Uh, and there will still be a lot

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Speaker 8: of world demand for copper coming from electron mobility, from

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Speaker 8: technological changes, from construction in some countries. So and actually

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Speaker 8: the price of copper has remained pretty strong in the

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Speaker 8: last in the last few months, even in the face of.

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Speaker 2: The tariffs that just where you send that copper from

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Speaker 2: Chile to have that changed at all, Well.

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Speaker 8: Our copper production, in terms of metal as kettles, goes

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Speaker 8: mostly to the US. We are the main supplier of

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Speaker 8: copper kettles to the US market and therefore a very

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Speaker 8: important supplier of US manufacturing, and the copper concentrate is

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Speaker 8: basically demanded from China, given that China has the largest

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Speaker 8: smelting capacity in the world.

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Speaker 6: The quality of the ore have you been able to

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Speaker 6: maintain that?

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Speaker 8: Well? A large part of investments are aimed at at

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Speaker 8: the compensating for the declining quality of ore as minds

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Speaker 8: get older. So that means that in Chile we have

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Speaker 8: we're planning to have a lot of investment. Part of

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Speaker 8: that we will compensate over that and other part will

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Speaker 8: increase the volume of production. We expect to grow a

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Speaker 8: production by one million tons from twenty to twenty thirty.

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Speaker 6: And the range of possibilities for the election with the

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Speaker 6: elections at the end of the year. At the end

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Speaker 6: of the year, what does it mean for investors? Because

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Speaker 6: there are the current president your boss her term is up.

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Speaker 8: Correct, Yes, we don't have a re election in Chile.

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Speaker 8: Therefore there will be a new president.

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Speaker 6: But the range of possibilities what the that mean for investors?

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Speaker 8: Well, so far it looks like the investors are very

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Speaker 8: positive about the sort of the structural strength of the country.

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Speaker 8: They don't see any major policy changes coming up in

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Speaker 8: their areas like in this case copper or energy or

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Speaker 8: other key sectors in the Chilean economy. So in the

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Speaker 8: last few days we have had announcements of pretty large projects.

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Speaker 8: Total announced sixteen billion project on green hydrogen and ammonia

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Speaker 8: in the far South. We had Amazon Web Services announcing

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Speaker 8: four and a half billion dollars in data centers. The

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Speaker 8: digital industry infrastructure is growing pretty much in Chile as well.

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Speaker 2: How does that impact domestic inflation when you have a

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Speaker 2: lot of industry then coming down.

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Speaker 8: Well, demand is pretty much in line to the economy

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Speaker 8: growing more two and a half percent. Inflation is pretty

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Speaker 8: much under control. We have some upward pressure coming from

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Speaker 8: the normalization of electricity tariffs that were frozen during the

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Speaker 8: COVID nineteen crisis, but we expect inflation to go back

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Speaker 8: to the central Bank target of three percent by the

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Speaker 8: beginning of twenty twenty six.

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Speaker 6: Are you going to stick around in your job through

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Speaker 6: the end of the year or like, what's your.

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Speaker 8: Well, I will stay there as long as President needs me.

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Speaker 8: But I mean, we have so many things to do.

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Speaker 8: We have, you know, further physical consolidation to implement. We

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Speaker 8: have announced just an additional package of incentives for new

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Speaker 8: investments in the country, and of course dealing with the

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Speaker 8: negotiations with the US on taistent trade.

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Speaker 2: All right, Maria, thanks lot, We really appreciate it. Thank

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Speaker 2: you so much for joining us. Maria marcel a chile

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Speaker 2: finance minister.

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Speaker 6: And on the way home, I will be stopping to

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Speaker 6: get some Chilean wine because it's very good.

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Speaker 8: It is.

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Speaker 6: He agrees a recommendation.

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Speaker 3: Okay, if on a is you going to give you recommendation?

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Speaker 2: Yes, we'll work off air. We'll get some recommendations for

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Speaker 2: some good Chilean wine. That's a great idea.

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Speaker 3: John Tucker the best amazing price to quality ratio.

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