china, i want to welcome someone intimately familiar with chinese technology and policy industries, adam siegel council on foreign relations. there is so much speculation about who the winners and losers could be here. the reality is we do not really your but what is assessment of the possible impact? adam: i think you're right. we do not know, and when they named specific sectors they were trying to penalize, there were lots of people trying to lobby to be left out of the tariffs, and we are going to have a good sense of where you might fit on that supply chain and how you might be punished. again, who do you think the winners and the losers could be, essentially? adam: they have been fairly they want to punish china in high tech, and iot, internet of devices, internet of automation and robotics. the made in china 2029 plan is to move china up the value chain from labor-intensive production to internet-based 3-d design, so if you are in any of those areas, it is possible you will tariffs.t up in the artificial intelligence, robotics, automation, those are areas i think would be likely targeted