michael hanlon endorses a donald trump on some topics. a [ laughter ] it's not on every topic. paul, i want to come to you. mike mentioned the china connection. one issue involves forced tech transfer, were companies claim they have to share their core intellectual property. i know you work with many companies. can you provide a perspective from the commercial world on how companies view the intellectual property issue? >> this is a huge question. and the other panelists have outlined many of the themes that i would like to touch on briefly. i agree with michael on the thrust of some of the actions that have been taken recently. it's very important to understand that the 301 action that we are in the middle of now is not about trade as much as it is about tech transfer. i recommend reading the ustr report. is 215 pages, but the section on tech transfer is very important. tech transfer is mentioned at 227 times in that room work. really, we are in the midst of a reassessment in the u.s. on how we do export controls and how we handle things like technology transfer. china has bec