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QuestionerU.S. and China delegations are in China for intense discussion on so-called trade war. Let's go one step beyond the trade war. Do you think there's a win-win situation for both countries, or the world is just too small for both to win? The United States and China are going to be the two superpowers of the world. economically and in other ways for a long, long, long time.
WarrenWe have a lot of common interests, and like any two big economic entities, there are times when there'll be tensions. But it is a win-win situation when the world trades, basically, and China and the U.S. are the two big factors in that, but there's plenty of other citizens of the world that are involved in how this comes out. And there's no question, and a nice thing about it in this country, I think, is that both Democrats and Republicans basically unbalance, believe in the benefits of free trade. We will have disagreements with it. each other will have disagreements with other countries on trade, but it's just too big and too obvious for that the benefits are huge, and the world's dependent on it, and a major way for its progress, that too intelligent countries will do something extremely foolish. We both may do things that are mildly foolish from time to time. And there is some give and take, obviously, involved. We've done remarkably well with trade. China's done remarkably well with trade. The countries of the world are done remarkably well with the trade. So it is a win-win situation, and the only problem gets to be one one side or the other may want to win a little bit too much, and then you have a certain amount of tension. But we will not sacrifice. The world, I mean, will not sacrifice world prosperity based on differences that arise in trade. I think we're getting along fine, and I'm very optimistic that both nations will be smart enough to realize that the last thing they should do is have any ill will for the other.