First of all, we have to define where there are areas of co-operation and coordination. We have to then realize the hard fact that when it comes to economic issues, especially on the trade front, there's going to be competition. There's going to be competition, because the private sector is involved. The private sector is the force that moves semiconductor production and innovation. We want to encourage that. We are going to see a great deal of overcapacity in certain industries, and the chips sector is definitely one of them.
We also have to bear in mind that China is not taking all of this coordinated action against it sitting still. It has developed its own economic plans, as well. It is also enhancing its own economic resiliency and trying to build its own economic partnerships to secure the materials, the know-how and the finances it will need to move forward in the coming decades.
If the United States and its allies, like Japan and Canada, in particular, can work together more on the pioneering issues of AI and quantum. That is where the most co-operation and coordination can happen. Quite frankly, on the manufacturing front, there's going to be more competition, not less.