00:00What's the threat of tariffs at this point? Because previously you had referred to it as an economic tariff Armageddon, and those deadlines are approaching. So how big of a risk are they now?
00:11Yeah, but my view then, I mean, remember, there was some scary weeks. Administrations backed off significantly in terms of China, and I think you'll see those descale further in terms of ultimate tariffs. And I think Trump administrations recognize, and I've seen it being in D.C. a few times, maybe initially what they're looking for, they had a backtrack.
00:31And I think that's, look, that's what the market is factoring in as well. You'll have a baseline 10% tariff, you'll have some incremental reciprocal tariffs, but that's not significantly moving the needle here.
00:44I also think the most important thing is a U.S.-China trade deal on the table, and that's something, especially for NVIDIA, when you claw back 50%, 60% of the China business, that they've essentially handed to Huawei.
01:01You're also included, you'll have some of those who alsoアップ 60% African- mph.
01:04So that's what I think, you know, that's all about the companies' hacen, a number of schools that have built over the North Coast, but that's been some sort of base in talking how to describe it in Japan.
