or north korea, what is he bringing back? >> well, on north korea, there's no change. i believe that the situation is, there's mutual constraints against all countries. the north korean nuclear program, the solution of that goes through pyongyang, not through washington or beijing as many people claim. so that is in deadlock. we probably have to play the long game until there's some revolutionary change in north korea, so there's really no change there. but on trade policy, i would say that i think the president's abandonment of multi-lateralism is a mbig mistake. and his pursuit of bilateral agreements would make sense in the 1970s and 1980s when most companies in asia, the biggest