 Good morning, everyone. Thank you for coming here so early. I'm Steve Erlanger from The New York Times. Unfortunately, for you, I'm not Ali Aslan. There was a sudden change of moderator or animator. And I've been picked. So what we have today, I think, is an extremely important topic, which is the influence of Donald Trump, who's a very different kind of American president, to say the least, on world trade, on world politics. And I'm hoping, with this excellent panel, we can also get into something of Mr. Trump's character and how he's changed politics also. The one thing I know, I met Trump more than 30 years ago when he was a businessman. And even then, as he and Ivana and his wife were showing me around a yacht he bought and had Trumpified. It was a yacht. Actually, first owned by Jamal Khashoggi's uncle Adnan, who was the great Saudi arms dealer. And he put it up as collateral for a big loan from the Sultan of Brunei, who sold it to Trump. And so he had a Saudi yacht Trumpified, which was quite extraordinary to see. Lots of suede, lots of gold. But even then, when being president was far from everyone's mind, Donald Trump, I remember, and I wrote this at the time, was obsessed with the sense that trade had been unfair to the United States, that the Japanese then and the Germans were taking advantage of the United States. And even then, he was angry at the number of German Japanese cars on American roads. So some things don't change. But let's hear what our great experts have to say. And I thought we would begin with Michael Fuller. You can look at your books and figure out who everybody is. It's too time consuming for me to introduce them all. Michael, up to you. Thanks.