Chamath explains four key industries that the US needs to onshore: 1) The AI Supply Chain 🧠 2) Energy ⚡️ 3) Critical Minerals and Rare Earths ⛏️ 4) Pharma APIs 💊 On E223, @ezraklein asked @chamath what success would look like for Trump's tariff / onshoring agenda: Chamath: "There is a major issue that the United States has that's much bigger than China." "We are not in a position to take care of what we need." "We depend on folks whose view of the United States can change in real time." Ezra: "Give me what indices you are going to look for." Chamath: "We need to measure and protect four critical areas." 1) The Entire AI Supply Chain 🧠 "Number one is all of the technology, both the chips, as well as the enabling technology around artificial intelligence." "It must be a robust, largely American supply chain." 2) Energy ⚡️ "Number two is energy." "We do not have the capability we need to make the energy we need quickly." "In many ways, we have critical supply chains that can be shut off by China around photovoltaics." 3) Critical Minerals and Rare Earths ⛏️ "Number three... there are critical material inputs that drive the material science of the future." "So we have a critical minerals and rare earths and material science input problem." 4) Pharma APIs 💊 "And then the fourth, Ezra, are pharma APIs." "So that when American citizens get sick, we have the ability to not just make it, but also design it and manufacture it."