I would just point out that China and the EU will, without question, move to a more robust regulatory régime. I agree with that, that's just going to happen. But also, the US will act to move past its "rubberstamp" regulatory framework.

Now, should China or the EU regard the new US regulatory framework as being any more effective than the last "rubberstamp" US framework? Absolutely not. But changes will happen within the US as well, and there is an opportunity there to make things better.

All that said, yeah, in this case, people can be forgiven for being skeptical of the US. So most of the improvement in quality will likely be driven by the regulatory proctology exams we'll probably see out of China and the EU. But, hey, as long as better quality comes from somewhere, that's better for the people of the world overall.