00:00My advice to the Prime Minister is, you know, get out of the way.
00:02If there's a fight going on between the US and the EU,
00:05the role of the British Prime Minister is to get out of the way.
00:07We want to be friends with both.
00:09Instead, he chooses the very day the United States President says
00:12there's a difference between the UK and the EU.
00:14So Kirstarmer goes to the EU and tries to say,
00:16well, we're just like the EU.
00:17That's not smart.
00:19Well, tariffs end up with higher prices on the high street.
00:22And that's not good for consumers.
00:23That's not good for anyone.
00:24And potentially, if it leads to retaliations left and right,
00:28all countries doing it, that destroys economic growth.
00:30That's what happened in the 1930s and led to the Great Depression.
00:34So yes, we should be worried and concerned about tariffs
00:38and retaliatory tariffs.
00:39There are very few gains to come from escalating a tariff war.
00:44And we've seen overnight with President Trump with Mexico
00:47that the answer there wasn't about tariffs.
00:49It was about something else.
00:51And so perhaps what President Trump would be looking for from Europe
00:53is what he's often said, which is they want the European countries
00:56to pay more for NATO, NATO defence.
00:58And of course, the Conservative Party had a costed plan
01:00to increase their support for NATO.
01:02Labour hasn't done that.
01:03And so Kirstarmer may need to be looking at ways
01:06that he could respond in that way,
01:08should the president start to talk about tariffs on the UK.
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