No one wins in a trade war

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Transcript

00:00First of all, the EU and Canada has hit back against Donald Trump's tariffs.

00:05Do you think this is a wise decision?

00:08It's very much in stark comparison to the UK, who's reacted extremely calmly.

00:15It's a regrettable decision for everyone, most notably the consumers of all of these countries,

00:21the families and businesses that have to pay for these tariffs.

00:25That said, I understand the frustration of the Canadians and the Europeans,

00:30who have been good trading partners with the United States in these tariffs.

00:36Really, what President Trump said in his intentions to win is that nobody wins a trade war,

00:44and really it's the consumers of all kinds that end up losing

00:49by paying more for all of these goods and services.