World leaders line up to attack Trump tariffs

CGTN Europe

U.S. President Donald Trump's move to impose sweeping tariffs on imports sparked threats of retaliation, as companies and governments rushed to count the costs from an escalating trade war.  German Chancellor Olaf Scholz said Trump was ‘treading a path that will only end up with losers,’ French Prime Minister François Bayrou called the decision a ‘catastrophe’, while the UK’s Keir Starmer said his country had ‘a range of levers at our disposal’. Australian Prime Minister Anthony Albenese gently chided Trump’s decision to put trade barriers on the tiny Norfolk Island, an Australian territory that does next to no trade with the U.S.  Read more: https://shorturl.at/GlDSf

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00:00President Trump's announcement of universal tariffs on the whole world,

00:05including the European Union, is a major blow to the world economy.

00:10We are going to fight these tariffs with countermeasures.

00:15We are going to protect our workers.

00:18Today marks a new stage in our preparations.

00:21We have a range of levers at our disposal.

00:24The US government is taking a path where there will only be losers.

00:30This decision is a catastrophe for the world economy.

00:37It is a huge difficulty for Europe.

00:41I think it is also a catastrophe for the United States and for American citizens.

00:47Norfolk Island, interestingly, is I think 29%.

00:53I'm not sure what Norfolk Island major exports are to the United States

01:00and why it's been singled out, but it has.

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