00:00Yes, indeed, the United States have sent us a letter with measures that would come into effect unless there is a negotiated solution.
00:09So we will therefore also extend the suspension of our countermeasures till early August.
00:16And at the same time, yes, indeed, the United States have sent us a letter with measures that would come into effect unless there is a negotiated solution.
00:26So we will therefore also extend the suspension of our countermeasures till early August.
00:34And at the same time, we will continue to prepare further countermeasures so we are fully prepared.
00:39Very important in this is always the second and the third element.
00:45The second element is to diversify our trade relationships.
00:48So this big and important political agreement on a free trade agreement with Indonesia is today a huge milestone forward and shows that we are looking for new market, open market.
01:02And the third element, of course, is working on the single market itself, deepening the single market because this is our safe harbor.
01:10Thank you, Mr. President, do you want to add?
01:17No, then we will take a second question.
01:20Second question, Francesca.
01:24Madam President, Francesca Basso, Corriere della Sera.
01:28You received the letter from U.S.
01:31You always choose the dialogue as a strategy, but apparently it's not paying off.
01:41So what is your reaction to this letter that has some strong tone?
01:51So we have, as you know, a two-track approach.
01:54It's very important.
01:55We have always been very clear that we prefer a negotiated solution.
02:01This remains the case, and we will use the time that we have now till the 1st of August.
02:08And on the second track, since the very beginning, we have worked and now are ready to respond with countermeasures.
02:16We've prepared for this, and we can respond with countermeasures if necessary.
02:22So this two-track approach pays off because we are prepared.
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