00:00I know that for some that potential kind of other outcome might seem very appealing now
00:13but they did go through all the numbers, through all the consequences, through all the impact
00:18it would have at every sector and we did that. And we did that and therefore with full consciousness
00:23I'm 100% sure that this deal is better than the trade war with the United States.
00:30This is the result of a month of genuine and relentless efforts unmatched in their intensity
00:37and matched only by the unparalleled importance of our transatlantic trade.
00:44Its 1.7 trillion dollar value underscores just how much was at stake.
00:50Let's pause for the moment and consider an alternative.
00:56A trade war may seem appealing to some, but it comes with serious consequences.
01:05With at least a 30% tariff, our transatlantic trade would effectively come to a halt.
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