00:00I do not believe in terrorists, terrorists are taxes, but the deal provides crucial stability
00:08in our relations with the United States at a time of grave global insecurity.
00:15Think of the repercussions of a full-fledged trade war with the United States.
00:21Picture the chaos and then put that image next to the one from China just last week.
00:31China flanked by the leaders from Russia and North Korea.
00:35Putin gloating about how Russia-China relations are at an unprecedented high.
00:42None of this is a great surprise, but it reflects the changing landscape
00:47and it creates two imperatives for Europe's independence push and its place in the world.
00:55The first is that we need to double down on diversification and on partnerships.
01:0180% of our trade is with countries other than the United States.
01:06So we need to capitalize now on these new opportunities.
01:10And at a time where the global trading system is crumbling,
01:19we are securing the global rules through bilateral agreements,
01:24like Mexico, like Mercosur,
01:28or finalizing negotiations on a historic deal with India by the end of the year.
01:33We will also build a coalition of like-minded countries
01:37to reform the global trading system,
01:40like with the CPTPP countries,
01:43because trade allows us to strengthen our supply chains,
01:47open our markets, reduce dependencies.
01:50O-U-S-S-S-S-A-L-E-T-C-H-S-E-F-Y-B-B-G-B-C-H-B-R-M-C-H-S-B-R-S-S-I-S-S-F-Y-S-E-S-X-Y-S-S-S-Z-US-S-T-O-T-O-S-S-T-C-H-S-S-S-T-S-T-C-H-S-S.
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