00:00President Trump's announcement of universal tariffs on the whole world, including the
00:06European Union, is a major blow to the world economy. I deeply regret this choice. Let's
00:14be clear-eyed about the immense consequences. The global economy will massively suffer.
00:22Uncertainty will spiral and trigger the rise of further protectionism. The consequences
00:28will be dire for millions of people around the globe, also for the most vulnerable countries
00:36which are now subject to some of the highest US tariffs. The opposite of what we wanted
00:43to achieve.
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