00:00We will assess tomorrow the announcements very carefully to calibrate our response.
00:07Our objective is a negotiated solution.
00:11But of course, if need be, we will protect our interests, our people and our companies.
00:18And I want to be very clear on the aim of our response.
00:23We think that this confrontation is in no one's interest.
00:27First, the flow of goods and services between us, the United States and Europe, is nearly balanced.
00:35Of course, we are willing to work on the trade balance of goods as well as on the trade balance
00:41of services.
00:43This is the largest and most prosperous trade relation worldwide.
00:49We would all be better off if we could find a constructive solution.
00:55At the same time, it also has to be clear.
00:59Europe has not started this confrontation.
01:01We do not necessarily want to retaliate.
01:04But if it is necessary, we have a strong plan to retaliate and we will use it.
01:11Thank you.
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