00:00President Trump's announcement of universal tariffs on the whole world, including the European Union, is a major blow to the
00:09world economy.
00:10I deeply regret this choice. Let's be clear-eyed about the immense consequences.
00:17The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism.
00:27The consequences will be dire for millions of people around the globe, also for the most vulnerable countries, which are
00:37now subject to some of the highest U.S. tariffs, the opposite of what we wanted to achieve.
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