00:00But the U.S. president says these tariffs are about forced labor rather than about trade deficits, exactly sort of
00:06what you said to me.
00:07Do you think markets are going to view them differently?
00:11No, not in the least.
00:13I don't think markets will see this as anything other than a replacement for the tariffs that the Supreme Court
00:19prevented Donald Trump from imposing.
00:21And furthermore, I think this action reminds us all that Donald Trump, you know, he likes his tariffs and we
00:28should be vigilant for any other tariffs coming down the road.
00:32Last weekend, Donald Trump threatened to put bigger tariffs on Canada because of the wildfires that are happening in Canada.
00:39And that's sort of polluting the air that is floating down south to the U.S.
00:44Tariffs were threatened for that.
00:46So I think this is a handy reminder that when behavior displeases Donald Trump, that an offending country can perhaps,
00:53you know, perhaps expect to be hit with tariffs.
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