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00:00President Trump's announcement of universal tariffs on the whole world, including the European Union, is a major blow to the world economy.
00:15I deeply regret this choice. Let's be clear-eyed about the immense consequences.
00:22The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism.
00:31The consequences will be dire for millions of people around the globe, also for the most vulnerable countries, which are now subject to some of the highest US tariffs.
00:45The opposite of what we wanted to achieve.
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