0:00
in the days after Trump got up his big
0:02
chart of tariffs out in the White House
0:03
Rose Garden he's managed to almost
0:05
universally horrify world leaders and
0:08
markets have tanked to levels last seen
0:10
in the pandemic generally EU leaders who
0:12
got slammed with a higher 20% rate of
0:14
tariffs are reacting considerably more
0:17
aggressively than the UK has been and
0:18
that's because on Karma's end he's
0:20
hoping that a trade deal will either
0:22
unlock new trade with the US that
0:24
cancels out the tariffs or that he can
0:26
reach a new deal that would involve a
0:28
reduction of the current 10% rate of
0:30
tariffs slaps on the UK on Wednesday
0:32
trump for his part said on behalf of the
0:34
UK government that they're very happy
0:36
with the level of tariffs although it's
0:38
fairly likely that various staffers in
0:40
Downing Street and the Treasury may not
0:42
100% agree with that the EU chief Ursula
0:44
Vondan has said that she's prepared to
0:46
respond with aggressive counter measures
0:48
but she's added that she's willing to
0:50
move from confrontation to negotiation
0:52
if Trump plays ball the French President
0:54
Emanuel Macarron has slammed Trump's
0:56
tariffs as brutal and unfounded he's now
0:58
even called for French firms to suspend
1:01
their investments with the US german
1:03
Chancellor Olaf Schultz who might be
1:04
feeling quite relieved that he's leaving
1:06
office in the next few weeks he's warned
1:08
that the US is going to end up hurting
1:09
its own consumers and Trump's own US
1:12
economy meanwhile China has hit back
1:15
already with 34% reciprocal tariffs on
1:17
the US accusing Trump of a typical
1:20
unilateral bullying practice but perhaps
1:22
toughest of all the US has hit the
1:24
Faulland Islands with a massive 42% levy
1:28
even though the islands don't themselves
1:30
impose any tariffs on any other country
1:32
apart from on alcohol and tobacco
1:34
meanwhile the markets are going haywire
1:37
and not in a fun way the Footsie 100 is
1:39
down more than 4% at the time of
1:41
recording but quite frankly it could
1:43
sink even lower by the time we actually
1:44
publish this video and the tech stock
1:46
darling Nvidia has created 32% from its
1:49
peak in January with that being 7.8% 8%
1:52
dropping just since the Rose Garden
1:54
address on Wednesday so this is to quote
1:57
Macron a brutal week for the markets and
1:59
for governments all over the world we'll
2:02
be keeping you posted with all the
2:03
updates as they happen so stay tuned to
