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Speaker 1: As at the time of filing in this news report.

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On Saturday night, leaders in the European countries have kept

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mum ever since. On Friday, the United States US President

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Donald Trump announced plans to impose fifty percent tariff on

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goods not made in the North America country that comes

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from European countries, with a specific threat to impose twenty

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five percent tariff on Apple if the iPhone manufacturer does

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not move production to the United States. This President Donald

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Trump based his actions on what he claimed to be

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cases of unfair and unjustified lawsuits filed by the European

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countries against American companies, among other reasons, but it could

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be recalled that earlier in the month of April twenty

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twenty five, when President Trump issued the first tariff threat

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of twenty five percent on European goods, the immediate past

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Germany Chancellor Olaf Schantz had said that even if European

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countries did nothing in response to Donald trump imposed tariffs,

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the increased tariffs will cause a big problems in the

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US economy, adding that trump intending tariff increment on EU

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goods is an economic error, and the European Commission President

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Ursula von Darlean had also in early April twenty twenty five,

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said that the EU countries is the largest single market

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in the world, and the EU have what it takes

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to retaliate or strike back. President Donald Trump on Friday

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threatened tech giant Apple with a twenty five percent tariff

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if the iPhone manufacturer doesn’t move production to the United States.

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He later said trade talks with the European Union were

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progressing so poorly that a fifty percent tariff should be

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imposed next week. June first, twenty twenty five, President Trump

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proposed that Apple build its iPhones in the US or

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face of twenty five percent tariff. Tech analysts say that

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would balloon prices to three thousand, five hundred dollars per fone.

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According to CNN senior data analyst Harry Enton, who analyzed

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the possible impacts the U s President action may cause

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the North American residents, President Donald Trump has said he

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is recommending imposing fifty percent tariffs on goods from the

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European Union being imported to the United States. Our discussions

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with them are going nowhere, he said in a post

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on social media on Friday. The announcement marks an escalation

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of Trump’s trade war with the EU, which has already

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been hit with a blanket twenty percent tariff on all

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US exports. According to US media, they’re powerful trade barriers,

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bad taxes, ridiculous corporate penalties, non monetary trade barriers, monetary manipulations,

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unfair and unjustified lawsuits against Americans companies, and more have

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led to a trade deficit with the US of more

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than two hundred and fifty million dollars a year, a

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number which is totally unacceptable, he wrote in a truth

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social post on Friday morning. Our discussions with them are

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going nowhere, Trump wrote. Therefore, I am recommending a straight

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fifty percent tariff on the European Union starting on June first,

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twenty twenty five. The tariff Trump is considering slapping on

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the EU is more than double the size of the

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twenty percent initial reciprocal tariff that was briefly in place

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in April before he swiftly paused those tariffs to allow

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for further negotiations. CNN stated the pause is set to

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expire on July ninth. Since the pause, the only trade

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deal that’s been announced is with the United Kingdom. Meanwhile,

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US Senator Maria Cantwell issued statement on Trump’s fifty percent

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EU tariff threatened, said, thus, Americans already face a summer

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of high prices. It is not the time to be

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threatening new tariffs that drive prices even higher. The European

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Union is a nineteen trillion dollars market with four hundred

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and forty eight million potential customers for US exports, and

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it has been an important US ally. Now the EU

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is getting ready for a new trade war, when we

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should be focused on working together to confront Russia and

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other global challenges. The U S Senator Maria Cantwell, ranking

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member of the Senate Committee on Commerce, Science and Transportation

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and senior member of the Senate Finance Committee, released this

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statement in regarding President Trump’s threat to impose of fifty

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percent tariffs on imports from the European Union. Earlier in

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April twenty twenty five, the European Commission President Ursula von

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Derlien had said a gathering that many Europeans feel disheartened

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by the new US tariffs. Europe didn’t start this, but

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we have what we need, the biggest single market, the

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leverage to negotiate, the means to strike back we’ll defend

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our interests. The US has announced twenty five percent tariffs

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on steel, aluminum, cars and parts. They plan to extend

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duties to semiconductors, pharmaceuticals, and timber on April second, twenty

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twenty five. We expect further tariffs on almost all goods,

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affecting many countries worldwide. In response to US tariffs, we’ll

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act on three fronts. We’re open to talks, but ready

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to hit back. We’ll expand trade with other partners, and

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we’ll strengthen the EU single market, remove barriers, grow our scale,

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boost competitiveness. We don’t want a trade war. The USU

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trade flow is nearly balanced, but let’s be clear. We

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didn’t start this. If needed, we have a strong retaliation

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plan and we will use it. Ursula had stated in

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early April twenty twenty five. We have reported that the

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escalating trade war between the two biggest economies in the world,

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China and the United States US, may take a new

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twist as the China leader she Jimping, on Friday, for

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the first time issued a public statement in reaction to

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President Donald trump continuous issuance of apparently outrageous self imposed

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tariffs on goods exported by other countries to the US,

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with the President stating clearly to Trump, the China is

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not afraid of US. This is in addition to jimping

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earlier statement he issued on November fifth, twenty eighteen, during

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the first tenure of President Donald Trump, that the Chinese

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economy is a ocean and not upond, that China economy

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can withstand strong winds and storms.

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Speaker 2: And because of this collective experience of the last well

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almost seventy five years, so many Europeans feel utterly disheartened

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by the announcement from the United States. Let me be clear,

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Europe did not start this confrontation. We think it is wrong.

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But my message to you today is that we have

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everything we need to protect our people and our prosperity.

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We have the largest single market in the world, We

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have the strength to negotiate, we have the power to

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push back, and the people of Europe should know that

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together we will always promote and defend our interests and

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our values, and together we will always stand up for

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our Europe