the powerful as quick, devastating em thousands died and hundreds of thousands with the family farnborough cost or on the ground when the quick struck out to 0. witness the moment of impact and the 7 days because it documented the unfolding disaster as a country already divided by civil war. based the challenge of rescue and recovering the full report. the road to man analyses are us president donald trump is threatening to impose 50 percent tariffs on european union and pulled staffing on june. the 1st the uses that stands ready to defend its interests. but it's trump genuinely seeking a deal with the a year. and this year of about to pay a high price, but not settling with trump sooner. this is inside story, the

to hello, welcome to the program on top of the crime you as president, donald trump is threatening to slab a 50 percent tariff on a goods from the you to complaining trade negotiations a going know with last month he announced a 20 percent terrace on most you goods, but bring that back down to 10 percent. these new threats run the risk of damaging and important tried relationship which had been showing signs of recovery. and of trump goes through with his terrace, the you will have high import taxes on this hundreds of billions of dollars worth of exported goods. the 27 member blocks is it maintains the same line, the escalation, but is ready to respond. so will be your retaliate will, will trump is terrence. now his signature move back 5 for american manufacturing. we'll put those questions to our guests in just a moment. but 1st this report from homes mohammed, we have a really big announcement today that's britain. donald trump is once again taking

aim at americas treating us this time. it's the european union just was before planned, 3 adults, trump threatened to impose your thoughts on, on you being goods. i'm not looking for idea of, i mean, we've set to deal with that 50 percent. but again, there is no terror since they've built that plant a year. now somebody comes in and wants to build a plan here. i can talk to them about a little bit of a delay, but you know, while they're building the plant, which is something i think that would be appropriate. maybe you just one of the united states largest trading partners exporting more than $600.00 b and includes to the us last year. what people think roughly 370 b. trump blends that trade deficits on what he calls on say your policies, but equally on calls on a good cultural products that he sees it wants to reach by trade did with

washington. but any agreement must be based on mutual respect. and thanks by and then i believe such terrace will help no one but would only lead to economic development and both markets suffering as a result. and that's why we continue to focus on the go. she ations and supporting the european commission in defending europe. and the european markets, last name, retaining slay, existing persuasive power on america last month, trying to impose a 20 percent type on something. you'll be good during the so called liberation, the announcement, but later cut to get in house. giving negotiators until the july to strike a deal under the c crumbs that descended go shifting tactic. i think the european union cannot cave in and should not try to piece don't that trump at this point. but the experience of the last couple of a couple of months is that this us precedent, actually blinks. i mean,

he actually gets in when faced with the major negative consequences of, of his actions and as negotiate this from both sides or talks, the stakes under what they call them behind them and the data for insight study or the spring in august. now in washington, dc, is pablo on a sheet. rock president of the global policy institute in london will have them joins us. he's political economist and president of the academy of social sciences and in hong kong, bryan bong, a fellow at the center of contemporary china and the world. he's also assistant professor at hong kong university. thank so much for joining us here on inside story today for this fascinating discussion. hello. if i can begin with you 1st off, and if we can start with donald trump and his life,

just move. is this in negotiating tactic? is it a credible threats? is he having a 10 trim? is it genuine concern that the you is actually dragging its face? well, it's really hard to say. we've seen how this process of, uh, declaring the major tariffs and then suspending them and then creating a kind of a lot for further negotiation. so, you know, we've seen a little bit of everything regarding practically, i wouldn't dare say the entire world we talking about kind of some on canada carriers set on mexico tires on china tire sunday. european union carries zone india, etc, etc, etc. so is this uh, as you, as your reporting pointed up, potentially negotiating that floyd to put pressure under europeans or, or, or is this a for real?

i mean, we've done, he basically said, we're done negotiating. the recipients are not serious. they don't come back with the credible proposals and therefore this is it. now, if this is it, this is a, the closest thing to trade in bar go. i don't want to exaggerate this, but it is pretty close because that, you know, 50 percent. it basically puts the set at least a set your p and products out of the market. because consumers simply wouldn't be reluctant depending on what it is. because obviously this affects everything uh, you know, to, to, to digest the price hike. there is some marriage, i should say, you know, in this a rather confused environment that you know, they are a ppo new and you and it has great difficulty negotiating as a block. there 27 countries they are pin, negotiate or is talking on behalf of everybody have to, you know, reconcile a different positions from strong stage economically and weak ones, you know,

as big or small as germany. but there is also, i don't know, malta, you know, it's not all of this has to get everyone on the same page obviously. well, i want to see how you assess all of this. i mean, you wrote last month that trump was badly wounded and that this was the moment that europe could sees the advantage. but with this move from donald trump, is that advantage now gone? you know, i think that's, i mean, i think it's a, yeah. i think the idea that the europeans confront to a 50 cent terrace in china, romania, that service and terrace is gone. it is very extraordinary. and i think that it's likely that trump will back off. i mean, i, i agree with the previous speaker with that that is not just of getting a line between 27 countries. it's tricky for the european union. it's the reach of what the americans wants is to really was an issue here

is whose regulatory standards are going to become. the global standards. and uh, united states knows that to some time now. and you know, bunch of industries including agriculture and automobiles. it is the usa, the global stand it, and they will that still and it's about to stop you, you have to kind of so i mean that actually what i was had in surrender, we caught 2 particular codes. the status is assessing. i'll kind of the ones that once we signed for 140000000 consumers, cars, food, you name it, saying that this is really problematic. i don't, i don't see. uh, what do you mean you can do except to offer some it would investment to get to the americans building some factors. it could buy mill, centralizes and, and fossil fuels. um,

but it couldn't give too much grounds and it could also make things pretty uncomfortable. the son, american states is good, quite a sophisticated list of areas in products which date will target rod like china to assess successfully. and i think that the europeans are gonna take kind of a leaf out of the kind of chinese play book here. and at $55.00 we far, and it could be that same is acronym is doing the rounds. no tapco, no trouble with the chickens out, kind of with apply here. and the providing that they can do your things can provide some kind of distinct leaf a, trump boot kind of down. but if it doesn't, i think you're looking at something very profound. a kind of something placed which i didn't barger. and certainly i got very, very, kind of the, the, the cutest wrist insurance is 90 relations is 90. 45. it's brian. i want to get to your assessment of all of this. i mean it, we saw

a trump thread in china with these exhibit entire of 145 percent childhood back with its own reciprocal terrace. then trump took a step back the, to a now negotiating. so i mean, can the a you risk, i guess pushing forward coming out on the offensive here and, and hoping that trump blinks you to get into the caves in you to get do you think i and i certainly agree with the power that when will this fundamentally don't sound respect or maybe the respect is wrong. why? but he reacts to displays of strings and resolute determination. and how does it say about when page instructions to through webinar as it gets exposed to rent us true, imposing retaliatory terrace, but also all sorts of non type related restrictions in trade. alternately, washington felt the heat itself, the pressure, especially the form of the by power force. it will be in groups such from had been in place that you are responding to,

especially those with dependent upon the chinese export. whether it be the 5, the processing and manufacturing will fold about own consumption goods. and then the distribution by fun size is i'd say, that oppresses from the sort of business, no, be certainly contributed towards that, give it to the nation. but also if you look at a rather rustic and stock movements in the us treasury board markets with you, it's climbing to, you know, rare height. so unreached ever since, of course, at 5 point or percent knows restrict biden's term. you know, it's a sign that trump is taking indeed, rather serious ladies. market signals in the market signals are saying one thing which is that they are deeply concerned about not just the impact with inflation, but don't speak, you know, mean price within america. arising from these retard 3 methods, so in short, in order to defend that strategic autonomy, i think it behooves the european union to stand up for its members states and to say no at the end of the day. this transatlantic relationship is early special is only gonna add value for both sides if there's a modicum of respect. and it is addressed to respect whether it be as conveyed by

binds, his speech in munich or transactions over the past couple of months and ultimately to european union does of to have a say and a place of the tables in my view. it isn't it using system both extended on the front, but also to demonstrate strength and result. and to really put it's but you know what it's miles to is right when it comes to him being reasonable cost and tyler, 3 measures in space. so such as that lead by the coast rhetoric and also scratch from washington. probably i, brian touched on that a little bit, a bit in the us many expense feet. is this going to be this dreaded combination of higher inflation and slower growth with something even saying that they can on the growth, i could drop one and a half percent. i mean, trump and the lead up to the election basically promised the americas next gold and age. does that put all of this at risk if, if the tariffs go through? well yes, of course i again, it's really hard to understand where the concept of sunday to ministration is

because as we have a being observing, you know, these things change. i wouldn't say on a daily basis. but they don't change a lot from set to perspectives, whereby if you operate in this market place as a company, as a financial institution, as, as an investor, you really have no idea what's going to happen. and also uh, in regarding vista comes to declare the objective of the tires. what is the biggest goal of america to say 2 countries instead of selling things to us. so then we have a trade deficit with you. you come here, you're welcome. set up your factories in america, and there is no problem. you operate in the american market, higher american workers and sell in the american market. what's wrong with that? and everybody benefits america grows. you know, there's more employment and i know tires on other goods that are made in the united

states. the problem with this reasoning, which on the surface doesn't sound crazy is that this is extremely difficult to do over the long run. it's possible. let me give, if i may just a quick example. display goes back to the presidency, a ronald reagan when the problem of the trade deficit. this is what japan and particularly the auto sector. they put, they force the jump on the use to put the quotas on import the cars to the united states. well, what did the big good japanese companies do? the setup assembly planted. they noted, states toyota, if i'm not mistaken, as the biggest manufacturing plant in kentucky. okay. in the united states, you say what? yes, that's exactly what happened. and that's the legacy of the, of the protection isn't and, and the trade and the tires, policies of the regular ministration, who we go back to the 1980s here. so the trunk logic is not, you know, conceptually flawed. the problem is that it is extremely difficult to do all this,

and particularly to do it quickly. you can, you don't set a ride in industrialized economy, a new factories and the complex web of supply chains over night. and by the way, the united states has not, doesn't have the absorption capacity to say, okay, let's set up 20 this type of manufacturing plants throughout the country. it's not possible. the workers are not there, this racialized engineers of but what of some particularly sophisticated the 2nd they just don't exist and you cannot make them up, you know, over night. okay, we will move on. but because we were going to get to ethel and the, and the terrorist that the threatening against evelyn, just somebody which comes to the manufacturing point. you're trying to make the public. um, well, if i can just talk about the, the consequences here potentially for the e u. i mean at this point, but if these tariffs go through, it could push them into recession. i mean,

trumpet has a quite an open to staying in school for the european union. why is that? and do you think that i've actually got the backbone to respond with strengths to donald trump's move? great questions. i mean, when i hit donald trump talking about your opinion, i mean, i've just, i'm stunned by his history or his attempt ancient history in a year thing. he was never, i mean, in his, his, it, his mind it was set up kind of in opposition to united states to read united states off. i mean, the founding fathers of the european union jump on a current out in uh, uh, the other great men of the time. i mean, it was a piece project. absolutely. first and foremost a piece project to bring festival year for the 6 and ultimately growing. so it comes out of the europe together to kind of settle what had be god century is it could have into nice in conflict. so, mean, the idea that had been, it was,

i was in, that is that's going to do down american manufacturing is have kind of crazed, i mean, you, you, your mouth drops open. and then, you know, value added tax, which he thinks is a particular tax devised by these notes, just your opinions to do down america. and it's, it's, it's, it's a sophisticated purchase tax. i mean, it's a way of ensuring every positive, the value chain faces proportion to tax towards the final product is not directed against american manufacturers as the, you know, the or if he's confront this kind of, i mean, almost beyond belief that the views about europe is true that your, your should have been spending more on defense and it has being and as needled successive generations of, of american presidents. but again, i mean, the americans get it kind of a tremendous advantage from kind of the security after races and it gives them it gives because leverage, it depends kind of that, that's that stuff with hot. uh so,

i mean, i find the whole kind of disclose very, very strange and kind of i'm of course, as i said area, you know, united states because the great american company is a kind of the 2 sides isn't just straight deficit. so you know, what do you do, but if you're, you are, what do you, what do you do about this kind of nexus of, of, of issues. and i, i, i agree with, with brian ultimately, you know, all the europeans can do is to kind of talk about mutual respect, office, a lot of branches where they can hit back hard drivers a chinese day. but it's dangerous. it's really dangerous. um, i mean, i know you just no one can say at this point he himself will dislike this. you'll just like this. yeah. chapel chickens. he knows that doing the runners and he will show a bit of much of kind of i'm not projecting out. so this is fairly dangerous. managing to pretty into higher opinion. yeah. hi to back them into aqona. we

touched on this just before the prior to threatening you terrace on. the trump also wound apple that he wants to slip a 25 percent tariff on imported iphones brought by us consumers. he then went onto expands, that threat to all smart phones is taken listen ways would be more. it would be also samsung, and anybody that makes that product, otherwise it wouldn't be fair. so any button and that makes that product and that will start on, i guess the end of june has come out. i think we have that appropriately done by the end of june. so if they make that product now again, when they build their plant here, there's no tariff. so they're going to be building plans here. but i had an understanding with him that he wouldn't be doing this. he said he's going to india and to build glass. i said that's ok to go to india, but you're not going to sell into here with that to well, the to he's talking about there is tim cook, the, the f o c o brian of all the companies and really of all the products. why is it

going off to the honest photo he did expand that to include all smartphones. what i don't think is just exclusively talking saying awful or tell me cook personally. i think it is a sign that something wants to targets. instinctively, right? what many would view to be the highest value adding manufacturing stages and processes within supply chains of cool set by much into mind. a consumer electronics, right? an apple just happens to be a particularly pronounce to fit through example. and i guess what this business traits is, applaud a point, bought it from administration, the lines between the private and the public, the entrepreneurial and the state, the, the citizen rate, and the governments, you know, these lines increasingly blood. it's almost ironic considering the kinds of countries that's of course america has long positioned itself as a rival. and the proposed to the alternative to that this is the sort of the rhetoric and you know, site t, that spinning shrine. but more seriously and specifically, you know, the comments,

so it may to an applebee's of these india and more generally speaking about his reluctance to the american manufacturers, vito cage, india in other context, as he express, i think a couple of days ago is a saw not it's not so much about targeting china or targeting it countries, bits, identity, trade surplus is visa, visa us, is instead about imposing, you know, oversee any locksley, i'm univers, lake of mine, that corporations must indeed, manufacture and invest in america. now it's cool, still be corporate leaders and executives who pay lip service to not who acknowledge on paper the need and taste, but doing so. but in practice, as palo and will. but if i like to just then the battery is for that doing so incredibly high, the overhead costs the logistical and legal challenges the planning permits that must be, you know, must be sold today probably, or to any and all sorts of serious industrial activity. and a bubble, the 2 fundamental questions remain on result is a, are the american populations and the people at large winning to work in these by

jobs and be extend. automation is going to be the primary modus operandi of, of many of these newly built factories. where are these jolts going to come from? and to whom are these jobs going to go give it up? you know, donald trump is also and not to this mass sort of deportation program against immigrants, including folks who may not in fact be illegal immigrants as well. indeed on student visas and could otherwise contribute towards the american economy. so these are my questions. yeah. well paula, you, you touched on this a little bit before, obviously, drums dates it came to to bring manufacturing back to the united states. we've heard some of the reasons why that is known, impossible because of the costs. the work is so different, just not understands the, the, the difficulty in doing this or he doesn't understand. it doesn't care. i love, honestly, i don't have a good answer for this. i don't know who he listens to the different voices. i think within the administration, you know, the secretary of the treasury says one thing, the trade negotiator,

and maybe something's caught something a little bit different. however, let's try to, you know, this is really such a complicated situation that is hard to understand. what is the main point here, but, you know, regarding the effort to make america say, self sufficient and have all the strategic sectors of the, of the economy based and do not have states. well, you can say, oh really, but that goes against free trade. that game goes against the globalization. well, let me point out that this is exactly what china has been doing that for 20 years to be continued to try and independent off a new strategic dependence of critical materials technologies, etc, on anybody. and that's it openly declared the chinese policy, okay. they say we want to make everything on our own because we don't trust in a huge financial system essentially. because also we may be hit by, you know,

moves like tire of or, or, or targeting exports of critical technologies. i thought were going to make everything at home. this is a open declared chinese policy. nobody says anything about that. it looks like, okay, well that's what the chinese do. so when they do it, apparently it's ok if america wants to do it. oh, my god, what are the americans doing? so the outrage is a manufactured immune opinion. you're probably not having to say hello, i can find it just before you move on the front. i want you to jump in there because i want to get a sense. i can sense to get a sense that you're, you're completely disagreeing with what we're hearing there. you know, i don't complete is a great, i think it's safe to say that china too, of course, weapon noises exports. what the noise is trade on also employs in many ways, restrictions and weight traits with other countries as part of its state problem. but i guess just to quick hopes of asians, the 1st is not a criticism that most are making of the trump government. is that yeah, what's being done here?

actively parts the american people infected by the noise is on the select through put them into power as for the case of china with it. so the mass of these in states of industrial policy thanks to mixture of scale size and also its actual manufacturing pro. as i don't take a citizens of suffering as the result of a rock controls. and secondly, let's not forget that america benefits on that shoot lee from all that i had previously enjoyed in terms of having a net trade deficit and not as a say, a currency dominance and had to move the ability to keep goods cheap and the enjoyment of huge service export surplus, but the rest of the, well, these are benefits that china had never been privy to enjoy for the simple fact that it's just been in a completely different pot and completes the different stage all the and also when he can only cover these of these america, so i don't think the double start to take any quotes or a re weigh issue. right? well, we've only got a minute or so left, so i want to give the final word to you. if we can take a bit of a step back and looking at both of these issues, the, the tariffs on apple as well as the, you mean

a lot of don't jump support to say that he is paying for the chest. that is, moves to start fired bonds that most people just don't understand them or really appreciate just how good they are. what do you make of statements like that and, and what we have seen from donald trump over the last couple of weeks when it comes to the slightest round of terrace, a couple of points that i do gets why and the americans one manufacturing. i mean, there's a whole, there's a j d vance heavy blue book. he rides tend to get a conversation you had with interesting labor politicians here in britain. uh, makes the point that actually an economy needs some parts of it, at least to be in the business that manufacturer of making, of crafting of having those kind of cheese on those skills. and if you lose them, particularly in fine, good service sites, it tends to be in cities. manufacturing tends to be alone. and i go through

coaching village is and you know, you, you want that balance. so i do get why, what's driving this. i also get the kind of american sense that actually these and balances that they've experienced with the rest of the world. evicted china, really. and the europeans have got to be so it's, it's like to get over. yes, i just want to say, do think this debate kind of a thing brightened and probably already driven the point home and i but i'm getting you to. i mean this is the, this is recklessness. you recklessness. it's unilateralism gone. mad. it's bullying . it's a self defeating, it hurts yourself as much as others. it risks. it was what we have left of the international trade or to and actually trade between countries. is the pre test for growth. now, it's over. i mean, time does, what does want to get too far down is going to or talking road. i mean, you need to buy and sell it is a more ever this trade. you know,

my gross and we just kind of back up the internationally is a international that does us to ride with them. thank you so much recklessness and self defeating. well, let's see what happens on june. the 1st thank you so much paula will and brian, we really do appreciate your time and you're inside here on ins, side story for things to allow this paula will and brian, thank you to for watching. you can see the program again any time by visiting a website. that's l just here adults. com for further discussion. good. well, facebook page that's facebook dot com forward slash a inside story. you can also join the conversation on x. a handle is at a inside story. to me, tell me cry in the entire team here. good bye. for now, the the japanese american veterans mistaken. so the enemy, traumatized by the vietnam war, were united with

a friend to rescue his life from his fellow soldiers, fifties, and the price is price. you don't realize that until experience an epic tale of friendship. sacrifice has entered covers with nice volunteers on out to the area. we don't simply focus on the public, accept the conflict. it's the consequence of wars, the human suffering that uses for time. it is one of the most serious spouts of violence in recent years. we brave bullets involved because we give voice to those demanding freedom, the rule of law. and we always include the views from all sides. okay, is urgency appealing for donations to provide cons, coupon and meet to families in gaza. the ongoing crisis has left many struggling to access a central food resources during eat. a lot of last year we delivered over 3000000 cans on behalf of okay,

foundation and partner organizations from around the world donates now to okay and help us deliver vital support to the people of gaza. the kind of that i missed ozzy attain. this is a new zone at life from dawn, coming up in the next 60 minutes. and now that is really strikes, tells displace palestinians suffering, and a sofa would say. so in southern gaza. these really all me says it's reviewing an attack on the homeless to doctors and con eunice which killed 9 of the 10 children . seriously, that meets the attackers. presidents in the us envoy and.