Trump’s tariffs: A declaration of global trade war? | To the Point

# The International Talk Show | To the point
US President Donald Trump wants to protect American manufacturing and create jobs through tariffs. A risky bet threatening world trade?

Our guests: Beatrix Keim (car expert); Claudia Schmucker (geoeconomic analyst); Clifford Coonan (DW) Erik Kirschbaum (LA Times)

01:00 Introduction of guests
02:00 Tariffs are not a useful tool; inflation will rise
02:40 Tariffs will hit developing countries as well as US consumers
03:40 Dark day for free trade
04:40 For businesses everything is very uncertain
05:30 Imports to the US are cheaper than US products
06:00 Video: Trump’s ideas on tariffs
07:30 Nothing in this deal is fair, there is no basis for the tariffs
08:15 Tariffs are not a remedy for the US economy
09:00 Will the tariffs be lower than announced by Trump?
10:35 Overall the supply chains will be hit hard
11:10 Video: Effects of tariffs on the Auto industry
12:50 US carmakers will pay billions of dollars if tariffs enter into force
13:30 Car prices in the US will rise (Keim
15:00 The whole global economic system will be hit
16:15 Car parts change borders eight times on average before cars are assembled
16:35 We don’t need this kind of tariff
17:18 The country which will lose out most will be the US
18:30 US citizens believe industry can profit from these tariffs
19:00 Trump says he fights for people with low income
20:15 EU will respond in a rational way
22:15 End of globalization?
24:00 It’s hard to replace the US as a trade partner
25:00 Is the idea of globalization at its end?

#tariffs #trump