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Andrew Dickens: The tariffs are here · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The age of globalization is dead. Trump has withdrawn America.
• 0:08
  Speaker 1: Now we're in an age of blocks, nations that agree
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  Speaker 1: to trade with each other, nations that have commonality. So
• 0:17
  Speaker 1: who are our friends? And who are our friends that
• 0:21
  Speaker 1: we get on with, and who are our friends we
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  Speaker 1: can trade with? China is our biggest trade friend, but
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  Speaker 1: is China our friend friend? No? They not. So we're
• 0:31
  Speaker 1: now into a period of delicate negotiations and that's going
• 0:34
  Speaker 1: to cause less than perfect trade deals. Now what do
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  Speaker 1: we do about America? Some have said the situation that
• 0:40
  Speaker 1: we are experiencing is not too bad ten percent as
• 0:44
  Speaker 1: we speak, But our trade with America is nine billion
• 0:46
  Speaker 1: are years are ten percent? Is near enough? A billion
• 0:49
  Speaker 1: dollars which is not inconsiderable. So what should we do?
• 0:53
  Speaker 1: The Trade Minister and the Prime Minister say it would
• 0:55
  Speaker 1: be foolish to retaliate. We're not in the same weight class.
• 0:58
  Speaker 1: That's true. I just had this random thought that maybe
• 1:01
  Speaker 1: we should go to the Trump playbook. We all know
• 1:03
  Speaker 1: that Trump likes to go big and then pull back
• 1:05
  Speaker 1: to his bottom line. So should we go back and say, okay,
• 1:10
  Speaker 1: let's call it five and then wait to see where
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  Speaker 1: the cards lie? Who knows. What I do know though,
• 1:16
  Speaker 1: is that the world is in chaos Russia, China, Israel, Ukraine,
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  Speaker 1: tariffs and inflation is lurking, and uncertainty has not gone away,
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  Speaker 1: and people are wondering around using the D word every
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  Speaker 1: now and then, depression. So it is a time for
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  Speaker 1: circumspection and recognizing that the elephants are dancing and we
• 1:39
  Speaker 1: are but mice. For more from Early Edition with Ryan Bridge.
• 1:44
  Speaker 1: Listen live to News Talks it be from five am weekdays,
• 1:48
  Speaker 1: or follow the podcast on iHeartRadio.