Gavin Bade

and saying, if you want to sell into this country, you're going to have to eliminate trade barriers on U.S. goods. You're going to have to maybe spend more on the military. You're going to maybe have to limit your dealings with the Chinese economy. And he's really trying to drive a hard bargain when it comes to this stuff. There are some risks, for instance, in this strategy.

and saying, if you want to sell into this country, you're going to have to eliminate trade barriers on U.S. goods. You're going to have to maybe spend more on the military. You're going to maybe have to limit your dealings with the Chinese economy. And he's really trying to drive a hard bargain when it comes to this stuff. There are some risks, for instance, in this strategy.

The IMF and World Bank meetings were last week, and we were hearing some whispering among foreign officials that, well, maybe if Trump drives too hard of a bargain here, that they could team up together and try to present a united economic front to Trump and try to dictate the terms of the conversation themselves rather than just receiving them from the United States.

The IMF and World Bank meetings were last week, and we were hearing some whispering among foreign officials that, well, maybe if Trump drives too hard of a bargain here, that they could team up together and try to present a united economic front to Trump and try to dictate the terms of the conversation themselves rather than just receiving them from the United States.

Right now, Trump wants to keep everyone atomized, keep everyone negotiating with him on a bilateral basis rather than a multilateral basis. But don't be fooled. I mean, these countries are talking to each other behind the scenes, even if they won't publicly acknowledge it. Wall Street Journal reporter Gavin Bade. Gavin, good to have you. Thank you so much. Glad to be here.

Right now, Trump wants to keep everyone atomized, keep everyone negotiating with him on a bilateral basis rather than a multilateral basis. But don't be fooled. I mean, these countries are talking to each other behind the scenes, even if they won't publicly acknowledge it. Wall Street Journal reporter Gavin Bade. Gavin, good to have you. Thank you so much. Glad to be here.

This is only the first or second salvo of this trade war. We have a whole handful of tariffs coming up next month.

This is only the first or second salvo of this trade war. We have a whole handful of tariffs coming up next month.

They are quite exposed right now. I mean, the U.S. is the biggest export market for both Mexico and Canada. So this is all battle stations right now. This is a pretty big economic shock to the entire North American economy, the U.S. included.

They are quite exposed right now. I mean, the U.S. is the biggest export market for both Mexico and Canada. So this is all battle stations right now. This is a pretty big economic shock to the entire North American economy, the U.S. included.

Meistens nur, dass sie das weiter kämpfen werden, bis die Fentanyl-Toten runterkommen. Ich meine, es ist sehr schwierig zu wissen, was Trump genau will, um diese Tarife zu lösen. Ich habe gerade mit Senator Bill Hagerty hier im Senat gesprochen, einer von Trumps naheliegendsten Allies. If these tariffs go away, do we have any idea what the effect might be?

Meistens nur, dass sie das weiter kämpfen werden, bis die Fentanyl-Toten runterkommen. Ich meine, es ist sehr schwierig zu wissen, was Trump genau will, um diese Tarife zu lösen. Ich habe gerade mit Senator Bill Hagerty hier im Senat gesprochen, einer von Trumps naheliegendsten Allies. If these tariffs go away, do we have any idea what the effect might be?

Du würdest einen großen Rettungsschein sehen. Du würdest einen Bump in den Stockmarkt sehen. Du würdest eine Menge Rettung in den Versorgungszahlen und Märkten sehen, wenn er einen Deal auf diesen Punkt machen konnte. Aber erinnere dich, das ist nur der erste oder zweite Salvo dieser Handelskriege.

Du würdest einen großen Rettungsschein sehen. Du würdest einen Bump in den Stockmarkt sehen. Du würdest eine Menge Rettung in den Versorgungszahlen und Märkten sehen, wenn er einen Deal auf diesen Punkt machen konnte. Aber erinnere dich, das ist nur der erste oder zweite Salvo dieser Handelskriege.

Wir haben eine ganze Menge Tarife nächstes Monat auf alles, von Automobilprodukten bis zu pharmazeutischen Produkten. Und dann hat Trump gestern neue Landwirtschafts-Tarife vorgesehen, über die wir noch keine Erkennung gehört haben. Also kommt hier noch viel mehr.

Wir haben eine ganze Menge Tarife nächstes Monat auf alles, von Automobilprodukten bis zu pharmazeutischen Produkten. Und dann hat Trump gestern neue Landwirtschafts-Tarife vorgesehen, über die wir noch keine Erkennung gehört haben. Also kommt hier noch viel mehr.

Thanks, Alex.

Thanks, Alex.

So we're talking about 25% on Canada, 25% on Mexico. Those are our two biggest trading partners. With the exception of crude oil and energy products, they'll get a 10% tariff. That's our colleague Gavin Bade. And then a 10 percent additional tariff on all imports from China, which is our third largest trading partner.

So we're talking about 25% on Canada, 25% on Mexico. Those are our two biggest trading partners. With the exception of crude oil and energy products, they'll get a 10% tariff. That's our colleague Gavin Bade. And then a 10 percent additional tariff on all imports from China, which is our third largest trading partner.