Jonathan Ferro

We talk about it on the program all the time.

The president anchors the story to the extreme and then gets a favorable deal for the United States.

I think that's well understood.

Something happened, though, in the last 12 months that I think is really interesting.

He tried the same thing with Canada and totally upended the election in Canada north of the border.

Polyev was going to sail away with that.

The reason Mark Carney's here as prime minister is because the president took such an assertive stance on Canada.

Now, at the time, I was finding the humor in the conversation.

Then the Canadians started lighting up the Bloomberg terminal, sending messages.

They were deeply offended.

And we've seen that damage the economic relationship with Canada and the United States.

And the risk here, Mr. Secretary, and I'd love your thoughts on it and your reaction, because I think this is really important regarding the Europeans.

The points you're making about Europe and have made over the last week are valid points.

And they're actually well received by a lot of Europeans.

But the style in which it's being delivered at the moment, some of them are finding it offensive.

Do you think there's a risk here that we damage the economic relationship with the Europeans in the same way we do with the Canadians?

And for that matter, derail the conservative movement in Europe that's well underway?

I can hear it in your voice.

You're excited about negotiating this, aren't you, later this year?

So, you know, just a final thought.