Trump tariffs "a gift to the enemies of the United States"

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• 00:03

  Welcome to the world in 10 in an increasingly uncertain world.

• 00:07

  This is the Times daily podcast dedicated to global security.

• 00:11

  I'm Laura Cook.

• 00:12

  And today with Toby Gillis.

• 00:13

  Any hopes Canada,

• 00:14

  Mexico and China had that Donald Trump's campaign plans for huge tariffs against them have proven fruitless?

• 00:22

  25% for the former pair, 10 for the Chinese.

• 00:25

  Canada and Mexico have retaliated with the same.

• 00:28

  It's likely China will do similar.

• 00:31

  Next on the US President's agenda, tariffs against the European Union.

• 00:36

  So what's the big picture here, and how big a risk is Trump taking?

• 00:39

  Amid some suggestions, the biggest winners in these trade wars will be America's enemies.

• 00:45

  Our guest today is a senior research fellow in the Global Economy and Finance Program at Chatham House, David Lubin.

• 00:52

  David, is Trump making these decisions based on the right information?

• 00:56

  I mean, he says the EU's trade deficit is $300 billion.

• 01:01

  Others say it's less.

• 01:02

  Are his numbers right, and what are the likely impacts?

• 01:06

  There's lots of things going on.

• 01:08

  I mean, the, the immediate trigger or the sort of legal trigger for the tariffs being imposed on Mexico,

• 01:15

  Canada and China have to do with an international emergency related to the inflow of drugs

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