Hn_Ani_Pune_Philip_Ackerman_On_Donald_Trump_03-23-06

ETVBHARAT

1/10/2025

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00:00So I think we will have to sit down with the Americans,

00:02and this is all a guess.

00:08We'll see what happens.

00:09But we'll have to sit down and try

00:10to figure out how to keep them engaged during Trump II

00:15presidency.

00:16We have also made the experience that what Trump says

00:19and what he does are two different things.

00:22So there is a certain hope, let's say,

00:26that drastic announcements will not be implemented right away.

00:32Actually, I think on tariffs, India

00:34has a bigger problem than Europe.

00:37But Europe also has one.

00:38You are right.

00:39This is also something that will be discussed with us.

00:47I think we will sit down in the European Union

00:51and with our European friends outside the Union, like the UK,

00:54and figure out how to keep the American engagement in Europe

00:59alive.

01:00Now, I don't think that Trump says,

01:02I don't care about the rest of the world.

01:04We'll see that he will try to engage

01:07on many, many areas internationally,

01:09be that Russia and Ukraine, be that the Middle East or China.

01:13So I don't see a sort of a withdrawn America.

01:18But the way this interaction will be shaped or formed

01:27is certainly less a cooperative effort than under Biden, who

01:33coordinated with his European partners

01:35very, very regularly and very closely.

01:40And I think that that's not going to happen this time.

01:43I want to add one.

01:44I think it was always a high possibility that Trump

01:49would win these elections.

01:51And as we had our experience during Trump

01:54won, Germany not being his favorite country in Europe,

01:57I have to say that, that now we can prepare a bit better,

02:02because we have now our experience.

02:04There is one factor, though, that really

02:07has a new dimension to this, a worrying factor.

02:10That's the media campaign that comes along,

02:15run by Elon Musk, of course.

02:16And that's something where we, that's a new element in this.

02:21And when you see what he does with the UK

02:25and also with Germany, to a certain extent,

02:27that's something where we have to also draw lines.

02:30I think there is, we have to find ways and means

02:34to contain this media campaign, which is basically

02:40unwanted.

02:42Yes, I think, you know, I'm going

02:44to come to the question of you mentioned,

02:46Philip, is important.

02:48And I don't think it's registered in India

02:50that perhaps on the tariff side, we

02:53are going to be quite affected, far more than Europe.

02:57Anybody who's read the book written by the former US Trade

03:00Representative Robert Lighthizer,

03:02it's called No Trade Is Free.

03:03And if you're interested, it's available on Amazon.

03:07It essentially says that after China,

03:09India is the country which needs to be,

03:12on which tariffs need to be imposed,

03:14because India has extremely high tariffs.

03:17And he's actually singled out specific sectors,

03:20including jewelry, pharmaceuticals, electronics,

03:24and so on.

03:24So I think we're going to have a tough time when

03:27President Trump comes to office.

03:29You mentioned the Ukraine-Russia war.

03:31And I think that's a subject which everybody here

03:33in this room is interested in.

03:35So this question is really in two parts.

03:38First, would you like to tell us about the latest

03:42view in Europe about this particular conflict?

03:45What's the situation on the ground at the moment?

03:48What are the prospects?

03:50And then I really think that since the sense is

03:54that President Trump is a very transactional president,

03:59is Europe really worried about the possibility

04:02of the United States cutting a deal with Russia on Ukraine?

04:06And where does that then leave Europe?

04:09Can I make one remark again, the diplomat,

04:11before asking the question on tariffs,

04:13because I think it's an important one?

04:16I think one of the reasons why Kamala Harris lost

04:19these elections was inflation.

04:20And inflation, although the numbers

04:23of the American economies, the growth was very solid.

04:26Numbers are good.

04:27But the inflation basically swallowed all increase

04:32in salary.

04:32And at the end of the day, people

04:35had less money in their pockets than before.

04:38And that's interesting that a growth rate as such

04:41is not an indicator whether people

04:43are getting more prosperous.

04:44So that's the benchmark Trump is going

04:47to be measured with inflation and whether people

04:50have more money.

04:51Now, it's a very easy economic truth

04:54that when you close your country, when you become more

04:58protectionist, and you

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