Former US official:  Trump won’t back down on tariffs - video Dailymotion

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Retaliatory tariffs won’t lower US tariffs but will likely increase them as Trump wants tariffs, former Deputy Director of the National Economic Council Everett Eissenstat says.  #Trump

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00:00And yet, we're hearing from President Trump, if the European Union joins forces with Canada

00:05in order to do some economic harm to the United States, he says large-scale tariffs, far larger

00:11than currently planned, will be placed on them.

00:14So what President Trump is saying here, basically, is try anything and we'll hit you even harder.

00:21We've never heard anything like that before, have we?

00:22Well, we have, actually.

00:23I mean, the President's been pretty clear, even when Canada was going to retaliate on

00:29the IEPA tariffs that were put into place about a month ago on the fentanyl crisis.

00:36There was a province in Canada that threatened to raise rates on electricity, and the President

00:40was very vocal that that would result in a very significant tariff increase against Canada.

00:45So this is one of the volatile dangers that I'm worried about, is that when governments

00:50retaliate, they need to remember President Trump wants tariffs.

00:55It's not a bad outcome for him if tariffs go into place.

00:58So when they retaliate, he simply finds it as a good rationale to counter-retaliate and

01:03really, I think, would have ended up with higher tariffs on both sides.

01:07I'm not saying governments should or should not retaliate.

01:10It's up to their own decisions.

01:11But I think the expectation that that will impose an immediate reduction of tariffs by

01:17the United States is probably not accurate.

Former US official: Trump won’t back down on tariffs

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