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00:00Grazie a tutti
00:30So, let's be honest, an idea of 30% tariff rate is effectively prohibitive to the mutual trade
00:39We remain convinced that our transatlantic relationship deserved a negotiated solution
00:46One that builds the basis for renewed stability and cooperation
00:51And that is why we continue to engage with the United States administration
00:57And prioritize a negotiated solutions by the new deadline of the August 1st
01:03I intend to speak with my U.S. counterparts again later today
01:09As I cannot imagine walking away without genuine effort
01:14Having said that, the current uncertainty caused by unjustified tariffs cannot persist indefinitely
01:23And therefore we must prepare for all outcomes
01:26Including, if necessary, well-considered proportionate countermeasures to restore the balance in our transatlantic relationship
01:35So if you are talking about 30% or 30% plus, there will be a huge impact on trade
01:42It will be almost impossible to continue the trading as we are used in a transatlantic relationship
01:47And if you look at the impact this would have
01:50So I have to say the transatlantic supply chains would be heavily affected on both sides of the Atlantic
01:56So I will keep that килogràful of the Atlantic
02:01So I am going to be able to try to work my

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