00:00Are we seeing any market reaction to this in terms of business news from the 100% tariffs that he's threatened Russia with as well?
00:07There will be surely implications on the global economy if this comes to fruition.
00:12It's an excellent question and the short answer is no.
00:15We're not seeing much of a market reaction at all.
00:19I think that means that the market is looking, stock markets at least, are looking quite expensive.
00:23So if some of these tariffs come to fruition, if they come to pass, I think that there is a risk that equity prices could really tumble because stocks are priced pretty much all over the world, in the U.S. and in Europe, are priced for very little disruption in trade, very little economic disruption.
00:43So if that comes, I think there's a real risk of a pullback.
