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00:00And, Wissam, Trump has now sent a message to Beijing regarding their retaliatory tariffs.
00:09Tell us a little bit more about this.
00:11Well, Trump was hoping that the tariffs he announced will not begin some sort of retaliatory dynamic all over the world.
00:25He basically wanted to make a point, and then he was pushing for people, do not retaliate, because if you retaliate, I will retaliate.
00:32And then, gradually, he is making his tone higher and higher with China specifically.
00:38And then China, as we all know, they retaliated with the same amount of percentage.
00:43And now he is giving them 24 hours to remove the 34%.
00:48Otherwise, he will announce 50% more on any goods coming from China.
00:56We see that Trump has been using this tactic a lot recently.
01:01I give you 24 hours, I give you one week, I give you two months.
01:05And we are yet to see when any of those deadlines will bear fruits.
01:11I mean, I don't really think China will back down.