The real worry is, the whole world is concerned that the industrialized West has not recovered from the economic crisis of 2008 and that there is this generalized economic weakness in the United States, in Europe, that we are still incredibly frail.
Freeland discusses the concerns regarding economic recovery and weakness in the U.S. and Europe.
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These tariffs are illegal. They are unjustified. And crucially, Erin, they are self-mutilating for the United States. They're going to hurt the U.S. really badly.
Right now, this is maybe abstract for Americans. But if these tariffs are put in place, it is going to hurt Americans... You are going to be putting tariffs, a tax, on the oil and gas and electricity that we sell you.
My response was dollar-for-dollar retaliation. And after a few months, without any concessions, he lifted those tariffs.