Europe is concerned about the flow on effects of Donald Trump’s tariffs.
With a 145% tariff on China, there are fears that instead of cheap products making their way to the US, they’ll be shipped to Europe, weaking local industries.
Europe Correspondent Catherine Field told Mike Hosking that although Trump cut the tariff on Europe, leaders are saying not to breathe a sigh of relief just yet.
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Speaker 1 (00:00):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 2 (00:06):
I think you believe that even though it's hard of hearts.
Do you think it is that why Ferrari's moving out
of Marinello into Alabama?
Speaker 1 (00:13):
Is it? Oh?
Speaker 2 (00:13):
They're not, that's right, Catherine. How are you doing?
Speaker 1 (00:17):
I'm fine? Thank you?
Speaker 2 (00:18):
Meg?
Speaker 1 (00:18):
What about yourself?
Speaker 2 (00:19):
Well, I mean I'm just I mean, I'm fantastic obviously,
but but but I mean, you sit there in Europe
and you've got this idiot talking about this then, and
then where are you guys at with your tariffs? And
who's hitt and who isn't and what's next and whether
anybody knows what's going on?
Speaker 1 (00:33):
Oh? Isn't it just a roller coaster? You know? You
wake up every morning you think, okay, what are we
going to have to deal with today? But when it
comes to tariff's, Yes, there was that sort of sigh
of relief last week when everything was put on a
ninety day pause and everyone started knowing about the difference
between the twenty percent tariff ten percent tariff. But the
(00:53):
message that came through, and it wasn't just from President
Macroma here in Paris, but also across Europe was you know,
don't breathe a sigh of relief just yet. There's a
long way to go. It could all change overnight. And
one of the big things that they're saying, you know
is and the big concern is what is China going
to do with all these products that are coming off
(01:14):
its assembly lines that won't be going to the United States.
So in particular, they're really concerned that Europe's going to
see a lot of products has been dumped on its markets.
The products we're kind of talking about, aluminiums solar panels,
vehicle parts, electrical parts, these things that could so easily
creep into the European market and very quickly at the
(01:37):
same time, Mike, really cause an upset to economies in
Europe that are already a bit shaky at the best
of times.
Speaker 2 (01:44):
Exactly by the way, Germany, so just update me on this,
because post the election, it seemed they're all set to go,
we'll have a talk, we'll all get on together, will
form a government. Then it sort of fell apart. Then
last week, i think it was last week, they had
a deal allegedly are they up and running, Are they
in business yet?
Speaker 1 (02:00):
It looks as though they may be up on business
first week of May. The reason why it all went
so quiet was, believe it or not, Mike, they did
it all behind closed the door and there were no leaks.
No one knew what was going on, and they suddenly
turned around and said, yes, we've got a deal. It's
got to go to the party members, both of the chancellor,
(02:21):
the incumbent chancellor his SPD party has got to vote
on it, and the Conservatives they've got to vote on
it as well. But it looks pretty much as though
come about the sixth of May, Matz will become the chancellor.
He's already started talking about what he's going to do
when he takes office. And this is where we've seen
(02:41):
some big changes, Mike. And the biggest one really is
that in the last couple of days he said that
he will when his chancellor organized that Germany delivers tourists
cruise missiles to Ukraine. These missiles can be integrated into
the Ukrainian Air Force. They can be used against certain targets.
(03:02):
Now you know the idea that Germany would get involved
with delivering these types of highly developed, highly infrastructure, this
type of weapon that is way beyond what the French
and the Brits have been giving to the Ukrainians. You know,
a couple of months ago, it would have been unbelievable.
Now they're talking about this. He's saying he wants to
(03:24):
see that, and everyone's just looking and saying, well, these
are the times we live in. They're going to deliver
these tourists missiles, and they're even talking about which bits
of the infrastructure they're going to hitch, such as in particular,
Fridrich Mattz talked about hitting the Kirch Bridge. That's that
important bridge which links Russia and Crimea.
Speaker 2 (03:45):
Which is why I applied the trump But beforehand, are
we heading to what as Germany and locks it with Europe?
Are we heading towards a ceasefire? Or are we heading
towards the rearming of Ukraine and the walls all on?
Speaker 1 (03:58):
No one talks about a seas fire here, Let's make
that absolutely clear. You know, they've stopped talking about a ceasefire.
It really does look as though, and particularly with what
happened over the weekend, with that killing of what it
was about some thirty four people on their way to
Palm Sunday mass over the weekend that was killed by
Russian attack. The idea now is there is no cease
(04:21):
fire on the horizon. You've got to give you Cray
more than more weapons than it needs so as they
can take back the initiative. And just today we had
European Union foreign ministers talking and they are saying that
they will need this year alone around seventy eight billion
New Zealand dollars to buy a new artillery to help
(04:41):
Kiev hoes.
Speaker 2 (04:43):
All right, Catherin, Nice to catch up and see you
next week. Catherine Field out of France this morning. For
more from the Mic Asking Breakfast, listen live to news Talks.
It'd be from six am weekdays, or follow the podcast
on iHeartRadio.
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 2 (00:06):
I think you believe that even though it's hard of hearts.
Do you think it is that why Ferrari's moving out
of Marinello into Alabama?
Speaker 1 (00:13):
Is it? Oh?
Speaker 2 (00:13):
They're not, that's right, Catherine. How are you doing?
Speaker 1 (00:17):
I'm fine? Thank you?
Speaker 2 (00:18):
Meg?
Speaker 1 (00:18):
What about yourself?
Speaker 2 (00:19):
Well, I mean I'm just I mean, I'm fantastic obviously,
but but but I mean, you sit there in Europe
and you've got this idiot talking about this then, and
then where are you guys at with your tariffs? And
who's hitt and who isn't and what's next and whether
anybody knows what's going on?
Speaker 1 (00:33):
Oh? Isn't it just a roller coaster? You know? You
wake up every morning you think, okay, what are we
going to have to deal with today? But when it
comes to tariff's, Yes, there was that sort of sigh
of relief last week when everything was put on a
ninety day pause and everyone started knowing about the difference
between the twenty percent tariff ten percent tariff. But the
(00:53):
message that came through, and it wasn't just from President
Macroma here in Paris, but also across Europe was you know,
don't breathe a sigh of relief just yet. There's a
long way to go. It could all change overnight. And
one of the big things that they're saying, you know
is and the big concern is what is China going
to do with all these products that are coming off
(01:14):
its assembly lines that won't be going to the United States.
So in particular, they're really concerned that Europe's going to
see a lot of products has been dumped on its markets.
The products we're kind of talking about, aluminiums solar panels,
vehicle parts, electrical parts, these things that could so easily
creep into the European market and very quickly at the
(01:37):
same time, Mike, really cause an upset to economies in
Europe that are already a bit shaky at the best
of times.
Speaker 2 (01:44):
Exactly by the way, Germany, so just update me on this,
because post the election, it seemed they're all set to go,
we'll have a talk, we'll all get on together, will
form a government. Then it sort of fell apart. Then
last week, i think it was last week, they had
a deal allegedly are they up and running, Are they
in business yet?
Speaker 1 (02:00):
It looks as though they may be up on business
first week of May. The reason why it all went
so quiet was, believe it or not, Mike, they did
it all behind closed the door and there were no leaks.
No one knew what was going on, and they suddenly
turned around and said, yes, we've got a deal. It's
got to go to the party members, both of the chancellor,
(02:21):
the incumbent chancellor his SPD party has got to vote
on it, and the Conservatives they've got to vote on
it as well. But it looks pretty much as though
come about the sixth of May, Matz will become the chancellor.
He's already started talking about what he's going to do
when he takes office. And this is where we've seen
(02:41):
some big changes, Mike. And the biggest one really is
that in the last couple of days he said that
he will when his chancellor organized that Germany delivers tourists
cruise missiles to Ukraine. These missiles can be integrated into
the Ukrainian Air Force. They can be used against certain targets.
(03:02):
Now you know the idea that Germany would get involved
with delivering these types of highly developed, highly infrastructure, this
type of weapon that is way beyond what the French
and the Brits have been giving to the Ukrainians. You know,
a couple of months ago, it would have been unbelievable.
Now they're talking about this. He's saying he wants to
(03:24):
see that, and everyone's just looking and saying, well, these
are the times we live in. They're going to deliver
these tourists missiles, and they're even talking about which bits
of the infrastructure they're going to hitch, such as in particular,
Fridrich Mattz talked about hitting the Kirch Bridge. That's that
important bridge which links Russia and Crimea.
Speaker 2 (03:45):
Which is why I applied the trump But beforehand, are
we heading to what as Germany and locks it with Europe?
Are we heading towards a ceasefire? Or are we heading
towards the rearming of Ukraine and the walls all on?
Speaker 1 (03:58):
No one talks about a seas fire here, Let's make
that absolutely clear. You know, they've stopped talking about a ceasefire.
It really does look as though, and particularly with what
happened over the weekend, with that killing of what it
was about some thirty four people on their way to
Palm Sunday mass over the weekend that was killed by
Russian attack. The idea now is there is no cease
(04:21):
fire on the horizon. You've got to give you Cray
more than more weapons than it needs so as they
can take back the initiative. And just today we had
European Union foreign ministers talking and they are saying that
they will need this year alone around seventy eight billion
New Zealand dollars to buy a new artillery to help
(04:41):
Kiev hoes.
Speaker 2 (04:43):
All right, Catherin, Nice to catch up and see you
next week. Catherine Field out of France this morning. For
more from the Mic Asking Breakfast, listen live to news Talks.
It'd be from six am weekdays, or follow the podcast
on iHeartRadio.
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