Trump’s tariffs: A declaration of global trade war? | To the Point

US President Donald Trump wants to protect American manufacturing and create jobs through tariffs. A risky bet threatening world trade? Our guests: Beatrix Keim (car expert); Claudia Schmucker (geoeconomic analyst); Clifford Coonan (DW) Erik Kirschbaum (LA Times) 01:00 Introduction of guests 02:00 Tariffs are not a useful tool; inflation will rise 02:40 Tariffs will hit developing countries as well as US consumers 03:40 Dark day for free trade 04:40 For businesses everything is very uncertain 05:30 Imports to the US are cheaper than US products 06:00 Video: Trump’s ideas on tariffs 07:30 Nothing in this deal is fair, there is no basis for the tariffs 08:15 Tariffs are not a remedy for the US economy 09:00 Will the tariffs be lower than announced by Trump? 10:35 Overall the supply chains will be hit hard 11:10 Video: Effects of tariffs on the Auto industry 12:50 US carmakers will pay billions of dollars if tariffs enter into force 13:30 Car prices in the US will rise (Keim 15:00 The whole global economic system will be hit 16:15 Car parts change borders eight times on average before cars are assembled 16:35 We don’t need this kind of tariff 17:18 The country which will lose out most will be the US 18:30 US citizens believe industry can profit from these tariffs 19:00 Trump says he fights for people with low income 20:15 EU will respond in a rational way 22:15 End of globalization? 24:00 It’s hard to replace the US as a trade partner 25:00 Is the idea of globalization at its end? #tariffs #trump For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1