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Speaker 1: Catherine Field. Morning to you.

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Speaker 2: Good morning mate.

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Speaker 1: So to talk me through this, because I'm already confused,

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Speaker 1: as I think is most of the world. So you guys,

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Speaker 1: EU go reteliatory later on this week. Yet at the

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Speaker 1: same time you're offering the removal of industrial tariffs and

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Speaker 1: Paris wants to whack the services. Is Paris out of

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Speaker 1: line with the EU? Is the EU retelliatory or wanting

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Speaker 1: to negotiate? What's going on?

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Speaker 2: Well, good morning, Mike. Lots of questions in there. Let's

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Speaker 2: unpack a few of them.

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Speaker 3: First of all, the EU is still trying to work

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Speaker 3: out what is going on.

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Speaker 2: I are these tariffs here to stay?

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Speaker 3: Are this current American administration is trying to re engineer

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Speaker 3: the global trading system?

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Speaker 2: Or is it just a negotiating tachnic.

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Speaker 3: So for the meantime, they're all talking tough, but still

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Speaker 3: trying to find out if there's any room whatsoever for

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Speaker 3: negotiations any way forward without some sort of huge, you know,

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Speaker 3: robust countermeasures. Now, in the last couple of ours, we

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Speaker 3: have discovered that the European Union a sort of vonderline

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Speaker 3: and the Trade Commissioner put forward back in February mid

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Speaker 3: February and offered to the American administration to have zero tariffs,

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Speaker 3: reciprocal zero tariffs. They haven't heard back from that. The

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Speaker 3: EU has said that still remains on the table. They

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Speaker 3: would prefer that to be the way forward. But nevertheless,

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Speaker 3: they are going to be looking at some sort of retaliation.

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Speaker 3: They're going to be looking again at goods and services

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Speaker 3: just to see what they can have up their sleeve

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Speaker 3: if this twenty percent tariff which has been announced comming

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Speaker 3: to fact against you European Union, whether that stays in place.

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Speaker 3: So that's where we are want countermeasures ready to go,

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Speaker 3: but hoping that the differences will narrow. Now when it

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Speaker 3: comes to services, Mike, this is where everyone sort of

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Speaker 3: gets to forgets a bit about what's going on. We

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Speaker 3: hear all the time that the EU has a good

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Speaker 3: surplus around three hundred and ten billion New Zealand dollars

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Speaker 3: with US, but in fact, when it comes to services,

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Speaker 3: there's a deficit of about two hundred and twenty New

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Speaker 3: Zealand billion New Zealand dollars. So what France, Germany and

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Speaker 3: Austria is saying is let's keep this one up our sleeves.

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Speaker 3: Let's hit back at big tech now that means heading

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Speaker 3: back at the giants such as Apple, Microsoft, Amazon, Google.

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Speaker 3: These are all big players when it comes to Europe,

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Speaker 3: so you could start finding them, for example, violating digital

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Speaker 3: competition rules all sorts of things like that and making

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Speaker 3: it more difficult. For example, we've spoken about this before.

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Speaker 3: X what used to be known as Twitter, of course,

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Speaker 3: is already in breach of content moderation rules and there's

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Speaker 3: set to have a fine of about six percent of

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Speaker 3: the of its global turnovers. So the France particularly and

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Speaker 3: German is looking at that as a way of saying, listen,

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Speaker 3: you know, when it comes to services, we've got a

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Speaker 3: little bit of our sleeves.

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Speaker 1: Yeah. Is everybody in lockstep in the EU as much

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Speaker 1: as the EU can be in lockstep? Or has everyone

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Speaker 1: got their own plan?

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Speaker 3: Everyone's in lockstit when it says let's just wait and

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Speaker 3: see how this is going to shake down, I mean

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Speaker 3: there's that old quote of never interrupt your enemy when

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Speaker 3: he is making a mistake. Because they all realize that

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Speaker 3: this is a big mistake being made, or they think

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Speaker 3: this is a big mistake being made by Donald Trump,

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Speaker 3: So let's just let it all continue.

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Speaker 2: Working its way down there.

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Speaker 3: When it comes to other matters, say, for example, on

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Speaker 3: you attacking services here, we're seeing a bit of divergence,

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Speaker 3: particularly when it comes to Ireland, of because Ireland has

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Speaker 3: huge yeah, huge in Ireland, they've really made so much

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Speaker 3: of their economy based on things like Apple, Microsoft, to Amazon.

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Speaker 3: They're saying, whoa, wait until we're way further down the

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Speaker 3: line before you start talking about this. But of course,

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Speaker 3: French President Emmanuel mac cron just immediately after these tariffs

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Speaker 3: were announced, Mike, he got around the table at the

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Speaker 3: Elitesai Palace a lot of the French industry leaders and said, hey,

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Speaker 3: if you've got any investment going into the US and

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Speaker 3: you can stop it, stop it now.

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Speaker 2: Yeah.

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Speaker 1: Interesting, just give us a quickly on Marine le pen forgetting.

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Speaker 1: Of course, she's convicted in Beezler. She still seems to

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Speaker 1: be moderately politically popular. Where does this go?

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Speaker 2: Okay?

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Speaker 3: Well, she put it forward to the courts for an appeal,

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Speaker 3: putting a lot of pressure on the judges. Interestingly, the

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Speaker 3: three judges that handed down that decision against her last week,

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Speaker 3: that guilty verdicts, they are now under police protection because

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Speaker 3: there are concerns that she's whipping up her supporters and

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Speaker 3: just making it very difficult for when it comes to

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Speaker 3: the safety of these judges, as putting judges in an

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Speaker 3: impossible position. She had a ver sparsely attended rally here

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Speaker 3: in Paris on Sunday. Essentially she's saying it's a witch

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Speaker 3: and that you're going around saying people are more important

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Speaker 3: than judges and it's.

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Speaker 2: Up to the people to decide.

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Speaker 1: Okay, Doky, I'm glad we got you on board. Catherine

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Speaker 1: appreciate it very much. The attendance, they were expecting hundreds

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Speaker 1: of thousands. They got thousands, but not the sort of

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Speaker 1: numbers they were expecting, so it'll be interesting to see

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Speaker 1: where that goes. For more from the Mic Asking Breakfast,

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Speaker 1: listen live to news talks.

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Speaker 3: It'd be from six am weekdays, or follow the podcast

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Speaker 3: on iHeartRadio