WEBVTT - Special: President Trump in Europe 0:00:00.080 --> 0:00:12.960 Ye, Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keane 0:00:13.480 --> 0:00:17.560 Jay Lee. We bring you insight from the best in economics, finance, investment, 0:00:18.000 --> 0:00:23.480 and international relations. Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, 0:00:23.600 --> 0:00:34.600 Bloomberg dot Com, and of course, on the Bloomberg John 0:00:34.720 --> 0:00:36.920 us Now is a former US Ambassador to the EU. 0:00:37.000 --> 0:00:40.560 He's Anthony Gardner Ambassador. When you look at everything that's happened, 0:00:40.560 --> 0:00:45.120 we've lost seventy two hours. What does this mean for breaksit? Well, 0:00:45.159 --> 0:00:48.880 first of all, it's unprecedented for a sitting president United 0:00:48.920 --> 0:00:52.120 States during a state visit to attack and ally and 0:00:52.159 --> 0:00:55.400 do it so publicly and endorse one of her rivals 0:00:55.440 --> 0:00:59.000 for that position. It's unprecedented in its outrageous. The second 0:00:59.000 --> 0:01:01.440 point it's an import is that the comments were just, 0:01:02.000 --> 0:01:05.200 you know, not on the mark. A lot of US businesses, 0:01:05.240 --> 0:01:06.959 as you know and use your viewers would know, have 0:01:07.040 --> 0:01:10.440 invested in the UK as a gateway to Europe, just 0:01:10.520 --> 0:01:13.080 like the Japanese have. So in fact, many of those 0:01:13.120 --> 0:01:16.760 businesses want UK regulations to remain aligned with those of 0:01:16.800 --> 0:01:19.520 the EU. The second point is important is that a 0:01:19.520 --> 0:01:22.520 lot of the regulations that the US complains about and 0:01:22.600 --> 0:01:25.880 that the President and Wilbert Ross wanted the UK to ditch. 0:01:26.360 --> 0:01:30.920 Are those agricultural regulations that impede US exporters from selling 0:01:30.959 --> 0:01:34.640 GMO products and hormone treated beefs on? Those things aren't 0:01:34.680 --> 0:01:37.640 going to change. But I guess what I was trying 0:01:37.680 --> 0:01:40.360 to get in my question is, you know, the President 0:01:40.400 --> 0:01:43.640 of United States shows up saying maybe it's Boris Johnson 0:01:43.640 --> 0:01:47.560 that should be Prime minister? Does the UK rally for 0:01:47.640 --> 0:01:50.200 the prime minister? Does it actually make her stronger? I 0:01:50.240 --> 0:01:52.920 think they probably will. We've seen a lot of reactions 0:01:52.920 --> 0:01:55.600 so far, mostly from the Labor Party, but I think 0:01:55.680 --> 0:01:57.480 we'll see a lot of reactions as well from the 0:01:57.520 --> 0:02:00.360 Tory saying it's just not appropriate for president to be 0:02:00.440 --> 0:02:04.440 interfering in the UK politics in this way. Ambassador, probably 0:02:04.560 --> 0:02:06.120 all want to go to Venice and hide in the 0:02:06.600 --> 0:02:10.440 Peggy looking On collection today, where you've provided leadership, that 0:02:10.480 --> 0:02:13.239 would be a good place to get out of the storm. 0:02:13.320 --> 0:02:16.560 You are one of the singular American voices, your cross 0:02:16.600 --> 0:02:21.480 section of law and diplomacy as well in this cacophony 0:02:21.600 --> 0:02:26.200 that we see here, How does Washington extract itself to 0:02:26.400 --> 0:02:29.640 a president? Obama would say, and I would suggest President 0:02:29.639 --> 0:02:32.760 Trump as well, to a better place out of the 0:02:33.000 --> 0:02:36.279 endless and ceaseless noise that we have. What are Republicans 0:02:36.320 --> 0:02:38.800 on the hill have to do? What are Democrats have 0:02:38.880 --> 0:02:41.760 to do? What do these institutions have to do. That's 0:02:41.800 --> 0:02:44.080 a great question and there is no clear answer to it. 0:02:44.120 --> 0:02:46.560 But this is my answer to your question. I think 0:02:46.639 --> 0:02:48.960 US business does have to speak up. Now. This is 0:02:49.000 --> 0:02:50.920 not a part of an issue. This is important, it 0:02:51.040 --> 0:02:52.760 is not a part as an issue. Just to ask 0:02:52.800 --> 0:02:56.200 the question, how is any of this advancing US interests, 0:02:56.240 --> 0:03:00.919 particularly US business interests? When we withdraw from international trade, 0:03:00.919 --> 0:03:04.720 When the EU sets its standards globally, including an agriculture 0:03:04.720 --> 0:03:07.880 on data protection wise and we're not, how does it 0:03:07.919 --> 0:03:10.760 advance US interests? Two days after Brexit, Francie and I 0:03:10.800 --> 0:03:13.440 were still trying to get through the debris that that 0:03:13.600 --> 0:03:17.959 evening and into the next morning. I remember ubs purchased 0:03:17.960 --> 0:03:20.560 a property or went from least to ownership or whatever 0:03:20.800 --> 0:03:23.240 on the River Thames. We're going to hear from James 0:03:23.240 --> 0:03:26.880 Diamond today and is JP Morgan earnings. What does someone 0:03:26.960 --> 0:03:31.239 like Jamie Diamond have to say to suggest to President 0:03:31.280 --> 0:03:36.000 Trump this behavior, this tabloid is not in the best 0:03:36.120 --> 0:03:39.200 interests of all What does Jamie have to do well? 0:03:39.240 --> 0:03:42.000 The basic point is remember who your allies are and 0:03:42.040 --> 0:03:45.280 who your enemies are. Let's stop confusing the two. We 0:03:45.360 --> 0:03:49.000 need to work with our allies, including the European Union, 0:03:49.600 --> 0:03:53.160 who are natural partners at advancing our interests, particularly on trade. 0:03:53.200 --> 0:03:56.080 On the business interests or your viewers are particularly interested in. 0:03:56.400 --> 0:03:59.880 That means, for example, identifying the issues where the presidents 0:04:00.040 --> 0:04:05.760 correctly identified as being problematic IP theft market access to 0:04:06.000 --> 0:04:08.720 various countries, not only China. We should be working with 0:04:08.800 --> 0:04:11.240 the EU as we have been in the past on 0:04:11.280 --> 0:04:13.320 those issues, rather than being at war with the EU 0:04:13.440 --> 0:04:16.080 on cars and on aluminum and on steel. That's the 0:04:16.080 --> 0:04:19.400 basic point, right, But a mess this helps with his popularity. Right. 0:04:19.960 --> 0:04:23.320 We're close to the midterm elections, so actually America going 0:04:23.320 --> 0:04:26.040 out of a loan a strong man president that can 0:04:26.120 --> 0:04:29.400 get a deal with China sounds better than going through 0:04:29.440 --> 0:04:31.279 allies in Europe and trying to figure out what we 0:04:31.320 --> 0:04:33.640 do with I p Yes, but that's short term thinking. 0:04:33.720 --> 0:04:35.600 I think businesses should be in the business of mid 0:04:35.800 --> 0:04:38.919 term and long term thinking as well. Um and we 0:04:38.960 --> 0:04:42.320 will soon see the consequences of a potentially a trillion 0:04:42.320 --> 0:04:45.160 dollar trade war on US exporters. A lot of people 0:04:45.200 --> 0:04:48.000 are assuming that this is just negotiating tactics. Right. The 0:04:48.040 --> 0:04:51.680 President knows what he's doing. He's a good negotiator, successful businessman. 0:04:51.880 --> 0:04:55.240 It'll all sort itself out. Be careful about that kind 0:04:55.240 --> 0:04:58.480 of you know thinking, because I don't see a strategy 0:04:58.520 --> 0:05:01.880 behind this. Businesses need to warren as President Isabelle. What's 0:05:02.040 --> 0:05:05.280 precedent in the markets? Do markets need to warn President Trump? 0:05:05.839 --> 0:05:08.320 I think they do. Another, I think they are and 0:05:08.360 --> 0:05:10.840 in fact we're I'm sure again we're going to hear 0:05:10.839 --> 0:05:14.279 in the earnings called some some some stronger language from 0:05:14.320 --> 0:05:16.680 from the corporate world that that came out clearly from 0:05:16.720 --> 0:05:20.240 the five minutes that were published last week. The businesses 0:05:20.240 --> 0:05:23.480 are beginning to to speak. And as I was saying earlier, 0:05:23.480 --> 0:05:26.640 the markets, you know, are pricing in a much higher 0:05:27.200 --> 0:05:29.680 risk premium in every asset class under the sun than 0:05:29.720 --> 0:05:31.799 they did last year. Why is that? It's in large 0:05:31.800 --> 0:05:35.760 part because of all this uncertainty that that the US 0:05:36.000 --> 0:05:38.920 policies have been creating. In your government studies at Harvard 0:05:39.000 --> 0:05:42.000 and then on to Oxford and the Columbia law all 0:05:42.040 --> 0:05:45.480 the track of Anthony Gardner. What I find so important 0:05:45.520 --> 0:05:49.000 here is you know, an event after event, the unpredictable happens. 0:05:49.720 --> 0:05:53.359 Are we set up right now for the unpredictable abilities 0:05:53.360 --> 0:05:57.680 that we heard financially, what we saw out of the 0:05:57.720 --> 0:06:01.960 Soviet Union? Are we at that instability within Europe right now? Well, 0:06:02.000 --> 0:06:05.279 we're sending a lot of negative signals, and signals communication 0:06:05.360 --> 0:06:08.039 and words matter. Even if all of this is sorted out, 0:06:08.360 --> 0:06:10.919 we're sending dangerous signals about how the president is at 0:06:11.000 --> 0:06:15.159 least ambivalent about our alliances NATO in the EU. That's dangerous. 0:06:15.200 --> 0:06:18.880 Look at historical historical evidence. Are the Baltic states at 0:06:18.960 --> 0:06:20.719 risk here? I mean we're talking about Georgia and the 0:06:20.720 --> 0:06:23.240 rest of the tangential in Ukraine. Are the Baltic states 0:06:23.320 --> 0:06:25.400 at risk? I think they feel that they're at risk, 0:06:25.640 --> 0:06:28.919 and it empowers those who believe that those frontline states 0:06:29.080 --> 0:06:31.680 actually may not be defended at a time of need. 0:06:32.160 --> 0:06:37.360 Let's look at historical experience. When both sides mobilized, there 0:06:37.400 --> 0:06:39.760 comes a point when it's very hard to withdraw. I'm 0:06:39.760 --> 0:06:41.680 talking about the trade war here. We are at an 0:06:41.720 --> 0:06:44.720 inflection point. Very good, Let's come back, Combassador Gardener, where 0:06:44.720 --> 0:06:47.279 this and we will continue, and of course Isabelle Lago 0:06:47.640 --> 0:06:50.880 as well from black Rock. This wonderful conversation to get 0:06:50.920 --> 0:07:09.000 the day started. In London. Alex Wayne is the guy 0:07:09.240 --> 0:07:13.720 in the trenches who takes all the different copy from 0:07:13.760 --> 0:07:18.080 the reporters and makes it ready for Bloomberg News, Bloomberg 0:07:18.080 --> 0:07:21.560 dot Com and of course for how many sources that 0:07:21.760 --> 0:07:26.000 uses worldwide. We've dragged him away. He's working his phone here, Lisa. 0:07:26.120 --> 0:07:28.880 It's embarrassing. His phone looks like he dropped it four 0:07:28.920 --> 0:07:31.560 times in a bar last night. But you're glued to 0:07:31.600 --> 0:07:34.800 the phone with nine reporters right now. What are the 0:07:34.800 --> 0:07:38.200 people in checkers saying? It's pretty quiet up there? You know? 0:07:38.280 --> 0:07:40.960 He's he played down the Sun interview when he when 0:07:40.960 --> 0:07:42.640 he met with May, he said they have a very 0:07:42.720 --> 0:07:47.200 very strong relationship. May was we couldn't we couldn't hear 0:07:47.320 --> 0:07:49.480 very well for one thing. But she she, she seemed 0:07:49.560 --> 0:07:52.440 like and they seemed to be getting along. Account helber Adi, 0:07:52.480 --> 0:07:55.600 it's you're based in London or Washington. I'm based in Washington. 0:07:56.400 --> 0:07:59.720 Based in Washington. There's the Washington Post, in the New 0:07:59.800 --> 0:08:02.560 York Times, in Bloomberg News, and I love two days 0:08:02.560 --> 0:08:07.200 this week Mike Allen and Axios led twice with Bloomberg copy. 0:08:07.640 --> 0:08:11.400 Everybody's grinding it out. But the tabloid thing, I mean, 0:08:11.400 --> 0:08:14.760 you're a pro journalist. I'm just pretending. The bottom line, 0:08:14.800 --> 0:08:19.840 Alex is the tabloid tone in the United Kingdom is 0:08:19.920 --> 0:08:23.360 way different than Washington and frankly way different than Mr 0:08:23.440 --> 0:08:26.520 Murdock's New York Post as well. What did you think 0:08:26.560 --> 0:08:31.640 of the presentation of the interview by the Sun. Uh, 0:08:31.680 --> 0:08:33.800 you know, I've actually enjoyed it reading as a as 0:08:33.800 --> 0:08:35.959 a reader, I found it a pretty pleasurable experience and 0:08:36.040 --> 0:08:38.160 just kept going on and on and giving and giving 0:08:38.200 --> 0:08:40.280 more and more. Now they do some stuff on their 0:08:40.280 --> 0:08:42.839 website with ads and things that are a little distracting, 0:08:42.920 --> 0:08:44.920 and uh and but I but I did like the 0:08:44.920 --> 0:08:46.640 way they organized it. They sort of broke it up 0:08:46.640 --> 0:08:50.200 into different sections with pictures, and you know, he covered 0:08:50.200 --> 0:08:54.840 a lot of ground with them. Three right, one of 0:08:54.880 --> 0:08:57.880 my at least, so one of my producers, Bowden ripped, 0:08:58.080 --> 0:09:00.560 I go, where's page three? And he goes ripped it 0:09:00.559 --> 0:09:02.520 out and I said why, he said, shut up? Time, 0:09:02.600 --> 0:09:07.120 just go on. I love I love the the u 0:09:07.240 --> 0:09:09.480 S analysis of the Sun. There were a lot of 0:09:09.559 --> 0:09:11.720 nice pictures. No, Alex, I do want to get a 0:09:11.720 --> 0:09:15.600 sense of the broader implications here of President Trump going 0:09:15.720 --> 0:09:19.280 after Theresa May and frankly showing a lot of affection 0:09:19.320 --> 0:09:22.480 towards barn Boris Johnson Um and sort of saying, if 0:09:22.640 --> 0:09:25.000 you know that the Brexit deal that Theresa May is 0:09:25.040 --> 0:09:27.520 putting out there isn't what the US is talking about, 0:09:28.120 --> 0:09:31.280 isn't what the the UK isn't what the UK population 0:09:31.360 --> 0:09:34.240 voted for in the U S could potentially cut its trade, 0:09:34.480 --> 0:09:37.800 some of its trade relationships or deals. Why what is 0:09:37.840 --> 0:09:41.520 this significant not only for Britain but just in terms 0:09:41.640 --> 0:09:48.760 of President Trump's sentiment right now? Short answer, No, not really, alright, 0:09:49.120 --> 0:09:52.000 you know everybody everybody in the UK is very exercised 0:09:52.000 --> 0:09:54.680 about the interview. Oh my gosh, he cut Theresa Mays 0:09:54.679 --> 0:09:57.600 at knees out from underneath her. It's probably helpful for 0:09:57.760 --> 0:10:00.200 I mean, he's not very popular in the UK, not 0:10:00.280 --> 0:10:03.160 very popular in the US. Uh. If he's attacking the 0:10:03.160 --> 0:10:05.000 Prime minister, I think that probably makes a lot of 0:10:05.000 --> 0:10:07.800 Britain sympathetic toward her position. Hold on one second, this 0:10:07.880 --> 0:10:10.320 is actually really important. We need to highlight this. You're 0:10:10.360 --> 0:10:13.240 saying that by President Trump trying to cut down the 0:10:13.600 --> 0:10:16.560 UK Prime Minister Theresa May. He's actually giving her more 0:10:16.720 --> 0:10:19.640 clout with the population and could potentially give her more 0:10:19.720 --> 0:10:23.800 power heading into Brexit negotiations. I think he could help 0:10:23.800 --> 0:10:26.240 ear and I have a feeling she has a has 0:10:26.280 --> 0:10:29.040 her finger closer to the pulse of what what Britain's 0:10:29.120 --> 0:10:33.160 want and a Brexit deal than he does. When we 0:10:33.200 --> 0:10:36.719 look at Kevin's really coming here. Was traveled with the 0:10:36.840 --> 0:10:40.800 president since the very beginning. Wait, you know when nobody 0:10:41.040 --> 0:10:44.679 thought he would be even his supporters think he'd become president. 0:10:45.000 --> 0:10:47.880 In the grind that you're in, alex Wayne every day, 0:10:47.920 --> 0:10:51.560 how has the president changed in the last year? And 0:10:51.600 --> 0:10:54.960 then in the day to day grind, what do you observe? 0:10:55.640 --> 0:10:57.440 Is he the same as he was a year ago? 0:10:58.000 --> 0:11:02.800 Or has it been changes? Man? That's deep? Um you 0:11:03.120 --> 0:11:07.360 do this Friday? Also, I went to a Croatian bar 0:11:07.480 --> 0:11:12.600 last night, so seriously changed. I think his his relationship 0:11:12.679 --> 0:11:17.840 with the press has gotten more complex. Uh, And I 0:11:17.880 --> 0:11:21.400 think I think that this Annapolis shooting recently kind of 0:11:21.400 --> 0:11:25.320 put a put a sort of highlighted that, Um he 0:11:25.520 --> 0:11:28.360 you know, he's always demonized us in front of his 0:11:28.400 --> 0:11:30.679 supporters and then dealt with us on the back end. 0:11:30.800 --> 0:11:34.160 But uh, you know, he's he's been spending a lot 0:11:34.200 --> 0:11:36.400 of time with us lately on all these foreign trips. 0:11:36.760 --> 0:11:41.400 Um he's been. There's been a lot of lengthy conference 0:11:42.040 --> 0:11:43.880 was and now he didn't give us much notice about 0:11:43.920 --> 0:11:47.280 the press. But quickly here he spoke nicely to Margaret 0:11:47.280 --> 0:11:49.440 to love as well. He did what was stunning he did, 0:11:49.480 --> 0:11:52.679 he did, He's he's uh, he seems he's developed a 0:11:52.679 --> 0:11:54.839 relationship with Margaret, with Jennifer Jacobs, with some of the 0:11:54.880 --> 0:11:59.520 other reporters. Um, So you know, I think he's Even 0:11:59.520 --> 0:12:02.560 when he was ripping us at his rallies, I thought 0:12:02.640 --> 0:12:06.760 it was mostly for show. It's it's really become quite clearly. 0:12:06.920 --> 0:12:09.440 And I want you to stay here, but your entourages 0:12:09.480 --> 0:12:12.079 out through the window of our London studios saying Mr 0:12:12.120 --> 0:12:14.800 Wayne has to go back to his real job. Alex Wayne, 0:12:14.800 --> 0:12:17.040 thank you so much, folks. It's just a window into 0:12:17.120 --> 0:12:32.080 our lead editor of our Brexit team. We drive forward 0:12:32.080 --> 0:12:34.599 our conversation on Bloomberg surveillance, as we did it with 0:12:34.640 --> 0:12:37.920 Ambassador Gardener in the last hour, with another ambassador from 0:12:37.960 --> 0:12:41.280 the United Kingdom and their former ambassador of the United States, 0:12:41.320 --> 0:12:45.320 also serving as ambassador to France and to Turkey as well. 0:12:45.559 --> 0:12:48.160 Peter Wassmancutt joining us this morning, Ambassador, thank you so 0:12:48.240 --> 0:12:52.480 much for finding time on this just exceptionally unique day. 0:12:52.840 --> 0:12:56.320 As well. There is a moment in the John Adams 0:12:56.320 --> 0:13:00.360 television series where the acclaimed actor Paul Giamati is Johnny 0:13:00.360 --> 0:13:03.600 Adams goes in to meet the king after the Revolution. 0:13:04.040 --> 0:13:07.960 Stunning scene, at least for ugly Americans like me. He 0:13:08.160 --> 0:13:11.000 backs out of the room. Now, I'm assuming the President 0:13:11.040 --> 0:13:13.280 will not back out of the room today were the 0:13:13.360 --> 0:13:16.640 queen when they have tea. But after what we've seen 0:13:16.760 --> 0:13:20.560 in this tabloid, how will the Queen of England greet 0:13:20.559 --> 0:13:24.800 this President of the United States. The Queen has a 0:13:24.800 --> 0:13:27.880 lot of experience of dealing with visiting statesman she's met, 0:13:27.920 --> 0:13:29.800 and a a lot of presidents post to the United 0:13:29.840 --> 0:13:34.080 States and elsewhere. My hunch from my own experience is 0:13:34.120 --> 0:13:37.360 that this will be super correct. It will be cordial. 0:13:37.880 --> 0:13:42.360 There will be conversation about relatively unpolitical issues. I would 0:13:42.400 --> 0:13:45.120 be surprised if her Majesty asks about, you know, the 0:13:45.160 --> 0:13:47.920 Sun editorial and so on, But but who knows. So 0:13:48.080 --> 0:13:50.880 I think this is a meeting, which is which is 0:13:50.960 --> 0:13:54.640 largely a courtesy t at the Castle of windsor give 0:13:54.720 --> 0:13:56.559 great pleasure to the first lady. I'm sure it will 0:13:56.600 --> 0:13:58.320 give great pleasure to the President. But this is not 0:13:58.400 --> 0:14:00.160 a conversation I don't think, which is like did to 0:14:00.200 --> 0:14:02.720 go into the substance in any great depth? Will the 0:14:02.840 --> 0:14:06.559 nation rally around the Prime minister after what we've seen here? 0:14:06.640 --> 0:14:10.800 Will labor Tory? Will people not attached the politics? Will 0:14:10.840 --> 0:14:13.600 they rally around the Prime Minister? Well, I think there's 0:14:13.600 --> 0:14:16.480 a sense that this is a pretty unpleasant payback to 0:14:16.520 --> 0:14:18.760 the Prime Minister who's gone out of her way to 0:14:18.880 --> 0:14:23.320 give Donald Trump almost in all the detail, an equivalent 0:14:23.320 --> 0:14:25.080 of a state visit without him being a state visit. 0:14:25.560 --> 0:14:29.520 Red carpet, blendim palace, tea with the Queen, all the 0:14:29.520 --> 0:14:31.920 other stuff which has been laid on, And this is 0:14:31.920 --> 0:14:33.880 a bit of a kick in the teeth, frankly to 0:14:33.920 --> 0:14:36.400 the Prime Minister. I don't know what it's designed to achieve. 0:14:36.960 --> 0:14:39.160 I noticed that the President was not kind of renting. 0:14:39.240 --> 0:14:41.960 He was calm and deliberate while he was giving an interview. 0:14:42.360 --> 0:14:44.880 Was it something he had been encouraged to do in 0:14:45.000 --> 0:14:48.760 order to strengthen the hard Brexit is here in British 0:14:48.800 --> 0:14:51.680 domestic politics. Was it something she decided to do because 0:14:51.680 --> 0:14:53.440 it was the opposite of what President Obama had done, 0:14:53.440 --> 0:14:56.240 which was to come to London and support UM not 0:14:56.280 --> 0:14:59.360 doing Brexit at David Cameron's request, and he decided he 0:14:59.400 --> 0:15:02.000 would come to then Um and take the opposite view, 0:15:02.280 --> 0:15:04.720 mind you, this time undermining the prime minister of the country, 0:15:04.840 --> 0:15:07.560 not supporting the prime minister country. I do not know, 0:15:07.960 --> 0:15:09.800 but I think we are in we are in different 0:15:09.840 --> 0:15:12.360 territory and it's not helpful to the prime minister position, 0:15:12.480 --> 0:15:14.720 and there could be some sort of a backlash saying, 0:15:14.840 --> 0:15:16.720 you know what, whether we agree or whether we don't 0:15:16.720 --> 0:15:19.280 agree what she's trying to do. This is not fair, right, 0:15:19.360 --> 0:15:22.960 But is she also weakened by it? I'm not sure 0:15:23.000 --> 0:15:24.800 that I can. I don't have a view on that yet. 0:15:24.840 --> 0:15:27.440 I think we wait to see. Initially, I think she's 0:15:27.480 --> 0:15:30.080 a bit weakened because what it does is point out 0:15:30.160 --> 0:15:33.280 the contradictions which we all know are unresolved within the 0:15:33.320 --> 0:15:36.880 government's position on how to handle Brexit. When President Trump 0:15:36.920 --> 0:15:39.280 says BI natural trade deal with neither the States is off, 0:15:39.400 --> 0:15:40.920 I think he's a little out of date because he's 0:15:40.920 --> 0:15:43.560 looking at the time when the Brexit package appeared to 0:15:43.600 --> 0:15:45.800 be one which excluded the right for the UK to 0:15:45.880 --> 0:15:48.160 have any bilactural free trade agreements. The Prime Minister has 0:15:48.160 --> 0:15:50.760 since been in Parliament saying, actually it doesn't we can 0:15:50.800 --> 0:15:54.440 negotiate those free trade agreements. So whether she's weak or not, 0:15:54.480 --> 0:15:56.680 I don't know, but I don't think this helps the 0:15:56.720 --> 0:15:58.920 relationship and the perception of Donald Trump here in the 0:15:58.960 --> 0:16:01.880 United Kingdom. Okay, Is it because Donald Trump actually sees 0:16:01.880 --> 0:16:06.680 parallels between Brexit and his own election? Is that why 0:16:06.720 --> 0:16:08.760 he's weighing in or is it because he's simply friends 0:16:08.760 --> 0:16:12.720 with Boris Johnson. I think in one sense we're seeing 0:16:12.800 --> 0:16:16.120 his preference for bilateral deals. He doesn't like multilateral doesn't 0:16:16.160 --> 0:16:19.320 like NATO, EU, all those countries coming together, and he 0:16:19.360 --> 0:16:22.480 thought the answer was a deal between himself and the UK, 0:16:22.600 --> 0:16:25.280 and he saw that perhaps disappearing. I think that's part 0:16:25.280 --> 0:16:28.000 of it. The Boris Johnson thing puzzles me because bald 0:16:28.480 --> 0:16:31.000 Boris Johnson was one of the British politicians who was 0:16:31.120 --> 0:16:33.880 rudest about Donald Trump during the campaign. Since then, he's 0:16:33.880 --> 0:16:36.400 been flattering him, saying how marvelous he is, so obviously 0:16:36.440 --> 0:16:39.400 something has changed in that relationship. Beyond that, does he 0:16:39.440 --> 0:16:43.000 really think Boris Johnson gonna become Prime Minister? Hut. We 0:16:43.040 --> 0:16:45.400 want to come back and continue this discussion. But you 0:16:45.440 --> 0:16:48.640 are one of the few people alive today understand the 0:16:48.760 --> 0:16:53.720 special relationship of the United Kingdom in France where you served, 0:16:54.040 --> 0:16:57.520 in the United States where you served. This triangle of 0:16:57.640 --> 0:17:01.880 three centuries of relationship is really at risk here. How 0:17:01.880 --> 0:17:05.600 do we extricate ourselves from this moment to get back 0:17:05.640 --> 0:17:09.160 to what the United Kingdom, France and America once had. 0:17:10.560 --> 0:17:13.439 It's an extraordinary good question. When I was in Paris, 0:17:14.160 --> 0:17:16.879 there was an element of the bilateral relationship being special 0:17:16.920 --> 0:17:21.600 and entente cordial, and some British politicians wanted to focus 0:17:21.640 --> 0:17:24.399 exclusively on the United States. The French saw it a 0:17:24.400 --> 0:17:27.280 bit more triangular. My own view was that with Britain 0:17:27.280 --> 0:17:30.240 and France the only two serious European powers in defense 0:17:30.280 --> 0:17:32.879 and intelligence and so on, that it was important for 0:17:32.920 --> 0:17:34.760 all three of us to work together. And when you 0:17:34.760 --> 0:17:37.600 look at the moment when we countries of the leaders 0:17:37.640 --> 0:17:39.080 of the free world, if you like hav Inter been 0:17:39.119 --> 0:17:41.600 militarily often, the three of us have been in there 0:17:41.680 --> 0:17:43.840 Iraq being a great exception, of course, back in two 0:17:43.840 --> 0:17:48.359 thousand and three. So getting this relationship working again very important. 0:17:48.440 --> 0:17:50.920 I think President Emmanuel Macros has done a very good 0:17:50.960 --> 0:17:53.280 job of Matt. He has stood up to Donald Trump. 0:17:53.280 --> 0:17:56.199 He has also lavished praise on him. He's had him 0:17:56.240 --> 0:17:58.880 to Paris for the vast Year Days celebrations. But he's 0:17:58.920 --> 0:18:00.879 also just are you with him when he's needed to 0:18:00.960 --> 0:18:03.040 do so. Theresa May has done so because there've been 0:18:03.160 --> 0:18:06.520 numerous occasions when British and French views on international affairs 0:18:06.560 --> 0:18:09.720 have been contradicted or even undermined by President Trump. So 0:18:09.920 --> 0:18:11.719 we have to get that relationship back. It's a very 0:18:11.720 --> 0:18:13.800 good point to make. How we do it remains to 0:18:13.840 --> 0:18:15.879 be seen. Peter Westcott, thank you so much. He's, of 0:18:15.920 --> 0:18:31.679 course a former UK ambassador to the US. We need 0:18:31.760 --> 0:18:33.920 not to go to the White House and our Kevin 0:18:34.000 --> 0:18:38.680 Sally Kevin a press conference with a certain level of joviality. 0:18:39.200 --> 0:18:42.240 Have you ever seen him say I'm not going to 0:18:42.359 --> 0:18:45.080 take a question from CNN? Was that a first or 0:18:45.160 --> 0:18:48.480 is that business as usual for you animals that cover 0:18:48.560 --> 0:18:52.440 the president? Business as usual? Business as usual? Look, and 0:18:52.800 --> 0:18:56.480 obviously we should know our our intrepid colleagues with PNN. 0:18:56.840 --> 0:18:59.560 You great work over there, But but I want to 0:18:59.600 --> 0:19:03.960 make a here because it's fascinating to note that after 0:19:04.080 --> 0:19:07.520 that black high affair yesterday, President Trump, as he left 0:19:07.960 --> 0:19:10.719 that that dinner with the UK Prime Minister Theresa May 0:19:11.119 --> 0:19:15.159 see Rupert Murdoch owned The Sun published this uh, this 0:19:15.359 --> 0:19:19.280 interview uh, and as it was made public, flash forward 0:19:19.320 --> 0:19:22.800 to this morning and loving when the President says that 0:19:22.920 --> 0:19:26.520 he apologized to the UK Prime Minister and she brushed 0:19:26.560 --> 0:19:28.840 it off and said, quote unquote, this is just the press. 0:19:29.400 --> 0:19:33.240 So it was an interesting display and an illustration of 0:19:33.400 --> 0:19:37.120 how the special relationship between the US and the UK 0:19:37.840 --> 0:19:42.280 has evolved in the Trump era. Also note that, more importantly, 0:19:42.359 --> 0:19:45.800 from a policy standpoint, UK Prime Minister Theresa May saying 0:19:45.840 --> 0:19:48.880 that President Trump is going into the July sixty meeting 0:19:48.920 --> 0:19:51.800 with President Who in hell Sinky from a quote unquote 0:19:52.080 --> 0:19:56.240 position of strength and a unified NATO, the President saying 0:19:56.280 --> 0:19:59.719 that he secured thirty four billion dollars additional funding Canado. 0:20:00.640 --> 0:20:04.879 Oh within that, Kevin, is the preparation, preparation for what 0:20:05.040 --> 0:20:08.560 you and I will see monday in Helsinki. Tell us 0:20:08.640 --> 0:20:13.320 what's different about the preparation for this summit from any 0:20:13.400 --> 0:20:16.800 other big meeting that President Trump would have. There were 0:20:16.880 --> 0:20:21.520 certainly the preparation for the Singapore summit. What's different and 0:20:21.720 --> 0:20:26.560 how he's preparing the expectations. The President said point blank 0:20:26.640 --> 0:20:30.359 that he doesn't have high expectations that he's the administration 0:20:30.480 --> 0:20:33.399 is really going out of its way to manage expectations 0:20:33.880 --> 0:20:37.600 with this President Trump and President Putin meeting, the President 0:20:37.680 --> 0:20:40.720 saying that he barely knows President Putin, that he's only 0:20:40.800 --> 0:20:43.760 met with him to two and a half times his work, 0:20:44.119 --> 0:20:45.680 his counting, I don't know how you need someone to 0:20:45.680 --> 0:20:48.680 have fun, but uh, and I think that from a 0:20:48.800 --> 0:20:52.600 from an agenda standpoint. More importantly, senior administration officials as 0:20:52.640 --> 0:20:55.000 well as the President saying that the main topics the 0:20:55.080 --> 0:21:00.440 conversation will be UH, disarmament, UH, Ukraine, Syria, and yes 0:21:00.560 --> 0:21:04.439 election medally on the issue of crimea, particularly from an 0:21:04.560 --> 0:21:08.840 energy sector standpoint, tom the President did not forecast at 0:21:08.920 --> 0:21:12.480 all during this press conference when he was repeatedly asked 0:21:12.680 --> 0:21:16.440 what his policy would be, or how he or what 0:21:16.600 --> 0:21:20.520 outcome even he is hoping to articulate the President Photin 0:21:20.600 --> 0:21:25.480 with regard to crimea. Kevin SURREALI one topic that did 0:21:25.560 --> 0:21:29.159 not get mentioned, but that could be described as a 0:21:29.320 --> 0:21:34.160 sort of in the center of Syria and Crimea as 0:21:34.280 --> 0:21:36.880 well as what is going on inside the European Union 0:21:36.920 --> 0:21:40.360 and NATO, and that is Turkey. And uh, I'm wondering 0:21:40.520 --> 0:21:43.680 if there's any thought that you've or any based on 0:21:43.760 --> 0:21:47.159 your conversations, whether anyone has been talking about what is 0:21:47.200 --> 0:21:51.000 happening in Turkey. You have Turkish government bond yields tenure 0:21:51.080 --> 0:21:55.840 yields near seventeen percent, you have the Turkish leer trading 0:21:55.880 --> 0:21:58.479 at a record low against the US dollar, and at 0:21:58.520 --> 0:22:02.400 the same time Turkeys looking to by Russian missile systems 0:22:02.520 --> 0:22:07.160 and US mad F thirty five joint strike fighters. Yes, 0:22:07.320 --> 0:22:09.640 and I think that that is from a broader context. 0:22:09.880 --> 0:22:13.719 You correct, there has been no direct connection of Turkey 0:22:14.000 --> 0:22:17.520 in the last week or comments from Turkey Bostly administration 0:22:17.600 --> 0:22:21.520 publicly forecasting remarks regarding Ukraine and Crimea, but with regards 0:22:21.560 --> 0:22:24.720 to the Turkey in particular, I think this is where 0:22:24.720 --> 0:22:28.960 the NATO negotiations really become interesting, particularly but the President 0:22:29.040 --> 0:22:33.320 asserting that he has been able to ulster NATO funding that, 0:22:33.520 --> 0:22:36.680 according to Prime Minister May, is something that gets the 0:22:36.720 --> 0:22:39.600 president an upper hand in the Putin Trump meeting or 0:22:39.640 --> 0:22:42.800 summit call, which one uh in hell stinky, I would 0:22:42.880 --> 0:22:45.600 quickly note. And Tom when we talked about this every 0:22:45.680 --> 0:22:47.879