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00:00And exactly. And I also think for Donald Trump, this is good because it's the first big tariff deal since Liberation Day happened, Jono, in many respects.
00:09He is packaging this as the proof that he can strike a deal. And this is the first of many that we're likely to see as well.
00:15Of course, we know that he's likely to go forward and meet in Shanghai towards the end of this week.
00:19But there's more agreements. This will now put huge pressure on the EU.
00:23It'll put pressure on China and others to try and strike a deal.
00:26And it's likely that more bilateral deals will stem from this as well.
00:31Obviously, we've now seen the UK. They've also reduced their tariffs in return for this 5.1 percent down to 1.8 percent on U.S. products, which is also a huge reduction as well.
00:40And 27.5 percent down to 10 percent is a big win for Keir Starmer.
00:45And currently in his somewhat turmoil since he's taken office, he needs the win on this.
00:51So I think he'll be touting this as a huge win for the UK and for his party in general, which I think is one that he definitely needed.