more about world reaction thanks very much bill well we are seeing all kinds of reactions and of course we know that this can escalate pretty quickly that is the big danger now let's remind our viewers phil that the european union with its twenty eight members is america's biggest trading partners so it is big when we hear the words of john f. the president of the european commission this friday announcing that the e.u. won't sit idly by let's listen again to what he said. most jobs in europe will be lost due to the american measures you cannot simply look on without doing anything we need to take measures from our side this is all highly regrettable we never set out to start trade wars. homes we do ok it's a big topic and to help us understand it better i'm now joined by hogwash meeting chief economist at being back thank you very much for joining us and for trying to explain the effects of all this you know we know the terrorists are new we don't know much about them yet but what's your first impression what do you make of them