This is CBS Eye on the World.

Here's John Batchelor.

My colleague and friend Gordon Chang at Gordon G. Chang,

we're immediately off to our very good colleague, Fraser Howey,

the co-author of Red Capitalism, Once Upon a Time.

Now we come to headlines.

China retaliates with new 50% tariff on U.S. imports.

This is a Financial Times.

That's the big, fancy newspaper out of London.

Fraser is in the highlands.

We say healings, if you're there. And the weather is

spectacular. How spectacular, Fraser, before we go to the bad news. Good day to you, Fraser.

Good day to you, John and Gordon as well. The weather has been lovely, actually. I live in

near the Cromerdy Firth, which is a bit of a microclimate. And for about the past two weeks, we've had blue skies and sunny weather.

It's very much the start of spring.

It's surprisingly sunny and bright for this time of year.

And it's frankly lovely, and it seems very, very isolated and insulated, more importantly,

from the headlines that I read on the papers

and on the Internet.

Yes, the headlines are spectacular.

First, your overall opinion of what we're going through with this trade war.

Well, I'm sure you've heard the word before, but clearly it's unprecedented.

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