Does the Quran (2:120) prohibit friendship with non Muslims?

Does Qur’an 2:120 tell Muslims that they cannot have non-Muslim friends? Some Muslims believe that Jews and Christians can never be trustworthy or true friends as they would never accept Islam as a genuine faith. Doesn’t this verse support this idea? Does Islam say all Jews and Christians should be viewed with suspicion? Is Islam so intolerant that it prohibits any form of association or alliance with Jews and Christians? Does the context of the verse shed any more light on its meaning? This video answers these questions by exploring how authoritative Qur’an commentators have explained the verse.