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didn't respond the way trump wanted into. some worries they can't drink away french dinners are anxious over donald trump's threats to slap levies on their wine. a historic free trade deal between the e.u. and the bloc may go up in flames as pressure mounts on brazil over the wildfires raging in the amazon. this is the business i'm joined now in berlin welcome now this may surprise you but china's earlier unveiling of a new round of retaliatory tariffs on about 75000000000 dollars worth of u.s. goods triggered an angry response from president donald trump he's an entire tariffs on chinese goods starting in september that's after an earlier tweet storm accusing china of costing the u.s. trillions of dollars he also said u.s. companies were quote here by order to immediately start looking for an alternative to china just as a reminder the latest round of tariffs from beijing was a response to washington's last move to tax an additional $300000000000.00 worth of goods taking effect on some. tambour 1st and december 15th which ha
didn't respond the way trump wanted into. some worries they can't drink away french dinners are anxious over donald trump's threats to slap levies on their wine. a historic free trade deal between the e.u. and the bloc may go up in flames as pressure mounts on brazil over the wildfires raging in the amazon. this is the business i'm joined now in berlin welcome now this may surprise you but china's earlier unveiling of a new round of retaliatory tariffs on about 75000000000 dollars worth of u.s....
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president or trump says talks with china are back on he believes beijing wants to make a deal. can you call that a big milestone the 1st east african nations to join the world's league of oil exporters and not just printing parts but creating business and jobs our tech outfits in south africa are harnessing the potential of the next industrial revolution. i did let's do business it's a roller coaster ride. first tit for tat tariffs then trump's threat to order american companies to leave china global equities dropping is monday beijing allowing the you want a 4 but then the us president in to add another trade war truce sending stocks bouncing back. to donald trump's hardline approach drive the chinese back to the negotiating table that's certainly how the u.s. president is framing it on sunday in berets trump said he was sticking to the tariffs even while the other leaders appealed to him and asked him to relent then on monday trump announced that china called with the offer of fresh talks. very good growth curve balls i mean they won't be able to get you it's very important.
president or trump says talks with china are back on he believes beijing wants to make a deal. can you call that a big milestone the 1st east african nations to join the world's league of oil exporters and not just printing parts but creating business and jobs our tech outfits in south africa are harnessing the potential of the next industrial revolution. i did let's do business it's a roller coaster ride. first tit for tat tariffs then trump's threat to order american companies to leave china...
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because of the sanctions made by president trump he ran in a commie. is having serious consequences and a serious slowdown and that situation very clearly is the aspect that we might see the positive side of things from one standpoint it's creating pressure and therefore the necessary conditions to improve the terms of an agreement on the other hand it's leading to reactions in around who are saying well we've signed this agreement but those who have signed on are not respecting its terms and so we're starting symbolically to enrich uranium and they risk that they're going to go further still and the that you see it so. given the 2 goals that we have it where are we going with this is that we need to be sure that iran will never get a nuclear weapon and that there will need you know flare ups in the region and so what we discussed very concretely was to see how we could improve very considerably and move on. really in fact build a new nuclear agreement with iran if you don't like president trump was very clear . that we would need a much longer time fr
because of the sanctions made by president trump he ran in a commie. is having serious consequences and a serious slowdown and that situation very clearly is the aspect that we might see the positive side of things from one standpoint it's creating pressure and therefore the necessary conditions to improve the terms of an agreement on the other hand it's leading to reactions in around who are saying well we've signed this agreement but those who have signed on are not respecting its terms and...
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as origination to trumps so far. and of course was as we know soybeans also hit especially hard among those of us that want to ask you about something else trump said during today's press conference take a listen we were really really really really really a 25 percent tariff for all mercedes-benz is b.m.w. who's coming into our nation so we appreciate that i'm only kidding. they they started to get a little bit worried. so they a joke about car tariffs there that maybe wasn't too amusing for european ears. no doubt old stevenson's. predictability it's a more than proven and the threat of implement in charge of so very european car makers is a still very alive i defy god to be of agreement was signed that does not mean both the parts and will i heave a limited trade agreement to reduce or eliminate the tar of some long industrial products that washington is pressuring currently the e.u. to include a agriculture a red line so far for brussels aside from the we are still waiting for the resolution from that world trade
as origination to trumps so far. and of course was as we know soybeans also hit especially hard among those of us that want to ask you about something else trump said during today's press conference take a listen we were really really really really really a 25 percent tariff for all mercedes-benz is b.m.w. who's coming into our nation so we appreciate that i'm only kidding. they they started to get a little bit worried. so they a joke about car tariffs there that maybe wasn't too amusing for...
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well space force is the future at least according to president trump he wants to create a totally new and potentially independent branch of the u.s. military military to oversee all military operation in space but to achieve this goal he needs congress he needs congregational approval congressional authority and congressional funding and that can take years and of course there are a lot of people critics questioning this adventure as they called it so therefore the trump administration has decided to move forward with establishing this space command it's and you need as you have mentioned operating on that the umbrella of the u.s. for an. 87 people and it will draw all forces from all services in the u.s. military. how we supposed to imagine what space command is is preparing for all xander are we talking about space ships in. the battle with each other i mean what is the white house in vision. well at the moment we are talking about satellites the u.s. nation's reliance on. difficult to protect satellites that provide. intelligence and sniff again that provide communications and thei
well space force is the future at least according to president trump he wants to create a totally new and potentially independent branch of the u.s. military military to oversee all military operation in space but to achieve this goal he needs congress he needs congregational approval congressional authority and congressional funding and that can take years and of course there are a lot of people critics questioning this adventure as they called it so therefore the trump administration has...
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president trump also criticized china for not honoring promises to buy more u.s. agricultural products china however insists millions of tons of american soybeans have been shipped to china in the last 2 weeks and many companies have made all kinds of american cotton and pocket the trade war between the world's 2 largest economies has strict on for more than a year and the house now talks and china earlier this week ended without any progress the white house said the negotiations would continue next month in washington but that was before the latest round of tariffs was announced. and let's talk now to our financial correspondent in new york jose luis de haro jose markets are always sensitive to any announcements on the trade talks between the 2 sides how are they reacting so far. well steve an idea announcement of the new target speed seemed to d.m. certainty of when eve to walk we did us in china will be resolved and precisely target senate there. i want of the main factors that are taking the toll on global growth that so far the u.s. consumers seems to be harm
president trump also criticized china for not honoring promises to buy more u.s. agricultural products china however insists millions of tons of american soybeans have been shipped to china in the last 2 weeks and many companies have made all kinds of american cotton and pocket the trade war between the world's 2 largest economies has strict on for more than a year and the house now talks and china earlier this week ended without any progress the white house said the negotiations would continue...
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president donald trump has signed an agreement with the e.u. to increase american beef exports into the bloc it's a rare bit of positive trade news from a president who hopes to extract even wider concessions from europeans later this year and it comes one day after the president announced new tariffs on china a move expected to hit american consumers hard and prolong the trade dispute that has been especially painful for american farmers. after german cars and french wine u.s. president donald trump's most recent beef with the european union was with well beef the u.s. had long found it hard to export its meat across the atlantic after long negotiations trump's announcement on friday sounded like a triumph to the farmers and ranchers listening in the white house. opening markets for our farmers is about more than just an industry it's about a way of life generations of hard work passion and dedication of gone into making america the largest producer of high quality beef anywhere in the world by far we're proud of our farmers and ranchers we lo
president donald trump has signed an agreement with the e.u. to increase american beef exports into the bloc it's a rare bit of positive trade news from a president who hopes to extract even wider concessions from europeans later this year and it comes one day after the president announced new tariffs on china a move expected to hit american consumers hard and prolong the trade dispute that has been especially painful for american farmers. after german cars and french wine u.s. president donald...
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and frisk program roland welcome to the program and to donald trump's tariffs on e.u. cars might not become a thing after all at the g. 7 meeting in france the u.s. president said he thinks the u.s. will be able to reach a fair trade agreement with the european union without slapping import levies on automobiles offering a potential lifeline to german farmers and his trade dispute with china he hinted another term markets were happy to buy it. did donald trump's hard line approach drive the chinese back to the negotiating table that's certainly how the u.s. president is framing it on sunday in berets trump said he was sticking to the tariffs even while the other leaders appealed to him and asked him to relent then on monday trump announced that china called move the offer of fresh talks. very good. because i mean this they would be able to give you a very important. thing for you to look at your story. is why the person. is going to be great for. the chinese government doesn't seem to share his enthusiasm paging did not immediately confirm that talks are to take place
and frisk program roland welcome to the program and to donald trump's tariffs on e.u. cars might not become a thing after all at the g. 7 meeting in france the u.s. president said he thinks the u.s. will be able to reach a fair trade agreement with the european union without slapping import levies on automobiles offering a potential lifeline to german farmers and his trade dispute with china he hinted another term markets were happy to buy it. did donald trump's hard line approach drive the...
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under donald trump is no longer possible. there should be a war we want war then at least we'll know where we stand for better or worse. more than a year since the us pulled out of the nuclear deal such sentiments have become more commonplace i set off to discover what people think in other parts of the city. i'm not surprised to hear words like these down here in the south of tehran where views have always been watch additional and more conservative but is the mood all over the capital shifting to find out let me take you to the north of tehran clocks tick differently. i stopped to visit a man with been following the situation in iran very closely. i want to know what effect all of this has on the political mood in the country there was. actually was elected on.
under donald trump is no longer possible. there should be a war we want war then at least we'll know where we stand for better or worse. more than a year since the us pulled out of the nuclear deal such sentiments have become more commonplace i set off to discover what people think in other parts of the city. i'm not surprised to hear words like these down here in the south of tehran where views have always been watch additional and more conservative but is the mood all over the capital...
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president donald trump is ratcheting up the trade war with china and not just enough his latest move was announced in a tweet. he said on september the 1st the u.s. will put an additional tariff of 10 percent on the remaining $300000000000.00 of goods and products coming from china the u.s. has already impose tariffs on 250 $1000000000.00 in chinese imports from next month the total will be $550000000000.00 worth of imports so far china has retaliated with duties on $110000000000.00 worth of american goods beijing has also dismissed president trump's criticism that it broke a promise to buy more u.s. agricultural products however the president accusations keep coming we're stopping the theft of american jobs we're stopping there 1st of so many other things happening it looting intellectual property. they steal our intellectual property. chinese foreign minister wanganui said the new tariffs were unconstructive fans no way to go about solving a trade dispute that's dragged on for more than a year and a half now talks in shanghai earlier this week ended without progress further negotia
president donald trump is ratcheting up the trade war with china and not just enough his latest move was announced in a tweet. he said on september the 1st the u.s. will put an additional tariff of 10 percent on the remaining $300000000000.00 of goods and products coming from china the u.s. has already impose tariffs on 250 $1000000000.00 in chinese imports from next month the total will be $550000000000.00 worth of imports so far china has retaliated with duties on $110000000000.00 worth of...
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that have been manufactured in the united states one analyst today perked up and said that it gives trump a legitimate reason this i.q. zation to escalate the trade war into a new level currency manipulation is a very serious accusation but of course it also means that the chinese are reacting now they have slightly set the pace for that slightly higher seemingly you know offering a little olive branch to donald trump on this question you just talk about the legitimacy of labeling china a currency manipulator donald trump is very quick with this allegation normally his label the e.u. a currency manipulator before does he have a point here. well in terms of china he has a point because in opposition to central banks like in england in the united states or in the eurozone the chinese do set a mark a level for the yuan which it has to which it can fluctuate around and they've take that slightly higher now making a little bit of an advance towards donald trump but yes they do set that tone and economists i talked to those said that the yuan at the moment is neither undervalued nor overvalued
that have been manufactured in the united states one analyst today perked up and said that it gives trump a legitimate reason this i.q. zation to escalate the trade war into a new level currency manipulation is a very serious accusation but of course it also means that the chinese are reacting now they have slightly set the pace for that slightly higher seemingly you know offering a little olive branch to donald trump on this question you just talk about the legitimacy of labeling china a...
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president donald trump. card to there with us on wall street thank you very much and returning to the topic of tariffs at this time from the u.s. on french wine wine is francis 2nd biggest export the u.s. is by far its biggest market and last year it important $3600000000.00 worth of the stuff washington has threatened to slough flop huge levies on it a move which would play serious pressure on vintner's across fronts. at the end of the summer trimming the vines of their excess leaves is one of the last tasks winemakers face. after that it's wait for the harvest this year vindu pierre thomas thinks his bordeaux could turn out fairly well. so far the year is gone smoothly and he could only august the wine harvest is in early october so we have a bit of time before we know for sure. 11 you know so i might. less predictable is what will happen to sales especially to the united states after president trump said he would slap a huge import tax on french wines a threat pierre's brother in law is taking seriously t
president donald trump. card to there with us on wall street thank you very much and returning to the topic of tariffs at this time from the u.s. on french wine wine is francis 2nd biggest export the u.s. is by far its biggest market and last year it important $3600000000.00 worth of the stuff washington has threatened to slough flop huge levies on it a move which would play serious pressure on vintner's across fronts. at the end of the summer trimming the vines of their excess leaves is one of...
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president donald trump is delaying some tariffs on chinese goods until december 15th moves a move he said is meant to help american consumers the products include mobile devices laptops video games toys and textiles trump made the announcement shortly after trade representatives representatives from the 2 countries spoke on the phone shares of tech companies and retailers jumped on news however the 10 percent tariff will go ahead as planned for many other items on september 1st. and let's check in with our financial correspondent in new york jose luis a haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. sadly nod stephen but at this point any move that does not imply increasing tensions between the u.s. and china is enough to cure investors markets a delay as a blink from bad to trump administration trying to deescalate somehow the current situation which has a spill into all the areas such as currencies than and the nation by the us treasury of china as a currenc
president donald trump is delaying some tariffs on chinese goods until december 15th moves a move he said is meant to help american consumers the products include mobile devices laptops video games toys and textiles trump made the announcement shortly after trade representatives representatives from the 2 countries spoke on the phone shares of tech companies and retailers jumped on news however the 10 percent tariff will go ahead as planned for many other items on september 1st. and let's check...
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president donald trump's harsher messaging towards the company leaving many unsure of what to expect when the current reprieve and in november. when the u.s. spawn wow it was announced 3 months ago it was a big deal for the likes of google as it meant it wouldn't be able to sell updates of its droid software to while away phones many other u.s. companies such as the chip makers qualcomm and broadcom would also be affected. but over the weekend speculation grew that the u.s. would postpone the ban on monday u.s. commerce secretary wilbur ross confirmed news of the 90 day reprieve saying it was to help u.s. companies prepare farther for a time when there would not need while with some of the rural companies or dependent on more ways to agree moomaw time to wean themselves off but there are no specific close friends who is being groomed to truly think the huawei issue has added to the complexity of the ongoing us china trade conflict president trump has consistently called the company a security threat and he has tried to use the issue as leverage in the trade negotiations over the week
president donald trump's harsher messaging towards the company leaving many unsure of what to expect when the current reprieve and in november. when the u.s. spawn wow it was announced 3 months ago it was a big deal for the likes of google as it meant it wouldn't be able to sell updates of its droid software to while away phones many other u.s. companies such as the chip makers qualcomm and broadcom would also be affected. but over the weekend speculation grew that the u.s. would postpone the...
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under donald trump it's no longer possible. there should be a war we want war then at least we'll know where we stand for better or worse. more than a year since the u.s. pulled out of the nuclear deal such sentiments have become more commonplace. i set off to discover what people think in other parts of the city. i'm not surprised to hear words like these down here in the south of tehran where views have always been more traditional and more conservative but is the mood all over the capital shifting to find out let me take you to the north of cheraw clocks tick differently. i stopped to visit a man with been following the situation in iran very closely. i want to know what effect all of this has on the political mood in the country there were on the administration i actually was elected on an agenda of dialogue and engagement with the world to settle differences on the nuclear issue and other issues but now that you know the nuclear file and the j.c. is not there because of in terms of u.s. withdrawal and other parties iran co
under donald trump it's no longer possible. there should be a war we want war then at least we'll know where we stand for better or worse. more than a year since the u.s. pulled out of the nuclear deal such sentiments have become more commonplace. i set off to discover what people think in other parts of the city. i'm not surprised to hear words like these down here in the south of tehran where views have always been more traditional and more conservative but is the mood all over the capital...
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president donald trump's next trip to europe senior u.s. officials have renewed threats to pull american troops out of germany unless by having boost its defense spending in june president trump suggested moving more than 30000 soldiers from germany to poland but couldn't really be that easy for the u.s. military to leave after decades here w report of happy and fun to mark has been to run start the biggest u.s. base in the country where locals want them to stay. a key american outpost in southwestern germany. ramstein airbase the biggest u.s. air force base abroad. just what takes place there is kept secret even 70 years after the base was founded. it is impossible to get any closer to the air base the entering the compound is a high security zone and we certainly weren't allowed to enter the base itself with a camera team instead the years military gave us some of their own video footage from inside. the u.s. military shows how munitions and weapons are stored supplies for fighters in syria mali or afghanistan. paratroopers practice jumpi
president donald trump's next trip to europe senior u.s. officials have renewed threats to pull american troops out of germany unless by having boost its defense spending in june president trump suggested moving more than 30000 soldiers from germany to poland but couldn't really be that easy for the u.s. military to leave after decades here w report of happy and fun to mark has been to run start the biggest u.s. base in the country where locals want them to stay. a key american outpost in...
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president donald trump rob is on a 3 day visit to north america. campaigners say leaving the european union will allow britain to sign its own by lateral trade deals with other countries the e.u. is the u.k.'s biggest trading partner. courier service fed ex is ending its deal for ground deliveries with e-commerce giant amazon fed ex is allowing its contract with the online retailer to expire at the end of the month amazon is building its own cargo hub in kentucky analysts say the tech giant could be planning to build its own delivery service making it a potential competitor to fed ex fed ex says amazon only accounted for a little over one percent of its revenue. venezuela has accused the u.s. of economic terrorism of trying to torpedo peace talks after the trump administration ordered a freeze on the country's u.s. based assets under the sweeping measures any foreign entity doing business with the government of venezuela could face u.s. sanctions. in caracas the chemo to fighting against the toughest sanctions on least in more than 3 decades the dy
president donald trump rob is on a 3 day visit to north america. campaigners say leaving the european union will allow britain to sign its own by lateral trade deals with other countries the e.u. is the u.k.'s biggest trading partner. courier service fed ex is ending its deal for ground deliveries with e-commerce giant amazon fed ex is allowing its contract with the online retailer to expire at the end of the month amazon is building its own cargo hub in kentucky analysts say the tech giant...
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did donald trump's hardline approach drive the chinese back to the negotiating table that's certainly how the u.s. president is framing it on sunday in berets trump said he was sticking to the tariffs even while the other leaders appealed to him and asked him to relent then on monday trump announced that china called with the offer of fresh talks. because i mean there won't be able to give you a very important. what it was 3. things about and it's why a person. it's going to be great for. the chinese government doesn't seem to share his enthusiasm paging did not immediately confirm that talks are to take place all that emerged was a terse statement will go on you know economic and trade disputes between china and the u.s. should be resolved by a dialogue but the u.s. adding further tariffs on china seriously goes against the consensus reached by the 2 countries leaders at the also g 20 summit and harms the interests of both sites and tramples on the rules of multilevel trade and threatens the security of global supply chains. that doesn't sound like willingness to negotiate and it sou
did donald trump's hardline approach drive the chinese back to the negotiating table that's certainly how the u.s. president is framing it on sunday in berets trump said he was sticking to the tariffs even while the other leaders appealed to him and asked him to relent then on monday trump announced that china called with the offer of fresh talks. because i mean there won't be able to give you a very important. what it was 3. things about and it's why a person. it's going to be great for. the...
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president donald trump announced last week for china's central bank blamed the u. one slump on unilateralism and trade protectionism. huge of the complicated international situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and risk prevention the hotter team. phone china has denied it is devaluing its currency in retaliation its official response to the latest u.s. terror threat came from the calmest ministry which said china would stop buying u.s. agriculture products leave. a fellow if the joins us now from wall street louise analysts are describing these developments as perhaps the most aggressive phase yet in the trade war between the u.s. and china what's the fundamental long investors are there on wall street. investors are nervous you know since i d's episode has a lot of similarities with the one that we leave in august 2015 by dan after a good 1st half of the european allies not picking up late cycle signs with central banks said too easy to boost growth and more importantly chinese a sl
president donald trump announced last week for china's central bank blamed the u. one slump on unilateralism and trade protectionism. huge of the complicated international situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and risk prevention the hotter team. phone china has denied it is devaluing its currency in retaliation its official response to the latest u.s. terror threat came from the calmest ministry which said china...
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president trump has banned american cruise ships from cuba and type interests and u.s. citizens to travel there a short boom to the island nation is over tourist arrivals are down 23 percent for the month of july following a 20 percent drop for the month of june trumps fight against the government have on the past people suffering. by it all now are we're talking about a stratospheric drop the united states government is intentionally seeking to do harm to the cuban government but what they are actually doing is harming us the workers those of us who work for ourselves but have an agreement with a government that has been a catastrophe since june. among the 1st victims of the trend restaurants where the number of guests has plunged. to the sad i'm off a cruise ships really had an impact during the low season because when we were in arlo's these and there were cruises you didn't really feel it because the americans really kept tourism afloat tourists from america will good tourists but well now they are not here and we still have to be working. for trump his actions agai
president trump has banned american cruise ships from cuba and type interests and u.s. citizens to travel there a short boom to the island nation is over tourist arrivals are down 23 percent for the month of july following a 20 percent drop for the month of june trumps fight against the government have on the past people suffering. by it all now are we're talking about a stratospheric drop the united states government is intentionally seeking to do harm to the cuban government but what they are...
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president trump that he's reviving the domestic steel industry. and let's go to our financial correspondent in new york he ends korda so again some dark clouds over the steel industry what's really behind this. now well i mean when the current administration started to impose tariffs on steel and dollar minium in march of $28000.00 we saw a little bit of a production increase here in the united states but at the same time we saw prices for steel starting to decline and pays basically also between of the trade disputes between china and the united states let china to buy less steel and china pretty much is the biggest buyer of steel so steel prices started to stumble at the same is true for stock prices if you take the stock price of unite of u.s. steel that's basically in a freefall since march of $80.00 and the stock is down by a good 70 percent so just last week u.s. president donald trump claimed in the steel industry of pennsylvania that he actually. turned a dense business into a thriving and to apprise well those numbers actually tell a diff
president trump that he's reviving the domestic steel industry. and let's go to our financial correspondent in new york he ends korda so again some dark clouds over the steel industry what's really behind this. now well i mean when the current administration started to impose tariffs on steel and dollar minium in march of $28000.00 we saw a little bit of a production increase here in the united states but at the same time we saw prices for steel starting to decline and pays basically also...
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the world's 2 biggest economies the decision rattled investors on international stock markets donald trump's decision follows the sharp weakening of china's you one currency which breached the closely watched barrier of 7 against the dollar busy the u.s. treasury said it's labels china a currency manipulator because it has devalued its currency to quote gain an unfair competitive advantage in the worst sell off of the year the dow jones lost close to 3 percent on monday shanghai composite shares 2.4 percent asian markets later ted those losses. let's go straight to our financial markets correspondent who is in frankfurt only it seems like the trade war has and hit a new round and new arena tell us what does it mean when the u.s. calls a country a currency manipulator. well when you manipulate your currency you're doing that in order to get an advantage in trade and donald trump is saying manipulating the currency by the chinese is helping them to gain an unfair advantage in trade making their products cheaper that's more attractive for the americans to buy over for example products that have
the world's 2 biggest economies the decision rattled investors on international stock markets donald trump's decision follows the sharp weakening of china's you one currency which breached the closely watched barrier of 7 against the dollar busy the u.s. treasury said it's labels china a currency manipulator because it has devalued its currency to quote gain an unfair competitive advantage in the worst sell off of the year the dow jones lost close to 3 percent on monday shanghai composite...
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president donald trump announced an additional 10 percent tariffs on $300000000000.00 worth of chinese imports last week. china's central bank in beijing blamed unilateralism and trade protectionism and called for improved financial stability. due to the complicated international situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and risk prevention the heart of what you would have on. the news turned asia's benchmark stock indices into a picture of misery hong kong's hang seng index closed nearly 3 percent lower a 7 month trough in tokyo the nikkei $2.00 to $5.00 ended 1.75 percent lower the mainland's big board the shanghai composite closed down 1.25 percent. looking ahead the current weakness of the yuan is going to make things difficult in trade talks the u.s. wants china to buy more american goods to narrow the trade deficit a correspondent andrea hang it all the ballots join us from the financial hubs of singapore in frankfurt andrea the fallout looks biggest in asia what's the damage. well the chinese currency
president donald trump announced an additional 10 percent tariffs on $300000000000.00 worth of chinese imports last week. china's central bank in beijing blamed unilateralism and trade protectionism and called for improved financial stability. due to the complicated international situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and risk prevention the heart of what you would have on. the news turned asia's benchmark stock...
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donald trump accused of unfair treatment toward the u.s. saying washington doesn't have to abide by its rulings the kremlin now said in a reaction if the u.s. pulls out what's the point of the w g o can it be rescued yes of course it can be rescued i mean the w t o essentially rests on 2 pillows one of them is negotiations among the 164 member states in the of a pillar is dispute settlement and now we're talking about a block of the dispute settlement body the 2nd stage of the body so the most important one it is a crucial one it's been crucial since the founding of the w t u n 995 but there are plenty of suggestions on how to rescue the body i mean the you itself is promoting reform proposals that it has come up with and already last december and there are other countries also japan and other asian nations that are trying to come up with reforms because it's but at this point the u.s. is simply denying that there's any way out of this crisis what. if what if it happens if the u.s. really says we're pulling out of the w t o i mean anything
donald trump accused of unfair treatment toward the u.s. saying washington doesn't have to abide by its rulings the kremlin now said in a reaction if the u.s. pulls out what's the point of the w g o can it be rescued yes of course it can be rescued i mean the w t o essentially rests on 2 pillows one of them is negotiations among the 164 member states in the of a pillar is dispute settlement and now we're talking about a block of the dispute settlement body the 2nd stage of the body so the most...
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during trump's 1st years in office trump has made it a central policy of his presidency to shake up global trade halting talks on a transatlantic trade deal and launching a trade war with china while on thursday he threatened to impose a new 10 percent tariff on $300000000000.00 worth of chinese imports and global markets took a dip in response from defenses that combative a trade tactics as part of his america 1st policy. and now we've got team coverage for you in washington helena humphrey is tracking that perspective and with me here in the studio is stephen beardsley from a business desk when i give you the 1st word stephen all right so when the president announced that he was going to make a statement on the u.s. e.u. trade it's safe to say that a lot of people here were really were baited breath do you think they're relieved when no one ever knows what to expect when he announces there's going to say something on trade i think they were relieved in one sense this is a nice small gesture that the e.u. could do for the u.s. at a time where there's so much trade tensions the terrorists
during trump's 1st years in office trump has made it a central policy of his presidency to shake up global trade halting talks on a transatlantic trade deal and launching a trade war with china while on thursday he threatened to impose a new 10 percent tariff on $300000000000.00 worth of chinese imports and global markets took a dip in response from defenses that combative a trade tactics as part of his america 1st policy. and now we've got team coverage for you in washington helena humphrey is...
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that's what i'm what you guys i think this action from trump is an irresponsible acts towards his own country and to china because you know what we need is to pursue a path of a more corporate of globalization this kind of action of his serves only to rip up u.s. china relations at the same time it causes further trade friction between both sides what the result is the economies of both sides suffer you want to assure you go all the answers from all those shows. which i think when it comes to negotiations you do indeed need to talk it's not a case of when you finish the talks you go and use other means to get what you want if everyone ignores normal procedures then what's the point of talking. about outsourcing the. president of the german institute of global an area studies joins us a greater knowledge. the timing of all of this is extremely interesting is trump using this to influence domestic policy in other words rate cuts. that's an interesting question i would say that's probably not as game plan the game plan really is a bring about a structural change in the chinese economy to
that's what i'm what you guys i think this action from trump is an irresponsible acts towards his own country and to china because you know what we need is to pursue a path of a more corporate of globalization this kind of action of his serves only to rip up u.s. china relations at the same time it causes further trade friction between both sides what the result is the economies of both sides suffer you want to assure you go all the answers from all those shows. which i think when it comes to...
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china trade war trump took to twitter to impose a fresh 10 percent tariff on $300000000000.00 worth of chinese goods this week's trade talks made no progress the decision came as a surprise and costs turbulence on the financial markets the u.s. has already imposed tariffs on $250000000000.00 in chinese imports this means practically every single product imported from china will be charged with a duty now china's foreign minister wang me criticized us rules saying you terrorists are not constructive residents in beijing are taking the latest development in stride. this continent where you china will be affected but the impact won't be great up most of the affected businesses are in the export sector i don't have much to do with that are. the property there so i think this action from trump is an irresponsible acts towards his own country and to china because you know what we need is to pursue a path of a more cooperative globalization this kind of action of his serves only to rip up u.s. china relations at the same time it causes further trade friction between both sides the result is t
china trade war trump took to twitter to impose a fresh 10 percent tariff on $300000000000.00 worth of chinese goods this week's trade talks made no progress the decision came as a surprise and costs turbulence on the financial markets the u.s. has already imposed tariffs on $250000000000.00 in chinese imports this means practically every single product imported from china will be charged with a duty now china's foreign minister wang me criticized us rules saying you terrorists are not...
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donald trump's provocative rhetoric chimes with that mood. as does the brig's a debate in britain. was. the target and that anger has federalizing support for populist parties often on the far right. there. in berlin the alternative for germany is now the main opposition party in parliament. life side. while in its early material salvini head of the n.j. immigration league party could soon be crowned the new prime minister. the main drive behind many of their voters economic dissatisfaction. so while the g 7 leaders will be discussing how to fight global inequality there remains a note of what for them to do on their writing. let's talk about some of that work now with claudia smoko she's the head of the globalization and world economy program of the german council on foreign relations thanks very much for coming in this morning let's start out with the amazon the host of the summit the g. 7 summit wants to bring it to the top of the agenda manual mccraw is that going to happen the g 7 is a very informal format which means you don't have a strict agenda what you need to talk about
donald trump's provocative rhetoric chimes with that mood. as does the brig's a debate in britain. was. the target and that anger has federalizing support for populist parties often on the far right. there. in berlin the alternative for germany is now the main opposition party in parliament. life side. while in its early material salvini head of the n.j. immigration league party could soon be crowned the new prime minister. the main drive behind many of their voters economic dissatisfaction. so...
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president donald trump has again and again criticized his fed chairman general powell even after he and the federal reserve cut interest rates last week for the 1st time since the financial crisis that still was not good enough for u.s. president on from the fed chairs from the past weighing in on the present and carter there and wall street for us thank you. monetary policy of course is just one front in the fight between the 2 countries that chinese companies are no longer buying agricultural products from the united states after a recent promise to buy more is quote a body blow that's according to an american farming organization. it's already been a difficult year for american farmers exporting to china fruit nuts and dairy have all been hit with counterterrorism from beijing some of them multiple times take port it was hit twice last year with 25 percent tariffs its effective tax now in china 62 percent and while that's taken a bite out of pork producers income it's been less than one might expect in the period between may and april the value of pork exports fell only 22 percent be
president donald trump has again and again criticized his fed chairman general powell even after he and the federal reserve cut interest rates last week for the 1st time since the financial crisis that still was not good enough for u.s. president on from the fed chairs from the past weighing in on the present and carter there and wall street for us thank you. monetary policy of course is just one front in the fight between the 2 countries that chinese companies are no longer buying agricultural...
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president donald trump. this deal declares guatemala a safe 3rd country which must take back all migrants who've passed through the country on their way to the u.s. the new president would like to avoid disagreement you see the boys. this agreement is not good for us how are we supposed to take in foreigners when we don't have the capacity to take care of our own people. i think the u.s. will have to modify the my good deal if they had that committed to it. 100 jemma to his victory is widely celebrated here in guatemala he'll be put to a serious test when he's sworn in next january. and more on the importance of this election now for martin there i skate he is a journalist who covers central america good to have you here in person the eternal candidate has finally won is he a game changer what does his election mean for guatemala and the region all of basically used. for conservative politician he's part of the traditional political class so i don't think he's going to be a game changer at all i think the fi
president donald trump. this deal declares guatemala a safe 3rd country which must take back all migrants who've passed through the country on their way to the u.s. the new president would like to avoid disagreement you see the boys. this agreement is not good for us how are we supposed to take in foreigners when we don't have the capacity to take care of our own people. i think the u.s. will have to modify the my good deal if they had that committed to it. 100 jemma to his victory is widely...