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tv   Over the Wheel  Al Jazeera  June 2, 2019 12:32pm-1:01pm +03

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i don't see myself eligible to talk assertive in foreign politics but what i understand so far s. 400 missiles do not comply with the pact turkey is in as 100 software detects nato defense systems as hostile or enemy so now they are discussing ways to adjust this is a diplomatic and military topic but when our government says it is a done deal the turkish lira loses value when they say there may be another solution the lira gains back value to this topic oppresses the lira like when turkey arrested american pastor andrew bronson. if they want to do a favor to the turkish businessmen and industry they need to sort this problem out one way or another so the business men are able to see ahead and take risks link you gave them the way of our economy. if so what can do that to turkey russia relations. understand the situation i believe the government is caught in the middle of 2 powers they're not as comfortable as they are seen from outside the.
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that's why even if russia gets its money in the event that turkey doesn't install the s for hundreds to the bitter end russians would use the leverage it has that fits in the national interests turkey market harmed them so last former governor of turkey's central bank thank you very much for your time this is my vision i think you. have a trade spread between the united states and china has been rumbling on for almost a year now the us hike existing tariffs on $200000000000.00 of chinese goods to 25 percent in may china has retaliated as talks to end the trade war of stuart but economists have been running the numbers to see what this all means according to bloomberg if the united states slaps tariffs on china's remaining $300000000000.00 in exports it could cost the global economy 600000000000 a year by 2021 the new york federal reserve bank estimates the newark. round of
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tariffs could cost american households $831.00 a year added s. and nike were among $173.00 u.s. footwear makers who warned consumers would pick up the cost of tariffs which could be $7000000000.00 annually the investment bank no more expects inflation in the u.s. to rise by 0.5 percentage points over the next 12 months apple c.e.o. tim cook recently estimated that if i phones were made in the u.s. from start to finish they would cost consumers up to $100000.00 that's partly due to higher labor costs but also a shortage of manufacturing expertise and infrastructure while reynolds went to find out more through really have right now of the number one and 2 and 3 or 4 up to 9 birth early to leave isaac lair in those toys he's the c.e.o. of m.g.a. entertainment one of the most successful toy makers in the u.s.
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which of these toys here on the wall are made in the united states none of them were made and you know none of them none 0 if you make the beef stew or 3rd for 14 you know it's called a lower growth. the number $102.00 in america if you made the film the us because you would pay $40.00 for it they will buy it for $40.00 for the kids would not have beef toys you can possible to make a log of toads and be you would think as the u.s. china trade war heats up president donald trump gives companies some simple advice last september he tweeted make your products in the united states instead of china start building new plants now exciting but trade experts say trying to replace china's factories isn't an exciting idea it's a bad one we have so many strengths that we should be working with
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rather than trying to duplicate the industries of the past today's us economy is based on providing services and ideas not heavy industry and china's advantage isn't just in lower labor costs from toys to television sets to technology the u.s. simply lacks the manufacturing infrastructure and expertise to produce many of the items which are now made in china c.e.o. isaac larry and gives one example i've been doing 2 through 40 years hair grooming and the tool. and hair routine even the kid cannot have been here if the shortage of expertise do you want to wait for 30 years 40 years for america to become the big dog manufacturing you would say in the ward in philly. it's silly but there are hundreds of highly paid workers at larry and company headquarters the design
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decree p.v.t. is coming on give their grain and they are paid a lot more for that the moral of the story of toys tariffs and trade is that the u.s. economy runs uncreative brainpower not industrial brawn rob reynolds al-jazeera chatsworth california a chinese tech giant huawei has stepped up its legal fight against u.s. sanctions the companies filed a motion in court to have bans on its business is deemed unconstitutional adrian brown has this report. few companies could withstand the assault but while ways now and part of its response has been to open its doors to the international media rare in corporate china but these are unusual and uncertain times but the country's biggest technology company now effectively locked out of the u.s. market we believe this sets
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a dangerous precedent that they it's can it come and our way tomorrow it could be your industry your company your concealments on wednesday the company announced its pressing ahead with legal moves to try to scrap a recently passed law that prevents u.s. federal employees from using waterway technology the trumpet ministration says it could be used for spying because of accusations the firms in the pocket of china's government the u.s. government has provided no evidence to assure that highway is a currency threat there's no gun no smoke. only speculation u.s. politicians he said were using the entire strength of the u.s. against one company while we had anticipated being placed on the u.s.
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trade blacklist which effectively prevents said buying components on which its technology is dependent it has been stockpiling parts but those parts will soon run out and what's not clear is what happens if the ban remains permanent. when president xi jinping talks about defending china's core interests he means companies like while away whose headquarters he visited 4 years ago another important core interest what's called rare earths special metals used in everything from magnets to missile systems a week ago president xi highlighted their importance when he toured the part of the country with the industry is based yeah a prelude perhaps to a warning that appeared on the front page of a popular newspaper on wednesday quoting an unnamed government official who suggests china might use its rare earths as leverage in the trade dispute with the united states china's currently the world's largest rare earth exporter this and
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the battle over while way further signs of the collapse in trust between the world's 2 largest economies adrian brown al jazeera actions in. mozambique is hoping to secure billions of dollars for reconstruction after the devastation of cycling's it die in kenneth cycling in die alone left more than $600.00 people dead and about $1800000.00 people in need according to the united nations mozambique needs $3200000000.00 for post cycle reconstruction the international monetary fund says growth could slow it to a least 1.8 percent from losses to agriculture transport and communications food shortages in barrow one of the hardest hit cities and surrounding areas could push prices up. mozambique's port of barrier is an important hub for the country as well as for neighboring malawi and zimbabwe but it's not running right now and according to the finance rinna street most homes hospitals and schools and suffered large
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scale to struction a debt crisis has complicated mozambique's finances in 2016 it admitted to $1400000000.00 in undisclosed funding that prompted the i.m.f. to cut off support triggering a currency collapse and debt default it has little hope of repaying the debt in 2017 the debt to g.d.p. ratio was 112 percent by 2022 the i.m.f. for costs that it could climb to over 130 percent but the country is resource rich become the next liquefied natural gas powerhouse by 2025 mozambique is on track to invest $128000000000.00 but it will still be many years before it gets over its debt crisis and begins to reap the benefits of the gas. joining me now from london is aneesh capacity a managing director of a cap energy thanks very much for being with us so in asia let's start with the
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debt crisis there are a number of pending cases plea bargains and so on and i guess what people in mozambique really want to know is are they going to see any of this money or the e.u. going to split it into a couple of different different branches you've got some of that that with that was clearly fortunately issued and then you've got the more conventional your obama's that were issued as well i think in terms of that fortunately issue there there there is a good chance that mozambique may be able to get that written off given the issues with. the behind that there in terms of the euro bond issue i think it makes sense for the mozambique government to come to some kind of an agreement with the the the debt holders to move forward because i think the the main thing is is that mozambique needs to be in a position where it can raise further debt going forward to really benefit from the
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huge potential of the l n g projects in the country and the former finance minister was arrested in south africa looks at this point like he'll be extradited to mozambique but the u.s. has also asked for him to be extradited because they want to see him in a american courtroom what do you how do you spect that to play out. think it's it's an interesting situation you know clearly there's different number of different actors that been a fall in this situation and i think finally some of them are being brought in for questioning and hopefully they'll be some justice out for for the mozambique people give given the the scale and the size of the of the fraud over here there's going to be a number of different. different parties involved and i think it's just going to be a matter of time in terms of who gets called for this.
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and what was actually happens to them and the more importantly is for mozambique and the people is. being able to move forward being able to get some of that cash back and focus on the huge growth outlook for the country and as far as their ambitions for liquid natural gas to get to get to that point. where they would be in a will to enjoy the win for that they would need to denmark it's to raise money and with their debt likely to hit 130 percent of g.d.p. who's going to be willing to loan the money so i think there's 2 different levels where you're going to see that that coming in you've got debt that's going to be coming in another project level. if you think about these projects they're huge projects almost. hard to comprehend how large so you're looking at a $50000000000.00 investment for the various elegy projects that should be going
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going ahead by the end of this year. out of say around $30000000000.00 will be funded through there will be up to largely the project participants to raise that there and they'll pledge some of their assets and the l. and g. assets against that. no doubt when with the government in the fall situation even for those companies to raise their is going to be more difficult. on top of that the government isn't going to be seeing a lot of the revenues from these projects until the late 2020 s that's when it really picks up the reason for that is all the spend that has gone in already over $10000000000.00 and the future spend that's going to go in the companies are going to need to recoup recoup most of that before the government starts going pay it out so in order for some of this cash to flow back to the people the government needs to be able to borrow some money to in essence. bring some money in
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it's going to earn in the future in 10152020 years time but obviously it's not the fault of the creditors they want to see this money back what was a compromise can they offer in terms in terms of the euro bond this is clearly not not the fault of the creditors. i think it makes sense for. mozambique to for the government to. give a little over here because the size of the size of the prize in the future you're talking about tens of billions of dollars of revenue. that there's this huge potential there relative to the current size of the loans that they're in the fall and his capacity and good to talk to you thank you and that is our show for this week remember you can get in touch with us by tweeting me at has and do use that a.d.c. t.c. when you do or drops an e-mail account in
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a cast that al-jazeera dot net is our address there's more for you on line as always at al-jazeera dot com slash c.t.c. that will take you straight to our page which has individual reports links and entire episodes for you to catch up on. so that is it for this edition of counting the cost and has a secret for the whole team here thanks for joining us the news on al-jazeera is next. coming soon.
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with different angles from different perspectives. separate the spin from the facts the misinformation from the. protesters complain about the. police violence the sensational demonstration with. security forces. leaving one dead and injured.
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headquarters here in. libya's un recognized government says it's pushed back forces trying to take the. tensions rise with china warns the u.s. fix the problem. and accusations of genocide in a canadian inquiry into missing murdered indigenous women. in sudan one person has been killed and 10 others were injured in the capital khartoum after security forces opened fire on protesters thousands of demonstrators have been staging a sit in outside the military headquarters demanding a transfer of power to a civilian government has been touring. panic in sudan's capital khartoum a shot so fired towards protesters who is setting up barricades the army says the
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protest outside the ministry of defense has become a hub for criminals and is posing a danger to the state but thousands of demonstrators defying warnings from the military to stop the sit in they say they'll keep up the pressure until their demands for a civilian government are met after the aggression against theirs this is not new this is has always been the peace i will be redeemed and i personally think that is an extension of bashir and this is the only language they understand it's well it's and firing at civilians the military council has been in charge since long time president obama al bashir was deposed in april and they say external powers may now be influencing what's happening inside sudan after having visited saudi arabia general. and his vice came up with a different look at the they are now putting a different face previously they were very diplomatic in their appeal to the people
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know they are very blunt. there are also reports of gunfire in sudan 2nd largest city on demand where they've been regular protests before and since the shares removal talks between the military council and the opposition coalition to form a transitional government was suspended 2 weeks ago after the 2 sides failed to agree on who will lead the transitional period the military council says if no progress is made it will. call for elections before the end of the year and we've rejected by the opposition. the risk of violence is increasing as the standoff between protesters and government forces intensifies but protesters say they are determined to stand their ground until the military hands of the power victoria gate and be al-jazeera well earlier we spoke to a. he's been part of the protest since january he says people are optimistic that there will be a breakthrough. i 1st of all i want to show him one to show my sympathy to
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a good idea about what happened. shutting the deer off the hill and i'm thinking that this is a. very very very bad move to against what we were demanding and we were. because like the media i'll just irrespective of want to be part of the all the most important the most important weapon that we face the people to him and the dictatorship was the media so. much that much of the story about the about the situation here is that on a much needed right now i mean the tipping things are really. the 3 tier the really high and people think about the leak that we need. to always a good maybe tonight my idea back to tonight but things aren't really clear to now. about what was going on in the. sudan
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here you can actually feel the tangible change that happened after the collapse of the pediatrician people are more more more open the speaking people are more freely speaking about their opinions about decisions here in sudan even though there are so many obstacles one of them for sure is the forces which are controlling everything here in sudan which make it so hard for the negotiators to achieve something in the ground people have been. divided when it comes to the other forces some of them are saying they are. basically created by the previous regime to keep them certain agendas but they switched places and the are now in the side of the people but the other. what of the people are saying these are criminal
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people basically what they called. they're not going to be they cannot be tolerated or accepted by any means so this is it people are divided when it comes to the war but. are willing i mean can one concerning after the visit of helmeted starting a raid you. think only will be clear because obviously and the. clear interest in sudan. forces loyal to libya's u.n. recognized government say they pushed the warlords belief i have to recite as science of the capital they say they've also bombs his positions in the south of france 3 fighters were killed in that operation after launched a military offensive to capture tripoli in april after what had has more now from tripoli. clashes started on saturday between forces loyal to the un or could now is the government of national accord and others led by the warlord khalifa haftar in
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the vicinity of the old international active airport on this southern western part of the libyan capital the government forces say that they are determined to be captured at the airport because it has been this supporting hub for have to its forces in 4 main axes north of the airport in its windy and 3 get on the axes and east of the airport in a little for the journey and ends up ends our axes that the government forces say that the recaptured at the airport they can then cut the supporting line going for have to his forces from the airport to those 4 main axes the also say that they can easily take control of their airport and look at they have to his forces locations in the vicinity of the airport they can also open the way towards us that have been a chair area what have those forces are located there the situation remains
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a very tense on the southern outskirts of the libyan capital specially for civilians many people have been killed since the fighting started on april 4th including civilians and also including women and children of the iranian president has suggested talks with the u.s. may be possible however rouhani says washington must 1st follow international rules he says tehran will not be pressured into negotiations over its nuclear program to iran has repeatedly denounced washington's withdrawal from the 2050 nuclear deal mr rouhani says u.s. sanctions are meant to believe the islamic republic into new talks. china says the u.s. must take full responsibility for the search can trade talks between the 2 countries the vice minister of commerce one schwinn has unveiled a government report on the dispute he says the u.s. . can't pressure china into an agreement and that beijing will not back down over
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its core principles the defense minister has also addressed the trade or your feet again on the treaty friction started by the us if the us wants to talk we will keep the door open if they want to fight we are ready adrian brown with more now from beijing. it's rare for senior chinese government officials to hold a news conference on a sunday morning but that's what has now happened and it has to be seen in the context of all that's taken place in china during the past few days on friday the commerce ministry announced that it was a stablish a blacklist of foreign companies a move that will unsettle foreign investors here in china but wouldn't give details as to when that list would be released and then of course on saturday china imposed more terrorists on some $60000000000.00 worth of u.s. imports as the 2 countries ratchet up their tariff war now the commerce ministry has gone a step further hit back once more they released a white paper which in
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a sense outlines china's case in these stalled negotiations between the 2 countries the vice minister for commerce mr wang showmen said repeatedly that the united states had backtracked during the negotiations between the 2 sides he said that china would never capitulate on key areas that affected its sovereignty he was also asked where the president xi jinping and president donald trump would meet on the sidelines of the g. 20 economic summit in japan at the end of the month he couldn't answer that but he did say the chinese officials would be attending a major economic summit in japan in the next few days and that seemed to hold open really an invitation if you like for the united states to perhaps attend those talks china said it did not want a trade war but once more repeated its warning that it's quite prepared to fight one. china is not the only country in
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a trade dispute with the united states president from plans to impose tariffs on all imports from mexico the mexican foreign minister is in the u.s. for talks about that the town of cement to pressure the mexican government into cutting the flow of migrants from central america who pass through mexico on their way to the u.s. border john holeman has more now from mexico city about 80 percent of mexican exports go to the united states so that's how important this relationship is to this country now the foreign minister from mexico is in washington is going to be me with senior u.s. officials i think what he's going to be saying to them is that the central issue here obviously is about migration president from unhappy with the amount of central americans maybe from honduras el salvador guatemala that are getting through mexico on route many of them to the united states but mexico has actually be doing quite a lot more than before in the last couple of months to try and crack down on that
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80 percent more detentions this april than in april of the previous years and also crackdowns on the amount of humanitarian these is that are being held at the being handed out to people and also on the caravans being going through so i think that the mexican president and his mother will not be as obrador is going to be hoping that his foreign minister can make that case and that he'll be listened to by the u.s. officials basically he is way of dealing with president trump all the way through the 6 months of his presidency has been non-confrontation he doesn't want to get involved really with any disputes the labor for the north not just because of how powerful the united states is but also because he wants to get on with his domestic agenda more on that story stan berger is a resident scholar at the american enterprise institute he says the mexican government has put itself now in a weak position i don't know why what the mexican government expects a big it's clearly the this u.s. government is.

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