and susannah streeter. i'm chloe trump's trade tariffs. things gradually improving. tilley, welcome and aluminium imports. live from london, that's our top story on friday to the 2nd march. programme. degrees, further north about two or three, so at least above freezing. three, so at least above freezing. that is it from me, goodbye. how long have you been here? about eight and a half hours. but china warns his protectionist policies will hellboy you for supplies, water, food, blankets? harm global trade. food, blankets? we'll have the latest live from china. a blog i am melting snow to drink, i drank mine. snow to drink, i drank also in the mine. —— how are you for programme.... embracing the "deepest possible" free trade deal. supplies? be speaking to those planning to gather to help those most in need. theresa may is to make a major speech on when the uk leaves the eu. brexit today. to bring our country together. most dangerous places to try to help refugee children.

off the back of the trade comments from president trump. the inside track with our business editor simonjack. we want to know how you are struggling into work. we've made it in, but will we make it home? i don't think i will! let us know how you're getting on. just use the hashtag #bbcbizlive. hello and welcome to business live. a warm welcome on this bitterly cold day for many of us. in his trade disputes with the rest of the world. and aluminium imports to protect us producers. they have welcomed the move. but china is amongst those warning it will harm global trade. and stock markets have fallen since the announcement. here's the details.

on foreign steel imports, and 10% on foreign aluminium. firms like carmakers — and provoke damaging retaliation. they argue it could destroy more jobs than it creates. to save the us steel industry. year and providing hundreds of well paying, stable jobs. having to start over at 47 years old.

the mill and axe 100 jobs. relentless cycle of boom and bust. intention to slap tariffs of 25% on steel imports. on alumina imports and you are going to see a lot of good things happen. —— on a loom in imports. coming. much steel in a month as the us does in a year. we know we have to trade, but it has to be fair trade. we're not even in the game.

country. has plagued previous administrations. that could costjobs in other parts of the country instead. announcement. worth the cost. cornerstone of america. ourselves vulnerable to everyone else in the world. be watching for how beijing and brussels responds. joe miller, bbc news.

0ur correspondent robin brant is in shanghai. hello. could have a serious impact on the international trade order. international trade order. just how could this escalator? you are right. some, which is an exponent today of free global trade. free global trade. which is taking on very much the role of the protectionist. role of the protectionist. exercise restraint in using trade protection tools. protection tools. excitable ahmad, it pretty much fits in with that. china knew this was coming. it is

no surprise. from the us into china, maybe boeing as well. as well. no action on that but that is where the rumours are. is where the rumours are. the top ten steel importers into the us. us. year, with the us imports about 2% of its steel from china. of its steel from china. have on the domestic chinese steel market will be pretty muted. market will be pretty muted. steel, the aluminium core of china is down around 2%. that is fairly muted. muted. issues in terms of the trade relationship between the countries. relationship between the countries.

of reciprocity, broader market access. access. market, not reciprocal, they do not think their treatment is fair. think their treatment is fair. carp manufactures among those whose share prices have fallen? share prices have fallen? not seem like these tariffs have been imposed yet. been imposed yet. world, not chinese but with a biggest... big impact here. steel market and will not protect jobs. many thanks, robin brant in shanghai. let's take a look at some of the other stories making the news. trading and a management shake—up to report a growth

in profits. 1 billion. it's also increased its payout to shareholders. executive to replace xavier rolet who left after a boardroom battle. robin russell is talking about this. —— robin brant was just talking about toyota. japanese carmaking giant toyota says it plans to form a $2. automated—driving technology. about 1,000 newjobs. toyota will own 90% of the new company. in a "fairly direct way". funding and money laundering. critics have said he was ill—informed about the technology.

year's inspections scandal continue to be felt. of almost 400,000 cars. sarah toms is in our asia business hub. welcome to you. bring as up to date on the reshuffle at subaru? on the reshuffle at subaru? are two key things which have come out of this. out of this. subaru will bijou reshuffling its board. reshuffling its board. out of six board members will be replaced. replaced. day—to—day operations, the president. president.

will go when the old president has not left the company. not left the company. his role as chief executive and also take over as chairman. take over as chairman. what does this mean? this mean? regain the public trust that the company feels it has lost. company feels it has lost. thanks very much, sarah. very much, sarah. now the markets. have had a massive impact on steel tariffs. tariffs. the dollar, car—makers like ford and gm are hardest hit. gm are hardest hit. the dow close down i. the dow close downi. the dow close down i. down i. friday, steelmakers and comedy factor is taking a battering. factor is taking a battering.

trading, down to president trump's announcement. announcement. react and are all down across the board. board. at stocks in companies with facilities in the us. facilities in the us. affect the pounds and the ftse. the to you my years in new york. —— yogita limaye is in new york. yogita limaye is in new york. investors will be looking at steel.

raised by the university of michigan. michigan. financial and prospects, among other things. things. retailerjc penney will release its results. results. turned things around for the department store chain. joining us is alpesh patel, chief executive of praefinium partners. thank you for braving the snow. imports, turrets that president trump wants to bring in. trump wants to bring in. there seems to be panic in the market? market? need to look at about four or five stocks and it tells the whole story. stocks and it tells the whole story.

last two years since trump the candidate has mentioned this. candidate has mentioned this. not be surprised if their share prices start dropping. prices start dropping. manufacturing, the it industry of which they are great exporters. which they are great exporters. the it industry, it will be either/ oi’. the it industry, it will be either/ or. or. the final stop is caterpillar, who make the construction trucks. who make the construction trucks. their share price was hit. manufacturing jobs, it means less construction, people do not buy. construction, people do not buy. they do not buy more cars at a higher price, they stop buying. higher price, they stop buying. and if these tariffs are announced next week. next week. those will be the stocks to watch.

triple—dip recession over the past decade. decade. you could say that about any year that you want. year that you want. recessions than the democrat any other european economy. other european economy. key thing for the elections, a third of young people are unemployed? key thing for the elections, a third of young people are unemployed ? of young people are unemployed ? will not impact eu gdp or brexit but it matters for italy alone. it matters for italy alone. caused brexit at the trump election, the five—star movement. the five—star movement. they have announced their ministers. announced their ministers. they will probably not make a coalition. probably not make a coalition. probably got about 30% of the votes share. it is a problem for italy but not, thankfully, the european economy. thankfully, the european economy.

looksjust like him and he hates that. that. —— does not like to be likened to trump. still to come... brexit, we find out what that means for business. you're with business live from bbc news. of severe disruption caused by the freezing weather conditions. a significant cost to the economy. fiona lamdin is in taunton to give us an update. tough getting through for the lorry behind you. behind you.

emergency services, nurses, doctors across the board? across the board? throw away from the m5. normally a main feeder road to the m5, but it is hard to get onto. m5, but it is hard to get onto. of cars, people trying to get to work. it is completely empty. traffic lights are read for no traffic. traffic. if i can show you some of the stranded cars. the stranded cars. this lorry you so moving, got stranded last night. moving, got stranded last night. and they said it was like an ice rink. rink. they thought it was dangers and they would come off at taunton. would come off at taunton. people ended up abandoning their cars and staying here. cars and staying here. spirit is amazing, people have been digging each other out of the snow. digging each other out of

the snow. we have just met a farmer, who has a local business two miles away. local business two miles away. musgrove park this morning and offered his services. offered his services. morning, so the hospital can operate as normal. as normal. they are asking people to only come in if it is an emergency. only come in if it is an emergency. they are asking people to avoid all travel if you can. travel if you can. snowplough and a gritter down this road. road. driving on this so the advice is to stay in and stay warm. fiona, thank you. you. a bit of good news, there will be no gas deficit warning. be no gas deficit warning. it seems supplies have been freed up. you're watching

business live. plans to impose tariffs on steel and aluminium imports. aluminium imports. including china, canada have criticised it. a quick look at how the markets are faring. markets are down since that announcement by president trump. trees may outline their plans for trade after the exit. our business editor simon jack is with us in the studio.

let's talk about this speech by theresa may, expected later. theresa may, expected later. got to set out the five tests she says need to be met. says need to be met. what are those likely to be? likely to be? on the border between northern ireland and ireland. ireland and ireland. between northern ireland and the republic of ireland. republic of ireland. period, the european court of justice would be in charge. justice would be in charge.

british prime minister would agree to it. to it. so they are saying, give us a better idea. better idea. what the europeans have been asking forfor a long time. forfor a long time. example, aviation is, pharmaceuticals. pharmaceuticals. the europeans will be saying, tell us what you want. be saying, tell us what you want. five from british ministers saying this is what we want ahead. this is what we want ahead. for clarity today so they can move forward ? for clarity today so they can move forward? forward?

like to stay a member to some agencies. agencies. about whether you want to stay part of the customs union or how much. of the customs union or how much. we would like to stay part of a customs union. customs union. your own trade deals with the rest of the world. of the world. it is the us, there is no trade deal. deal. look at germany's deal with china, there is no trade deal. china, there is no trade deal. giving up a three course lunch for a bag of crisps. bag of crisps.

those pictures of them going into downing street. downing street. to be on the same page at the moment? moment? it was always going to be like this. like this. progression and we would tick things off along the way, was naive. off along the way, was naive. there will be a bit more honesty about having our cake and eating it. about having our cake and eating it. a bit more detail on how she would like to stay close. like to stay close. there is a three basket philosophy. basket philosophy. to stay close like aviation and pharmaceuticals. pharmaceuticals. a different way and there are areas where we want to do our own thing. where we want to do our own thing. it is called the three baskett philosophy they want to pursue. philosophy they want to pursue. cherry picking and you cannot have it. one o'clock, the

speech. massive job losses across the world europe and asia? europe and asia? old story, online pressing traditional retailers. traditional retailers. can afford your rent for the rest of the year. they have said no. microcosm of largerjob losses across the sector. across the sector. to go to the store, is the big thing. simon, thank you. news as it happens on the bbc news business live page. business live page. analysis from our experts around the globe. we want to hear from you. we want to hearfrom you. get involved on the bbc‘s web cage. involved on the bbc‘s web cage.

0n twitter we are at bbc business. twitter we are at bbc business. we can find us on facebook. can find us on facebook. live on tv and online, what you need to know, when you need to know it. taking an interest in? alpesh patel is joining us again to discuss. these coast of america, big snowstorms arriving there as well. snowstorms arriving there as well. get into work, particularly now many people just don't travel? people just don't travel? about business angle when lives are being lost. being lost. hospital staff staying overnight in hospitals and so on. hospitals and so on. extraordinary and uplifting from that angle. that angle.

perspective it will have to hit sales soon. sales soon. has taken and i feel sorry for those non—online retailers. has taken and i feel sorry for those non-online retailers. non-online retailers. had to cross—country skiing to work in the past. in the past. driving with caution and allowing more driving time. more driving time. and you have a three—day—old baby that was born in the snow. that was born in the snow. he was born in cyberjust down the road. born in cyberjust down the road. thank the midwives who stayed behind. behind. midwife carol in particular at the portland. thank you. that's it from business live today. web page and on world business report. we'll see you again tomorrow.

across the uk, there is widespread disruption because of that. disruption because of that. edinburgh area, 45 centimetres and into yorkshire and lincolnshire. into yorkshire and lincolnshire. significant snowfall amounts. today, there will be less snow in the forecast. the forecast. but it will still feel pretty call. pretty call. northern ireland and north—eastern part of the uk. part of the uk. they will expire as we go through this morning. we go through this morning. into wales, the midlands, south—east england.

england. wales in towards the humber region by the end of the day. by the end of the day. snow showers in the north—eastern quadrant. in the north—eastern quadrant. temperatures struggling to get above freezing. freezing. gales, feels like temperatures will be minus seven, —11 degrees. be minus seven, —11 degrees. moving further north but by this stage it will start to ease off. stage it will start to ease off. still some snow showers across the north and the ease. north and the ease. again, there is the risk of some ice. how about the weekend? still going to be cold across northern areas. northern areas. less cold, even mild across the south. across the south. disruption or the heavy snowfall we have seen so far this week. have seen so far this week. there, lots of dry weather around and with it, some sunny spells. and with it, some sunny spells.

look at those temperatures, 7 degrees in plymouth. degrees in plymouth. than they have been but still two or three degrees. three degrees. northern part of england, southern scotland. scotland. that is an indication of the air becoming less cold. becoming less cold. temperatures six to 9 degrees. to 9 degrees. northern parts, up by a couple of the grease. a couple of the grease. disruption likely today but it is getting better into the weekend. 00:28:31,457 --> 536870763:19:08,704 hello, 536870763:19:08,704 --> 1073741526:09:45,950 it's 1073741526:09:45,950 --> 1610612289:00:23,197 friday 1610612289:00:23,197 --> 2147483051:51:00,443 march 2147483051:51:00,443 --> 2684353814:41:37,689 2nd, 2684353814:41:37,689 --> 3221224577:32:14,936 it's 3221224577:32:14,936 --> 3758095340:22:52,182 nine 3758095340:22:52,182 --> 4294966103:13:29,428 o'clock.