this is the business briefing. i'm sally bundock. trump takes on india — the us president says he intends to end the country's preferential trading status with the united states. and out on bail — the former nissan boss carlos ghosn could be released as early as today for $9 million. and on the markets, the monday euphoria has fizzled out, as investors now wait for evidence that there is actually a trade deal between the us and china.

we begin with the us president, who says he intends to end india's preferential trade treatment under a program that allows $5.6 billion worth of indian exports to enter the united states duty free. trump, who's vowed to reduce us trade deficits, has repeatedly called out india for its high tariffs. let's go live to delhi now, where devina gupta has been following the story. devina, just tell us how the system currently works. 50, very devina, just tell us how the system currently works. so, very briefly, what happens is that the us gives a preferential treatment to goods coming from developing countries like india, so there are about 1900 product categories in which it does not have import duty. it also helps the american companies because they get more material like organic

chemicals or jewellery get more material like organic chemicals orjewellery or agricultural products are very cheap rate. now what has happened is that for the passed one year, we have seen the rhetoric against india sharpening under the trump presidency. donald trump said that india has high taxes when it comes to buying motorbikes like harley—davidson, when it comes to agricultural products, medical devices and also when it comes to dairy products, there are certain conditions that india has which is not in favour of the us companies. —— past. that is why it has gone ahead and put the indian products, which enjoyed a preferential treatment out of the list as well. have just been to the news conference where india's, secretary has reacted and let me tell you, the mood out there was not expected because they were in negotiations will be passed one year trying to resolve the issues and they said that we had made ground but now looking at the statement that has come out, although the economic impact of that will be just $180

million, that is a minimal given the size of the trade, but it will impactjobs here size of the trade, but it will impact jobs here and size of the trade, but it will impactjobs here and that is what they are worried about. —— commerce secretary. they are hoping that talks will help. all right, we shall watch this space. thank you very much. now let's brief you on some other business stories. former nissan chairman carlos ghosn has been granted bail by a tokyo court. he's been in detention there since mid—november and he faces financial misconduct allegations, all of which he denies. bail is set at1 billion yen — that's close to $9 million. according to local media, he could be released as early as today. reports suggest that he could be under surveillance for 2h hours.

the average household in england faces a £75.60 hike in council tax from april, according to a survey of local authorities. the chartered institute of public finance and accountancy study found a planned average increase of 4.5% for band d households in 2019/20. the increase is lower than the 5.1% hike last year, but is still the second highest council tax rise in the last decade. it's goin gto glitz and glamour as the geneva motor show, it gets into top gear today but it comes at a time when the industry is facing a perfect storm of headwinds. an unexpected slowdown in china — the world's biggest car market — has led to a sharp u—turn in profitability for many manufacturers. sales of passenger vehicles were 23.8 million in 2018, down 4.1% from the previous year. the european economy is also slowing, with italy in recession. and another major bump in the road: the prospect

of a no—deal brexit. manufacturers rely on just in time production, with components arriving from different european locations, and any disruption would have repercussions across the industry. companies have already started making steep cuts in europe. honda last month announcing the closure of its factory in swindon. jaguar land rover, which is staying away from geneva altogether this year, has announced plans to cut 11,500 jobs. and the industry is struggling to absorb costly investment in electric and autonomous vehicles, amid plunging demand for diesel. new eu emissions limits, being phased in from next year, will force manufacturers to reduce drastically the amount of carbon dioxide emitted by their cars, orface steep fines. we have regular ho yu an business briefing. anna—marie baisden, head of autos, bmi research.

good morning. good morning. is what will the geneva motor show be like this year, given all those issues we have just highlighted 7 this year, given all those issues we have just highlighted? noticeably, this year, given all those issues we havejust highlighted? noticeably, i think there will be a number of manufacturers missing. -- so what will. understandably, it is a big financial layout for them and they are facing so many financial headwinds, they are being a careful about the event they attend this year. we expect to see the motor show have big focus on electrification, that is something they are trying to get into nowjust by offering more options. honda, its investment in the uk, nissan as well, jaguar land rover, but also we must not forget that general motors is going through massive restructuring, the global car industry is having to change rapidly and it is painful. absolutely, there area and it is painful. absolutely, there are a lot of big challenges in all of the big markets at the moment and

you mention china as well, we expect to see a lot more cost cutting this year, a lot more tieups between what we re year, a lot more tieups between what were previously rivals. we have seen bmw and daimler talking about collaborating with each other, and they were previously rivals. the car factories themselves, honda, nissan eccentric, but it is all the suppliers as well to those factories. yes, it has a knock-on effect for them, as you the just—in—time production, it is going to start affecting their strategy and the way they are working as well. we are going to start to see this in europe and north america as well having a big impact. thank you for coming in, and not to mention of course, carlos ghosn will not be there. he is someone we used interview live from the geneva motor show in years gone by. at the opening of china's annual meeting of parliament,

premier li keqiang said the government has set its 2019 economic growth target at 6.0% to 6.5%, lower than last year's goal of around 6.5%. it's also set its 2019 target for consumer price inflation at around 3% and its budget deficit goal at 2.8% of gross domestic product, li said. 0ur china correspondent, stephen mcdonell, joins me now from beijing. lots of numbers, lots of statistics that financial markets love, they wa nt to that financial markets love, they want to know where the chinese economy is heading. but many economists question the numbers coming out of china, it don't they? yes, absolutely, i mean people really do not know whether we can trust the veracity of these statistics, but a lot of analysts will point i guess the trend. they would said he did not trust the mall, you probably would not have trusted them last you the year

before, and maybe it is the same sort of differential and so given that, when we hear premier le keqiang speaking of a tough struggle and the economy slowing, it does seem and the economy slowing, it does seem that you can believe that it is to some extent slowing. whether or not the precise figures can be relied on or not, but i should add in terms of this slowing that this is something that the government also sort of wants. they have been trying to step down the chinese economy now four years, advocating for a sort of bettered growth, rather than the sort of rates make, factory driven export growth that we had, whichjust went factory driven export growth that we had, which just went on for decades he has. now, this gathering goes on for several days, what are we expecting them to say about trade and the relationship with the united states if they have not already been mentioned? —— states if they have not already been mentioned ? —— breakneck. states if they have not already been mentioned? -- breakneck. well, it is a good question actually we heard

today the premier saying that china will be making it easierforforeign companies to invest here. now, one of the ways we think this is going to pan out is that there is able be introduced to the congress over the coming days, which will mean that in certain industries, foreign companies will not necessarily need a local partner the way they used to. it is the extent of viral that is going to be crucial, which industries? and this does seem to be a nod to the us and to those attem pts a nod to the us and to those atte m pts to a nod to the us and to those attempts to break through the current trade war because that has been one of the complaints in western countries, that companies cannot just investee without western countries, that companies cannotjust investee without the burden sometimes of a local investor. so if it turns out that way, some in washington at least will be pretty happy about it. thank you. that's quickly show you

financial markets in asia at the moment. japan has not got long to go. investors now want some detail ofa go. investors now want some detail of a possible trade deal between the us and china. children in refuges and those that have had to leave home due to domestic abuse, should have priority access to school places, according to a report by the uk—based domestic violence charity, hestia. they say more than 1 million children each year are exposed to such abuse, but warn that when families move to a safe address, they can struggle to get their children into another school. this, in turn, can have a terrible impact on their education.

the report wants the domestic abuse bill, published by the government earlier this year, to be amended to make it easierfor victims of domestic violence to get into another school if they have to move address. here's our education correspondent sean coughlan with this report. after the trauma of escaping domestic violence, families often have to rebuild their lives in a new location, which in the short term might bea location, which in the short term might be a refuge or shelter. but the report says when families arrive in yourarea, the report says when families arrive in your area, they need more help to get their children into school. in your area, they need more help to get their children into schoolm is incredibly important that children have access to education. 0n children have access to education. on average, child was domestic abuse situation would probably need anywhere between three to four times within 18 months and that would mean changing schools the same amount of times, and if it takes anything over four weeks to get a place in school, you could find that a child could be out of school for 12 months and that isa out of school for 12 months and that is a huge impact on education. ——

move. the charities want the government to make a huge addition to their domestic abuse bill, so that the priority to give the children school places will be given legal status. domestic violence cost £11; legal status. domestic violence cost £1.11 billion a year in extra costs for health, education and the police. the department says it is reviewing support for children in need and is considering changes to admission rules so that families have access to a new school place as quickly as possible. this is the briefing from bbc news. the latest headlines: carlos ghosn, the ousted head of cargiant nissan, is granted bail by a court in tokyo. the political crisis in canada deepens — a second cabinet minister resigns from justin trudeau's government. president trump takes on india —

the us president says he intends to end the country's preferential trading status with the united states. let's look at the stories that making the headlines in the media across the world. we begin with the toronto star in canada. it covers a second ministerial resignation there, saying things have got a whole lot worse for prime minister trudeau. the front page of le figaao in france says president macron is calling for a european renaissance, setting out big changes he thinks the eu should make. let's move on to bloomberg. they say ai technology's being rolled out by retailers that can identify shoplifters before they steal by analysing their behaviour. this story's in quartz and many others. virgin atlantic allowing its female cabin crew to go make—up free if they want, and giving them trousers as well as a skirt as part of the standard uniform.

and finally, the guardian with another popular story. the eu's moving closer to scrapping daylight savings times as meps vote to abolish changing the clocks from 2021. an annual debate here, every time the clocks change it comes up for debate. with me is independent analyst stephanie hare. that's start with the toronto star, iimagine that's start with the toronto star, i imagine they are all over this story, with the resignation of a second cabinet minister, philpott,

after