having a trade deficit with china or having a trade deficit of $400 billion with china does not mean that the us consumers are not benefiting from the same sort of import from china. so that cost benefit analysis is notjust a matter of losing money to china, by oui’ matter of losing money to china, by our calculations, i think an individual us consumer would probably have to share around $700 of extra burden in their annual expenses purchasing furniture, this is the business briefing. i'm sally bundock. consumer goods, you name it, from store wars. profits under pressure at walmart, grocery stores. that burden will be as the world's biggest retailer battles the rise of amazon — as well as soaring tariffs borne by american consumers for on chinese goods. plus, dialling up the tension — sure. mary hanbury is retail reporter president trump declares a national for business insider. emergency over the risk from foreign telecoms firms. good morning, mary. i mean, walmart the latest move against chinese phone giant huawei. nerves are frayed is huge. it is a massive employer in on financial markets. this is the scene in asia as investors wonder what might the united states as well. and as that analyst was saying, this issue happen next as the white house with the trade war between the us and china will have a big impact on walmart? salute me. although walmart increases the pressure on china. has not actually spoken publicly about this with the recent round of

tariffs, last october they did say they urged the us representative trade organisation not to go forward we start with walmart. with these tariffs, it would mean it's still the world's biggest price hikes for the consumer. retailer, for the time being, 0bviously, price hikes for the consumer. obviously, as they sell so many and in a few hours time investors will find out how its doing different things, it is hard for them not to be impacted by this. in its battle to fend off the rise of amazon. they are definitely going to be it's expected to report sales impacted. and it becomes harder as of a massive $125 billion in the first three months of the year, but profits could well there are more and more tariffs and ta riffs there are more and more tariffs and tariffs go up to 25%, harder for be down again as it spends heavily to move business online. this week it announced plans to offer free next day delivery them to absorb the costs and not for online purchases, taking on amazon's prime service. it's all part of a huge pass them onto the consumer. so that investment in online, will have a huge impact walmart especially for groceries. going forward, because it is so vast but bricks and mortar shops remain at the heart of walmart‘s business. in the range of goods that it sells. it has 4,700 stores in america — exactly. it is cheap and cheerful which means 90% of the us population and that is one of the benefits of has a walmart within ten miles. shopping at walmart, you are paying that could be its biggest less for what you want. but in terms weapon against amazon. it's bringing in more robots to do of the amazon threat, this is jobs such as cleaning the floor and taking inventories, something walmart has had to deal giving staff more time with for many, many years. walmart to deal with customers. and it has bet big on the fast growing indian market, buying the leading online retailer seems to be becoming more, instead there in a $16 billion deal. apart from amazon, walmart of reacting, more proactive about has other worries too. its strategy with amazon? not least the escalation definitely. i think amazon tweeted of president trump's trade

war with china. that means higher import taxes this week, because walmart announced on the thousands of items it was also rolling out one—day it sources there. 00:02:04,486 --> 2147483051:37:46,958 analysts warn that will inevitably 2147483051:37:46,958 --> 4294966103:13:29,430 have to be passed on to customers. shipping, and amazon sent out a tweet saying, we already have shipping in cities. if you are a sensible consumer you know when you going to shop. so the rivalry is becoming more public. but walmart has been doing a lot of things to build its e—commerce business and compete with amazon, and in the last quarter, quarterly earnings, i think e—commerce sales were up quarter, quarterly earnings, i think e—commerce sales were up 40%. so it is growing a lot. and walmart was not just, as you is growing a lot. and walmart was notjust, as you say, same—day shipping, but free delivery, as it were. whereas with amazon prime customers, you are paying for the delivery. it feels free and it feels quick but it isn't. you are paying for it. ijust wonder how this will play out, to what extent walmart will be able to grab back market share, because as we have already mentioned, so many stores across the us, and they are not far away, and it is pretty convenient and low cost for walmart. exactly, and i also

think walmart has the advantage. it is not actually using it stores to ship out one—day items to customers. that is what analysts were assuming before this was announced. it is not actually doing that. the advantage it has is that it has the click and collect services. so for somebody who lives in the suburbs was in dakar anyway, the convenience of being able to order online and collect your groceries for free, but should terrify amazon, i rang. —— lives in the suburbs and is in their car all day anyway. i tried to order groceries off amazon recently and it was actually quite expensive and you have to organise the delivery to your home. that put me off. thank your home. that put me off. thank you so much. when will my‘s numbers are out we will let you know here on the bbc. -- are out we will let you know here on the bbc. —— when walmart‘s numbers are out. let's stay in the us, because as you have been hearing, president trump signed an executive order declaring a national emergency and barring us firms from using telecoms equipment made by companies posing

a national security risk. the move ups the pressure on chinese telecoms giant huawei, as dave lee in san francisco explains. this is an executive order, as you mentioned, called securing the information communicants mentioned, called securing the information communica nts technology and services supply chain. what that means is that the united states as it is now banning the import of goods and services from countries and governments they consider to be there for another service. the white house is saying this is a country agnostic order, i.e. not about any particular place. but of course, given the backdrop this comes against, with the disagreements with china and highway, this is seen very much as targeted at huawei and to a lesser extent the other chinese technology giant, zte. what it means is, companies will not be able to bring those products into the country. that is going to have an impact on various networking capabilities in the united states, and conversely, the commerce department has said that american companies cannot sell their goods to

huawei. that was dave lee, explaining what all this means. let's talk to our asia business correspondent karishma vaswani in mumbai. you are in mumbai today! not singapore. you have met the top bosses at huawei stop this has been going on for a long time. give us your perspective on this latest move on the part of the white house? this didn't come as a surprise to huawei. they have been expecting this for several months now, partly because the us has been going around the world broadcasting but they want to ta ke world broadcasting but they want to take action on huawei, trying to convince their allies that they shouldn't be doing business with huawei either. at the centre of all of this are the allegations but washington says that huawei is being used or could be used, its equipment, as a tool of the chinese government to spy on its customers. now, when i met with the chairman, a

few months ago in february and an exclusive interview, he was adamant that would never happen. translation: we will never undertake any spying activities, and we will never accept anybody‘s instructions to install a backdoor. if we take any such actions that i will the company down. so, as you have heard, but has been the consistent line from huawei, and in fact in recent weeks they have gone so far as to say that they would sign no spying agreements with companies. but what this order effectively does, sally, is that it buys huawei from selling its products to the united states. the company has told me that is an insignificant market for it, because actually, it is just a fraction of the total sales huawei has worldwide. what could hurt it more is the fact that american companies are now effectively banned from selling to huawei. and huawei needs those american components. very

briefly, if we talk about the timing of this, with the trade talks between the us and china, very fractious right now, it is quite a critical moment, isn't it? yeah, it isn't going to go down well in beijing, sally, ithink isn't going to go down well in beijing, sally, i think that is clear. at the same time, china has a lwa ys clear. at the same time, china has always perceived this attack, if you will, on their words, always perceived this attack, if you will, on theirwords, on always perceived this attack, if you will, on their words, on huawei, as an attack on the country and its ambitions to be no a global superpower. huawei is a national champion in china and what that means is that it has been tasked with the responsibility, the chinese say, of going overseas to expand its global footprint. and say, of going overseas to expand its globalfootprint. and beijing will very much see this move by the us as a way for washington to escalate tensions between the two sides. karishma, thank you very much. you're in mumbai, not singapore. but will all make sense, we will find out why. now let's look at what is

trending in business news today. worrying news for elon musk. the wall streetjournal reports how fund manager t rowe price, for years one of tesla's biggest investors, has sold 81% of its shares this year. in business insider, satya nadella explains why unconscious bias should be one of the biggest priorities in artificial intelligence development. 0n quartz, how to delete your alexa history — and why you should. the inside story on how amazon can use the data it gathers from the popular digital assistant. and don't forget, let us know what you are spotting online. use the hashtag #bbcthebriefing that's it for the business briefing this hour. but before we go, here are the markets. up next, newsbriefing. we'll take you through ther stories making headlines in the global news media today.

the supervision of all offenders in england and wales is being taken back by the government after a series of failings with the partially—privatisated system. the national probation service will take over management of low and medium—risk cases, which was previously given to private providers five years ago. the justice secretary, david gauke, said the new system would "increase" public safety. danny shaw has more. he promised it would transform rehabilitation for offenders. chris grayling was the architect of the biggest probation shakeup in decades, allowing private firms to supervise former prisoners and people serving community sentences who pose a low or medium risk. but now the reforms are being scrapped. the nail in the coffin was a report from dane blair anastasia, the chief probation inspector. she said the model of part privatisation was irredeemably flawed and people would

be safer with a public sector in charge. under the new system, all offenders will be monitored by the national probation service, based in 11 regions. the private and volu nta ry sectors 11 regions. the private and voluntary sectors will provide unpaid work and drug misuse programmes for offenders. but they will be no payment by results, a key element of chris grayling's approach. it was a mistake and chris grayling has to share responsibility for that. he thought it was the greatest thing since sliced bread. we pleaded with him not to do it, or at least part of some of the schemes first. he flatly refused, pushed it through to satisfy his own political agenda, and he has cost the taxpayer millions and millions of pounds. hundreds of millions of pounds. david gauke, the currentjustice secretary, says the new system will increase public safety. it will be introduced in wales this year and across england in 2021. and there will be more detail on that story and all of the others in breakfast.

it is at six o'clock here on bbc 0ne, it is at six o'clock here on bbc one, and it is withjon kay and sally nugent this morning. join at six o'clock. —— joined them. this is the briefing from bbc news. the latest headlines: president trump declares a national emergency to stop us companies using any telecoms equipment from foreign companies seen as a threat. dozens are arrested in russia — following ongoing protests over the building of a new cathedral. ahead of next week's european elections — leading candidates take part in a televised debate. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the times who report the british military has engaged in a public clash with the pentagon over claims by washington about the threat posed by iran. the ministry of defence dismissed warnings iranian—linked groups were preparing to launch attacks against western targets in the middle east. the ft says us president donald trump has dodged an immediate

collision with the eu and japan on trade by deferring a decision to impose tariffs on cars and car parts by up to six months. meanwhile the independent, the uk international trade secretary liam fox has said the uk could accept chlorinated chicken in a post—brexit trade deal with the us without cutting food standards. he also insisted the controversy about washing poultry in chlorine was purely an "animal welfare" issue. the mirror covers the ongoing controversy surrounding the uk reality tv showjeremey kyle. —— jeremy kyle. the welfare of guests on tv shows will be now scrutinised by mps and regulators in the wake of the death of a man who appeared on the program which has now been cancelled. and finally the mail leads with encouraging news on the fight against cancer. british scientists have announced

the beginning of a new treatment revolution that could reduce cancer from a killer disease to a chronic condition. so let's begin. with me is rebecca harding, ceo and founder of coriolis technologies. let get stuck again. we have a diverse range of stories today.