this is the business briefing. i'm sally bundock. the trouble with tariffs — china warns they threaten the global economy, as world leaders prepare for the 620 we take a special look at how the us is reshaping the global economy. supermarket giant carrefour becomes the latest european retailer to sell up in china after struggling to keep up with the local competition. on the markets... a mixed picture emerging as a new trading week begins in asia. of course, all eyes on the 620 trading week begins in asia. 0f course, all eyes on the 620 summit at the end of the week.

this week is shaping up to be a big one for global trade which is in it's biggest state of flux for decades. as world leaders prepare to talk trade at this week's 620 summit injapan china has repeated its warning that tariffs are a threat to the global economy. the remarks are aimed squarely at the us and come ahead of president trump's scheduled meeting with his chinese counterpart xijinping at the 620. it's a meeting that many investors are hoping could lead to a breakthrough in resolving their trade war. that's the biggest of several battles president trump has started to try and resolve what he sees as unfair trade practices. it's led to tariffs

on $360 billion of goods. that's $250 billion worth of stuff the us buys from china and beijing's retaliation of tariffs on $110 billion worth of the stuff it buys from the us. president trump has also threatened tariffs much nearer to home. last year $346 billion worth of goods came north over the mexican border. levies have been averted for now but could still come into force is mexico doesn't follow through on commitments to step up border security and cut the flow of migrants. other traditional us allies are also in president trump's sights. the white house is still considering tariffs on cars that are imported from the eu and japan. a decision is due in november. meanwhile 25% us tariffs on european steel and 10% tariffs on aluminium

remain in place. american companies are increasingly hopeful expansion in india but relations are strained. that's because the us ended india's preferential trading status earlier this month which meant tariffs increasing. president trump says india has failed to grant american companies adequate market access. an awful lot going on. 0ur reporter monica miller is live in singapore, home to one of the world's busiest ports. 6ood good to see you. just a recap on what china is saying ahead of these 620 talks? over the weekend, they had a very stern message in that state run newspaper saying they are willing to fight this to the end and that the us needs to drop tariffs if

it wants to negotiate trade. however earlier today we heard from china's vice commerce minister and he was saying tariffs brought by certain countries will affect the world economy and that there is little room for many countries to work with a slowing down economy so a very clear message to the us that they are not going away anytime soon. clear message to the us that they are not going away anytime soonm the meantime, for southeast asian nations, they are really feeling the impact. you are probably in what should be one of the busiest pause in the world and they are seeing a real difference? they. the port authority here says every two to three minutes there is a ship bringing goods in and out of this area and they are deeply concerned that the global economy is going to slow down. there have been some people that have benefited from it. 0ne people that have benefited from it. one is vietnam. a lot of us companies have been moving out of china so they are not hit by taxes

so china so they are not hit by taxes so vietnam has aphelion. 0ver china so they are not hit by taxes so vietnam has aphelion. over the weekend, clasie and members met in thailand and voiced their concerns. —— asean. some expect this to be a multi— front wall. the head of the philippines says this will spiral out of control. they did agree on a resolution to a free trade agreement moving forward. thailand's leader said they have come to some resolution because they have to figure out how they exist if the economy decreases. so that's the impact of the trade war across asia but what does all this change mean for america's small businesses. 0ur correspondent samira hussain has been to the city of york in pennsalyvania

to speak to some of them. the fortunes of york pennsylvania were built on manufacturing. heavy industry remains essential to the local economy. and it is communities like these that acutely feel the impact of president trump's trade wars. bob wilson's business is selling electrical wire and cable. it has been hit by duties on the material it buys overseas and the finished product he sells to his customers. plans to hire two new fulltime staff have been put on hold. not knowing what the future is going to hold, those plans have since been put on the shelf. up until last year, bob wilson was a card—carrying republican. he says the party has forgotten its pro—trade routes. we reallyjust truly don't know what's going to be happening. it seems to be, changes from day—to—day, depending upon a tweet. the uncertainty is particularly difficult for small companies to weather but york is also home

to some big manufacturers who have already said they've been badly hurt by tariffs. so what our businesses are really looking for to be successful is a stable, predictable business landscape. they're not looking for drastic policy changes, they're not looking for uncertainty. just down the road from bob's cable business, sparks are flying at this sheet—metal company. despite the fact that the cost of tom mckee's raw materials have gone up, he remains steadfast in his support for president trump. rome wasn't built in a day, things don't change overnight, and we have not been on a level playing field for years and the man down in washington, dc, you know, he is what he is, but i think he's starting in the right direction. as well as america's manufacturing base, places like york also make up president trump's electoral base and will be key in the next election. america's industrial heartland gave

president trump his first term in office and although there are those that believe these trade disputes are hurting the us economy, mr trump is betting it will win him enough support from small companies and will give him another four years in the white house. samira hussain, bbc news, york, pennsylvania. the french supermarket giant carrefour is scaling back its presence in china. europe's biggest retailer is selling 80% of its struggling chinese operations to local rival suning.com. sharanjit leyl is following this from our asia business hub in singapore why is it struggling? a number of reasons but, as you say, it is

exiting its chinese business selling a majority stake to suning.com. the deal valued at $1.6 billion. it is also one of the biggest food retailer and it is in the middle of a major reorganisation and has had to deal with a lot of competition in china. we know that it operates 210 hypermarkets, 224 convenience stores. it has been in china since 1995 but despite the outward potential for the chinese market, 1995 but despite the outward potentialfor the chinese market, it has spent years battling fierce local competition and a strong on line market. last year, for instance, 5.9% fall in sales. the agreement will allow it to sell the remaining 20% it holds into the

chinese subsidiary and leave the market entirely. investors seem to like the dealfrom market entirely. investors seem to like the deal from suning.com's perspective because it shows have risen by as much as 6.5% today. if you want to dig deeper into the subject go to our website. 0r download the news ab. we will see all the special coverage we have for you. the company which makes mercedes—benz vehicles has cut its profit forecast again because of the diesel emissions scandal. 6ermany‘s daimler says a "high three digit million amount" is being put aside. it means profits at the company aren't expected to grow from last year's $12.6 billion. on saturday, 6erman regulators ordered the company to recall 60,000 diesel cars that it found were fitted with software to cheat emissions tests. daimler and other car companies are due to meet the german government about the industry's

future later today. see you in a moment. up next newsbriefing, we'll take you through ther stories making headlines in the global news media today. nhs england is to open its first gambling addiction clinic for children and young adults. it comes after research found more than 50,000 children have a gambling problem. lauren moss reports. 18 months ago whenjack was 24, he took his life while on a gap year in

vietnam after losing money on a bed. he started gambling in sheffield with his friends when he was 17 but it was a habit that spiralled into addiction. he didn't think it was u nsafe. addiction. he didn't think it was unsafe. and i think he felt, in the end, that it controlled him and that is why he died, really because he felt he would never be free of it. jack's parents now run a charity to support other families. they welcoming the news clinic for teenagers and young people with gambling problems will open later last year in london and what has now been an adult only service. 450,000 children are regularly betting, more than those who drink alcohol, smoke or take drugs and many have a gambling problem. or take drugs and many have a gambling problemlj or take drugs and many have a gambling problem. i have dedicated my life treating adult gambling problems and that has been sad enough. having said this, many of my

aduu enough. having said this, many of my adult patients were already children problem gambling issues. from september treatment will be offered to children and their parents and will focus on mental health issues related to it. and clinical open in leeds and others are planned for manchester and sunderland. it is hoped they will offer support to those who need it the most before what nhs bosses have described as of problem gambling ruin small lives. this is the briefing from bbc news. the latest headlines: young moroccans want a radical change in government — according to the biggest ever survey of the arab world carried out for the bbc. turkey's president erdogan's dealt the biggest blow of his 25 year career as his candidate loses the re—run of the istanbul mayoral election.

now it's time to look at the stories that are making the headlines in the media across the world. morning for some of us watching around the world, certainly in europe. we begin with the guardian and the uk foreign secretary jeremy hunt who hasjoined calls for pm hopeful borisjohnson to explain why police were called to his home after an argument with his partner, warning that his conservative leadership rival "needs to answer difficult questions". the times says turkish president tayyip erdogan has lost control of istanbul for the first time in 25 years in a significant blow his opponents say marks the start of his political decline. in the gulf news, the world economy takes centre stage as the business community anxiously awaits the upcoming talks between us president trump and china's president xijinping. it's believed the meeting at the 620 summit injapan holds the potential to dramatically reshape the outlook for trade tensions. the irish times reports a russian intelligence operation whose online posts were taken down by facebook is suspected of spreading fake news about northern ireland following an investigation. the campaign spread false information about interactions between dup leader arlene foster and the european union's chief brexit negotiator, michel barnier.

and finally, the lionesses are through to the quarterfinals of the women's world cup. the victory, however, was not without controversy after england manager phil neville said he was "completely and utterly ashamed" by the behaviour of the cameroon team, who twice looked like they would refuse to play on as england beat them 3—0. we will talk about that. jonathan is back as