pickets at the ports. this is the scene live in newark as us dock workers stage their biggest walkout in nearly 50 years over pay and automation, threatening billions of dollars of economic damage. plus — trading blows. 100% tariffs on chinese evs come into force in canada. we hear from the country's trade minister on the reasons behind the move. welcome to business today. let's start in the

united states where ports all across the east and gulf coasts — including here in baltimore — have virtually ground to a halt. it means goods ranging from cars to machinery and fresh fruit and vegtables are going to find a lot tougher to get into or out of the world's biggest economy. an estimated 16,000 workers have stopped working over demands for more pay and less automation. the stoppages could cost the us economy as much as $5bn a day according to the investment bankjp morgan — but other experts say it will be less than that. one knock on could be as many as 100,000 people finding themselves temporarily out of work as the impact of the stoppage spreads. 0ur correspondent michelle fleury is at the port of newark in newjersey. what other people telling you about how angry they are but also how long this might last?

this is one of three dozen ports that are on strike as of midnight last night, and work is basically raring to go, blasting music this morning, i saw some children walking around this morning —— workers basically raring to go. the feeling is it will take as long as it takes, they are angry stood over the pandemic when they had to go to work every day and did not get rewarded, and now the contract is over they want to negotiate a raise in wages of as much as 75%, but what we understand there was a bit of back and forth between the us maritime alliance which has been negotiating with the international longshoreman is association, they increased their offer on wages to 50% and had offered to improve things on retirement benefits but when it came to the question of automation, that remains a sticking point, with lots of science is saying, automation hurts families, and the workers

say that was a big issue, it is about protecting theirjobs for the future. the crowd were riled up when the head of the us maritime alliance reiterated the striking workers demands. —— when the head of the union reiterated. -- when the head of the union reiterated-— reiterated. i'm going to fight for this because _ reiterated. i'm going to fight for this because those - reiterated. i'm going to fight| for this because those greedy people — for this because those greedy people are making billions of dollars— people are making billions of dollars and they do not want to share _ dollars and they do not want to share and — dollars and they do not want to share and that is why we are out here _ share and that is why we are out here fighting for contract, and there _ out here fighting for contract, and there is more money on the 0ther— and there is more money on the other side — and there is more money on the other side of the contract with the container royalties and everything, and we are going to fight _ everything, and we are going to fight for— everything, and we are going to fight for it— everything, and we are going to fight for it and we are going to win — fight for it and we are going to win otherwise the sport will never— to win otherwise the sport will never open up again, from here to houston _ never open up again, from here to houston. i'm not playing games _ to houston. i'm not playing games. is to houston. i'm not playing names. , . , ~ games. is there any incentive for them? — games. is there any incentive for them? a _ games. is there any incentive for them? a container - games. is there any incentive for them? a container used l games. is there any incentive| for them? a container used to be 56,000 — for them? a container used to be $6,000 and _ for them? a container used to be $6,000 and then - for them? a container used to be $6,000 and then it - for them? a container used to be $6,000 and then it went i for them? a container used to | be $6,000 and then it went to 18, 20— be $6,000 and then it went to 18, 20 do. — be $6,000 and then it went to 18, 20 do, guess be $6,000 and then it went to 18,20 do, guess what they get how? _ 18,20 do, guess what they get now? right before the strike, they— now? right before the strike, they raised it, the greedy...

they— they raised it, the greedy... they get— they raised it, the greedy... they get 30,000 per container to ship— they get 30,000 per container to ship to — they get 30,000 per container to ship to the us, they put you and me — to ship to the us, they put you and me in— to ship to the us, they put you and me in it, into one container, that is 60,000 per container, _ container, that is 60,000 per container, and they want to cell— container, and they want to call us _ container, and they want to call us greedy? bring them to the table. president biden is going — the table. president biden is going after them and it is about_ going after them and it is about time they start putting tariffs — about time they start putting tariffs on them and let them know— tariffs on them and let them know they have got to pay taxes to come — know they have got to pay taxes to come here. machines do not pay taxes _ to come here. machines do not pay taxes. my people here pay taxes — pay taxes. my people here pay taxes. , taxes. cheering they take - taxes. cheering they take care i taxes. cheering they take care of taxes. cheering - they take care of the taxes. cheering _ they take care of the military and the — they take care of the military and the highways and bridges and the highways and bridges and the — and the highways and bridges and the roads, the machines do not do — and the roads, the machines do not do that, so why would you went — not do that, so why would you went to — not do that, so why would you want to let a foreign company come — want to let a foreign company come here and put in automation and ruin— come here and put in automation and ruin americanjobs? go after— and ruin americanjobs? go after those people, do not go after— after those people, do not go after my— after those people, do not go after my men. i'm tired of it. thank— after my men. i'm tired of it. thank you _ after my men. i'm tired of it. thank vom— after my men. i'm tired of it. thank you. fighting talk from the union _ thank you. fighting talk from the union president _ thank you. fighting talk from the union president but - thank you. fighting talk from the union president but he i the union president but he would not say where negotiations stand. the white

house do not want to use their authority to try and force both sides back to the negotiating table, and this is a difficult time, just a few weeks before the election. but what it means is that the cranes remain idle, they are a bright, containers are not being loaded and off—loaded onto container ships —— they are upright. off-loaded onto container ships -- they are upright.— -- they are upright. thanks for “oininu -- they are upright. thanks for joining us- _ let's move to the other side of the atlantic and in the republic of ireland the government has been laying out how it plans to spend the roughly $14 billion of back taxes it's getting from apple. the budget will be the last before an election is held early next year and gives the government the chance to spend the money it was forced to collect after europe s highest court found the tech giant's tax arrangement to be unlawful. john campbell is bbc northern ireland's economics & business editor

and joins us from the irish parliament in dublin. this is a nice problem for them to her. how are they going to spend the money? absolutely. the irish exchequer _ spend the money? absolutely. the irish exchequer is - spend the money? absolutely. the irish exchequer is awash i spend the money? absolutely. | the irish exchequer is awash in money at the moment and the finance minister was coming into budget day with a 25 billion euros budget surplus, and some of that is related to the money from apple, so this was the first set piece opportunity for the minister to lay out how he will spend that money and he emphasised it will not be used for tax cuts or public spending day today but it needs to be used to invest in infrastructure and he said there are known issues in irish infrastructure which need to be tackled in a thoughtful way. so, housing, transport, the water infrastructure and the electricity grid, so this money will not be spent immediately, most of it will not be touched this year or next, but it will be spent gradually with a focus on those particular issues. the

minister set up a special group in his department to look for the projects which are most deliverable and which will represent the best value for money and that will report in the early part of next year. this money came from the big tech giants who set up in ireland because of the tax arrangements but the eu said that was not lawful, so it has got the extra cash and i wonder what this says about the state of the irish economy but also the future of the tech firms in ireland if the tax rules have changed?— ireland if the tax rules have chanced? ., ., ., ,., changed? part of the reason the bud . et changed? part of the reason the budget surplus _ changed? part of the reason the budget surplus is _ changed? part of the reason the budget surplus is so _ changed? part of the reason the budget surplus is so big - changed? part of the reason the budget surplus is so big is - changed? part of the reason the budget surplus is so big is not . budget surplus is so big is not just because of the money from apple but also to do with the ongoing win for incorporation tax which is coming into the irish exchequer —— ongoing ongoing irish exchequer —— ongoing windfall. some adjustments have windfall. some adjustments have been made to the global been made to the global corporate tax rules and that corporate tax rules and that has benefited ireland in a way has benefited ireland in a way they were not supposed to, so they were not supposed to, so big companies like apple and big companies like apple and microsoft and pfizer, they are microsoft and pfizer, they are continuing to pay large amounts continuing to pay large amounts

of tax which is being treated of tax which is being treated as a windfall tax in ireland as a windfall tax in ireland and the government is putting and the government is putting that into a strategic national that into a strategic national investment fund because they investment fund because they realise at some point that realise at some point that money could disappear but for money could disappear but for now it is not going to now it is not going to disappear and the irish economy disappear and the irish economy is ticking along very nicely is ticking along very nicely partially thanks to this huge partially thanks to this huge windfall from apple and other windfall from apple and other companies. it companies. it windfall from apple and other windfall from apple and other companies-— windfall from apple and other comanies. , . . , companies. it is a nice problem companies-— windfall from apple and other comanies. , . . , companies. it is a nice problem to have. to have. companies. it is a nice problem to have- john — companies. it is a nice problem to have. john campbell, - companies. it is a nice problem to have. john campbell, thanks companies. it is a nice problem to have- john — companies. it is a nice problem to have. john campbell, - companies. it is a nice problem to have. john campbell, thanks forjoining us. to have. john campbell, thanks us. let's head to canada — let's head to canada — where, from today, a 100% where, from today, a 100% tarriff on chinese—made evs tarriff on chinese—made evs comes into force, in comes into force, in a move similar to those a move similar to those of the united states of the united states and european union. and european union. all of them are concerned that all of them are concerned that china's cheap cars are unfairly china's cheap cars are unfairly distorting the global distorting the global market for what is still market for what is still an emerging technology. an emerging technology. canada's international trade canada's international trade minister has told the bbc minister has told the bbc that she hopes her country that she hopes her country is not entering a trade is not entering a trade war with china. war with china. here's our business here's our business reporter, jonathanjosephs. reporter, jonathanjosephs. chinese car companies are chinese car companies are

producing and exporting record producing and exporting record numbers of electric vehicles. numbers of electric vehicles. they've had huge financial support from their government, which says canada's tariffs are against global trade rules. change more affordable. but canada's trade minister told me that's not enough. we know that china has an intentional, state directed policy of overcapacity. and that they generally don't meet the same labour and environmental standards as canadian producers do. so these tariffs are really a necessary measure to counter those practices that really distort competition. and i think what you're seeing in canada's decision is a decision that will ensure that we stand up for our workers and our manufacturers, and that we are building those evs of of the future and also

standing up forfair trade. as you will know, your critics will say these tariffs mean canadians will be paying more for electric vehicles and that it will therefore become harder for them to take this action that helps tackle climate change. what do you say in response? we have a very, very robust climate action plan here in canada. in fact, our government has put forward a plan where in canada by 2030 that we will have electric vehicles all across the country, and we've got incentives that are in place to help canadian consumers in the purchasing and the adoption of of electric vehicles. china has already started the process of retaliating against these tariffs. your canola oil producers look like they're in the firing line. can you afford to win a trade war against the world's second biggest economy? well, i hope that we're not entering a trade war. i mean, what i said this is about is making sure that we are countering

practices that are distortive in the global marketplace, but on the issue of canadian

in other news... eurozone inflation dropped to 1.8% last month. this has fallen below the european central bank s target for the first time in three years, and bolstering expectations of an interest rate cut at its next meeting. markets anticipate that the ecb will cut benchmark rates by a quarter point to 3.25% when it meets next on october 17. it follows reductions in borrowing costs in june and september. more than 900 samsung workers have been arrested by police in the southern indian state of tamil nadu. they've been accused of organising a street protest without permission as they demand higher wages and union recognition. their factory near chennai makes appliances including refrigerators, tvs and washing machines. the protests are being seen as a blow to the government's efforts to attract more foreign investment into india. qatar airways has announced plans to buy a 25% stake in virgin australia. the gulf airline has been trying to increase flights from australia —

but was blocked by the government last year. as part of the deal, virgin australia plans to launch flights from major australian cities to doha by 2025. the purchase is still subject to regulatory approval. stay with us here on bbc news.

you are watching bbc news. we will be live in the middle east for the very latest in a short moment but now we are going to talk about mexico. mexico is about to swear in their new president — the first female president in their hostory. let's speak to our central america correspondent will grant. this is a historic day. mexico's first female president, claudia sheinbaum,

she was the mayor