from canada, mexico and china. middle class as the government tries to shore up the world's third largest economy. hello and welcome to business today. i'm steve lai. our top story this monday — markets in asia are in the red after us president donald trump has on imports from mexico and canada. tax of 10%. he also implemented an additional 10% tariff into force on tuesday.

of 25% on american goods ranging from beer and wine to household appliances and sporting goods. with the world trade organization. peter mcguire from trading.com laid out what the possible economic fallout from this new trade war could look like. and to a lesser extent china — i think the countermove is going to be a tit—for—tat in the sense that mexico is looking at introducing substantial tariffs on us goods

tariffs. what do you make of china's response? they seem to be more reserved. 10%. and they come back to market tomorrow. it will be fascinating how they trade on this. but appreciating what is going on. is there enough details as to who and what is affected at the moment. interpreted by the market over the next 48 hours.

so it is wait and see where the sand lies mid week you have to say it has had and impact to the markets — strengthen considerably this morning. the us has imposed duty of 10% on canadian oil imports. out what is the plan c or the plan d.

while the flows from the north from canada and the south from mexico get reduced from some extent in the short term, can 0pec+ bring some back and give the crude to the us? season comes then we will face the impact because the us has not a small number. to tackle the prices.

into beyond a quarter into the summer season, then there will be really price impacts. tax breaks for india's struggling middle class annual budget presentation on saturday. priorities for the year ahead. the bbc�*s arunoday mukharji has more on what this means for asia's third—largest economy. india's middle class is expected to have a little more money in their pockets thanks to the tax breaks announced by the government. that is an increase of the earlier threshold ofaround $8,000. more careful about how much they spend and these tax breaks should help. a government spends

on infrastructure projects like roads, highways and ports, that seems to be on track it has been a major driver of india's economic growth over in boosting employment. in a country like india, whatever you may do, it may seem as inadequate given the size of the population internship programmes that were announced last year, they are taking shape as we speak right now, expenditure has been allocated, but let's see the performance. looking to boost output,

low—productivity areas will be to over $5500. but experts also say given the global headwinds the author of the elon musk biography says he will go too the author of the elon musk bit in iphy says he will go too the author of the elon musk bit in terms |ys he will go too the author of the elon musk bit in terms |y§ his will go too the author of the elon musk bit in terms |y§ his role go too the author of the elon musk bit in terms |y§ his role in too the author of the elon musk bit in terms |y§ his role in his far in terms of his role in his business empire and the us business smpire—sndths us he businsss smpire—sndths us he told the bbc government. he told the bbc that while musk has power us president to influence us president trump, he does not. he donald trump, he does not. he is on donald trump, he does not. he is i on the — donald trump, he does not. he: is on the tesla assembly is not on the tesla assembly lines fixing the way he lines fixing things the way he have two years ago. =—-:§ book, sureexactly 77 book, sure exactly how in my book, i sure exactly how he has an algorithm so that he

manufacture i manufacturei million can manufacture i million electric can manufacturei million electric vehicles when general can basically none. motors can do basically none. and, you pull him and, so, you pull him away from that. on the other hand, by = -: in the administration, being in the administration, whether it is a safety boa rd, or safety board, or the highway safety board, or the other regulatory agencies, he gets to barrel forward. i think gets to barrel’fdrward; ithink are gets to berrel’fdrward; ithink are valuing gets to barretfprward; ithink are valuing the company people are valuing the company partly as a tech which partly as a tech stock, which is what it is — it will be a stock that involves ai, robotics self—driving robotics and self—driving cars. can the man in the but can the richest man in the world avoid such from his of interest from his business empire to heading up and in 77’ iniéhfia’rgé " ' 7 w 77’ iniéhfia’rgé ”cutting” w being in charge of cutting spending? i being in charge of cutting sendin: ? ., �* 77 that 7 77 77 that accepting 77 77 that accepting limits think that accepting limits would be in the top 10,000 priorities. people push limits, he will break and as i he will break limits, and as i say, it is going to cause some

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years that you —— he can work somebody so musk will not a per donald be a profit per donald trump and donald trump does not like be a profit per donald trump ar share |ld trump does not like be a profit per donald trump ar share the 'rump does not like be a profit per donald trump ar share the 'rump doi so lot like be a profit per donald trump ar share the 'rump doi so this ke not 77 77n7o7t7b7e77 7 77 77 7no7t7b7e7the77 77 77n7o7t7b7e7 the7most 77 7n7o7t7b7e7 the7most but will not be the most stable but if i have to predict, it will last for about one year because both have kind of bonded they both have kind of bonded in a strong way and they both each77 other 7 each other because ggegezgeach other because trump does, as we have seen — z better or worse — to for better or worse — want to blow much of blow up much of the bureaucratic state in the states. �* ,, a' bureaucratic state in the states. �* ,, .,~ ., united states. and speaking of donald trump _ united states. and speaking of donald trump causing - united states. and speaking of donald trump causing chaos, l “one" tr'm�* greasing; �*le'sse , , ~ , , ,, , ~ , ,, �*on the “one" ts'm�* greasing; she'sse a a aa a a sa s aa a as �*on the currency “one" ts'm�* greasing; she'sse a a aa a a sa s aa a as �* on the currency has reminder on the currency has imposed on canada, mexico and china as well. there is an update on �* on how eu china as well. there is an updati will �* on how eu china as well. there is an updati will happen how eu china as well. there is an updati will happen according tariffs will happen according to trump and he has called the out of line 7 sham; hut" out of line but a 7 5.35} [if]; $5341" 77 7 5&5} [if]; $5341}; 7 eu out of line but a deal can be worked out. thank you forjoining me on

business bye for now.

hello and welcome to sportsday. by thrashing manchester city. wins a seventh world cyclocross title. hello and welcome to the programme. we're starting with football, and a fascinating day in the premier league including at arsenal where they stunned

5—1 to close in on leaders liverpool.