on the european union following his announcement of punishing levies on canada, mexico and china. meeting since brexit. live from london this is business today, i'm sally bundock. week has begun on global financial markets and investors are reacting to the flurry of tariffs announced

of oil has spiked and traders across europe and on wall street are braced for a turbulent day as investors rush to assess how the levies will affect america's biggest in his cross hairs. a $300 billion deficit. products, they take almost nothing, and we take everything from them —

millions of cars, tremendous imported from canada and mexico, except oil from canada where the tariff will be 10%. similar import duties on us products. organization. but trump says he will speak to canada and mexico's leaders canada's prime ministerjustin trudeau urged consumers

worth of american goods. on $125 billion worth of american products in 21 it's a very important trading relationship within the us mca.

——it�*s a very important trading relationship substantial impact on the price level, especially combined with the simultaneous additional ten percentage point when it totally wasn't unexpected, he said he would be he has said on his own social media platforms that there will be pain for americans in the short term.

tariffs in place for? because certainly for canada if it is some length of time, some economists are saying it could push canada into recession. i've seen estimates of somewhere between 1% and 3% you are looking at. of a percent lower by 2027 than it would be without the tariffs. so, what do you think it will take for president trump to lift these tariffs or change the tariffs? what is he looking for? we all know it is about, the deal is about the negotiation process.

manufacturing back to the united states, so having the costs of production in the united states would tariffs on them now. interesting to get that view, professor at the university of davis. of a broad trade war and the hit to global growth. no reaction on the markets

in mainland china though i asked justin urquhart—stewart — founder of the investment raising tariffs, as history tells us, actually really hurts economies. you economies. you are economies. you are putting all economies. you are putting tax on less a tax on trading, less transactions, less income, tra nsactions, lessrinceme, less and transactions, lessrincsms, lsss and it is transactions, lessrincsms. lsss and it is potentially transactions, lessrincsms, lsss and it is potentially transactions, lessrincsms. lsss and it could entially transactions, lessrincsms, lsss and it could also lly inflationary. lt cauld slss unemployment inflationary. lt caald alsa unemployment lower so there not investment, so there is not much there. is u-oin to is going to be bad news this is going to be bad news all the way and markets all the way around and markets will react, we have already seen some certainly currencies. there is one the currencies. there is fine of good but rather

bit of good news, but rather companies will take perverse, companies will take action to woo manufacturing into other countries. with china for example, when you had ta riffs j tariffs there, 5 tariffs there, you previous tariffs there, you sort to —— w7: =——t ~e vietnam and cambodia. but also we - mention _ vietnam and cambodia. but also we - mention china - vietnam and cambodia. but also we - mention china moved| we should mention china moved a lot of its to lot of its manufacturing to that would be mexico, thinking that would be aeee idea, but that has been from an angle as tram an angle as well. from an angle as well. yes, hit from an angle as well. yes, and so really — hit from an angle as well. yes, and so really what _ hit from an angle as well. yes, and so really what trump - hit from an angle as well. yes, and so really what trump will l hit from an angle as well. yes, an doing ally what trump will l hit from an angle as well. yes, an doing is ly what trump will l hit from an angle as well. yes, an doing is trying t trump will l hit from an angle as well. yes, an doing is trying t t make vill l hit from an angle as well. yes, i an doing is trying t t make sure be doing is trying to make sure that no one going to try and that no one is going to try and from this. far as benefit from this. as far as he's it is a us he's concerned, it is a us issue and he will do everything possible to make sure that he can improve trading situations :-== the ua tv z = the ua —— usa. tv the ua —— usa. but these to the ua —— usa. but these things on it. they things bounce back on it. they will be less trade going on, less goods being —ee thefamerican 77 the american economy purchased, the american economy will start to slow as 17-77 7 l 77 wh—ch well the global economy, which is already rather weak, is already looking rather weak, it is what we didn't so it is just what we didn't need this particular

so it is just what we didn't need thir try rticular mamenl . . so it is just what we didn't need thir try rticl reach meats . . so it is just what we didn't need thir try rticl reach an lnl . . we have to try and reach an agreement, and try to see agreement, and also try to see some sense, always some common sense, always difficult to find. _ n v�*what 7 " ”fiwhatthe w v�*what the ceos 7 w "theme ceos big wonder what the ceos of big companies are having think companies are having to think about because obviously they've got to plan for the long term, president trump is an office now for the next four years and they sort of thinking they are sort of thinking beyond because probably beyond that because some companies in the us some big companies in the us who have got in who have got manufacturing in canada, in mexico, like big canada, in mexico, like the big car—makers for example, will canada, in mexico, like the big car necessarily example, will canada, in mexico, like the big car necessarily bring ple, will canada, in mexico, like the big car necessarily bring that will not necessarily bring that will they, manufacturing home, will they, in the short term? he; manufacturing home, will they, in the short term?— in the short term? no, they won't, because _ in the short term? no, they won't, because they - in the short term? no, they won't, because they have i in the short term? no, they - won't, because they have made —— strategic 7 — they tegic 7 — they have an — to y have an — to enable an — to enablean trade e— 7 the countries the countries so between the three countries so goes directly against that some major strategic éfmmnfahé the? ee"l bf f ’ to eeeieienefians the? zei�*l bf ’ ” f to reverse it because don't want to shut down

you don't want to shut down a big investment, particularly when got car when you've got car going through a major change at the such a major change at the moment with electrification and �*suchissues �*such issues coming. there's a lot to take in. sir keir starmer is heading to brussels tojoin time a british prime minister has done so since brexit. starmer is heading over the english channel for talks meet nato secretary general mark rutte. and the european union. the prime minister has been to the german 77 and " garter " iandihad'this " iandihadrthis to 77 and had this to say

that does not involve a return to the european union, and i do believe it is in the eu's best interest, was prime at chequers, his speaking at chequers, his country residence he was country residence where he was —— e— ~ ., — ., ~ the german entertaining the german olaf scholz. general at the institute of export & international trade, and he said that

even though officially this meeting is about defence, trade and tariffs will isa is a important meeting and is latest in meeting and is the latest in a intensive campaign really intensive campaign by the present government to get a much closer relationship with = -: eu, to try and overcome the eu, to try and overcome some of those fairly significant frictions éjggificant frictions that exist trade sjggificant frictions that exist trade with eu and the uk. the eu and the uk. zeifige of tariffs from the eu and the uk; - of tariffs from- the eu and the uk; - of tariffs from the us, - threat of tariffs from the us, it is even more important, isn't it, the eu and uk m relationshi - im - roves relationshi- im-roves but what should it to what extent should it improve? because there is a lot pressure the prime of pressure on the prime minister to the uk back in mlgister to get the uk back in customs of m'giister to get the uk back in customs of the m'giister to get the uk back in cust they of the i if; . m'giister to get the uk back in cust they are of the i if; . m'giister to get the uk back in cust they are adamant if; . m'giister to get the uk back in cust they are adamant to 2 . m'giister to get the uk back in cust they are adamant to say . market, they are adamant to say ., not do market, they are adamant to say w not do that but what can talk about is food and they can talk about is food and animal products being traded

more freely, cooperation on energy, so what can we expect from these talks?— from these talks? if??? 77.7 secificall around as you said. the real 7 on things like trade “fig???“ em; “ww? l't�*é babe ' n probably at h�*heeh�*ehi hh fh'hee l't�*e “eee ' n probably at the 22-7: 22-2 27h is planned which is planned for summit which is planned for later in the spring. and there whole raft of issues to are a whole raft of issues to be discussed, as you said, but with to and drink, with regarcle'tofeeo and drink... between mth'regarcle'tofaeo and drink... between eu and the uk. also the o- -ortuni , and also the opportunity, the uk to sign a possibly, the uk to sign a convention, a pan— european mediterranean which the nations, eastern links the eu nations, eastern mediterranean and north africa, thatagainwill“ that again will help some fraction of some fraction of that martfimfffime fraction of that the fieertfimfffime traction at that the trading fieertfimfffime traction at that because :he trading fieertfimfffime traction at that because the :rading is blocs, because the reality is many uk businesses have from trade the withdrawn from trade with the eu there is a growing fear eu and there is a growing fear that a lot based 7 w will themselves

businesses will themselves �*from trading the -ee and at 77 and at a 77 and at a when we are the instability and facing the instability and uncertainty of the tariffs raj",- potentially being imposed by the us, it is really important the z z the uk . . the uk and z :the ukand eu . . the uk and eu have as that the uk and the eu have as friction trade as possible low friction trade as possible and have the possible and have the strongest possible relationship benefit relationship for theebehefit . e .. — ., 77 .u. — just relationship for theebehefit r e re r re ee rer r just of relationship for theebenefit r e re r re ee rer r just of our economies but notjust of our economies but also our consumers. the and uk, this is bbc

you are with business today, i am sally bun dock. the world's significance regulation of artificial intelligence systems which prohibits systems which provide unacceptable risk to health and

"e”enteh'e rie'ef. to health rane . f "f "f h f of "e”ehteh'e rie'ef. to health rahe . f "f "f h f of citizens safety of citizens and includes ban on al systems such as a ban on al systems such as scoring, recognition as facial recognition systems as well as a that any well as a requirement that any using ai in the eu must its: 77 its workers itsrworkevrs to its workers to use itszworkeérs to use the train its workers to use the technology safely. not, e the not, e 5 the new found not adhering to the new legislation could find —— face it is one of these moves with this european is to companies that signalling to companies that the time for experimenting is over, you need to face a system of the professional system of the systems otherwise we will find gstems otherwise we will find steeply, up to 70% —— 7% of a �*teeh' be to "w a, ?�*2(r of” — — —— annual turnover of a a�*eeh' be ta "w a, ?�*2(r of” — — —— annual turnover of 30 global annual turnover of 30 million euros, whatever is more, companies have been more, and companies have been

racing up until this deadline, up racing up until this deadline, up until friday we have seen a of movement in the market, of mm for ent in the market, of mm for global he market, of mm for global companies especially for global companies that have to stick to the ai act and other regulations. l’ll act and other regulations. i'll be riaht act and other regulations. i'll be right in saying that eu, be right in saying that the eu, when it comes to regulation of ai etc, etc the r rogrrre in terms of certainly, in terms of but there are fast certainly, in terms of and it there are fast certainly, in terms of and one ere are fast certainly, in terms of and one of: are fast certainly, in terms of and one of them ast certainly, in terms of and one of them ist followers and one of them is us, on federal level, the us, not on a federal level, but texas, and many but texas, california, and many other states, but texas, california, and many otherstates, more but texas, california, and many other states, more than 70 other states, more than 70 other states, more than 70 other states actually will have, should rather say more have, i should rather say more 70 other ai than 70 other ai regulations have been implemented in the eis -- have been implemented in the eis —— —— have been implemented in the eis -- -- the us. i have been implemented in the eis —— —— the us. i would say 7 the one goal that 7 the one goal that eu that the one goal that the eu wanted to reach mainly the effect of regulating brussels effect of regulating ai around globe and be in a ai around the globe and be in a front runner, that is suddenly

7 oir quesw 7 o7r ques7f reached. the other question of a company now is will a global company now is will it also them more competitive also make them more competitive in the ai race? the also make them more competitive in the ai race?— in the ai race? eafzzi 7% of ulobal in the ai race?§ i 7% of global annual- to tea of global annuai’reefnuf the is will 7 is will that happen? question'is will'that'happen? it is very difficult, isn't it? yes, it is, and certainly _ isn't it? yes, it is, and certainly the _ isn't it? yes, it is, and certainly the us - isn't it? yes, it is, and certainly the us has i isn't it? yes, it is, and i certainly the us has come isn't it? yes, it is, and - certainly the us has come up with a new the with a new structure, the so—called —— the eu has come up with a new structure which will police the but what we are police the act, but what we are seeing in the market is that the global companies, these fines arejust one the global companies, these fines are just one incentive. really what matters is can you really wrbatmatteresris can you so that govern their technology so that it brings you revenue, so that 7 -77 7 m7 77 ris7k7o77f7e7nd7ing 77 7 risk of ending in the h7 headlines with a cheque but thatis headlines with a cheque but that is at worst case making mistakes and costing you, in mgistgkes and costing'gour in of ngfikes and costing'gour in of both ngfikes and costing'gou. in of both credibility and terros ef berth credibilit'g aha ~ ~ ~ risk but also in 7—7 7 of really quite of really quite customer that 77 77 77777 77 77that7r7e7al7ly7777777777 77 77that7r7e7al7ly7i77s7777777 77 77tha7t7r7e7al7ly7i77s77t7h7e777 service, thatereall-j,l isrthe eerrr e r re that companies service, thatereall-i,l isrthe eerrr e r re that companies are thing that companies are looking out for, and there they

is blueprint and the fines are one incentive to adhere to it. the author of the elon musk biography has said and his role within the us government. walter isaacson says that while elon musk has extraordinary power to influence us president donald trump ? he only sees the bromance lasting around a year. business correspondent, for elon musk�*s business ventures: cuts both ways, and he not on the tesla lines fixing not on the tesla lines fheina—ee . .. r— the way he would ears 60. ears ao. in m been two years ago. in my book i show how he has an algorithm —7 he can manufacture a million

so he can manufacture a million electric vehicles general electricevehicles when general can basically do none. motors can basically do none. so, you pull away from that, on the other hand by being in the whether the administration, whether the national highway safety board �* the 77 �* the othef 7 7 �* the othef regulatory7 he gets to 7 he gets to b7arrel agencies, he gets to barrel forward. i think people are valuing the company, partly as a tax it is that a tax stock, it is stock that will ai, robotics and drivin- cars. 7777— 7_ w 7 �*dri man in7the world avoid big conflicts of interest hi7s ' 7 his business empire to from his business empire to heading up in charge of cutting spending? l government spending? no, i don't - that. _ government spending? no, i don't - that, if _ government spending? no, i don't - that, if. had i don't think that, if you had to list trades that elon musk list the trades that elon musk has, accepted limits would not be in the 10,000. is be in the top 10,000. he is going push limits, he is going to push limits, he is going to push limits, he is going to push limits, he is going to break limits, and it is going to cause some problems, but it is is also going to get some gains to set ffnnf things aanae had been a nation of

mgeghagfgegen a nation of and we became risk—takers and we became nations with more referees and risk—takers and we became natio guardrails re referees and risk—takers and we became natio guardrails than erees and 7 7777 7a7nd7 7 777 7 7777 7a7nd7 7 77 7be it 7a7nd7 7 7be itwill risk—takers and may be it will be interesting, i think he will go too far, he thinks he will go too far, he thinks he will go too far because he always says, if you haven't gone too far and have to scale back, it you haven't tried means you haven't tried hard so it is going to enough. so it is going to reverse this notion of have reverse this notion of we have a whole lot of guardrails and conflict , conflict rails. interesting, the author _ conflict rails. interesting, the author of _ conflict rails. interesting, the author of the - conflict rails. interesting, the author of the elon - conflict rails. interesting, i the author of the elon musk there. the co—founder and mike —— bill reeealed foundation has away under foundation has given away under billion. he also said he is $1 billion. he also said he is in favour of banning access to social media for under 16s. he has been talking to our media katie russell in

editor katie russell in what shaped brilliant seattle. what shaped brilliant but rebellious challenging bgtzrebellious challenging to become one of the child to become one of the czech pioneers of our age? we are meeting tech pioneers. we are meeting bill gates and his sisters on a visit to their childhood home visitto'their childhood home to find lt avisit'to’their chttdh- - - - . mm , avisit'to’their chttdh- - - - . in seattle to find out. it is a very nice — in seattle to find out. it is a very nice view. _ in seattle to find out. it is a very nice view. it _ in seattle to find out. it is a very nice view. it was - in seattle to find out. it is a very nice view. it was from | very nice view. it was from here that _ very nice view. it was from here that young _ very nice view. it was from here that young bill- very nice view. it was from here that young bill first . very nice view. it was from i here that young bill first got access to early , access to early computers. , resorting to extreme access to early computers. , resorti his o extreme measures access to early computers. , resorti his parentsre measures access to early computers. , resorti his parents backs. sures access to early computers. , resorti his parents backs. at es behind his parents backs. esieere i could sneak out, use computer, 7 computer, and computer, and sneak 77 computer, and sneak back in the computer; and sneak. back'in them knowing. the computer; and sneak. backrin them knowing. could you without them knowing. could you still do it? well, it is not hard.7 oh,77my. is7 777 hard.7 oh,77my. is 7not that hard. oh, my. it is not hard at all.— hard at all. that's it, he is out, hard at all. that's it, he is out. - he _ hard at all. that's it, he is out. - he is _ hard at all. that's it, he is out, - he is off- hard at all. that's it, he is out, - he is off to - hard at all. that's it, he is out, - he is off to find l hard at all. that's it, he isj out, - he is off to find a out, and he is off to find a computer. out, and he is off to find a computer-— out, and he is off to find a computer. that is amazing. that obsession _ computer. that is amazing. that obsession - computers - obsession with computers later led to set up microsoft obsession with computers later led schoolret up microsoft obsession with computers later led school friend viicrosoft obsession with computers later led school friend paulsoft obsession with computers later led school friend paul allan. with school friend paul ma“ �* he worries about children's

social 77 77s7ocial7media. l7 obsession with social media. i think this of holding think. this'idea'of'holding kids until say think this'idea'of'holding kids until say age 16 which that until say age 16 which apparently australia is 77-777 try to do 77 77 try to do that, 77 77 try to do that, i 77 77 try to do that, i think77 77 try to do that, ithink77it 7 to try to do that, i think it will be to see if is beneficial,77| 77 77 enchant i think 77 77 7is7ia71eficial77i think is i a good il,7i think is la good chance ik there is a good chance that thatis there is a good chance that that is a smart thing. did you to -la that is a smart thing. did you - to play - a - that is a smart thing. did you -to play-a lot- that is a smart thing. did you -to play-a lot ofl that is a smart thing. did you - to when - a lot of. that is a smart thing. did you - to when they l a lot of. that is a smart thing. did you - to when they were at of. that is a smart thing. did you i - to when they were children, heart. when they were children, were games of cards there were games of cards with their grandmother. gates credits her. in source code credits here ln source code; ~ ~~ he believes these days memoir, he believes these days he would probably be diagnosed on the spectrum. ihe he would probably be diagnosed on the - spectrum. on the autism spectrum. he was really nice- _ on the autism spectrum. he was really nice. he _ on the autism spectrum. he was really nice. he was _ on the autism spectrum. he was really nice. he was really - really nice. he was really different than me. he really nice. he was really different than me. m he would 7777_uld like sit his room "ar-“e' lee. ha a'a�* li'eza sit; .. ,, .. ”f . his room and pencil. in his room and chew pencil. down the lead. lt’s in his room and chew pencil. down i the lead.— in his room and chew pencil. down i the lead. -7 777the7 77 77 the modern day pros the7modern 7 7 7 77 the7modern day tech pros you. the modern day tech pros have been courting donald trump courting donald trump ahead of but gates has as well, he had a have been courting donald trump gates has as well, he but gates has as well, he had a three hour dinner a three hour dinner with a president ahead of the

ahead thee hf“? e'hhefehhe77 7777 7 777777777 7 inauguration. iiii president ahead of the inauguration.— president ahead of the inauguration. president ahead of the inauauration. , ., ., inauguration. if you want the us government _ inauguration. if you want the us government to _ inauguration. if you want the us government to be - inauguration. if you want the us government to be your i us government to be your partner in saving lives or whatever, you are probably wise to take that opportunity. so ou are to take that opportunity. so you are not cynical about their motives? you can be cynical. he is not impressed with trump is my pick for a health secretary, robert f kennedyjunior, who denies he is anti—vaxxer but repeat debunked claims about vaccine hamas.— repeat debunked claims about vaccine hamas. these taxis are savin: vaccine hamas. these taxis are saving millions _ vaccine hamas. these taxis are saving millions of _ vaccine hamas. these taxis are saving millions of lives, - vaccine hamas. these taxis are saving millions of lives, he - vaccine hamas. these taxis are saving millions of lives, he is i saving millions of lives, he is misleading people about that. that rail is a man who has made it his mission to give away his fortune to combat preventable diseases. he tells me, alongside philanthropist warren buffett, his foundation has now

alongside philanthropist warren buffett, his foundé ease as now alongside philanthropist warren buffett, his foundé ease with )w �*in i in house where it himself in the house where it started. katie russell, bbc all started. katie russell, bbc news, seattle. of the weekend with plenty of blue sky sunshine on offer but it is quite a mixed week of weather ahead. but this is the best of tonight, more weather fronts approaching the north west of scotland, blustery here, but across south—east england, east anglia, a touch of frost through the night.

possibly some rather large waves overtopping at times. brightness across eastern scotland, a nice slice of sunshine developing for wales, up through northern east anglia and south—east england, so the weather fronts eastwards, introducing some outbreaks of rain, some of our temperatures will even be in double figures. and eastwards, introducing chillierfeeling air behind it we'll to see a few w showers we'll start to see a few wintry

showers over higher ground but conditions up nicely they l’ngynnl ' " ' l’ngynnl lg; ' " ' l’ngynnl is an; here, they will be some sunshine, staying rather grey but staying mild for south—east england, this the colder air england, this is the colder air behind the cold front which will be clearing away as we had three tuesday night and into . we see three tuesday night and into w we see pressure wednesday. we see high pressure on the south and that set do star;r irrith set do star;r with us iior the is set do stay with us for the rest of the week but what rest of therweek butrwhat you really notice that the start to slip away. temperature start to slip away. cooler air marked in blue starting to push in and that will be with us as we head through the of the week so sat at 777775), if”? ”f ff: us by day by day and dropping temperature by day and also by night with overnight frost, but now.

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the uk is out of line, but i think that one can be worked but the european union is... partnership with the eu. of sexual assault. beyonce. beyonce finally wins album of the year at the grammys.

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