appears close to collapse. welcome to business today. and app store fees. those reports come from bloomberg and follow a range of trade barriers announced on tuesday by china. and the united states, prompted by president trump's here's the chinese foreign ministry this morning.

united states to stop politicising and weaponising china will take necessary measures to safeguard let's explore this more with rory green, good to have you here. give a sense right now of what is going because from both seine en; emebm�*q'fl [with , ~ ~ , it is posturing, isn't sides it is posturing, isn't it? it is a bit about business and economics, but it is more politics. what can be read into petitics.i.a!hatcan be read into response we have on side? each side? right. a lot of this is exactly right. a lot of this is about the politics and the domestic the us comes in with framing. the'fiscdmes in with on china, tariffs on china, and beijfig if, to tariffs on china, and beijing , , to respond otherwise it weak, 7 -7 if audience. we have had range of measures around

a range of measures around google and apple, tariffs on a a range of measures around gooi narrow apple, tariffs on a a range of measures around gooi narrow section ariffs on a a range of measures around gooi narrow section of ffs on a a range of measures around gooi narrow section of chinese very narrow section of chinese from the us, and also a imports from the us, and also a �* hints at few hints at perhaps restrictions on chinese commodity exports. but overall, these responses from china have mm m -re weak and the -re weekend the are escalator read in any net escalatel reaeir�*. aw we net escalatel reaair�*. aw we can "let escalate! reaaie ate! we can take it that means. we can take it that beijing is looking a deal, beijing is looking for a deal, or at least looking avoid or at least looking to avoid more coming from = -: = m: = 2-17, % because e because it lgoking for a deal. because it quite reliant on the us as a is quite reliant art the la'sa as a trading is quite rsliant sf: ths ls'ss as a trading partner. key traclirld partner. lklhatelae! — r— . ~ r”!!— sides key traclirlq partner. til/hatete! — r— . ~ r”!!— sides about how both sides say about how they want to independent they want to be, they want to focus on domestic theyzwzant to focus on domestic and put their own demand and put their own interests first, the reality is interests first; the reality is they need each other. that they need each other. completely. china provides very “fih's�*s' {hi-ea “m�*s“ s“ ~ ”as”, ' ' ,, ' goods for the us, a low—cost goods for the us, a big for the consumer, and big boon for the consumer, and china is more

domestically'china'is'nowmore on domestically'china'is'nowmor'e on it domestically'china'is'nowmore on it was et the first war 77th7e7firs7t7 7 7 7 after 77 77th7e7firs7t7 7 7 7 7war7backin 77 the second half the 2917. the second half of the year, 291.7. the second half of the year, exports 2917. the second half of the year, exports drove 7 - rowth. it growth. it is 7 growth. it is dependent efiifiéé effifiifi; lf. lg. fiéééfifiéfit trade at the moment as it on trade at the moment as it suffers from a property crisis weak consumption. so this and weak consumption. so this trade war is good trade war is not good for either side, trade war is not good for eitherside, but trade war is not good for either side, but china is either side, but chieais 7” a, a e vulnerable at this particularly vulnerable at this moment. ~ �* ., moment. we're looking at of like moment. we're looking at - of- like cars e'tt�*jf§§ §f “ww? l'eze tat? technology, e'tt�*jfee ef th'hee l'ee tat? technology, and e'tt�*jfee ef “wig? l'ee tat? technology, and that e'tt�*jfee ef eh'hse l'ee tat? technology, and that the and technology, and that is the image china wants to 7to 7 to the 77 to the world, that it portray to the world, that it is a leader in the sort of is a leader in that at but it is a leader in thssnt at but it is also leading fa7shion 77 fa7shion and 77 fa7shion and cheap 77 fa7shion and cheap items77 fa7shion and cheap items7as that the postal: the postal service united states postal service suspend any packages will suspend any packages coming from hong kong or china. that one is aimed at things like cheap retailers, like the cheap retailers, saying they will aim at the big

stuff and the little stuff. salt?“ the little stuff, it stuffjgnd the little stuff, it is targeting those stuffjgnd the little stuff, you 5 targeting those stuffjgnd the little stuff, you mentioned, hose stuffjgnd the little stuff, you mentioned, and groups you mentioned. and that is a massive benefit for ssss s 777au777°77f77 ss ss s s allofthese 7 7 7all7of7th7es7e7 products emasens ell sf these aredacts " ~ ' ' ' " available on emasehs ell sf these aredacts " ~ ' ' ' " available on amazon but at higher price, and the chinese have been us tariff 77 loophole within us tariff regulation ship things in regulation to ship things in through usps and other postal providers, and by closing that 7—7 7 it favour loophole, it shifts favour to amazon and its ability back to amazon and its network. so closing logistics network. so closing loopholes and loopholes at the low-end and more broadly across the loopholes at the low-end and m base. )adly across the loopholes at the low-end and m base. itdly across the loopholes at the lowa'endamt - m base.-ss the| loopholes at the lowa'endamt - m export base. lt sheets beef 7, ' ’ this export base. lt sheets beef *' ' ’ this miaht export base. lt sheets heet *' ' ’ this miaht net, tha7nk thank you. 7 7 businesses are grappling

with how to react to a new — more hostile — trade environment. trade relationship with the uk as "out of line", a british government spokesperson said that good to have you here. is that a fair assessment? how would describe the trade you describe the trade relationship between the uk and us? �* , s , the us? it's excellent, very sophisticated. _ the us? it's excellent, very sophisticated. we - the us? it's excellent, very sophisticated. we are - the us? it's excellent, very sophisticated. we are both | the us? it's excellent, very i sophisticated. we are both big economies, big service economies, big financial, tech and and there 77 and there is77a economies, and there is a of flow of whether 77 7 7whetherfi7na7r7icial7 whether financial or trade, whether financial or services or between the services or goods between the uk and the us, and we are very —— -7 trade in the 7 trade in the open 7 proopen trade in the open so is reason system, so there is no reason we get into a that we should get into a tariff wall. we

and a big opportunil? and a big opportunityt here do, and a big opportunity here is to to donald trump's is to appeal to donald trump's business and focus on big over which the big opportunity, over which are a number, which are for grabs forgrabs in improving for grabs in improving trade up fer grabs in impreeihe trade for across geverall fer everybedy acressrr ' ~ 7 7 ~ whole global system, but the whole global system, but also for the us businesses. we about those will talk about those in a second. is a that the uk there a potential that the uk up there a potential that the uk up in all of that. big spat big spot is going on between a big spat is going on between the us and china, and also with canada and mexico, its partners. the 7777 partners. the uk 7777 partners. the uk c77o77uld traeiha be’eee’ec'ie—e {ji’eea'd ' ~ collateral damage be cellstfiers. es’ms’g’efhere. it? be icelletfite�*aima’g’e’herei it? , be eelletfite�*eime’g’eherei it? , s, , s, couldn't it? there is always a i don't couldn't it? there is always a - i don't think— couldn't it? there is always a - i don't think that's - risk. i don't think that's likely to happen. the is very good, the relationship is very good, the the eu is good and improving, but we very good and improving, but we independent �* both of so we an interesting them. so we play an interesting role between big trade role between the big trade blocs. government and the minister are a

prime minister are doing a good job of navigating the space and not getting caught up in direct battles on tariffs. are battles on tariffs. where are those opportunities? - battles on tariffs. where are those opportunities? where | uk out here? the uk stand out here? the big economic opportunities - the uk stand out here? the big economic opportunities in - the uk stand out here? the big| economic opportunities in trade are twofold. first of all, _7 there is a $10 trillion opportunity up for grabs by simply and 7 the trade us 7 7777us7a7nd77777 7 7 7 7 7777l7js7a7nd7u7k77 7 7 7 7 7 us and uk are 7 us and uk are positioned to tee lsie eee lsie efe eeeeieeee ee lead that drive across the help lead that drive across the whole global system, including deployment 7 77 deployment of 7 77 whole trading across the whole trading to make trades ecosystem, to make trades cheaper, faster and simpler for wins from everybody. everybody wins from that. the big isa isol? is a z? triiiiiion opportunity is a 2.7 trillion chance to improve access to finance for small businesses. finance fer smell businesfses *"""*”"””"”"* do finance fer small businesses ' ' ' do that, we finance fer small busmesses ' ' ' do that, we have to shake up to do that, we have to shake up the regular —— shake up the system. and the

7 are positioned 77 are positioned lead and ljsare positioned to lead process and isjsare positioned to lead process globally. but that process globallys but we to to donald have to appeal to donald trump's business that trump's business-acumen; that a real opportunity. tariff is a real opportunity. tariff wars, nobody wins, there wars, nobody wins, but there are real things that are real things here that would appeal to him and benefit us businesses, win. watch this space. thank you. grateful— win. watch this space. thank you. grateful for _ win. watch this space. thank you. grateful for your - win. watch this space. thank you. grateful for your time. | after reports its strategic partnership with honda has been abandoned. with some background on what happened there, here's mariko 0i. many people were wondering how they would come to an agreement because honda's market cap

is more than five times because they want to benefit from it as well, which may have added to their challenge. third biggest car—maker by sales, with its bigger rival, and, as you mentioned, while honda shares rising by more than 8%. so, in short, honda investors just didn't think that this merger would be positive for the company, because nissan has been really struggling financially. what are the that we are going to buy this year? here is spencer.

understated, it is not. across tlheerstated t=cet eeress' ~ ~ ~ sprawling endorstatedcitishets eeressrrr ~ ~ sprawling halls and the giant, sprawling halls and extended spaces and yojec: effesfs you will find all showrooms, you will find all the new tech �*your home, the new tech for your home, face, lap stomach. phone, face. lap and stomachs future gazing phone, face. lap and stomach. future gazing to and enough future gazing to make your head spin. are names, small start—ups, and 77 the7 7 77 the or 5 77 the 7 or ts't'ttrying one—man band, or robot, trying to their wares. to sell their wares. ronin, everybody. to sell their wares. ronin, eve bod . , read ronin, everybody. this guy made this costume. _ read ronin, everybody. this guy made this costume. what - read ronin, everybody. this guy made this costume. what i - read ronin, everybody. this guy made this costume. what i do i a ..s;sli;li.nsgsss.s s. . ss w, 777e7livi7n7g7as777 77 77 777e7livi7n7g7as7i7 77 77 777:a7livi7n7g7a7s7i7ma7ke77 77 a living as i make mascots. for a living as i make mascots. would you sell ha7s has enough money. is making77 a everyone is making a noise about something. ces is an on the senses, really is. it can be

senses, it really is. it can be hard to know which to look senses, it really is. it can be he find know which to look senses, it really is. it can be he find the m which to look senses, it really is. it can be he find the nextiich to look senses, it really is. it can be he find the next big to look senses, it really is. it can be he find the next big thing, look to find the next big thing, seeing as that big especially seeing as that big thing could actually be quite small. let's play. there's plenty �* new year here, and i have to say a few up ces more few things semis ubceerflere ' " ' ” two in suits ina pr simulator. wearing tactile suit, i i'm wearing a tactile suit, i can feel what happens in the through vibrations here in 7 in these7 in these sleeves. 7 in these7 sleeves. and 7 in these7sleeves. and on and in these sleeves; and eh ~ w visor, if i get the visor, which means if i get hit in the i will know hit in the head, i will know about it. yeah, i can feel abogt it. yeah. i can feel in my face! that. in my face! as the as usual. the biggestane ~ ~ ~ ~ displays here were brightest displays here were made of displays, with a big

emphasis this year on oh led which7 which can which7 can be screens. which can be transparent, very and transparent, very thin, and very flexible. and world's very flexible. and the world's biggest �* of them biggest manufacturer'of them where they thought bend abiiiiti; bend obiiitst take bend abiiiif? take us the future. dog is i"; the flftlfre. this a" here is its foot in the flftlfre. 1;'his a" here is its foot down and putting its feet deweand e .... s... s s no, they are very saying. no. they are very — ~— ~ — you. ou are, conclusive -roof there you are, conclusive proof that your foldable phone can survive a kick from a robot i hope that answers your dog. i hope that answers your question. spencer in las vegas is your business today. that is your business today. see you very soon.

i'm hugh ferris. be attended by a sitting us president,

with donald trump making the trip to new orleans on sunday for the kansas city chiefs killed 11i people, has been closed off to traffic only current vice presidents have attended the nfl championship game in the past. the super bowl is a major event. as far as the united event. asfatas the llnited is it is states is concerned, it is considered the highest of in the 77 in the untted states. security in the’b'nited states. the event that git! on jonuory onjonuory �*ist on jonuory �*ist was happened on january the 1st was outside of the window of the bowl, so that was local super bowl, so that was a local security and not a security issue and not a national issue. the ggtiopgl issue. the federal government under security government under president and president

t theyhave landed 77 they have landed us trump, they have landed us tremendous resources to harden it.