welcome to business today. and another tariff salvo from the us president. of rhetoric in the trade war that — he claims — will stop america from being "taken advantage of". he has warned that any country which taxes us goods will face tomorrow or wednesday. before that though — today the president plans into the united states — on top of existing taxes. despite uncertainty over whether mr trump will follow well — the latest threat comes

as trade tensions ramp goods worth $14 billion a year. the chinese move though is limited in scope. compare that to the $450 billion worth of chinese goods that will be subject to us tariffs ever year — according to research by capital economics. to ta ke to take you back, there have been two latest announcements donald trump it comes f-—— 7 trade, the first j trade, the first being a to trade, the first being a plan to announce a 25% tariff

m ,.z : sffjngzgzeé ”14mgf’s’tggr ” on all imports of steel and aluminium into the us from all mexico and countries including mexico and canada. he will be signing an executive order on that at 1pm eastern time today. the levies be in z:— to existing duties and addition to existing duties and we know when they will into second is reciprocal announcement is reciprocal tariffs on all us goods that are taxed. this could come as soon this week and trump soon as this week and trump says they will enacted says they will be enacted almost immediately. markets almost immediately. the markets are in stride are taking this news in stride so far, us stocks in se far. lls stacks rising—in. . ~ , �*steel aluminium particular steel and aluminium makers. rising off the of makers. rising off the back of that. while this news could z stocks 5 stocks fall stocks an]? 352k; fall,flitis ' over whether trump follow 7 77fo7llow7through777 77 7 7 follow7through the -mz| threats, it could be like with canada and mexico he canada and mexico when he announces them and then entree meee them end then peeeee although

entree heee them ehd theh peeeee although we did entree treee them etre thetr eeeeee although we did see him them. although we did see him follow through those follow through with those 10% levies on china. as far as the levies on china. as fer es the is concerned, lot of market isiconcerned. a lot of so wall street is looking past it for now. thank ou. if this was to take effect and be long lasting, what effect he tehg testing; whet—effest— ~ , ., it lee tens testinge whet—effeet— ~ ——— ~ see...” it ~ will have immediately, it will have implications when it comes to job losses and the price of goods on both sides of the aeeee ehheth'eieee fiftht ' m 7 if aeeee ehheth'eieee fiftht ' m if you imagine, integrated our economies are, $1.3 trillion of goods moves the border year. through the border every year. what that means is if for whet thet meene is'thet if fer a vehicle may cross

example, a vehicle may cross the border up eight times the herder en te eightrtimesr being finalised. before being finalised. the same is true for aluminium and steel where some of these component parts are things like fore, :-—: ore, will come from and then processin- in and the7n happens in another and then refining into the final product happen in another country. z ——2 is why on sides of that is why on both sides of the families are the border, families are bracing to �*the news about ereeihg te heer theeeee’eheet’ ”" ’ �*this is real. the chaos causes this on off that causes this on and off war with is trade war with canada is unnerving. trade war with canada is unnerving- _ trade war with canada is unnerving. on ' er unnerving. §%§e on --aer but unnerving; - on paper but may i unnerving; - on paper but may be a sense on paper but may be a deal can be reached and what look or on trade donald trump intent on a trade war and is there something else gain from is the 77 is the 7 it this is the question. it doesn't make sense on paper, this is how our have grown over the

economies have grown over the past 100 years. in fact, some 27:2 the steel producers of the steel producers the the producers have plants :-=: based in canada, the 77777wit7h777 7 77 7 with aluminium. 7 with aluminium. we can't game with aluminium. we can't certain where this is headed be certain where this is headed but the last time they were terrace raised by trump in the first administration, canada and mexico were able to get exceptions. and mexico were able to get exceptions-_ z if it does not is 7|s going 7777i7sgoin7g7t7o is going to happen 77 is going to happen to whet isgeingteheppeete the of things? what isrgoingrtorhappen't , what isrgoingtorhappefi'tethe of things? cost of things? if you are drinking _ cost of things? if you are drinking from _ cost of things? if you are drinking from a - can, | cost of things? if you are - drinking from a - can, that drinking from a pop can, that will cost more. if you are ordering parts for your �*or will cost more. if you are ordering par' new your �*or will cost more. if you are ordering par' new car, �* �*or will cost more. if you are ordering par' new car, thator purchasing a new car, that price will go up. and a whole price mettgoepeande whete of components. rebar that bench ef cempenents;retrerthet needed bench ef cempenents:reberthet neededin bench ef cempenents:reberthet needed in construction, roads, hospitals7, bridges, roads, hospitals, schools and any kind of large building depend on this kind

the price of steel. the price of construction also construction will also on artificial intelligence. among those attending are us vice presidentjd vance, the indian prime minister narendra modi, and china's vice premier ding xuexiang the summit was officially opened by preident macron�*s special envoy, the ai researcher anne bouvero. openness, encouraging more countries to participate iamjoined by i am joined by the global in paris. can the

co—chair in paris. what can the summit change or in co—chair in paris. what can the sun fast—moving r in co—chair in paris. what can the sun fast—moving world in co—chair in paris. what can the sun fast—moving world of in co—chair in paris. what can the sun fast—moving world of i i this fast—moving world of ai. i was talking to one wesrtetkihgr—terehe chinese and she wesrtetkingr—terene chinese and she is investor and she said she is not saying less talk not attending, saying less talk more action can be more and more action can be more effective. i and more action can be more effective-— effective. i completely agree that there — effective. i completely agree that there is _ effective. i completely agree that there is a _ effective. i completely agree that there is a lot _ effective. i completely agree that there is a lot of - effective. i completely agree that there is a lot of talk - that there is a lot of talk that there is a lot of talk that goes on, but we thetgeeseen, bet we expect e of we theteeeseen, bet we expect e of we have lot of announcements. we have already had so already had se many . ahead of the announcements ahead of the summit, we had present macron announcing the hundred enneencing the'hendred'mit�*tien investment, and also eere investment; end etse out deepfakes on putting out deepfakes on instagram to start the !nste5rem te start the risk ai we 7 7 77 77 7 we expecta lot 77t7al7k7but7 7 77 talk7but7a7l7so77 7 77 talk7but7a7l7so7s70m7e7 7 77 7 talk but also some action, i of talk but also some action, i wouldn't say it will weeldn't sey—itrwitt chenge but we expect some immediately but we expect some to be made. a lot of work packs to be made. a lot of work and safety agreement, safety that countries would to. a question of whether agree to. a question of whether the us would sign up to learn l7e7arn7777 7 7 77 77w7rr7r777 will learn whether that will happen. there will also be happenelhereewitt atse be that aren't

conversations that aren't on the public stages, happening on the public stages, between industry leaders and = -= countries, civil societies in academia. i think a lot will happen here, it may not all make it to the press immediately we will see immediately but we will see things come out of the summit things come eet ef thesemmit will change the way we thet willrchenge'the—wey we at al for the foreseeable future. i know that it is something _ future. i know that it is something that - future. i know that it is something that you - future. i know that it is l something that you look future. i know that it is - something that you look into in detail, we have the eu ai act but flees; have donald trump but you also have donald trump releasing the brakes on 7 one one wants regulation. one wants but there are innovations but there are safety features that are necessary too. what passes were at the moment? trading at the moment? the world is in — trading at the moment? the world is in a _ trading at the moment? tie world is in a competitive war. donald trump gotten rid of 77 'lrg-'rp’rggur;£r§n’,"’ 7 7 77 77 big—7ip7regulati;n,77he7 7 77 77 big—ip7regulati§n,77h7e7wants the big—in regulation; he wants . . , , entire administration to the entire administration to look at all policies and ensure that it look at all policies and ensure thatitis look at all policies and ensure that it is helping the us have global ai dominance. the eu has

had the eu act r-oin had the eu act going to already had the eu act geing te prohibiting certain z: -: but you have europe practices. but you have europe 7 we want to compete in 7 77 too. 77 too. there's a innevatien tee. there's a e, . 7... w e e e lloin innevatien tee. there's a , we, , t e e e going on in innevatien tee. there's a r reer r re e e e going on in regulation battle going on in regulation and administration is doing what they think is best. it whet they/think: is best. it fully brakes off but isn't fetty brakes effrbete . a isn't fetty brakes effbetr rrrrerrrerrrre there is a redirection. you mentioned _ there is a redirection. you | mentioned _ how there is a redirection. you - mentioned _ how is mentioned innovation. how is unexpected rise deepseek�*s unexpected rise empowering smaller players deepseek�*s unexpected rise empr is ering smaller players and rr rr r r. . .. deepseek�*s unexpected rise empr is beyond |aller players and rr rr r .. . .. deepseek�*s unexpected rise empr is beyond chat' players and rr rr r ., . .. deepseek�*s unexpected rise empr is beyond chat bots ers and .. ,, . .. . .. deepseek�*s unexpected rise empr is beyond chat bots that nd rr rr r r. . .. what is beyond chat botsthal,., can forward consumers can look forward to? deepseek is the of an source a geek, open source model, as a geek, deebseek. example open 7 7 model 7 ”"””"r;r;,agn;atr’ng 7 7 7 model making it7to = -: that is thing that see and we we see and we expect there to be more. those who not be more. those who may not have the propriety investments may use open source model to use open source model is to tweak... deepseek and other

models do different things to chat bots. a lot of things i like reasonings, why things happened, looking through ghappened, looking through to figure out if a documents to figure out if a certain is there. there is lot of uses for al a lot of different uses for al from chat bots and apart from chat bots and deepseek another example. deepseek is another example. great to have you on the show. thank you. uk farmers have been staging another protest against changes to inheritance tax rules. on the government to keep existing tax exemptions for working farms. small family businesses. a concern shared by food and farming analyst sean rickard. of focus we should have on food production.

a food—production policy. and we hear relatively little about output. if we had were to adopt technologies available to us. we more food with we could produce more food with the aid of technology. unfortunately, we are almost unfortenetely, we ere etmest on those opportunities. silent on those opportunities. we see no progress, any meaningful progress in rest 77 rest of the direction. the rest of the world is pulling ahead. what we ngd is pulling ahead. what we is a government that says need is a government that says british is part of british agriculture is part of the food industry, the british agriculture is part of the hasd industry, the british agriculture is part of the has much stry, the british agriculture is part of the has much to y, the british agriculture is part of the has much to offer: british agriculture is part of the has much to offer this industry has much to offer this country, can help us with our

industry has much to offer this country for n help us with our industry has much to offer this country for growth. ; with our industry has much to offer this country for growth. we th our industry has much to offer this country for growth. we are ur £75 7 to foc7us to focus on 77 to foc7us on that. that is all the business news for now. you can keep up with news on the website and the the news on the website and the bbc stay with us here the news on the website and the bb bbc stay with us here the news on the website and the bb bbc news. stay with us here

straight to breaking news from westminster. the burnley mp oliver ryan has been suspended by the labour party over the of77 ofa of a whatsapp group membership of a whatsapp group containing offensive comments. there he we knew that he meeting chief whip of was meeting the chief whip of the labour party, the person in charge of party discipline.

those meetings have been going on, keir starmer has repeatedly said that the labour party would react swiftly against any behezriaur. that news behazriaur. that hears that bad behaviour. that news that he has suspended by �* his 7 �* his of 7 �* his of that ie’ n e mggoup group which contained many offensive comments, you so many offensive comments, you may remember over the weekend maygremember over the weekend was another sacking of there was another sacking of there was another sacking of the health andrew gwyn, the health minister. he was sacked as a result of sending offensive that another in 777777i7n7t77h7e777 7 7 777777in7th7e77day7777777 777777i7n7t7h7e77day said 7 7 7 7 7in7t7h7e77day 7s7a7id tifit telkingr'n thedey said that felt and talkingr'n theday said that felt and astonished she felt queasy and astonished after seeing messages. they after seeing his messages. they certainly a their certainly have a turned their attention certainly have a turned their attentio he “es“ , a certainly have a turned their attentio he sent “es“ , a certainly have a turned their attentio he sent offensive , a because he sent offensive messages and pushed back on those messages from any of those messages from others. he put out an apology but the at that making7 77 making 7that 77 making 7that decision about

-m watson, our political