donald trump imposes controversial new tariffs some aluminum and steel and wall street plunges after the announcement we'll take a look at what's next. and as the mobile world congress comes to an end in barcelona we'll show you how lightning fast five g. mobile networks will change the way we see what's real and what's not. it's time for business on the w. i'm why you got to get us it's good to have you with us u.s. president donald trump has announced new tariffs against steel and aluminum imports which he says will be made official next week the plan is to levy a twenty five percent charge in steel and ten percent on aluminum for weeks internal wrangling within the white house still link this decision. still made in china a thorn in donald trump's side for months he's threatened to increase tariffs against chinese imports against european ones too but now the time for talk is over at the

end of a meeting with steel and aluminum producers he announced the planned levies we have . the biggest steel company. that used to go up bigger. but they got to be a lot bigger again. we have the big companies in the. very unfairly treated by policy trade deals by other countries horribly treated by. trump's primary target is china due to its massive overproduction of steel and aluminum which drives down global prices flooding markets with cheap products this would affect german metals exporters their industry association calling for the e.u. to strike back with counter measures. we certainly are about to see a lot of reactions there let's analyze them with our financial correspondent on wall street call to yes we saw some sharp losses on wall street directly after the

announcement so clearly the markets are not taking this very well. well wall street obviously got caught off guard with this announcement yes there has been talk about terrorists for quite some time but investors obviously did not expect some action and then also those tariffs a steeper as a lot of experts have expected we did see steel stocks for example with a huge increase but more companies use steel or companies producing those and that's why overall we saw some big declines at the low of the day blue chips lost almost six hundred points oh yes the reaction is quite intense considering what's really at stake is this only about possibly having higher prices for aluminum and steel you're right i mean first to

a couple of years or decades ago and then also a lot of companies here in the u.s. they use the mystic steel or aluminum anyhow but there is this concern of inflation and we had higher tariffs on limber and tom for example from canada a year ago now we have still a medium so that's what's next so there is this overall fear that we might see more protectionism for this government and this is one of the main reasons why we saw this broad sell off here on wall street it's called i will keep following this story with you thank you very much it was a day. back to europe now where you know that you citizens can travel freely between one country and another and they can also work in any country without restrictions so far so good but there's one problem workers can get paid different wages even if they are doing the same work in the same country and e.u. workers directive wants to prevent what is essentially wage dumping but that's

easier said than done which is why there's been a heated debate between eastern and western european countries now brussels is taking action. with their own building sites in the freight sector over and caring professions hundreds of thousands of eastern europeans head to rich western european countries will work their contracts don't have to stick to the host countries pay rates making them lay the cheap it's long been an issue in countries like germany and france now brussels has reached initial agreement on tightening the rules. at the heart of our proposal is the principle of equal pay for equal work at the same place and we now confirm this principle in legislation this directly responds to the concerns of many citizens the agreements opens a new phase for fair degree lucian of the internal markets our single market works for goods and services as capital it should also work for people. in future workers

from pora e.u. countries will earn the same as their native colleagues contracts will be limited to fifteen months and attempts to curb wage dumping but employing eastern europeans will still be the inexpensive option for one workers will still have access to state insurance back home which is often cheaper than in wealthier countries that's a compromise for years eastern european countries have staunchly opposed restrictions keen to retain their competitive advantage thursday's decision has to pass through several committees before being finalized later this summer. the mobile world congress in barcelona came to an end today it's the biggest fear for moral communication the buzzword this year was five g. the newest generation of mobile networks promoters say that enabling ultra fast transmission of large quantities of data will rapidly transform our lives the

minute we go outside. the click on the up front is not long to wait before the electric car comes rolling along. just to be on the safe side b.m.w.'s driver sits in the front passenger seat. the driver's seat remains empty the whole time. passengers in the back seats can use a display to do things like sound the horn or even stop the car of the german or to make a once its first driverless model on the road by twenty twenty one. but almost entirely autonomous vehicle. in the demo showcase which we've put on at the mobile world congress to see also navigate using a digital map we've made of the exhibition ground. in practice it takes the latest five g. mobile technology to enable autonomous driving at the recent south korea winter

olympics korea telecom set up the world's first public five g. network. in barcelona it's launched a five g. virtual reality game. for technology transfers gigantic data volumes from the player's vests where the response time from only ten milliseconds. we the five g. is more what's a faster than four g. twenty times twenty times or more and we can reduce the lights and see on a result take just take a step but not as you called to be at work or you don't have to way or go heavy equipment and i say it's a totally why less mobile data networks are the hot topic in barcelona this year the number of networked gadgets is expected to grow rapidly from twenty twenty on along with the attendant risks i think five g. represents an opportunity it's going to signal the entrance of mochi all devices

that are literally going to revolutionize the way that we live the way that we work every component of our lives is going to be impacted and i think what that also represents is potential risk as well because you know things like driverless cars i mean a remote healthcare and so forth security and privacy are going to be literally be number one question that we'll be it's more than just a game it's a serious matter of evaluating and minimizing the potentially disastrous risks of a new technology that will be rolled out within the next two years. and on two other risks now countries in africa have been fighting the so-called fall army warm for two years now the insect has damaged cornfields and forty four of the fifty four nations on the continent there are guidelines to fighting the war but most of the countries can't afford the pesticides kate they're there as one of them. they're not that big and don't look particularly threatening. but these little monsters can destroy livelihoods throughout entire

regions for loamy worm is a glutton for corn and corn is africa's staking food analysts say the worm has devastated over half of this year's crop costing farmers billions what if we put it in sacks we'd have less than ten sacks of maize you can work out the last thing a kilo of maize is worth one dollar fifty and. most cape verde farmers don't even have enough seeds to plant next year's crop now even the oldest among them have never seen an infestation like this there's some experience of a domestic species of army worm but it wasn't nearly as rapacious. being trained and i warned the people who called on me to check that we were definitely dealing with the fall army were. introduced accidentally to africa the fall army worm thrives on corn it's favorite food the female lays hundreds of eggs after hatching

the caterpillars eat their way right through the plant when they hated the adult flies on to another field in the process repeats combating the pest is difficult. when it needs a two pronged approach one of them is biological control resorting to natural enemies that we're going to introduce in a second stage chemical control are used but that we would need to import pesticides. but pesticides are expensive and not many farmers who can afford them cape verde prefers using local plant based and bacterial insecticides at least to begin with and where born crop spraying could be helpful the un's food and agricultural organization says the greedy pest could also become immune to the chemicals. that was g.w. business thank you for joining us from member we're always on the web at e.w. dot com see you next time take care go back. to.

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