stay tuned for business with monika jones and don't forget you can get all the latest news and information around the clock on our website at www dot com thanks for watching. buying dortmund shoka lives are giving us a favor team sway got all the best goals we've got all the gold this go for this league up right here. c.w. is the home of the german football shared periods every match. the one to sleep every weekend here don t w. make your smart t.v. even smaller than g.w.

bush. what. you want to do up to date. extraordinary. to. decide what's on. sunday oh b.t.w. just for. a. trade was a good and easy to win says donald trump no big deal says his commerce secretary wilbur ross thoughts off of the u.s. president's lap steel and sell a million imports with high tariffs u.s. allies are condemning the move and financial markets heading south. also coming up italians go to the polls on sunday with many parties making promises that economists say are impossible to keep. welcome. business i want to go to.

the world trade organization has expressed concern at washington's plan for tariffs on steel and many m w t o director general roberto acevedo said the potential for escalation was real and that a trade war was in no one's interest us president on a trump wants to slap a twenty five percent levy on steel and ten percent on the minium imports the move has sent stock markets south u.s. trading partners say they'll impose trade countermeasures china is the u.s. is main target with the tariffs for years the country has been overproducing steel and aluminum and selling it off dumping prices donald trump has been known to this for some time blaming china for the loss of tens of thousands of jobs in his country. but beijing is less than impressed with this response it's already threatening retaliate three measures officially though the tone remains diplomatic . china urges the u.s.

to show restraint in using protective trade measures and respect multinational trade rules. trumps meeting with the u.s. steel companies left open whether the tariffs would focus on just one country or on all steel and aluminum imports generally the result worldwide insecurity even among america's closest allies. you know at this point in time we die and have clarity from the administration about whether a law an exemption will be in place for a stroll and whether or not this will be a unilateral imposition of tariffs across the board the e.u. is threatening council measure as if european steel production is affected by the terrorists it says it will retaliate with tariffs on u.s. products including motorcycles and whiskey we would not sit idly while our industry is hit with on for measures that were thousands of european jobs at risk the e.u.

is reacting firmly and commensurately to defend our interests consumers will be the biggest loses of course. in the u.s. the terrorist will mean more expensive compass and elsewhere more expensive u.s. products. all right let's talk a little bit more about this i'm joined now by evan annette since she is general manager of the american chambers of commerce in germany and she joins me in the studio now good to have you here with us and i would like to start with with a more general question i mean what's it like for the american chamber of commerce in this day and age to represent companies well since we are the voice of transatlantic business obviously there are a couple of difficult issues especially when it comes to trade on the other hand the demand is so much higher now for analysis content insight that actually we are in a position to provide that and so we're in

a much better position now because the demand has just risen so much so difficult topics but higher demand which is good for us because obviously right now there is an awful lot of insecurity also we have that in this report and i know the chamber conducted a survey among your members how do u.s. and german companies the european companies view the current trade situation well they are really unanimously in their reaction and that is that protectionist measures will actually play out negatively in the mid-term or long run and they're concerned about that and also another thing that came out is that it will also harm the u.s. economy and we have both american and german companies and they're all united and in the us ok so they're all worried but then i mean how to respond donald trump responded very quickly certainly to the global outcry in one of his famous tweets and there's one section way he says trade was good and easy to win now that sounds

like a threat to others just empty would so would washington go all the way well at. it's it's a tweet by by one person by the u.s. president. we've seen him sort of tweeting in his own very personal manner and the tweets not necessarily reflect what the entire administration things and in this case we have seen that many people of india and it's rationing. i think more for. postponing and so have an announcement on the i think they tried to talk him out of it that they needed more time to reflect on on the proposal at that the proposal came actually out of the department of commerce but there were various sort of proposals and there would have been various options and i think that we will see more next week because we

haven't heard any details yet on so you mean it could be soft the announcement could be softened by next week there could be a change well there i think the options that are on the table could be for instance to exam certain countries let's take the u.s. europe maybe canada so we could see that so i would at least for now be careful the tweets are one thing but sort of what the dios you once or where the administration stands is sometimes a bit softer so we'll see how it plays out i mean with your with your insights because we had this outcry and now from from canada saying they will take account of mexico brazil the european union they all considering that to what would be your advice especially for for europe and for germany how should they react now. our advise and that is also based on sort of the findings from the survey is that they

should talk first of all the countries involved should get together so that at a table and discuss potential other solutions and there is actually an institution for that that is sort of well established and that's the w t o so we would advise to talk to use the situations that are there and to find solutions together and not sort of in a union unilateral approach ok measured response there evelyn metson the general manager of the american chamber of commerce here in germany thank you so much better lock. stock markets around the world two good beating following trends announcement in germany the blue chip dax tumbled more than two percent and for the latest let's cross over to daniel cope has been keeping an eye for us on the trading floor in frankfurt danielle house this turbulence day wrapping up. well monica let's just forget about today it has been really lousy a possible mix of possible high interest rates and

a possible trade war have really left shares dropping at the blue chip index thanks for the first time since august it has been under the magical point mark of twelve thousand points and even though the consequences here for europe are still not clear during most of the day there has not even been a single share our shares for example of still make were down with more than five percent person corp shares also really suffering today down with more than three percent and yes the latest comments that this could be just be the be the beginning did not help at all and yes many have criticized as we also received a statement earlier from german chancellor angela merkel calling all of this very dangerous it seems that this day will not be only remembered as a day of losses in asia and europe also shares on wall street are down at this moment i guess most of the investors are happy that the stock markets during the week it is closed and they're just hoping that the next week turns out somehow to

be better let's see ok in the meantime everybody is looking forward to see the weekend. in front of thank you so much. talking of this weekend italy is holding a general election on sunday the economy is on the road to recovery but big challenges remain a national debt level of one hundred thirty percent of g.d.p. and the europe's largest number of people living in poverty so what to do italians expect take a look. yes but i don't expect much i hope whoever wins will do more. i think something could change but it depends on which coalition wins i'm not sure if they'll be a clear winner most likely they'll have to compromise and reach a broader agreement. will there be a clear winner could it take months for a new government to come together the italians are watching their smartphones the election is mostly being fought online all parties are promising more money. even

proposing a universal basic income but even the unions balk at that. if. they find the idea to introduce the basic income exaggerating this would allow any italian citizen to have an income but it would be too expensive. italy are still feeling some of the effects of the global recession banks are still struggling with mountains of bad debt and luxury apartments of the rich tower ostentation. eight million italians live in poverty some one and a half million mainly young and highly qualified people have left the country since the recession yet a ten percent unemployment here is still above the e.u. average. some observers warn that a far greater problem is lurking in the background poll say that eighty percent of the electorate simply don't trust the state. the weinstein company is going to be

sold after all the famous movie studio alone to buy harvey weinstein had plans to file for bankruptcy earlier this week after a takeover deal seemed to fail now a group of financial investors led by maria contreras sweet a formal bamma administration official has reached a deal for around five hundred million dollars to acquire the company and rescue one hundred fifty jobs plans exist to form a majority female board to rebuild the hollywood studio five months after sexual allegations took down the company's leader harvey weinstein. it's a business update human d w thanks for keeping me company.

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work here's what's come out women's tour. for your memphis march marcus smart stadium in the gym rank recently in dangerous times for hockey w. me for my. main news i was made to associate seat on some. bold. changes not the finish kind of side. he played put big dreams on the big story. in the magazine on the dummy. every journey begins with the first step and everything reaches the first word published in the book the cohesive germany. why not.

it's simple online on the mild. stuff. the learning course. maybe. hello and welcome to focus on europe i'm michel henery anxiety is running high as much of europe awaits the outcome of italy's election with skeptic and far right parties on the rise experts predict they will search in the vote whether italy does lurch further to the right will depend on one man in a tail salvini railing against.