after announcing controversial new tariffs donald trump says trade wars are good and easy when steel and aluminum will get trade barriers the president is facing fierce opposition even within his party and u.s. allies are condemning the move financial markets headed south. also on the program italians go to the polls on sunday with many parties making promises that economists say are impossible to keep we'll talk to a tally and voters head of the election. it's time for business sunday w m how you got to get us welcome to the show u.s. president from past promised tariffs for a while and now the u.s. is getting them from next week the white house will impose levies of twenty five percent on steel and ten percent on aluminum fears are growing worldwide of a new trade war stock indices across the world fell on friday and governments are already announcing counter measures. the global steel industry is in shock high

tariffs on their products could lock them out of the u.s. market and there's not just a monetary cost thousands of jobs are at risk. of course is a problem because the amount that we sell to america is not insignificant. and if he's serious about implementing the tariffs then it'll be a big disadvantage to us but i always say that you can't let yourself be blackmailed you can also fight back. and that's exactly what steel producing nations are toying with counter-measures the e.u. will put tariffs on the likes of motorbikes and even whiskey. the only person. jobs in europe will be lost due to the american measures you cannot simply look at them without doing anything we need to take measures from our side this is all highly regrettable we never set out to start trade wars. if you will meanwhile donald trump is sticking to his guns in a tweet on friday writing that trade wars are good and easy to win what winning

means or if things will even get as far as a trade war remains to be seen as for now the u.s. is facing a wave of complaints on the world trade organization rules. it's a move that took markets by surprise and we're still seeing the consequences today let's talk about it with our financial correspondent at the new york stock exchange . it's good to see you on this friday now we know from what we've heard from most analysts that these terrorists won't really have that much of an impact on the u.s. economy so why are we seeing such aggressive movements in the markets. yeah and it has been a pretty wild ride to all week long at some point in the friday's session blue chips were down by almost four hundred points then by the end of the day the mood come to a little bit well i mean there is or there are those possible price increases here

in the u.s. that could hurt companies and also consumers but that probably isn't the biggest problem challenge that the u.s. is facing there is also there's a threat of possible repercussions from countries like china from areas like europe and that could be heard for let's say to the u.s. car industry or also to the aerospace companies here in the united states so this is one side what is making investors on wall street nervous but he and stu investors really expect countries to follow through with new tariffs pretty much every country has said that they don't want to trade war and that they are against protectionism so how is the feeling where you are. and certainly i mean if the fight keeps limited to and steal we can probably deal with that but the big question is will it remain there or will the u.s. president also start having tariffs on other areas other industries we shouldn't

forget about the year ago we had. tariffs on canadian improvs of lumber and timber there was talk about a possible terrorists on a washing machines and solar panels so that actually accelerates i mean then we are getting really into troubled water but we're all very curious to hear what the u.s. president has to say next week because there's still a lot of details we don't know about at this point you'll be there to tell us all about it thank you very much caught on wall street. it's not only in new york markets worldwide and even the german stock in the x. the dax all on this week five percent in the case of the german top index in as many days there's plenty of fresh headwinds facing equities and investors are assuming that will see no surprises there the first half of the week was ordinary enough for germany's top stocks but then on thursday came the first hit worries

over rising u.s. interest rates that's after the united states a new federal reserve chair jerome powell suggested hikes could come faster than anticipated higher rates would make debt more expensive for businesses and that could leave consumers with less money for spending and all that would hit corporate profits the news on thursday pushed the dax down by more than three hundred points for the final blow came at the end of the week on friday trumps trade tariffs pushed the index under the twelve thousand mark for the first time in six months the proposed measures would be a bitter blow fleet european steel makers yet investors across sectors worried the risk to germany's top firms of a trade war is increasing the dax lists corporations highly exposed to the global economy a trade war would be the nightmare scenario for those betting their money on some of europe's biggest companies. the weinstein company owned by the infamous

harvey weinstein will be sold after all it wanted to file for bankruptcy after a takeover failed now a group of different financial investors led by money echoing thread a suite a former obama administration official has reached a deal for around five hundred million dollars that will save one hundred fifty jobs plans exist a former majority female board to rebuild the hollywood studio. and italy heads to the polls this sunday and as they say what's going to decide the election it's the economy stupid so it makes sense to make a look at where italy stands right now the country is on the road to recovery but big challenges that remain the national debt is at one hundred thirty percent of g.d.p. banks are struggling with bad loans and europe's largest number of people living in poverty are in italy so who can offer solutions for warders we listen to them yes

but i don't expect much i hope whoever wins will do more. peaceful because i think something could change but it depends on which coalition wins i'm not sure if there will 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 some even proposing a universal basic income but even the unions balk at that. frank i mean i honestly find the idea to introduce a universal basic income exaggerated this would allow any italian citizen to have an income but it would be too expensive. italy is still feeling some of the effects of the global recession banks are still struggling with mountains of bad debt and whilst luxury apartments of the rich tower ostentation over milan 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. kenya has seen some strong growth in its tourism sector more than twenty percent and twenty seventeen and one of the most sought after sites are its elephants the government has invested significantly to protect the animals just great but they require space space that kenyan farmers are now miss. thirty strong elephant herd takes it easy in the middle of a farmer's fields the giant animals are vegetarians so for them farmland is a well prepared but a right royal feast kenya is home to thousands of elephants. and those migrating

from one to another of the country's sixty protected nature reserves like to hang out at the buffet for some time spreading alarm and despondency amongst the farmers . we've suffered badly we've had monkeys and elephants for a very long time. if you go to my farm which is large and i have all sorts of crops including fruits you can see how the animals have destroyed them. that's just why the herd lying tranquilized on the ground now kenya's wildlife service wants to move the paki terms two hundred kilometers away by truck. so we want to move them to a more expensive. conflict so that you can do to get the conflict where. the project will cost two million dollars.

it also offers an opportunity to take blood samples to check up on the elephants health chips or implanted so the herd can be tracked on its travels giving ample warning of potential clashes with humans the corridors running between the protected national parks are also lined with hundreds of kilometers of fencing to prevent just that otherwise it gets expensive for the government. compensation is. expensive government is looking into this financial year. twenty eight hundred ten thousand nine hundred fifty six hundred twelve million kenyans shooting for compensation for death. fortunately deaths are less frequent nowadays and it's not as if the elephants are merely a burden. to wrists come from all over the world just to marvel at them in twenty seventeen they spent a record nine hundred sixty million euros in kenya. so these puff granges efforts

are in no way in vain. that's all for thank you very much for watching and have a good weekend to the back. of. the.

earth home for saving global india's tell stories of creative people and innovative projects around the world by the context of climate and green energy solutions to inspire people to take action global ideas. unimpeded access to education and knowledge and the same opportunities for everyone to see a central goal of the global community look at what's the reality on the ground education for the w.'s multimedia special remakes personal stories and highlights extraordinary projects world over find out more on the internet d w dot com education for all. these moments the right call. the stories in so.

it's all about george chance to discover the world from different perspectives. join us in the inspired by distinctive instagram murders at g.w. story the new topics each week on instagram.