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tv   Business - News  Deutsche Welle  March 13, 2018 2:02am-2:15am CET

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muslims have fled the region following an on a crackdown that began last august. jittery executives meet in germany as the country faces major disruptions to steel exports but a top eight u.s. official tells them he is confident they will be exempted from a new u.s. tears meanwhile in brussels french economy minister bruno lemaire tells us what europe needs to do in confronting a potential trade battle with the united states and in nigeria we find a hot idea that is helping farmers to keep their cool and their produce fresher falker. this is the business i'm christopher kolber welcome the vice president of the european commission fronts timmerman says he is confident e.u. steel shipped to the united states will eventually earn the same exemption status as canada and australia to moments made the comment at
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a gathering of european executives in the german town of filling in home to one of the country's biggest steel producers. steel has been dealing ins life blood for over three hundred years here over five thousand people are employed by the steel mill that dillinger. and many are worried about their jobs american tariffs would have real world consequences here and saddam and the mills parent company delivers components to u.s. manufacturers like the automotive industry. slang guns guns cause of what trump is doing is a huge mistake with his tariffs dillinger exports a lot to the u.s. trumps going to have second thoughts about all of this being. about and. it's not ok you can't make any progress with him diplomatically it requires drastic measures you have to do to him what he's doing to us then we'll get a better deal. economic reprisals are on the agenda as industry managers
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politicians and employee representatives discuss the future of the european steel industry but the president of the european commission says they are a tool of last resort in hopes to find common ground with the u.s. on the field we want to make sure tariffs aren't put in place we want things to stay the way they are there's no reason to introduce tariffs that's our position. the people here argue trumps tariffs shouldn't target e.u. produced steel which they say is high quality and few other countries can supply. the message from politicians industry leaders and workers here in dealing it was very clear we produce the best steel in the world and we do it in line with international routes but despite the confidence they know it's hard to argue racially with donald trump over policy at this similar talk that came out of brussels on monday the european union stating that europe would not waver against what it calls trade bullies our correspondent caught up with the french economy
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minister. minister you're very concerned about a potential trade war with the u.s. what do you say the e.u. has the necessary leverage the determination to avoid such a scenario yes i'm deeply convinced that we have as your pan the leverage and i think also the determination to own to the last decision of the president trump we have to do our best to avoid any kind of trade war between the u.s. and the e.u. because it would lead nowhere and it would make only loses but we have to think about our response to the decisions of president trump i think that there are a set of on susan responses on the table the first one is to have countermeasures to explain to the united states that we're ready to take the same kind of decisions
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to own search to a decision of the trump and we also have to think about the answer and of homework of the w.t. all of the g. twenty so it's a longer term negotiation you are looking at not shortly slapping tariffs on your u.s. products you're right because you know if you want to be respected if you want to be lessened by idea american administration we have we european countries to be strong we have to be united and we have to abide by our common of words and by common values we believe in muti to terrorism we are all the view that's protectionism is not the right on search through the difficulty that we have with the overcapacity in steel and we have to explain that very clearly to our american friends including by taking the necessary measures to respond to do the very last decision of the trends of nutrition thank you very much
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and thank you thanks mr. so the french economy minister bruno lemaire speaking to our correspondent go there so here in europe the discussion about how to deal with the threat of higher terrorists is waging let's bring in our markets mannion scored in new york guinn's what's the latest on your end u.s. president donald trump are treated on monday that commerce secretary of. the speaking with representatives of the european union talking about eliminating tariffs and barriers used against the u.s. side so what we might see is some concessions from the side of the european union to avoid those tariffs on steel and aluminum if that's supposed to happen and we don't know when those talks actually will take place then the u.s. government to a certain degree would have one but the clock is ticking we will see those tariffs
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starting on march twenty third and we will see of time runs out to those tariffs can be avoided in the first place or if they will kick in and then talks will continue later now canada is the biggest supplier of steel to the united states and now the canadian prime minister just introduced says basically it's all the fault of the chinese would have been dumping steel in global markets what do you make of that yes. i would say that in general justin trudeau is right because what happened to many years ago is that china did flood the world with cheap steel the u.s. for example responded to already under barack obama and for a former administration tariffs on chinese steel and that cuts the steel imports from china to the us to a minimum but the steel was still on the global markets on the world markets and that caused overcapacity is in countries like canada and also some european steel
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rebar producers and they had to see what they could do was there overcapacity and then they started selling this steel for a dumping price or to the u.s. or yes it seems that the core of it all actually does go back to china yes court in new york thank you only a few things are more frustrating to produce farmers than seeing their harvest rot away because they cannot sell it and it can take a big bite out of profits to farmers in developing countries regularly lose a quarter of their annual income because they can't refrigerated their produce a small company in nigeria is now using the hot sun to keep fruits and vegetables fresh. this produce looks fresh and juicy but once it triples or rots it won't sell and the vendors it won't make any money. in countries across africa it's almost impossible to keep perishable produce in good condition
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because of the heat in developing countries a major cause of food spoilage is the lack of cold storage gnomic. has come up with an ingenious and affordable solution to the problem his company called hubs is based in a weary in the south of nigeria. does it mean social enterprise that i actually designed. installs solar powered walking called rooms. used just called rooms to extend the shift life of food from two days to twenty one days these are completely solar powered so they are very well designed and robust for installation in the farm and in the markets because cold rooms are solar powered and they can operate off grid that is where there's no electricity available out of a socket and for the same reason they were environmentally friendly. in the daytime we are running off the solar panels i descend time story and edgy and in
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the night we switch to the batteries so just a twenty four refrigeration system completely of the greet the cold rooms are well insulated the temperature inside is kept at my degrees celcius farmers and retailers can store their fruit vegetables and other parish bills and thus lengthen the shelf life allowing them to sell a greater share of their wares make more money and reduce waste a cold heart is up and running at a market in a wherry stall holders are pleased they say it's made a welcome difference it's evidently worth their while to pay the storage fees. zirin runs the cold store the fruit and vege that aren't sold one day spend the night here and are then taken out and put on display again the following morning. the cold have to company fires only female staff to run it's called rooms to help boost employment for women the hub is a success she went to is busy. as you can see he's almost like
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the place is really. cold hub sees a huge potential to grow its business across the vast african market the company estimates it could build and sell up to twenty thousand units over the next ten years. a high level panel of experts has released a new report on tackling the economic and political dangers posed by fake news the european union's commissioner for the digital economy said the recommendations were . in the run up to the e.u. elections next year the panel recommends and hansie transparency of online use promoting media and information literacy and developing tools which enable users and journalists to tackle this information of the group also stressed that
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censorship must be avoided at all costs. now that's our show if you want more false on social media or check out our web site that's t w dot com slash business for now thanks for watching it's you back here tomorrow. the most. current.
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