tv Business - News Deutsche Welle March 20, 2018 2:15pm-2:31pm CET
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did you know. that's too successful that all right charles the the director of field programs at the nature conservancy in nairobi thank you so much for joining us on our program. you're watching v.w. news coming up harley davidson gears up for higher prices in germany a trade dispute is looming and it comes at a bad time will tell you why. donna humphrey will have that coming up in business so. she started out with some junk that instructions from a book. that peter fourteen william coming to dream.
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wanted to build a wind turbine to provide his village with electricity. i want to go into the sun and do you know change gears lauren lake breaks it all too much generates citing joining the world's biggest. heroes story. and the winter starting march twenty first in w. look. at the. opening up with a trade dispute with the u.s. and you mean china's premier says his country wants to increase foreign investment and even promises equal treatment for chinese and foreign companies get more from beijing. coming up same goal different strategies how u.s. trade partners are trying to avoid those punitive tariffs. and tommy davidson
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easy gearing up for higher prices in germany potential victim all that looming trade. peace is your business update on how it all free in a but good to have you with us now. trade is in the air and in the united states either negotiators have done over to washington d.c. to try and score an exemption from the tariffs on imported steel or aluminum go into effect on friday and china is doing everything it can to make it know that it's still open for business. life can be tough full foreign companies in china there is little security for intellectual property and technology transfers are regularly demanded of all who want to do business there those are the main complaints but beijing is having none of it at the end of the annual parliament session and during the current trade conflict china's premier spoke of his country's welcoming economic culture war china will continue to safeguard free
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trade and the reform and open up policy which is our basic state policy if there were any change at all to china's open door policy it would just be to open it wider china's economy has been so integrated with the worlds that closing our door would block our own development. furthermore all companies in china should receive a fair chance and everyone foreign businesses included should work to the same rules china sees itself as a pioneer of free open trade but is that will just talk only recently the federation of german industry complained about the communist party's tightening grip on businesses in china exactly the opposite of beijing's stance or at least its official one. well a little earlier we also had our correspondent mattis bringing in beijing where the international investors should take the chinese government at its word is what he told us well she. has made similar announcements every year so far what we see is
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the opposite conditions for foreign business in china have to tear your rated in the business survey last autumn forty percent of the german enterprises in china say that they feel less welcome than before. the overall investments across border investments have dropped dramatically in the last two years a lot of new regulations make business more difficult for foreign enterprise a so i wouldn't give too much on this. correspondent in the chinese capital that and china may have been vocal about the merits of its economy in a bid to avoid punitive terrorist but other countries in the region have taken a different approach to japan for example has refrained from loud criticism in the hope it will be let off the hook. japan is the world's second largest producer of steel after china and behind the scenes tokyo has been using its diplomatic skills
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to convince the u.s. of how important relations between the two countries are for example pan might exported steel to the u.s. it's also the number one buyer of american weapons such as the patriot defense system and fighter jets in fact lockheed martin is on the brink of signing a mega deal with japan so far the persuasion efforts appear to be working. on only one more there's a high of stability that japan could be exempted from u.s. tariffs on steel and a menu item basis as japanese steel and aluminum products contribute greatly to u.s. industry and irreplaceable. the e.u. meanwhile is using a variety of tactics to convince donald trump to abandon his plans from threatening retaliatory measures to requesting talks germany's new economy minister was in the u.s. on monday for talks with his american counterparts. with goodwill on both
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sides i see a chance of getting a positive response by the end of the week. on tuesday and wednesday the e.u. commissioner for trade cecilia myles strong will continue the discussions in washington it's not clear what the e.u. intends to offer the americans but donald trump has frequently criticized the e.u.'s high import taxes on u.s. cars and foods like meat. let's bring in our financial correspondent generic do my lounge at the frankfurt stock exchange now genelle those tariffs yet to be implemented on a friday our european companies they're bracing themselves. yes but not just because they're afraid of the chair of spurs say in fact the european central bank chief mario draghi has sought to reassure the euro zone that to the potential fallout from steel and aluminum tarps would be manageable in the block
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but of course the real fear here is that. retaliatory measures in response to these tariffs would inspire a tit for tat spiral out of which there is no clear exit that the parties negotiating in washington seem to be doing their best to strike a flexible and conciliatory tone conciliatory tone but no one knows whether it will work not even from the u.s. side it seems and if you need more evidence of that you could just look towards the planned federal reserve meeting tomorrow the new fed chief jerome powell he's expected to stay away from the topic of an impending trade war due to lack of definitive information so there you go meanwhile generic key economic sentiment indicating here in germany is looking rather glum isn't it. yes indeed the w. index that of course is based on interviews with investment analysts and that's been forecasting a more pessimistic outlook for the in coming months and that is down to the
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impending down to an impending trade war and the uncertainty surrounding that now we know that markets hate uncertainty they don't know whether the negotiators will be able to get through to trial at a time where he surrounded himself with really protectionist figures like a commerce secretary will ross or like peter navarro who of course is one of the architects of the america first policy they were briefly encouraged when a larry kudlow a free trader came onto the scene but since then he's also said that he's fired with tower of so none of these things are particularly confidence inspiring and thus the slump in sentiment. off a national correspondent in frankfurt. should the european union not. reach an exemption from fresh u.s. import tariffs the block has announced it would strike back with levees all that sewed and asked of items that would be hit is actually ten pages long and include some of the most iconic products made in the usa like hati davidson motorbikes out
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of wisconsin additional terrorists could hit a company just as the seeking to find new customers. that sound is worth around thirty thousand euros and highly davidson's munich branch is busy the first rays of spring sunshine see customers flocking here. is now threatening to levy import tariffs on highly davidson's as a response to new u.s. tariffs on the use deal an element approved by president trump penalties could amount to twenty percent on the famous american cycles twenty yeah twenty percent would be a real blow to the tour it would be a straight three to four thousand euros more expensive a.b.c. if there was no war. the munich harley davidson showroom is called the house of flames there's hardly a better known calling card for america than the iconic brands showroom here. freedom loving easy ride is find it almost unbelievable that protectionist measures
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could be implemented by the u.s. under donald trump. they're going to globalised world i don't believe that's a suitable method i think if we all want to head back to the middle ages or we can trump just has to keep doing what he's been doing. thirty five years ago shop owner of my got started repairing hollies in his backyard today he's the biggest harley dealer in germany he believes the brand urgently needs younger buyers import tariffs will make that even. the younger generation still has to work to earn money and what a bike like this cost structure one or two thousand euros or even for smaller models that's not inconsiderable we're talking about one or two months income here . holly lovers say the company has only been targeted because its headquarters is in wisconsin which is the home state of trump ally and speaker of the house paul ryan for them partly as
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a synonym for freedom and free trade. much laugh he imposes tariffs we impose tariffs back and forth and in the end who wins and you know what have you been kind of. protective tariffs are unlikely to put highly out of business in german alton's cambridge analytical will be subject to an investigation by the u.k.'s information commissioner the commissioner elizabeth denham says she's pursuing a warrant to search cambridge analytic is service this in the wake of cambridge analytic and spying on fifteen million facebook users the disclosure spot demands for increased regulation for large tech companies and facebook stock lost more than thirty billion dollars of market value i made those revelations. neighbor suspending itself driving a car program off one of his vehicle struck and killed a pedestrian in arizona the vehicle was in or thomas mode at the time of the accident an operator sat in the driver's seat the accident occurred in tempe one of
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four american cities where the bride hailing john was testing of it calls the local police chief said pedestrian was walking in the dark and it would have been hard to avoid a collision even for a human operator because he was invested heavily in autonomous technology in the accident marks the first time a pedestrian has been killed by a big cocaine antonymous much. as say you're up to date with the latest from the world of business from will find us on facebook photos on twitter i d w underscore business on net to have the see how free is my handle i'll be back with a fresh update in forty five minutes time right now. one
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