tv Business - News Deutsche Welle March 20, 2018 6:15pm-6:31pm CET
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at a flight back to moscow they've been kicked out of britain after the attempted murder of a former double agent which the government says bears the hallmarks of a russian poison attack. all right you've been watching the news on leyla half of the entire team here in berlin thank you so much for spending this part of your day with us the news continues at the top of the hour. for the race for immortality has begun and leading neuroscientists are researching ways to replicate the human brain and androids are taking over physical labor. is human brain is deciphered lead new when drugs with artificial consciousness are
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the number one item on the market. the transfer of the human mind into an avatar the successful immortality is really didn't reach but it was trying to speak and remember you can influence when events mean deplaning. brains are entering starting march twenty fourth only to double up. to the. opening up a trade dispute with the u.s. is naming in china's premier says his country wants to increase foreign investment and even promises equal treatment for the chinese and foreign companies. coming up holly davidson is gearing up for higher prices in jet many a potential victim all doubt. trade war. face is your business
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update on how. glad you could join me when a trade war is in the air in the u.s. tariffs on steel and many an offset to be imposed on friday what does that mean for china's open door policy but china's national people's congress beijing still insisted it will treat chinese and international companies just the say. life can be tough full foreign companies in china this 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 the war china will continue to safeguard free trade and the reform and open up policy which is our basic state policy if there were any change a tool to china's open door policy it would just be to open it wider china's
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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 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 stance or at least its official one. well 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 japan for example has refrained from loud criticism in the hope that 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
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skills to convince the u.s. of how important relations between the two countries are current sample whilst japan might export it steeled 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 menu items basis as japanese steel and many in 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
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u.s. on monday for talks with his american counterparts. with goodwill on both 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 mao 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. use high import taxes on u.s. cars and foods like meat. and should the european union not reach an exemption from a fresh u.s. import tariffs the block has announced it would strike back with levees of its own that as divisive as that would be hit is ten pages long and includes some of the most iconic products made in the usa we're talking highly davidson motorcycles for one straight out of wisconsin additional tariffs could hit the company just as it seeking to find new custom is. that sound is worth around
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thirty thousand euros and holly 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 steel 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 euro's more expensive there was no war. the munich harley davidson showroom is called the house of flames is 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 could be implemented by the u.s. under donald trump. going to globalized world i don't believe that's
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a suitable method i think if we all want to head back to the middle ages if you can trump just has to keep doing what he's been doing. thirty five years ago shop owner my god 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. if you are you guys who was 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 love as 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 highly is a synonym for freedom and free trade. he
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imposes tariffs we impose tariffs back and forth and in the end who wins and you know what. kind of. protective tariffs are unlikely to put holly out of business in germany but they could drive the prices out of the range of a new generation of bikers. so let's bring in our financial correspondent jannat do my lounge joins me now from the frankfurt stock exchange genelle those tariffs and you to be implemented on friday are european companies that bracing themselves. yes but not because of their afraid of the steel and aluminum tariffs per se it's actually thought that the direct impact of such tariffs on the e.u. would be manageable but rather they are afraid that retaliatory measures in response to these tariffs could inspire a tit for tat spiral out of which there's no clear exit now for now the parties negotiating in washington would seem to be doing their best to strike a conciliatory tone but no one knows whether it will work in fact we have seen
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today that a key indicator of german economic sentiment e.w. slip a few points to reflect a more pessimistic outlook as these trade tensions flare up courage you know we've also got reports that have been more raids headquarters b.m.w. and. has that had any impact on the share price. indeed both because both companies actually did confirm raids on their facilities today but for different reasons now just for a bit of background flight stung said in twenty fifty and that it overstated the fuel efficiency of some thirty six thousand vehicles and therefore the c o two values as well now authorities raided the headquarters and was from today on suspicions that they were perhaps lowballing that figure that more vehicles could be involved and that would then constitute a market manipulation related offense over here and b.m.w. is case it's the raids were in connection with allegations about the use defeat
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devices and eleven thousand vehicles an allegation that b.m.w. denies now as to whether that affected the stock performance although it has not we've seen the share prices of both companies both have gains of more than one percent as the trading day draws to a close and i can only conclude that that perhaps after two and a half years of these all good related discussions. this is the new normal for investors now getting used to it sadly at the frankfurt stock exchange thank you. now germany's new finance minister is making his debut appearance at the g twenty finance ministers meeting in. replacing the familiar figure of. his tough fiscal policies made him famous. oh left back on the g. twenty stage but this time he's not hosting like in hamburg he's the new german finance minister and there's a tough agenda for the buenos aires summit concerns about free trade in the face of
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u.s. president donald trump's announced tariffs on steel and many m. and fears of a trade war but this solidarity two at a meeting in his argentinean counterpart nicholas two hundred nay agreed that they needed to do all they could to prevent the us introducing the tariffs. is a mist clearly of no hellen to anyone and even if it seems a promising idea of first it ultimately leads to economic disadvantages so we hope that all the efforts we're now putting in will help us find some sensible solutions to. free and fair trade is the main theme at this year's meeting of the top twenty economic powers and it's being held in a country which itself was long isolated from world markets argentina is now focused on opening up its economy and hopes the g twenty presidency will help this . other key issues include taxation of large tech companies like google and
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facebook the e.u. commission is considering introducing a three percent sales tax in europe. then there's how to regulate cryptocurrency bitcoin but the overriding issue is the potential u.s. import tariffs so far they overlap scholtz appears confident. it's important that we talk to each other that we keep talking together and don't stop because we don't want all the progress that we've made over the past decades to suddenly be reversed in a short space of time. all in all it's certainly no easy start for the new finance minister. right now has a look at the global markets see see. what
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