trump said to announce new. york thinks it's off the hook more in business. in just a bit play it wasn't going to like them but they do stay with us. they make a commitment. they find solutions. in stronger. africa the lead stories for both people making a difference shaping their nation playground their continent of africa on the

move stories about motivational change makers taking their destinies into their own head i'm squinting w.'s new multimedia serious. d w dot com africa on the move. is there a compromise after all the european union expects to be exempted from president trump import tariffs that as china braces for hefty punitive charges on a white rate good. they're coming up this breaks it longer could lose its top creative talent. base is your business update on how it all free in berlin good to have you with us now the european union expects president trump to announce that the bloc will be exempted from fresh tariffs on steel and alan minium that's

according to the european commission germany's economy minister paid to my had voiced similar hopes he and the e.u. trade commissioner had traveled to washington earlier in the week to make the case the e.u. still produces a white house has said that the terms will take effect on friday. so for more let's bring in do well out of the frankfurt stock exchange still some cautious optimism from the european union from the commission there are european investors buying it. it wouldn't seem that way now european indices all broadly in red territory today we also saw a key indicator of business confidence here in germany slipped by a slip to an eleven month low as a result of these trade tensions so i can imagine that they will they would derive some comfort from confirmation that the e.u.

has managed to secure exceptions from steel and aluminum tariffs but maybe even that would just be measured comfort it wouldn't even be clear that european exporters would be out of the woods even then a trade war between important trading partners like the u.s. and china would of course affect the e.u. as well if it leads to any kind of growth slowdown in these markets that in turn would depress demand for european products and obviously that's a bad thing for european exporters and you have to imagine also if chinese products are hit by trade tariffs well they'll have to go elsewhere possibly to europe and that would depress prices over here so a global trade war could be headed off but a trade war between the u.s. and china would have knock on effects and that's something that investors are very aware of yet talking about there's no call in effect it's not just the europeans that are on the edge of their seats they have the threat of punitive tariffs the u.s. is expected to announce penalty charges against china worth up to sixty billion dollars of chinese imports as

a punishment and that she's stealing intellectual property of u.s. companies. beijing is bracing for an announcement from u.s. president donald trump on thursday slapping more tariffs on chinese imports chinese premier the key chain used the national people's congress this week to appeal to common sense in a verdict in impending trade war. i hope that we can act rationally rather than being led by emotions in order to avoid this trade war. but donald trump remains adamant that the u.s. is at an unfair disadvantage when exporting american products abroad and insists on changing that and i keep telling these countries no you have to buy american i want you to buy american you know we help people we help countries we give aid to countries i say where do you buy your equipment will we buy from other countries i said what about buying from the united states well we haven't been doing that now they do it on march eighth trump signed

a tariff order on global agreement and steel imports the exceptions to the rule were metals from the u.s. neighbors canada and mexico. the tariffs to be announced thursday only affect trade between china and the u.s. and are expected to affect a wide variety of chinese goods from clothing to electronics the measures will likely also curb chinese investments in the u.s. as well as kept visas for chinese researchers and escalation of the brewing trade war now seems inevitable. all right let's go back over to engine now and then jenelle u.s. administrators haven't announced the tariffs yet but chinese officials have been giving statements what have they been say. well they're basically sticking to the approach that they've been on in the run up to this expected announcement start trying to strike a tone between combative and conciliatory so they've tried to convince us that they're open to concessions they've been saying things like they'll open up their

markets they'll halt the forced transfers of technology they will also better protect ip and those of course are key complaints that the u.s. has been making for years on the other hand they will see the signing of terrorists today as a declaration of a trade war and they wanted to make very clear to the u.s. that any response they have will be decisive there are reports that they're preparing retaliatory measures specifically aimed at the u.s. agricultural scuse me agriculture sector and we do that this is one of the sectors in the u.s. one of the few sectors that is still racking up a trade surplus also this is also something that's trump's base we all know that a lot of the midwestern states that are brain producing make up trumps constituency so but there are other things that they can do as well they could target planes that they could to target u.s. tech so in a nutshell they've been saying that they don't want a trade war but they wouldn't be afraid to fight one. do my own for us at the

frankfurt stock exchange thank you tough times for a frog's says a new wave of strikes hits the country only two of every five high speed trains were running and half of regional trains across the country have been canceled and the walkouts come in response to president a manual labor market reform and those traveling by also facing problems. there have been days of warnings with only one in three trains up and running in the capital parisienne transportable storage fees have advised people to come pull the trouble isn't confined to front either high speed train operated telly has cancelled services running between brussels and paris and several you're a star trains to london and not budging either. these are unregistered wildcat strikes and as such effectively illegal the communist union c g t is behind them it's urged members to engage in impromptu and repeated striking even outside of

official strike days. the right to strike is laid down in our constitution if it's an unofficial strike then it's essential that public services can function enough of a four point five million daily train passengers to get from a to baby food should personally i find these destructions threats by the union extremely serious i've never seen anything like this. the catalyst for the action president michael's planned labor market reforms he wants to hike up the age of retirement for railway staff right now train drivers can retire at just fifty two other rail workers just a few years later french railways a deeply in the red and groaning under forty five billion euros worth of debt unions warn that if mccrone topples the long time privileges of railway staff it will open the floodgates for even hausherr labor market reforms mccrone has already announced plans to cut one hundred twenty thousand jobs in public services the

showdown between the government and french workers is likely to continue. and when people talk about the u.k. economy it's usually about the financial sector about the famous city of london but creative industries have had a growing relevance for the country's g.d.p. and those companies rely heavily on european talent now with their future status in the u.k. in limbo businesses fear that brags it will hit them especially hard. it is a fist decatur tool that helps creative with three d. animation vegard who helped invented is from norway the majority of artists in the studio had nexus an independent production company based in london comes from the e.u. nexus provides interactive content and animation for international clients what's important for them to have access to young talent. is jeopardising that. we are already seeing talent we would naturally come to to london immediately after

their studies on hesitating and so they might move to barcelona or berlin or london is an expensive city as well so it's kind of slowly losing traction the u.k. benefits hugely from london's reputation as a hub for creativity creative industries amount almost ten percent of all u.k. exports creative workers are in high demand there are already skill shortages creative industries are amongst the fastest growing sectors of the u.k. economy industry leaders want the government to recognise that asking for example first special visa system the brics it. the majority of staff at nexus are freelance highly specialized artists because. they are often hired only with a few days' notice. the great thing at the moment is that i can call someone up in france they can hop on the or start coming there are any issues or traffic issues

that we have to deal with my worry is that that won't be able to happen and that will definitely affect us and it will affect how quickly we can assemble a team here in order to qualify for a non e.u. visa a full time job and a yearly salary of almost forty thousand euros is needed for many creative workers that's unrealistic industry is moving credibly fast and as are. result thank you very much in that as to what the new rules are going to be people to stay or to come to you. and the industry will suffer official. already there are rumors that some companies might relocate to the continent the industry wants reassurance from the government they need more not less tell them to come and stay in longer.

stay with the latest from the world of business from all find us on facebook follow us on twitter underscore business head in the sea humphrey is mine right now he's on that the global markets right now i'll be back in forty five minutes with more business news for you till then thanks for watching and see you see. we. we.

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