tv Business - News Deutsche Welle April 4, 2018 7:15pm-7:31pm CEST
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act came from russia. you're watching the t.v. news we still have a lot more to tell you about including beijing tariffs on major american export goods including soybeans and cars the trade showdown between the economic superpowers is growing and our very own been facing we'll have a roundup of financial markets reaction to this is a. spat thank you so much for watching. movement in fighting for the taking seriously in the world of work here's what's coming up women strong double. the female superheroes smart women more towards smart state religion rank recently dangerous time for w. and for my. street by street. colorful. the winds really are just. the most traditional
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find at any time. check in with a web special. take a tour of germany street by street on d w dot com. global shares take a diverse as the u.s. china trade war escalates more retaliatory tarps including american agricultural exports beijing takes the dispute so the world trade organization. and how billions of euros in e.u. funds end up in criminal hands in slovakia. i've been physical and let's do business president donald trump says his country's notion in a trade war with china that war was lost many years ago by the. foolish or
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incompetent people who represented the u.s. well whatever you call this trump is doing his best to stop tensions announcing new duties on a whole range of prized chinese tech products beijing has retaliated. china has launched rockets and built high speed trains the chinese economy has been booming so much that it can counter the u.s. threat of punitive tariffs china is not about to take a trade dispute with a us lying down we will take corresponding measures of equal intensity against u.s. products according to chinese foreign trade low which will be announced in the near future we have the confidence and ability to respond to any protectionist measures . the tit for tat is now in full effect beijing plans to match washington's fifty billion dollars in tariffs with tariffs of its own and the u.s. move disregards the nature of mutual benefit in economic and trade corp it disregards the two countries industries and the interests of consumers and is
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neither conducive to chinese new american national interests e.g. more than one hundred u.s. goods are affected by the tariffs they include soybeans cars and beef that will make those products more expensive for chinese consumers for american producers it will mean fewer exports to china a major market the trade dispute has now entered the next phase and only about is tracking this story from the financial center of frankfurt all the while both sides just end up scaring away customers doing themselves harm. the end of the day. yes that's the outcome it's a lose lose situation who are whomever you talk to who knows a thing or two about trade and about international economic trade. you're going to have job losses you're going to have less growth you're going to have consumers looking at higher prices you're going to have higher interest rates perhaps people who are betting on lower interest rates for some time having trouble with their
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mortgage at home in the united states or perhaps in china as well and of course because of the size of the economies china and us being at the top of the world economy you're going to have everyone else in the boat as well for example a german industry rep today said germany will be caught in the middle heavily invested and both countries for example it exactly and what i'm already reading because of globalization is that china's u.s. house could hit b.m.w. hot. because it makes so many vehicles in the united states and it's exporting eighty nine thousand and eighty nine thousand b.m.w.'s not for munich or from doing good thing but from the united states to china and if china would slap twenty five percent additional tariffs on it they're twenty five percent already on u.s. cars and you're looking at a tariff of fifty percent that on top of the b.m.w. calculated sticker price so you're surely going to have less sales timelier will be
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affected too it makes mercedes vehicles in the united states and exports not as much as b.m.w. but almost as much to china and tesla would be affected too and everyone around the world knows you got to pay top dollar to get a b.m.w. and mercedes now what about the world trade organization is it going to chime in at some stage. it's basically already chime in and then because there's a u.s. claim to the w t o on intellectual property we here and china has said that it has made a claim to make a request for consultations and that will be an. other case the thing is because of us blocking w t o judges the people who decide on these claims the w t o is hardly and a position to meet with any demand on claims like this and this with the w.t. you know already taking a very long time to settle claims like this exactly it goes on and on and takes
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years sometimes only bots or is there for at first thank you very much. facebook c.e.o. mark zuckerberg will testify before congress in a week from now the house coma panel says the hearing will be an opportunity to shed light on privacy issues to the misuse of facebook does it the british company cambridge analytical abuse the done her fifteen million users since then facebook's share price has tumbled. claims of widespread corruption in slovakia could scupper an economic upswing the government's trying to appease protesters and reassure investors by reshuffling its cabbage still critics say the problem runs deep involving criminal gangs politicians that the european union the misuse of agricultural funds from brussels is just one example in a moment we'll talk to a lawyer about that first this exclusive report. farmer your i bet ash was badly beaten up along the stracke he brought the printed smartphone pictures with him as
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evidence a competitor sent a group of armed thugs cut down his rapeseed and drove the fifty eight year old off the land he had leased state owned fields he'd farmed for decades his rival obviously had good connections to the local authorities his leasehold was canceled from one day to the next and transferred to his attacker there's a lot of money at stake. we're only interested in getting their hands on the e.u. subsidies. better ashe says organized crime gangs in eastern slovakia are taking over huge areas of arable land to become eligible for millions of euros in e.u. subsidies every year he says he knows of thirty other farmers who contribute away by violence and blackmail so far you're right paresh is the only one brave enough to come forward and talk about it publicly the police and justice ministry have
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been informed but slovakian authorities remain unresponsive. lucy those who have so much power and influence they can manipulate the police they exert influence over administrative authorities and also manipulate the agency which distributes you subsidies won't really know. they are going to order them this is the corrupt swamp that journalist john korczak was investigating before he and his girlfriend were shot dead. a tragic wake up call for slovakians. in the eastern slope at city of course it's out demonstrators now rally in the streets every friday they're protesting against a corruption and bribery since korczak was murdered a steady string of corruption cases has been emerging into the open. in this public discussion amongst academics a lot of the participants insist that although slovak is a condom is booming the rule of law in the country is weak. when
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it's about changing the atmosphere about turning slovakia into a polite country where people have their rights accepted to where we don't see corruption your i bet ash won't give up the fight for his fields he hopes the current protests will bring about change he doesn't expect help from the e.u. fighting corruption is a sovereign task for slovakia authorities. all of a brown is a lawyer in prague and brought us law but advisors western firms that operate in eastern europe welcome to the show so what's the investor sentiment when it comes to slovakia they've been mass protests against corruption a small government reshuffle but this sounds like a deeply entrenched problem. if you or most western investors corruption was not so much your problem as long as you were manufacturing once you were discussing state money public document or when says also allow.
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you subsidies in this respect do it but ensure more context is corruption if you will just manufacturing slovakia still a perfect country and economic growth has shown up because of one particular sector but a bit but we talking about organized criminal gangs with links to the italian mafia as is said to be the case in the journalist's murder others are still under investigation of course but generally it was a lot of italian lent money great money going into eastern europe after their early chanst and nobody cared about the origins and this all up by about something now the farmer in the report said these gangs and manipulating the agency that distributes funds how much is the us fault leaving of course doesn't have enough means to control what's happening with the money that's
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in most countries in the region i know we probably get it straight. people in the state of station on the two world leaders decide of huge amounts of money and this of course shows that looks a lot of money we're going to look at in most countries in the region so why was this happening elsewhere in the. yes only also the czech republic we have a prime minister who will get excused for. getting two million euro as a semicircle just like in the second richest guy in a country or in most other countries but these are some hopeful different worlds sometimes. clean without it which is just about clean white economy and others where he was a lot of money this by the way also explained some of the criticisms of the european union to two thousand and four people thought you can unit will bring a state of florida correctness and of course it brought a lot of money but it started out just to send money if you really must control
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cable have to leave it there corporate consultant other brown thank you very much for joining us. and just briefly the first direct train from london to webster dam has made its maiden journey it took less than four hours eurostar hopes the new group will entice business travelers and holiday makers to switch from the get the rails from city set of the city center but it's just as fast as flying and with one way ticket starting at thirty five pounds a connection could be a game changer. lasting business with the.
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center of the conflict zone confronting the powerful this week on conflict zone i miss them both to talk to russia collection maestro took his moving floppy be a k.p. she speaks for apology on schumer the government issues military operations in syria and continues to crack down on civil liberties. this principle. doubling.
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money is a strong country. we have achieved so much we can do this and if something hinders us we must overcome it. going where it's uncomfortable global news that matters. made for mines. birth. home to have species. worth saving. those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. by ideas that protect the climate boost green energy solutions and reforestation. goes out to people you cannot protect the forest they create interactive content
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teaching the next generation about environmental protection. using all channels available to inspire people to take action and we're determined to build something here for the next generation global ideas for violin series of global three thousand on d w and online. this week on conflict zone i'm in is the book to talk to rob took a backseat come by still took his ruling party the a.k.p. she speaks for a party on human rights since the parliament and is also a close confidant of president touted as the government pursues military operations in syria and continues to crack down on civil liberties. principles.
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