and so to be a business update in just a bar was i'll be back with up more news at the top of the hour don't wait for an eva i need not look at the website now crusty w. dot com out of. control. they make a commitment they find solutions. and stronger. africa

follows. stories from both people making a difference shaping the nation i'm glowing and the continent of africa on the move stories about motivational change makers taking their destinies into their own hands d.-w. is a new multimedia series from. d.w. dot com africa on the move. will he or won't she white house aides say president trump is yet to decide on a tariff exemption for europe which runs out tomorrow this could unleash a full blown trade war. and the miracle of shenzhen how to transform a fishing village into a high tech shop a mix of state aid foreign investment and very little in the way of civil liberties

. and it was let's do business governments around the world are getting ready for a trade war with the u.s. talks could had cell phone two fronts this week with the chinese over the touchy subjects of intellectual property rights and joint ventures highly anticipated trade talks on thursday and friday and tomorrow an exemption on steel and alum in your me imports from europe runs out german chancellor angela merkel and french president demand will mark or locate u.s. president donald trump last week to try to permanently exempt you from these tabs germany says it expects the tariffs to take effect with no word yet from the white house others to hoping washington will have a last minute change of heart. let's see if that happens i'll be a limousine to talk about it from the macro economic policy institute at the hunt's book the institute will he. i think we don't really know it's one of the things of donald trump does things very unexpectedly. and we just don't know yet there are

some last minute talks with. you commissioner for trade perhaps you can do something but i don't know you're expecting more than a tweet i'm expecting an entry that was something that it will be a last minute it will be very last minute but this president is so you know we don't really know what he what he's going to do but on the other hand i mean he was very strong and being anti-trade and being protection is so i think the likelihood is higher that he is actually imposing those kinds of terrorist but we don't know what the last minute talks will amount to if they sort of last minute things do have a damaging effects on markets whether over the short term but even looking to the long term we are talking about consequences here for exporters who made look to other markets to new customers in other parts of the world to trade with of course i mean the u.s. by having this kind of policy is damaging its own reputation as being some you know good negotiator that you can trust and that's this will have

a democrat in the long term too but in terms of really what is being negotiated here it's only i mean we should not dramatize what is being negotiated here because it's only two percent of you trade with the united states that is that is you impacted upon it it is a small amount but what about the counter tariffs that they a you have already threatened with yet the moment at the moment we see that e.u. ones plans to impose a terrace of denim on motorcycles harley davidson m bourbon which kind of sounds a little bit like a set you know targeting especially american goods even if those counter measures will be imposed this will still not amount to much however if then don it. hits back with with terrorism car. yes i think that would really really be very hard for the european economy will cause would really hurt when it comes to germany also symbolically considering cause of what germans as so well known for that's what the

germans are so proud of making how sustainable is this policy of trumps these tit for tat tariffs and these threats that he doesn't often come through it's not sustainable at all it wouldn't be if you would really go forth is that there's a lot of bluster about it because he would also hurt his own economy by imposing the tariffs on steel at the moment he would hurt u.s. produces which would which by steel which consumes you and by imposing a terrace on cars for instance a lot of american produces they produce approach and import that to the united states and he would also hold those kinds of american producers with those kinds of terrorists if it would really if the trade war would really escalate finally is trump so right to worry so much about his trade deficit enough a surplus i think yes yes the united states has the biggest trade deficit of the

world in the moment the european union has a huge and increasing trade surplus which basically means that the u.s. has now become the consumer of last resort for everybody else and basically also the china and the european union depend make themselves a lot of depend on the united states this increases on the one hand the pole of the united states to impose their will but also increase u.s. debts and this is also one of the problems. about thank you very much for coming in today thank you for as you heard that tariffs on european aladin even still would actually hurt the economy that much still companies here are preparing to hike the prices of their products in the u.s. and possible those costs to consumers they are. trade between germany and the us is booming last year volume grew to a total of over one hundred seventy billion euros with both sides exporting more to each other. increased u.s. import tariffs on steel and aluminum won't make much of

a difference to that either in particular because germany doesn't sell that much steel and aluminum to the us. global exports from german steel and alimony and produces were valued at over twenty three billion euros last year but only a tiny proportion of that went to the u.s. one point four billion euros that spell e six percent. and they're also very specialized products and alloys types of steel which aren't even made in the u.s. a lot of u.s. companies are dependent on importing these metals to make their products that means in the end u.s. consumers will wind up paying the increased import tariffs but that prospect still doesn't allay fears that the dispute could still escalate let's get some analysis from our financial correspondent in frankfurt linda holmes by in singapore starting with you ali. markets are doing much today the dax i've seen is flat lining is

that because there are always different drop. yes it is it's also just in part a little bit of that because it's a public holiday tomorrow labor day and germany and lots of people are not here but i asked a trader about that just about a half hour ago and he said you know trump you don't know what he will decide and the way he said it i just saw in his eyes that he was exasperated with people here and exasperated for a long time at this back and forth and this uncertainty but now it's coming to the fore and what's going on in this traders mind total uncertainty. must surely be going on in the minds of professional investors all over europe probably all over the world because if the united states imposes tariffs you will impose tariffs china will reciprocate in some point and growth will go down while inflation goes up in most places and that's spells trouble whether you're directly involved with

u.s. trade or not the thing is in germany most companies are directly involved in trade with the u.s. exactly the stuff we're talking about a lot of asian companies also a lot of asian markets are closed today but linda nonetheless when they reopen will there be mayhem if this global trade dispute does escalate where we're looking at a lot of this on seventy s. all he has actually mentioned and that is a cheat sheet for ted american office will actually plan to raise intellectual rights issues and joint technologies in joint ventures with officials and this is off the china has actually said that they are actually going to. imposed also tariffs on fifty billion dollars in chinese exports and another one hundred billion dollars more so these are actually adding quite a bit of uncertainty in the markets and we will certainly see that being reflected in the markets when it opens again and all covering asia for us in europe thank you

very much to both of you. sure jane is china's answer to silicon valley not so much a valley more a megacity built on state aid and foreign funds thanks to its outward oriented special economic zone but at what price to the local population because artificial intelligence and facial recognition systems ruled this city just forty years ago there were fishing villages here today shenzhen is a city of twelve million technology company one way is one of its many success stories constans and works for the telecommunications giant he's waiting for his morning coffee to arrive it's part of a test for the super fast mobile wireless standard five g. which will be essential for cell flying drones and driverless cars sense is not surprised change and companies a trailblazer in innovation. german companies tend to plan their whole business in

products far longer term in china and especially in shenzhen it's more about getting things done this is where the movers and shakers. while ways luxury is headquarters in shenzhen include several swimming pools the multinational has one hundred eighty thousand employees globally and officially its employees own and according to while away almost half of them work in research and development shenzhen has been designed to foster innovation the city's many shopping malls sell everything one might need for designing new products james show is one of the city's movers and shakers he has a robotics company this one can guide customers around a department store. shows firm receives state grounds aimed at making china world leader in high tech products but he says shenzhen has been key to his success. developing a model in silicon valley or elsewhere like beijing can take quite

a long time we might need three or four months whereas here we can do it in one and a half or two months. shenzhen is an ever more connected city as the while way show room reveals there's facial recognition and waste bins that signal when they're full and a central control room where all data like the city's energy use and the number of available ambulances is merged ai is also used to improve traffic efficiency unlike other cities with concerns about such developments shenzhen come sprint fast enough into the future. business was to a the to a

motto among the touch the to. the and least at full speed to a. few a chinese. the and but always almost. the a moment today and in the future.

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