and he's bringing you this story the u.s. has postponed a decision to impose tariffs on steel an element in imports for months but the e.u. is calling for permanent exemption from the terrorists will be getting more from brussels correspondent that's up next on new day w. bush has. more world news at the top of the hour of course in the meantime now you can get all the latest from our website w dot com thanks for watching. we have cold so this president writes a tie about one fourth and i mean. just for celebration world press freedom day may third on t.w. . disentangling times when i ask him to directors or dealing with a need to know they killed many civilians would mean i should come including my

father while. i was a student and i wanted to build a life for myself. but suddenly life became knowledge kind sob. providing insights global news that matters d. w. made for mines. pulling back from the brink of a trade war u.s. president donald trump postpones a decision on steel and aluminum tariffs until next month but is he just kicking the can down the road. as many countries mark the international labor day we'll take a look at france and how sweeping reforms are impacting workers' conditions. and fishermen are losing their jobs for the sake of the environment how do you fishing regulations are threatening livelihoods. it's our business on the w i'm here to get

us welcome to the program the european union says there is no justification for controversial u.s. tariffs on steel and aluminum and that it wants a permanent exception the e.u. was responding to president donald trump's decision to delay the imposition of such tariffs just hours before a deadline was due to expire the e.u. says it has noted the move by trump but that the postponement is prolonging uncertainty for businesses. a sigh of relief for the steel industry at least for the moment for the next four weeks the e.u. can sell steel and aluminum to the u.s. without additional tariffs then negotiations will come to an end with says washington no more extensions in march trump announced plans to slap levies of twenty five percent on steel and ten percent on alimony i'm imports to the u.s. then two weeks later he granted the e.u. and six other countries

a waiver that tends to day washington says it's been unfairly treated in trade with the e.u. it once concessions from brussels. a comparison of tariffs on five thousand products shows the europeans charge an average of five point two percent levy compared to just three point five percent by the americans. on tuesday the german government said it had julie noted the extension and expects a permanent exemption from the tariffs but to prevent a trade war between the e.u. and the us negotiations must now continue apace. the us is neighbors mexico and canada have also received a month extension meanwhile south korea has already found a long term solution as part of a free trade agreement with the us the details of that though a not yet clear. russell's correspondent maxwell fund has been following all these negotiations for us it's good to see you max hi now after this deadline

expired and we know that we're have to going to have to wait until june. we would assume that the e.u. is happy about it but they don't seem to be that satisfied with what's going on you know we don't have a whole lot of reactions here are two reasons for that first of all it is the first of a so it's a holiday and the second reason is and you said that earlier javier most people here have the impression that this is just kicking the can down the road and a lot of people are fed up with those last minute decisions on a monthly basis now the e.u. has said repeatedly that they don't want to negotiate under threat but that's exactly what's happening right now so what do they expect to trump just simply retire or somehow take back those tariffs now the official position by the u. commission is of course they want to permanent exemption from those tariffs but behind the scenes more is going on they're willing to do something to soothe the trombetta ministration we're even hearing the bad word again t. to remember that one that was supposed to be the comprehensive trade deal between

the e.u. and the u.s. but that put on ice might be on earth yet but a light version only for industrial tariffs something that the germans would like we're not there yet though and one thing's for certain if they really want to negotiate free trade agreement even if it's a light version take more than one it's going to be very complicated however a permanent solution could be reached other countries did it australia argentina and brazil reached permanent agreements with the u.s. on this do you think that could be a base for negotiations for the e.u. . this is this is complicated because we looked into australia here and the thing is they didn't change anything they didn't negotiate anything they still have the same free trade agreement they had before with the us the only difference here is that the us has a trade surplus with australia and of course the situation with the european union is exactly the other way around that's why the u.s. might be insisting all right national fund from brussels thank you very much for the analysis. now in the wake of the financial crisis the

european union's economy is finally moving forward again although slowly millions lost their jobs in the crisis and many countries record unemployment is falling again to pre-crisis levels but rates vary from country to country let's take a look at some of them germany remains the economic powerhouse with three percent unemployment only in france unemployment has been steadily declining and it's under nine percent for the first time in many years now the economic problem child remains screes with an unemployment rate of twenty point eight percent but german unemployment has been falling for years due to so-called hearts for sweeping labor reforms beginning fifteen years ago aimed at full unemployment for employment rather now more reforms are aimed at getting those trapped in long term unemployment back on the job france on the other hand now finds itself in the middle of its own reforms making it easier to hire and fire the government is hoping businesses will take advantage of more flexible loss to create more jobs the

question is how can greece fight its way out of unemployment misery it plans to lower the minimum wage and also curtail job protection measures to stimulate the labor market three countries with very different conditions and very contrast saying ideas of reform and there is still no unified labor reform or labor law for the entire you we stay in greece though because at least the other side is finally getting some credit but the other kind of quit after a painful recession the european commission has now praised the country for making encouraging progress on its debt reduction giving it a positive growth outlook that's good news for the country's finances and for greeks who have long struggled in the shadow of financial insecurity. greek prime minister elect press has good reason to smile he's received time praise from o.e.c.d. secretary general and head for his country's impressive progress and reforms even

though they were not voluntary and sometimes against the will of his people reese's reform efforts are paying off. the greek economy is growing and. we think this year it's going to grow to brazil. perhaps next year two point three percent. that's why the country intends to leave the aid program by the summer and stand on its same two feet in order to achieve these goals the o.e.c.d. feels that greece needs to use reforms to further reduce its debt members of the euro group have even hinted that greece might receive debt relief although germany would be against the move. some important corporate news now and take a look at this figure seventy one percent that's how much british oil giant b.p. is profits soared in the first quarter of this year compared to last year's first

quarter and that beat analysts expectations the jump follows a rise in oil prices and production b.p.'s positive showing is in line with its peers shell and chevron the oil sector is benefiting from a massive price rally or oil prices have shot up above seventy dollars a barrel from below thirty dollars early last year. it's the first of may we have been talking about labor reforms but there are other reforms that can also affect the working conditions let's take a look at what's happening in the european union right now fishing regulations for the oceans have been changed experts say three quarters of fish stocks in e.u. waters are being overfished in order to allow stocks to be replenished the e.u. fishing minister has said stricter catch chorus that's likely good news for the fish but very bad news for local fishermen. it's nearly six in the morning and the sun is rising over the western baltic sea fisherman andreas look and his colleagues

have been on the water for three hours they barely notice the sky instead they're busy heaving nets full of herring up on board it's back breaking work because main fishing ground is the bay of graphs the herring returned here in the spring to spawn. here gator of course we're going to leave this cat's area now because the herring have finished boning we can see from the dirty anchor that their work here is done the area is full of roll and built more move so look ahead to ten minutes further east to cast his nets out the european union has lowered this year's catch quota by thirty nine percent that means that fishermen will earn over a third less income from their core business today look at has caught around two tonnes of herring that's around nine hundred euros in revenue he's almost reached his seventy ton limit so he can only fish for herring one more time this year.

for most of my knowledge before i would have to return to the old colt all one hundred seventy tons to be able to earn a half decent income we're pushing everything to the limit or paint the bolt and clean it and the water only what's absolutely essential we have to save where we can to try and balance the books but they will be. but there's little chance of raising catch limits for herring right now in fact the tuna an institute for baltic fishing is considering further curtailments instead temperatures are rising in the baltic making life tough for the fish. until the mid one nine hundred ninety s. reproduction rates were very good but since then there's been a continual decline the only factor involved is water temperature which is affecting various areas. but unless limits increase lipka and his fellow fishermen will have to hang up their nets soon they'll be no point catching herring they'll

shut up shop like a thousand others in the region before them. that's all for. remember if you want to stay up to date with the latest this is news just log on to the dot com or follow us on twitter. on behalf of all the team to all of you who are in country celebrating first of a very happy labor day until next time. comes back at the top of the hour see that .

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