china is slashing tariffs on car imports as a tries to cool its trade tensions with trump avoiding a trade war was seen as a done deal but the american president already says he's not happy. also coming up what keeps economists awake at night well just take a look at italy's new government increasing spending slashing taxes but will their plans work and sweet success experts blame sugar for all sorts of ills so replacements of booming producers in greece position themselves for profits. under winter and this is your business update china says it all slash import duties on foreign car starting on the first of july tariffs will be lowered from as much as twenty five percent to fifteen percent beijing's announcement comes as it tries to cool trade dispute with the united states the two sides recently decided to hold off on punitive tariffs on each other's goods that's well while negotiations on

a deal to narrow china's trade surplus with the u.s. continue it looked as if a trade war had been averted but now president trump says he's not happy with the deal so far. and then called on wall street for us yes it seems like a done deal now trump isn't happy what happens now. it will take time and that's what old saw you as president donald trump said that it will take a little while before there might be a solution to the trade talks but actually i'm not really that surprised because if you just think back a couple of days the u.s. government was talking about they want to reduce the trade deficit with china by two hundred billion dollars so that's not an easy task to achieve and one of the things that are still on the table is that if you as a foreign company if you want to do business with china you mostly have to make chile join a joint venture with the chinese firms so this is one of the topics that the u.s.

side and also alternations do not necessarily like so it's not that easy as specially also the head of the treasuries the even muchin said over the weekend and we did see the reaction here on wall street after those comments from donald trump that he's not satisfied stocks dropped by almost two hundred points that use this session prompted by those talks china's lowering tariffs on new car imports is this the monumental move carmakers have been hoping for. it is a little step and actually it might serve for german car makers more than us car makers if i have the numbers right i believe b.m.w. they exported cars in the one hundred seventy eight thousand cars to china last year general motors for eggs for instance they hardly export anything the cars that they sell in china they produce them in china so very not part of those terror of them anyhow and also the number of cars that forte is exporting to china is not

that much so the big beneficial risk could be companies like b.m.w. or. so that is funny so that this kind of approach from china might help if the competition through u.s. carmakers more than the u.s. carmakers themselves ok an old outcome there but an interesting one for sure young's quarter on wall street thank you very much for that. could a novice speed the next prime minister of italy within the italian economy into shape is a big ask but political party the five star movement has nominated little known law professor giuseppe conti despite his lack of political experience and he'd have his hands full italy is deep in the red with national debt of over two trillion euros that's a quarter of all eurozone debt. markets are already making italy pay more to borrow money earlier we asked financial correspondent john l. do alone just how much of

a nightmare the new coalition is for economists. well i suppose really it's a continuation of the ongoing nightmare that's been the italian economy we have a situation where they want to drive all public spending as you said and bankroll bankroll new policies that that would require more debt to finance and we know that that's against the euro zone rules they want to see a change in these rules and they also have this proposal of using short term security is in order on future tax revenue in order to pay off public suppliers and many are worried that that's really just tantamount to introducing a. a parallel currency to the euro so you can almost feel officials blood pressure is shooting up from here to brussels so though we're only at the beginning of this particular chapter heading off this economic nightmare will depend a lot on political sense and maybe rome and brussels will manage to head off an almost certain collision well maybe being the operative word genelle do malone

reporting that a little over a month before the next election turkey's president. is trying to create the image of a country with a strong economy and at first glance he's right your comedy group more than seven percent to twenty seventeen but inflation is what you above the targets and the man in charge is dead against raising interest rates. many young people in turkey can't find a job a sure sign that the boom years are over one in five in that age group is no jobless the country's economy has taken several hits in recent years one main reason more and more foreign capital is leaving turkey an emerging economy especially dependent on outside investment. those factors have sent the country's currency the lira tumbling by twelve percent since mid april alone it's lost seventeen percent since the start of the year. to stop the trend and to attract foreign money again the central bank would have to raise interest rates even

further it lifted one key rate to thirteen and a half percent in april. president richard tie a bad one recently called interest rates the mother of all evil and pledged to force the central bank into lowering them seen by many as an election bribe to indebted citizens and companies. better ones plan to influence this ostensibly independent institution is only likely to further deter foreign investors the meeting new jobs could remain a pipe dream for many for some time to come. our correspondent junia han is following this story from istanbul she says far too much of added wants vaulted to growth has come from projects which have little to do with sustainable productivity . well some analysts say that economic growth in turkey has been achieved through doping since growth rates have been powered mostly by stimulus measures and cheap credit from abroad and missed out on instead of investing this money in productive

sectors in agriculture which is important here in turkey he invested this money in infrastructure projects roads bridges skyscrapers here in istanbul and other capitals and major cities and he is especially fond of a multi-billion dollar project mega projects like stumbles gigantic third airport or a new project called canal istanbul which once it's finished is going to be something like turkey suez canal of course such projects attract a lot of attention but they don't help increase productivity so experts say this growth is not sustainable it's not healthy it doesn't help people to improve their living conditions now to a sweet tooth for profits sugar has fallen into disrepute it's being made responsible for raft of health problems meaning the demand for low calorie substitutes is rising in greece foremen cooperatives to boost production of sugar

replacement stevia. wide open plains and plenty of sun here in central greece conditions are ideal for cultivating stevia growing interest in the plants used as a sugar substitute has prompted seventy local farmers to clump together and form a co-operative stevia helos is now europe's biggest stevia plantation. to begin with we knew nothing about how to cultivate stevia step by step we discovered how to make sure it grows well. but every knock on. the farmers consulted scientists who told them more about the plants properties. as consumer demand for the sweetener grows farmers are keen to learn more about growing is a kilo of dried stevia leaves patches between two and seven euro's depending on

quality a large portion of exports go to germany and france demand for the sweetener in powdered crystal form is high too but there's only one factory that prothesis steve yeah and it's location from unsurprisingly the co-operative wants to open its own processing plant in greece members are hoping the e.u. will help them out with subsidies. for the next five years planting biased on new machinery and a bigger white house so we can collectively. process our stadium. and have a better product. someone else pinning his hopes on more cooperation and quality is on to re-ask paraphilia hysteria farm it's a two hour drive away to qualify technicians farmers one of fifteen the tesco like co-operative. to drown them by my decision oh sure i'll show. you it's all for our for our cars in the end with prices and of course there is

that he says and get out of work and i said before dark. it was so hostile to the water comes just we did own outlets that lies its members to cool their resources to milk it produces is cheaper than in the supermarkets and many would say that it's better as well. this collar also employs technician its customer service representatives i'm vendor is today's it's the only one of its kind in the dairy sector. its members hope more funding will enable others to set up their own co-ops with the logo of the girls' new coerce school because you deserve the style the earlier the all over food of the good news solution in the lives of things that service will be different for each foot better together for cooperatives increase that principle has become

a successful business model. that wraps up your business update thank you very much for watching. cut cut cut cut cut cut. cut cut cut cut cut. cut cut cut cut cut cut. cut cut cut cut. cut cut. cut cut cut cut. cut cut. cut. cut cut cut. cut.

they make a commitment. they find solutions. they can start for. africa on the moon the story of both people making a difference in shaping the nation an and the continent of africa on the move stories about motivational change makers taking their destinies into their own pam squinty w.'s new multimedia series from. d.w. dot com africa on the most. a blessing. and a curse. placed source of nature and in this scheme. monsoons the trouble first show funeral others a song of the so come to

a close source of flux closer to the structure place monsoon to starting may twenty third home g.w. her. leisurely. place. her. touch. the face. of. welcome to a special edition of kino from cal and every year the world's film elites.