and has yet claimed responsibility. china is slashing tariffs on imports as it 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. it's a 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 profit. under winter and this business update china says it will 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 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. 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 especially also the head of the treasury stephen 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 is 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 german carmakers more than u.s. carmakers if i have the numbers to write 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 with the

cars that they sell in china they produce them in china so they are not part of those tariffs and anyhow and also the number of cars that forte is exporting to china is not that much so the big beneficial risk could become in these like b.m.w. or. so that is funny so that this kind of approach from china might help the competition to u.s. carmakers more than the u.s. carmakers themselves ok not 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 whipping the italian economy into shape is a big ask what political party the five star movement has nominated little known more professor just said picante despite his lack of political experience and he'd have his hands full italy is deep in the red with national debt with over two trillion euros that's a quarter of eurozone debt. markets already making its lead 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 the 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 eurozone rules they want to see a change in these rules and they also have this proposal of using short term security is in order based 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 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 there a little over a month before the next election turkey's president type and the one is trying to create the image of a country with a strong economy and at first glance he is right the economy grew by more than seven percent to twenty seventeen but inflation is way above the target and the manage 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 juggler's 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 tire bet on 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. to 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 other ones 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 a raft of health problems meeting the demand for low calorie substitutes is rising in greece foreman 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 hell us is now europe's biggest stevia plantation. to begin with we knew nothing about how to cultivate stevia but 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 as. 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 located in front 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 the machinery and a bigger warehouse so we can collectively. process our state. and have a better product. someone else pinning his hopes on more cooperation and quality is andre s. kyra phillips his stere farm it's a two hour drive away to qualify technician's farm is one of fifteen the tesco like

co-operative. looked on them by my distance from the. food store for our final cause in good prices and of course there is a certainty about work and i said before that so i'll put it there for the south hostile to the water comes. with its own outlets that lies its members to pool 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 vendors today should see only one of its kind in the dairy sector its members hope more funding will enable others to set up their own co-ops or whatever. you call her first because you deserve them start over there early oh well the beginnings of

here give you something better something different to. her useful embassador together for cooperatives increase that principle has become a successful business model you and that wraps up your business update thank you very much for watching. the to. the to. the to the took. the top. of.

the to. you accidentally shat some trying to get. the trophy. time in the field to. get out. with him because it would always see. a ship this week on the w. o n learn german with. any time any place. whether with joe joe and your friends i expected him to go. with friends all over the world. and interactive. german to go. learn german for free.

loaf. we are watching a positive train now in the water and the poorest of the poor in poor countries started valuing education they are demanding good quality education for their children the cost but it warned also realize that if they have to have good quality products and good quality consumers they need the quality of skilled workforce i'm very confident that in two thousand and fifty no child or no i go through them and illiterate that is the fundamental human right that is the divine right which the nature of the god has given to us and go through all of this legend of it the right to love those who are stretching over the right to freedom there against nature be i can just walk.