with ben you have that story has been has other business news up next and don't forget you can always get the latest news and information on our website. dot com you can also follow us on twitter and on facebook stand by. will be with you shortly. as long as. you know the banks. and so watch the language of. speaking the truth global matters g.w. made for mines. reporting from the white house. ground is shaking no but the central problem

was your favorite. to me listen to me doing them at churchill and you'll probably see the entire country champion free insurance for the last sixty years just for mines. another warning shot from the o.e.c.d. targeting trump tower the club of rich nations says any escalation of trade tensions could significantly hit global growth. the greek economy is back on track but many professionals are still stuck in temp work if they're lucky that is and as prosperity returns to portugal the wind makes a sweet comeback. as a one let's do business it's their last chance to defuse the trade dispute and prevent a. trade war european officials are trying to hold back the us from hiking tariffs

at an o.e.c.d. ministerial meeting in paris both sides have their list of targeted goods drawn up the organization for economic cooperation and development repeating its warning against import duties and slightly cutting its growth forecast for this year the clock is ticking and it's just a matter of days now before the u.s. start slapping tariffs on european steel and alan minium imports that's unless an agreement can be found before friday under mounting pressure the e.u. met with u.s. delegates for talks on the sidelines of the o.e.c.d. summits in paris the u.s. commerce secretary however said he saw no need for haste. can be negotiations with or without terms police news there are plenty of terms of the police and who knows and so it's not that you can't talk to us because the

terms. e.u. trade commissioner cecilia mounts trim rejected that approach she's warned retaliate three measures including a trade war would be on the cards if negotiations fail our future course of action will depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry and that could mean tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whiskey. nice to see they've got the shopping lists ready let's go of the conrad boozing and see what he thinks is a financial correspondent in frankfort colorado i'm betting we're not going to get anything out of these talks what do you think. well i think we have reason to be pessimistic mr ross is you know more of a hardline protectionist in the trump administration somebody who's more interested in creating jobs in american steel and aluminum factories then on international

trade also find found a quote today from what he said in paris he said he hasn't seen car companies closing up he hasn't seen can companies closing up because of the terrorists which are already in place since march remember countries like china are already paying them the e.u. and a few other countries only got a reprieve until the end of this week so what's going to happen at the end of this week. well it's most likely that if you know those terrorists will be imposed on european goods in america the europeans will pull out their list and put tariffs and impose tariffs on those american products which are on this list but you know i wouldn't start to talk about a trade war or about this being the beginning of a trade war we also should know that despite all the rhetoric despite all the

twittering by the u.s. president that you know bilateral deals are the better deals for the americans the americans the american administration has not left the go see ations in the multilateral institutions of mr ross travel to paris to attend the meeting of the o.e.c.d. or if we take for example this ad bus. struggle between the americans and the u.s. we talked about it in recent weeks we talked about about it at the beginning of this week this is in the framework of the w t o. the americans are still playing by the rules so as long as this is the case of course there's hope for a solution to be found there because you can paint an optimistic picture by calling all of this just putting it all down to squabbling but the trade tensions have been hitting global equities the question is when it's going to hurt global trade and the o.e.c.d. is already come out today with a and adjusted forecast putting global growth down

a notch. absolutely i mean the effect is there not only you know companies that have to deal with those terrorists directly got to feel it the protests in america are quite loud car makers can makers got to feel those terrorists and you know the immediate cost is only one thing of course this has weighed significantly on sentiment if you are an entrepreneur if you are a business person that wants to start a business you want to be sure about the framework that you're operating in if you don't know what this framework is you won't invest exactly it the nail on the head correct who's in first in frankfurt thank you the u.s. says it does want to go ahead with import tariffs against china after all that's a reversal of the softening position the drop administration was recently taking during trade negotiations with the asian powerhouse the move would mean

a twenty five percent tariff on fifty billion dollars worth of chinese goods within the next month chinese trade officials say they're not surprised by the reversal which followed criticism in the u.s. that china was getting the better deal washington originally announced the terms as retaliating for beijing's infringement of american intellectual property. greece's third and final bailout comes to an end in august but as part of the multi-billion euro lifeline credit is a demanding and you will stare any measure including wage cuts and higher taxes greek workers though have had enough unions have called for twenty four hours strikes widespread cancellations today for trains planes and ferries since the day crisis started in two thousand and ten greece has received two hundred sixty billion euros in bailout funds in exchange for measures such as public sector layoffs tax hikes and pension cuts the greek economy has returned to growth again but the pain is still being felt across the country these ferries and prayers

harbor won't be going anywhere today there's no one around to operate them it's a similar picture at many railway stations two workers are angry at the latest wage cuts in tax hikes in central athens thousands took to the streets in protest since the debt crisis started in twenty ten wages in greece have been slashed by more than a quarter the greek economy is now growing again but many greeks feel they're the ones paying for the recovery. of this you know the government has to stop stealing our money because that's what they've been doing because when someone puts their hand in my pocket and takes everything i have they're a thief so it was the government. were fighting together with our children and grandchildren to take back what has been taken away from us and to open new horizons for new conquests because the poverty here is a disgrace in the twenty first century. but. the

government says it understands the anger but is appealing to people to be patient it's going to be a long time before greece is finally out of the woods. greece isn't the only you country that only just survived the last euro zone crisis portugal also needed a bailout from a turn for a bit of stairs then a socialist government was returns of power and raised the minimum wage boosted welfare and reversed tax cuts on the rich the markets screamed in panic but today portugal has been growing every quarter since late twenty fifteen corporate investment has rocketed and the budget deficit has been hard to just over two percent the new policies also combined with a nice little earner for a sunny country. business is good for evil. he produces portuguese wine on his vineyard outside lisbon he has thirty employees and is

looking to expand in the beginning there. and then have to upgrade it to increase the capacity then we. we will double the capacity we. just. because we are in the maximum capacity of production and we have more demand and with what can you produce since twenty fifteen portugal's g.d.p. has been growing again last year by two point seven percent tourism has been the main driver more than twenty million people spent their holidays in the country in two thousand and seventeen the government has bolstered the sector by reducing b. eighty four hotels and restaurants. the country's ruling leftists also put an end to most austerity measures they lowered income taxes and increased the minimum wage . we have done some increases especially for most. people for the pensions but we have done these in the correct way by painting the

gross of the spending we did of the g.d.p. economists however warned that a collapse and tourism could spell trouble for the portuguese economy they point to the fact that the national debt is still around one hundred thirty percent of economic output. evil al gore's however is benefiting from the government's strategy the winery he says has never been as profitable as it's been over the last two years. people may soon find themselves unable to post on facebook the government wants to shut down access to the social media network for a month in that time it plans to find a move false accounts particularly those featuring pornography or defamatory information the government says it's also considering replacing facebook with a locally developed. critics accuse it of stepping up censorship. and this next footage may hurt. in the philippines authorities have begun

trashing hundreds of luxury motorcycles which was smuggled into the country some of the best known to will brands in the wellbore destroyed a backhoe pounded in trampled some six hundred fifty thousand dollars worth of easy riding the show shocking display was ordered by the philippines government in the hope of deterring smugglers the one i was doing business with if. you go.

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