Skip to main content

tv   DW News - News  Deutsche Welle  June 1, 2018 10:00am-10:30am CEST

10:00 am
term them so different we're going to dublin todd. going to. play. this is d w news the live from berlin the united states slaps tariffs on exports from its closest allies and they vowed to retaliate tariffs on aluminum and steel from europe mexico and canada went into effect just a few hours ago the targeted trio promised a counterpunch on american goods is this the start of a trade war also coming up is spain's prime minister on his way out mariano
10:01 am
rajoy faces a no confidence vote in parliament over a corruption scandal in his conservative party his chances of survival seem slim with the center left socialist poised to take power and it took twenty years now the people of a town in the indian state of common non-truth are celebrating the closure of a copper smelter that they say polluted their water and made the second. place. i'm sorry kelly welcome to the program great to have you with us thirty. the e.u. is waking up to an economic gut punch just a few hours ago the united states impose tariffs on steel and aluminum on the european union it's doing the same to canada and mexico negotiations in paris
10:02 am
failed to avert the tariffs and now all three are vowing to retaliate with countermeasures against u.s. products the standoff has sparked fears of a global trade war. as reality set in clear signs of frustration and even exhaustion on the side of europeans. still we're angry who's concerned outraged it's because we've been in talks with the americans for months now and only if they don't listen and they think they can belittle us but that's not possible and the americans and the europeans are allies and that's not how allies treat each other mom just finished policy and the e.u. now says it will retaliate with proportional imports on u.s. products like motorcycles jeans and whiskey a threat brushed off by u.s. commerce secretary wilbur ross been there for the those three tolly in the event of your mother's new will remain on why we should be as much as one percent own or. similar measures are being planned by canada and mexico which say they'll
10:03 am
put retaliatory tariffs on products as diverse as yogurt coffee washing machines and lawn mowers wall street was rattled by the flurry of announcements and indeed down on the day asian markets began down but recovered in part just the earliest signs of how the markets are assessing a possible trade war. and for more on this let's bring in now peter buyer he is the coordinator of transatlantic cooperation in the german parliament welcome to you and good morning good morning sir i understand you've actually been in washington in the past couple of weeks recently the transatlantic relationship it seems to be in shambles their assessment. yes they were they have been easy at times before a lot of pressure with that is there as out there that we can feel we have a whole broad range of topics on the table that are a burden. for the trans-atlantic relations iran nuclear dear the current tariff conflict in north korean two and some other things so that that is on the table we
10:04 am
have to deal with this why can't the europeans seem to outsmart donald trump i mean because up until yesterday the u.s. commerce secretary wilbur ross he. that the u.s. is willing to negotiate so who's dropping the ball here europe or the u.s. and i wouldn't i wouldn't say that it's you know one playing against a ball against each other the other but. it's true there have been a lot of negotiations going on before it's not that nobody was talking to anybody until the very last minute for example the german economic mr peter altmire asked how say you commissioner cecilia monstre a lot of people have negotiated and tried everything to prevent these you know from from happening what we see now that june first the terror some plan of a steel and aluminum this is not a game this is not a good signal not not good for the trans-atlantic relations not good for the economy so on and i think we have to go shit and talk further what is europe not willing to give the united states that the united states wants right now well from
10:05 am
the discussion that i had it for example at the d o c department of commerce at the national economic council in washington they were clear that is set. they expect from the european union a quota so that maybe on the on the on the trade volume is still a little minimum of two thousand and seventeen we put in a quota and then they were they would be open for anything else to discuss about but look i mean we would think and do it quite sure that is against w t o regulation and we want to play by the w t o regulations we believe in it let's talk a little bit more about the tough new c.e.o. regulations and what the europe plans to do now because for example now the u.s. e.u. announcing countermeasures is that wise though because the united states for example has announced that it has now launched as of yesterday an investigation into the auto industry here in germany and that would be quite a punch wouldn't it oh yes it would be but first of all i think we have to take seriously what donald trump says we cannot say oh they're still whole and he's not
10:06 am
doing it he's not delivering this guy means what he's saying he says it has announces and at the very latest when he says when he asked the. see to look into automobile terrorists this is something that we have to take serious so i think that is quite realistic that we will see countermeasures then again from the other side from the united states. so that we might be seeing an escalation of this we are not in a trade war yet but i hope we will never go there so again negotiations is something that that is needed. is something again that we strongly believe did but also been five hundred million europeans are the citizens that we are responsible for in germany and all the other countries and we have to protect them we have to rule we are responsible to represent their interests what do you mean when you say take seriously the issue because i mean if for example the automotive industry is indeed targeted how does germany prepare to react germany when it when it comes to
10:07 am
trade you know that since the lispund treaty everything that has to do with trade is on the european union level so of course our government is doing everything to you know really represent the german industries interests there it will hit us and again we are not there yet i mean the automobile terrace has not been announced but i think it's something that we have to look into it will be bad it will hit german car manufacturers but also the truth is it will as well hit the car manufacturers in the united states you're in a difficult position right now aren't you i mean if you have the title here coordinator of transatlantic cooperation trump doing what he promised when he got to do when he got elected basically getting hard on europe getting hard on you know countries and blocks that are traditionally seen as allies how are you navigating that where what gives me hope though is giving all this things that we have on the table iran tariff burden sharing not seem to want to know this what gives me hope
10:08 am
is everybody senators representatives present is off the off the administration are. emphasizing how important transatlantic relations are to them so that sometimes you wonder why then it comes everything together in such a close period of time but they say they are strongly believing in a strong trans-atlantic relations so this gives me hope and also those positive signals when it comes to a you know revisiting relaunching something that we call back then teated negotiations i don't see it right now there are other issues on the table but they want to talk about fair and free trade across the atlantic that gives me hope so we should not turn away from the americans we should again is to should take them seriously and they have to take us seriously as well but that optimistic assessment we thank you so much for joining us this morning by our coordinator of transatlantic cooperation in the german parliament we appreciate it thank you very much. let's get more now from monica johns who is standing
10:09 am
by as she is crunching a bit of the numbers for us this morning. indeed here i am and you've mentioned cars already and the impact for the german car industry male so far we have u.s. tariffs on european steel an alum in young but u.s. president on a truck could go even further and slap terrace on german cars he's talked about that and media reports suggest that he may even want to bat in german luxury cars imports altogether because he says there are too many of them on the roads of america and too little u.s. cars in germany fair enough but u.s. motorists interested in switching from b.m.w. to foretell the likes will detail the use claire richardson gauge the mood on the streets in the u.s. capital. luxury german cars are a common sight on the streets of washington d.c. and the idea of blocking their import isn't so popular. people want to buy german cars they should be able to buy drugs probably. want to see better but maybe maybe
10:10 am
a little better i think i may view of american cars that they fall apart pretty quickly and german cars jounce they tend to be nicer than i can cars i think the engineering tends to be superior again impressions donald trump thinks there are too many of them in the u.s. even though german carmakers also run assembly operations that all together provide tens of thousands of jobs for american workers but the us president still sees the business relationship as an unfair one way street in twenty seventeen german automakers exported more than six hundred fifty thousand cars to north america but many also have huge factories in the united states that employ more than one hundred thousand people in fact they built more than eight hundred thousand cars on u.s. soil last year alone. that means a ban on imports not only would fuel the tensions driving trade policy between the us and europe it would also have major consequences for american jobs.
10:11 am
but in terms of a ban on german car imports we're not there just yet however with the u.s. going ahead with tariffs on steel and alinea brussels has drawn up a list of retaliatory measures noelia i asked my a director of the center for international economics in munich if those measures a strong enough to prevent things getting worse like tariffs on german cars. car tires would be very different we have tried to estimate the economic costs of those tears for charity for example you find five billion euros of damage to german across the rest of product that would be a very sizable and indeed we need to do everything to avoid those tariffs but we do think well we need to make clear that we would react strongly if those terrorists where in post we are not a situation that would control a cold war and we need to we need to terence and what we can do in europe is to
10:12 am
point to that large surplus that the u.s. has in digital trade and we need to save clearly if you will attack us really to the heart of the european economy which is congress then will bring a counterattack into what is the heart of the american economy and that will be digital services now this dispute has been brewing for quite some time do european companies and german companies in particular car industry and so forth do they have a plan b. somewhere hidden in a drawer which has to come out now i think the industry is relatively well prepared and we're talking about the trade conflict since donald trump was elected that's more than a year ago but the police decisions are not exactly well prepared i would say europe is not really united in this case the situation is very different in different you countries that differently effected by an escalation of the trade war and also the delegates the old members are not united what we need to do not insure
10:13 am
many is to make sure that you rypien stands to get there in this and also the other the beauty all members of the similar effected by donald trump's aggressive trade policies stand together to defend free trade the right guy to have been my a director of the center for international economics in unix thank you so much. well i have another big story also related to the us regarding deutsche bank i'll come back with that later as we look forward to it monica but in the meantime we'd like to get a quick check of some other stories that have been making news around the world north and south korea have resumed senior level peace talks they come as the u.s. continues its push to persuade the north to give up its nuclear weapons seoul says that reconciliation between the two koreas will be a key part of efforts to resolve the nuclear standoff with pyongyang a new populist coalition government is set to be sworn in in italy today coming prime minister in coming weeks we've all rather warm seppi conti announcing his
10:14 am
workings by the cabinet last night of the new coalition is made up of the far right league and the anti establishment five star movement. let's head to spain now where m.p.'s are debating a no confidence motion that could lead to prime minister marianna roy losing his job roy will likely lose the vote after smaller opposition parties said that they would vote against him the motion was brought to parliament following a long running corruption scandal involving rejoice in the service of the leader of the socialist party petro sanchez is likely to replace her heart such as has promised to call a snap election if he becomes prime minister. for more let's bring in martin roberts correspondent joining us from madrid at this hour welcome to you martin tell us if prime minister mario monti marianna does not survive this no confidence vote what would the impact be there spain. well the biggest thing is political civility because it could well be facing general elections in as many
10:15 am
years as. opposition leader and she is only commands eighty five seats and three hundred fifty members so it seems very unlikely that he can for a workable governments although he has said that he will try to do it not on the other hands some of his main rivals have said that they do indeed want. to come as early as in september. he has said that he will try to smooth relations with one of you know what was a major cause of instability is everybody plus the also he said he will hold direct talks with the you inform government and he's also said he will respect. our cations of five hundred billion euros to the bus country hence mollify opinion on the other hand the big base any government will have to slice sixty percent unemployment but still why where it was with a crisis started ten years ago so that's the elephant in the living room so whoever
10:16 am
is in charge well we're in for a few there with rocky laws and one set and you know rocky ride is is something that you're up to doesn't like tell us what the implications could be for the block . ok as far as your concerns that spain is most of it what's the matter is that most of the main political parties here are you know once you start wishing to unseat your again some shit is most likely left with no use of seriously of the austerity law that's the hunted down by the european central bank in the last few years on the other hand i think there's a very broad consensus joy in europe in one thousand nine hundred six was a lot to consolidate its roots to democracy to foresee all horrible years of civil war and dictatorships and no one's going to rock the boat in the sense so we may have some sincerity in politics we may have some regional separatist moves on the other hand we're not going to see anything such as we've seen recently martin
10:17 am
roberts in madrid thank you. well as promised monica is back and we are talking in detail a sara ratings agency s. and p. downgraded to the credit status of the largest bank this after the federal deposit insurance corporation that's a u.s. agency charged with maintaining stability in the banking system has named the bank's u.s. business troubled and this is another blow to germany's biggest lender whose new c.e.o. just announced restructuring plans to put a dollar chip back on track. the news had to each bank shares plummeting to an historic low one says day with the wall street journal reporting that u.s. institutions had lost trust in the bank about a year ago the federal reserve labeled the bank's u.s. business as troubled that's now let the united states deposit insurance f.d.i.c to add deutsche bank to its list of problem banks the list specifies those
10:18 am
institutions with weaknesses that endangered their financial viability. the new blow comes in the middle of restructuring efforts deutsche bank's new c.e.o. christiane's evening wants to bring it safely back into the black again after three consecutive years with losses and that's no small undertaking deutsche bank shares have tumbled by more than forty percent since the start of this year. and that brings us right to our market correspondent who's not the front stock exchange how bad is it for doing. well first of all i think it's important to say that this is coming at a time of very shaky markets trump trade policies have caused a lot of new uncertainty among investors so that any news is likely to have a much more crass impact than usual and for deutsche bank of course this is coming
10:19 am
at a very bad moment given that the bank is in this restructuring process especially in its investment banking divisions in the united states where it's laying off a large amount of its workforce and now of course many more clients might consider or reconsider and think twice if they want to make large transactions they might consider whether those a bank is really the right bank to do this and how does as in peace downgrades play into all this what impact does this have. well the immediate impact of course is that deutsche bank will find it more difficult to refinance its. but what's more this is also very bad for those banks reputation as this new credit rating by standard and poor's triple b. plus is only two notches above the investment grade so that ease
10:20 am
if you want a vote of little confidence here by the ratings agencies and it has to do with the future strategy s. and p. in its report writes that it appears that the bank was set for a period of sustained underperformance compared with its peers many of whom already have finished their restructuring the outlook for the bank is really not behind and . to go to sara who takes us to southern india yes exactly we're heading to that country now because the government in the indian state of tom nadu has ordered the permanent closure of a copper smelter that has been the target of twenty years of protest by the locals there the smelter in the port city of to prudy has been accused by residents of polluting water sources and causing serious illnesses the owner of the copper smelter plans to appeal against the state government's decision in court but for
10:21 am
the time being people are savoring their victory and our correspondents on the funny car was there and she sent us this report. sighs of relief into to cody. yeah right it's a moment these rest of us have been waiting for for over two decades. the government has ordered the permanent shut down a store like. a factory the people here are the accused of polluting the environment. fatima baba has been spearheading the campaign of words your lungs yes sometimes our legs don't stand right. a protest for the people by the people they shot. but also as a heavy cost. recent demonstrations against the couple planned turned violent last week when police clashed with protesters. at least thirteen people were killed by police gunfire sparking up but. since then an uneasy calm has
10:22 am
prevailed on city streets security has been beefed up signs of the recent tensions are hard to miss. at the public hospital an entire ward is filled with victims of the pilots many with serious injuries the state police give no warning before firing with live ammunition. a few ministers of visited offering compensation to the injured but the anger remains palpable. those among them along the wall i'm angry at politicians but i'm even angry at the owner of the factory where was his humanity. the star like copper factory is the target of the anger it belongs to british mining giant with on top it's been shuttered for nearly two months the company had been waiting for a new operating license amid allegations of pollution. activists have claimed for years that the plant stocks acquits affects the environment around. they also say
10:23 am
stuff like copper has dismissed people's concerns. and bright government officials to get its way every household sports if i'm allowed to use the word sports a cancer victim we have taken them in the water for sampling. and all these have proved that certainly it was the company doing the damage to date has been no comprehensive study to assess how the splinter is affecting the health of locals. this is the ground water is only fit for washing dishes. for everything else they relied water tankers. and her daughter gemma to say they've both develops a view about submitting and have difficulty breathing down the sound the doctor says it's an infection in the blood that's linked to air pollution. the most husband used to work at the coppersmith he collapsed when they indict she also lost
10:24 am
her sister and her son to cancer and. convince the couple plan to stimulate. we don't need experts scientists to confirm or deny the pollution that we smell and see and live with every day. i love me. as a writer because we tried repeatedly to contacts to like the company refused to give us an interview. as news of the shutdown or the spread of the protesters breached. their victory hoping that maybe. we don't know has about to challenge this latest closure in court. to tennis now and the french open where a former champion in three meanwhile in the men's draw rafael nadal is through after another straight sets when the spaniard is in fine form and looks on course
10:25 am
for an eleventh title on the paris clay. you know very happy to do to keep playing then he said my age because i. i heard it all my career that i'm going to have a short career because of my style of game so it's something that i am very satisfied to hobby off that old troubles that i had in my career in terms of injuries to be able to keep being gone by that if for for so long. and age of thirty two almost. real madrid are searching they are starting their search rather for a new coach today after that it seems that don announced that he was stepping down his exit stunned the world of soccer as it came just days after he led the way out to their third consecutive champions league title saddam told a press conference that it was his own decision the club president florentino perez who was on the left there in that video that you can see admitted that it had caught him by surprise was it done took over the reigns at ryall in january of two
10:26 am
thousand and sixteen and he has won nine titles during that tenure. track and field now and the american sprinter running baker has shown that he is the man to beat in the one hundred meters by upsetting his compatriot chris coleman for the second time in a week baker pulled away at the diamond league stop in rome and he put up the best time of the season so far nine point one three seconds coleman had pulled up just before the finish. earlier on thursday a record setting come from behind performance by qatar's top hurdles athlete that is. he ran past the world champion carsten war home of norway to win the four hundred meter hurdles zomba ran the fastest and then time in nearly a decade and set a diamond league record. congratulations to that now quick reminder of the top stories that we have been following for you the united states has imposed tariffs on steel and aluminum from three of its closest allies the european union canada
10:27 am
and mexico all three nations have vowed to retaliate with tariffs on american goods touching off fears of a trade war. and with that you're up to date now on t.w. news we have more coming up at the top of the hour thank you so much for watching i'm sara kelley in berlin hope to see you could see. the.
10:28 am
more intrigued by international talk show for journalists to discuss the topic of the week twenty five years ago a racist alson attack on the house of a turkish family in the german city of solingen left two women in franco stead and fourteen others injured the questionis house germany changed since then find out shortly from florida. next on d w. o wonderful mountain landscape and a man as strong as bear. can all be found in a high top trauma out of northern slovakia. thirty share first carry supplies to the mountain hudson and once a year they participate in a moving rain. kings of the mountain. europe's last
10:29 am
sheriff's thirty five minute long i don't believe. global inequality. connected well. when differences become disadvantages. in the density of strongly. go to the media. and have your. own media form twenty eighteen place each time on. earth a home for saving googling two years tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global ideas the environment series of global three thousand on d w and online.
10:30 am
alone a very warm welcome indeed to quite a drinker in this week all eyes here in germany have been on the western city over zola going west twenty five years ago a racist arson attack on the house of a turkish family left two women dead and three girls also dead fourteen others were injured german chancellor angela merkel and turkish foreign minister. who took part in ceremonies that commemorated the events of may the twenty ninth and.

40 Views

info Stream Only

Uploaded by TV Archive on