u.s. president all trying to threaten even more tariffs on china rolled stock markets are as washington ask a tit for tat trade. the affordable office giving these old shipping legend a new lease on life recycling them to keep the space. by mr hour to one german intrapreneur started getting ready to leave turkey and blame a declining economy on the current president. hello and welcome to you business news update i'm funny char in berlin china accuses us president. male and again retaliate for the latest set of tariffs frightened by washington china's threat to the ational the food strong of us star its trump is not tall getting an additional two hundred billion dollars worth of chinese imports for the temper sent . shoppers in china might not be interested in every twist and turn of the trade

dispute between their country and the united states but the tit for tat spot could soon become apparent in their grocery bills these aren't just imported from the us are among hundreds of goods beijing has bagged to tax in response to a fresh set of terrorist threats from washington. the move makes good on china's pledge to retaliate up to the united states imposed an initial set of tariffs on fifty billion dollars worth of chinese goods. but if you needed further proof that china is no longer adopting a conciliatory tone in response to donald trump take a listen to this. but in china does not want to fight a trade war but it's not scared of one. you will continue to take effective steps to resolutely defend the country's interests of the people and to defend globalization and the multilateral trading regime.

that defiance stance has also been reflected in the attitudes of some presidents in hong kong. i don't think can win this trade war china's china has a really big economy they have other people who they trade with although u.s. might be one of the. largest countries that they do trade with and most of their exports may go there boy. that u.s. is also going to suffer from this maybe just as much or even more that china is suffering on both sides that is appears to be the most likely outcome as the battle over tyrants threatens to explode into a full blown trade war. that's got more on the let's bring in the quarter or man on wall street while coming out as we just heard i mean china and the u.s. are sick trading partners so what are the risk. of this move or potential move by

donald trump in constant tariffs. the past year the u.s. imported goods from china in the amount of five hundred billion dollars and china imported u.s. goods in the amount of one hundred thirty billion dollars so if you look at those numbers the possibilities of china at first glance seem to be limited if you look at tariffs but having that said china did mention that they also could take quality of steps or not just quantitative steps what they mean is that is that for example they could start a boy called for u.s. products that could disrupt the supply chains for example for the high tech industries and that could turn out to have unintended consequences for u.s. corporations and also for the u.s. economy talking about the consequences to dell plummeted for the sixth consecutive day already what are the sentiments on the ground what are you hearing. there so

far representatives from the ministration call it a trade dispute would not trade war and there's still hope on wall street that all those wearable threats are actually part of the negotiation strategy and that at the end we will not see those terrorists being implemented to but they're guessing at this time if the disputed shows escalate we could see the car industry the agricultural industry and many other parts of the u.s. economy being hit a little follow this story and see how we ask later he escorted thank you so much. all right to here have finally continent growing mens' after many months of polite but firm disagreement germany's chancellor and her french counterpart have laid out their plans to change the way the eurozone works first what's clear to have decided to push for the. creation of a single eurozone budget helping to bring the economies across the block into

a line that will be in place by twenty twenty one if all goes to plan they also want to start a funds to give loans to troubled countries in the event of another economic crisis ultimately protecting the euro called the european monetary fund but what we don't know is whole of the new budget the finance bill the other e.u. members agree with this path or citizens for that matter the plans could be seen as rich countries subsidizing the mistakes of the poor french president in manon of course saying an agreement is essential for the euro stability let's listen in. the creation of a euro zone budget is part of important reforms we've been working on together for a long time and it's a political commitment from both sides. and for something different if a full blown trade war does break out and we are left with all these containers i know

some people have come up with a great way of creating affordable housing and office space which is environmentally friendly on top of that the w.c. america reports from kenya. this may look like a typical construction sites but there's more here than meets the eye these are all form a shipping containers a company called containers kenya restores and sells them summer heads and sold directly others a modified and converted into apartments offices all small stalls their best selling product great no. i mean the biggest. ones that are the ones that are not. going to be growing some claims once again. but it's also really huge in shops and offices. in terms of what every new part by you in kenya old containers are often discarded and left to rust so to prevent that

container kenya buys them directly from shipping companies and really utilizes them that way nothing is wasted the company was founded in two thousand and ten and employs one hundred people of the interior designer grace ateneo is working on an office design for the managing director of a company which is the unit will cost about seventy two hundred euros that's about a quarter of what it would cost to produce the same sized building in stone. what i'm really seeing is open space and i need an office in constructing an office too expensive so in terms of cost efficiency and outlook. but is probably could have been particularly well for what i want to. contain is here we used only for food stuffs or similarly nontoxic goods the initial stage of a conversion is the most challenging cutting through the thick metal to create doors and windows once that's done the rest of the process is relatively quick in

a couple of weeks the workers have created habitable rooms complete with insulation electricity and interior walls ready to paint. and i think. these great. need from there you don't realize you're getting a lot of orders from roundup for example. uganda tanzania saving the future of libya. in nairobi there are many converted container is already in use these environmentally friendly structures and now a part of everyday life here. after sixteen years in a job turkish president wretch of type is again seeking reelection this weekend many see him as the man who put the economy on the global map but times have changed the turkish lira has been tumbling for months foreign investment is

declining the uncertainty is also prompting german businesses to pack their backs like this one. fresh fruit and vegetables are the bedrock of maurits fall vines business four years ago the german entrepreneur started a small company in its town bowl he made juice that he sold from a small shop but a year ago he had to close that shop down and many of his customers were foreigners who had left the country after the attempted coup he now sells mostly to hotels this is this is carrot apple and paper. he and his american partner built a business up together but now they are looking to leave turkey there's more driving their decision than a longing for home. life here has changed. it is and is free and open or as relaxed as it used to be. i think the main reason is that so many people are under pressure because of the

economic situation. so. the turkish economy has kept growing since the coup thanks largely to government spending but the turkish currency the lira is under severe strain that means imports have become more expensive the weak currency is also fueling inflation increasing numbers of people are experiencing financial hardship add to that the political situation and many foreign investors are feeling spooked . a little sun most also in the politicians are trying to make people believe that the poor exchange rate with the dollar well the fact investors are avoiding the country has to do with high interest rates which it doesn't and tacky everything is connected the justice system education security uncertainty it's all tied to the economy money coming down bombs you know the economy. the country his company will keep going under the management of a turkish business partner. and that's it for me on the business team here in

berlin thank you so much for watching. more. subtly faith in the north china concepts of election

and many and they can sometimes president bridge and try it out on the web and how often something even unseated and alter the form of a country payment she ends a national profile we'll tell you what you need to know the reporting of the live coverage from istanbul and anger on this week on the dollar you know for. me who do you think is going to be emotional. all the matches the scores. two goals and eighteen soccer world cup on g.w. . that people will hold on for more facebook and twitter to come up to date and in touch follow us. time for an

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