hali davidson is heading out on the highway to thailand the saying they're going to make more bikes abroad in response to the high cost of tariffs donald trump isn't happy also coming up crude tactics america is pressing for countries to stop buying uranium crude by november the price of oil soars on the news and public transfer transport transformation and china wants pole position in the emerging market for electric vehicles. i'm daniel winter and this business update. trump has hit back at holly davidson after the motorbike make a said it would send some of its production abroad to avoid levies that south of predicting an annual increase in costs of one hundred million dollars a year due to the e. use tariff countermeasures us president retorting that holly davidson was just using the terrace as an excuse meanwhile trade commission has a celia miles from giving her two cents telling trump the move by holly goes to

show there are consequences for not respecting global trade rules. the harley davidson an iconic american brand and now a symbol of u.s. president donald trump's protectionist trade policy. decision to impose tariffs on the motorcycles came after washington introduced levies on steel and aluminum imports. but instead of stepping on the america first bandwagon harley davidson responded by saying it would ship some production overseas. unsurprisingly that didn't go down too well with the protection of the president. characteristically fiery tweeze he rose harley must know that they won't be able to sell back into the united states without paying a big tax. also claimed that harley davidson had decided to move jobs from kansas city abroad before the e.u. introduced. the motorcycle maker denies this is the case. among

those criticizing trans trade dispute with the european union is the governor of wisconsin where harley davidson is based scott walker tweeted that a new tire of policy would be good for wisconsin money factories and farmers. but as the tit for tat trades but continues there could well be more tariffs down the road. for the boys of all is on the rise out of the u.s. says it will push for oil consumers to stop buying iranian crude. reporters it's just the latest move by america to economically isolate iran. if the united states has its way iran's oil industry will be crippled by the end of the year donald trump has called on all countries to stop importing iranian oil from november should u.s. allies comply if the effect would be dramatic oil is iran's most important revenue source at present it produces some three point eight million barrels

a day of that the country exports two and a half million barrels the majority goes to china india and turkey but other countries including japan south korea italy germany and russia are also in the top twelve export destinations. a u.s. delegation is reportedly planning to travel to the middle east next week to urge gulf producers to secure a global oil suppliers after u.s. sanctions are imposed. iran's government has promised its people that the country can withstand a fresh u.s. sanctions. against it was kind of expected but nevertheless now it seems investors are anticipating. that oil supply. well china india korea and turkey are the biggest importance of iranian oil and specially when it

comes to china india and turkey it really remains to be seen if they will go along and really stop buying iranian oil when it comes to november having that said what also remains to be seen who could fill in the gap just recently iran exported about two and a half million barrels of oil a day that was about one to one and a half million barrels a day in comparison to twenty fifteen so we don't know where for example saudi arabia could fill the gap and we did see quite a move when it comes to the price of oil and that's increased by a good three percent and western texas intermediate that the oil that we trade here in new york crossed actually there seventy dollars mark per barrel and the u.s. will be having to sell some of that shale there too and general electric shares have shot up after it's announced it spinning off two of its businesses one and oil

tech business as well what's the thinking behind the move. well if you think it in a short term it brings more money to investors and it gives also more money to generate it to itself and they had quite some trouble in the past couple of years in the year two thousand g.e. was worth almost six hundred billion dollars back then it was the most valuable u.s. corporation now as the valuation is down to about one hundred billion dollars so if it's a good decision in general especially to sell the or get rid of their health care business that was growing and deposit in the recent past the remains to be seen so long term questionable short term it's good for investors and that why the stock shot up by almost eight percent it was the best day for the g.e. stock in a volatile i'm three years and by the way this was the first trading day for general electric in over a century that it's not a member of the dow jones industrial average anymore it got replaced here on

tuesday by the company walkways so bit of positive news coming out of the eventually four g. eight against thank you very much found some more powder positive non-tariff news a german commission has recommended raising the minimum wage here next year by four percent to nine euros nineteen an hour the idea is to boost private consumption in europe's biggest economy german government is widely expected to open a proposal which include a further hike before the end of this decade and ploys have been required to pay minimum wage in germany since twenty fifty. india's economy is growing rapidly but it could be expanding even faster if it weren't for the country's crumbling roads railways and utilities where in dire need of investment now the government is calling on the asian infrastructure investment bank to stump up some of the cash. in delhi getting from a to b. can be quite a challenge heavy traffic and poor signposting are

a headache for any commuter but for those in the delivery business subpar infrastructure takes an economic toll to. electricity access is also a major issue with millions of people in the country still without power. perhaps it's no surprise then that indian prime minister narendra modi has appealed for a ten fold increase in financing from the asian infrastructure investment bank from four to forty billion dollars by two thousand and twenty. i want to comment on my. own. remark right. or wrong. and i've. only got. this. right. in. my going to. the. coming. of them

are one hundred. with a growth rate of over seven percent india is an increasingly attractive destination for foreign investors but to maintain the trend the country will have to follow through on its pledge to improve basic infrastructure. the other side of infrastructure now china is determined to become the leader when it comes to electric mobility to get there at subsidizing car prices assuring producers with quotas among other rules including overhauling pollutant public transport now the city of leading the way. a light hum instead of the roar of a diesel engine in just three years all of change and sixteen thousand buses have gone electric the city's bus drivers have been retrained and there are now five thousand charging points at bus depots. a fully charged bus can travel two hundred kilometers that's about

a days driving. genting you is spearheading the changes. we can charge the bus in the evening when services have stopped for the day. that's good because electricity costs less in the evening only you mean so the bus company saves money she did the means and. electric buses cost about twice as much as diesel ones but because power is relatively cheap in china the city council says electric buses cost less in the long run it claims the local economy has benefited to the buses or made by b.y.d. a car maker based in shenzhen b.y.d. is a global market leader when it comes to electric buses supplying cities like london and budapest. it's just. it's just a baby step out of the wind in the face we did. not only that but those of us that. need to file

a tax. plan when it comes to electric mobility. have already gone electric. which the. not everyone however is happy. i. have to charge. and. i but the city's government is having none of it and says the prices make up for any other losses and drivers have to make sure they

take regular breaks anyway. business update thank you very much for watching.

i wouldn't have been fighting for decades to take you seriously in the world of what here's what's coming out women strong on top of her. the superhero movement the smart talks smart stage the legend frank recently dangerous time for w. me for my. injury the conflict zone confronting the powerful. as f.b.i. director james comey was always pretty well known the window of charmed five year last year to speak his fourth trip to measure again this week he's my guest here and by the way he's promoting a book even as he faces new charges of insubordination so what's the truth of the conflict zone confronting the powerful on t.w. . we have a terrible problem with biofuels right now in this in that they're eating

they're taking food. so i've made a prediction that about a century from now maybe two. we have a new industry that grows up that supplies carbon for industry. you can imagine making synthetic fuels out of carbon that you broke with plants it will be in salt water goes to syria will be in the ocean. and the reason it is if it's on fresh water supplies water it competes with food that is a perfectly possible scenario food. cooked.