you're watching d.w. news still to come global worries over a looming trade war between the u.s. and china so who will pay the heaviest price businesses or consumers. that story coming up with oh no we're also you know forces and good news for you sumi unemployment in spain down and there was not been a decade all right that's coming up in one minute. to. upgrade yourself which b.t.w. interior design channel on. europe. look united. look to voters. looking.

trudging for. what binds the continent to cut the top to answer them stories of plum trees. spawn why don't people. play the sun girl on t w. i think. asia share as well you don't want to trade war concerns the u.s. and china promised one would take the time and it looks like the consumer will be the one shelling out for a rise in protectionist policy. also coming up here in europe call makers brace for lead these on their imports to the u.s. with analysts warning any such move could hurt business on both sides of the atlantic. and looking up spades unemployment rate falls to its lowest level.

eight decades. this is your business update on how to humphrey. glad you could join me well asian markets have been tumbling as trade tensions rise shares in hong kong's stock market slipping two and a half percent earlier this is the u.s. and china the world's two largest economies prepared to slap each other with tariffs on billions of dollars on each other's products come friday and for the most part it looks like its consumers wallets which are set to take the biggest hit . a large number of u.s. imported products including nuts cheese meat and whiskey are said to be affected by the tariffs with just days to go before the next round of tariffs kick in customers at an international supermarket chain in beijing are distinctly unimpressed i think it's stupid that no one is getting anything. really stupid. retailers are also concerned about the trade dispute and they say the prospect of

a hefty a shopping billed will lead to declining sales of american products which they stock. here if you were a jazz just see. if these tariffs are added to then we will definitely have to adjust our prices if customers feel that the price is a very high after the adjustments and sales will go down shall go down he said you know. most people aren't thinking about the billions of dollars at stake on a national level it's the direct consequences the trade will have on the hip pocket that worries them they're pushing the horses harder and think it's a good thing for the politicians shouldn't create trouble for people americans buying chinese products need them to be cheaper likewise the chinese people buying american products also need them to be cheaper that way everyone would be happy right article said. but it looks like trump's trade war will have chinese customers saying cheerio to american imports. meanwhile u.s.

president donald trump has ruined the world trade organization that if it does not treat the u.s. as he feels it should be he will be doing something he's also announced a meeting with european officials over the trade disputes off the e.u. reviewed it fell to fight back against his threat to impose a twenty percent tariffs on car imports now and unless it is sent to washington the european commission also said that the move could cost the u.s. up to fifteen billion dollars in g.d.p. or to make his own both sides of the atlantic have warned that higher levies could end up haul me. so the white house is saying the car industry is one area that the e.u. is clearly taking advantage of the u.s. does the chump administration have a point the u.s. g.t.s. on a car imports from the e.u. with two point five percent meanwhile the eighty year levees are actually ten percent in imports from the united states so quite a difference that but those figures will there be tell half the story when it comes

to s.u.v.s and pickup trucks the u.s. auto industry is main source of income in new cars was subject to twenty five percent in tariffs the a you on the other hand only ten percent that twenty five percent tariff it actually takes back all the way to nineteen is sixty three and it was known as the chicken tax because it came in response to tariffs the fronts of west germany imposed on imports of u.s. chicken just goes to show you that trade tensions are nothing new and can be quite complicated well let's bring in an ng host he's an automotive industry analyst from every corner i s i london he joins me on the line now the german car industry has just published its healthier results do we see any signs of crisis there well when you look at your prices this is a full blown crisis because their prices have fallen like a short night so the investor base is clearly in the lurch especially regarding the

german economy it and suppliers recent you know global trade worries are huge we're already well the german industry you can take a look even though this situation right now looks quite good big profits for most companies but the future it doesn't look very rosy right not tell us more about the future how damaging would washington tariffs be. well it's it would be very very damaging expression for the german export industry especially within that for the auto industry germany shipping six hundred thousand cars. every year and then these profit margins are pretty slim if you suddenly at ten fifteen percent of incremental tariffs every consulate from germany to the states will be sold at a loss in comedy because we need to seriously consider that a venue change that would cost a lot of money so the worries in germany right now are rightly so pretty high all

right so what could they potentially do about that where else could they ship the six hundred thousand cars in terms of imagine markets potentially well i think you know there's no easy solution you conscious of these cars and go to china or to latin america or to to russia where the u.s. every market currently feels quite balance and these are global value chains as i said we shop very very complicated and as i think that comment is would have to live through a few assailants u.s. consumers would have to live with higher costs for cars if you just mentioned in your previous set so it's really a bad outcome for everyone involved on top want to ask you about the challenges that the german comma because increasingly of course we are talking about terrorists we're talking about a trade dispute that all the any other problems that the industry really needs to tackle. well i mean there are many many challenges we talk about tech disruption

the tone of his driving electric cars silicon valley's trying to get into the older industry that's a huge challenge there's an increasingly hostile and environment political environment in germany going back now diesel crisis that's a big big challenge woman tira prices are increasing you know battery costs are probably not coming down as fast as the industry is hoping so it's you know if you're a car executive nowadays you have to have a pretty pretty tough schedule and hence talks all of the stocks are trading at very very little value ations are plenty of challenges on the road ahead and a host automotive industry analyst from evah co i assign a london thank you very much. listen. let's talk a bit more about the challenges for diesel then because it's fallen into disrepute many german comic is under suspicion of having cheated on exhaust emission tests

and all that these all models are also facing the prospect of being banned from some german city sentence which makes the job the thing a used car sales person rather tricky. used car dealer but how mass land isn't spect in his latest purchase that many ten years old with nearly one hundred thousand kilometers under its belt and most importantly it has a regular petrol engine past are no longer buys used diesels he says they barely sell any more and if they do only at a loss this b.m.w. has been sitting on the lot for nearly a year even with a discount. for out months worth of faults or were they used to just get snapped up but now customers are very skeptical and hesitant. now because they still don't know what's watch will there be a diesel ban or not for customers that's a big headache. for now. and that's a headache for aslam to

a car that won't sell eats into his profits every day used car sits on the lot cos the money right now he has twenty seven diesel cars on his lot in the south of but in the longer they sit there the less they're worth. not the lets. the last two years i'd say we've seen losses of twenty or thirty percent when it comes to diesel vehicles so there's no end in sight we really don't know how we're going to deal with this. is why they get. about twenty kilometers northeast lies the cost car dealership you know but to try a new is picking up his recently purchased s.u.v. it's new and it's a diesel troubles confident that the latest models meet emission standards and a fuel efficient he says that diesel debate doesn't bother him. as car

for the car has power style and it rides a bit higher but that's what i wanted and that's all i need. this is the right car for me it's for mr i hope the guy of the five hundred. but even a new car buyers are turning away from diesels. car dealer thomas koch says he's not worried new car sales remain buoyant even if customers preferences are changing . you know it isn't even a switch it from diesel to get saline engines so our overall sales figures are robust we're still seeing growth selling more petrol powered vehicles and that makes up for lower diesel sales among consumers in iraq and but also places. used car dealers those are facing an uncertain future. aslam says only one thing could help the german government needs to move fast to settle the issue of potential diesel bans only clarity can help restore customer confidence he says and

help a move some of these used cars are languishing on his lot. unemployment figures in spain off finally for willing last month they hit the lowest level since two thousand and eight that said it's fifteen percent just to remain one of the highest in europe growth is looking good that is steady at three percent in recent years reviving struggling industries like construction and record high tourist levels have also boosted the sector. you're up today his and out the wall at this hour thanks for watching and. we've.

been looking. at about the money. in his homeland he's already astonished been identity was the youngest recorded to ever make it here because national t.v. . he wants more details of playing professionally in germany for that company to help on this is first time in europe.

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