as the u.s. and the e.u. move forward in tit for tat tariffs analysts say the e.u. needs reforms if it wants to survive the trade war. also on the show good news for chinese tech giant eat the u.s. government will let the company do business with the u.s. again but only for a month. and a russian reform economists may like but older russians may not get ready to work a little longer. it's time for business on d.w. and how you know to get us welcome german media are reporting the u.s. ambassador to germany has offered to german car makers a solution to the ongoing tariff dispute and would imply both the u.s. and the e.u. completely eliminating import tariffs for vehicles making it happen would require

significant changes to existing policies but it's an unusual option earlier today german chancellor angela merkel expressed her concern about possible tariffs for the countries crucial to industry. so i get it right now we're witnessing something fault which we've always considered a constant namely the role of multilateral organizations we now have terrorists on a limb in yemen still and we have a far more serious issue to shoot levies be raised on cars imported to the us. import with all and ladies and gentlemen this has the traits of a trade conflict i'm not ready to call it anything else just yet. but it is worth putting all our efforts into trying to defuse this conflict before it does become a war though of course both sides have to be involved in all of that and that's really why that and of course europe as

a whole is involved to the continent is struggling to find a joint response to the current tariff dispute european commission president drug lord will go to washington later this month for trade talks but analysts warned that standing together will not be enough for the block reform is necessary to win big. so is the e.u. ineffectual and bogged down a visit to athens might suggest otherwise after years of financial crisis greece with the e.u.'s help has turned a corner or so says the european commission a pm must give each. receive. on two feet with the g. and with its europe. suited to the euro. those european partners now have three other economic headaches to deal with first italy which is sitting on a mountain of debt some two point three trillion euros worth saving italy might

prove an even tougher job than greece could this mean and it's alex it. then there's brics it britain is waving goodbye to the e.u. but what this will ultimately mean is anything but clear how much of a handle does brussels have on the situation and its costs. and last but not least donald trump he's threatening tariffs and the e.u. is vowing to strike back with levies on some two hundred fifty billion euros worth of u.s. exports joining forces against trump for the e.u. that could be a show of solidarity and strength. while it see what the other side is doing the u.s. department of commerce has temporarily lifted part of the sales ban on chinese tech giant. the ban almost shut down the company in april when washington accused it of continuing to violate sanctions against iran and north korea now restrictions have

been lifted at least for the meantime. the temporary reprieve is only until the end of july and conditions under which that t.-e. will be allowed to resume business as strict the chinese tech giant will be able to maintain existing telecom networks and mobile phones in the usa and to carry out security patches to continue operating the company must pay a one billion dollar fine replace its executive team and hire u.s. compliance officers it was only in april that the company suspended most operations after the commerce department imposed a seven year ban from buying u.s. components and technology said he relies on u.s. companies for nearly one part in every four that go into its networking hardware and smartphones. pleaded guilty in march twenty seventeen to having shipped equipment to iran and north korea in violation of u.s.

sanctions after they were slapped with a fine the company promised to discipline employees involved in the scheme but the commerce department said this week that those employees were paid bonuses instead well we talked about the transatlantic trade dispute earlier but don't forget china u.s. tensions are at play here too like we just saw a fresh round of import tariffs are going into effect between china and the u.s. on friday experts say we can then really talk about a full blown trade war while one side punishes the other the consequences could chip away at both economies and at the paychecks of chinese and american consumers . these car enthusiasts in beijing regularly meet up to take their jeeps for a spin the vehicles were imported from the united states. paid to france seventy five thousand u.s. dollars for his that's around thirty thousand dollars more than it would cost in the u.s. but the price tag could rise further when the next set of u.s.

tariffs comes into effect. this year ten chilled buyers made changed their minds due to the price hike. this restaurant in beijing will also feel the effect of fresh tariffs it serves pork ribs imported from the us there especially popular among americans living in the chinese capital. manager charles a pallet fears that higher prices could drive customers away of course he could start buying court from chinese farmers but for now that appears to be at the question domestic calls it just doesn't taste. really the simple fact is that the better. as fears of a full trade war grow china's foreign ministry striking a defiant tone. china has

a regular made preparations. as long as the united states issues a so-called tyra flipped china will take necessary measures to firmly protect its legitimate interests. we. have already. those who are already owned jeeps in china will probably be doing their best to keep their vehicles in top shape to spare parts will also be taxed higher from friday. to another company struggling with the taxes us president donald trump says his government is encouraging motorcycle companies to move to the united states that's after he slammed harley davidson for deciding to. of some assembly from the european market before the european market from the us to factories in china and brazil it blamed the decision on tariffs imposed by the european union to retaliate for tariffs trump imposed on a host of new products of course some of the other big companies trump is referring to include those from europe and asia the likes of germany on the b.m.w.

and got the regions the president is looking to penalize in order to trade or in the ongoing trade tensions now you know how politicians are notorious for saving disappointment announcements for busy news day well the world cup is perfect for that during the event the russian government said it's pushing up the official retirement age world cup or not the reform is facing resistance the w.c. fields are sort of each reports. it's been a long day and olga played minge of a needs a cup of tea after thirty years of working as a hospital doctor she was planning to retire next spring and just on a bit on the side but now the fifty four year old feels there's little chance of that the russian government wants to gradually raise the age of retirement from sixty to sixty five for men from fifty five to sixty three for women. russia has an aging population and too few people paying into its pension pot the retirement

system needs an overhaul. the government wants to modernize the country but needs to invest more in health and education as communication choices can seem a little in that doctor to announce the retirement reform at the start of the world cup hoping perhaps that the football tournament would distract people from its intentions these two will be. the kremlin has otherwise kept quiet on the issue president putin appears keen to distance himself from the reform walgett roger a theme for trade unions and opposition politicians believe he's the one behind it all you know they've organized demonstrations and collected millions of signatures in protest of the what's more there you. ordered the pension reform as a way of stealing our money or money zelig new design called reform is making citizens poorer you wish we will do everything to prevent these measures from being

implemented on the most which is the means that. parliament has to give its approval before the reform can go ahead and not all members are in favor independent analysts also skeptical and i mean yes with a reformist speaking as an economist such reforms are only necessary when you have strong economic growth youth or not enough workers. neither of which is the key. russia's economy is sluggish and the country has a huge workforce and few businesses actively high older people. having to welcome few more use of. everything my generation has seen but. hold out much hope. and if the reform is implemented it'll people's trust in the russian government

which. that's all for this edition of business thank you very much for watching remember you can stay up to date on everything on our web site. where you can also see these and other shops thank you very much. by.

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