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tv   Business - News  Deutsche Welle  July 5, 2018 3:15pm-3:30pm CEST

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international talks on washing car tariffs. spencer zone we'll have that story coming up in business on a matter of hours before those types i mean the world leaders are scrambling to let you know all the latest to fix something aren't coming up in one minute and go away . ok maybe you think it's going to be world champion. all the matches all the scores. two thousand eighteen soccer world cup all d.w. news yard to nashville and i think one day this war will be considered cruel and unjust war a very. uncertain like all citizens of ukraine every man woman and child will be
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from their homeland if the enemy invades. no one wants russia here which is the. rebel against a mighty global news that matters. d.w. made for mines. to avoid a trade feud german comicon sit down with the u.s. ambassador to discuss the prospect of tearing up tariffs on each other's vehicles. the trade war yet washington's plans to slap with the levees in a matter of hours china says it will respond the instant the measures go into effect. and moving back factories to germany how the tech sector is shifting manufacturing jobs from asia to europe. i've been fizzling let's do business
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chancellor angela merkel says she's willing to talk with germany's trading partners about reducing judy's on cause these look like the first signs of appeasement in the globe's trade war the us ambassador to germany holding a meeting with auto executives in berlin overnight richard grinnell said the white house would be willing to accept removing all tariffs on orders if the e.u. did the same or trump has touted import levies on european cars as his next move in the trade dispute but the us president is under pressure from american business leaders who say a hike on import levies would hurt them as well. well kevin heitman is director of foreign trade policy and economic development at the association of german chambers of commerce and industry to explain to us what is going on behind the scenes this is very exciting we've only got hours left leaders a scrambling and suddenly the u.s. ambassador holds a secret meeting in berlin with auto executives well first of all it's good they
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were talking about reducing chose not about raising tariffs any more and that's what they were talking about the issues that are ongoing right now in the water trade but the. german automobile manufacturers and the best that they can do it so you can unit who's doing the trade policy and of course they have to reduce the always tariffs that we've already got merkel saying it sounds like a good idea but she's talking about from the quotes i've seen cutting tariffs not slashing them all together why not bring it all back to zero where it was a long time ago when of course the industry wants lower tariffs we want less trade barriers of course because it means higher costs for the companies not just lower tariffs no tariffs absolutely i mean zero tell us would be great because it would also reduce the prices for the customers but we needed in a comprehensive agreement it's not possible to do it just as one sector just with one branch we need a comprehensive agreement with everyone and with the whole ward so not just
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unilaterally which latterly but multilaterally i mean it was something that was set up in the t p p which trump scrapped. obviously his strategy is to get the best terms he can fit his country and not for the world is that how how you read into this because he strapped the t.p.t. he's only interested in doing things sector by sector and country by country of course everybody wants to have the best of an agreement but it remains a complicated and the we need is a comprehensive agreement on all sectors for all companies on all goods and all kinds of trade barriers not only terrorists there are other trade barriers that are limiting german companies in the world so yes we need to reduce them and. we need to do this in a comprehensive agreement according to the w t o laws what trump and the us administration is doing is they're doing like pilots who are deals which are courting to the only goshi asians are either very difficult to achieve or even even maybe not possible because they're violating the international trade laws so you
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think we still need a w. cio we still need those rules in place to ensure that we get fair trade as well as possibly free trade at one stage at some time. but as far as these tariff negotiations go right now i mean this is or could be a major breakthrough what we're hearing today well it's a first step of course we want to talk about knowing terrorists and of course be can have the automobile sector alike as one pillar of a comprehensive agreement but yes we need to do this on the rules of the w t o and that means we have to include other countries who are also producing cars not only the united states is this old the result of the pressure europe has been putting on the u.s. or am i missing something here well the reason why there is right now an investigation about cars imported to the us is because the united states think they might threaten their national security and i can say that german cars who are actually
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produced in the united states we have. many many common factors united states and from germany japan korea who do producing in the united states and an s.u.v. from germany was which was built in the united states doesn't affect national security so the reason behind that of cause has no grounds where do you see this old heading come to night. is it going to turn into a full blown travel while what happens at midnight is that we have an ongoing trade conflict between the u.s. and china and the tears that are coming across there will affect in directly companies in the u.s. and china also john companies in both countries but also indirectly affect the whole interconnected in very complicated supply chains all over the water. thank you very much for coming in today. let's go to our financial correspondent in frankfurt to talk about the implications of all of this on investors i mean this is complicated and confusing and there is a lot of uncertainty so i guess quite
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a few negatives to talk about. that's true but from a point of view of many investors the most important point in this report that the embassador the u.s. ambassador to germany has talked to the bosses of the car makers indicates that they have talked and that they have talked about scrapping import tariffs on both sides of the atlantic which implies to many people i talked to here that they have not talked about the potential of imposing import tariffs on german cars in the united states that's a positive and also it gives hope to people that you know eventually the americans and the europeans my corporator can of course i listen to what kevin just had to say it's obvious that the negotiations will be much more complicated then you know
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just two sides sitting down saying let's get rid of all those old tariffs but it's a sign of hope a silver lining because there's some hope there in frankfurt and that's mirrored in stocks today european equities putting on quite a show. absolutely and the shares in the carmakers are skyrocketing here this. is a logical reaction given that the anger that the trump administration might impose import tariffs on cars had been dragging down the whole sector for a couple of weeks now big sigh of relief here a revolution in. point is that i was away as i said from entering a full blown trade war all sides of scrambling the threats of immediate retaliation is still on the table but leaders in europe china and the us are all ensuring to keep open the door to negotiations the question is will it be enough to hold this dispute from damaging billions of dollars in business u.s.
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tariffs on chinese goods go into effect on friday. the twenty five percent levy will apply to a host of technological products the value of the measures thirty four billion dollars china's response a range of tariffs on american goods also worth thirty four billion dollars also from friday and this could only be the beginning washington as a ready threatening further action prompting china to accuse the u.s. of fueling a trade war. move on to the notion that the us has again threatened to impose new tariffs on the five hundred billion us dollars worth of chinese products. not only that it's also made this kind of threat to other countries and regions are far too low least of the issue a further escalation could have profound effects here opinion companies operating
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in china fear they could end up on the front lines of the trade battle. and there are also concerns that the dispute could slow global growth. the germans are trying to beat the chinese that their own game mass production is moving back here are not talking about your regular sweat shops with cheap labor it's the robots doing the work. it looks like just another regular smartphone and doesn't post any state of the art frills that's reflected in the price tag of google sets g.s. white five model a comparatively modest one hundred seventy nine euro's. the munich based manufacturer has a high degree of automation which more than compensates for the high labor costs in germany. its muscle smartphone makers in asia are largely rely on manual production we've managed to establish a major cost advantage by having seventy percent of production performed by robots
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they're like recession cost enables us to deliver a low cost product cost. so far the company has one domestic production line in the western german town of. the facility assembles up to six thousand smartphones a week thanks to industry four point zero humans and robots work side by side here an option that was not available ten years ago. as long letters and i think almost made it working with the robots initially took some getting used to but then you discover what a big help they are. in other sports as a. robot is putting together the phone you can get to work on another activity and . there's another benefit from automation a low rate of production line rejects. that also makes smartphones in asia but production there sousa around ten percent of devices exhibiting defects in germany is just two percent. does need us to take in affordable we prioritize
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quality and delivery times side to if you order a small town from from asia today it will take around four to six months to arrive he was ex-military and we have understood we want to cut that to four weeks. in this system for us market accessibility is the biggest challenge also thought oh that's it is. to get a set factory in full halt hopes to trim facilities in asia in terms of turnaround time far not just on the production front but above all when it comes to special customer requirements for. business or their.
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week. we. will be a. fuel mix still walks with. just some new looking concepts. and going to architecture. lariam style essential.
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earth home to millions of species a home worth saving. google ideas tell stories of creative people and innovative projects around the world ideas that protect the climate boost green energy solutions and reforestation. using interactive content to inspire people to take action global audience the main series of global three thousand on t.w. and online. assignments clash of cultures in india. a clash between those who believe in arranged marriage and those who want to marry for love to.
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accomplish that shaking families and society to the core. of. my father will be angry sometimes i think i'm already dead to. love commandos starts july eighth t w. a. r r welcome to another fun filled division of your remarks with me your host meghan lay from sightseeing in the spanish capital to harvesting her on a rooftop we've got lots of store for you today here's a link.

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