the world watches as the top two economies slap tariffs on each other the u.s. kicks off a trade war by imposing steep levies on chinese imports this friday china retaliates . and moving back factories to germany how the tech sector is seeing a shift in manufacturing jobs from asia to europe. it's time for business on the w. ho you know it's good to have you with us the trade dispute between the world's top two economies is showing no signs of letting up with just hours to go until china and the us impose billions of dollars worth of tariffs on each other the question is not only how this will impact business but what will happen next u.s. 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 is a ready threatening further action prompting china to accuse the u.s. of fueling a trade war. notion that the us has again threatened to impose new tariffs on the five hundred billion us dollars worth of chinese products. and not only that it's also made this kind of threat to other countries and regions. least so that we should. and further escalation could have profound effects here opinion companies operating 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. all right we are now going to speak about this at the new york stock exchange yes it's good to see you you know we speak about all these tariffs and how they will harm the economy but yet just a few hours before they enter into force we're seeing the markets up how come. the market has been haunted by the potential of a trade war by in the past couple of weeks especially in the second half of june blue chips drop by more than a thousand points so in that sense probably some of the news or the potential of this trade war has already been priced into the market so that is probably one reason why the market now is actually recovering a bit where we've been up here on wall street in four of the past five trading days but depending on what countermeasures all those countries are taking it we will see

if the market really remains that calm in the next couple of days and weeks the federal reserve have also actually we've referenced this possible trade war and the risks it might carry we just got the minutes of the last meeting in june what the central bank has to say. yes some regions certainly get more nervous about the trade policy saying that business investment actually could be in the hold it and that this actually could cause a downturn in the u.s. economy so if there is some concern here on the other note the federal reserve is saying that so far the economy is running hot maybe even to a halt and that this actually could lead to financial imbalances and put pressure on the u.s. economy in the future and so it is rather likely that even with the trade war going on that the federal reserve is going to continue to increase rates in the next

couple of months we'll see what happens in just a few hours thank you very much scott in new york for the analysis. and while the u.s. distances itself from trade partners at least in other parts of the world countries want to cooperate more closely has reopened the final stretch of a whale way running from the capital phnom penh to the border with neighboring thailand the two countries say the rail link is vital to bilateral trade. a train from cambodia's northern border with thailand arrives in phnom penh it's the first one in forty five years much of cambodia's rail network was damaged during the country's civil war including this forty eight kilometer stretch near the border town of point that the reopened track represents nearly eighty percent of cambodia's total railways a little over six hundred kilometers in all the rest of the link to phnom penh had long been suspended due to the poor condition of the track in two thousand and nine

the asian development bank provided thirteen million dollars to rebuild the missing link which aims to slash travel time between the two countries and boost trade trade between cambodia and thailand reached five and a half billion dollars last year up to ten percent from the year before the two as he and nations have pledged to triple that number by twenty twenty but the two countries still have to reach an agreement on trains crossing the border. corporate news now and the boss of german steel giant. stepping down german media is reporting that. is leaving before he gets fired american activist investor paul singer recently bought a stake in the company with the aim of forcing easing are out according to the news magazine. the move comes shortly after. deal to merge its european steel business with indian rival. internet entrepreneur kim dotcom who became

world famous for his file sharing website mega upload that's pretty much won himself a free flight to the united states that is after losing the latest bid and his long legal battle over criminal copyright charges this could now lead to his extradition to the u.s. . the six year legal saga is widely seen as a test for how file the united states can reach globally to apply american firms intellectual property rights new zealand's court of appeal on thursday uphill the decision of two lower courts that dot com and three of his colleagues are eligible for surrender on charges related to the now defunct file sharing website mega upload in a statement the court said the appeal was declined because the us government had presented sufficient evidence to warrant extradition discuss the possibilities of selling the business across the it was hinted by that you know we're not one hundred seat jet since twenty twelve the u.s.

has been seeking dot coms extradition on thirteen counts including conspiracy to commit wreckage tearing copyright infringement money laundering and wire fraud it alleges that he ran a criminal organization could lead to copyright holders losing more than five hundred million u.s. dollars kim dotcom has a final chance to appeal to the new zealand supreme court the country's highest judicial body if you like he says he's confident that the supreme court will rule in his favor but if the court doesn't accept the appeal it's up to new zealand's minister of justice to make a final decision potentially turning the case into a political franco. and we stay in the subject of copyright because today is probably not a good day for independent artists e.u. law makers have rejected a proposal that would have forests take giants like google and facebook to share revenues with publishers broadcasters and artists the measure was part of the plan overhaul of e.u.

copyright woops proponents say the move would have benefited revenue for publishers and artists who provide content that indirectly generates money for the platforms critics say it would have limited discourse on the internet. now as you probably know the vast majority of the world's smartphones are made in asia ten years ago nokia closed its last mobile phone factory here in germany but now production has returned to the country thanks to industry four point zero and a domestic manufacturer that could be the future of made in germany. 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 models a comparatively modest one hundred seventy nine euros. the munich based manufacturer has a high degree of automation which more than compensates for the high labor costs in germany. smartphone makers in asia are largely rely on manual production and we've

managed to establish a major cost advantage by having seventy percent of production robots there like resolution 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 behold 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. so long not written on some coolness made and working with the robots initially took some getting used to but then you discover what a big help they are just it's an end to this in all that's what says you know what a robot is putting together the phone you can get to work on another activity and on until that time nothing. there's another benefit from automation a low rate of production line rejects. that also makes smartphones in asia but production their season around ten percent of devices exhibiting defects in germany

is just two percent. does there still are credited in affordable we prioritize quality and delivery times side if you order a small town from from asia today it will take around four to six months to arrive . at a skit funspot how everything from a memory expansion into specialized software and part of bundles featuring items like bluetooth speakers plus design related aspects such as color scheme or laser engraving on the back of the phone and off the books for a bunch number one we want to offer customers the chance to have their name lays it on to the device. the g.s. one eight five marks a major step forward to get set the entry level smartphone will be the first to be made in germany and if it proves successful it will surely not be the last. that's all for business thanks very much for joining us we'll see you next time or whenever you want to cure the bank. to

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