tv DW News - News Deutsche Welle July 6, 2018 11:00am-11:16am CEST
11:00 am
on. this is d w news of live from bergland china hits back for what he calls the largest trade war in history of beijing slapping retaliatory tariffs on certain u.s. products defective immediately this after the u.s. imposes duties on billions of dollars in chinese imports. also coming up authorities now saying the time is running out for twelve boys trapped inside of its ha ha dropping oxygen levels and worsening weather mean that the rescuers may have just things not months to get the boys out. and the world cup quarter finals
11:01 am
kick off today and we are going to europe wide where an entire country is gearing up for their match against frowns expectations are high as is the nation's footballing pedigree and it's question for the game. i'm sorry kelly welcome to the program china has taken its first shots against u.s. goods and what it calls the largest trade war in economic history this after the u.s. went ahead and did what it said it would do introducing its threatened tariffs on chinese imports the u.s. levies affects some eight hundred chinese products we're talking cars planes hard drives to the tune of thirty four billion dollars meanwhile china's retaliatory tariffs are likely to target u.s. agricultural products. such as soybeans and pork and the conflict could further
11:02 am
escalate the us president donald trump has said that he has tariffs planned on over five hundred billion dollars worth of chinese imports meanwhile the u.s. chamber of commerce in china warns that further escalation would have devastating effects it's calling for urgent talks to avoid a full blown trade war. and for more let's bring in a business anchor helena humphrey who is joining us here in the studio with more on this breaking news so we have these reports now that china is hitting back where are we in this global trade dispute bring us up to date all this week we've been talking about the fact that washington is set to impose these terrorists who've been waiting for that moment then yesterday midnight washington time the u.s. went and did what it said it was going to do and impose these tariffs on thirty four billion dollars worth of chinese imports now beijing had promised to hit right back we now have confirmation that the chinese government has gone ahead and done
11:03 am
that it hit back with twenty five percent tariffs on over five hundred u.s. products to the channel thirty four billion dollars as well so right now we measure for measure we're level pegging at the moment in this trade dispute now china has said that this is the overtures to the largest trade conflict in history and so on a i spoke see with the executive director of the international trade center iran chickens out and i put it to her is that really the case or is that rhetoric and if this trade dispute has taken listen to what she told me that is sarah. well i think we are facing the largest trade conflict since the second world war but more importantly is that this conflict is already having an impact on the ground it's already affecting workers that are being laid off as a result of this issue and especially in america to move out of the country and produce elsewhere given that it's having an impact on businesses that are not making capital investment decisions because of the uncertainty of the situation but
11:04 am
let's not forget our taxes taxes that the consumer will have to pay it will make it is making already american consumers. pay more for the goods they buy and it's making american companies less competitive because the inputs the import in their manufacturing chains will be more expensive so frankly who wins from this conflict is a big question mark today. so businesses consumers all set to feel the impact as highlighted there helena where do things go from here so now let's just say the ball is in the united states school now that we've heard from china u.s. president donald trump has already said that he now may raise those terrorists further on to five hundred billion dollars worth of chinese goods so that is of course a huge amount of the question is is that truth in that or is that you know a real hardball negotiating tactic it is at this stage that would expect to hear
11:05 am
from the world trade organization that represents a hundred sixty four countries including the united states and china the objective from them would be to get everybody to sit at the table i think the question now is is that the appetite for this is the time that we're seeing there's protectionist tendencies already in the trade dispute between the united states and the european union there was some willingness from germany and the u.s. to remove color tariffs altogether so you know second navigating the world trade organization which would be very interesting w c.e.o. has issued a warning saying if you miss us out and get rid of tariffs altogether essentially the impact on the global economy would be was in the two thousand and eight financial crisis wow and we know what happened back in two thousand and eight till caring shown that now around the world helena homfray our business anchor joining us here in the studio with this developing story we thank you so much for your analysis. well among the u.s. imports likely on china's dollar for dollar hit list are cars as well as
11:06 am
agricultural goods like soybeans for example and lobster lovers can find themselves in hot water. a lot of lobster from the u.s. weighing around two and a half kilograms costs approximately five hundred yuan or seventy five dollars at seafood markets in beijing american lobsters have long had a reputation in china for their size and the high quality of their meat but chinese customers who enjoy this delicacy are about to feel a need because the chinese government has threatened to slap an additional twenty five percent import duty on this luxury menu item chinese wholesalers who import these cross stations will have to work out how to live with the high tariffs it was a good deal. for or you don't know well there's nothing much we can do if there's a trade war or we can do is adjust their supply chain here depending on the size of price increases. if the chinese government follows through with its threats the u.s. lobster industry could feel the pinch losing its edge over rivals such as canada
11:07 am
and australia that will hurt the americans last year china imported about one hundred twenty eight million dollars worth of live lobsters from the u.s. accounting for fifteen to twenty percent of total u.s. lobster exports. are turning to thailand now where rescuers now say that time is running out to free twelve boys on their soccer coach trapped inside of a flooded cave the dangerous mission has also met with its first fatality a former navy seal rescue diver has died from lack of oxygen during an overnight mission delivering air tanks concerns are now mounting that worsening weather and falling oxygen levels mean that the children may not be safe for much longer at this particular location deep inside the k. r u b s the we thought the kids we found could live down there for a long time but now everything has changed. the time that we have is quite limited
11:08 am
. the last time newton he's joining us from thailand with the very latest in ten i mean how likely is this incident to impact more out during the ongoing rescue operation hi sara well obviously after the jubilation on monday night following the discovery of the thirteen football is this death has put a real stall on what was going to be a risk you over the next couple of days or that was what was foreshadowed that now it's clear that getting the team out is much more dangerous than there are a magic when you have the death of a highly qualified thirty eight year old former tying navy seal in the time long caves up in chiang rai so i would say that risky was announced scrambling to try and find alternatives or at least a cipher way of getting the boys out because it seems getting them out through
11:09 am
where the way they came in is going to involve a very risky situation and sara such a tragedy hair what do we know i mean we're looking at images now of the boys themselves they appear in these images to be getting medical attention what do we know about their condition. because they've been underground for nearly two weeks at this point. yes so i think people were a little bit surprised that their spirits were quite good and the health was a bit better than people were considering when they were found on monday not tight time but as the days go by they're not getting any sunlight they're now getting nutrition but the stress and the ongoing white is always slee whining on them they've also got this lingering situation which is just emerged in the last couple of days where it suggests that the oxygen levels inside the cave with their currently located and trapped is starting to drop and this must be descending
11:10 am
additional concern and to the situation but the medical condition of the boys is considered to be fairly good a few of them apparently are quite weak but a lot better than people would have thought but probably not up to a daunting scuba diving outfit and making their way back through the cave considering that none of them can swim and they've certainly not had any scuba diving trying. and to add to that pressure to add to the earth and say we understand that more rain is in the forecast and i mean that must most certainly be adding to the pressure as well. will the weather conditions are also wiring on the the group. more monsoonal rains on the way they've had three or four days where that hasn't been any rind they madly trying to remove all the water from the cave but the looming weather the monsoon added to the problem with this gentleman's death this morning is certainly making the the whole skype of these
11:11 am
thirteen footballs much more complicated. tim newton with the very latest now from thailand and thank you so much for telling us a little bit more about what has happened there in the past twenty four hours or for shit. saying in thailand divers have scoured the whole of a boat that sank in turbulent waters off the resort island of cat the death toll is now twenty one but that number is expected to rise authorities say that high winds at the five meter high waves caused the vessel to overturn the rescue workers have pulled around fifty people to safety but dozens more are still unaccounted for. and i'll get a quick check of some other stories making news around the world because the junior partners in german chancellor angela merkel's coalition government the center left social democrats have signed on to her new tougher line on migration it was a key demand to have her interior minister forced example for who leads merkel's
11:12 am
conservative the varian sister party the c.s.u. . japan's justice ministry says that she. has the former leader of a doomsday cult responsible for the sarin gas attack on the tokyo subway has been executed along with six followers thirteen people died and thousands were injured in the one thousand nine hundred five attack the leader had been on death row for more than a decade. at least twenty four people have been killed in a series of explosions at fireworks warehouses in central mexico the casualties include rescuers who arrived at the scene to help victims of the first blast the town is known for its long tradition of making fireworks but also its history of deadly accidents. well now football especially during this world cup is the most popular sport globally but a number of countries truly define themselves by their national team countries like
11:13 am
for example which has made friday's quarter finals the time the south american country comes to a standstill every four years during soccer's greatest tournament and let's not forget this is a competition that europe why has won twice. the whole country is gearing up for the quarterfinal match against france here in europe why we're football is more than just a game it's a race on death row. winning the round of sixteen match against portugal sparked an explosion of joy throughout the country. a party that lasted well into the night. on par with the team celebration in the dressing room after the match. yet but at the end of it from now on if we win or lose it doesn't matter we went this far i have no words. my pregnant and if i give best to account oh who has said i stay. i
11:14 am
i last semester the sky blues as the national team is called have impressed so far in russia. and the whole of or of why is dreaming of big things to come. there was a pure one folk song that has never favorites we always come from behind that's all reality but in a certain sense i think we take some pride from. all of her hopes they can party again on friday. but regardless of the result a hero's welcome from los celeste de weather after this round the next even the final. is a certain. quick reminder now the top stories that we have been following for you here at china's foreign ministry says that retaliatory tariffs on certain u.s. products have gone into effect it says that they began at noon beijing time
11:15 am
immediately after washington imposed duties on thirty four billion dollars worth of chinese goods and authorities in thailand now say the time is running out to free twelve boys on their soccer coach trapped inside of a flooded cage this after the rescue mission claimed its first fatality a former navy diver who ran out of oxygen. thanks for watching. the people of the world over information they provide the opinions they want to express d.w. on facebook and twitter up to date and in touch.
42 Views
Uploaded by TV Archive on