on there on the night that brazil don't just know how to win world cups they also believe in their own rights to be champions nonetheless the belgium game will be their biggest test of the tournament so far. still to come are trade wars really easy to win business i'll be back at the top of the hour morning thanks for joining us. after. earth. home to millions of species a home worth saving. here which is on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use those protect the climate boost green energy solutions

and reforestation. they create interactive content teaching the next generation about environmental protection and were determined to build something here for the next generation global ideas the multimedia environment series on d. w. . o. let the trade games begin trumps tariffs on china kick in beijing accuses washington of launching the largest trade war in history. china hits back matching the living style giving us goods like soybeans and lobsters and the u.s. president threatens to slap judi's on everything chinese it's. and will break said spell a black day for britain's iconic black cab. and then fizzle and let's do business. the u.s.

went ahead and did what it said it would introducing its levies on chinese imports that china says it's already responded with a trade measures on american goods the u.s. levies affect hundreds of chinese products cars planes and hard drives to the tune of thirty four billion dollars another sixteen billion worth in the next couple weeks that amounts to fifty billion in all that while china matches those tariffs u.s. president donald trump has said he may really turn up the heating creasing those tariffs from fifty billion to five hundred billion dollars worth of chinese imports that's roughly the total amount of u.s. imports from china last year. that's police in adolescence and rita now they got to talk about this. let's start with the effect of today's tariffs i guess any effect the marginal correct me if i'm wrong yes that is correct it is their estimates are that if this is caps continue along these lines then. we expect about

zero point two percent of g.d.p. to be hit in china are going to be lesser than the united states and how will it hit the fear is that if you're sorry the fear is that it will not stop there exactly and those very threats are coming from the u.s. president today what about consumers at the moment they're being spared a lot of these costs because companies that are absorbing the profits but for how much longer absolutely so this whole this whole discourse has been framed in terms of putting america first and trying to help some of the poorest consumers in the united states and it's true right now there is some attempt to shield the consumers but in fact this is not going to last very long at all because for example you think about. steel industry in the u.s. steel mills me create some jobs and this would be good for both for some producers

and consumers but on the other hand those great many industries that actually benefited in the u.s. from the cheap steel in the cheap aluminum will begin to lose their productivity and this is going to really badly affect us consumers too so this is not a win win situation for anyone certainly not american consumers what happens if trump slaps tariffs on all chinese imports what happens that i mean is that the end of the world. so it's not the end of the world but the consequences will be really dire because it's not only it's going to be very bad for the u.s. and china but really importantly it's not only about these two massive economies in the well right and that is reason enough to be concerned but there are also in our defensiveness so for example the e.u. right now has started talking about doing something about having something like

a limit on steel imports because almost all of the steel overcapacity that is in my from the chinese side will then depress the global crisis of steel and the fear is that this steel will then european markets so the europeans are looking towards some higher levels of protectionism and also we should always remember at the end production today is really integrated by out little value chains and so for example you have other third party asian countries that produce certain goods that are then sold to china which become part in chinese goods that were intended for the u.s. markets so those great many other economies are also going to get affected so all that this is why they're applications will be really add but if other countries trying to get them into something about it we may still be able to handle it and

just briefly i'm reader this is all coming as china starts opening its economy bit by bit how much of a shame would it be if china starts becoming protectionist again or regionalism takes hold because at the moment china's been taking the high road and selling itself as a champion of of globalism. i think i mean you're absolutely right china has been trying to open up its mike it's gradually. it's been it's been talking the trough of globalization and globalism but it's not yet been walking the walk we see families in this direction because we're in response to trump's transmitted season moves coming from china saying they would make investment conditions easier for the united states and so one rank so we're seeing. two things one we have to remember that the chinese economy was in fact not so very open in

the past when we began to see some positive moves slow positive moves it would be terrible if we see a reversal of these moves and a father going back and that would be a great loss to all the world i read an article thank you very much for joining us here on the w. . chinese state media have slammed trump's trade policies liking his administration to a gang of horde loves a beijing isn't holding back from matching it kind of under u.s. imports facing chinese tariffs cars and agricultural products like soybeans and what's the lovers could 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 nip 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. there's nothing much we can do if there's a trade war or we can do is adjust our supply chain here depending on the size of price increases. if the chinese government follows through with its threat the u.s. lobster industry could feel the pinch losing its edge over rivals such as canada 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. richardson joins us now from washington now correspondent there can you explain what trump strategy is in all of this because so many experts say is tariffs won't work and they'll even backfire. and that's why many

economists are saying that this could really hurt american companies that it could disrupt hiring that it could decrease the demand for u.s. exports and of course that's not to mention that the price hikes that we could see for american consumers if manufacturers end up passing along those costs but in many ways this is very much in line with the trumps hard line trade policy it's an issue where he's actually been very consistent since even before he was elected to be the u.s. president and he's railed against beijing for intellectual property theft barriers to entry for u.s. for u.s. companies and of course the three hundred seventy five billion dollars trade deficit with china and while many would agree that the first two are big problems and that perhaps past administrations have not done enough to address them there's a lot of pushback about this idea that tariffs are the best way to solve this problem the white house says these are unfair trading practices that are costing thousands of american factories millions of american jobs and trump aside trade wars are good and easily won but that being said it's not clear what winning

actually looks like for the trumpet ministration or what the u.s. and game is his supporters want to see some kind of concessions coming out of china but certainly with these retaliatory tariffs we're not seeing them back down yet exactly in beijing could make things even more difficult for u.s. companies wanting to invest there at the same time and this relation of this trade war as far as trump goes could just be a tweet away. that's right and this is really the first time that we're seeing at least a lot of the u.s. media is calling it a full blown a trade war for the first time today that the harm from this could potentially still be manageable for both countries but trump has floated the idea of putting even more tariffs on that china more than five hundred fifty billion dollars worth which would be more than the value of all of china's imports to the united states from last year and that's where things could really become damaging if we continue to see these kind of tit for tat penalties as both sides try to one up each other that's where we could really see things i still am much more damage being inflicted

the tariff or with richardson thank you. business leaders continue to express concerns about the lack of progress on briggs it chief executive tom enders says the british government doesn't have a clue about how to exit the e.u. without causing major damage. have also flicked on the hazard. it's a classic british icon the black capital but the company behind this innovative electric powered taxi is joining the fleet of comic is concerned by brick says. during a visit to the chairman of the london e.-v. company paid to foster said mistakes of a brics it could start an erosion. this isn't put systems he thought it is a process that will take ten to fifteen years is it would be madness to wake up in the morning in london and read in the papers that there's no coal industry in

britain and it would be a real shame. his concerns follow in the tire tracks of all the big car manufacturers present in britain the likes of many make b.m.w. and most recently jackie landrover warning that ongoing brakes at uncertainty could put them off investing in britain. his firm touts its modern credentials why find u.s.b. charging it's own on board but to make that shiny new models any v.c. is torn between supply is on both sides of the channel asserted of them based in mainland europe will the u.k. coal industry be wiped off the map in the next couple of decades has forced a fee as that depends on crucial breaks it trade decisions made in the coming weeks . and i think business with the market numbers are up there for you take a look at our way enjoy your weekend but.

austria's fortifying borders with the reason soldiers are practicing how to repel migrants. but some locals find the drills totally inappropriate so. it's fear mongering really feeling that's because very few migrants are now crossing into the outpouring of public from the. next g.w. . they

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it mean to the major economic united states china. d w looks at the cool things and present analysis you expect to see a. great dispute ontopic on the d.w.p. and business. a low end welcome to focus on europe how to deal with refugees and this is a question that nearly tore on the americal german government apart and it's a question of dividing your up more and more european states are closing the borders and by doing so shouting my rents out. the right wing populist austrian interior man.