as the u.s. continues to alienate his former trade allies china and europe are forced to run into each other's arms the leaders of china and germany getting together to talk business. travel east to right look at all the hurdles the purchase price we put europeans american altos. global warming causes dog shit i still melt mining shipping on tourism rocks and reindeer her nurse just. i'm funny for sure and this is your business update. china has declared itself the defacto of the delf global free trade trump started pushing his america first policies well then the growing possibility of a trade war between the two countries china is looking for friends elsewhere so of course course academic ties they're on the agenda as china's premier germany's

chancellor chancellor on monday. a united front against the u.s. at their meeting in berlin german chancellor angela merkel and china's premier young signaled the commitment to free trade principles cooperation is key that emphasized as both exporting powerhouses stand to lose from a looming trade conflict with the united states let's listen to others in the end everybody is affected if the principle of multilateralism is questioned that is why we need to make our position clear and ensure access to each other's markets and. several german industry leaders including siemens and b.m.w. signed deals worth a total of twenty billion euros with chinese partners an important signal for german companies caught in the midst of the chinese us conflict. as you know a lot of german companies have some see the results in china and in the united

states and so we are right in the middle of all of this those companies and what we want snow is that we have don't have a further escalation even with the backing of german business leaders though china is a tricky partner for germany's government chinese investment is increasingly disputed in germany as many german companies complain that beijing office less access to china's market and burn an office to chinese companies in germany. let's get more detail on this and turn over to our financial correspondent score to in new york they his wacom yes china and the u.s. began jointly with tariffs last friday at dawn what's been the response on wall street so far. well not what you would have expected what street is gaining quite a bit just on monday wood chips were up by about three hundred twenty points so well first of all those tariffs that kicked in on friday did not come by surprise

and then also if you look at adrenaline civilly in comparison with the total size of the u.s. economy they're relatively small sort of resource on wall street here are looking for other reasons to buy or sell shares and this week earnings season will actually start by the end of the week with the quarterly results of the big u.s. a financial institution and overall analysts expect that earnings of the big u.s. corporations will grow by a pretty strong two any percent so this is one reason for the strength of corporate america why investors started to buy shares and then talking about buying shares the companies themselves are buying back their own shares on a record level and that also does support the market at this point all right so some investors saying the ignore this entire back and forth of tariffs just that surely jim must be someone suffering under all these terrorists or is this all just so much posturing. well my fear is suffering

chinese people who would like to buy a tesla vehicle because after the terror of kicking in on friday tesla actually decided to increase the price for tesla cars in china by about twenty percent so if you want to buy model x. for example it does not cost a good hundred seventeen thousand dollars or one hundred forty thousand dollars in china and china off there behind the us is the second biggest market for tesla and tesla likes to build cars in china but that takes time so far every single car being sold for every single tesla car being sold in china is produced in the united states and gets hit by the tariff but interestingly enough the stock of tesla was up by about three percent in the session investors obviously have the opinion that if you can pay one hundred twenty thousand dollars then you can also pay one hundred forty thousand dollars for a vehicle indeed pensacola to thank you very much. british foreign minister boris

johnson's resignation over the u.k.'s brock's of a coach not the pound dell more than half a percentage point against the euro european stock market reaction have a remained. british. while called steam just a friendly place for breakfast it may live last week the prospect of a soft drags if in the u.k. maintaining close trading ties to the e.u. seem to meet the demands for more clarity from businesses among the arabs but those plans seeking to inflict minimal academic damage can stay on the table is very much up in the air again. trump wants europe to buy more american made cars and that's why he wants to ten percent terrorists for importing passenger vehicles into the european union to be scrapped that if thing is dropping the purchase price alone is probably not you know off to get europeans there are a whole lot of hidden harlow's before you can get yourself in the driving seat when

american car these cars have just arrived from the us but before they can clear customs and bring them there brake fluid needs to be removed it's considered toxic waste in the. taking the liquid out costs two hundred euros per car and it's not the only expense when importing u.s. vehicles. as it once you've got the maritime transport with all its costs packing unpacking handling customs clearance then you have a ten percent levy on the purchase price and the maritime transport and then nineteen percent value added tax on that total price plus the retrofitting. friederich count often lived in the us for years and has close connections to car dealers his company doesn't only handle new cars but also classic models for enthusiastic if the paperwork is ok importing them is no problem. just some years we have forty percent new cars sometimes sixty percent the rest is from

ex-pats or used cars. the small firm imports about one thousand cars per year the vehicles have to be retrofitted to comply with the regulations so they can pass technical inspection. us cars often lack fog lamps and separate yellow turn lights moreover there can be no yellow blue or red lights in the front of the car. but you can try from these tribes still had yellow lights this morning i had to take them out it's not allowed in germany parking lights always have to be white the retrofit can be tricky the company even developed its own switching relay to make american and european technology more compatible most u.s. carmakers don't have the european market in mind in germany the best selling american car is the ford mustang which is still a niche product. and

order for today a german car with a v eight motor at least one hundred thousand euros my guess the v. eight ford mustang costs about forty five thousand euros that's a huge difference. and believes neither the one thousand euro retrofit nor the ten percent duty really prevent customers from buying american cars the vehicles simply don't cater to european tastes. alright and no we're headed for the arctic circle they are industries like mining shipping and tourism are seeing a huge boom as the ice their receipts the race towards new profit opportunities as inevitable downsize as well it's affecting traditional life for the region's inhabitants indigenous suddenly reindeer heard us fighting to keep their way of life. reindeer herder to sarra is preparing to move his animals in parts of norway and sweden only the indigenous sami people can herd reindeer under

livelihood protection laws but sarah fears that some day not even they will be able to climate change is altering the landscape of the region providing opportunities to extract minerals like copper up land mine has put the sami at loggerheads with local government and big businesses. if the mine is up and running it will be the end one just has to admit it and give up the mine also takes up a lot of space and is right in the middle of the calving section of our district currently there are some reindeer there with calves and most are so lose a carving area we may as well give up immediately slaughter the reindeer and stop reindeer herding. the herders say large scale mining could damage pastoral grounds and crighton the reindeer but local government officials say the plan no sir coppermine could bring in hundreds of jobs and boost local finances. well i understand the reindeer herders concerns i really do but once you look at a holistic plan for business development i realize reindeer herding has its

challenges and needs predictability that's logical so i think it's important that we take this debate at a national level about the usage of land toward. the debate has gone on for six years the nurse or mine has been stuck in limbo but the fight is set to come to a head the pro-business government is set to make a ruling on the coppermine this year. and environmental groups as chinese factories are illegally using chemicals to deplete the ozone layer environmental investigation agency size eighteen factories have admitted to using background chlorofluorocarbons china is booming china's booming construction sector is under pressure to increase environmental standards so they've been using more and more insulation on buildings the agency says they've been using the chemicals to save money and actually doing great damage to the environment no c.f.c.'s have banned internationally thirty years ago as they destroy the ozone in the upper atmosphere

that absorbs hall for. from the sun. and that's your business perhaps thanks to watching.

the fast pace of life in the digital. shoes the lowdown on the web showing new developments and providing useful information with the with useful names and interviews with makers and users. next door. how's your view of the world. where i come from. but over that glitters is gold just like this chinese food doesn't matter where i am it's always reminds me of home after decades of living in germany chinese food is one of the things i miss the most but better taking a step back i see things a little of difference to now. plenty of fluids first as many go nations that exist in other parts of the wall haven't been implemented in china that's when you knock up chinese people wondering if their foot is a lot of people have a right to another explosive that is this is their job

a job none of them how i see it does this is why i love my job because i tired to do exactly what it is every day my name of the uninsured and i work added up you. are. living in the digital age. coming up twenty seven teens most googled names shining on instagram. and lots of every day annoyances. but first.