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 raise look at all the hurdles the purchase price was put europeans americans out to. this global warming cause dr i still melt mining shipping on tourism stocks and reindeer herder just. i'm funny for sure and this is your business update. china has declared itself the defacto of the delf global free trade started pushing his america first policies of the growing possibility of a trade war between the two countries china is looking for friends elsewhere so of course course academic ties well on the agenda as china's premier met 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 li could young signaled their 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 see some other guy in the end everybody's affected if the principle of multilateralism is questioned that is why we need to make our position clear here and ensure access to each other's markets in. america. 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 u.s. conflict. as you know a lot of german companies have frozen see the response within 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 complained that beijing office less access to china's market and burned an office to chinese companies in germany. let's get more detail on this and turn over to our financial correspondent and score to in new york to his walk on yes china and the you asked again dueling with tariffs last friday had done 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 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 it through uncivilly in comparison to the total size of the u.s. economy there are 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 pretty strong twenty percent so this is one reason the strengths 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 seeming ignore at this entire back and forth of terrorists that surely to must be someone suffering under all these terrorists or is this all just so much posturing. well my fear is suffering

are the 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 if they're behind the u.s. 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 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 yes call it

a thank you very much. british foreign minister boris johnson's resignation over the u.k.'s praxis approach not the pound down more than half a percentage point against the euro european stock market reaction have a remained muted british. while called steam just a friendly place for breakfast it may had all life last week the prospect of a soft drag sit in the u.k. maintaining close trading ties to the e.u. seem to meet the demands for more clarity from businesses among them. 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 should be scrapped that if thing is dropping the purchase price alone is probably most you know off to get europeans buying there are a whole lot of hidden hurdles before you can get yourself in the driving seat of an

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 e.u. taking the liquid out costs two hundred euros per car and it's not the only expense when importing u.s. vehicles. added 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 punch 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. here is 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 fond lamps and separate yellow turn lights moreover there can be no yellow blue or red lights in the front of the car. try for good these tribes still had yellow lines 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

orders for today a german car with a v eight motor cross at least one hundred thousand euros my guess is that 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 to really prevent customers from buying american cars to be a call simply don't cater to european tastes. alright and no we're headed to the arctic circle there are industries like mining shipping and tourism are seeing a huge boom. there we see the race towards profit opportunities as inevitable downsize as well it's affecting traditional livelihoods for the region's inhabitants ingenious some rain. fighting to keep their way of life. reindeer herder. 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 just 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 dnd 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 can 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 one should look at a holistic plan for business development i realize reindeer herding has its

challenges and its 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 nursery mind 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 batons 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 in buildings but the agency says they've been using the chemicals to save money and actually doing great as average for the environment no c.f.c.'s internationally thirty years ago as they destroy the ozone in the upper atmosphere

that absorbs hall for all of you let's bring a shot from the sun. and that's your business rob thanks for watching. the.

fake hair and real story. where i come from a lot of women like me have fake hair sometimes the hair style takes up to two days it's a lot of time that needs to be filled so people at the salon talk about what's happening in their lives. i became a journalist to be a storyteller and i always want to find those real authentic stories from everyday people who have something to show. there. with all the time i spent at the salon i know a good quality here when i see ads and it's a good story when i hear it. my name is elizabeth and i work at six. climate change is just. a waste. of pollution just so. isn't it time for good news to go out africa people and projects that are changing the ones aren't for the better it's up to us to make

a difference to be committed for the. magazine on d w. earth home to millions of species a home worth saving. and 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 the term the climate news to green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation the ideas the multimedia environment series on d.w. . become. more.