bounce including tesla response to chinese trade tariffs by hike think its prices over there but now it says it will start building cars in china and could donald trump's take threats be backfiring we'll have more on that to in our business block is different first is up next. i'm. going to. go just couldn't get this song out of his head. musicologist began searching for the source of these captivating sounds. in the rain forest in central africa. to find their culture but he stayed close. only

a promise to his son who literally lived jungle and returned to the concrete and glass jungle of new york. the result reversed culture from. the cruiser documentary. from the forest starts for his ninth w. . to be the. terrorist small to nationals all struggling to protect their bottom line tesla is now the first u.s. comic had to hike prizes in china and also says it's opening a new factory in shanghai all to escape donald trump's war of tyrants. and as the e.u. said to get even bigger europe's foreign ministers meet in london to discuss six western balkan states joining the block.

your business is welcome it's only a week since the latest terrorist from china and the united states multinationals are already scrambling to readjust supply chains so that goods bound for the u.s. don't pass through china the first american carmakers are raising their prices on the chinese market to make up for the higher duties. tesla is the first american company announcing that it's raising prices in china the move comes in response to beijing's decision to impose tariffs on a range of u.s. products. china is the world's biggest car market and tesla cannot afford to be price dollars plans are already underway to build a factory in shanghai which would enable the company to avoid tariffs in the future . germany's b.m.w. is also planning to introduce price hikes in china that's because customers there buy s.u.v.s produced at b.m.w.

plants in the united states. the company money factors that x. series at its plant in north carolina each year brand a hundred thousand s.u.v.s produced their go to china b.m.w. is also ramping up production in china in response to its new tariffs on u.s. imports. and another country is taking measures against us time zones too than aluminum switzerland has launched a complaint at the world trade organization a w. to all members have now started such a challenge the united states says it uses aim is to protect national security but the swiss economy ministry says that's unjustified wu oh now has sixty days to settle the dispute. now for more on the global trade let's bring in last halter in the frankfurt our financial correspondent b.m.w. and tesla both raising price for their cars in china and tesla has just announced it's building a big factor in shanghai so insolent is joining

a lot of nations complain to their video loss looking like from the americans first strategy is backfiring spectacularly. yes garrett is absolutely backfiring and i'm not really surprised about it because it just goes to show you all what a lot of people have said from the get go he has never thought that through you can't even call that whole america first concept a strategy that's a big word for what president trump had here and he goes step by step and does not think about consequences he puts in tears he doesn't understand that this can cost him maybe more jobs than it can secure and we're seeing that right now of course he wanted to put terrorists on cars or terrorists on steel and aluminum to secure jobs in certain american businesses but now he's of course chasing away companies who are now the test or couple of days earlier holiday vits and if they move production out of the u.s.

into other countries well they're called the jobs well that is backwards and forwards with tariffs and duties is probably part of the reason why investor confidence in germany has reached a six year low anything that's happening there that could brighten up the day for them. well sadly i don't see anything right now on the horizon and that's pretty clear when you look at that w. index here that talks about investor confidence it's pretty clear that people out there are not seeing much either they probably think that the entire trait situation is getting worse rather than better and obviously we're just standing here at the beginning of that entire dispute between the u.s. and china and between the u.s. and the e.u. and of course that's going to be more problems to come and right now i don't think it's easy to see where this is going exactly how much damage will be done to our finance correspondent lost. in frankfurt for us thank you very much miles.

china is making efforts to build ties with european pop german comic a b.m.w. is the latest to team up with china's tech giant by do it hopes to use biden's technology in its self driving cars. german chancellor angela merkel and chinese premier league kitchen accompanied b.m.w. c.e.o. harold krueger to berlin's former temple or fairport to see a demonstration of by dues of polo autonomous driving technology the chinese tech company last year opened its autonomous driving program to third parties a move it hopes will accelerate development and hope would compete with u.s. firms tesla and google project way mode. the next ski thought we were nothing beats seeing for yourself what's possible we went on a little drive together and we both made it back in one piece and have come. just last week german comic a dime was said it had been given the go ahead to test autonomous cars equipped

with by deuce technology on the streets of beijing that makes it the first non chinese kind of maker to be allowed to do so. european union representatives have been meeting with foreign ministers of six balkan states and london to discuss their prospects of joining the e.u. the countries include bosnia and herzegovina serbia because of all macedonia albania and montenegro joining the e.u. these countries hope to generate greater wealth but before the western balkans can hope to benefit from europe's economic strength they've got some homework to do. all in all the west balkans are quite a way along the path to membership according to sources in brussels they've made progress on the rule of law and the independence of the judiciary the legislative process is also being brought in line with the european union. but e.u. membership also means integration in the common market business must be competitive

and in many cases that's a long way off the most important yardstick for the economic strength of a country is its gross domestic product in albania g.d.p. per capita is only about three thousand eight hundred fifty euros per year in macedonia it's only a little bit around four thousand six hundred by comparison e.u. member states have an average g.d.p. of thirty two thousand seven hundred euros annually about eight times higher. then there's the widespread corruption coupled with organized crime and money laundering but what are the alternatives for the region russia turkey and china are all trying to build their influence in the balkans that's putting pressure on the e.u. to accelerate the accession process. global sales of smart phones have been falling across the globe last year sales dropped zero point three percent as most markets are becoming saturated most markets but not india the country saw a fourteen percent spike in smartphone sales dissipating

a further boom some so as now open the world's largest smartphone factory in the state of for the. only a third of india's one point three billion people have a smartphone untapped potential need sales have room to grow here samsung is banking on this for with the new plant is the biggest smartphone factory in the world for what's become the world's second largest smartphone market after china one hundred twenty million samsung units are set to roll off the assembly lines here every year the facility is a boost to engine prime minister narendra modi's make in india campaign aimed at attracting foreign investment and creating manufacturing jobs. in may i congratulate the whole samson team for creating this new unit this event today is key in making india the hub of manufacturing this investment of fifty billion rupees will not only strengthen the business relations of samsung in india but will also prove imperative for indian korean relations. samsung may be investing up to

seven hundred fifty million dollars in the mega facility but market dominance is far from assured affordable models from shalmi have made the chinese manufacturer the top around the new factory the somethings attempt to snatch the title. jury in california will have to decide whether monsanto's weed killer round up is to blame for the concept of a forty six year old groundskeeper it's the first trial in which round up the said to have caused cancer claim repeatedly denied by the chemical company and disputed by a number of independent scientific studies if successful legal challenge could open floodgates of litigation against monsanto which was recently acquired by german chemicals heavy weight by. doing johnson used round up and ranger pro regularly for two years in his work as a groundskeeper his lawyer told the court that the herbicides active ingredient life site in combination with other chemicals gave johnson cancer. monsanto's

legal team disputed his account citing scientific studies supporting glyphosate safety claims testings when done by independent scientists by university scientists by government scientists it's been evaluated by the e.p.a. . round up is one of the most commonly used term besides in the world it's been suspected of causing cancer for years in november last year the e.u. renewed approval for glyphosate for five more years after a long period of debate and strong public opposition critics suspect financial motives behind the decision life aside containing herbicides are very lucrative for companies like monsanto and buyer. and the agricultural industry isn't prepared to stop using the weight kilis the court decision will be closely watched not least by hundreds of other cancer patients who have also launched lawsuits by or will be on

the edge of its seat two just after finally completing its sixty three billion dollar acquisition of monsanto last month. as the european central bank overstepped its powers as part of its quantitative easing program the e.c.b. has carried out a lobster tail bone purchases germany as the european court of justice to decide whether the measure which was intended to stimulate the economy of eurozone states breached. on a matter of policy not that. that's all from a child of an update for you in the next hour and watching about.

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