terry nationals are scrambling to protect their bottom line tesla is the first u.s. car maker to high prices in china and also says it's opening a new factory in shanghai all to escape donald trump swore off tariffs. and a call for a complete. trade we talked to the man behind the petition saying no more poles . this is your business update it's only a week since the latest charges from china and the united states but national's already scrambling to supply chains to the good spell for the u.s. do not pass through china and the first american carmakers are raising their price on the chinese market to make up for the high. test 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 tesla cannot afford to be priced . 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 manufactures its x. series at its plant in north carolina and each year around one hundred thousand s.u.v.s produce their go to china b.m.w. is also ramping up production in china in response to its new tariffs on u.s. imports. all right let's turn to financial correspondent john score to new york yes so as he just says building a factory in china but at the same time it's announcing higher prices in china so

does that mean they are likely to go around the u.s. to produce even cheaper in china and china and tesla made it official on tuesday that they will start proving manufacturing cars in china probably in about two years and i'm quite sure that those plans have been in the making a way before this trade war if i may call it this. already started to china is the second biggest market for tesla behind the u.s. saw in that respect it makes sense to make sure you produce cars within china and the stock of tesla traded to the upside by a good percent and what makes the steel especially important is for the very first time a foreign car maker is allowed to manufacture cars in china without a chinese partner. and yes why is it then the markets seem to be so far at least unaffected by the on going tariff battle. well investors on wall street

seem to be tired was all those trade talks and actually not that much is happening at this point at least not that much news so investors on wall street are rather focusing on the upcoming earnings season that will really kick off on friday when the first big u.s. of banks will come out with their earnings reports and overall wall street is a very i read that this earnings season will be brilliant or partly because of the tax cuts of the u.s. president donald trump partly because commodity and oil prices have been increasing and so especially in the commodity in the energy sector investors are pretty sure that profits more than doubled in comparison to last year's or quarter overall wall street expects their profits will increase on average by a good twenty percent and was that it would be the second best earnings growth that we've seen in the past eight years and therefore stocks are up by the way for seven

stay in the past age trading days very optimistic wall street in new york thank you so much for your update. in london for a summit aimed at boosting economic and security cooperation the balkan states also hope to join the european union the something brought together at present tense of six past the balkans nations. kosovo macedonia montenegro and so yeah as well as seventy year nations including germany it's part of a diplomatic initiative that began in twenty fourteen but it's promised to freeze and make plans to increase funding to fight crime drug trafficking and terrorism in the region. one rhino is killed every seven hours in africa an elephant every thirty minutes and what's to blame well the greed for ivory predominantly in asia for example china poor the emergency brakes last year

and put a strict ban illegal ivory trade but european regulations are fulfill polls disastrous consequences as our next report shows. these two elephant cubs may soon end up like this was more elephants a killed by purchase every year than on form despite various trade embargoes ivory is in high demand while white. various countries in europe have become hubs of the international i free trade in germany alone thirty's compass created one point two tons of illegal ivory in twenty sixteen the trade embargoes in europe a full of loopholes the resale of ice free that was purchased before one thousand nine hundred eighty nine is legal if the ivory comes from animals that died of natural causes it can also be sold legally but these loopholes are exploited by traders to smuggle illegal ivory and by the illegal trade a study by the international fund for animal welfare the i f a w has shown that

various ivory products are traded online without certificate. animal rights activists and now handed a petition to the german environment ministry with more than one hundred seventy thousand signatures to demand a trade embargo with no exceptions the same demands are also coming from africa thirty two countries that appeal to the e.u. to finally shut down the ivory market. or as if it's all and legal ivory trade is a thing of the past this report definitely broke out to spain because it's not and there's a whole lot more to this so let's bring in a class an animal rights activist a wildlife and hamburg thank you so much for joining us now along with a funny thought that there is already a tight restriction to prevent illegal ivory trade what's the problem here. yes. the main problem is what just was said that still now more than twenty

thousand elephants are killed each year they are parched because of the ivory ivory trait so and this is possible because we have legal loopholes in the legislation in europe but also in germany that means that. certain circumstances and if conditions are met the ivory trade can be legal for example if it's a teak so i every is all rich and really quiet to be fought nineteen seventy and forty seven then it's possible to trade this legally but additionally and that is the problem you have the illegal trade and for the enforcement authorities it's quiets challenging even impossible to disk tin wish if this all the legal illegal so you leap lupul it's existing in the current legislation we have to close and we have to shut down the very markets in europe and also in germany right but if these

loopholes are known why is brussels for example not tougher on on regulations. that is a good question and we have to say that there is still a decision making process ongoing and we are waiting waiting for that gesture from the commission to suggest the member states what will be the next steps but we have also to say that the e.u. commission is depending on support to support from member states european member states such as germany and that this or reason i for is also the german government take on the responsibility to save the remaining elephants shut down the still existing i remark and i reach eight in germany and that's what you expect from your petition that was handed in today robert class thank you so much for your insights . appearing california will have to decide whether my son turns sweet killer round

up is to blame for the cancer of a forty six year old groundskeeper it's the first trial in which roundup is said to have caused cancer a claim repeatedly denied by the chemicals company and disputed by a number of independent scientific studies now if successful the legal challenge could open the floodgates of. against monsanto which was recently acquired by the gym in chemicals having a way to fire more details. were not 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 for site in combination with other chemicals gave johnson cancer. monsanto's legal team disputed his account citing scientific studies supporting life or cites safety claims thurston's when done by independent scientists by university scientists by

government scientists it's been a value weighted. round up is one of the most commonly used have a sides 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 containing herbicides are very lucrative for companies like monsanto and bio. and the agricultural industry isn't prepared to stop using the weight killer as the court decision will be closely watched not least by hundreds of other cancer patients also launched lawsuits by or will be on the edge of its seat two just off to finally completing its sixty three billion dollar acquisition of monsanto last month. today for the latest from the world of business for more i have to go outside. thanks for watching.

we're going to. try out.

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