was ahead. watching the only news from berlin business of monica jones is coming up in just a few minutes thanks for joining us. you think is going to win the two thousand h.m.o. cut. everything on the zero point. one fifteen billion dollars. movement in fighting for the states take you

seriously in the world of what appears has come out women strong. male superhero. smartarse smore state image and recently dangerous time such w. from on. london's bricks and plan could kill a trade deal with the u.s. says i don't want to trump a small business in the united kingdom we get some analysis from london what trump is doing what he does best. also coming up soybean farmers in the united states graceful the loss of their main markets the trade route with china intensifiers. what to do business and starting with this new italy. will not ratify state of the

european union's free trade agreement with canada that's according to the country's deputy prime minister luigi maior and that could shatter the biggest free trade accord india's the threats to the deal represents a further front to the ongoing global trade conflict a failure to deliver sita would be a huge setback for both sides who have been trying to ramp up trade amid growing u.s. protectionism now the meanwhile british prime minister to resign may and u.s. president donald trump holding talks on future trade relations between the two countries this after donald trump damning comments on mays breaks that approach saying it would probably kill any trade deal with the u.s. trump referred to london's newly released white paper on future u.k. q relations the key elements there include the so-called facilitated customs arrangement designed to avoid a hard order in ireland as well as a free trade area in goods and agra foods but not in financial services now all in

all london seems keen to maintain close relations with the e.u. after leaving the bloc clearly reaching a deal for the u.k. with both the e.u. and the united states may prove difficult. heard of trump's arrival in london plans for a softer price of maintaining close e.u. u.k. trade ties had already caused controversy the u.s. is a bastard or two the u.k. woody johnson warned that that would be a u.s. u.k. trade deal in the works would now be up in the year one deal has to come before the other the u.k. account finalized trade pacts on its own until after breaks it earlier this year free trade between london and washington seem more plausible trump even said a deal would be agreed quickly. the e.u. is the u.k.'s most significant market but the value of u.k. exports the e.u. has stagnated in the last five years while export to the u.s. has steadily risen over the same period. london now has

a very fine line to walk it has to redefine relations with two of its most important trade partners at a time when the e.u. and the u.s. are themselves at loggerheads over tariffs well for more on that i'm joined by callum pickering senior economist at bear a big bank in london i would like to start by asking you that britain needs to negotiate good trade relations with both the e.u. and the united states if you were at the negotiating table what would be your approach. well i'd certainly get my priorities straight and realize the u.k. exports five times as much to europe as it does the u.s. given the choice between boosting ten percent of my exports and damaging. fifty percent of my exports i think i'd prioritize limiting the damage on fifty percent and there you're referring damaging the impact on the relationship with europe i assume. exactly yes the u.s. the u.k.

house a simple choice to make does it remain oriented towards its biggest market or does it try and improve its trade ties which is what which is a relatively small export market in the u.k. as we saw over the last two weeks it has decided to maintain good relations with its biggest market this is a good idea that of course nothing is written in stone just yet that white paper has just been released and it offers basically to need to brussels for ways that know how but interesting enough it certainly excludes when it comes to closer relations it takes excludes the financial sector why do you think. well the u.k. will end free movement of people when it leaves the e.u. from the start the e.u. is made absolutely clear financial service is off the table if the u.k. chooses to violate that key component of the single market so it's no surprise in

a way the u.k. is simply realized that it cannot have financial services if it ends free movement of people on the side of the ending free movement of people matters more than keeping good access in financial services and they've brussels turns around and says well thank you very much for the proposal unfortunately it won't to do will that open the door again for better negotiations with the united states. and i think on this case the e.u. case proposal to keep reduce your why. i mean in goods with some kind of customs arrangement in my opinion it's a customs union in all but name i think you will see that this is the first off the u.k. has put forward that is a reasonable basis for negotiation so i don't think the e.u. will reject it although they may be maybe some suggestions about how the u.k. may need to prove that the technology it aims to use to distinguish between in all

but name i think you will see that this is the first off the u.k. has put forward that is a reasonable basis for negotiation so i don't think the e.u. will reject it although they me maybe some suggestions about how the u.k. may need to prove that the technology it aims to use to distinguish between you came you tyrus will work by the time you case ready to leave the e.u. we have about half a minute left and perhaps you could enlighten us do you happen to know what donald trump advised to reset may to do in terms of greg said she said she gave her advise and she didn't take it. all i think donald trump was advice would have been just try to convince the e.u. that you're completely crazy that's exactly what we see now when we see the u.s. negotiating trade deals the question is will that work i doubt very much all right

kellan pickering there senior economist at bear in bed and in london thank you so much for your time. we're here on the european continent people have also been listening to donald trump's comments and it seems that he wants a trade deal with the united kingdom than a relationship with the european union which is remarkable given the fact that the e.u. is a much bigger market i asked our frankfurt correspondent last haueter what he makes of that. well i guess we know that donald trump likes selling a lot more than he likes buying and when it comes to selling when it comes to exports i think he looks at britain as the better partner because in terms of trade the united states actually runs a small trade surplus with the united kingdom and they're running of course a deficit with the e.u. and a trade deficit in and by itself is a terrible terrible thing for president trump he doesn't like deficit's as we know and it doesn't really look behind the scenes here. trade of course between the u.s.

and u.k. is mostly in large parts pharmaceuticals it's in terms of the united states shipping to the united kingdom it's mostly cars and it goes in reverse with aircraft and aircraft parts now. the e.u. is still in negotiation with britain and what ching everything that happened here in europe especially mr trump in the last couple of days what is the sentiment towards the end of the week where you are. well certainly the last couple of days haven't made things easier it was a terrible week here in terms of the negotiations with first with david davis get out of the government being replaced by another hard line of then we had chaos and entirely in sewing and when boris johnson left the government too and now looking at the white paper of course we see that a lot of details here look more like britain wants to move towards softer breck said rather than a hard and of course now the united states away in the way donald trump just did

certainly doesn't make it easier for the parties to negotiate their reporting for us from frankfurt thank you so much. now when washington's tariffs against china took effect on july the sixth china retaliated with tariffs on the same day china's move is said to impact a slew of u.s. agricultural products and industries including soybeans the u.s. exports fourteen billion dollars worth of soybeans to china annually and that is according to the u.s. department of agriculture but china says that the trade war doesn't amount to a hill of beans for them. though in villa easy ana is soybean country raymond checks night a says his crop is coming in oh well this year. this is what we're looking at soybean but if the trade spat between the united states and china doesn't tend soon his market is gone six ny just says he could lose more than one

hundred fifty thousand dollars thanks to the twenty five percent china slapped on u.s. imports in response to trump's tariffs. i don't know if we realize from the start how big of a buyer drano was. you know everybody talk about the imbalance of trade but this was a really big. big deal big deal. china is louisiana's biggest export markets roughly fifteen thousand jobs depend on the states agricultural exports to china meanwhile beijing says the trade conflict will have limited impact on the chinese soybean market in twenty seventeen most imports came from brazil and argentina and in early july china removed tariffs on soybean imports from some asian countries may tell me where that oh well no wonder and without us soybeans we can import soybeans from south america and countries along wilson road routes to meet our needs and at present this will be in reserves are abundant. we

share meet the requirements of the country at any time to ensure market stability so these. ball. well the city. analysts say the chinese targeted soybeans because the plant is grown in many states that voted for donald trump in twenty sixteen for a large number of u.s. soil being famous the decisions made by the white house sic no bankruptcy. and just one month after a federal judge in the u.s. approved eighty enties eighty five point four billion dollars acquisition of time warner the u.s. justice department said it would appeal the decision it's. because of antitrust concerns saying the deal would harm consumers the federal judge then moved to the most forward regardless following a lengthy trial well president obama told also opposed the deal. about is your business update here on d w you can always find out more if you follow us on social

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come to the what cup show number seven it is our last one before the great final of the world cup two thousand and eighteen in russia where croatia has two backs from us so we have let's talk about right that's true and i'm actually i'm super happy that michael is here i had my head in my dollars just for.