tv Business - News Deutsche Welle July 19, 2018 3:15pm-3:31pm CEST
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buddhist novices to honor the man who died trying to keep them safe. it watching the news still to come the loneliest bell make a day in all of green get had al first will be here to tell you why coming up in business. and that's going to be up to a very short break thank you for watching. good evening brown really love apple fittler. or did she love the life he provided for her. she was the dictator's mistress.
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only an insignificant concert at his side. or pursuing her own ambitions. his new other woman got some close to. life and death with the film. starts july twenty first on d w. a warning shot from brussels across the atlantic the u.s. trade commissioner says the block is preparing retaliatory measures against donald trump's terrorists while the us tar industry was once the congress of thousands of jobs in the us are at stake. also on the show the e.u. introduces temporary causes. on steel imports amid fears that u.s.
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tariffs will encourage major producers like china sent this deal to the e.u. instead. this sounds coming from the last company making church bells in greece. business on. the european union warns it will retaliate if u.s. president or trump imposes quote disastrous tariffs on automobiles we are preparing a list of rebalancing measures the e.u. trade commissioner to syria mobster and said meanwhile resistance against farms levies is also growing in the u.s. today manufacturers suppliers car dealers and foreign diplomats are testifying at a washington hearing to try to head off or worse u.s. carmakers say that hundreds of thousands of jobs in the u.s. are in danger if donald trump goes ahead with the levies on car imports. this
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plant in the mexican city of steel are always run by american multinational general motors each year it produces four hundred times and pick up trucks destined for the u.s. market. it's just the kind of operation u.s. president donald trump has tried to clamp down on he wants american carmakers to produce at home. but such protectionist rhetoric often overlooks the importance of america's own export markets staying with the example of general motors some five thousand of the company's employees in the united states produce parts which are assembled in mexico. if the united states follows through on its threat to impose tariffs on car imports the cost of pickup trucks in the u.s. would be very likely to increase for general motors that could mean job losses in both mexico and the united states and that's just one example of the potentially disruptive effect of the protection. measure. the lines of force in the be a
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manufacturers which represents several major car makers is due to voice their concerns at a public hearing on thursday the group's sense higher tariffs could result in hundreds of thousands of job losses in the united states and increase the price of u.s. vehicles by eighty three billion dollars on uli. as we speak american workers employed by international common of factors like b.m.w. or others in the u.s. are gathering in washington to protest against the planned. correspondent example phenomenas on the scene there these are american workers the very people going to promise to protect what are they worried of loss. well they say they are concerned about the u.s. economy because they are convinced that imposing these tariffs would do harm to the u.s. economy that it's like introducing new taxes and they also say that they are proud
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of their industry that the car industry and that there is no case here you know that the u.s. president has repeatedly made the argument that the foreign carmakers. export less cars to the us and more cars here but this workers here say that's what's happening right now we are concerned about our jobs and so we want to have more opportunities to produce more cars and to export more cars. it's quite bizarre isn't it american workers demonstrating against the u.s. carmakers begging congress to stop foreign competitors is there anyone left in the u.s. except. you know in this hearing today there is only one expert in favor of the tariffs forty six x. forty four experts will be arguing. there have been many written statements
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issued about this topic and we have to say that the vast majority of the voters would like to see the president negotiating from you agreements trade agreements rather than imposing tariffs and there are more and more republican lawmakers who are threatening to block the president's attempt to impose tariffs on national security grounds well that's a. question can lawmakers actually. hold together or could trump go ahead on his own. while the us president can impose tariffs on national security grounds therefore he has ordered his u.s. department of commerce to investigate whether imported cars are a threat to national security that sounds ridiculous and that's what many lawmakers say therefore they are trying to block this attempt they are working on different bills to delay the tariffs or even talking about trying to wrest control of their
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trade policy back from the you ask president they're working on a bill that would require a congressional improvement of tariffs that would be imposed on national security grounds our correspondent alex some of phenomena in washington thank you very much . the european union has introduced temporary quotas on steel imports e.u. lawmakers fear the u.s. tyrus will encourage major producers like china to send their seal to the e.u. instead could leave. which may destabilize the steel industry there is a lot of steel on global markets at the moment primarily due to chinese overproduction china makes almost as much role steel as the rest of the world combined quarters will stay in place for a maximum of two hundred days. let's bring in our financial correspondent only
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vance and frankfurt only trump tower of policies have a ripple effect across markets quoters the right way. it's protectionism by a different name you know they're taking a three year average and of steel imports go over that three year average then boom you have tariffs slapped on it and you know with the customer side you have a certain amount of first come first serve there when the amount imported exceeds the three year average so presumably you might have some very unfair treatment of the people who are first in line get no tariffs and the people who come after that they get slapped and who knows how steady the companies are to get slapped. the e.u. can do that it's a measure that it can take in response but the european car industry association is warning it's going to lead to higher steel prices but demand having gone up
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recently and that's to the detriment of the people involved we every day we're getting news of new tariffs new counterterrorist new counter counter terrorist markets should be quite volatile with all this or investors getting used to it. no they're not that is regionally they're getting used to it a bit but regionally not if you take a look at the far east the chinese equities have tanked since the beginning of the year mainly on worries that the trade conflict will hurt the economy there and one currency of the chinese is at a one year low here in europe equities in the euro zone euro stocks fifty in the box for example here in germany they have recovered from march lows despite all the trade conflict worries and right now equities are higher again but traders tell me they're higher without conviction behind these share prices at the moment because of the worries there's hardly volume behind it. of course it's in frankfurt thank
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you. malaysian budget ally and asia has ordered passenger jets was thirty billion dollars from your. manufacturer abas the first delivery of one hundred eighty three thirty neil long war planes is expected to arrive towards the end of next year. wants to use some of the aircraft to break into the european market the fleet will allow the island to take up to take on longer nonstop routes to the continent it's likely to kick off with the service to london. for the financial crisis has hit greece hard and after years of a steady many small businesses have collapsed but small companies can also nimble and can react quickly to a changing economic environment one traditional family business found a way not only to survive but to thrive in the crisis bringing up plenty of new orders quite literally. the gallon
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oculus family has been making bells for over two hundred years the last remaining bell making business in greece is run by christophe and thomas now in their fifty's when the financial crisis struck the two brothers refused to give up a trade that their forefathers began in the eighteen hundreds. making bells is labor intensive and time consuming and then output plunged by sixty percent in the wake of the financial crisis alongside a fall in church donations but the brothers refused to shut down instead they focused on exporting their bespoke chimes. there's a moral satisfaction that comes with continuing something your grandfather did your great grandfather your great great grandfather it's quite significant. now more than half the gallon production is ringing out in countries like australia africa and the us. christofferson thomas sons will continue the business much to
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the relief of their fathers who feared it would end with them. there was no way i was going to let all my fathers and uncles efforts in building all of this be lost and secondly as a trader i love it i like it i find it enjoyable. that will be music to the ears of the local priest who swears by golly not the law spells he likens them to the call of god. and that's as for me on the business team here and. in the next hour of course before you go here's a real time check on global markets after a silence from washington but i.
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