tv Business - News Deutsche Welle July 20, 2018 1:02am-1:16am CEST
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the u.s. car industry stands up to trump's tariffs in washington. workers from america's biggest car makers come out in force to protest the multibillion dollar judy's saying that jobs could be on the line also coming up italy's new government is taking a tough stance on migration but we meet small business owners with migrant backgrounds who are thriving. i'm daniel winter and this is your business update there were protests in washington as the u.s. commerce department launched hearings into import duties that's import duties on cars and here's why trump's tariffs don't just affect imported cars but vehicles made in the usa too because his measures put a levy on parts as well let's look at two cars honda civic an l d q five the compact car today costs just over seventeen thousand dollars
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but see what happens when we slap on trump's judy's the price shoots up by almost one thousand seven hundred dollars the luxury s.u.v. comes off even worse a price increase of almost nine thousand either the consumer all the company will have to eat that cost of higher costs means cutbacks from the u.s. tariffs alone that could mean as much as one hundred ninety five thousand jobs lost factor in retaliation by foreign countries on an equal basis as many as six hundred twenty four thousand u.s. jobs could be slashed and today workers in the industry have made their anger clear . inevitably everyone arrived but auto pick up trucks made in the u.s. even japan's toyota belongs to the u.s. automakers alliance along with names like general motors ford and folks. all of them produced in the u.s. and they all oppose trump's plans if we put very very high taxes on
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cars in the united states and keep in mind since it's both auto imports and auto parts imports every single car or truck sold in america would face price increases higher taxes higher taxes will lead to fewer sales fewer sales will lead to less production less productions will risk american jobs in the hundreds of thousands of job say the protesters who also claim auto prices would rise by an average five thousand dollars we're very concerned about the security of our jobs and if i get these vehicles or claim that their calls are national security issues here that refers to trump's claim that national security is at risk if tariffs on to imposed on all toes on components. this is not good business this is not good for our economy this is not good for the very workers who in fact voted for him so far there's been no word on when washington actually intends to put the threatened tariffs into effect. for more on this i spoke to our correspondents alexandra
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phenomena in washington against coulter in new york i started off by asking if the u.s. department of commerce could have some troubles finding someone who actually supported the towers. yes you're right. old but one of forty five witnesses scheduled to testify today are expected to testify against plan to impose tariffs on imported cars and car parts only one representative on their labor union of the united auto workers expressed today a sort of measure and supports saying that decades of disinvestment and all sharing of you as jobs by multi nation oil companies has weakened you and economic security as a nation but old al gore witnesses i was listening to were quite sure they wanted the consequences of such terrorists would be on the floor scene and this stressed
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that the u.s. car industry is thriving so there is no case here no threat to u.s. national security ok so let's cross over to new york now yes we heard about consumers and employees already but what will be the effect on companies themselves well quite simply the margins in the u.s. car industry are actually that's true for the car industry globally are not very high so meaning if costs increase of it might lead to price increases and therefore eventually lead to fewer sales to take the toyota camry for example that it's built here in the united states about a third of the auto parts are coming from overseas so those would become more expensive then we might see a rebellion torrie measures from other countries so that could hurt exports so for the you. build cars and so you would could see lower sales some higher costs and it's not just we're talking about both auto tariffs so we also see
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a tariffs already on the menu and on steel so that also makes production here in the u.s. more expensive ok looking at the macro perspective how seriously should we take this just how critical are calm acres to the u.s. economy. the u.s. car industry is quite crucial to the u.s. economy if you just take the direct effect of goods three and a half percent actually of overall gross domestic product comes from the u.s. car industry the industry employs about one point seven million people here in the united states so this is just the direct effect but then take a b.m.w. for example the biggest exporter of cars outside of the united states exported more cars than general motors for instance and they have their big factories and spartanburg in south carolina and part of storage see from south carolina they're already warning that if those terror terror of should come in place that could certainly also hurt the business of those ports or the impacts will be far fetched
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ok let's briefly quote cross back to washington alexandra what is the likelihood that the trumpet ministration could heed the warnings from the car makers from the e.u. and back down. the u.s. secretary of commerce said today that no decision has been made yet and as we said there is a growing opposition to cleanse and there are more and more republican lawmakers threatening that they are going to block such cherif space on security on national security grounds and there is there are some hoping that the european union will come up with a compromise but for the moment we have to say that the president is determined to impose these tariffs tracking that story for us alexandra phenomena in washington thank you very much. to another kind of transport malaysian budget airline asia has ordered passenger jets was a thirty billion dollars from european manufacturer air bus the first delivery of
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the one hundred eighty three thirty media long haul play expected to arrive towards the end of next year and asia wants to use some of the act craft to break into the european market the fleet will allow the airline to take on longer nonstop winds to the continent it's likely to kick off with the service still on. the first of us is news striking beluga x l f races took to the skies from toulouse on those they employ use chose the special livery which makes it look like take friendly and do good way of the aircraft and carry payloads of up to fifty one tons equal to more than five london double decker buses pollute the fleet carries into sections of us aircraft from production sites to their final assembly lines in europe. italy's new government has promised to be tough on illegal and uncontrolled immigration but some legal and well integrated immigrants are watching closely to see if that
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sentiment spills over to reach even that the city about kimo is a stronghold of the north and be the party known for its anti immigration policies but that too we found some small business owners with migrant backgrounds who all thriving. francesco rue is meeting a client who is looking to market his equipment in asia. he needs help. was born in china his family moved to milan when he was eight years old but that doesn't stop people from making assumptions about him. so no doubt i mean engineer i studied in milan i've spoken to talian for more than twenty years but when i meet people they always perceive me first as chinese then as an engineer like. northern italy which has a robust economy is also home to the far right party called the league there's ina phobic party has a large presence in the area smaller towns francesco wu is all too aware of their
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views who is also a restauranteur when he moved to amman suburb his looks became an issue. in the beginning italian customers would come in they'd see my italian staff but when they realized the management was chinese i think that made it really hard at first that it took him four years to overcome the doubts and develop a devoted clientele. it's a similar story in bag imo a popular tourist destination and another league stronghold and have take runs the only african restaurant here that makes some rather exotic although he and his wife haven't had to deal with open discrimination things aren't exactly ideal for them. even if the situation here isn't easy in the quest that i'd most likely have more than one restaurant in other cities that are but when customers show up i can see
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they're suspicious they're good people from this region are skeptical unlike guests from rome and john were more used to the african cuisine still and on his wife have also developed a regular clientele and feel more or less at home and back imo although wary about the new populist government he tries to remain optimistic but i found quite a lot of thought it better that's just too early to judge the new government. because i know that but it's clear there's a real risk of things getting more difficult in all areas. into he said. on the streets of baghdad many italians support the government's tough stance on immigration now they want to see the same approach with the economy. and that wraps up your business update for today don't forget to check us out on social media facebook and twitter such for d.w. business i'll be back with even more tomorrow same time same place i hope to see
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around beethoven. his works that god is for to know. the maestro and three. children insist upon twenty two. have a terrible problem with biofuels right now in that in that they're eating they're taking food. so i've made a prediction that about a century from now maybe two. we have a militarist for the grows up that supplies carbon for industry. you can imagine making synthetic fuels out of carbon that you broke. with plants it will be in salt water goes to syria will be in the ocean and the reason
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