angela merkel says u.s. car tariffs could endanger people's prosperity she says the e.u. was working on counter measures in case donald trump as collates the trade dispute and right on cue he did just that. also coming up from cars to whiskey another tariff hit sector and it looks like jack daniels will have to jack up prices in europe we had to tell the tennessee distillery to find out. and if you don't want to be a superhero now you've got your chance comic-con in san diego it's just fun it's a money spinner to. i'm daniel winter and this is your business update us president on will trump has been stoking the trade dispute with the e.u. and china signaling he's ready to slap tariffs on all chinese imports german chancellor angela merkel meanwhile reiterated that the e.u. is determined to counter any u.s. tariffs as mrs merkel told reporters in berlin the situation is very serious.

tensions continue to run high in the german car industry with the u.s. government this week repeating threats to impose high import tariffs on cars and component germany's car makers association was quick to underline the importance of its members for the u.s. economy. german manufacturers and suppliers operate over three hundred plants they're creating over one hundred thousand jobs in production alone. german chancellor angela merkel warns that the tariffs not only threaten global growth prospects but also contravene world trade organization procedures. the e.u. should call a spade a spade namely that we think it is incompatible with w t o rules we don't want these tariffs we believe that we harm each other not only that we are harmed in the european union but that this can have much wider implications for the e.u. commission president john claude younger travels to washington for talks on trade next week if a solution can be found the e.u.

says it will consider further counter measures. some e.u. were tahlia tree tariffs on american products came into effect at the start of this month for jack daniels the united states biggest whiskey exporter it may mean hiking prices in europe and washington correspondent claire richardson went to lynchburg tennessee to get a taste of the problem. american whiskey in the firing line now that the european union has hit back against president donald trump with tariffs of its own companies like jack daniels are being forced to make sacrifices that could hurt their bottom line. idea and then for tennessee home to jack daniels with kids what they did they said they plan to increase their prices. for consumers in the year if you in the area that you were choosing what you think will forego the expense of a good product and simply pick a. tennessee strongly backed trump in the two thousand and sixteen elections

that's likely the reason distilleries here are feeling the brunt of europe's response as brussels turns up the pressure on places the republican party needs to win in the upcoming midterm elections. now the few hundred residents of lynchburg have found themselves in the center of an inter. national trade dispute. if the tariff situation is going to get. the over all the bottom dollar object game you're getting their product to anywhere outside of tennessee or outside of the united states would they and that would raise their cost. and eventually could affect lynchburg. where the biggest fear is what unhappy customers in europe would mean for jobs here in tennessee. the immediate probably will be. having to pass that cost on to the consumer so. poor people in germany would have

paid more for. sorry. for europeans up price. and for jack daniels a painful hangover from donald trump's tariffs. and donald trump is threatening to impose tariffs on all chinese imports let's dig deeper with the culture on wall street against how markets taking the. well i mean first of all those tariffs are not implemented yet and that might take some months if they come at all but we do see certain industries certain companies are where we do see some pressure of the car industry for example or other multinationals like pillow boeing where we do see stock prices falling a bit but overall the market is still taking a rather easy we just finished the third consecutive week where blue chips actually saw gains even if the market was tiny little bit under pressure on friday but overall the market really takes it to rather cool who at this point and so china

can't simply impose counter-terrorist as the done in the pasta because they just don't import enough u.s. goods to match what the u.s. is doing so how could china respond. and certainly if we look at the figures the u.s. exports to china in the amount of a good one hundred thirty billion dollars and they import goods from china in the amount of a good five hundred billion dollars so on this side the u.s. seems to be here in the driver's seat but china certainly has possibilities to counter one for example would be if china just evaluates its currency the yuan is going to fall further and actually it already dropped to the lowest in about two years so that to a certain degree would level out higher tariff they can also stop buying u.s. treasuries they could make life miserable for u.s.

corporations have been active in china so there's a whole lot actually of a china could do to counter those tariffs right against thank you it's been a pleasure. north korea has posted its worst economic performance in twenty years figures from south korea's central bank showed the socialist north's economy contracted by three and a half percent last year as manufacturing and agricultural output sank the poor showing can largely be attributed to international sanctions and twenty seventeen the un security council banned the north's main exports which include coal minerals and textiles its leader kim jong un has accused factory workers of not working hard enough. japan's parliament has approved contentious legislation allowing up to three casino resorts to open in the country supporters say the casinos will attract more tourists including many wealthy holiday makers but opponents contend the law will fuel organized crime and gambling addiction. this is pitching co the slot

machine stand again up until now it was one of the few types of gambling allowed in japan but that is about to change on friday the government passed a controversial law legalizing casinos modeled unless they get so called integrated resorts are aimed at giving japan stagnant economy a shot in the arm the results will combine to casinos with touts retail and conference areas the vilest rigorously contested among the opposition politicians and the public a recent poll found a majority of sixty two percent against it people fear organized crime will move in the country also has a well documented problem with gambling addiction. but if even now we already have people losing at the slot machines and some committed suicide this is the

beginning comparable amount of money moving with the casinos. so i'm against it. but some underscore potential economic benefits. the economy will grow and employment will increase. unlike the pachinko partners which operate in a legal gray zone and hence face no gaming taxes casino sales will be taxed at thirty percent the government hopes to generate revenues of up to thirty four billion dollars a year. the market for comic books is clearly dominated by the two big superhero brands superman's d.c. comics and marvel the home of spider-man they count the two thirds of global sales as the markets of comic books declines much of the money comes in from licensing deals for movies and merchandise and if you want to find out what's hot head over to comic-con in san diego world's biggest comic festival. comic-con is

long sold out even though. the venue can hold one hundred thirty five thousand people a day ticket for those lucky enough to get one can cost over sixty dollars some bring the whole family and a lot of come in style known as cost play with dressing up trend comes from japan and it's growing fast. and like getting attention like in the pictures taken just like to come here and have people come and talk to more when you're in cars place. else or flooding all bad. visitors spend around one hundred fifty million dollars in san diego during comic cons five days not counting the cost of some of the extravagant costumes plenty of comic con artists prefer the homemade versions though and this paper sword might last until next sunday when comic-con closer to the seer. that wraps up another business update normally around this time i say to you i'll see you tomorrow same time same place that just won't be the case

this time i'm heading on to pastures new leaving behind the country i've called my home for nearly a decade and the broadcaster that supported me for the past three and a half years. before sign off for the final time i'd like to thank my friends and colleagues here in my dog chela family and i'd especially like to thank manuela cast by claridge the head of the english channel without whom i wouldn't be sitting in this chair most of all i'd like to thank you for watching. if you want to follow me on my next adventure you can follow me on twitter at winter the big is but for now keep watching d.w. and goodbye.

think fun beethoven. his works and that god is for to know. the maestro and famous. beethoven bomb twenty. kilmeny the tumbling dice or entires came from jurors or didn't have any and then i killed many civilians i mean the irish company cutting my father was so hurt and i was a student i wanted to build a life for myself. but suddenly life became alledge kind sob. providing insights global news that matters d. w. made for minds would it be fighting for the case to be taken seriously in the world of war here's what's coming up. on

w. the film superhero on a mission to change attitudes smart women smart drug smarts to shine a legend this in by no means missed out on brain creasing lean dangerous time. to make sure my. every journey begins with the first step and every language but the first word i looked into the coke is in germany. why not learn with telling her. it's simple online on your mobile and free. t.w. zealand in course because german made easy.