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. coming up from cost to whiskey another tariff it sector and it looks like jack daniels will have to jack up prices in europe we had to take that tennison distillery to find out. and if you've ever wanted to be a superhero now you've got your chance comic-con in san diego isn't just fun it's a money spinner too. i'm daniel winter and this is your business update us president donald 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 comic his 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. the e.u. commission president joan claudio 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 telling a 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. i'm here linford tennessee home to jack daniels with kids what they did they said they plan to increase their prices one percent for consumers in the year that 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 twenty sixteen elections that's likely the reason distilleries here are feeling the brunt of europe's response as brussels churns 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 edge. a national trade dispute. if the tariff situation is going to be. over all the bottom dollar of jack daniels getting their product to anywhere outside of tennessee or outside of the united states would be and that would raise their cost. and eventually could affect lynchburg. where the biggest fear is what unhappy customers in europe would need 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. how markets taking the. well i mean first of all those tariffs are not implemented yet and it might take some months if they come at all but we do see certain industries certain companies where we do see some pressure of the car industry for example or other multinationals like boeing where we do see stock prices falling a bit but overall the market is still taking it 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 at this point and so china can simply impose counter-terrorist as they've 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. now certainly if we look at the figures the u.s. exports goods 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 devaluates its currency if the yuan is going to fall further and actually it already dropped to the lowest in about two

years old that's true 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 against thank you it's been a pleasure. north korea has posted its worst economic performance in twenty years think it's 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 a 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 on the status so-called integrated resorts are aimed at giving japan stagnant economy a shot in the arm the resorts will combine the casinos with hotels retail and conference areas the ability to grossly 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. even now we already have people

losing at the chink open slot machines and some committed suicide to see. 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 and 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 market for 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 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 under a lot of common style known as cost play dressing up trend comes from japan and it's growing fast. i like getting attention getting the pictures taken and i just like to come here and have people come and talk to. our socialising 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 addicts prefer the homemade versions though and this paper sword might last until next sunday when comic-con closes to do see. that wraps up

another business update normally around this time i say to you that i'll see you tomorrow same time same place but 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 supported me for the past three and a half years. before i sign off for the final time i'd like to thank my friends and colleagues here at d w my dog chavela 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.

costs. must still. be opening up the just sucking metal bucket will showcase dozens of newcomers to the. ws the taxpayers are going to. fucking open here to take charge of all this stuff. just so there's going to help managers to not go to day nothing would change you know the banks you know your mind and so watch the language of the banking money. speaking the truth global news that matters g.w. for minds.

they are watching a positive train all in the water the poorest of the poor in poor countries started valuing education they are demanding good quality education for their children the cost what it wanted also to realize that if they have to have good quality or got some good quality consumers there needs to look quality skilled workforce i'm very confident that in two thousand and fifty nor child or nor am i going to build a man illiterate that is the fundamentally human but that is the divine guard which the nature of the body has given to us and those rules are legendary that i had to look good was clutching every thought i had the freedom they had against nature dragons bog.