next hour with your business headlines and i'll be back at the top of the hour see you. after. being run by the children. his works and the goddess fortuna. the munchies and feed. the children stretched beyond twenty teams. earth home to millions of species go home we're saving. google ideas tell stories of creative people and innovative projects around the

world ideas to protect the climate boost green energy solutions and reforestation. using interactive content to inspire people to take action google audience the environment series of global three thousand on t.w. and online. it's the biggest wave of punitive tariffs yet u.s. president trumps new duties have made two hundred billion dollars worth of chinese imports more expensive china bows to counterattack swiftly. ad us bret's the talks enter the final stretch irish horse breeders look ahead to see if they're on track to lose lots of money. back authorities are a victim streetside food and other vendors in. what they claim is

a push for more hygiene and order. some for business on the w m how yet again us welcome to the program u.s. president donald trump has announced yet another set of tariffs on chinese products it will hit things like copy machines memory chips and many consumer products the new duties initially said a ten percent will affect two hundred billion dollars worth of imports as expected the chinese didn't just sit there and watch. a matter of hours after u.s. president donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u.s. goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on look you saw groove on we keep stressing that the dialogue and consultation based on quality

good faith the need to respect is the only right way out of the trade dispute going on that what the u.s. is doing now shows no sincerity and goodwill for found out soon that china's counter attack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliation president trump appeared to think the move was enough to force china to the negotiating table so china is now paying those billions of dollars in tariffs and hopefully we'll be able to work something out what i think they want to make a deal they don't want to make a deal that i can tell you they want to make a deal. but from our standpoint it has to be fair it has to take care of our workers but both a condom iis could now be losing ring to maneuver aside from tariffs already

implemented or imminent trump has also threatened further punitive taxes on two hundred sixty seven billion dollars worth of goods in other words tariffs on almost every single product china sells to the united states. all right let's break this down for that i'm now joined by dennis novi a professor of economics at work university thank you for joining us and welcome to the w n i'd like to start with a very simple question actually because we see this is a never ending story at least it seems so and the question is still the same is the u.s. strategy going to work. ultimately not certainly not when it comes to china there's not much of an economic rationale and the background donald trump is focusing on bilateral trade deficits and most economists would say that has nothing to do with china really that it's really about saving behavior in the united states and china on

a political level is not going to move if the united states and the white house in front of all the cameras puts pressure on china a better strategy would probably be to do work behind the scenes and to team up with other countries canada and the european union but not to go it alone now let's talk about what china could do because with china importing far less from the u.s. than the other way around the possibilities to respond with tariffs on u.s. products are rather limited could they retaliate via the bond market do you think. well i think china has a lot of possibilities to retaliate and they could actually make life much harder for us american companies that are active in the united states this doesn't have to work through tariffs they could just make they could erect minnesota barriers they could actually force more joint ventures on the americans they could actually give preference to u.s.

competition which actually there have already if you look at the car industry they have lower tariffs or they have now have lower tariffs for cars for countries outside of the u.s. compared to the united states so that's why actually they can put lots of pressure on american companies in different ways and was really looking back at the u.s. you've said this is a dangerous political game i don't trump but the u.s. economy is doing fine despite the street dispute where do you see the risk. well the risk is not so much for the u.s. economy and even if you impose a lot of tariffs import tariffs in the united states while that will feed too high a price is for consumers the united states people in america will have to pay for it but the u.s. economy is so large that even when it comes to trade with china the impact will be fairly limited so the reason that united states are doing well does nothing to do with china and i don't expect that china asco lation to have a big impact at least not for the time being but that the risk is much more that

the political institutional architecture of global trade might actually be damaged from all of this and let's remember that it was the united states that invested a lot of political capital since the end of world war two to set up precisely this architecture that they're now trying to undermine and what i mean by that is an architecture which is based on the rule of law which is based on international cooperation and which is based on dealing with allies and trying to work with allies to get results and this is precisely what the united states is now abandoning right tennis novi from working versity thank you very much for your analysis on to an issue here in europe as the countdown to britain. britain's exit from the e.u. countries continues more and more sectors are preparing for a worst case scenario that includes industries you don't immediately would think of

ireland as one of the world's biggest question countries horses and everything around them is a billion euro business but irish purse eighty percent of irish thoroughbreds are sold in the u.k. and now breeders companies and almost thirty thousand employees fear their business could be hurt. there's always room for a bit of glamour. here at the leopardstown racecourse in dublin the horses are warming up. and the bookies are doing stellar business horseracing is deeply ingrained in irish culture and the industry is worth a lot of money. with an annual turnover of around one point eight billion euros it's an important economic sector for the country but there are fears that breaks it could slow the industry from a gallop to a canter the worst case scenario is that barriers are put on horses are not allowed

to move freely across the border as they are at the moment they have to be subject to veterinary checks or perhaps there is a tariff for a charge for horses to move into the country those twenty five thousand movements of horses every year between britain aren't in france. race horses are often transported internationally by plane or ship. traditionally there have been close links between the horseracing industries in ireland and in the united kingdom. the overwhelming number of horses that you find running on the race meeting in england are actually our age bracket or a bloodline so the import and export between art and great britain is absolutely vital to the huge industry that it is and. worldwide ireland ranks number three for thoroughbred horses. a full sired by this stallion called invincible spirit will set you back one hundred twenty thousand euros readers around the world bring their

mayors to ireland for an encounter. breaks it is a huge risk for an irish star brad industry it because obviously where detached from mainland europe for a horse for example like invincible spirits a lot of the mayors will use the u.k. as a land bridge so if they have to take a lot longer to get to where they need to go to there becomes a risk naturally breeders will decide not to travel and will decide to use the stallions at home. every year brit spend two hundred fifty million euro zone thoroughbreds from their irish neighbors no wonder then that when it comes to freedom of movement many irish are concerned about their horses as well as themselves. bangkok street vendors are part of the city's landscape it's hard to imagine the thai capital without them but the local authorities want to tidy up the streets and are shifting away street vendors to less attractive locations the vendors claim their livelihoods are being threatened while some say the plan could

strip the city of its charm. life has become harder. as business has been struggling since city authorities banned street vendors from parts of the city. high traffic and frequented by tourists now he only makes around fifteen dollars a day. i. believe the income is gone. like they did before. they should make sure that the streets aren't messy but they shouldn't have picked us. to clean up the city they have moved more than twenty thousand street vendors from several locations since twenty sixteen and they have identified more locations where vendors will be evicted but they are plans to do more than just disrupt the livelihood of the city street vendors critics say they are redefining. yes i agree

that you need good management but then no i don't agree because i would like to keep bangkok. you know available exotic good for the public so. i think of how to manage. everything. that's all and other street vendors want a plan that will allow them to stay and maintain their livelihoods. you don't use will return at the top of the hour to stay with us.

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manton sixteen and i'm crying i go around the world. don't build against the famines generation. this was a constant dust from the stupidity inclusions. they demanded must go home to some of the wanted maelstrom of euphoria violence with the be a more limited role the margin aeration home watch the bomb war every day. cohen documentary takes on a small tons of those where the members of the movement for the first time had a feeling of being part of something the. millions of those events today.

will soon spread. civil rights the peace movement. during this period. sixty. two don't. play today on global three thousand we're off to spain where obesity is a serious problem the solution finding strength in numbers. in this sightedness is.