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 it's straight back. also on the show as brics it's talks enter the final stretch irish horse breeders look ahead to see if they're on track to lose lots of money. and a bad talk authorities are you victims streetside food and other vendors in what they claim is a push for more hygiene and order. it's our business on the w m how you know you're welcome to the program we start with a never ending story u.s. president donald trump has announced yet another set of tariffs on chinese products this time it will hit things like copy machines and memory chips and many consumer goods the new duty essentially said at 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 in mutual respect is the only right way out of the trade dispute going on but what the u.s. is doing now shows no sincerity and goodwill for found out i love seeing the china's counterattack 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 us 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. definitely time now to check in with our new york financial correspondent. to see you again now we see

most indices in the green yens why is the market so calm in all of this. it's not just the most amusing is the green but actually the s. and p. five hundred and the dow jones industrial average are almost at a record level and servia saw a very strong session here on wall street to one reason might be that the terrorists so far are considered to be moderate at least when you talk to investors over here and some experts fear that we might have even seen tariffs on those two hundred billion dollars in goods not of ten but twenty five percent but u.s. president donald trump is probably well aware that the holiday season is coming and he doesn't want to hurt u.s. consumers too much and then also we have the midterm elections coming up and then there is still a lot we do not know what's going to continue when we talk about the trade

dispute but what investors do know is that the u.s. economy so far looks pretty solid corporate profits are looking strong and then also u.s. corporations are buying back their own stock at record levels and all of that support of the stock market at this point. poke about moderate measures so far no let's take a look at the other side because with china importing far less from the u.s. than the other way around its ability to respond with tariffs on u.s. products is limited we know that but what other options does china have. well there are a couple of measures that china could to take before once for example they could to devalue their own currency and that at least make up a little bit of the higher tariff so that prices of chinese goods won't get too high in the u.s. then there is another possibility that china could block certain

exports of some crucial components for the u.s. industries so they could hinder the supply chain they could also block exports of some crucial raw materials even if that doesn't seem to be too popular with the chinese government either and then finally china could also stop buying u.s. treasuries china is the biggest foreign debtor of the united states sold that could also be an option but all of these measures i just mentioned also could backfire to a certain degree to chinese to the chinese economy yet to be seen thank you very much in new york for your analysis to corporate news now and a man in trouble or at least so it seems tesla confirmed on tuesday that it is being investigated by the u.s. justice department prosecutors opened a fraud investigation after c.e.o. elon musk tweeted last month that he wanted to take tesla private and had funding

secured for the deal that caused the stock price to jump but musk then backed off talk of going private normally taking a huge company private would be explained in detail before hand to regulators the carmaker is also facing an investigation by the securities and exchange commission and lawsuits from investors tesla's value has fallen by almost a third since musk's initial tweets. and as the countdown to britain's exit from the e.u. continues more and more sectors in and out of europe are preparing for a worst case no deal departure and that includes and histories that probably don't immediately come to mind take ireland for example which is considered an equestrian country horses and everything around them is a billion euro business there but eighty percent of irish thoroughbreds are sold in the u.k. now the industry fears much of their business could be harmed by tariffs. 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. horse racing 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 brics it could slow the industry from a gallop to a canter the worst case scenario is that barriers are put up 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 are 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 would find running on the race meeting in england are actually are each bred or a bloodline so the import and export between art and great britain is absolutely vital to the huge industry that it is and are the. 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 spare us 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 and naturally breeders will decide not to travel and will decide to use the stallions at home. every year brit spend two hundred fifty million euros on 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. it's hard to imagine bangkok the thai capital without street vendors but the local authorities want to tidy up the street and are now shifting away street vendors to less attractive locations the vendors claim their livelihoods are being threatened well some say the plan could strip the city of its charm. life has become harder for digital and its business has been struggling since bangkok city authorities banned street vendors from parts of the city areas that are high traffic and frequented by tourists now he only makes around fifteen dollars a day. off the way my. half of the income is gone up

with it why don't the authorities manage the areas like they did before that one of course they should make sure that the streets aren't messy but they shouldn't effect this. might happen but it like. bandits authorities want to clean up the city they have moved more than twenty thousand street vendors from several occasions since twenty sixteen and they have identified more locations where vendors will be evicted but their plans to. do more than just disrupt the livelihood of the city's street vendors critics say they are redefining bangkok's landscape yes i agree that you need good management but then no i don't agree because i would like to keep bangkok as it is you know a veil of all the exotic good for them for the public so i didn't see some middle ground i think god how to manage dogma straight forward playing out everything.

that's all and other street vendors want a plan that will allow them to stay and maintain their livelihoods. that's all for business thanks for watching i'll see you next time character by.

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