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insist upon twenty. or thirty first year at school in the jungle. or first cleaning less. than ten dollars grand a moment arrives joint direct attack on her journey before you go you know we're going to return to the torah and the ring getting returns home. china's second in command urges restraint of the terrorists as the u.s. slaps new taxes on the chinese premier league says the place to deal with trade disputes is the negotiating table. breaks it causes an economic boom no not in britain but in slovakia where the quintessential british jack. production british

factory thousand jobs will be lost. at the latest escalation of the trade war between the world's top two economies the stakes are getting higher after another exchange of tariffs china's second highest official described the state of the world as at the crossroads between globalization and globalization that's quite a claim. chinese premier league has urged governments to defend free trade after the latest round of tit for tat tariff action between washington and beijing gold also promised to improve conditions for foreign companies in china. it is indeed necessary to cooperate fairly and to maintain the principal rules of multi-lateralism and free trade because no matter how much these rules need to improve only what it offers us is inclusive of the it's progress for how many civilizations if there are issues that we should resolve them through negotiation

no unilateral action stands a chance of solving the problems would. see china faces a tough balancing act that has to uphold a multilateralist message decrying washington's protectionism while defending itself against complaints of its own unfair trade practices it's now slap retaliatory duties on sixty billion dollars worth of u.s. products in response to washington's new taxes on two hundred billion dollars worth of chinese goods for his part u.s. president donald trump appears unmoved he spoke at a news briefing alongside the president of poland we are the people back to the world we've been ripped off by china we've been ripped off by excuse me mr president the european union of which you are part of. we've been ripped off by everybody. and i want to protect the american worker the american

farmer the ranchers the companies. and we're not being ripped off for us it's not clear whether the two sides will press on with talks to resolve the dispute meanwhile beijing is running out of u.s. imports to target in contrast the us imports much more from china than the other way around it has more room to expand its tariff to affectively cover chinese imports. earlier i spoke to fidelity international's catherine young in hong kong about how she viewed from unique promise to finally provide true market access to foreign investors we have heard that before but or year we're sort of going from this as you mentioned tit for tat dialogue so the situation still remains very very fluid but we still are under the belief that it won't be the worst case scenario which is the end result in fact we will see a resolution of some kind probably sooner than the markets actually pricing in.

this rather conciliatory tone coming from where we've seen china caving in. i don't think china's caving in at all in fact there was some speculation they were selling u.s. treasuries which could be you could read this is one way of them retaliates ing again the worst case scenario no good for global consumers and i don't think either side really wants to reach that point so it's probably going to be further negotiations a resolution of the mention of it earlier it's probably going to be at the end of the day determined by president xi jinping and president trump. because of the other big news coming out of is this morning is coming from the korean peninsula of course both those. closer economic cooperation how do you see these developments how does that play on the markets. it was very positive we're actually about to embark on a very long holiday in south korea it's not because an american thanksgiving but

again it's the sort of negotiations they will be long the market pretty much factored in in terms of a better relationship between the north and the south and north is still very much aligned with china but all up when you have these political ties or a better stable political environment this bodes well for sentiment and when you say markets like china down around twenty percent from their highs in january again the political stability only adds to some of the fundamental case about why should i invest in asia because ron young from fidelity international thank you very much authorities are not about to let germany's carmakers off the hook this time it's the european commission's unto trust watchdog that's baring its teeth it's launched a formal investigation into alleged collusion by germany's five largest car makers billions of euros in fines could follow if true it would be

a scandal the e.u.'s antitrust authority suspects germany's largest car makers of coalition when allegations first emerged last year timeline full going to look quick to come forward hoping to lower any potential fines investigators searched the company's headquarters for proof now the e.u. commission says that since the one nine hundred ninety s. b.m.w. and its two subsidiaries porsche collaborated illegally in areas including vehicle technology costs suppliers markets and strategy the investigation covers collusion on the tank sizes for the diesel exhaust fluid blue blue lowers nitrogen oxide in diesel vehicle emissions the five car makers suspected of trying to keep the town small to reduce costs. if proven this collusion between circle five may have the ny consumers the possibility to buy less polluting cars despite this technology being available to the manufacturers if proven those carmakers

would also have to pay billions of euros in fines and it's not the only costs they'll face their reputations also clearly at stake now. now the german government had to publicly row back today on their promise to put one million electric cars on german history inspired twenty twenty let's bring in don the cold in a frankfurt darnall is that more embarrassing for german carmakers or for the government . well i guess actually garrett it's a shame for both sides i remember the words of german chancellor angela merkel very well when she was stating yeah by twenty twenty the reality on the german role would be that we see e-commerce everywhere where i've been standing here i guess for the last twenty minutes i have not seen a single e-car going by and that's really the reality in germany also when you talk about the car makers i guess the only car make a world wire that was able to create at least some sort of

a hype about it e-car is a tassler in the united states german car makers like diane lara b.m.w. volkswagen they are simply i guess maybe not even able to build a car that is on the one hand attractive from the price and also when you talk about the range that it can actually drive and charging is still a very big issue for somebody you know like me who lives here in the city in an apartment. simply doesn't work because it's almost impossible to charge it on the roads yes i could park my car during the day maybe here in a parking garage in frankfurt but that would also cost me at least thirty euros per day so simply not attractive for many people and yeah that's one of the biggest issues transfer thank you. european union leaders are meeting in austria today and to brag said will be on top of the agenda britain's imminent exit from the e.u.

is already causing a shadow on british industry now jackie was ruffling down production in its plant near birmingham the company owned by indian conglomerate tata says uncertainty over brags that forced the move to a three day week earlier this year i want breaks it could cost up two thousand jobs in the region at the same time jackie is hiring and ramping up production in slovakia. the city of detroit in slovakia is already profiting from brags that india's tata motors is building a factory here at a cost of one and a half billion euros. has chosen to open a manufacturing plant where traditional british brands like jaguar and land rover will be rolling off the production line. the investment will create around eight thousand new jobs in the area. when the company gets a very good economic boost for our city most people here think the factories

a very positive thing because it will lead to more economic development before anything will show before fear of if you and i with. as new factory is located close to many suppliers the german company impose a for example manufactures door components it's expecting to get business from jaguar and land rover compared to britain and germany it's an extremely competitive location. the moment it's india here at the moment an hour of work costs about a third of what it does in germany in the next ten years it will probably be more like half. slovakia has become a hot spot for the european car industry new manufacturing hubs are opening up and existing facilities are being expanded. car companies operating here will be able to continue to benefit from the freedoms conferred by the membership of the e.u. . the large scale investment has made it difficult for some companies to fund staff

. and recently agreed to raise salaries to encourage its workers to stay. percent rise at the beginning of the year and at the end of the year they'll be a further four point one percent rise. as management is warning that. could prompt them to move more jaguar and land rover production out of the country a move that eastern european countries like slovakia would surely welcome. from me the business team and the studio and i'll have an update for you in the next hour in the meantime facebook and twitter feeds full more stories thank you very much for watching the business.

travel pod and off you go. nicole truly excessive venturous journeys along germany's line i feel like writing about what awaits me on the river the land paved and. talented allentown or along the way i have twenty five kilometers ahead a move done by

a walk all the way the town called. w. . ready for mc business. virtual reality minted reality mixed reality. new technologies offer huge potential. for companies customers and markets. what's already happening today and what's coming tomorrow is our special on made in germany for sixty minutes on g.w. . much of it is going to. join linked to news from africa and the world or link to exceptional stories and discussions from the news of easy to our website debited

com smutty come join us on facebook at g.w. for god. i'm not proud and i will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of his dictatorship. taking the stand global news that matters. made for minds. welcome to a special edition of czech and this week we explore three spectacular locations in a quieter corners of germany. first we check out the mountains and lakes of toads

or land in bavaria. then we take a relax.