beijing calls it terror of tyranny trying to accuse the united states of starting the largest trade war in economic history this after washington snaps and new round of terrorism chinese goods from handbags to rice and with threats to ban diesel vehicles from german city centers we don't see how makers of vans and trucks are increasingly looking towards electric power. i'm christopher kohler welcome to the program market jitters around the globe investors are increasingly bracing for a prolonged terror of war stocks in asia europe and the united states slid on monday washington's latest import duties have kicked in for two hundred billion dollars worth of chinese products beijing a striking back targeting sixty billion dollars of u.s. goods with extra. workers in a chinese factory making flags and banners for donald trump's reelection campaign in twenty twenty if you want an idea of the irony and complexity of the trade

dispute between the world's two biggest economies here it is in a nutshell the dispute has escalated dramatically since this meeting between the american president and his chinese counterpart xi jinping almost a year ago so what's happened since then and what it meant for both economies let's take a look at last year the u.s. imported just over five hundred billion dollars worth of goods from china back in june trump imposed tariffs on fifty billion dollars worth of them as of today further duties of come into effect on another two hundred billion dollars worth of products. on the other side china its imports from the u.s. last year totaled one hundred twenty nine billion dollars only about a quarter of the value of u.s. bound exports in the summer china responded to u.s. tariffs by imposing judy's on some fifty billion dollars worth of u.s. goods and now it's retaliated again by adding duties to

a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn't have much room to move. meanwhile the war of words has also escalated here's what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war. against the united states has been going on for years. here's what's different this administration. determined to win it china for its part accuses the united states of bullying with no sign of a let up in the tit for tat dispute economists say the real losers in this trade battle are likely to be consumers in both cars. trees. now for more let's cross over to new york and our financial correspondent and courtney yes as u.s. china terroristic and markets in europe and asia have posted losses on monday are

investors on wall street asked pessimistic finally the trade tensions also hit the u.s. the market for the first time since u.s. president donald trump announced a new round of terrorists last the week we did trade to the downside was the dow jones industrial average the loss was not dramatic but it was a downturn of almost two hundred points with blue chips there is a lobbying group called terrorists hurt the heartland and this group against more and more popularity hundreds of companies have already joined the cause so to speak a lot of companies varying from the toy sector from the chemical industries some from the car industry some tech companies specially the retailers the fashion industry they're all concerned that prices that costs are going to increase and therefore that will also lead to higher prices for consumers and how big the impact

will be remains to be seen donald trump for reason for now started with tariffs of only ten percent but that could change in the next couple of weeks or months thanks so now you answer all come back to you in a moment. all prices have hit a four year high and the spike comes a day after members of opec the cartel of oil producing nations ruled out increasing output that decision to fire as calls from the united states with fears that the sanctions injury imposed on oil rich iran will put pressure on global supply a barrel of brant crude now costs more than eighty one dollars and some analysts believe the cost could rise to over one hundred dollars as iranian sanctions take hold. now back to you and scored in new york against the u.s. president is pushing for lower oil prices but thanks to the fracking technology the united states has become the world's number two all producer and meaning higher prices would also mean higher revenue right now well and oil prices already have

been on an elevated basis for quite some time and yes that has led to an increase of production when you're comes to fracking as you mention oil prices here in new york also gaining a good two percent on monday and this year it is pretty likely that the u.s. actually will become the biggest. producer on earth just to give you a rough idea of u.s. oil production about doubled in the pasta decades why output from saudi arabia or russia pretty much remained the same and we also saw that oil companies actually traded quite to the upside here on monday it was all those oil stocks and the losses here on wall street would have been even higher yes go to new york thank you . now here in germany a chance at heads of car makers on sunday to discuss additional measures to avoid large scale diesel vehicle bans in german cities these so-called diesel summits

ended in conclusively there will be more talks later this week meanwhile some parts of the autumn and a lot of industry are taking the initiative the buy an all commercial vehicle show in hanover for example is a highly charged. this van could be something out of a science fiction novel the urban addict will be able to master the road without a human driver. trades been run for dusky likes that that's despite the fact that he's looking for something a little bit less futuristic. that's another suki's or just futuristic concepts we obviously need practical models and affordable vehicles right now i think the industry understands there's a huge demand. chinese car makers are here to avoid a rented the maxus e.-v. eighty from psych half a year ago and he's happy with it it's not luxuriously equipped but it has other advantages most importantly fast charging technology. and

effects this vehicle has a range of almost two hundred kilometers it can carry a load of one ton i can load a drawer system in there and it has a huge loading area and all that for a relatively interesting price i'm still waiting for the germans to make something like that. and that. done there is presenting the evasions of its classic sprinter and vito models and void of he could be one of the first customers he's preordered an electric veto for forty three thousand euros but he still has one concern the full battery only has a one hundred kilometer range. a solution would be a standard installation of fast loading technology which would enable drivers to recharge quickly but the main german car makers are dragging their feet could be customers don't need more range. ya as us was out and it's we aim for one hundred

kilometers under all conditions also in winter and with heating and that's according to what customers said is the norm when it comes to their needs they drive sixty to eighty kilometers a day six times a week they can charge at night that should be sufficient like. roy of a ski once to get a real feel and takes the vehicle first banned from the outside the event it was very similar to its diesel engine cousin. already has ten diesel vetoes in his fleet so his workers would hardly have to adjust. to my day. these models were available now i'd be ready to say i don't have to settle for vans from nissan or the chinese ones because i'd also be taking repairs and service in the long term into consideration long as it's nevada from small transporters to heavy trucks with electric engines there's no more time for presenting future prototypes buyers need production ready e.-v. it goes now. advocates of a cleaner and greener fashion industry say

a shift in the way designers do business the pants on demand in other words it's on us to make the sector more sustainable others argue fashion houses are sitting on mountains of cash which could be used to change consumer habits here's what's trending at milan fashion week. the beauty may rule the catwalk but as soon as the lights go out fashions ugly underbelly is plain to see. clothing produced in sweat shops animals tortured for their for fast fashion that ends up in the trash as quickly as it's purchased wasting valuable resources for fashion industry is striving for a better image during milan's fashion week stars like cindy crawford or keep blanchett are presenting the second to green carpet awards honoring sustainable production and business practices in fashion. no one industry can tackle climate change. and the sustainability issues by itself but it's

a very pointy public industry and so that's one of the fashion strace making such a strong state businesses are increasingly attempting to shift to more sustainable production models including in the fashion industry however they still represent a small minority in the corporate world and that's unlikely to change until consumers change their habits. and staying with the industry u.s. fashion company michael kors seems to be pushing further into the high end luxury segment michael kors is reported to close to a deal. or italian fashion house a deal said to be worth over two billion dollars now for years the family owned italian fashion label has been considering listing on the stock market but the sales of the colorful designs by the company's creative director tell oversaw she declined those brands were put on our massage is expected to announce on tuesday for the future holds for the iconic brand michael kors just last year acquired british luxury label jim riches. and that's all the glitz and glamour we have for

you with thanks for watching your back here tomorrow.

we may come over as we watch as i hope you thank you kai we are the seven survivors . want to shape the continent's future. for youngsters has to share their stories their. mission. seventy seven percent of new g.w.s. platform for africa charge. quadriga the international talk shows it's been a tumultuous week in german politics and europe resolve bitter divisions over migration the government it is said stead into the abyss could friendly fire for president trump to defeat one of the strongest military alliances in the streets pano might get some to say on quadriga. margarita on d w.

birth place home tombs of species home a home worth saving. good given those are big changes and must start with small steps but globally do those tell stories of could induce people into innovative projects around the world body to use to counter the good let's use to create images solutions and resources should. the community interactive content to choose the next generation doesn't buy them took such an odd person all channels available to inspire people to take action and more determined to build something new for the next generation the idea was the environment series of global three thousand on t.w. and online.