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tv   Business - News  Deutsche Welle  November 30, 2018 6:15pm-6:30pm CET

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i have only a faint chance advance still to come here on that day w. one of the first things donald trump did when he took office was to rip off enough to free trade agreements i'll be us mexico and canada have signed a replacement of the g twenty and the homefront will go into business updates i'll be back at the top of. the self good day. sometimes books are more exciting than real life. preparing to read. what if there's no speech. a list longer term and most treats. the chief meeting of the g. twenty will be taking place for the first time in the south american country here in one of cyrus argentina
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a country struggling with an economic crisis an increased coverage or a good will the nationalist trade agenda of u.s. president donald trump dominates this encounter and will it undermine the make something good for the summit like infrastructure for development and the future of work and sustainable food today w. news. i think. it's pretty long time coming but the g twenty has seen one zero trade deal inked canada mexico and the us sign a renegotiated version of the nafta trade deal donald trump wants to run. meanwhile a high stakes option time tango between the u.s. and china in one aside as will they be able to hold their escalating trade dispute . bases your business update are going on free in berlin glad you
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could join me the united states mexico and canada have signed a new trade deal after u.s. president donald trump pulled out of the regions free trade agreement the deal calls for seventy five percent of parts used in cars sold in the region to be manufactured in north america it also increases u.s. access to canada's dairy markets and maintains a trade dispute settlement system known as chapter nineteen which trump had hoped to scrap other issues also remain including what to call it the us calls it the us mexico canada deal the others of course put their own country name first. and covering the summit of the g twenty for us is our very own have yet again he joins us now havea trade deal signed between the us canada and mexico they're not really cause for celebration though i understand. no not at all and
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let's not forget that most analysts have concluded that this agreement is not that different to the original nafta despite the few concessions that you just mentioned to us and on top of that we also have to remember that the agreement still has to be approved in the national congresses of the u.s. canada and mexico and by the way mexico elected a new government that is also going to have a new president who will be in power from tomorrow he's not even here at the conference right now and he is not necessarily fund of the u.s. trade policy as he is a leftist candidate who is now going to be the next president of mexico so there still is a little bit of a road ahead for this new agreement even though of course everyone assumes it's going to be approved it's not necessarily a sign that the situation between canada mexico and the u.s. has gotten any better i what other big economic issues are on the table there. well among the many things that are trying to be discussed because let's not forget
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that some of the issues in the geo political context are taking the center stage right now are the oil prices where production is one of the issues that donald trump wants to and some way influence he wants the oil prices to stay low but saudi arabia big producer of course of oil it wants to increase the price with its opec partners along with russia eventually also so that is something on the table that will be discussed here but it's going to be discussed further in the opec meeting that is going to take place next week on thursday and then the other big issue are of course the trade barriers and the trade tariffs that donald trump has imposed especially the tariffs on china that could be increased in january if that in somehow is seen as a pivotal point for the trade in the world it is because china and the u.s. of course are so important for the world economy health. business correspondent how do you get us to talk to you thank you. and as you just heard there with heavier
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the quest for details between the u.s. and china when it comes to that trade dispute is front and center at this g. twenty summit trump stations around of terrorists have hurt beijing for the first time in two years manufacturing data has declined to this month and small business is a feeling the pinch it's not you know when tones shipping talks with potential customers he avoids discussing china's trade issues with the u.s. most of his clients he says just want to buy a luxury vehicle for the best possible price until now about a third of his sales came from american brands but since the introduction of tariffs no one wants to buy them anymore. that will give a total of i don't think it was very wise of trump to start a trade war. either we all lose then china is a huge market and now he's losing that huge market for. cars like this dog dram now cost around six thousand euros more due to
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a ten percent tariff on vehicles imported from the us. like others time shipping has been caught up in the trade war set in motion by u.s. president donald trump and countered by chinese premier g.'s and paying. more than just the movement of goods is at stake it's about influence power and world leadership in the future. john you know june founded a p.r. agency in beijing her husband jeremiah is an american the two have been married for eleven years. little has changed for them since the trade war began the only thing they've noticed is that apples in the supermarket that used to come from the u.s. now come from canada even though it doesn't have it but both are worried about the heated cons like to read between the two countries of course because people talk about another cold world did or after united states seeing something so strong i
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think that must mean something it seems to be kind of a strategic competitor or you know possibly even something more in the world today and i think a lot of americans have a hard time kind of putting that in any kind of you know framework the trade war is affecting china its economy is slowing and beijing hopes its punitive tariffs will have the same effect on export industries in the u.s. the rivalry between the two nations will now set the tone at the g twenty summit. and against the backdrop of international trade disputes g twenty host country argentina finds itself in a deep economic crisis itself inflation that raised around twenty percent in july more argentinians are living below the poverty line. these machines haven't produced anything for years but it's not because they're broken there's just no one left to set them in motion the industry is climb
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a woodturning company was founded over thirty years ago by a german couple in a suburb of buenos aires argentina in good times they had twelve employees but now there's only one. three years ago the company had a downturn but even before that we felt the crisis for example a lot of our kind of work is done in china these days so the services come from outside the country they can produce cheaper and better conditions than we do here it's hard to compete we have taps of all kinds and the currency the argentine peso gets devalued all the time. although the becks of paid into the pension fund for decades their pension is still very low only eight thousand pesos each the family can barely make ends meet. a dozen former employees and their families are suffering from the shutdown of the company. and water garcia he lost his job after
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twenty eight years at the age of fifty five is not likely to be employed anywhere so like many argentinians he now makes ends meet as an uber driver. it wasn't just the last government. this one has been bad for industry to. be in the industry that is where most people had jobs in the past. argentina is experiencing a deep economic crisis and is dependent on outside help like loans from the international monetary fund and the world bank for months thousands of citizens have been protesting against the loans including in the run up to the g twenty summit which is taking place in a south american country for the first time the murray government hopes that the summit will bring new attention to the country. it's an excellent opportunity to hold productive by that all meetings with the various countries and sign agreements
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on what is happening. and it's also a great opportunity for argentina to show that we are honest facilitators to approach positions in a complex global situation. in. august but the g twenty will certainly not be able to solve the crisis for many small companies in argentina like industry yes clamor. public awareness is occurring about the dangers that climate change and plastic pollution pose to all oceans but for those who make their living from the sea the challenge is to work sustainably without neglecting economic potential and involved in kenya fishermen and women doing that by seeing that catch not just as something to eat but to weigh as well. once upon a time this large specimen would have been destined only for your dinner place but
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now the fisherman and women around lake turkana in northern kenya are exploiting the skin as well as the flesh of their catch it's part of an initiative that helps locals to develop new income sources without causing harm to the oceans so far cultivating fish leather is paying off fish it's considered exotic love dates it's like reptile leather and. we have a crocodile. sniggler that which is endangered but fish know that if it's a. once it's been treated the skin can be used to make a range of luxury fashion items from shoes to bags that's presented new opportunities for kenyan designers. i was inspired actually to take the challenge to create garments rooted in fuses.
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together with fish skin and. european materials i wanted to bring out a combination but has never been done before. totally new imagine a new look to how we look at the products are totally new look inspired by a material that's making a splash in kenya fashion scene. that take europe stay with the latest x. their company.
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russia is becoming a hotbed of aids accompanied by a lack of information and stigmatize ation in some cities h.i.v. is spreading rapidly. here in the several roles precious age of the epidemic has been moving to any new faces making a definitive transition from the so-called fall into both groups to the big population h.i.v. in russia. next. board old.
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women have been fighting for the place to be taken seriously in the world of work peers has come out women strong. come they do some good for your movement more towards smart stayed on the edge and bring christian leaders dangerous times her father told me for my my first boss i was a sewing machine. where i come from women are almost by the social level and it is something as simple as learning how to write them by psychos isn't it. since i was a little girl i wanted to have both buys a lot of my home but it took me me as the dentist might have. finally the game bob invented by me and i said that and returns because sewing machine sawing i suppose was more appropriate for goals than writing advice as knowledge i was only. back home. and phone then called dead basic rights my
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name is the amount of the homes and i work as. long as. a low and welcome to focus on europe i'm brian thomas francis been shaken by the biggest protests the new years with hundreds of thousands taking to the streets against a president considered by many to be out of touch with everyday people the demonstrations in paris turned violent with a small hard core among the protesters attacking police officers who responded.

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