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tv   Business - News  Deutsche Welle  February 26, 2019 3:45pm-4:00pm CET

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safety feature is. welcome to do business asia i want to get to the end got to have you with us now in the latest twist in u.s. china trade relations today a top u.s. business lobby said a majority of its members were in favor of retaining terrorists on chinese goods the president of the american chamber of commerce in china stressed that forty seven percent of the bodies members expect washington to look out for the interests of u.s. business and the world's second largest economy. despite optimistic statements coming out of the white house about progress toward settling the u.s. chinese trade dispute the american chamber of commerce in china has sounded a note of caution a survey in november and december showed that a significant minority of three hundred fourteen companies expected relations to deteriorate nearly half wanted the u.s. to take a harder official line with beijing. so forty seven percent or
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almost one out of every two responses indicated that they would like the u.s. government to advocate more strongly for a level playing field and that figure is almost twice what it was a year ago so i think that's one indicator you know that our member companies are are both looking to the u.s. government you know for support in that respect and they're also hopeful beep said that at the same time american companies in china are increasingly worried that bilateral relations will deteriorate and they're hedging their bets by delaying investment or moving operations. u.s. president donald trump said on monday that he may soon sign an agreement with chinese president xi jinping to end of the trade dispute insisting negotiators were very very close to a deal. now meanwhile germany's economy minister peter has been meeting with key business leaders from the american chamber of commerce here in germany both sides will. to promote
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a free trade agenda despite the current headwinds from washington and the threat of high a tariffs on german cars and that is why germany is keen to stress its close business ties with the u.s. that's how some facts and figures now some three thousand german companies are linked to the united states with direct investments that's according to germany's bundesbank adds to that another one thousand six hundred to germany companies whose in direct u.s. investments are organized in holding companies together these companies are said to be responsible for six hundred and seventy thousand jobs in the us making germany one of the top three foreign employers there behind the united kingdom and japan so how do those facts and figures go down with the u.s. representatives that scam germany together with its american business partner sway washington stance on free trade my colleagues and i caught up with the president of the american chamber of commerce for export to laurie for more she started by
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asking him about the danger of tariffs on european cars and to the likelihood of retaliatory sanctions on u.s. companies i think you showed last time when there was a response to the steel and many tariffs that they're quite capable of picking out targets that are headquartered are predominantly in areas where the president from across most of the support and i know there's a list being worked on with who's on that list but i would think it would be you know pretty unpleasant if you're one of the companies on that list and obviously you know everyone's trying not to be on the bad list. how are they preparing in particular those companies that may find themselves on that bad list well you know one of the problems is what can you do to prepare for a twenty five percent increase in your prices if someone puts that tariff on it it's very difficult if someone knew in advance ok starting in june first there's a terror of the control. in important things in advance but you don't know that and
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you can't. can't really build an unusual occurrence like that into a business model so right now everyone's just hoping that calmer heads will prevail and that will keep moving forward and showing that we can get to an agreement that's beneficial both for europe and the u.s. so you're you've talked to the hope of course that you also hopes to clinch a trade deal with the u.s. finally before the end of the year what are the chances of that happening. well. we had a trip to the us last year and in the fall the high point was made in with secretary of commerce ross and. the thing he told us which we then reviewed and had confirmed here in europe is that much of the work done in the t.t. if you remember there were various chapters several dozen of them in fact a lot of those were almost completed in the idea would be to go back consider it start picking up individual areas that were in agreement on and signed contracts on those rights of those would not require approval throughout. you know every
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european country those could be signed directly by brussels they will have a mandate to do so hopefully next week and i think when you start showing steps that were moving in the direction that both europe in the us want to go i think that will vary it could very rapidly lead us to get a lot of stuff signed off at the end of the day we know we're not going to have another to tip maybe that was too ambitious last time around but there's a lot of stuff in there that would be very good for the transatlantic relationship and that's what we need to see start getting signed and i don't want to wait for the end of the year we want to see stuff that's ready to be signed and being signed this quickly as possible thank you very much it was sent out a mile out there from you talking to the american the president of the american chamber of commerce here in germany that is the popular ways kilo round up dangerous for humans that is the question a judge in san francisco wants in the first federal trial against the controversial
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wheat eight a man of california says his no hodgkins lymphoma stems from using round up to twenty five he is. the case is being argued in federal court in san francisco and it is only the first off what could be many federal trials the attorney for seventy year old edwin hart i'm on a frequent user of round up in a start and says it's high time for monsanto to pay up. this company needs to get straight and to be honest with the skin of its customers and say listen there is evidence of associate with cancer and yet let people make a choice about whether or not they use a product this case is about failure to work and the simple fact is they haven't worn and they're going to keep being sued until they do that was an initial victory for the german chemical giant that has all monsanto since a sixty six billion dollar takeover last year the judge rejected the plaintiffs allegation that monsanto paid for by a scientific research and excerpted undue influence on government regulators in
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a previous case in state court last year monsanto was ordered to pay seventy eight million dollars restitution to another plaintiffs and billions of dollars. tesla's controversial founder musk is in trouble with the u.s. regulators again accuse him of publishing an authorized tweets violating an agreement he made with them last year musk suggested last week that tesla would make about five hundred thousand cars this year in a court filing before a federal court in new york the f.c.c. says the number is wrong to resign as chairman of tesla and pay a twenty million dollars by to settle another social media infraction must. now u.s. singer jennifer lopez is the latest celebrity to hop on top of the short form video app owned by a chinese internet giant buy to dance within just a few years the app has reached a huge market with more than five hundred million users around the world most of them teenagers will use it to become internet celebrities that was so much fun on
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if you consider issues such as data security. the pictures fly into one another photo push calls it magic the social media personality from hamburg has more than five million followers worldwide on take talk to him the apps a lot of fun comedy radio comedy videos action videos something exciting something so apps like this that just really addictive. it takes no time at all to produce a simple video a few movements a few clicks done more complicated ones can take a few days effects can be added and controlled using gestures and expressions at twenty three point is one of tick tocks older uses his fans a younger. they're very loyal they rarely give any criticism and if they do it's constructive which for young teenagers is commendable. tick-tock used to be known
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as musically a karaoke style its uses make short videos of themselves many just fifteen seconds long around six months ago musically was bought up by chinese company by then the most valuable startup in the world bite down his products are powered by artificial intelligence. has had a close look at the chinese app software on her computer reveals web data collected by the app ends up besides to talk itself is passed on to u.s. companies and the chinese analytics company. but i feel it's not unusual for three four or five other companies to receive data from an app like this that's the case with most apps but that doesn't make it less problematic if for example you download tick-tock you expect to be in a business relationship with tic toc but not with facebook and. it's not possible to see exactly which data is sent over to china and while data
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protection or storage fees are aware that china uses social networks to spy on its own citizens when german data gets in there they're worried. first of all the handling of data by providers doesn't mean european standards despite the fact that previously policies profess that that's the case or third countries handle data differently and government agencies often have access to that data. tick-tock also directs us to its previous policy it says it's undertaken measures to guarantee that uses data is safe but says the same policy the transfer of data occurs at the users own risk. falco point says he's very careful about what he reveals of himself but he's less clear about what happens to his revelers are becoming increasingly dependent on china for their fancy costumes two thirds of con of all goods imported to germany hail from china and twenty eight in
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a lone germany imported con about geo worth more than ninety eight million euros. as your business day business asia of course that is here on g.w. for me and the team thanks for watching.
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