the u.s. has yet to wrap up its globally disruptive trade dispute with china now it's turning to ages other major economy the trump administration announcing it will scrap a preferred trade status for india we'll give you the details. also china breaks it trump all or seriously souring the mood of the car industry just in time for one of europe's biggest auto exhibitions we'll bring you the latest from the geneva motor show. i'm stephen beard slim berlin thanks for joining us washington will end its preferred trade status for india and turkey expanding president donald trump's effort to overhaul what he considers bad global trade deals the decision to target india's a surprising one conventional wisdom holds that the u.s. needs good relations with the south asian nation as a balance to china but some exporters there are now there now stand to pay more for

the change going into effect in sixty days it's a move that has observers scratching their heads. one hundred and ninety million dollars in import fees saved on five point six billion dollars in goods the trade concession known as the generalized system of preferences or d.s.p. was meant to help developing countries like india compete in a crowded u.s. market now it's drawn into present trumps anger over u.s. trade deals. i think if it is imposed which i am hopeful it would not be then we would become to that extent uncompetitive indian products will become uncompetitive in a way the move isn't surprising india has kept trade barriers high and that has encouraged foreign businesses to build there and east its weak manufacturing sector trump has long complained of indian tariffs and trade talks between the two countries fell apart last year and then this year india clamp down on e-commerce wills forcing american players like amazon and wal-mart to reconsider plans in the country but

the u.s. move comes at a sensitive time for india national elections are just weeks away the country's mood is further charged amid a shoulder with pakistan and the us would seem to need the asian power even more as its bars with china over trade and security policy turkey too would also be stripped of a concession the u.s. trade office says the country should no longer be considered developing with india another front in the u.s. war in global trade. and for more on this let's talk now with our financial correspondent in new york jose luis de haro jose officials in india and turkey have said that u.s. small businesses and consumers stand to be hit by this decision what do they mean. general steven a day media financial impact is a relatively small since a u.s. companies saved around three hundred thirty five million dollars in goods from india and turkey last year according to some estimates and those goods included

motor vehicle board to building a stone and threw needed cables among all those that said those savings will be gone so somehow they could be put great as an added new tax either on u.s. companies or the usa consumers had but what war reese now is that these decision could affect future for to lower trade barriers and actually fire happens at a time the usa companies have from out of makers manufacturers to retailers keep trying to get more significant to a huge potential market such as india but can not either hide their frustration with some of the difficulties that they experience there like price controls or actually intellectual property policies and after tromso the decision it seems that things are not going to get any easier at least for now. so a lot to be seen there will see where this goes jose luis the heart of their forest in new york thank you so much was a. europe's first big motor show of the year is getting underway car makers have

gathered in geneva to showcase the latest and greatest in their industry well knowledge of the series headwinds it faces from bragg's it to china slowdown and of course the threat of u.s. tariffs and the biggest car makers face another challenge the expensive and often risky transition to electric and driving cars and the reality that they're often lagging behind the more agile startups and software companies all sobering reminders that carmakers might have more to fear than celebrate. the geneva motor show is an opportunity for car makers to toot their horn industry mamet's like folks wagon have been known to rise to the occasion last year v.w. c.e.o. have at least used his appearance to herald in a new era of electric mobility but this time the oh it's i would say. a bricks it wouldn't suit the company but it would be it would hurt ourselves in the event of a no deal bret's it higher tariffs would weigh heavily on car makers with

production in the united kingdom germany's b.m.w. would even have to contemplate moving production of the many abroad. we had at least have to consider now because we cannot absorb ten percent costs on top of that this year no amount of glitz can disguise carmakers concerns over their industry's future whether it's the prospect of a disorderly or of punishing tariffs now more than ever the stakes are high. and of course with briggs that around the corner many car makers are still unsure about the fate of their production lines in the u.k. and we asked our own general jim alone who is in geneva with the big firms are saying. well brags it is just one of many worries but to the carmaker is it of course feels like the most imminent one we're we're just about three weeks away at this point we're not even sure it's not particularly surprising that b.m.w. has chosen at this point to say that they're considering pulling out production of

the mini from the u.k. any contingency plan as a result of an ordeal bright that what take time to trigger investors have to be psychologically prepared affected staff have to be economically prepared and by the way that's four thousand five hundred jobs in the u.k. for b.m.w. and of course that's not alone in considering this toyota also said here at the geneva motor show that it cannot guarantee you k. job so that's another three thousand for your account the fact is if production becomes too expensive or. do complicated the u.k. carmakers will go elsewhere the question really is at which point they'll do what but that's not even something they could point. from can openers to washing machines everything seems to have a beeping digital heart these days including the cars of the geneva motor show designed to make our lives easier it can often make things more frustrating however and that has spawned a trend in the opposite direction simplified robust technology that actually does what it's supposed to do without the complicated menus or software updates very

often these stripped down products are successful in developing economies take for example the a car an electric car made in munich but i aimed at african markets. the munich technical university research project aimed at africa this electric vehicle can go two hundred kilometers between charges carries loads of up to a turn and doesn't need special tools to repair it but certainly demand from europe has surged now a team of almost fifty including fifty students but trying to get it into mass production by twenty twenty. it's hoped a thousand acres a year will be rolling off the production line by then destined for europe short term for africa be a car is part of a general trend towards the science of simplicity with no fragile high tech. in terms of complexity a conventional automobile consists of several thousand. whereas ours only has around six hundred separate. that's a great deal less so there's

a great deal less can go wrong with it. we have two motors simple technology. the passenger compartment just needs hosing down. everything is made of metal there's no plastic. the first prototype for the european market is already running around the company grounds if it breaks down you don't need to screwdriver and span and to repair it. my kind of car washable with those chinese telecom giant chua way is battling for its business in europe with the u.s. pushing allies there to avoid the firm saying it's a trojan horse for beijing while he's now open to cybersecurity lab in brussels in a bid to show more transparency and build europe's fifth generation mobile networks . the security labs launched comes amid lobbying efforts by washington to shun wall way over concerns its equipment could help china carry out digital espionage while

way executives hope the new center will reassure e.u. policymakers about the company's cyber security efforts we believe that both trust and distrust should be based on facts. not faded thanks not speculation not that it's through. and we believe that fact must be verifiable. and verification. must be based on and. the center will wireless companies to review the source code running wild ways network year the industry understands that a combined effort is needed to bolster security flaws there is no silver bullet i'm sorry we can't guarantee you one hundred percent security such things do not exist collaboration is the key and that's why i said it was like this was the way transparency sense that you're. selling gold to help ensure the previously and

security of individuals of networks and actually in future whole industry sector sounds europe is were always biggest market outside of china so the company hopes to play a key role in building the continent's five g. infrastructure but it faces competition from rivals ericsson and nokia. fifth generation technology enables lightning fast download speeds and reduces response times advances that will transform many industries. and that's it for me and the business team going to course find out a lot more about these and other stories on our website dot com slash business and of course we're on facebook and twitter stay tuned for news up next right after this quick check of loeb orcutt's i'm sitting there's a villain thanks for watching.

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