why. grant definitely. or just you know if that's what you present. couples very special but in georgia choose your favorite color. chinese shares look rotten today beijing says it wants swallowed to have fruit as washington raises tariffs again but u.s. officials contradict trump admitting the trade was hurting both sides. allege sabotage attacks on the world's most important oil. warnings to ships in the strait of hormuz that they could be next. and the turkish lira keeps falling against the dollar as faces a rerun of its contested merril vote. had been physical and it's to business

china says it will not yield on matters of principle that's not stopping stocks from resuming their slump you want also down on the trade impasse between the world's top 2 economies the united states has doubled juvies on a raft of chinese exports and while president donald trump gloat he's now got beijing right where he once said his own advisers admit the reality is different. fish textiles and footwear if they're made in china are about to get a lot more expensive for u.s. consumers. that's after the u.s. hike duties on those goods to 25 percent and more terrorists might be coming according to u.s. trade representatives president donald trump took to twitter to share his people that china would foot the bill for the new terrorists saying we would be taking in billions of dollars in terrorists from china. and speaking on us t.v.

one of trump's chief economic advisors was forced to admit that u.s. citizens were going to be splitting the bill with beijing in fact both sides will pay both sides will pay and these things and of course it would then set a tariff on goods coming into the country the chinese aren't no but the chinese will suffer g.d.p. losses and so forth with respect to a diminishing export market and goods that they may need for their own i just feel this but the president says china doesn't that china it pays the terrace they may suffer consequences but it's the u.s. businesses and u.s. consumers who pay correct and yes to some extent yeah i don't disagree with that again both sides both sides will suffer and that is china has said it will retaliate with necessary counter measures but so far it's left observers guessing what that could entails. hyundai's tracking this story for us from the frankfurt stock exchange i should trust this hiking of tires from 10 to 25 percent is

something the u.s. import is going to be able to absorb as well i guess this is going to hit the consumer in the u.s. . yes ben for sure i mean there's no doubt about it the consumers in the u.s. have been shielded from the fight so far because the previous round of that it's have targeted components which are used by manufacturers or businesses by and large have actually shielded consumers from actually giving those 10 percent and taking the brunt of it themselves but now going forward is going to target consumer goods like shoes clothes and fish you just mentioned so it's really going to be tough for consumers is the prices are going to go up the next song that threatens it's all the more consumer goods for example i'll give you an example of the auto industry the auto industry imports 10000000000 worth of pods from the china and it would be difficult for them to keep bearing the brunt of it alone because and then somebody

will have to bear the will have to buy that really 5 percent and who are who will it be the consumers but i still see is this a good chance for european exports say to get in or more business it is difficult to see i mean so far to say see if god the consumers in the u.s. . administration has targeted those goods were china does not enjoy a lot of global market space to save to say now the next round of goods would be do those goods where china actually commands a huge market share and it would be difficult for. anybody else to find any alternative supplier there and having said that i mean i give you an example of the food the footwear and apparel industry now 70 percent of them are sourced from china 45 percent from china as far as their parents are concerned how do you replace that in such a short span of time exactly so the u.s.

export is or importers rather are in quite a tricky position there with china commanding such a huge dominance over so many markets as it was thank you very much for your analysis well china could also high tariffs on american looks the trade war has already hit the sector hurting fishermen in the northeast of the u.s. benefiting their competitors in canada. a lot still but returns to the harbor at kennebunkport maine this time of year should see the local lobster industry clawing in profits instead businesses here are feeling the pinch my business is down 60 percent and that 60 percent is basically made up 100 percent of chinese exports that we do the chinese are very busy in the winter time in january and february is chinese new year so it had become our peak season over the course of the past 7 or 8 years beijing slapped a 25 percent retaliate tree tariff on us lobsters last year chinese customs

officials have added to the woes of mind lobster companies by weaving a tangled net of fresh bureaucracy aimed at stopping us lobsters locals say there's no market where they could make up for the lost sales volumes meanwhile canadian competitors are filling the gap in the chinese market with lobsters caught in the same waters which cost the customer 25 percent less the crisis is forcing us lobster exporters to cut prices in order to compete so the price is definitely a bit lower this year than it was last year like last year with a pound this time of the $575.25 lb that. means lost jobs in fishing the lobsters processing them for export and the businesses that support or rely on the lobster industry and when this is all over there won't be any quick recovery the market will already be lost. the united arab

emirates has launched an investigation into attacks on oil tankers near its borders saudi arabia says the ships were significantly damaged claiming it was an attempt to undermine the security of global crude supplies. around a 5th of the oil consumed around the globe is transported through the strait of hormuz which has shipping lanes just a few kilometers. wide every day tankers loaded with between 17 and 18000000 barrels of crude make their way through the narrow waterway which is long been the focus of regional tensions oil futures rose on the news of the attacks while stock exchanges in the u.a.e. fell by over 1.5 percent in early trading on monday the attacks reportedly took place in the waters off. a major port and bunkering in the united arab emirates no fatalities have been reported so far and no one has yet claimed responsibility the strait of hormuz has been back in the news lately after the u.s.

reimposed sanctions on iran it hasn't turned threaten to close the key waterway in response. the lira continues to slide turkey central bank says foreign investors are increasingly turning away from turkish equities and government bonds analysts few the an element of is temple's merrill elections as an attempt by the president to recast the results in his party's favor the rule of law reason to question for many years ratchet tie a bad one was viewed as the man behind a booming bosphorus in the 1st quarter of 2017 turkey's economy grew by 5 and a half percent riding a huge wave of state at best months but that was the crest of the wave a downturn that began in the 2nd quarter of that is soon cut economic growth in half it came to a standstill in the 3rd quarter of 2018 with bills jew for all that say debasement and foreign investors began to grow wary of the increasingly autocratic president putting clear under more pressure the turks everything is getting more expensive we

turn to analyst now from the university of applied sciences in konstanz to talk about the economy in turkey and whether or not turkey can stop the lira from falling what are its chances what's the government trying to do. well the turkish economy goes through the severe economic recession since the last year as you showed the economy is fragile and we have seen the fragility last year in august for example deliver a drop by 20 percent within a day so at the core of turkey's problem problems are is political uncertainty and turkey has to. reduce political uncertainty everybody was hoping that after the mayoral election this will start to fade out of this uncertainty but the opposite has happened so the next x. 6 weeks will be very critical for the turkish economy so does mr adam one have what it takes to turn around the corner me or or is he the problem. well to be fair you

know there are internal political steps which create uncertainty but there are also external factors just to give you 2 examples chirk you realize heavily on energy imports and iran has been here a very important partner as a direct neighbor of turkey even so the u.s. imposed sanctions on iran turkey received the baber and turkey was allowed to buy cheaper gas and from iran this has changed since last me president come from made very clear here he is out of the labor program this will put the turkish economy methods to be under pressure another example is the trade war between the us and china but potentially also with europe will affect the turkish exports also because turkey is have been linked with the european multinational enterprise its global economy slows down turkish exports slow down dirt can not change much on that front but on the domestic politics investors need signals for

a reliable plan a bull policy and that is something which is not at that gender at the moment ok so you're talking about big external factors that are a play here not only the iran sanctions but also the u.s. china trade war and europe's influence on turkey as far as business goes but at the same time a little merrill election which seems to be throwing a cad amongst the pigeons. yes i mean the government tried to reassure international investors for example by announcing programs and there were good steps announced but the steps are not executed in the same way as they are announced one example is the government published a ceiling of public spending unfortunately 2 3rd of this ceiling has been already reached even so the year is not half so the steps forward to government announced do not coincide with the execution uncertainty is increasing i'm very pessimistic i

expect if turkey is not going to give stronger signals and the strongest signal would be for example to cooperate with the i.m.f. given the financial situation of they called to meet that would stabilize the situation reassure investors and put the whole country into a better position ok very pessimistic chin there on the turkish economy from the university of applied sciences in konstanz thank you very much for your analysis thank you very much and nice and business with you.

shifting powers the old order is history the world is real organizing itself and the media's role is keep the topic the focus of a global media forum 29 teams today one out of 2 people is online who are we following the we trust their beijing and shape the future that the coach of the global media for 20 maintains. an action packed life. anything is possible as long as up the cuff he and his friends can dream this movie theater and the top refugee camp. his life story ground to.

27 years ago but there's no holding back his dreams. thank you for cinema the drama starts may 27th on t w the for. the flattening as an attraction even if he never wanted it this way. the 30 year old male elephant lives in chiang mai the northern province of thailand. here tourists can ride elephants and admire their acrobatics yet many animal welfare organizations are convinced that young elephants in captivity are subjected to a whole procedure to make them tame. the management of the elephant camp would rather

not talk about whether ning and his fellow elephants have been tortured in this way . it's early in the morning just after 7 o'clock is restless maybe the bull elephant is waiting for his working day to finally begin but maybe he just wants to break free of the chain which keeps him tethered to his sleeping area every night. for sarah pac chemistry the vet at the camp there is no cause for concern either way. i think with a half a problem with hossa.