mexico hits back as it faces the prospect of f.t. u.s. import tariffs as early as next week mexican officials tell their counterparts in washington that president trump's plan is destined to backfire also coming up more turbulence as boeing reveals that some of its 737 aircraft may have faulty wing parts and why has one small german town become synonymous with white asparagus. welcome for the program. mexico has launched a counter offensive against the threat of u.s. terror top government officials say further levies would not only hurt the economies of both countries but could also cause a quarter 1000000 more central americans to migrate north only last week u.s. president double trouble used his favorite economic tool to push his political agenda there's barely

a week left to solve the latest conflict washington is getting ready to impose 5 percent punitive tariffs on all mexican imports as of the 10th of june that could rise to as much as 25 percent later this year if mexico makes no progress in reducing the flow of migrants cars and vehicle components account for much of the u.s. imports from mexico visiting mexico's embassy in washington the country's foreign minister appealed to president donald trump to rethink his decision. so having tariffs along with the decision to cancel the aid programs to the northern central american countries could have a counterproductive effect and would not reduce the migration flows. tariffs could cause financial and economic instability which could reduce mexico's capacity to address migration flows through them we could have thought if u.s. business organizations won the new tariffs could easily hit the domestic economy as

people have to pay more to buy mexican products our 1st goal is to persuade the administration that this is the wrong approach that it goes against his top legislative priority and ours us in ca that the negative impact it will have on the economy won't solve the problem at the border and to kind of get off tariffs and on to other solutions here is own of east institute for supply management says that for many u.s. companies the dispute with mexico is much harder to deal with than the one with china. more on the story let's bring in our financial correspondent scored in new york against terrorists against mexico are to take effect a week from today and looking at the way donald trump has been handling these sort of things there are very likely to be implemented these tariffs would you agree. well i mean the police the lot of 5th column is actually old so some members of the government are warning the u.s. president about the consequences also for a u.s.

some industries if those tariffs would be imposed let's put it this way at least we can rule it out that those terrorists might start june 10th how likely that is really very difficult to judge at this point no terrorists are on investors' minds but there's also been falling takes shares today dragging down financial markets what's the story there. you know that's actually the big story at the beginning of the new month there have been reports that the federal trade commission is looking closer into the doings of facebook and we also got word that the justice department might start probes to just probe against companies like amazon or google or even apple and especially those the tech shares really got his heart at the beginning of the new week and month yes thank you for the moment will come back to

you shortly. boeing has admitted that faulty parts may have been installed on some of its $737.00 airliners the company has been under pressure since $2737.00 max planes crashed within months of each other killing almost 350 people the model has been grounded worldwide since march boeing's admission has post as has pushed azerbaijan's state airline into postponing an order of 10 of the jets citing safety concerns. from cash cow to $1000000000.00 liability boeing 737 models are back in the headlines and once again it's for the wrong reasons after the grounding of the maxxis the news that the current model the 737 next generation could have defective parts boeing says up to $148.00 parts could be faulty including wing components which enable the plane to fly the federal aviation administration is giving the company 10 days to replace the suspicious parts well boeing says the risk of a crash hasn't risen the latest revelation has dealt

a further blow to its reputation. one boeing 737 max has a list price of $100000000.00 boeing has $4636.00 outstanding orders for the aircraft so the company could stand to lose over 4600000000 dollars in orders the 1st airlines have already bailed on boeing on monday azerbaijan airlines postponed their order worth $1000000000.00 with an increasing number of customers losing confidence in boeing the giant is likely to face even more turbulent times as quarter back to you in new york another bad news day for boeing how have investors been taking it. well it was a slight loss for the stock of boeing about boeing now since early march when boeing reached its recent high the stock has lost about 22 percent in value in

just this latest revelation just increases the cost pressure on a boeing and also the question remain so when the 737 max age plane so will finally take off again so it just adds to the overall uncertainty and even if losses have been limited to the stock market on monday as i mentioned since march we're down more was the stock price by more than 20 percent and scored in new york thank you and now to some of the other global business stories making the news and us paul of economic forecasters with the chance of a recession by the end of 2020 and 60 percent almost double the forecast 3 months respondents said that they cut growth forecasts as donald trump does battle with major trading partners over tariffs kenya central bank is introducing new bank notes in an effort to combat counterfeiting and money laundering the gov of kenya

saying the central bank patrick. said the new chilling note will be the 1st to be phased out at the beginning of october the norms also contain braille characters in may both fox wagon and b.m.w. sold more vehicles in the united states than the earlier for b.w. since searched by 14 percent b.m.w. sales rolls by a modest 1.7 percent it is why gold season in germany why disparages reigns supreme on dinner plates across the country from april to late july 1 small town outside the capital has gone all out to claim it as its own d w skate for it is and was there in search of the roots of the much beloved. this is. a town of 12000 people known for one thing and one thing only. asparagus the people

here love the vegetables so much they've dedicated a whole festival to us as a foster he just parrots nearly every day without as many are put on a few kilos but that's just how it is when you're the mayor of an agricultural town it's best tenderly with hollandaise sauce and served for the pork or veal steak and potatoes there are endless variations of asparagus whether a starter dessert or in a salad it's just a simply wonderful vegetable. and fucking yard of good music each year the town kranz a local woman asparagus queen. is muslim to see 1st and foremost you're a representative you represent asparagus there's a bit of marketing involved feel the face of it there are a lot of photos but you're also a source of information a lot of people don't really know much about asparagus it's about being able to share your knowledge with them. so how did

a small town's economic and cultural life come to be defined by asparagus. it all began with this carla fleetly vilhelm head man back in 861 he planted the 1st asparagus seeds in. the loose sandy earth of the region proved ideal for the crop in the following decades billets became known as the sparkle of the asparagus town. but the good times weren't to last during world war 2 production plummeted then after a brief in a sense growth was once again curbed this time because of collectivize ation in communist ruled east germany. after the country's reunification the asparagus tradition was revived and production what's again skyrocketed. since 2018 the european union has even recognize its asparagus as a protective brand. with the tradition and the quality of this asparagus we want to

protect the brand it was a long journey for the asparagus farmers in the end the e.u. gave us a seal of approval and last year we got the certification we're proud to have a protected label. proof if everyone was needed that in the lives asparagus is something that's worth making a song in the bios. and staying with all that is yummy if you like nutella you might want to stock up a factory that produces around a quarter of the world's supply of the his mother and cocoa spread is under worker blockade they are striking for better pay the factory in northern france usually produces more than $600000.00 per day but since the strike began it's been working at only 20 percent capacity and so far there's little sign either side is willing to give it. of course you could just have.

that wraps up our show on chris thanks for watching.

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