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avoid. taxes that might come. in to close. your business. welcome to the program mexico. exports to the u.s. . to its northern neighbor the mexican more than 2 percent of the united states and mexico struck a deal on migration a trade war mexico. and also. trafficking in the country more efficient. the production lines continue to roll in mexico and cars continue to make their way into the u.s.

without import tariffs in tow workers are relieved many had feared that shifts would be cut putting their jobs in danger but for now at least that's off the table . u.s. president donald trump sent out a tweet shortly before the ultimatum expired saying mexico had agreed to take strong measures to prevent illegal migration into the u.s. and to better protect the borders of its own country with the newly instated mexican national guard the republican celebrated this as a victory for the president on the sunday politics shows and now they have their sights set on china i think the biggest lesson here probably the biggest message here is now not to mexico but to china that the president is clearly willing to use tariffs and actually the president believes that tariffs are a significant positive economic tool to people in the country agree with that

that's never been my view but it's always been the president's views so he has consistently willing to use something that he has always said was should be part of our. the terrorists would have kicked in on the 10th of june slapping a 5 percent levy on all mexican goods crossing the border into the u.s. and trump threatened to raise them to 25 percent by october now washington is celebrating the deal with mexico as a major victory. the agreement has also come as good news across the border mexico's president is clearly relieved to have avoided this blow to the economy and with him thousands of people turned up to celebrate at a rally in the border town of wana. china's exports unexpectedly grew in may despite high us some analysts suspect the rise is down to chinese companies rushing out shipments to the united states to avoid new term u.s.

president. higher levies on some chinese products on made tens and then threatened to produce on all chinese imports to the u.s. . since china's trade surplus with the u.s. has actually widened rose to more than $26000000000.00 in may that's an increase of 28 percent since. now let's bring in our correspondents from taipei so what does the latest figure tell us how credible is that siri that chinese companies are actually just rushing. while many expect china to experience a larger economic hit and it's true that recent data show size of slow activities in china but the recent figures in the u.s. also show weaker job creation so it seems that the both countries are on equal footing and from make nomic standpoint both sides can gain

a lot if the trade deal can be reached us for the unexpected trade growth was cited shippers cited. ocean carriers are freight forwarder is that there are russian shipments to get ahead of the potential tariff on 300000000000 of us out of u.s. exports from china and analysts also believe that the export growth will remember positive ensure and also likely supported by fund loading of on china as u.s. exports china's trade surplus with the u.s. has widened further remarkably well those numbers make progress less likely when you jinping will be meeting donald trump later this month. well guitar trade surplus number is politically sensitive and the root of the trade war

we know is china has long ready cure the us figure saying that the trade imbalance is only one 3rd of what donald trump clams but no matter what the calculation is the core problem is that whether china is taking advantage of the united states we know compressive and donald trump is still threatening to imposed. chinese goods if meeting with the chinese president xi jinping doesn't go well meanwhile china also vowed to take counter measures if u.s. applied further tariffs and create its own blacklist to punish american companies so if all these that are worse turn into harsh actions we can expect a trade war to end anytime soon so. thank you very much. to stay on the u.s. regulators good side amid the simmering u.s. china trade conflict a number of international tech firms have instructed them ploy used to stop

exchanging technical information with that chinese counterparts from y. way that's according to reports by the reuters news agency it names firms like intel all com l g u plus washington recently blacklisted huawei blocking u.s. companies from doing business with the phone in response china has threatened to limit the export of us to the u.s. or other retaliatory measures. at this point the pressure from washington at least one wall way executive has a clear message for the company's detractors we will survive we caught up with their one that's germany's deputy white chief is what he had to say their moment 10 years our effort on the 5 g. where i don't need him because nations even know that now we face some challenge and actually the area follow its history we have encountered a lot of challenge they karna why is just so one them and it we have the confident

with us so i felt that we will settle the challenge and continuously serve our costs or are well. everyone that. has discovered serious problems and it's anti money laundering and sanctions controls the failings have allowed checks and payments to be processed without screening internal auditors last year alone scores of checks were affected and the bank does not know how many slipped through undetected in the years before the banks were dealing with failing failings in its controls over high value payments that were 1st identified back in 2014 and have still not been solved. and that's not the only piece of bad news germany's biggest lender on friday fitch ratings credit rating to triple b. that's just 2 notches above junk status and represents a heavy reputational blow for the former pride and joy of germany's financial

industry downgrade heaps further pressure on the lender. to a new all time low last week big international tech corporations like facebook google or apple will soon face higher taxes finance ministers from the biggest industrial and emerging economies came to this agreement at the g. 20 meeting in fukuoka in japan until now companies have only had to pay tax where the countries in the countries where they are headquarters which is why they deliberately construct their words in a way that funnels to low tax jurisdictions but that should not come to an end the g 20 hopes to present details of the new regulation by next year. cooperation is still possible it seems despite the trade disputes and ongoing geopolitical tensions even china and the us found common ground at the g 20 finance ministers meeting in fukuoka both countries supports

a reform of the global corporate tax system but the fight over tariffs is still raging although you know we're being jewboy bad news is we still don't know how trade talks between the u.s. and china will end and until a solution is found we fear that confidence in the markets will diminish and that's a problem. the u.s. has also reportedly blocked a joint appeal to settle a trade conflict there was no conclusion on the dispute in the final communique at least there was mutual agreement about the new tax regulations planned for tech giants like google and facebook that will also be a global minimum tax for companies germany's finance minister is feeling optimistic . the market. when you think about all the conversations everything that was said and all the progress that was made you realize what a big movement this was and how quickly it happened and it's no longer risky to say that will very likely reach an agreement by next year he's talked to him because at

the end of june the japanese city of asako will host the g 20 summit for heads of state and government it's not just finance ministers who hope for an end to the u.s. china trade will. the creation of a new aerospace and defense giant is knowing in the us and is bound to shake up the industry united. agreed to a merger of equals seas press and whitney division produces engines full civil military aviation. age of 20 all the f. 35 fighter plane also the fans supplies the u.s. government for the patriot missile system and other aircraft and weapons. is a quick reminder off the top stories we're following for you this morning. ruin made us tariffs. suspect the rise is down on his company's russian shipments to the us

fresh tears. mexico narrowly avoided on its exports to the u.s. agreeing to curb illegal migration to a smaller neighbor all employees national gobs of stock migrants coming. from the other business team here and for small business news stories visit. business and join us on facebook and i'm still leave you with a check on global markets. thank you very much for joining us.

please. enter the conflict zone with tim sebastian faulks have been challenging those in power asking tough questions demanding. as conflicts intensify i'll be meeting with key players on the ground in the sun zones of. cutting through the rhetoric holding the powerful to account for the conflicts. conflict

zone with jim sebastian on t.w. . filleted have to get through the bundesliga break without a football thanks again play well i'm supposed to play least excitement emotion not some claim it swings in 90 lives plough goals ultimate exalts shit on t w leagues play. stevie browers and many are hoping to become professional football players they already play in the youth team. but they hope one day to play in the. dream are they in the wrong team. other teams underestimate

us because life isn't as high up and. even though it's sometimes stressful. once german champions. are now only in the 4th league but the youth teams are 1st class and the coaches are very demanding stevie and have yet to prove themselves but they hope that will be a springboard to a great football career. this is. not quite as flashy as others those of regional rivals. but 1st league standard still. play for the under 14. they train 4 times a week and play matches at the weekend. there's a big game against. in 3 days time when they'll find out if they've made it to the

next level. it's really important because this is when people are selected for the under fifteen's.