threats are. global markets breathed a sigh of relief after mexico avoids costly u.s. tariffs but washington says it's keeping them in its back pocket just in case. and ready player one we take you to eat 3 of the electronic entertainment expo in was angeles for some of the world's of because gaming companies are in feeling the latest. also on the show who do iceland's dream the ownership outsourcing has caused the made in iceland brand to on bravo. this is the w. business i'm on in berlin welcome to the show and overdid us mexico trade war has

markets cheering terrorist that should have come into force monday were avoided that's after mexico agreed to do more to stem migration from central america to the u.s. but the details of the deal are limited at the white house has warned terrorists might not be off the table forever if things gone differently the goods in these trucks would have been subject to a 5 percent tariff as soon as they crossed into the united states on monday phosphate would have it the deal was struck just in time leaving mexico's government breathing a sigh of relief. in local us to where we are during the months of this government's leadership this has been the toughest moment in the relationship between mexico and the united states military and images those. in a series of tweets u.s. president donald trump attributed the breakthrough to mexico's commitment to crack down on immigration but stressed that tariffs would be reinstated if the country's legislature didn't sign off on the deal and its men women and children like these

whose lives will be affected central americans on the move through mexico in the hope of claiming asylum in the united states the exact details of the deal remain scant but it's thought that mexico could be willing to become a so-called safe country which make it harder for asylum seekers passing through to claim refuge in the u.s. in a phone interview with c.n.n. b.c. trump credited the threat of terrorists for mexico's cooperation on migration charge you but as soon as i put tariffs 2 on the table it was it was done it took 2 days but the deal is not yet done mexican lawmakers still need to sign off on it and show that the number of migrants seeking entry to the u.s. really is going down the potential tire storm hasn't blown over yet. for more joins us now from wall street high and now the save 3rd country agreement appears to be a key sticking point trump just renewed terror threat if washington's conditions

are all fulfilled that was echoed later by secretary of state mike pump ale has that down and enthusiasm there are somewhat. well at this point not really investors on wall street seem to believe that those tariffs can be avoided also for a longer period of time we did see the stock market increase which the s. and p. 500 for if it's concept to day the longest winning streak in about a year and in this time span the s. and p. 500 has been up by about 5 percent there also has been quite some pressure here in the u.s. industry groups especially from the car industry are kind of saying that those tariffs towards mexico would old saw and heard the old economy and business and therefore at this point at least the traders are still quite hopeful that those tariffs can be avoided. but why and thus there's more worried that this would

further embolden the white house to pursue trade wars with other countries as a strategy for political ends there well i mean even if the election is still far away we are talking november trended 20 but they're complaining to a certain degree has already started 2 key points of 4th donald trump pains our jobs some of whom he claims have been actually gone to china and to mexico and the other hot topic is immigration and so if you take those 2 topics it is not that unlikely that we might see more measures if you talk of terrorists against mexico against china or maybe even against the european union this whole matter is probably going to stick with us for at least another year or so at least toward till the next presidential election in november 2020 more terrorist talk to look forward to with against going to there on wall street for us thank you very much.

and speaking of tariffs washington has also turned its attention to french wine blasting the current sale arrangement as unfair at the moment the u.s. charges a tariff of $0.05 on a bottle of wine from the european union but the e.u. slaps more than double that on a bottle from the united states president says he wants to do something about that the u.s. is the biggest market for european wine makers any measure taken against france would automatically apply to the entire e.u. trading block. and now to some other business stories making news trump has called it the impending merger between united technologies corp and briefly on concerning the deal would create a new aerospace defense giant 2nd only to boeing prompting concern from the white house over competition among other things that u.t.c. produces engines for america's f. 35 fighter raytheon also defense kerrick contractor is known for building the

patriot missile system. canadian prime minister just introduced as the country plans to ban single use plastic as early as 2021 speaking at a nature reserve in quebec he said manufacturers would be held responsible for the entire lifetime of their products it's not clear exactly which items would be involved in the bad conduct canada says it's taken inspiration from the european parliament's proposed ban. more troubles for germany's biggest lender door to bank it has discovered a serious deficit in it and see money laundering and sanctions controls allowing checks and payments to be processed without screening the news comes after deutsche bank shares slid to a new all time low last week which has cut the bank's credit rating to just 2 notches above junk status for. the world's biggest electronic games

convention in los angeles officially kicks off on tuesday but is free preview events have been in full swing since the weekend reeling much awaited next generation consuls games and at least one special guest. the atmosphere was boiling over as fans from around the world came to celebrate the newest and greatest in the world of gaming i this is what they came for. a. microsoft x. box platform impressed visitors with the newest versions of its blockbuster games.

nothing. good. we need to really. know we need to write. and many will help fuel the launch of its next generation console which they've dubbed project scarlet. posting graphics in up to 8 k. resolution and frame rates as high as 120 f.p.s. . but microsoft could hardly steal the entire show. gaming giant that's also presented a myriad of new games including the latest edition of the venerable doom series. with 5 g. cell your networks on the horizon and netflix inspired game services on the way the world of gaming is entering a new age. and now to the heart of a well the debate what determines the origin of a well in spite or the sheep it came from or the human who needed it business

owners and knitters and iceland are locking horns over the answer. iceland sheep are prize for the quality of their wool and fleeces which enables them to withstand harsh arctic conditions. no wonder then that the sweaters and scarves made from their will have become a kind of national trademark beloved by locals and tourists alike. but in recent times the relationship between businesses and local craftspeople has become anything but warm and fuzzy. an issue is this common demarcation had been issued from icelandic bull technically true but with one detail omission the knitting often takes place in china a source of fury for iceland's local artisans. in the carbon footprint

to ship containers of icelandic will to hong kong and have a process there and then sent back halfway across the world off to the. business owners say it's the origin of the wool and not the people who knit it that should count. for 15. polish people. but critics say the labeling is misleading and accuse businesses of pulling the wool over the eyes of environmentally minded customers. german composer lord big van beethoven one snipped off a bit of his hair and gave it to a friend who wanted to pass it on as a gift to his wife one of the virtual. well that lock of hair has ended up at the

southern option house in london and this is going on the block on tuesday it is valued at about $19000.00 but something these experts say what in peace. surprised if it says far more. about so for me and the w. business team here in berlin a thank you very much for watching. the

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