it's wings up for the world's most important aerospace show we'll tell you how rivals boeing and airbus fared during the 1st day of the paris air show. also on the program american firms are objecting over the latest round of import tariffs on chinese goods we'll tell you what they're saying. small traders at the bottom allan border get caught up in mexico's pledge to reduce the flow pirates arriving in the usa. and vietnam's 1st homegrown automobile hits the streets today courtesy of car maker been fast. this is business i'm stephen beers in berlin thanks for watching. it's the world's largest showcase for the aerospace industry this year's paris air show both 2500 companies and expects more than 300000 visitors but there's also a bit of turbulence in the sector from trade wars to the safety concerns plaguing

industry giant boeing. the smell of jet fuel is once again in the air around labor day it's the aerospace industries biggest event both for military and commercial flyers and for air bust the ideal setting to talk about its next project a smaller long haul aircraft built with fuel efficiency in mind the idea making long distance flights profitable at lower capacities we can fly from north eastern asia into south asia sapporo delhi for example we can fly from the middle east down to bali we can fly from japan and deep into a straight across the atlantic deep from europe into deep into north america and vice versa it's a frontal attack on boeing which is also developing a plane in the same segment. buses arch rival is in desperate need of a win its money making $737.00 max remains grounded worldwide after 2 fatal crashes

once focused on production of the highly sought after model boeing is now battling for its reputation we're committed to learning from this and teams working 24 hours 7 days a week to ensure that we're meeting the needs and priorities of our regulators and our customers around the globe. france germany and spain use the air show to launch their next generation fighter jet project an air combat system that incorporates drones and satellites. never has so much political uncertainty surrounding. britain's looming departure from the e.u. could throw a spanner into the works of europe's tightly integrated aerospace sector trade disagreements between the u.s. and europe pose another threat should the aerospace industry be sucked into a tariff battle bus and boeing could both suffer. and let's talk now to our financial correspondent in new york. boeing isn't

a very apologetic mood doing some damage control to solve there and yet the company's shares took off today so what's behind that. yeah there were some upbeat comments from boeing executives saying that overall for the industry in the next 20 years 44000 additional commercial airplanes be needed and that actually even could be a shortage of pilots so a good 800000 new pilots might be needed was in the next 20 years and it was a slightly better than recently address. that got the stock going boeing stock up by more than 2 percent and it was here on monday the biggest winner in the dow jones industrial average. and yes of course i want to ask you about the world famous auction house being purchased by a french israeli billionaire telecoms and media group. and i'll tie c.e.o.

patrick he offered $57.00 a share making the deal worth $3700000000.00 it will cease return to private hands after 31 years a public company traded on the new york stock exchange. which is where yens is so why is it going private well life can be easier if you are not to a publicly traded company and with your quarterly earnings reports you do not have to tell the shareholders every 3 months what to do and if they're happy with your course if you have. the private money it can be easier and be more dynamic to deal with the challenges in the odd world them especially also was the big competitor kristi's so the stock of saw the bees was up by almost 60 percent at this point $7000000000.00 as you mentioned is a premium of about 61 percent to shareholders in support of their forest in new

york thank you. now it's often said that business hates uncertainty exhibit a might be the american firms bracing for yet another round of import tariffs on chinese goods should they really engineer long established supply chains or wait for a resolution to the trade dispute other way they're losing money and many are now asking the trump administration for end to tariffs. for many american companies this is one step too far the prospect of a 25 percent levy on $300000000000.00 worth of chinese consumer goods has prompted the u.s. chamber of commerce to call for him to taunt what words mean is rather than more tariffs than an escalation both sides need to come back to the table they need to get back to the point where we were you know roughly 2 months ago they need to finish this deal and if they finish this deal that will be good for both near term and long term economic growth particularly here in the united states the proposed

additional tire of could make a huge range of products including toys more expensive last week hundreds of companies including retail giant wal-mart wrote to u.s. president donald trump warning that a fresh levy would put jobs on the line and harm the u.s. economic growth and it's not only importers that are worried agricultural exports have already been hit by china's retirement. is certainly causing businesses to relook at their supply chain in their structure but that's obviously easier said than done right in many cases you're talking about long standing complicated supply chains relationships based on quality assurances and things they've been worked out who are significant period of time you can't simply just pick that up and move it to somewhere else many are now hoping that the g 20 summit in japan later this month will offer a platform for a deescalation in tensions between the world's top 2 economies over now to

mexico where pressure from the united states has led to a tighten border with quite a moloch that's affecting not just migration livelihoods to look. a river on mexico's southern border on the other bank lies guatemala members of the national guard are on patrol. every now and then they check someone's papers dinghies constantly pull up and dock until now people have entered the country without any controls. and we have children when we come here to buy goods so we can feed them and said i can survive. and now this issue with the migrants it's really affecting us a lot because as you can imagine if they don't let us buy merchandise to be able to sell and the only source of income left for us here is the river. and many of us can't swim.

the mexicans themselves the czechs make any sense the area the troops have to cover is too big and there are too few soldiers patrolling the district so far. let me guess you. know no immigration control doesn't make any difference here what happened before with big groups coming over that's over now now you see 15 people crossing over here another 20 more over there they cross easily no problemo. on the reasons the migrants want to flee happen changed poverty and violence in central america. china has abandoned its case before the world trade organization to have any dumping levies on its exports dropped the decision means the asian power must accept the duties on its goods imposed by economies like the e.u. and us. rules permit such taxes when state subsidies lower the real production cost of goods beijing has argued for years that it's a market economy and deserving of the duties an official involved in the case says

the chinese pulled out before the w t o could rule against them. and saying in asia milestone for the vietnamese car industry today the 1st customer of local manufacture event fast is getting behind the wheel of the country's 1st homegrown cars a vent fasces hoping to become the 1st holy vietnamese car maker to challenge the international heavyweights take a look. lined up and ready to roll the vin fast padilla is the world's youngest hatchback as the 1st rode off the production line on friday that was excited anticipation about monday's deliveries to customers. the 1st of our cars have been gathered and 32 official branches of in fast across the country in order to hand over to customers on the 17th of june maybe right now. and that moment has come to $17000.00 deal is on the road then fast 6

factories all built in less than 2 years are expected to make a quarter of a 1000000 vehicles during the 1st production phase rising to half a 1000000 a year by 2025. but entry into the market isn't without has it of in fast analysts have warned that quality conscious vietnamese drive is where e about trying a local brand they tend to prefer foreign products for high value items nevertheless vietnam's prime minute. stays confident the brands can put its own stamp on the global automotive industry. each car reflects the philosophy of its manufacturers country. of japanese cars the reliability of the germans the sophistication of the americans the skill of the koreans even fast needs to create the vietnamese identity on its costs. there's still a bit of a wait until we see the vin fast the dawning cars on roads outside of vietnam the

1st exports are expected in 2020. and that's it for me and the business team in berlin. as always it's watching.

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