league all-stars saw it but the portuguese forward failed to play even one minute the fans lawsuit is seeking compensation for the ticket price as well as almost $850.00 u.s. dollars for each person for mental anguish. tough times on the pitch you're watching news from berlin i'm stephen beardsley's of next business news stick around for that to be back next month. he creates a sex phone operator to work her master's thesis on the potato. to free. not to turn on well it's more words it was from their. truest. strain. i'm not often. well i

guess sometimes i am but i'm standing up english and that. thinks the printer jemma culture you know can't stereotype question but if you think you see from the country that i'm not. prepared for this drama. it's all that. i might show join me to meet the jetman fundie duppy. post. president trump announces a nother round of tariffs against china and it could be the most painful yet for american businesses and consumers getting retail electronics especially hard. also on the show farmers in argentina see opportunity and risk in their countries the landmark trade deal with the e.u. . and guess which european country has so few young people that is now paying them

to stick around and start their careers at home. this is your date of your business report from stephen varies in berlin thanks for joining us president donald trump says the u.s. will add a 4th round of tariffs on chinese goods beginning september 1st as trade talks between the 2 sides continue it would be a 10 percent levy on $300000000000.00 worth of goods and unlike previous rounds it would take a heavy toll on retailers and popular consumer electronics like cell phones and computers. u.s. president donald trump is sarette shooting up the trade war with china and not just a notch still he tweeted on september 1st the u.s. will put an additional tariff of 10 percent on the remaining 300000000000 dollars of goods and products coming from china the u.s. has already slipped tariffs on $250000000000.00 worth of chinese imports from

september 1st the total will be $550000000000.00 so far china has retaliated with duties on $110000000000.00 worth of american goods. president trump also criticized china for not honoring promises to buy more u.s. agricultural products china however insists millions of tons of american soybeans have been shipped to china in the last 2 weeks and many companies have made all kinds of american cotton and pocket the trade war between the world's 2 largest economies has strict on for more than a year and the house now talks and china earlier this week ended without any progress the white house said the negotiations would continue next month in washington but that was before the latest round of tariffs was announced. and let's talk now to our financial correspondent in new york jose luis de haro jose markets

are always sensitive to any announcements on the trade talks between the 2 sides how are they reacting so far. well steve an idea announcement of the new target speed seemed to d.m. certainty of when eve to walk we did us in china will be resolved and precisely target senate there. i want of the main factors that are taking the toll on global growth that so far the u.s. consumers seems to be harmed we will do see 2 asian but by posing duties on every chinese product i will enter the us up there september 1st consumption can end up feeling price pressures these also these also feeds in a way into the narrative of the monetary policy announcement has picked ations the right cuts increased with the investors looking forward to at least 2 more cuts before the year and that's. also increasing place in defending a very delicate and awkward position even. times increase in the next month

read it is interesting that this announcement came a day after the fed announces interest rate cut. businesses on both sides of course knowing that this could be coming it's been in the works for a while does that make them any more ready for when it goes into effect. some more than all those stephen but it would take a loop of the reaction from retail stocks for example on target discoloration ease always wore reason sends a wrong 42 percent of the sold here in the u.s. from china even in company you say can apply for exceptions that trumpet ministration is a playing hardball with some of them. case the i phone maker and all those like h.p. or dell or nintendo are moving their money back to an operations from china to be not moved by these is a lengthy process a tool and at some point the cost of from running a production outside china or directly dealing with the tirades will either take a toll on profit margins and operation or be posited to consumers save who play

a very critical role in the us economy so it seems a died out. we hold these situations everybody loses so far stephen and of course we'll be following this as it develops jose luis the hearo there for us in new york thank you. now american manufacturing activity has slowed for the 4th straight month hitting its lowest level in nearly 3 years that's according to the july survey from the institute for supply management the biggest supply chain industry association in the world economy had expected an uptick in new factory orders once again contracted with exports also down on weak will demand especially hard hit were metals electrical components and transportation sectors the news is a blow for president donald trump who has promised to revive american manufacturing . that's been touted as a win win agreement a massive deal slashing tariffs on products between the e.u. and the miracles or bloc of major south american economies but farmers in

particular are wondering what the deal means for them in argentina some see opportunity while others are concerned take a look. the buenos aires rule exhibition draws in over a 1000000 visitors every year. this year's event comes shortly after the e.u. mercosur free trade deal was agreed and the president of argentina's agricultural society juan jose could be given is thrilled at the prospects the deal opens up he sees it as a chance for all the agricultural and livestock products a country like argentina can offer not only meats and cereals but also products that face strong e.u. competition like olives and cheese. like every agreement it's about ensuring a win win situation where all sides benefit the negotiations went well on all food products maybe we didn't reach all of our goals but in negotiations it's also important to let go in order to win. so the e.u.

won't be opening up its meat production sector as french farmers had feared but it has granted america's super generous cut of its market at a very low tariff 65 kilometers south of the rural exhibition among the vegetable and fruit farmers of a lot of communities farmers here are unsettled about what the e.u. mercosur agreement will mean for them organic farmers are especially worried about pesticide use. the import export business involving products like fertilizers herbicides or other pesticides are definitely made with companies like buyer in mind. the e.u. mercosur pact won't go into effect until all e.u. member parliaments give the go ahead a process that's expected to take at least 2 years. luxury carmaker b.m.w. is net profit fell 29 percent during the 2nd quarter of the year to $1480000000.00 euros and that's due in part to greater spending on technology for electric

vehicles nevertheless the company is sticking to its annual forecast for this year thanks to healthy car sales like other german car makers b.m.w. has struggled to overcome the fallout from the diesel emissions scandal and the shift to new technologies. german industrial giant siemens has reported a 6 percent drop in net profit saying trading conditions are getting harder net profit is down to 1140000000 euros for the last quarter but is despite a significantly weaker environment in key markets the company's confirming its outlook for the year siemens is one of europe's biggest industrial firms makes a range of products from trains to wind turbines. now. though there we are for young people in poland the benefits of moving abroad are often pretty self-evident they're more jobs and they pay better well warsaw has a plan to keep more workers at home and it too is aimed at their pocketbooks. no

more income tax for poles under 26 sounds good ideally a new law will convince young people to look for work at home instead of a process the polish government has. with taxes at 0 percent for these young people they will receive a higher salary into their bank accounts and that makes establishing a family easier and faster of course the important issue is also that we would like to associate the professional careers of young polish people with our country. currently between 2 and 3000000 poles work abroad britain germany and the scandinavian countries particularly popular once established there they usually don't go back. meanwhile at home the polish economy is steadily growing and workers are desperately needed was 0 tax proposal stop the drain 19 year old

journalist polina that would sit. i don't think it would stop me and my peers from leaving it seems to me that we will still want to leave and why because there are better prospects abroad than in poland. budget's works in p.r. he also has his doubts about the new law. that kind of exception is only a small factor it's the whole social political environment here that is the decisive factor for why young people make such decisions why they're going west. for many poles wages abroad are only one reason to leave a sense of adventure is another but who will take their place at home for now more than a 1000000 ukrainians who have come to escape their own economic crisis poland also tries to attract workers from the philippines. and if you have the feeling that mr is making a comeback here's more evidence you're right 40 years after the sony walkman hit

the scene sales of compact cars set tapes at a record high at least in the u.k. some $36000.00 because of sold so far this year there's a surprise hit with younger music lovers looking to get their friends with music looking for something more affordable than vinyl records and it's also newer acts that are boosting sales american singer billy eilish has sold the most cassettes so far this year in the u.k. . and that's it from me in the business team here in berlin you can course find out more about these and other stories online at www dot com slash business i'm stephen there's a place watching. enter

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