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tv   Business  Deutsche Welle  August 2, 2019 4:45pm-5:01pm CEST

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as for tell me i should add a river runs right into villages in india plain text. just going to source of light . as well the place to visit south korea is the 1st country to be dropped from japan's white list of favored trading nations a slow way it's a wide range of goods and with so threatening to do the same make could be or could economically both export driven economy has faced sliding demand from china both key u.s. allies in keeping regional peace. no sooner had the news of fresh japanese trade restrictions reached south korea the protests kicked off again just like here outside the japanese embassy in seoul. we are here to express our deep anger against japan 2nd economic retaliation we have been boycotting japanese products since 2 pounds export curbs were introduced last month. south korean president moon j n describe japan as a selfish nuisance and warned of consequences. of my own equivocally warned that
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the japanese government will be held entirely accountable for what will unfold going forward japan attempts to harm our economy the korean government also has counter-measures with which to respond. to the. earlier in tokyo the japanese government announced that it would cancel south korea from its white list of preferred economic partners this could complicate the import of defense equipment and materials used in the chip industry. that this move was approved to revise japan's export controls appropriately and was not intended to hurt chip pan south korea relations or to craft counter measures. south koreans no longer consider japan a friendly nation one official warned seoul says japan is retaliating against south korean court rulings last year. these ordered japanese companies to compensate korean plaintiffs for their wartime labor during the pan's brutal colonize ation of
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the korean peninsula between 111905. japan points to an erosion of trust since the south korea rulings and claims the export controls are for national security purposes. the streets of seoul for us just how heated is this trade getting. well that's quite scary at just a stone's throw away at the attempt to police an embassy there day protests and this a mess of boycotts against deputies products koreans don't buy them anymore you need go for example the japanese fishing brand debt increase and their profits decreased to about 40 percent just recently korean airlines refused to light switch up and why use it so he did because of the historical conflict it creates over we both aware that japan's is a political retaliation because south korea recently ruled against just these companies to compensate the families of forced labor through the colonial times. as
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so pointed out this is going to hurt both sides is that you're pointing out as well there's south korea's already suffering though and to take a look at their exports i tumbled 8 months in a row. get the economy overall is in a really thick shape the youth unemployment for example is on a 20 year high and the popularity of president clinton industry decreasing if a software income of companies suggested this is really a lesson to diversify their production line and not only content on one country and by that i don't only need to pan because there's also enough of a trade or in the regions namely between china and usa and both countries south korea she has a huge economy and interests with really briefly is there anything they could to fuse this situation and. have politically not that i would go over emphasize i don't think the damage had to stomach close i'm taking south korea off the white list only means that it will be on the same level as taiwan is china were not on
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the bitless on japan and the loss of a decent semiconductor industry as well so there will be more inconveniences but no export bans at all seoul i went over emphasized as the economy you know probably a threat i thank you very much. the u.s. president has drastically up the stakes in the u.s. china trade or twitter but another 10 percent tariff on $300000000000.00 worth of chinese goods are the every single product in order from china will now be taxed decision came as a surprise and calls turbulence for an actual book. is a look at how residents in beijing are reacting to the latest developments. where police are going to where you china will be affected but the impact won't be great . fire that most of the affected businesses are in the export sector i don't have much to do with that. that's why i'm with you this i think this action from trump is an irresponsible acts towards his own country and to china because you know what
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we need is to pursue a path of a more corporate of globalization this kind of action of his serves only to rip up u.s. china relations at the same time it causes further trade friction between both sides what the result is the economies of both sides suffer you want to assure you go all the answers from all the officials. which i think when it comes to negotiations you do indeed need to talk it's not a case of when you finish the talks you go and use other means to get what you want if everyone ignores normal procedures then what's the point of talking about. outsourcing. president of the german institute of global area studies joins us now . the timing of all of this is extremely interesting is trump using this to influence domestic policy in other words rate cuts. that's an interesting question i would say that's probably not his game plan the game plan really is to
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bring about a structural change in the chinese economy to make it trade more with the u.s. maybe abiding little bit by the rules and also there are serious questions of economics so there are bigger issues at stake. i would say it's probably not mainly about the interest rates but is it going about it the right way. not a target not a toilet and so we've already seen that the carrots that have been placed the last set of carrots that have been in place have been quite costly for american producers and this latest transfer is going to be very expensive for american consumers because they are going to hate. consumer goods like laptops like clothing like foot footwear and so forth. additionally the problem is that of course china is not going to take this lying down china has also retaliated and it has threatened further retaliation and then there's
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a 3rd angle to this whole story which just china is making it more difficult for the u.s. to trade with china but it's a lot and it's carrots for other countries and so other countries will be gaining. a just wanted to go back to your 1st point about the u.s. consumer i mean the u.s. economy is looking extremely robust right now i'd like to know when this is going to actually hurt the u.s. economy. i would say i would say that it is already hurting the u.s. economy your source for example in jobs in manufacturing jobs and it's going to hurt it a lot more and it's just that we haven't seen the pain of it transfer yet because the tariffs have gone more age of producers and trump has. alleviated some of the show i can effect of this of buy out subsidies for farmers but it's these subsidies don't come you don't don't fall from the air they are the they come from the
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american taxpayer ultimately so i would expect to see these translate these costs translate into the american economy in general and i would expect to see more of an increasing backlash but this is early lead this round of tariffs because they are going to now hit consumers of a so if they hit consumers if we start seeing more of a hit to be economy itself is that what's going to change trump's view and his and his strategy basically. you know this is a really this is a tough question. if this is the strategy is not working the strategy is really not hurting it's not he's not managing in about a change in chinese in that in chinese that was negotiation behavior in the chinese economy china security policy and so quite a bit he still throwing more money and after the same feelings vanity so at some point one hopes that learning will happen but we're not seeing evidence of this yet
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let's say or even ali thank you very much for your analysis thank you of fingers being pointed at the textile sector again one of the most polluting global industries around this case villages in a part of india say a factory upstream is threatening their livelihoods and lifes. and you know we've been growing melons here for years but for 35 kilometers downriver our land is now barren. these men are angry they say an environmental catastrophe is underway on the other side of this river for decades farmers in the indian state of red just have been struggling to survive on the banks of the bendy river. almost dried up now it's remaining water is blue black it stinks but that's not all. the water causes skin diseases respiratory problems and even cancer 60 families in my village are affected overall 40 of them have cancer the whole region has
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a high incidence of cancer. the nearby town of parley an indian textile industry which 600 die works pollies fabrics are sold worldwide in germany as well dying consumes hundreds of thousands of liters of water a day the waste water here does get treated but apparently not well enough before it flows into the bendy might have a shocker fights for the farmers environmental activists sued the relative state or therapies over the dying and raw just stands highest course he was a farmer himself but had to give up his environmental organization has had the river water tested. the center for science and environment has been looking at the river water for us their lab tests found pollutants like arsenic zinc lead and nickel we've passed this information on to people to the supreme court as well but nothing has improved in the. second lawsuit finally forced the dye
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companies to close for 11 months and modernize their sewage plant management says the pollutants are being removed but the water remains too salty and farmers say it damages their fields when it's released into the river. family owned business collusion has improved its production methods since the german and scandinavian markets in particular began demanding higher ecological standards pollution no longer uses toxic chemicals and built its own wastewater treatment plant but its owners also say europe is equally responsible for india's environmental burden. my string business but your. body.
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clock. 6 banga loose most of wastes in a silicon valley. is minding our revenue growth in recent years has created the most a crisis this is the sustainable solution the be sure of ancient tradition. clik. blame it on double. gemini which. any time any place.
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an early covering with kong d.w. . playing. this is you know we news live from berlin the end of an era the u.s. and russia walk away from a key cold war 3 on nuclear weapons nato cautions. we will not mirror what threshold will show we don't want a new form should each side blames the other for ending the medium range of the.

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