we don't do the officers' lives as you know. but that's. the talk of the protests. sometimes books more exciting than real lives. to. know. what if there's no escape. german streets. takes it personally with wonderful people and stories that make it so special.

for. them to do. w. plates. a $12.00 punch practically designed to take off donald trump is responded in kind out there china if the u.s. with a fresh round of tariffs on american goods and after the feds jerome powell didn't respond the way trump wanted into. some worries they can't drink away french pensioners are anxious over donald trump's threats to slap levies on their want. a historic free trade deal between the e.u. and the works. block may go up in flames as pressure mounts on brazil over the

wildfires raging in the amazon. this is day w business i'm in berlin welcome now this may surprise you but china's earlier unveiling of a new round of retaliatory tariffs on about 75000000000 dollars worth of u.s. goods triggered an angry response from president donald trump he's an entire tariffs on chinese goods starting in september that's after an earlier tweet storm accusing china of costing the u.s. trillions of dollars he also said u.s. companies were quote here by order to immediately start looking for an alternative to china now just as a reminder the latest round of tariffs from beijing was a response to washington's last move to tax an additional $300000000000.00 worth of chinese goods taking effect on september 1st and december 15th which have now been increased to 15 percent from 10. joins us now from wall street younes says that american companies should look for alternatives

to china apart from shifting manufacturing back to the u.s. what does that even mean. well i mean clearly the u.s. president can force the u.s. corporations to move their business away from china about to have clearly marks an escalation point in the trade relations between china and the u.s. and after the market closed here on wall street u.s. president donald trump announced that he just going to increase tariffs on chinese imports and investors on wall street clearly got to call it on the wrong foot and then specially shortly before the weekend nobody really wanted to have too much risk in the market before the weekend and we saw quite a sell off here on wall street at some point to. dove by about 800 points by the end of the day blue chips were off by a good 600 points and that marks the 4th consecutive week of the losses here on

wall street a fast moving story right before the weekend we can all relate but stick around yes because there's more to get through and to another target of trump's ayer u.s. federal reserve chairman jerome powell has been under pressure from the president to slash the interest rate soon a powell has given little and the occasion of any change to interest rate policy in his speech to the u.s. central banks and all gathering in jackson hole wyoming here he is walking with the outgoing bank of england governor mark carney after delivering his remarks the world's most powerful central banker said the u.s. economy continued to perform well but he didn't know the risks linked to its trade war with china and said monetary policy alone cannot fix all the potential economic fallout from it. and we're back with course to on wall street now again what is wall street expecting now with regard to future rate cuts. jerome paul as expected did not clearly mention that we are going to see another interest rate cut

anytime soon he said that he's going to he and his fellow. members of the federal reserve are going to close the observe the developments and then act accordingly but the bets on wall street are crystal clear investors here see 100 percent chance that we will see another rate cut at the next meeting mid september and chances for another rate cut in october stand more than 70 per cent so wall street is convinced the world see those rate cuts and that actually calmed the market a little bit before we got this tweet storm from a u.s. president donald trump. card to there with us on wall street thank you very much and returning to the topic of tariffs at this time from the u.s. on french wine wine is francis 2nd biggest export the u.s.

is by far its biggest market and last year it important $3600000000.00 worth of the stuff washington has threatened to slough flop huge levies on it a move which would play serious pressure on vintner's across fronts. at the end of the summer trimming the vines of their excess leaves is one of the last tasks winemakers face. after that it's wait for the harvest this year vindu pierre thomas thinks his bordeaux could turn out fairly well. so far the year is gone smoothly and he could only august the wine harvest is in early october so we have a bit of time before we know for sure. 11 you know so i might. less predictable is what will happen to sales especially to the united states after president trump said he would slap a huge import tax on french wines

a threat pierre's brother in law is taking seriously the family has worked the vineyards here for 3 generations and he says every penny counts. i think he was already that's his character. but i hope he is not serious. if he really doubles the customs duties on french wines really i don't know if we will be able to make any money on the wines we exported to the united states. in some time in young some 2400000 pieces of wine are produced every year wine making here goes back to roman times the region was even declared a unesco world heritage site the finest vintages always find a buyer but wine merchant maxine peake says meat market producers will suffer.

or the top the points they might survive it and new markets will come i mean if it's done they're going to us they will go to another place is when you're de best in something you would already have them and so that's i mean my opinion not a big problem for the main production it's going to be a huge issue yes and that means wine makers like pierre and his family for them politics add another layer of uncertainty to a laborious production process a process that is already being threatened by extreme weather that most scientists put down to climate change. and i should leave for hector's of our vines froze this year and it can hail any time before the harvest there are many weather patterns we just can't predict it. pierre and his family are confident the french president will stand up for them i think g. 7 summit whether or not he wins the political battle could affect wine lovers all

around the world the french president. has promised that this year's summit of g 7 leaders and garrett's full focus on the fight against inequality it's a tall order given that the g 7 been talking about this issue for years now with little to show for it at least that's what she 7 critics say. ahead of the summit the organization set out 7 key issues it says the g 7 was act upon. for years oxfam activists have shown up at g 7 summits to protest against social inequality. this time around and berets is no exception. the g 7 countries oxfam says have to get that act together. the protesters demands include increased climate protection more funding for education and health fair tax systems and gender equality. because we need to show that there is a difference between the acts of all the press and prisons here in derry it's the

reality and the there is a lot of speeches very interesting all the warts there but the act and we need to tell them that is time to be a great time to be great time to act against inequalities time to act against poverty. some of these points like the one concerning gender equality came up in talks on friday between among the president of g 7 host country france and you know representatives but several protests calling for an end to empty promises are still slated to take place on the sidelines of the so much. the free trade deal between the e.u. and south american block marcus or took 20 years to negotiate was finalized in june but now it's on shaky ground france and ireland say brazil has were nega on environmental commitments in the deal and they will block it as a result that's amid an international outcry over wildfires raging in the amazon.

the amazon fires may be an environmental disaster but they are being found by the country's crippling recession. populus president gyre bazza narrow is using his country's economic plight as an excuse to allow corporate interests free rein in the wilderness under both the narrow deforestation has accelerated white swathes of the rain forest have been cut down for temper or even worse burns down to make room for cattle for soybeans or to be developed by mining companies there are rich reserves of copper in the area a treasure trove for a populous president many experts say the dire economic situation in much of the country has enabled balsa narrow to implement his agenda. by using we have a country an economic recession and this kind of thing is happening and dizzy the fires under the tree are saying it's illegally done by people invading areas that

shouldn't be ok pyatt. both scenario planned on wednesday that environmental groups are responsible for the fires without evidence when pressed for evidence he said it was simply his feeling the fires are strongly suspect to result from the recent intensification of deforestation in the amazon brazil has seen an 84 percent increase in forest fires this year more than half in the amazon region. that's it for me and the business team here in berlin for more business news and features check out d.w. dot com slash business are follow us on social media i'm john el-gamal and thanks for watching and have have a happy weekend. it's

more journalists discuss lives. coming up on quadriga hong kong protesters want china to respect the rule of law and the city's semi autonomous status but give them the freedom their demands. are coming up on the part. quadriga 60 minutes. to

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