let's do business it's a roller coaster ride tit for tat tariffs from threat to water american companies to leave china global equities dropping earlier monday beijing allowing the you want to fall but then the u.s. president hinted at another trade war truce stocks bouncing back so. did donald trump's hardline approach drive the chinese back to the negotiating table that's certainly how the u.s. president is framing it on sunday in berets trump said he was sticking to the tariffs even while the other leaders appealed to him and asked him to relent then on monday trump announced that china called with the offer of fresh talks. because i mean there won't be able to give you a very important. what it was 3. things

about and it's why a person. it's going to be great for. the chinese government doesn't seem to share his enthusiasm paging did not immediately confirm that talks are to take place all that emerged was a terse statement will go on you know economic and trade disputes between china and the u.s. should be resolved by a dialogue but the u.s. adding further tariffs on china seriously goes against the consensus reached by the 2 countries leaders at the also g 20 summit and harms the interests of both sites and tramples on the rules of multilevel trade and threatens the security of global supply chains. that doesn't sound like willingness to negotiate and it sounds more like china signaling a firm stance the rhetoric escalated on friday when trump sharply hike tariffs on billions of dollars of chinese imports we tell you for fresh duties from beijing.

reportedly if it could it was based in china for a long time cliff it is it progress that we're seeing at this g. 7 summit which would be quite the opposite to the last one which was a disaster it is progress of sorts but it's the kind of progress i wonder how the financial markets feel about it i think they have whiplash at this stage it's been so much to ing and fro ing. and it's been very breathless and nerve racking so i think it is there an improvement on the last time and he was fairly tramples fairly firm about it being a deal being in the offing but there's been so much back to him fro ing that it's very hard to see but we're definitely stuck in a spiral out way i mean this trade war is escalating. i think it's stephanie escalating and i think there's more of a sense now for a long time was almost like a theoretical exercise but i think now that people are seeing that this is having real affection oh we have things like germany possibly facing a recession we have all these real world issues now that are suddenly making people

realize that the trade war is a global issue and that something needs to happen something needs to be dealt with let's listen in to the o.e.c.d. chief. and had something interesting to say about the effects of the trade war and what the numbers because this is quite interesting let's listen in to what he had to say hopefully we will get a deescalation simply because the escalation has cost the world so much we were forecasting growth of about 4 percent for the world economy by this time and next year a year ago and one year later here we are saying 3.2 percent if at all maybe even lower so basically it's almost it's almost one percent the total cost of the $3.00 tensions so far can be measured very precisely one percent of the world's economy you're talking about a huge number you're talking about you know thousands of hundreds of thousands

maybe millions of jobs in the exports and industries that can survive or not survive so the implications are very serious stay where you are because i want to pick up on that point with our financial man in frankfurt ashutosh pandey one percent is a lot came can we expect the trade war to cost the world a lot more actually tell us. well i don't want to be a scaremonger there but i think it certainly can because if you consider the fact that most of these predictions have been based on a worst case scenario that involves that both sides are going to slap 25 percent tariffs on each other's goods but now as you've seen in years it can even go higher so how high can it go if you also don't know and then there are other side effects to it like a loss in business confidence destruction of value chains and the fact that the there is going to be uncertainty among manufacturers that that also has to be accounted for then perhaps you could see across one percent and but there is

a caveat there of course there would be fiscal and monetary easing by the government that could actually offset some of the impacts it were experiencing whiplashes cliff and put it on stock exchanges what are investors saying i mean are these trade talks back on or not. investors certainly feel and would like to believe that these talks are going to happen are a back on we did see that's why the markets reacted the way it did reacted after the president or made that announcement that china was willing to talk they were all up and they're still in the green but there is also a sense of a loss in confidence in the with both the parties have actually been dealing with this and i trade water and there's a reason why there's an analyst who commented that the best that donald trump can do for the economy to ensure that it is stable. the markets are stable is to keep quiet and keep himself off twitter and some nice advice from ashutosh pandey in

frankfurt clip it back to you trump is putting a lot of positive spin on these g 7 talks is he in a corner. i think is a quarter insofar as we're kind of brownies running out of ammunition you know he's basically at this stage his tariffs on everything and the chinese reaction has been fairly muted i mean obviously it's been angry and it's responded with its own tower of which are a lot smaller so i think it's basically he has to a certain sense put himself into a corner but he's also i think we're getting close to the end game i mean one doesn't like to call it of course because it's been so much to ing and fro ing but they are coming they are running out of options now so clearly some kind of decision will have to go but if they're running out of options does that mean the trade will could be over sit. it could be unless it escalates to another level which is also a possibility but what i would have that would mean a real escalation in your pro ching cold war situation then about point there once

another of those thank you very much. well if you want to see one for yourself you'll have to get in quick the komodo dragon it only exists on 4 islands in indonesia's comodo national pock they've been getting a little too much attention though from tourists lately and authorities are taking extreme measures. they're the world's largest lizards the endangered komodo dragon can grow up to 3 metres long and weigh more than 70 kilos around $10000.00 tourists come to komodo each month just to see the massive creatures but all the attention can sometimes be too much for the dragons that's why indonesia plans to close the national park next year i think it's close to 3 because it's like destroying. is it close to something yes maybe. feel something that doesn't belong to the nature of the great

. many of the people on comodo agreed after all the government's plans include moving some 2000 of them off the island for resettlement for others the park and the dragons are their livelihood. we've been living in harmony with the animals for years we don't want to move also my ancestors graves are here what will happen to them. our livelihoods depend on selling souvenirs so if they close the island how can we earn money. the indonesian island east of bali lives off tourism as well as forming the komodo national park it's a world heritage site. that we want to transform this place but we need planning models for how to manage the forest and how to improve conservation to make the

island attractive for tourists it has to be professional and up to the standards of one of the real wonders of the world. my how. the closure of the komodo park is scheduled to last a year the 5000 komodo dragons can enjoy 12 months of respect from the tourists who can return in 2021 the dragons will be waiting. a little dry goods but not as the most widely consumed fruit in the world a grade after a workout and is said to help low blood pressure and reduce the risk of cancer but now this wonder fruit is faced with an existential crisis. an aggressive fungus has reached latin america the whole industry is on alert. in love was here and near the venezuelan border farmers are uprooting infected banana trees and all trees within a 20 metre radius of the plant the deadly fungus is taking its toll on one of south

america's most important cash crops more specifically it's the most popular variety the cavendish banana which has been affected the most the cavendish is known for its dura billet in shipping but it doesn't stand a chance against the deadly banana from its after the fungus was confirmed in colombia this month it prompted officials there to declare the current state of emergency colombia's minister of agriculture is taking the threat seriously it isn't the all the things that we will continue to work on stopping this disease from spreading to the rest of colombia. for years scientists have known that big banana companies like chiquita and dole would eventually need to find new varieties as the disease spreads around the world financial industry watchers say it's more proof the cavendish bananas days are numbered. and just recapping our top story for you tit for tat tariffs and from straight to order american companies to leave

china has hit global equity markets and stocks dropping only a monday but there's been a turnaround after beijing allow that you want a full and the u.s. president hinted at another trade war truth stocks rising again creating quite a roller coaster ride this monday for you and i think business with you i'll see you again very soon here on the dell but by the down.

thanks to. the film.

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this is the w.'s live from berlin g 7 leaders conclude their summit in france the french and the u.s. presidents held their talks including on contentious french plans to tax tech giants and president trump says that he could soon meet with iran's president rouhani amid tensions over iran's nuclear program will examine what has been achieved also coming up trying to contain the amazon fought forest fires that are causing global alarm to 7 leaders hatching plans to.