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tv   Business  Deutsche Welle  September 3, 2019 1:30am-1:46am CEST

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please. click submit. your link from africa. our link to exception the discussion. of easy town where i would say to debbie to come see me come join us on facebook. for. further escalation in the u.s. china trade war has been followed by both governments doubling down but its consumers will likely pay the price. also on the show bloggers and prospectors are combing through personals brain forums and indigenous villagers stop them and protect their land. this is the w.
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business i'm going on in berlin welcome china has once again filed a complaint with the world trade organization against the united states it's a 3rd following a further escalation in the trade war between the world's top 2 economy the chinese ministry of commerce said in a statement that washington's latest tariff actions violated the trade truce reached by both governments in june on the sidelines of the g 20 summit in the socket. but how did that as collation look like in case are losing track here's a refresher this weekend the united states imposed levies on an additional $112000000000.00 of chinese exports while beijing is countering with tariffs on $75000000000.00 in u.s. goods smart speakers headphones and shoes are among the chinese products to be made more expensive by u.s. terrorist. meanwhile will hit you ask who toil with
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a 5 percent tariff it's the 1st time oil has been targeted in this dispute and this isn't the end of the u.s. plans to raise existing tariffs on 250 $1000000000.00 in chinese exports from currently 25 percent to 30 percent and in december a further 15 percent tariff on chinese cell phones laptops and clothes that will mean that virtually every product made in china will be subject to tariffs in the u.s. now here's what donald trump had to say about those roundup duties. we are going to get generated the meeting is still on as you know the debt there that they advocate we have we would add that we cared about generator which was still very very good we cared. to take $500000000000.00 the gear out of our guard we care through that. our correspondent our correspondent in washington pablo falling joins us now pablo
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this latest round of u.s. tariffs on chinese products is the 1st to directly impact consumer goods how badly will they affect american households. well we're talking about you know more than 2 thirds of consumer goods which american consumers are buying from china and like he said just before we're talking about everything from smart watches to t.v.'s to shoes sporting goods and actually j.p. morgan has said that the average american household could be paying up $2000.00 more per year on those good stock are affected now u.s. companies are saying that they're going to be forced to pass on those price increases to consumers but of course we're talking about a very complicated consumer market because a lot of retailers have been sort of in that essentially competition with online retailers who have this ability to have perhaps a lower prices so there's been
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a battle going on there over who can hold on to you know consumer buying and what they've been trying to do is avoid passing on those price hikes to consumers but it is you know at a point now where it's proving and particularly difficult for particularly smaller retailers who are going to have to you know somehow deal with these increases and you know it's a particularly complicated situation and also there's a lot of fear that later this year when we could see those further trade tariffs cake in that we're talking about anywhere up to 99 percent of consumer goods that americans buy from china being affected so particularly very worrying times here for the for the consumer market. potential for american suppers up ahead there but john pozza insisted that the talks with china this month are happening and continued escalation so is resolution closer or further away what do you think.
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that's like the $1000000.00 question you know and it's a it's very hard to know exactly what direction we're going to go donald trump you know adamant that these talks are going to go ahead now china on the other hand has said that it appears and a lot of analysts are saying that they're playing perhaps the long game that donald trump who is facing reelection next year is you know worried that the economy is being affected let's not forget that in the 2nd quarter of this year you know the economy slowed considerably so i think we've got a long way to go before a resolution is reached between donald trump and china probably. there for us in washington thank you very much. now to solve the other global business stories making news china's top giant wall way is set to present its latest smartphone the main 30 on september 19th in munich here in germany the
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device will come without any google apps that means no you tube or google maps for users that's amid a looming battle restricting the sale of u.s. talk to while away. china's massive belt road initiative is attracting more investment from the west than from beijing that's the finding of a study by germany's beltless mann foundation western countries spent $290000000000.00 on the global infrastructure project between 20132017 that's $5000000000.00 more than china did. argentina's government has restricted currency trading in an attempt to battle it deepening crisis and its state finances companies will now need to get permission from the central bank to buy foreign currency to rating agencies have downgraded the country sovereign debt rating. the amazon is a commodity and engine of economic growth that's according to brazilian president
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gerry paulson r.-o. his words have encouraged longer and prospectors to push it further into the region at the expense of indigenous peoples more and more of them are now organizing to protect their lands and way of life. small group the villagers camped out at night on the lookout for signs of trespassing in the lush rain forest they call home. this is what environmental monitoring looks like in some parts of the amazon. this is one of 7 bases installed across the men pregnant terri indigenous territory in the state of pyrite in northern brazil locals here say a lack of inspection by government agencies is forcing them to conduct their own operations to stop loggers and perspectives from encroaching on their land in the past brazil's president shire both scenario has described rain forest protection as an obstacle to the country's economic development many here fear that such comments
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are emboldening businesses to disregard environmental protection. you can this team discovered this bridge during an inspection that took place a month ago we're monitoring it. it stretches it kilometers along the biological reserve of sarah on the other side of the river fortunately the team found it before the loggers begun to remove the trees i don't. suppose they hate you know that you might be a bit the patrols are taking place as the future of the amazon increasingly becomes the focus of international attention last month footage showing large swathes of the rain forest in flames went around the world brazil's president accused environmentalists obsessing as a light on purpose they in turn say their leader is turning a blind eye towards protecting the environment and the life of the hoods of indigenous people in the movie or has recently opened
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a sea port terminal with some chinese assistance it's hoping it would help it compete with bigger deep sea port players like durban cape town and south in south africa. the new terminal shrouded by the morning's coastal mists it cost over 200000000 euros to complete built by a chinese company financed by loans from the african development bank the new terminal doubles port capacity from 350000 to 750000 containers a year. namibia wants the port to function as a hub for the whole of southern africa a realistic goal given its good road and rail connections to the region. on a visit to namibia german development minister miller also travel to wall. and stick about the ports potential for boosting regional trade he also hopes to deepen ties between germany and namibia. i'm holding mackerel here
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which is in burned for the democratic republic of congo. the others also hake here for export to spain. we're interested in developing export and cooperation. cooperation with our ports in hamburg and braman. about vocational training and obviously using that training to generate more business. at the moment while this pay employs 7000 people. now maybe i want this ports to be a transportation hub for southern africa but while local logistics companies are very optimistic about that there are also some concerns it's been developed by the chinese and there is obviously a big loan attached to the project which has to be paid back by government government has. that party part is through the port so we hope that the port will
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not raise its fees to high obviously and that. port state owned enterprise managing the port we're keeping control of the port that's something the port authority is kevin harry also wants to see. but then we importantly we've been servicing interest on this loan for the past 4 years and we believe that we have a capacity. for what develops to see what should be able to allow us to do that. well this isn't operating anywhere near full capacity yet even though the logistic sector is growing namibia's economy is mired in recession that's also affecting the port meaning the outlook is still not the brightest. eyes are now.
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on the. wall. i'm not laughing at the damage well enough sometimes i am but most end up in where the real german thinks deep into the german culture looking at the stereotype of quechua but in a single scene of the country that i now live. near mute it seems ridiculous drama
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day after you know it's all that good bob look i might show join me for meet the gentleman from b.w. . horst. the quiet melody resounds michael white of the mom. and did some repeat reasoning to women it's. the mind and the music. brain tovan 1st 12019 from september 6th to september 29th. the natural ritter's from precious resources and some. kind of room or investment. farmland has been called the ethiopian scream because. the country has enough funding so. please visit international joining. the government after
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export revenues and the corporations profit margins. but not everyone benefits from the booming business. creation. fundamental destruction of starvation. the selling out of a country they don't fear. starts september 18th on d w. look up. hello and welcome to news from arts and culture and we'll be looking at the local elections here in germany because there are possible repercussions in the arts world also coming up. the without borders film festival neighbor lynn has no red carpet no prizes but lots of worthy and important film.
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and in our series 100 german must reads a young woman witnesses her mother's murder in broken glass. as we've been reporting here on the w. the far right time on a t.v. . party the a.f.d. have made significant gains in the 2 local elections just held in germany this also interests arts and culture because the a.f.p. have been putting pressure on opera houses and theaters and the like to conform to its agenda for instance recently requesting an opera house to list the nationalities of its employees which many see as a chilling parallel with naziism so artistic people nationwide have been worried. new cultural projects at risk now that the far right if they can't ground and will
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be more difficult to express criticism in the future we talk to those who are directly affected people working in the cultural scene in brandenburg and saxony.

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