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tv   Business  Deutsche Welle  September 3, 2019 5:15am-5:31am CEST

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those and videos. you're watching d.w. news up next d.w. business with jenelle demaio so stay tuned as always you can find the latest headlines around the clock tick d.w. dot com or follow us on twitter i do w. news. good luck. with. my 1st vice a mobile sewing machine. where i come from women are bones by this ocean for something as simple as learning how to write them by side poses and. since i was a living god i wanted to have both eyes i love my home and it took me mr bunn despite his. finally gave up and mentioned by me and i said that and returns because sewing machine sewing i suppose was more apt pro-create for those than writing i'm biased as no i want to meet those woman back home could vote by going
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to team and social norms and inform them of old dead basic rights my name is dave out of the home and a war z. to. get a bit. further escalation in the us china trade war has been followed by both governments doubling down but it's consumers who will likely pay the price. also on the show longer than prospectors are combing through for those rain forests indigenous fijians top looked and protect their land. this is the w. business i'm on in berlin welcome china has once again filed a complaint with the world. trade organization against the united states it's
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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 and the stock. but how did that as collation look like in case you're 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 new u.s. tariffs beijing meanwhile will hit u.s. crude oil with a 5 percent tariff it's the 1st time or oil has been targeted in this dispute and this isn't the end of the u.s. plans to raise existing tariffs on $250000000000.00 in chinese exports from
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currently 25 percent to 30 percent and in december of 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 duties. we are talking to john did that meeting you still long as you know the depth there that as an example we have it we'll see what happens but we can't allow china to do it by still 30 boards because we can't allow it. to take $500000000.00 a year out of our country we can't do that. our correspondent our correspondent in washington pablo folly joins us now pablo this latest round of u.s. tariffs on chinese products is of the 1st to directly impact consumer goods sold
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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 to $1000.00 more per year on those goods that 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 competition with online retailers who have this ability to have perhaps a lower prices so there's been 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
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but it is you know at a point now where it's proving at 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 amid continued escalation so is resolution closer or further away what do you think. 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
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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. 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 said to present its latest smartphone the 30 on september 19th in munich germany the device will come without any google apps that means no you tube or google maps for users that's amid a looming by restricting the sale of u.s. talk to wall way. china is massive belton road initiative is attracting
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more investment from the west than from beijing that's the finding of a study by germany's 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 a deepening crisis in 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 gerry paulson r o his words have encouraged law and prospectors to push a further into the region at the expense of indigenous peoples more and more of
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them are now organizing to protect their lands and way of life. small group 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 power 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 are emboldened and businesses to disregard environmental protection. you feel you can this team discovered this bridge during an inspection that took place
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a month ago we're monitoring it. it stretches 8 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 hunch. suppose they hit you know that you might be at or 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 has recently opened a seaport terminal with some time he's assistance it's hoping that it would help it compete with bigger deep sea port players like durban in cape town and south in
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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. also travel to was. enthusiastic about the ports potential for boosting regional trade he also hopes to deepen ties between germany and namibia. i'm holding mackerel here which is in burned for the democratic republic of congo. and there's also hake here for export to spain. we're interested in developing export and cooperation.
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to killer cooperation with our ports in hamburg and braman. training and obviously using that training to generate more business. at the moment while this pay employees 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 under that party papias through the port so we hope that the port will not raise its fees too high obviously and that. then port state owned enterprise managing the ports keeping control of the port that's something the port
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authorities 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. serious look forward to develops to see what you'd 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. for now.
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we'll germany's car industry survives. mobility is picking up speed. around the world the market but he calls it. but germany has been putting on the brakes. the automotive powerhouse is stuck in the slow lane. running on and to. posts.
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go to. the world has a bit less plastic when tableware is edible. and afghan women refugees have jobs. this is what the drama is doing. it's a project started by students in new delhi. new sort of potential in that idea. for swing votes in. 60 minutes. raising people straight for some little indication of. when there's a flood water comes up to your waist when you close faster everyone but. the lack of water these are equally dangerous. sank you can see people not self so they can
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plant crops and find. floods and droughts will climate change become the main driver of mass migration you can write any going to matter if you want and probably more the better. the climate exodus starts september 5th on d. w. . imagine a country that takes its climate protection goals seriously that became rich on oil get still aims to ban cars that run on fossil fuels in just 6 years time. that country exists. no we gins aren't crazy they have a plan. germans have been building cars for over 100 years do we have a plan to the demise of the combustion engine is near.

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