exist. from trade wars to real wars home small businesses struggle to survive the terrible suffering rewards on syria they have an exclusive report from the us. this is business. as well come a trade deal between the u.s. and japan is within reach at least according to u.s. president donald trump in a letter to the u.s. congress released by the white house trump said that he intends to enter into the agreement on tariff barriers and digital trade in the coming weeks the letter does not mention tariffs on cars and parts for a while a major sticking point between the 2 countries. well if there is one thing president trump hates it is a trade deficit and the u.s. has a significant one with japan last year it was $58000000000.00 that was america's 4th largest behind china mexico and germany mostly because of the amount of japanese

cars americans by the president says the new trade deal must address that imbalance as for the japanese well they are very keen to protect their car exports to the u.s. at one point president trump threatened to introduce a 25 percent tariff on japanese cars a key reason for japan joining the trade talks was to avoid that happening tokyo has existed a promise not to high concepts must be in the deal but at what cost to japan that's a question i want to discuss with michael penn he's the chief of the gets a news agency michael welcome how is japan going to pay for for that promise they want from the u.s. . well it looks maybe 6 months ago that it would be very expensive for the japanese because they didn't want to be into in these bilateral trade talks at all in fact they resisted for many months to to get into this by that will trade framework with with the trumpet ministration however

signs seem to suggest that that things have been going japan's way in these in these negotiations more and more particularly because the united states has gotten book bogged down with its trade war with china which is kind of left japan in a somewhat better position of acol what do you reckon who is more important for whom here which side has more leverage well you see that again that's something where 6 months ago you would have said the united states definitely was in the stronger position but no it's united states is weaker both because of what i said about the trade war china but a key point in that is that china targeted u.s. farmers who who the trump administration donald trump in particular is going to need for his reelection effort and so now he's basically focusing more on his own

personal reelection efforts as opposed to the position of the united states as a whole so this means that if japan does things like buy corn from u.s. farmers they may get off much more cheaply than it was expected before my how do you see the chances for for the 2 parties to come to a deal i think are rather high i think that trump statement to congress indicates that they've probably already reached a broad agreement and both sides want it just to say that they've won the battle and then they can move on to things which they would both rather move on to michael ben thank you very much thank you. well the united states and china gearing up to hold talks aimed at resolving their prolonged trade disputes on wednesday this man deputy finance minister. will lead a delegation to washington to pave the way for high level negotiations in october

and upcoming trip has raised hopes that the 2 sides could be ready to come to an agreement the conflict has seen the introduction of hundreds of billions of dollars in tariffs fueled fears of a global recession and it has one company that has overshadowed trade talks so far it's who are way washington has accused the telecommunications giant of spying and has banned american companies from cooperating with it while they didn't know is the allegation is setting its sights on going it alone this week while i will introduce its new smartphone in munich the 1st one without the untoward operating system made by google and a few other missing bits and pieces once upon a time it was a company little known outside of china now while way is widely recognized as the tech giant on the frontlines of a dispute between the world's 2 largest economies consumers may see it primarily as

a smartphone maker it's the 2nd largest in the world after samsung but within the telecommunications sector the company is known primarily for its prowess in 5 g. the next generation of super speedy highly reactive mobile networking. it's 5 g. technology that's raised the company's profile internationally 45 of the world's 50 biggest phone carriers use its network equipment but many countries most notably the united states don't trust walk away accusing us of being controlled by the chinese government and of using its technology for spying back in may this mistrust prompted washington to ban american companies including tech titans like google from operating with the firm the real impact that the u.s. and it's going to have i think will be on the software side. can be a global smart behemoths if it does not have access to the android operating system

not because of the operating system itself but because of the out that are in the operating system no one's going to spend money to buy a premium quality phone if it is doesn't have you know maps you tube google play for the u.s. has also made for a way increasingly determined to become more self-reliant last year it spent 15000000000 dollars on research and development more than both apple and microsoft in august the company released a 5 g.'s smart phone that uses its own chips instead of versions made by qualcomm or intel. now the major advantage that we have is huawei is that we make all the bits that go in there we have our own trips a manufacturer but makes all of the chips that go in each of these components we are not dependent on any other company on any other country to be able to produce all of this for if the equipment we can make it all ourselves we can make it all

ourselves a poignant rallying cry from a company that finds itself in the middle of a trade spot that has seen the world's 2 biggest economies turn ever more towards protectionism. wow is not only trying to go it alone the company has also outlined a strategy that could help its 2 not full file of american foreign policy financial correspondent. standing by in frankfurt and has looked into this issue to some say it's a valid peace offering for wall ways well in the face of it get out it certainly seems as an extraordinary offer who obvious market leading 5 year technology now it's ready to share with other companies and those companies can customize it to their needs and they can even change the software code as see for themselves that if there are any spying equipment within them or not so this is

also this is him essentially at western companies and it's also in a dent perhaps to call the president trying to bluff or if he thinks that there is something some sort of backstop in there why not try it out but it's difficult to say whether it would reassure president trump or not but. there is also a possible business model involved here perhaps it's a way forward for who are they when it's considering licensing it's a know how to other companies but haps it could use it for its how many operating system for mobile phones but there are many questions that need to be unsaid here how much is it going to cause to r.v.'s spend billions on this research and development certainly this will come at a premium then any sort of a package package will come at a premium and will it be providing updates there or not it's just one of where the nokia x. in would be interested in buying this they have been priced out by who was in many occasions so we'll look at cheap alternatives being served by who are there so

there sit clearly many questions remaining. respond i think you are. now to some of the other global business stories making headlines today apple has begun a legal challenge against an order to pay 13000000000 euros in irish back taxes in 26 the european commission ruled that ireland had artificially reduced apple's tax but effectively amounting to illegal status apple is expected to argue it followed us and irish tax law. terry goo the founder of apple supplier foxconn dropped his bid to become target is president taiwan's richest man stepped down from the company earlier this year to concentrate on running for office but he failed to win the nomination for the china friendly opposition. 8 years of civil war have crushed the syrian currency back in 2011 you paid 50 syrian

pounds for one us dollars today the official rate is above $200.00 syrian past 2 a dollar gas money is scarce pushing up prices on the black market crash against major currencies as my doing business in the war torn country face huge challenge surrounded by the scent of his spices mohammed's arco is growing more desperate by the day he knows when he lies down to sleep in the evening that prices will have changed by the time he wakes up. to belittle all in the variation of the exchange rate means that when i want to buy 50 kilograms of this or that product i lose 10 kilograms and i'm only able to buy 40 kilograms for the same price there's no stability so it's smart to wait a bit to buy in but if you wait your store slowly empties out. the syrian pound has also been hammered by the relentless years of war the sanctions in place against the assad regime and civilians transferring money out of the country on mass

throughout the conflict on the black market a dollar now costs around $650.00 syrian pounds 13 times its price 8 years ago. the value of the dollar is increasing all the time prices change every hour so the customer who came yesterday and bought something at such and such a price can come back today and have to pay more for the same thing so everything is growing more expensive including necessities like food many syrians no more dollars hoping to shield themselves if their pound falls even further. and that's it from me. more business stories check out our website. plus there's.

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t.w. enough. a plague. this g w news live from berlin taliban suicide bombers targeted an election rally by the afghan president at least 24 people are killed and dozens more injured the president is reported to be unharmed also coming up the stakes are high in israel as the country holds its 2nd election this year benjamin netanyahu is hoping to same tower despite the threat of corruption charges but he sees a strong challenge from former military chief benny gantz and just one last thing.