he's been doing this for 3 decades look on young he looks what's the secret you're watching news up next in business donald trump slams fresh tariffs on steel and elon minium imports from brazil and argentina it's the latest move by the president to protect u.s. industries but it could hurt the already struggling american steel sector will be up next that story and more stick around. i'm scared that. and in the end it's a me you're not allowed to stay here any more we will send you that. are you familiar with this. with the smugglers with clients of the what's your story ready ready ready. i'm working on is

a women especially in victims of violence in. part and send us your story train always understand this new culture. not even a turn off and yet you want to become citizens. in full migrants your platform for reliable information. argentina and brazil become the next target soft traveler of sim posed by donald trump he has announced new duties on steel and aluminum to protect national industry sput could they do more harm than good. also on the show u.s. companies appear more hesitant about making big investments in germany we'll tell you why. and it's cyber monday the 2nd global shopping event after black friday

last week and even the pope is wondering how much consumerism can we still afford. it's time for business on d. w. and how you know i guess it's good to have you with us u.s. president donald trump claims he wants to protect his national steel and aluminum industries by imposing import tariffs again duties are already in place for chinese and european steel and aluminum argentina and brazil were so far accepted but that is about to change as announced by trump 1st as usual on twitter and then later in person. just as he was departing for the nato conference in europe u.s. president donald trump reaffirmed his intention to levy penalty tariffs on steel and aluminum from brazil and argentina that. really. got hurt by that. and i guess the big break

that down that break up good. u.s. farmers are suffering because weaker currencies also make soybeans and maize from latin america much cheaper than their own products on global markets it's unlikely however that brazil and argentina are deliberately devaluing their respective currencies both countries are mired in an economic crisis and that usually drags a country's currency down there both struggling with low growth high unemployment and capital flight brazil's president share your ball scenario has always been a trump admirer he was quick to say he'll be in touch with the white house. must stick to finance minister pollock latest today about aluminum if it's true i'll call trump i have an open channel with him along with. if the u.s. tariffs are imposed it can only add to the economic pressure further devaluing the

2 countries currencies. right for more on the subject we are now joined by d.w. financial correspondent yes caught on wall street hi yes good evening to you now from says as we heard that he's defending his own steel companies but many experts have warned about the effect of such tariffs so has trump strategy benefited the u.s. steel industry. well if you look what happened in the past 2 and a half years since the terror of aluminum aluminum and steel in actually the tariffs have not really worked that well what we saw here in the u.s. for instance that we even saw some oversupply and that put a lot of pressure on steel prices for instance and those got really crashed in the past couple of months and since the tariffs kicked in steel prices actually got cut pretty much in the hof and then also the whole trade conflict that we're seeing around the globe where we saw a slowdown or globally and that actually had put

a damper on demand and even in the steel and aluminum industry recently we even got some layoffs announced. trump is clearly not afraid of tariffs or a trade war for that matter can we expect all this to continue without hurting the u.s. economy. well that might happen but if you look at the plain numbers for the month for september for example the us took a good $7000000000.00 through tariffs that is a new record so in the 12 months per our prior the us got a good $70000000000.00 was tariffs that sounds like a big number but if you look at the u.s. budget in general revenue comes in and involved a sweet and a half trillion dollars if you compare those figures $70000000000.00 in comparison to $23.00 and a half trillion dollars those terrorists really don't work measure that much

and we just got new numbers here on monday on the manufacturing industry for a 4th consecutive months and there was a reading below 50 pointing at a recession at least in that area and that was also a reason why stock markets sold off quite a bit here on the 1st day of the week so overall tariffs have not really done the trick so far is causing new york thank you very much germany often uses the slogan germany works to advertise itself but it seems the country is not really working for u.s. companies that well anymore and you study by financial firm k p m g shows american firms are less willing to make bold investments in europe's largest economy a safe haven for u.s. investment not anymore apparently. germany has always been one of the forced ports of call for u.s. dollars but this new survey from k p n g suggests things are changing quickly for less than a quarter of u.s.

companies plan to invest at least 10000000 euros in germany over the next 3 years that's down from a figure of 47 percent just 2 years ago. the u.s. business sector in germany says this news does not come as a surprise. the signals have been out there for a few years by the way american companies have been talking about the problems with digital infrastructure energy costs bureaucracy and interest in only one of the positives they always mentioned was political stability and now we can't even really talk about that anymore so there certainly is work that needs to be done and there's too much at stake to not take these kind of surveys seriously. it's not all bad news for out of 5 u.s. companies remain positive about their current economic situation in germany but the hurdles to investment from poor digital infrastructure to an overly complicated tax

system will continue to raise questions for an economy already teetering on the brink of recession. and could a dark past be haunting formers events chief executive of the fun piazza apparently that is the case according to case that is being studied in greece and $21.00 other formers events employees were found guilty of bribery and money laundering in connection with greece's former public telecommunications company ot eat they were given jail terms raging between 6 and 15 years investigators say xena's workers paid large bribes to o.t. officials for the lucrative contracts to digitalize greece's telephone network 20 years ago. and 2 energy giants are strengthening their bonds 5 years ago russia and china signed a deal to build a pipeline together a 1st part of the project was inaugurated monday gas will eventually flow from eastern siberia all the way to shanghai and the pipeline at the russian chinese

border is opened the gas is now flowing. the russia china gas pipeline opening was broadcast live on t.v. at the same time the 2 countries' leaders greeted each other via live video conference. doesn't mean that this is a remarkable genuinely historic event. it will not only for the global energy market but above all for us for russia and china. it's a multi 1000000000 euro project construction began 5 years ago when it's complete the pipeline will run to 3000 kilometers in length and carry 10 percent of china's natural gas needs the russian section from the gas wells a convict in scorrier to the chinese border is now complete from here the chinese will take the pipeline all the way to shanghai another opportunity for the 2 sides to reaffirm their friendship. chinese president zeeshan ping said he wished the 2

sides would work harder and build more bilateral projects like the china russia east through pipeline. he said that would boost both countries' development and benefit their peoples as well china is turning to gas in part to deal with their pollution and for russia's gazprom it's a welcome opportunity to reduce its reliance on europe as well as the china pipeline the russian state owned company is working on 2 other major projects north stream 2 connecting russia with germany is almost complete and in january the turkish stream pipeline via the black sea will begin supplying gas to southern europe from the black sea to black friday madness we know now it's cyber monday that's today and expectations are high for yet another record breaking 24 hours of online sales in the u.s. but since digital deals are now spreading all around the globe there are warnings about the excesses of consumerism and even the pope. francis' story in

advent in vatican city in jubilant fashion this year the start of the christian countdown to christmas happened to coincide with the now traditional festive shopping frenzy of black friday weekend and this time both came with a papal plea for restraint. who. did brothers and sisters you consumerism is a virus that affects the faith that it's root because it makes you believe the life depends only on what you have. his holiness has doubtless noticed the speedy spreads of the excesses of black friday across the globe these pictures are from durban in south africa. even cash strapped venezuela is in on the act showing that spending power hasn't completely deserted the country even of its own currency all but has many shoppers have been using u.s. dollars. everybody say do you think there are

a lot of people i mean a loss of people buying. any i haven't seen so many in a very long time. given the economic situation we're in this is the best opportunity we have got them. back in the home of black friday shopping malls in the u.s. may actually have been a little quieter over the weekend than in previous years for the 1st time a majority of americans saying they would rather shop online. and that's why cyber monday is likely to be another record breaker with predicted internet sales of $9400000000.00 news that will please the retailers but probably not the pope. it's all for business thank you for watching see you next hour by.

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what is the game here for deep. cuts to talk about. list coverage. 3 more for. us a we have. let's have a look at some of the of the much surrounding me who still shaking in their boots on the green a sigh of relief so you don't want to miss. this week's t.w. . this is news africa coming up on the program the effects of the climate crisis on africa a psycho who died of a state of possible about week 8 months ago we meet some survivors still living in tents also coming up. so africa's worst drought in the century means farmers are struggling to save their lives.