tv Business Deutsche Welle December 4, 2019 7:30am-7:46am CET
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secretly chronicled the power grab actually everything was precisely planted structure. featuring a top supporting role. to the freedom of russia. and featuring a lead role like you've never seen before. polygamy or feather marrow vich do the ends justify the means. to jin's witnesses starts december 13th on t.w. . kind of trade deal with china wait until after the u.s. election president trump is now suggesting just that send markets a not so happy who will bring you the latest also on the program the war in syria is pushing people further into poverty the national currency is a new record low ranking food imports impossible to afford. them taiwan's future
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may be green if they can kick its addiction to coal and nuclear power. and what's welcome to the business attire for continues with no end in sight just a few weeks ago markets were celebrating what looks like an end to the trade conflict between the u.s. and china but trump has changed his tune now the u.s. president is saying is in no rush to get rid of terrorists. quite the opposite in fact now trump wants to impose a whole new raft of them on china markets have been hoping for a different 10 to 2019. peace and joyful tidings while the white house shows videos of u.s. president donald trump's wife melania you know winter wonderland he himself brought tidings of continued and even higher punitive tariffs to the nato summit in london trump put to rest any hopes that
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a trade deal will happen any time soon he said i have no deadline no in some ways i think it's better to wait until after the election with china. choosing saber rattling over a decade ending rally shares in companies like apple a.m.d. and caterpillar which are production based in china continue to lose value markets across the globe have learned to hold their breath and china wasn't the only one on trump's hit list. he's announced he's imposing tariffs on brazilian and argentinian steel and aluminum to towers will be making french luxury goods even more expensive for the holidays. and european aircraft builder air bus won't be spared new tariffs either so china is not alone when it comes to trump's latest christmas present. those who were previously settling down for the holidays are sitting at the edge of their seats again the only piece in joyful tidings this
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christmas season are being hidden somewhere in milan he trumps magic forest. well if you have been more on that i'm joined by andrew a dad or a political advisor and lawyer so the idea of this trade war going on beyond the next election may seem amazing to people who thought we might see if the end of this year before the next election i think that the 2 sort of scenarios that people are looking at war number one could there be some sort of a cease fire and that's i think what. markets were excited about and then. on the other hand would they just continue imposing these successive lists of tariffs which they've done for the last 18 months so that the next wave of tariffs is set for december 15th and that's really what the markets are paying attention to will they get a cease fire to kind of cool off before december 15th or will that december 15th deadline come and we see the next wave of tariffs so the president is presumably
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dropping this idea of it going on into his next election cycle assuming he can use it for his campaign but if he doesn't win the election once it leaves his successor well that's a it's an issue question i you know i've i've been telling clients other folks that this is a little bit like for example to to think of an analogy that the united states moving its embassy in israel to jerusalem it's something that a lot of democrats would say hey i wouldn't have done this i would've started a trade war against china but once you start something like this it's very hard to unwind it's very hard to unscramble that egg so to speak so a lot of that if a democrat were to win in a year. i think we will see a lot more of the same they'll be probably some cooling off some. you know bit by bit restructuring of the of the trade deal but these tariffs are very sticky and they tend to stay in place once they're imposed is fighting a war on 2 fronts there is now not just china but also the you. proving will
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complicate than is expecting as he met his match with those too. interestingly with smaller economies like china or excuse me like canada and mexico trump has had a lot of success by. making some very tough demands and watching those economies make concessions quite quickly so he has a deal with now with canada mexico china and europe are both evenly sized economies to the united states roughly and they are. much more challenging for him so in the case of the e.u. i think it most interestingly is this auto tariffs threat which you know has been going on for years now he's really pulled back and said we're not going to do auto tariffs after all and but then he comes out with this digital tax so there will be a lot of difficulty now with the european union i think one thing to watch is will
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this executive working group which trump and younger established about 18 months ago will that survive the europeans have made it very clear that if there are new tariffs then the executive working group will disband there will be no more progress so they have made some progress in some non-tariff area as areas such as mutual recognition of safety inspections and some other of standards so i think one thing to watch is will the new european commission to the leadership of the lie and say hey this executive working group needs to disband now we we have to go our separate ways we could expect a lot of movement on this then the thanks very much for joining us andrew dan thank you now to some of the other global business stories that are making the news. you know it's an eis hasn't it $5321.00 and kraft with around $6500000000.00 to replace its aging boeing 757 s. the episode a is the latest blow to the american manufacturer already deeply mined in the
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crisis surrounding its 737 macs. a u.s. class action lawsuit claims chinese video sharing up tick tock transferred vast amounts of user data to chinese service the lawsuit accuses the tick tock of collecting the information without user consent saying it could be used to identify profile and track customers and google's founders are stepping down as c.e.o. and president of the parent company alphabet larry page and sergey brin famously set up the search engine in it garridge in california back in 1998 chiefs and china will step up to the c.e.o. of that. german n.t. mobile has launched the 1st the u.s. is 1st nationwide 5 g. network it says it will cover about 2 thirds of the population team says it will often more coverage when its merger with sprint is finalized.
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now the war in syria has not only caused death and displacement is pushed many into poverty the country is heavily reliant on food imports but the currency is getting weaker by the day at the beginning of the week the syrian pound it's a new record low. the cost of war is not only paid in blood here in the syrian city of it lived this restaurant has raised its prices yet again. the inflation is too high may god help the people when it comes to a falafel sandwich the price has gone up because of the high price of the raw materials and that forced us to raise the price of the sandwich. when war broke out in syria 9 years ago $47.00 syrian pounds would buy $1.00 now it takes $920.00 there are many reasons for war in western countries have strengthened their sanctions against syria syrians living abroad are also sending less money home and
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a lot of people have been buying dollars to shield their savings from inflation the effects on daily life are dramatic the sugar was $300.00 pounds per kilogram it became 600 pounds the price went up 100 percent rice was $300.00 then became $800.00 pounds grossed more than 100 percent. and no one expects that to change any time soon threatening the very survival of an increasing number of syrians. to taiwan now wealth ortiz is stepping up efforts to clean up the energy sector c o 2 emissions are high in the country at 10 tons person a year they're significantly higher than the average of 7 tons here in europe a next report takes a look at how efforts to switch to renewables the going down in the country here in taiwan electricity is very cheap but most of us is still generated in coal and gas
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powered plants that despite the fact that the government offer subsidies for solar panels. chan hooping is the co-creator of a green energy crowdfunding platform called sunny finder she was determined to make use of the state's support for solar but there were challenges the most difficult. place flung 0. because no one knows and though i wonder if anyone will ever believe us of. even joining us. i thought of myself and i told them to myself. if you don't actually you will have no answer to and you paying his champion the range of renewable energy projects he or she is talking to residents in a long term care center for a sunny finder helped install solar panels on the roof the center receives
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renewable energy certificates for the green power it produces this is by far the largest. charity project we have cough on date and this part is small so was sponsored by taiwan mobile company and come by in the nation effort with over 30000000 individual environmentalist say taiwan still needs to do a lot of work to improve its share of renewable energy there are plans to set up a number of offshore wind farms. but nuclear energy which accounts for about 15 percent of taiwan's alec tricity remains a contentious issue. the government wants to phase it out though last year a majority of voters said they wanted to keep this in a referendum organized by this manner. we are weak
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because it is printing. the high level waste and are going to. spend for you all story nuclear power plant in a silo paul corner so. it doesn't effect people's living a wrong the nuclear pop right. communities living near the nuclear power plants receive subsidies and officials don't appear to be too concerned about the risk of earthquakes. that's all from a in the business team in berlin if you can check out our website www dot com slash business now a quick check on. today's
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cars. the start of an era that defines overmatched. 1900 the big clue to today's world since december 23rd. and a very warm welcome to news from world culture now this is just one of the art installations on a florida beach heralding the contemporary art. basel in miami beach also coming up in the next quarter of an hour. the architect fana chong creates buildings high up in the mountains more like sculptures. and a giant tracker is marauding through the streets of kauai in france but don't worry
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it's just on the move. is one of the leading contemporary art fairs in the world originating in the swiss city back in 1970 it has expanded so much that it now holds in hong kong for the asian market and in miami to attract of course american by us this year in miami there's more for sale than ever before and also more public installations for all to see like this one at the beach. a traffic jam sinking into a world famous speech miami beach this is one of the public installations at this year's miami are. it's made completely of sand in the 60 cars are already hit with visitors who like to snap selfies with the execution of beautiful. stumbled upon.
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