up next markets have something to celebrate in the new year a new trade deal between the u.s. and china monica johns has that story that's it though for me for today brian thomas i'll be have a great new year's day. 50 years of religions for peace people from many different things are working together toward a common goal of peaceful resolution of religious conflicts. now all female members of religions for peace from the middle east are demanding a larger. all common ground is empowering women giving them the rule

making them agent of change. the female peacemakers stores january 5th t.w. . january 15th years vats of the day the u.s. and china want to sign their face one deal we get the latest from our correspondent in taipei. meanwhile another trade dispute is brewing between the u.s. and france because of a new digital tax on u.s. tech companies. and japan embraces vertical farming we tell you where and why. i want to get jones on this is detail the of business live from berlin good to have

you with us we have a date for the next chapter in the u.s. china trade route u.s. presidents donald trump said he'll sign a face one trade deal with china on january the 15th trump tweeted that the deal will be signed in a ceremony at the white house with high level chinese representatives the deal was concluded in december but many of its details have been slow to emerge including a signing date trump went on to say he will go to beijing at a later date where phase 2 talks will begin. well earlier i spoke to our time because abundant it's own hand sue and i asked him what china is saying about signing face the phase one deal with the u.s. . well very different from don on charm china has remained tight lipped on the details with only this day media confirming that the deal had been agreed in principle but the text needed to be translated to fred and legally scrapped and we know donald trump has said that he wanted to sign the trade deal with chinese

president xi jinping but until now it's only the top china's negotiator leo her visiting us for the signing that means a lot if the chinese president xi jinping doesn't show up for the signing ceremony because that would mean that china my thing that they made more strategic concessions this time so they would want to keep the profile as low as possible locally and internationally all right to him does this mean that the u.s. has won the trade war. monica it's only the face one deals so it's hard to say who wins or loses the key is the 2nd round negotiation and we know for the 2nd round goes the nation the u.s. will one china to cancel its subsidies for its stay on companies but that they aren't enterprises are the foundations for the chinese communist parties and duration so there was travel way to protect them and for chinese officials they think not only the u.s. wants to make more china's money but to cut china's economic lifeline in the fall

in talks so we would expect the 2nd round go see a shrink to be more difficult who has the upper hand is still too early to say all right well if only the 1st of january so we want to thank you so much for your time . meanwhile there are other trade issues between u.s. president trump and the rest of the world and one targets german car makers last year washington said that importing cars from europe hindered us innovation and threaten national security and that's been transmutation for a lengthy campaign of threats to introduce punitive import tariffs on cars and automotive parts until now the us has only imposed a 2 and a half percent tariff the e.u. levies levies a 10 percent toll on cars coming in from the u.s. a trump is threatening a 25 percent toll unless the playing field is leveled but we years german comic has b.m.w. dima and folks have had manufacturing bases in the u.s. and all 3 german companies produce cars for the world market in stateside plants

and employ around 20000 workers in fact b.m.w.'s plant in a spot in back south carolina is the company's biggest factory as well as the biggest exporter of cars from the u.s. so passing america's big 3 general motors ford and chrysler well another trade issue remains between the u.s. and other e.u. countries as of today italy is introducing a 3 percent tax on large tech companies it follows france which already introduced a digital tax last year prompting the u.s. to threaten paris with a list of punitive terrorist on goods such as french wine and cheese france argues it wants to hold leading tech companies like apple google amazon and facebook to account under current e.u. law or data collection is not classified as a taxable good even though selling data is central to the business models of u.s. tech companies of

a more i'm joined by our correspondent lisa lewis in paris lisa u.s. commerce secretary wilbur ross and france's move to tax digital companies stems from being envious of u.s. companies success is there something to it. well there's that's one way of seeing it really you know france is not really known for being a haven for big large tech companies rather for its literally art and music however the french president over the past a few years he's tried to boost that image though for example supporting start up companies but i don't think this is the main argument for france to push for such a tax if you look back over the past year here in france there have been yellow votes protests every week people here are kind of really angry about the feeling they have that those who earn a lot of money don't pay very much tax whereas those who earn very little have to

foot that tax bill and that's really something that the government wants to show its tackling and this tax is one of one way of doing that now and that is understandable but at the same time. there are problems the united states isn't too happy about this tax how exactly is it working out for france then well it will be very complicated the different companies will have to calculate what part of their revenues for example earned through online sales certain online says and then they would have to foot the bill they would have to pay 3 percent on these revenues also there's a certain certain threshold for only big companies will have to pay and as it looks for now amongst the $30.00 companies there's only one french company that will have to pay that tax and that's exactly why the u.s. is saying that this tax seems to them quite discriminatory actually only that the

french government seems to be targeting u.s. companies and that's why the u.s. wants to retaliate and tax french wine and french cheese so the whole focus is on french products why did france not wait for a court order in a did you why did prejudicial tax. there was an attempt to come up with such a tax on e.u. level but that didn't really work out now france really wants to show president obama car since he came to power you want to show that he's the man who gets things done so he's pushing for this tax they've pushed through in france there is however an international approach to this the o.e.c.d. the organization for economic cooperation and development is working on a tack tax amongst it in its 36 member states and that effort as should show a common results by the end of january now at the beginning the u.s.

was saying yes ok we support that and we are on both vote on board actually for that tax but now they seem to be changing their mind and it's not sure if this coordinated effort will really work out in any case france will maintain its french tax until there is an international tax in place all right certainly interesting months ahead to there lisa lewis there reporting there from paris for us thank you so much and happy new year. turning to other news now and she always says survival is it's a top priority after announcing $2900.00 sales were expected to fall short of forecast because of u.s. sanctions chairman eric schmidt said he always sales revenue for $29000.00 was likely to have risen by 18 percent but to miss a forecast of $125000000000.00 your way has been effectively banned by the u.s. from working with american firms on the grounds that it poses

a national security threat a charge your way denies. turkish airlines says it has received compensation from u.s. airline make a boeing for losses incurred during the grounding of its 77 max aircraft the airline was unable to fly 12737 maxes in its fleet after $349.00 people were killed in 2 separate accidents involving the aircraft the compensation totaling $225000000.00 according to media reports also published damages from boeing's failure to deliver 737 maxes turkish airlines ordered for 29000. tapan is embracing vertical farming techniques to meet its food needs traditional farming is threatened by the aging population and migration from rural areas on now there are hundreds of vertical farms and many are in former industrial areas. in this former factory near kyoto 30000 heads of lettuce are growing under out official light with minimal human intervention the vegetable factory uses the

latest vertical farming techniques 3rd ical farms may sound like science fiction but facilities like this are key to meeting rising food demand in expanding cities . and all they can or they give you called all them other we can produce in large quantities and a stable manner all year round without being affected by climactic temperature changes. which also means comfort for the workers. who gain more japan is a pioneer in vertical farming the spread company produces $11000000.00 heads of lettuce per year machines shift the lettuces around the factory to areas where the light temperature and humidity are ideal for that stage of growth. the process works without soil or pesticide and only a dozen or so humans are employed to collect the latest at the end smart agriculture is essential in japan where the average age of

a farmer is $67.00 there are a few candidates to replace those dying out. kenyan tea prices have dropped by over 30 percent the lowest level in 5 years that's mostly down to over supply and weakening demanding key export markets now experimenting with other varieties in a bid to find new markets. most of the tea produced in kenya looks like this it's called crush tear curl because the long leaves are broken down into tiny grains which are most suited to teabags the product is critical to kenya's economy as a top source of foreign exchange and according to the kenya tea development agency one out of every 10 kenyans depend upon tea for a living. but farmers now produce way more than their key customers like britain demand so they're scrambling to come up with other varieties which are more appealing to tea drinkers in other markets and we all know trying to diversify to

offer the type that sri lanka produces now that both of those. new markets such as you know russia and those other. still these orthodox teas are a big challenge for most kenyan producers who have become world leaders in blackey exports and experts in the crushed hair curl process so far only a handful of companies are making the transition to hold the production in kenya but it allows farmers to produce custom teas with more subtle tasting coloring and that brings higher prices. that's all for business thanks for watching.

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