the smart way to get when you're go. global auto and mobility show every week w. . china and the united states prepared to sign phase one of a deal aimed at ending their months long trade dispute but it was major issues still unresolved we ask what's next for the world's 2 top economies also on the program the trade war has cost huge disruption to companies in both china and the u.s. we take a look at $1.00 u.s. bike maker's bill that. i'm chris colfer welcome to the program.

president trump is set to sign a trade agreement today with china the phase one deal signals a deescalation and a conflict that has pitted the world's 2 most powerful economies against each other for nearly 2 years so far the united states and snapped errors on $5550000000000.00 worth of chinese products china in turn has said levies on $185000000000.00 worth of us goods that amounts to 700 and $35000000000.00 in total so far these tit for tat tariffs remain in force they cover a wide array of goods the us says the 1st part of the new agreement stipulates that beijing will buy an additional $200000000000.00 in american products over a 2 year period includes farm goods in particular now under turn the trumpet ministration has call of you tariffs on chinese made goods like electronics and

cell phones that were set to take effect by the end of last year it is a major milestone but some of the biggest stumbling blocks still lie ahead. it is a gloomy winter day in shanghai and even the upcoming trade treaties between the world's top 2 economies can do little to brighten the. both sides. are itching certain point that would be acceptable not to victory i think at the this is the nature of the so called to face the one deal between us and the charm experts say there are no winners the trade dispute has been expensive for both countries us tiris calls the chinese economy $35000000000.00 in the 1st half of 2019 according to you when estimates meanwhile the trumpet ministration has had to provide

a total of $28000000000.00 to farmers to mitigate losses in the agricultural sector and the phase one trade deal doesn't remove all the tariffs so the dispute is still ongoing. i think it will be a fight she will fight to fight a fight between china and the united states and so both sides will continue to try to be with us directly you've got a manager. and now that suggest that could be more gloom on the horizon as attention turns to face to. well for i'm joined in the studio by us political consultant andrew adair and frank furch catherine yang of fidelity international andrew let me start with you you've worked in congress in the united states after more than 18 months of this ugly dispute that he himself started what does this milestone mean to president trump well it's a cease fire so it's

a big deal in that sense it's as if i if i could use continued a military analogy we've stopped the guns and now we have to carve up the territory so there's still. a lot of work to be done there's a lot of changes that mr bush wants but it is a victory you'll have a big signing ceremony today will get a political win and it does stop the bleeding for now government over to you in frankfurt what do you think who secured the better end of the deal here well when we look at the agricultural goods to the chinese have said that they'll increase their imports in fact 3 end of last year we saw record levels of pork imports from the u.s. and that's important because from a chinese macro perspective while sings especially improving from a data point of view there is that risk of inflation really driven by the way by high pull prices so i guess both sides from this agricultural perspective likely to benefit china has maintained that it's going to continue to open up its financial

markets $45.00 trillion dollars worth by the way so that's good for foreigners but the relationship has forever changed a lot more competitive between these 2 economies so investors should be mindful of perry and the volatility over the coming is a mccaffery if we look at the details that have been starting to emerge from from this deal china pledged to buy $50000000000.00 more in energy supplies $30000000000.00 more of agricultural goods and $80000000000.00 more of manufacturer products in the coming years is that even doable. well over the past couple of years energy and agriculture really have been at the center of negotiations so that's not so much of a surprise from a high end manufacturing perspective again this competitive nature between the 2 economies really essentially boils down to make america great again this strategy this is a made in china 2025 strategy so this is where this conflict is likely to continue

if you have chinese companies u.s. companies all competing for global market share in the high end high tech manufacturing space and if you look at the bigger picture here i mean the short term impact of this dispute has been drastic we've seen global trade slowing economic expansion being hampered but there are those who say that's ok in order to resolve a fight against an upcoming giant rising giant and fight that somebody ultimately needed to pick what's your take on that yeah that's that's absolutely right i mean at bottom this deal whether it's phase one phase 2 is going to be the u.s. using its economic muscle to extract concessions out of china and the big concession is the state owned enterprises the use of subsidies the sort of market starting forces that china has used against the. against or b.t.o. rules they're not free market principles and so can we get china to make 2 sets of

concessions and that is what this is really all about at the end of the day and catherine that's that leads us to the question i mean this deal is not sealed yet in its entirety we were talking about a phase one if we look at phase 2 what are the big stumbling blocks here. well again it's going to be the debate about intellectual property the ongoing focus on chinese state owned enterprises in the subsidies they were safe and that's why it's important from a chinese perspective why yes again they're highlighting at the end of last year at the start of this year the opening up of the financial industry the opening up of the capital markets so that foreigners can participate in terms of tapping into that huge trillion dollars worth of investor base and that's really really k. now this is a bilateral deal we receive on the table here what our

other major players of global trade europe for example are supposed to make of it. well in terms of again there's a lot of speculation that from a tech perspective in this era of digitalization that we live in a way in fact seeing technology globalization at risk so some people are referring to it as a potential splits in it or saw a balcony eyes ation as chinese companies climb up the value chain they're creating as an example their own g.p.s. system it's known in english as the big dipper but it's core bedo and so you have like a chinese g.p.s. system you have huawei versus apple you have amazon versus alibaba so again this is why the friction is likely to continue as both economies continue to try and get global market share where there's an africa europe southeast asia lots and except right. let me come back to you u.s. president trump is to sign the agreement today together with the chinese vice

premier not president xi what do you make of the city so this should point. is name the vice premier he's been the trade negotiator all along. you know it is a little bit surprising that his counterpart is robert light eyes are in the united states it's not donald trump. you know which sets up an exciting stage for stage to donald trump is supposed to make a trip to china you know very soon to. engage with the big man himself and jim being and i guess we can assume donald trump just wants to be in that picture when the deal is signed he always wants to be on t.v. that's right andrew adair political consultant and catherine yang in frankfurt thanks to both of you you. now the us china trade dispute has been going on for more than 18 months for many companies it's been a time of extended uncertainty the next reports traces the fortunes of a u.s. bicycle maker as it tried to move for adoption out of china to avoid paying u.s.

tariffs. when state bicycle decided to shift production of finished city fice out of china to escape u.s. tyrus it took months to find another factory in asia willing to do business with the arizona based company the firm tons of taiwan but most factories that would too swamped with business from american idol they declined it so it is because they weren't big enough to be profitable the struggle to find an alternative to china epitomizes the challenges many u.s. firms have faced since the start of the trade disputes while the phrase one deal may be a step forward it's not so solution. if we knew one way for sure was going to go away or one way you know the tariff would be here to stay we could plan long term but now we have to kind of be nimble and and move in short term increments. the phase one trade deal suspends a further increase in tariffs on bicycles and other chinese made goods but that

leaves on the existing 25 percent import duties on products including bikes to give the u.s. leverage during trade negotiations uncertainty remains nearly 30 percent of north american companies have switched supply chains away from china according to a recent survey by by cowen and company. several manufacturers are now moving operations to other countries in the region including taiwan thailand and vietnam but the other countries often lack the infrastructure and capacity to absorb every american company a state by school found out how to triple orders and pay 30 percent up front to a small taiwanese factory for it to take orders unlike its chinese supplier. the u.s. china trade dispute is reshaping the global supply chain. and at the end of our show a quick reminder u.s. tech giant microsoft software is to stop providing security updates for his windows

7 operating system the move means users will have to upgrade to other systems or risk becoming vulnerable to hacking the company has advised people with machines that are old enough not to be compatible with the updated software to consider buying new computers windows 7 was released more than a decade ago. and that's a show thanks for watching on chris cobra i just don't think success.

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a. little my husband went to peru because of the crisis of the moment if he hadn't gone there we would have died of hunger want to. waste this week. either and welcome to arts and culture acclaimed jazz artist neils lankan of sweden is a living legend on the trombone quite literally he's my guest on today's program and also coming up. what and how will we eat in the new twenties with climate change as the backdrop nutritional expert honey vienna talks food trends for 2020. and there are moves afoot to

resuscitate berlin most famous rave the love parade the regional organizer dr moto is on a mission to make it happen. while in the music business people know him as mr red horn that's of course because of his trademark red trombone. and is one of europe's most successful jazz musicians ever and one of its most prolific well he's also at home in virtually any musical genre and collaborates incessantly to continually widen his own horizons and he'll join me in the studio right after this.