i'm david and this is climate change. happiness increase book. this is the plan for you. to get smarter for free to do you good on you tube. trump or biden whoever wins the u.s. presidential election the rest of the world will be watching it's safe to say that 4 years of donald trump has u.s. president has left their mark on the world's biggest economy and its relationship with its trading partners around the globe including europe. oh well come to made

to the u.s. election a vote for free trade well that's our topic today do you remember what the world felt like 4 years ago in autumn 2016 europe had just started to come to terms with britain's brics referendum yes that's 4 years ago and the bookmark makers they got it all wrong back then and they also got it wrong with predicting the outcome of the us election hillary clinton did not become the president of the united states well i don't know if the polls are right this year but i do know that for the global economy right now a lot is at stake. the u.s. election is just days away the outcome will impact global trade. the question is how a quarter of old jobs in germany depend on export industries. cannot. overstate the importance of the transatlantic relationship it's really without alternative. zana

borgen inch tall being the varia makes material handlers and cranes annual sales were 420000000 euro news in 2018. doesn't it oh this is a telescopic crawl a crane we sell cranes like this to the united states 2 north america is now our 2nd largest market after germany europe and eastern europe. the company relies on its sales to the u.s. but says c.e.o. at a center the u.s. also relies on his company's products. for example cranes to load exports and unload imports. you know we've been and continue to be an essential business in america if our products want operational entire factories could grind to a halt. gemini in the us have long been important trading partners but

tensions have been rising in recent years rivals abas and boeing accuse each other of receiving a legal state subsidies that has been mounting criticism of german car exposed to the us country as one big tech companies to pay more tax and most digital giants are american. frank supposed to laurie heads the german division of u.b.s. he also heads the american chamber of commerce in germany in that role he seeks to stick to their political fights and smee that he ruffled feathers. you know if you get outside of washington d.c. and you go out where you know most people live and work. business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find

ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in the union is also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have power beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making imports more expensive the u.s. that tariffs on steel wine and jam. be e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you

want them to achieve there's one thing that they always achieve and that is higher prices for the consumer so the damage is done to one's own country in that sense what disposal are you think of the positions on trade of the 2 candidates for the u.s. presidency. between president trump and candidate by the. it's a little hard to tell and mean both of them have made statements that we find very . wrong quite frankly. neither has come out with a firm commit. and to the importance of the transatlantic relationship and the value of trade and so i think we need to get away a little bit from the emotions that are packed into the word globalization and really recognize how many jobs are created how many families are supported how much tax revenue is generated and then i think anyone really looking at this calmly

would say ok let's get out and do everything we can for this relationship the trade wall between the u.s. and china is also having an impact on europe it's caused shifts and currency exchange rates and made european exports more expensive in asia so charmed pub itan does the german entrepreneur adage than a bulletin have a preference. with biden. whether it's trump or biden only government we have to deal with politicians of all stripes it's a requirement all the economy creates its own laws. it's the economy that makes the world. of the us was that is. despite all the tariffs and arguments the united states and europe still do billions in bilateral trade every year. after 4 years in office everyone in the world has his or her own view off donald trump some think

he's doing great they like to style all of us war he's dangerous and point to several cases of misconduct perhaps even criminal misconduct much debate to ties to the kremlin to substantial funding from germany's biggest bank ditto the us caught up with u.s. journalist david who believes that vast loans from deutsche bank and able to trump to appeal rich and successful which ultimately helped him win the presidency. donald trump and daughter. relationship. and one that financial journalist david enrich has described in detail in his recent book dark tower. the bank has lent him over $2000000000.00 over the past 20 years money and rich sense that allowed donald trump to maintain his image as a successful real estate tycoon an image that paved his way to the white house.

let's dive right into it how much money has donald trump owed to bank as far as we know he currently owes deutsche bank about $300000000.00 and then on top of that $300000000.00 you have the question are family which is obviously the extended family of the trumps now thanks to the marriage of gerrard and ivanka and they have borrowed hundreds of millions of dollars more from deutsche bank so all told there are certainly more than half a $1000000000.00 in outstanding debt from the questioners and the trumps to do it to back you right in your book that without. it's a bank donald trump would never have become president how important was the money that deutsche bank lent him for him becoming president i think it was indispensable trump his entire basis for running for president and then being elected president in 2016 with he was a very successful businessman and the more evidence that becomes public in the

journalist gather the more we see that that really was a mirage he was not a successful businessman he was a money was an businessman and he has a very well established track record of defaulting on loans having his businesses declare bankruptcy and violating contracts what would it mean if the president of the united states defaulted on half a $1000000000.00 of loans he personally guaranteed the overwhelming majority of those loans and so that means that the bank has a right to go for what money is in his bank account and he has millions of dollars in various bank accounts in cash and in stocks and bonds the bank can go after that they can go after trump tower they can go after mar-a lago this is go after his plane and would they do that to the president of the united states take away basically all his belonging i don't know what they might do what i can tell you definitively is that since the morning of november 9th 2016 when donald trump had been elected the next president of the united states diligent bank executives in

frankfurt in london and new york have been freaking out about this this scenario in trying to figure out whether there's a way to amend the wording of the contract so that trump is no longer personally guaranteeing them and it's been very clear to them for almost 4 years now that they have a very serious problem on their hands there are those who say that maybe lending money to dollar wasn't such a big risk for the chip bank after all because those loans might have been guaranteed by russian individuals or entities is there any evidence that you found that would prove that i have not found any evidence. that russia or russian banks or russian individuals in any way provided a guarantee or any financial backing to trump through deutsche bank my hunch is that this is a conspiracy theory what is true though and you write that in your book is that darts a bank has helped the cushion a family with funneling their money through russia over to russia so what exactly

happened there there was money moving out of cushion or accounts being wired to russian individuals why would the question of company send money to russian individuals do you think that had anything to do with the russian meddling in the 2016 election is that a pay off i don't know i doubt it but i don't know it's a mystery if we were ever to really get a clear an environmental view of what had actually been going on inside your bank and going on inside donald trump's account at deutsche bank and there would be still quite a few surprises in there. now it would also come as a surprise i'll be a welcome one if u.s. policymakers could finally agree on a much needed fiscal stimulus plan to help the battered u.s. economy deal with the fallout from the coronavirus pandemic unemployment reached

record highs over the summer now how many this is not to the fust economic challenge some i 10 around for example have long swapped a permanent address to live in mobile homes and travel from job to job our reporter on of us went to kentucky to find out more. the recreational vehicle the r.v. a symbol of freedom. homeless wherever you take it and we're overwork may take you. i mean or think can talk you know which is not exactly known as a tourist destination but home to where home is of online retailer amazon and that attracts an increasing number of employees who come to find work but choose to live in their camper vans all year round. a campground near the yama zone where houses sold to around a dozen were a camp purse. it's 2 pm time to get up for robert barker he works the night shift

good morning. good morning good morning robert how you do and good how was your shift it was great ok yeah easy money man you know basically robert you have your whole life inside that man yeah i've been living in my van for 6 years now. working seasonal work for amazon and i've done some also i've worked a job in alaska salmon cannery of work to be hard and. it's been really good to me and it's really easy money and allows me the freedom to do what i want to. like many were campers robert barker lives a modest life with few frills his kitchen an outdoor microwave and a picnic table. kind of go on time here i may think i'm.

not even curry right. robards lifestyle saves him $2000.00 a month he says money he uses later to travel robert is $46.00 he has no partner no children and very few expenses. amazon pace's campsite his health insurance and $15.00 an hour when he works managing customer returns it's a temporary contract for a couple of months. the key to doing it right is you can't have a $400.00 car payment or or and you know. debt. and debt free. i own my van. and i have like $30.00 in bills and that's how are they able to do it. 5 30 in the evening for robert it's time to go to work. amazon refuses to give me permission to film

but the online trader is actively seeking work campers in 26 campgrounds across the u.s. . more financial security but you have to hit the road to get it perhaps not everyone's dream but it seems to work for some. in a lot of criticism about amazon and concern about the growing online tree industry would mean for work environments of the united states but one thing seems to be clear that all the work campers in kentucky up quite happy with the lifestyle they chose. from happy campers in the u.s. to a geopolitical power game between the u.s. russia and germany over a gas pipeline relations between the sas in a sport in north east germany were excellent until 3 republican senators threatened age with crushing legal and economic sanctions if it continues to provide services

to north stream 2 now the contentious pipeline which is to transport gas from russia to germany has long anger to donald trump drive a sell us gas to europe. this is a small harbor town on the baltic islander for you can. a lot of tourists pass through but otherwise there's not much going on here. what have we done to make us senators think that they have to threaten us in this way. it was quite a surprise when sasnett suddenly became the focus of an international political fight the latest iteration of a longstanding conflict the mash owes us a letter to the company that manages the potence arsonists which is majority owned by the municipality it was written by 3 republican u.s.

senators in august threatening crushing legal and economic sanctions. but their preview of the letter is a threat. where they state that they don't want nord stream due to be completed by ford that's the main point on dime the thread is directed at our port because we have a plant there that used to case the pipes for nordstrom to and because ships docked and a provision there. and they say we should stop doing that. for all schools to watch and i find this utterly shameless because for the on for for now all right the fight is about the north stream to pipeline to deliver natural gas from russia to germany these segments of piping piled up at the port were meant for the final stretch to the german baltic coast work stopped last year after the

contractor for the pipe playing ships suspended operations under threat of u.s. sanctions. in 2005 the then chancellor gerhard schroeder and russian president vladimir putin signed the deal to build a system of. traill gas pipelines across the baltic the original north stream went into operation in 2011. it starts in the russian port city of and then look mean a crisis found in germany. stream too has also been laid except for the last 160 kilometers to germany. washington is dead set against it claiming it will make europe too dependent on russian gas and exposed to leverage by vladimir putin's old europe germany should not put up with this having 3rd parties tell us what we may do and what we may not do what our energy policy should look like and what projects we may work on here in such an outside. it's nothing

new that germany is getting its gas from russia the 1st shipments of natural gas from the then soviet union reached west germany in 1973 during the oil crisis that also angered the us but west germany continued to buy more and more gas from the communist soviet union and unify germany went on to do the same with russia also i wonder putin's leadership even when the 2 countries had serious disagreements at the political level. sanctions are a means to apply economic pain in order for a government to get its way. by providing goods services and support for north stream to the port of sasnett has created jobs and peace to the economy of the region. local firms are now very nervous of other firms and they predict the tides and for all the companies involved in the project will be under threat from these extra territorial sanctions side of. going to face major problems of economic

policy and economic measures are deployed to pursue geopolitical interests and small companies are exposed to threats. here on the coast we deal with a lot of ships from all over the world we want to pursue international trade him and that. and do business with each and every country of. free trade policies of huge importance for coastal economies. this. $350.00 companies could be hit by the u.s. sanctions from small engineering outfits to large ship chandler's. that's why we need trade deals all over the world but what's going on here is astounding we're suddenly might is right and that scares us here in this corner of germany and the people we talked to him it's just want to be left in peace and we have no comment there were 10 here before you i don't feel like. even beyond the north stream to project officials herons are concerned that the ports

international reputation could be in jeopardy. and in another example for us trade relations goods made it hong kong for export to the united states will need to be labeled as made in china after november the knights of financial help is again at the forefront of the escalating conflict between 2 superpowers what does that mean to local manufacturers will struggle to preserve their own identities. kong reports from hong kong. it takes a 1000 steps to assemble hundreds of tiny components that's how i feel aggrieved toby young voice is made william shome founded his own brand a decade ago hong kong is the birthplace of these high end time pieces this is where they're designed and dissembled because we want to show our all. the. bad to the back of the watch but the clock is ticking in november the made in hong

kong label will be replaced by made in china the u.s. has revoked hong kong special trading status. because soon for us just because of the work and all that we try to invest for the raw materials inside the show the specific where we were bred and also for the back of the 4 policy changes that i did to double or triple the whole cost also always of a lot higher hung kong is a w t o member as a separate customs territory then you labeling policy came in the intensifying u.s. china conflict it's one of a series of american council measures against the political upheaval in the financial hub as the city's 2nd largest trading partner the us is ending the decades long preferential treatment for hong kong because of its head roading autonomy following china's imposition of the sweeping national security law veteran

manufacturer simon one sells instant milk to the u.s. his products are popular among the nostalgic communities who missed the taste of hong kong signature beverage hong kong has long been broken. you know. famous for 4 years of branding for the. confidence to. this post or compared. to over are the countries but much like hong kong. it's now a bittersweet business the latest policy is another reason for simon walling and many of those to decouple from the us markets. being caught in the hurricane would be. getting worse and worse. exploring our markets to other countries we are also souls in products from europe

from other countries from the states. and we don't want to. have to redesign our baggage and we may have to. work on our. strategy so as to strain for our brand as a whole about. last year hong kong shipment to the us total $39000000000.00 u.s. dollars but almost 80 percent was really exports from mainland china that's why the new labeling rule will also hit china hong kong also regimes have vowed to refer the issue to the w.t.f. . business people fear this could be the 1st step for the u.s. or even its allies to abolish hong kong's benefits that the rest of china hasn't enjoyed and so undermine its distinctive competitiveness william shome sells his toe beyond watches to 15 countries the u.s.

market used to be a main target of his lucrative business but now he plans to relocate his investment and shut down his new york office by the end of this year as a whole breath we have a very specific character hong kong has to merge where the asset is of the culture or are the historic well you know loves to recall them off it because there's a thing there's also an opportunity so we should seek for her to scale the danger. changing the tag of origin could mean losing a quality trademark. and possibly bring a higher tariff. but for the manufacturers on the ground it's not only about money but also about hong kong's unique but fading identity. it matters who sits in the white house for the united states and the rest of the world and that's why we will all watch next week's presidential election with bated breath while hoping for the best that's all for this edition of made for me in the

team thanks for watching.

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is deja vu news live from berlin germany pulls the emergency brakes to slow the pandemic or mackerel so far cinemas gems will be closing and urges people to reduce personal contacts and. the restrictions coming as delhi infection rates climbed back will address parliament on these measures later this morning and then even stricter slate of measures and france president to call sends the country back into lockdown people need written permission just to leave.