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it was the century for an trick monarch. this one will treasure. secrets because it starts to seem to. germany turns the screw on huawei a new digital security law follows u.s. calls for its allies to freeze out the chinese for their house americans presho works also on the program president trump wanted to reduce imports from china but americans knocks down at times seem to have other ideas that buying up chinese goods like never before. meanwhile the coronavirus pandemic is altering spending habits elsewhere to house frowns germans are using the lockdown to spruce up that

hopes. this is due to be business on rooftops in berlin welcome to the program. the german government is expected to approve a new law when the state to enforce tougher oversight of telecoms networks it would make it harder for china's far way to keep a foothold in europe's largest market the draft of the new i.t. security or establishes a 2 stage test procedure in addition to an examination of the technology it would also be a political evaluation of the trustworthiness of the manufacturers as well as effectively and countries like china which have massively expanded their access to technology firms the u.s. claims far away poses a security risk to some of its western allies have already agreed not to involve the company in the 5 gene that makes. let's bring in our financial correspondent in frankfurt chelsea to lanie on this chelsea what's the aim of this laurel timidly.

i would stress that 1st off this isn't an outright ban on holway which is important to note because germany has been under a lot of pressure to completely ban holway from its networks like we've seen in the u.k. or the u.s. but it does create a lot of obstacles and a lot of barriers to including holway german telecom networks this will introduce this new political test as you mentioned that could see holway really being excluded from some of these 5 g. build outs for example this also comes after we've seen a lot of political infighting in germany over the hallways inclusion of german chancellor angela merkel had really wanted to prevent an outright ban on hallway in part to preserve this really important trading relationship with china and other people here in germany other politicians have been pushing for stronger rules so this seems to be a bit of

a compromise. it also will make it much more difficult for german telecom providers they are really focusing now on this 5 g. build out it's very important for germany to really get it digital infrastructure up to speed and this will affect heavily really and danger one of its really important suppliers chose to delay me and frank thanks for bringing us up to date. now u.s. president trump is on his way out and his successor is preparing to take over experts are wondering there what will remain of trump's policies take trade for example especially trade with china central to trump's america 1st approach with policies to reduce the u.s. as trade deficits with china he introduced tariffs on $360000000000.00 with of chinese made products but that seems to have failed in its aim and of m. but china's global trade surplus skyrocketed to have

a $75000000000.00. most of that was led by the u.s. where exports to the u.s. were up 46 percent on a year ago in november the main reason for that is of course the coronavirus pandemic with many americans stuck at home record amount of being spent on a huge range of chinese products meanwhile american exports to china have improved but only slightly agricultural products have sold well but manufactured items have been badly hit by the pandemic so let's discuss this with laura vaughan daniels from the german institute for international and security affairs s.w. p. welcome to day to we business great to have you on the program so it goes against donor of trump's stated aims this increase deficit but is actually a problem for the united states. yes it is a problem in terms of improving the trade balance because at least that's what's

been promised to americans for more than 4 years now and yeah you might see that raging a trade war against china and even reaching something like the face one trade agreement with china earlier this year in february didn't really improve anything about the trade balance so maybe that wasn't the right metric to begin with how much can governments actually do that because in this case we've seen that consumers have essentially had the final say. as to maybe they cannot do so much about it after all what i say said before. raging at trade why didn't really change the situation and some people say this is just the consequence of the pandemic because people started to use their extra liquidity not for services as they usually do for travel and so on but they put it in they channeled it to consumer goods more than they would have otherwise. but you know

that this is been a trend for more than this year so it's been going on for a while so you know the question really is how much a government can steer trade relations yes not so much i would you know exactly is come this come miss the current trend last really so we've got president elect biden taking office next month do we know if he's got a radically different approach to china. well he's been critical of china and he's criticized its theft of intellectual property and his china's subsidies policy and other difficult areas and trade relations but you might as well. see him trying to reach some kind of a push more with the chinese i think it's probably be among the possible options to see the u.s. negotiate over at least limited trade agreement with china again and to rebuild

relations that were harmed by the trump administration seriously. all right laura fund daniel is from the german institute for international security affairs thank you very much for joining us here on be on day to you business thanks for having me . now for a quick look at some of the other business stories making the news. australia says it will appeal to the world health organization over china's hefty tariffs on over 80 percent on barley imports the move comes a day after china threatened an informal ban australian. relations have soured after canberra proposed an investigation into the origins of the covered 19 pandemic. the us federal reserve is joining a group of central banks focused on climate change the group counts over 18 members including the bank of england and the european central bank the fed has been

communicating with the group for the past year. apple shares rose to a 3 month high in tuesday's session me company had announced plans to run for iphone production by 30 percent in the 1st half of next year japanese business daily nikkei says apple expects to make 230000000 handsets in the coming year. and lloyd's of london and fin tech firm pass or are teaming up to ensure vaccine deliveries to foreign countries the global health risk facility will make billions of dollars of insurance funds available new coronavirus back scenes have to be distributed at extremely cold temperatures into a higher risk of doses spoiling in locations without adequate cooling. germany has just entered another coronavirus locked down but months and months of restrictions on life have already changed spending habits the new plate with few

places to go germans have been turning attention to their own homes and the country's furniture produces a benefit to. the warehouse photo shoot close by storing chairs tables and sofas online furniture trade a home 24 is making pictures for the company's website. 180000 articles are on offer with new models joining every day since the pandemic struck online furniture sales have shot up by 50 percent. the money that people would otherwise have invested in holidaying abroad is now going into home improvements says the company's c.e.o. . we weren't expecting such a boom initially we were also gripped by a sense of insecurity but then we responded very quickly and learned fast. what we have been expecting for the last 10 years is that online furniture demand will

start to climb the same way it's been doing for ages in the electronics and fashion sectors. the company's sales warehouses furniture packs stacked up to the 12 metre high roof cupboards tables chairs mirrors normally smaller pieces are delivered to a customer within 2 days of ordering larger pieces can take a week but after 10 months of massive orders logistics manager who bertice miccolis is having trouble getting fresh pieces in storage space is increasingly standing empty. right now we've got about 100000 packages lying here we can see that there are gaps in the supply chain here and there are already facing delivery bottlenecks and our suppliers are offering us different delivery deadlines to the ones we used to. with supply and demand under so much pressure the company doesn't want to waste time or space with returns. so its open show rooms in 6 large cities.

here potential customers can try out a selection of the online furniture and meet sales staff as well. the showroom strategy is also a way of developing long term relations with customers one over during the pandemic . the customers really like to try things out for themselves and they drop by to see of the online company really exists and it's very much the case that in the postal code areas in which we've opened the show room we can see the online sales climbing as well. 6000 return packages land back here every week some 10 percent of deliveries. but that's much lower than the 60 percent returns in the online clothing and schubas pnas home 20 four's concept seems to be working. and finally germany's 2nd lockdown just over

a week before christmas is driving more business to germany's primary package delivery d.h.l. says it's expecting up to 20 percent more volume in packages this year as more customers turn to online purchasing and shipping instead of giving gifts in person says it delivers 56000000 packages last week alone the company expects to ship a total of 1800000000 possibles by the end of 20 times. and that's all from in the business team here in berlin if you want more from a check out our website com slash business about.

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