started to be back on the green grass and the you know, getting when is obviously always very nice. it's always very nice to stay with us here and dw, that's all for me for now. by coming right up is my colleague, monica jones, who has the latest from the business world. i'm there tele in berlin. more of the website dot com take care. the news, the in many countries education is still a privilege. comedy is one of the main causes some young children work in my job. instead of going to class can attend classes, only finish working millions of children all over the world to go to

school. the we ask wind, the because it education makes the world more just the make up your own might be w made for mines the the, the us and to be you are getting ready to resolve the world's biggest corporate trade disputes you as president joe biden, this is brussels to east trade sentence with a block, including the long standing terrace route between plain makers, boeing and airbus another. what issue there still terrorists that were imposed by for my you as president donald trump, for us on china, then the you that teach with tap conflict is no weighing on europe in still produce

and are you ready for the quantum age i b m, reveals, is the one the quantum computing platform in europe. welcome to d. w. business. i'm want to get johnson berlin. good to have you with us. the european union and the united states are poised to settle in almost 2 decades long dispute over airplane subsidies for us. and boeing, people familiar with the masses said the breakthrough is said to be finalized today at u. s. president joe biden. first us summit meeting in brussels. a deal would lift the threat of billions of dollars in tariffs and boost transatlantic relations . both sides wanted to sold one of the longest running trade disputes in the history of the w t o to focus on broader issues such as concerns of what china us, state driven economic model was talk a little bit about that with our financial market. corresponding chelsea delaney

are standing by for us in frankfort. first of all, chelsea. all of that good news for boeing and airbus today. definitely good news for air bus and boeing, which has been had very hard by the pen demo. they can't really afford to have these extra tariffs on, on their business right now, but it's also good news for the broader your european economy. the u. s. had imposed as $7500000000.00 worth of terrorist on not just plains from air bus, but also a broad range of goods. everything from italian cheese to french wine. so a lot of industries have been struggling under these terrorists and especially now in the pen demik, many would see a lot of relief from having those that permanently or at least for a longer amount of time or moved, arrives. wellness views out of the way. we can focus on other trade topics, one of the most pressing issues that should be tackled today will,

china is really underlying all of these conversations right now between brussels in the united states, even the removal of the air bus at boeing terrace has a china angle in the u. s. and you are very concerned about china is growing business in air and aircraft. they want to unseat the u, the u. s. u. so there's a lot of focus right now on how the u and the u. s. conform a bigger block against china, they also likely are to discuss today new efforts to come together to combat china digital prominence. so they like we will discuss things like pulling investments into new technologies into artificial intelligence, into quantum computing and semiconductors. but all of this is really part of these efforts to, to come together to combat the rise of china. right. chelsea, delaney in frankfort. interesting day to day. certainly, thank you so much. another issue on today's agenda is of course the global

blotto steel and alan minium, which puts china back into the spotlight. the u. s. and you say that's china unfairly subsidize the steel produces and then dumped the excess steel on world markets at rock. bottom price is distorting the market and that is what triggered the u. s. trying to trade dispute back in 2018, but the then trump administration went even further imposing 10 percent to terrorism elementary. i'm and 25 percent terrorists on the import off almost all foreign steel, including from europe now brussels, interning post 25 percent tariffs on u. s. deal while also targeting other products. other safeguards such as import quotas have led to shortages of steel on the market, and prices are skyrocketing. the 2nd truck company in western germany makes stumped components for automobiles. the machine is constantly supplied with high grade

rolled steel straight from the furnace. last year, 2nd trip paid $4900.00 euro's for a relative steel. now it's $9000.00 tech and trucks. managing director blames the massive price icon. you protectionism, which is closed off the steel market here, imports from nani. you countries also called 3rd countries, like china, turkey or russia are restricted by quotas. from guessing type on import code is the wrong approach at this moment. they should be lifted and they can be imposed more flexibly as a more appropriate point. but right now, quote is, should be done away with getting in part the thing is quite possible the united states will soon be lifting the penalty. terrorist sunny you steal, imposed by the previous administration. germany steel industry association, once quote is against non e u. countries to stay in place that would leave turkeys and russian steel makers for instance, out in the cold he's a lender can invite him. these countries still aren't able to access the u. s.

market. so they're forced to pivot themselves more towards the european market. that, that creates an unfair and extremely difficult competitive situation on the european market. and threatened to overwhelm europe, the steel industry, to before them a lot of steel. wholesale is like the pro pipe company, agree. they were the domestic steel plants could collapse under the weight of cheaper competition from 3rd countries with pro pipe management often us to delay deliveries a month because there are no suitable steel pipes available. the auto industry stocked up well in advance of the shortage. my not to be yet to respond immediately. when i bought a massive reserves upfront, i wouldn't say they bought the steel plants out, but they placed huge orders and that got the whole spiral going there. how can up in gun water taken truck has to deal with the situation somehow and with these

kinds of material shortages that usually involves passing huge price increases on to customers. that's exactly the size i think, to spend no end of time talking with customers about price hikes and trying to get them to actually pay the increased price is in the end it's a massive extra burden with no improvement in results. and the constant danger will make a loss to fund thomas vol. both is one manager. at least 2 hopes the you will drop steel import quotas to increase competition and decrease prices. time. now to take a look at some of the other business stories making news. britain and australia has agreed on a free trade to deal the trade in trade minister said it's the 1st trade deal to be negotiated from scratch. since the u. k. left the european union, the deal is intended to increase the volume of trade between the 2 countries. above the current $28000000000.00 us dollars annually,

germany's inflation rate is up to and a half percent for the month of may. that's the 5th consecutive monthly rise and it brings insulation to a level not seen in a decade. the trend is mostly driven by higher energy prices, which are impacted by a new tax on c o. 2 emissions within a few years its hold this i b, m q system one. quantum computer will be cracking calculations that would take a standard to digital computer years. today in germany, the 1st ibm system, one in europe, will be presented to the public news stood got to china, and the u. s. has been working on quantum computers for years. now europe hopes to capture up 10 german companies have teamed up in a joint initiative called q tech, including b, m, w, siemens, and boss. to develop applications for the computer ibm system one will run those applications. well for more, let's bring in d w. so christie plaid, son,

who can suddenly fill as in, on quantum computing. good to have you with us. christy. first of all, i mean, what are actually the chances of germany and germ companies to catch up when it comes to the industrial use of quantum computing? yeah, good morning, monica so, i mean, of course, this is the ultimate goal with this with this whole initiative. i mean, germany's research minister has said that the country wants to achieve technological severity. the real idea behind this is to gain some of the ground, the term, his loss to the u. s. to china, to these, these 2 countries are much farther ahead. in this realm, of course, are keen on maintaining their lead. i mean, you know, they have a lot to gain by keeping other industrial countries dependent on their, on their technology. now that being said, germany is kind of a double threat in the sense that it has both a strong industrial sphere as well as a lot of really great research institute institutes right here at home. and so what

we're, what we're hoping to see or what the countries hoping to see is to kind of combine those 2 to sort of even the playing field. and yeah, there's going to be a real concerted effort to do that. going go ahead now exactly to bring all that expertise on both sides together because as you mention it, when it comes to research and development to germany is certainly one of the world leaders even in quantum technology. and as far as i know, the government wants to invest even more. how much money are we talking about? yeah, sure. so, i mean, the governor said they want to invest over a 1000000000 euros in this project, and that's just through 2025. so this is going to be quite a long term project. so of course we're going to be talking about further investments going forward. and, you know, we have to remember that it's not just germany involved here. the use also stakeholder. they have a lot to gain by having, you know, a quantum computing with in house, so to speak. and then of course, you know, we haven't mentioned the corporate players yet. you know,

all of these industrial leaders that you mentioned who's publicly committed to, to this technology and, you know, we can expect them to be putting their money where their mouth is as well. what is the long term goal? they're right, so maybe let's kinda zoom in for a 2nd on what's happening right now with this new initiative. so what, what, what this consortium calling it wants to do right now is identify possible use cases for this technology. and then to also identify how algorithms could be developed to make simple industrial tasks possible. so you know, so what do we, what can we do with it? and what's realistic that once they've determined that the information would then be shared, you know, on a, on a public level. and then of course, of course, be a regrouping deciding how do we go forward from here in the very long term we're talking about sort changes to, to technology, to industry that are almost hard for us to understand from, from today's perspective, i mean, in a general level we're talking about you know, increa increasing efficiency of, of transportation, of logistics. i mean,

we saw this fiasco when the, for the freight ship ever more got stuck in suez canal. a quantum computer could help sort out new routes for those ships that all got lodge there. very quickly. we're talking about improving computer learning, making it easier for computers to understand human speech, to see things, you know. so we're, we're seeing, we're talking very long term here. however, so those are just some, some ideas of what we're going to see as many years down the road. right? well, given all the challenges we're facing, i think it's time for content from quantum computing to really take off christie plots and from d w. thank you so much. thank you. as a reminder of our top story, this our you on to the us point deadline, almost 2 decades long dispute over airplane subsidies, apples and boeing. people familiar with the breakthrough is to be finalized today

as us present joe biden. first us on the meeting in brussels, a deal would lift the threat of billions of dollars in paris and boost trans atlantic relations. the last your business update here in the w for me and the team umbrella in thanks for watching the news. the new gold rush and the lithium this like metal is the roll material of the future. and they suspension to the expansion realty, but to creating political attention and threatening of fragile ecosystem. the mining region is right with controversy. close up. next on dw, we've got some hot tips for your bucket list,

the magic corner spots, and some great help, the more to boot the w travel off we go. mm. oh, there's a new gold rush in the in these mountains, mining companies are trying to tap into huge reserves of lithium, known as white gold argentine and wants to attract $5000000000.00 and invest not only for lithium mining, but also for electro mobility programs. i said we germany is moving ahead with this technology as well and we'll need a lot of lithium to.