used in the past now so far trump has been able to get his way partially due to his bare knuckle tactics do you think there is any leverage that the rest of the world has when negotiating trade with this very pushy america is still carries a huge dad could that be used as a tool of persuasion. part of the opposition really also has to come from within the united states all saw because you know when you talk of let's esteem an aluminum dairy if there are the number of industries that use both steel and aluminum and in so far as. their costs of production are concerned they have now gone up countries also need to be you know more tactical. you know that. the. minimum steve there is announced. reactions of countries were to seek exemptions but instead i think you know the one they have to squarely the end of

the government is start seeking exemptions for individually for them since they have been working licht really kind of work against the imposition of that is themselves pressure has to come in more from. the industrial side particularly getting the u.s. industry is to begin to respond is very to the damage they are actually getting and will have down the road from the u.s. terrorists now i merican like to say that every cloud has a silver lining and i suppose in this case there may be quite a number of them i know that there is a lot of happiness or grievances when it comes to china its economic behavior not only in asia but in other parts of the world i wonder if you believe the american trade stance on on china may create any collateral advantages either for india or perhaps for others. i mean in principle you could argue that. if this leads.

to the speeding up of china overdrawing from certain markets because remember the medically with the read is raising in china china is already been drawing from certain markets particularly the labor intensive products not any protectionist. measures by the united states can lead to a speedy withdrawal of the china fronts on the market and that can open up. it's and it is for their countries but that's a sort of you know not not the ideal way to create opportunities i believe actually in general you open markets and the opportunities are to be created through competition through better more efficiency greater productivity and so forth now india also meant a trade deficit with china and it's quite significant one around fifty one billion dollars in two thousand and seventeen and while the two countries signed an agreement to achieve a trade balance by two thousand and nineteen i think it's fair to say that the have allowed themselves some procrastination on that front do you expect these tensions

with the united states to maybe to make beijing a little bit more responsive to issues like that and others simply because it needs the support. in its trade standoff with washington well that's that's very likely to happen i think you know this is this is very normal kind of outcome of letters like these that if china is under huge pressure from the united states then it will be more conciliatory to some of the other countries with whom it may have been less conciliatory in the past prime minister more they had visited china and there was no official agenda but he spent about more than two days in china leaders spent quite a bit of time together so you know clearly there is there is. movement in the direction. and go i think you know one has to know the details of what is being talked about behind the scenes well and i think one of the news that was leaked

after that informal simon between prime minister mori and president xi was that china actually pledged to increase its imports of indian sugar so i guess we can take that as an indication of china trying to sweeten its relationship and its trade with india both literally and figuratively anyway professor we have to take a short break now. but we will be back in just a few moments stay tuned. on the firms the banks the rating agencies the government and the central bank it's called a racket the u.k.

profits from it and some way that's how the aristocracy keeps going and that's not going to stop. talking back to worlds apart with arbonne to that great professor of economics at columbia university professor you've been mostly complimentary of the government for its efforts to lower inflation and spur economic growth but you faulted it for reverting to a policy of import substitution and sort of privileging domestic consumption of exports why do you think the expert modeller beach comes out under so much pressure in china but also in awe that countries like germany like a number of european countries would be good for india at this point of time. and international played economist i believe in competitive advantage and therefore

i believe that you know you should countries should specialize in the products where it's called or and. return it and then import the products which. costs then substitution we're doing exactly the opposite. going. we're stopping the imports of what we know mystically cannot produce at no cost and we have therefore encouraging higher cost production. and that will eventually also impact our exports. it really goes against the competitive advantage principle well i understand your competitiveness argument but i think there is also you know a security argument there if you don't maintain a production capacity for basic goods aren't here exposing yourself to higher geopolitical risks because you know that sanctions and you know the denial of trade

has been used as not only as a geo political tool but also as a tool of regime change do you think india is totally immune to those kind of risks but. that is that india actually mean walked this was not in response to any terrorists against india. or this article actually those are there is this a the two to introduce purely for import substitution reasons saw you know. the context was actually quite different but also coming to your specific question more squarely the world is much larger you see sing one country imposes sanctions it doesn't close the rest of the world for you and therefore you still have the rest of the world with which you can still trade now speaking about sanctions correct me if i'm wrong but from what i understand the issue of u.s. tariffs is of secondary importance to india because it is now faced with

with the sanctions related to the capsule legislation the countering america's adversaries through sanctions act which for example applies directly to russia india would be sanctioned as the law stands now a deal would be sanctioned for doing any trade or any significant trade with russia when there especially when it comes to weapons. and yet india has been trading with russia when it comes to weapons for many many decades do you think do you have any concerns that india may be punished for what the united states sees as allegedly russia's bad behavior you know. diplomacy cannot disregard any contingency and in any possibility so one has to take that into account having said that. remember that india is also the buyer of very large volume of. military equipment from the united states saw this game can be played by two sides

to mutiny if it is played by. refusing to forces a sale of. equipment it hurts both sides but at the same time you know india is not a small country it is a very large country and you know going forward it's going to be a significantly larger country you know in another ten years and we're five six trillion third largest economy in the world and therefore i think the united states will also have to take into account. if such a move is taken that india can potentially also stop buying the military equipment from the united states now i know that the u.s. secretary of defense james mattis has asked congress for a national security of waiver for india simply because they understand that india is in no position to. implement this legislation because seventy percent of its weapons as far as i know are of russian origin so you cannot change doubt

overnight it's a huge investment that was made over many decades and yet from what i understand medicine request to congress has been denied where do you go from there well i think the unit ultimately you know the long standing tradition of the united states is that it is a pragmatic country in every lot. law how it is implemented is extremely important there are gender levey's out around working around any law and so i mean i remain completely hopeful that the united states does see india as the counter it to china in asia region and be you know the very effective change of terminology to in-door pacific. from asia pacific is indicative of that recognition so so i personally remain quite optimistic that way when we found out so that the. access to the russian equipment. in terms of maintenance and so forth is maintained

i know that india has a long track record of defying american sanctions i think it did that back in one nine hundred seventy four in one thousand nine hundred eight do you think it's going to be easier this time around especially given that it's not only india but i feel also vietnam turkey indonesia a number of countries that seem to be going to have with. russian the weapons purchases and seemingly defying at this kind of legislation see among all these countries and get him into the largest answer to the most important and so any serious impact that happens on india's ability to actually defend and be a part of the. work that the united states wants to have. a think is that consideration is extremely important so so i personally still think that the united states we need to find a way around the legislation. on the margins of me get impacted but it

cannot be implemented in a way that it seriously actually impacts the ability of india to be a part of this defense bill what the united states wants to have now i personally see it as a bit of a paradox of the american power structure when the defense. the world's second most populous country it reaches india is being held hostage to some senators you know in new jersey or a club i wonder how is it perceived in india the fact that any given country would . attempt at least to tell you who to do business with and who not to do business with. you know countries grow bigger. they see that. the orly's a quid pro quo kind of place and certainly prime minister more they has built many many bridges in his forty years. you know he has gone to some fifty five different

countries to build his bridges but he is also tough i think in national interest if push comes to shove he does assert will assert we saw that you know that. india stood his ground on climate change treaty that is agreement so i think you know this is a game of cooperation but with. national interest at the center of the policy and also independence which is known for and i think brian's from all the has been an fabulous job of. doing that partly by his outreach i think you know has been an unprecedented leader in this respect you know in terms of his outreach to the entire global community of leaders now the cats at legislation relates not only to russia but also to iran to reach in two thousand and seventeen that was india's third largest supplier of crude oil and the station on iran is a little bit different because the administration the trauma administration is

actually how band on implementing those sanctions you've been talking about the prime minister modest ability to reach out but do you think he will stand ground when it comes to iran as well because the trumpet ministrations seem to be very serious when it comes to its intention to cut iran off international trade but some we did. we need to be found out what got into me you know what it translates into is much higher price of crude for india and for everybody else unless we begin to see much less a place coming out of russia and maybe also some from the united states as well. so that's a challenge. india has had obviously longstanding relations with iran but this is a road that india has been. on before. when we have to see what kinds of compromises have to be made but. clearly you know that that also is

a challenge for india now from what i understand it's not only about buying oil from iran but it's also about big infrastructure projects like for example the international north south transport corridor reach new daily fees as an alternative to china's belden road initiative and a key to success of that project is the. port in iran so we are talking here about not only you know the current indian economy but it also it's a geo political ambition it's regional ambition do you think there is any scope do you think there is any possibility for india reconsidering its role in the region given that the costs of dealing with iran are now so much higher but this is a very think prime minister we need to negotiate with the united states as well to see you know of these other projects are infected. as far as i understand you know currently the sanctions are related to trade but if they also came back the

cooperation on matters like these on investments this something that giving need to negotiate. is in its own master. and i have no doubts that the prime minister is very much up to the task now you've been so far very polite and. diplomatic in your characterization of both the united states and certainly india but let me push you just a little bit further because especially when it comes to this infrastructure project it seems that. it is actually in the back to american interests you know india trying to project itself as a as a rival of china as a counterweight perhaps of russia as somebody who wants to bring stability to afghanistan and central asia all of that is supposedly in america's interest and yet it seems that the united states is only doing it more difficult for india to country that it's actively been courting do you take that as the united states

simply not thinking through all the consequences or perhaps not caring about those consequences you know what. there is certainly some element of that that you know the consequence of their perhaps not being thought through hard enough but some of it may also be posturing you see the president president drummed really the sort of you know coming from the business world believes in. cutting a good deal for himself and he has to have spent the past presidents his predecessors were not tough enough so he's trying a different paths but i'm sure he's also a rational individual. and is after the interests of the united states so he is obviously has the most difficult balancing act to perform as you say when you push . other countries such as india who are potentially your allies. can address an impact your own objectives and so therefore it is

a very difficult balancing act and i have no doubt that you know in the end. some more sensible position. or the newark liberty i'm really. hopefully will be able to reach at the minimal cost certainly the united states is trying to change the existing it will agree i'm so weird it goes i think the mystery seem well professor we have to leave it there really appreciate your time today our viewers can keep it. conversation going on our social media pages as for me hope to see you again same place same time here and as a part. of .

what we've got to do is identify the threats that we have it's crazy to from day shouldn't let it be an arms race is often spearing dramatic developments only mostly i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

football superstar cristiana were known to a knocked out of the world cup as france and europe white power through to the quarterfinals. away from football in some of the big stories of the last seven days a highly anticipated summit between president putin and donald trump has been confirmed for july sixteenth turning the political and media world on its head. and he is leading real tougher regulations to curb the migrant influx however what's hailed as a breakthrough but of law schools concern for human rights groups. good morning sunday the first of july here in moscow is just a tad after ten in the morning now you're watching at the weekly or not me cavanagh in iran the big news stories of the last seven days. the football.

so go this weekend the first day of the fee for world cup knockout stage so two of the world's superstar players messi and ronaldo sent home but despite that upset stunning performances across the matches left fans around the world ecstatic. i. was. up. my. good deed. to talk about. the east.

i. mean you was. was to meet us michael and you'll have a fall of the two games from a special studio right in the heart of moscow. leaving and some people might say the full we've seen your wife you are free to the quarter finals after they defeated the european champions portugal to go to war this is how it played out like a volley started the lead on seven minutes but watch as far as. he returns the favor knocking it back in yeah this is a perfect ball in your guy then sat back a little bit had four sometimes five at the back and then three in front of them

and kept the block very very tight and then on fifty five minutes they had a corner and everyone kept an eye on right now though and here you see it happen it's a really really good header when you have someone like pepper in the t. he pops up and score goals like we've just seen but he also makes stupid decisions in a game and for the second goal of the curve on the score he made a really stupid decision to go in trying to win when ahead of where he should just to stay back and i was trying to win that header he left such a massive gap for me it's a path into him and he finishes go i have to question the goalkeeper now we've lost for now and it's a slightly sad ending his last contribution to the match had a shot that nearly hit the corner flag and then is very last contribution was. poor temperament with the referee and getting booked for and that was it was last season yeah yeah a little bit of a sad ending and we're now speculating that it was this the last time we saw

christiane of melbourne a world cup was the last time we saw in the other mess in this mess is thirty one or another it's thirty two coming up to thirty three we don't know it's four years is a long time in football speaking about this fear i wonder what it was like in sochi for hawking's at the stadium for a surprise what did you make of the game how you how you feeling right now big moment for you guys very excited very excited are. a long way it was a hard game. is is it. school what you predicted not what you thought we also we didn't do what it was you know in this victory you know it was going to be easy but i knew we were going to win this game you could tell that you're why we would like to defend first we have to stay at the back make sure that our structure is good and then work to develop on the counter develop on those opportunities and we played our football today use we played this football against egypt against saudi arabia against russia and the results are coming and i couldn't be happier we know that. through and if you don't know the result you can check it out critically that

with the flags and you can say that it is going to be you're a quite a gang around see defeated argentina what was just a simply my match is down. four goals to three. in two and five and today it was and that's great world cup for them the only good game they played was. in the last group. to run a message on the school's through a machine like that so they can time to cry and i think if you see maradona somewhere. he will be crying these people and all the way through throughout these temperatures. yeah i don't think it's been very good for his health at least you know that emotional rollercoaster was to hold lows than the highs can see and for. the tango so they knew and have you noticed that the polish changed by the way is completely identical to the other one

just has got different colors and so it's red patterns on it now so and maybe and we don't know this maybe the ball this different because we've got ten goals out of two games that is something now the new prince of the game is a risen and if you think he's potentially got another three world cups after this one he could be reigning supremest this isn't a flash in the pan this isn't speculation he has everything needed doesn't need to be at the very top of the game unbelievable player he's nineteen. as of eight we've known about him for a good eight hundred month maybe even more to two years. is owned by monaco but he's on loan to pierce the passenger man. as we talked about before it's a public secret that this deal is going to go through the summer and it's going to be the most expensive player in the world well the french players will have gave a lot today to have one sixth ace to recover in time for that match on the sixth of july nice girl but it's not just the players who gave

a lot the found this will be emotionally draining it's quite a ride seven goals first and that it will take its toll on the fans to. the are. very happy to have so much upset i can confine our life around flatland and. fourteen few nights. i. was a while. i really want to be following the next next round oh well that was one we tried to do but it was not possible. to use or. misuse the best we have the best player in the planet every week it was amazing that we were down to one and we scored twice i tree we score three times so it was amazing. you already knew. that

so was it today sunday second day of the knockout stage starts with a clash between russia and spain some of the fun shed their expectations with us. like. i hope we win the match but they wish luck to all point and says well you will loose that's ok i did too this says i hope we winning support our team put on his family but i hope spain and bit russia spain did not start at one hundred percent this world. but i think that now will start playing spain's games on it to get dark and the passes goals and most of all to improve our defense let's go. a reminder the spain was top of its group with two draws one win against iran and russia was seconding group after it was beaten by a year ago i that much has said the start of five pm moscow time is rarely found what impact the russian team's success has had on their fam.

this world cup has by so much in the way of color become a luxury is so huge between different supporters of different countries and it's also inspired some fantastic such as this one in same pages but by the local artist would go off all of the russian team coach chad cheer that we've got to catch up with the ought to study this week and asked him what inspired him to make this piece as i'm not a thoughtful person but it turns out that i'm quite sentimental and this is my so how happy he was how people celebrate. a hit. like i have to speak as united russia and so i thought why not do some graffiti of despite the fact he has a reputation for not smiling churchill saw this capture the hearts of the russian people off the guiding the team to the knockout stages of a wild cup for the first time since one thousand nine hundred six. perform so well

this time it was really unexpected so nice of the fans and this beautiful girl portrayed in the paint is right off to such great victories is a tribute to him and the fact that it's fast there's sauce is portrayed we came here specifically to take a picture like true fans he smear acustom year just to take it because one of the badly revenues think that's a pretty great feat for trick very mazy custom coach and was rushed here to take a photo. of course with the world's biggest sporting events in full swing it seems russia's living breathing eating and sleeping football and i'm not just talking graffiti the beautiful games even made it into the households of the russian academy of fox more than forty ceremonial portraits have gone up featuring the world's greatest football stalls imagine christianity now though in the nineteenth century. it's sort of vision of italian artists for brits but in valley we've been labeled his crew.