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see that is. this is your business update i'm helena humphrey in berlin thanks for joining me america says it's come to an agreement to reduce china's huge trade surplus with the u.s. by two hundred billion dollars annually now the new surprise the world and china by all accounts the country's foreign ministry now saying it agreed to no such thing say the room is all not true that is what the ministry spokesman knew kang had to say dialogue with u.s. negotiators is currently ongoing what is for sure china has agreed to drop an anti dumping probe into u.s. imports of the sorghum crop used often in food and animal feed. well as bring in our financial correspondent yes go to in new york now yes trump says tomato china seems safe something else how likely is that they really came to an agreement regarding this trade surplus. well after the trade talks between the chinese delegation and a u.s. representatives on friday there are sources from the white house saying or some governmental officials that actually this two hundred billion dollar number is still on the table and i would say it is in general rat

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big table by my colleague enough humphrey from our business desk helena if you look at the bond market society pretty picture right now they don't like what they are seeing in italy tonight here is how one analyst described it today take a look. you know what i mean. the markets don't know who will end up governing italy or more likely there will be a temporary technical government but we don't know for how long yeah we've had many of them a very in length but the markets need just one thing of certainty. you know they're not getting certainty and the question that we know any time soon now you time soon and we know the political turmoil is nothing new in italy but this time we're hearing is this could be the genesis of another euro crisis is that what we're looking at sent me a haunting the similar narrative i'd say let's take a look at the parallels then italy is a country which did two point three trillion euros in debt that's the highest level in the eurozone as one hundred twenty three percent of g.d.p. and when we saw that financial crisis in greece for example that ratio was not as large as it currently is in italy so it's certainly a very concern