in paris.y rally catherine bennett will serve more news on trade tensions. catherine: the u.s.ld be facing a backlash if it goes ahead with plans to impose new tariffs of up to 25% on cars. the auto industry has been united in opposition to the plans, saying that terrorists would affect jobs, raise the cost of vehicles and damage sales. brussels is getting ready for the worst-case scenario as the european commission president has a washington next week on a mission to dissuade donald trump to reconsider. the eu made a list of u.s. products ready to hit the tariffs of its own should trump the side to pull the trigger -- decide to pull the trigger. >> countryside is create a stable environment for trade or they don't. it is the general public, citizens that will feel the impact and pain of every conflict. third-largestan's steel manufacturer is stars in the latest corporate scandal. they admitted to faking strength and quality data for product sold hundreds of clients all over the world. major car and playmakers like boeing and general motors have had to investigate whether the u

i am joined by catherine bennett. the g20 summit was this weekend. what is the news?> trade disputes were on the agenda and still are after donald trump said he would slap tariffs on $500 billion worth of chinese imports. financial officials gathered at the summit to steer globalal tre away from prototectionist popolicies. the imf has calculated $430 billion worth of mobile gdp could be wiped out by 202020 if these conflicts are not fixed. france and the u.s. did come to loggerheads. steven mnuchin refused to budge on trade with the e.u., demanding a free trade agreement with no subsidies. people are trying to make this about the united states and protectionism. that is not the case. this is about the united states wanting free and fair trade. >> new tariffs are not justified. they penalize industries, businesses, threaten our jobs, and we refused to negotiate. >> catherine, talk us through what the consequences could be if trump does go ahead with these. >> the tariffs cover just about all of the products china imports every year. if he goes through with that, china

i am joined by catherine bennett. the beautiful game rakes in the money.ho stands the most to game? >> it is actually the organizer that is set to make a profit. they get tax exemptions. around $217 million and this yealooks no different. let's have a look at the revenues. $3.610, it came to billion. that figure rose in 2014 and increased again for this year, set to generate a revenue of around $6 billion. going to take home a whopping $30 million in prize money. will it make a difference to the overall economy? >> the idea of a world cup when making a difference is not realistic. during themes tournament when fans hit the streets. analysts agree that victory will not make that much of a difference back home. the french finance ministers said it will strengthen consumer confidence and be good for growth. yesterday was a victory for france that also for one of the top private tv channels which bought the rights to broadcast the tournament. over 19 million people watched the final, 70% of the populatition. this catapulted them to the top of the ratings, give

time for catherine bennett. u are telling a story about french lawmakers monday to prevent a repeat of the scandal that made headlines last year. catherine: french lawmakers are trying to stop it happened last year from happening again. the world's largest dairy group had a recall more than 12 million tins of babies milk after contracting salmonella. the government to impose higher fines on those that distribute contaminated products. they were via barcode -- faced with dropping oil revenues and skyrocketing inflation, venezuelan to mitigate creative to find new business opportunities. two young engineers and inspiration of the most unlikely of places. they are building car parts out of plastic waste. reporter: one man's trash is another man's business opportunity. they sit there garbage in this dump, searching for plastic. old computer monitors are reborn as car parts by way of this 3-d printer. the engineers founded the company that now supplies 13 venezuelan firms of recycled plastic filament. it also produces

and later on, we will be joined by catherine bennett for the business news. she will be looking at the eu's huge fine on google over its android is this. business. ♪ after unleashing a storm of disapproval, donald is trying to calm the waters over his failure to hold vladimir putin accountable for meddling in the 2016 u.s. presidential elections . monday trump stunned observers by casting doubt on american intelligence agencies instead of publicly rebuking the russian president during a news conference in helsinki. he now says he simply misspoke. we have the details. >> attemptptg to quell the firestorm, president trump on tuesday clarified controversial day earliermade one in helsinki at a conference with vladimir putin. felt very strongly that while russia's actions had no impact at all on the outcome of the election, let me be totally clear in saying that -- and i have said this many times, i accept our intelligence community's conclusion that russia's meddling in the 2016 election took place. u.s. president was forced to respond to criticism after undermi