china has lent its moral support to turkey in the country's ongoing sanctions dispute with the united states beijing called for more dialogue between the parties and said that turkey would overcome temporary economic difficulties. pakistan's lawmakers have elected former cricket star imran khan as the new prime minister. in south party became the largest in the national assembly after an election last month and i'll be able to form a coalition government. russian intelligence defense ministers are meeting in moscow to discuss the plight of syrian refugees millions have been forced from their home since the war began in two thousand and eleven many and now flee one of the last opposition strongholds ahead of a planned offensive by government forces taking refuge in camps near the turkish border in casino has more from near syria's border with turkey. this is the marketplace of a refugee camp in northern syria by syria through a keyboard there the camp which is one of the oldest and self-rising began in the riyadh post more than eight hundred fifty thousand syrian refugees those refugees were this pla

china has lent his moral support to turkey in the country's ongoing sanctions dispute with the united states beijing calls for more dialogue between the policies and said that he would overcome temporary economic difficulties. imran khan has promised a new era of prosperity and justice for pakistan after being elected the new prime minister by lawmakers his. policy which campaigned on an anti corruption but from. also become the largest in the national assembly but he will still need to set up a coalition government in now faces a mammoth task in preventing an economic crisis and boosting jobs as promised during election campaigning. the first thing we will do is crack down on corruption i promise you in front of god that whoever stole from this country and burden us with. a single one of them. listen to what's more from islamabad pakistan the. children emraan khan and their twenty second prime minister of pakistan they were chaotic scenes inside parliament and the opposition made a lot of noise shouting slogans against iran and shouting and favorite roles. the prime minister who was disqualified an

. ♪ ♪ emily: another salvo has been fired in a trade war between china and the united states. beijingd a list of $68 billion worth of u.s. goods to be hit with tariffs. china says it will happen if washington follows through on its plan to impose duties as early as next month on chinese goods. larry kudlow said the white house will not back down. larry: we said many times, no tariffs, no tariff barriers, no subsidies. china is not delivering. their economy is weak and their currency is weak. people leaving the country. emily: isaac stone fish, do you see any end in sight here? isaac: this will be a story for quite some time for the u.s. side and the chinese side. at least very publicly, they are not showing desire to back down. on beijing's side, we are gearing up for a secret annual meeting for chinese leaders in a resort town that will happen sometime in august. after the party leaders meet to discuss some secret agenda that we know very little about, we might he more movement on the beijing side. it is unlikely we will see anything until perhaps right after the midterms. emily: in

china for messing in his deal with kim jong un because of the ongoing trade dispute that the united states in beijing has, the president accusing china of providing aid to, money, fuel, fertilizer and other goods to north korea. that's something he said he is not pleased about. all of this is tied into trade negotiations with canada as the president seeks to put together a stack of trade deals that he can use to put pressure on china to change its ways. >> with the friday deadline looming, president trump today is that he was optimistic the u.s. can reach a deal with canada on revisions to nafta. >> i think canada very much wants to make the deal and it will be very good for canada if they do and i think it probably won't be good at all if they don't. >> president trump has threatened canada with a 25% tariff on cars built their company move that would likely decimate that country's automobile industry. canada's foreign ministry today is that he/she is encouraged by conversation she's been having with the u.s. trade representative's office that indicated those talks aren't easy. >> when it comes to s

what should the united states do in response to signs of increased aggression from beijing? umber of things. first of course, the united states has increased defense spending. we are seeing that coming in from the trump administration which is being very robust in terms of reverse in some of the disastrous defense cuts of the obama era. so we do now have a further defense but further needs to be done to deal with both the russian and chinese military threat. also of course i think it is imperative that the united states stands with its allies in the region. in particular with taiwan, japan and south korea. for example there is a very clear message that has to be sent to beijing. that any kind of aggression against u.s. allies will be certainly met in a very robust fashion by the united states. and so i think on a whole, the united states has to be extremely proactive in dealing with the rising chinese threat but also i think that we have two remember that china is a nation that has tremendous superpower ambitions. and while the most pressing and knee-jerk that i think u.s. in

domestic threat it is unacceptable this is a message that from the president of united states is going to resonate in beijing in ankara and moscow and you know every capital around the world that it's ok to treat the press as as a domestic threat and that that's unacceptable and want all you want is the boston globe hoping that said today's coordinated action the editorials across the nation defending press freedom what are you hoping that this is going to achieve. well we're definitely not going to get an apology from mr trump nor are we expecting one wasn't this is already succeeded beyond our wildest expectations what it's done for us is several things first it's really put a granular nuanced view of the first amendment in the united states if you read through these editorials they all come from small towns and cities some bigger cities as well major players but you know these people talk about what the first amendment's of them what a press means to their community to be informed about things that are going on. and to hold the powerful accountable that's powerful and so just moments ago or an emotion or

beijing officials say they will retaliate if the united states takes further trade measures against themour asia business hub where shara njit leyl is following the story. sharanjit, you and i were talking about the rumours this time yesterday. the rb trump administration is saying and is poised to take further action. -- the trumpet ministration. that is right. this could further escalate tensions between the us and china, which as we know are already made in a trade war, both sides have already imposed tariffs on that $34 billion worth of goods. the us injuly published $200 billion worth of additional products to be taxed as early as september. that list names more than 6000 items, things like chemicals, textiles, consumer goods, ranging from baseball gloves to frozen fish fillets. essentially they are accusing china of intellectual copyright theft and they want to bring down that lofty trade deficit with china, which is the world's second largest economy after the us. but it is seen as part ofa after the us. but it is seen as part of a broader tug—of—war between the two powerhouses fo

beijing officials say they will retaliate if the united states takes further trade measures against themhave already imposed tariffs on $34 billion worth of goods and our business reporter explains why the white house wants to take it a step further. we have been talking to senior administration officials and they have essentially confirmed what us media have found a day ago, citing unnamed sources of which is that donald trump wants to turn up pressure on china and he has asked the us trade chief to hike tariffs on the proposed tariff on goods from 10% to 25%. to be clear, these are not new tariffs, nor are the releva nt not new tariffs, nor are the relevant harris in effect yet. this does mark an escalation, if in rhetoric of the growing trade dispute between the us and china. the list of potentially affected items was announced injuly and is still undergoing a period of public review and comment and the $200 billion list isjust review and comment and the $200 billion list is just one list of ta riffs billion list is just one list of tariffs that is the centre of this dispute. you migh

united states. eunice yoon is live in beijing we are now an exporter of crude oil, we're a major exporter of naturalas. i found the news surprising when they talked about it because wouldn't that just be a tax on its own chinese people >> yeah. that's what a lot of people here have been talking about. just to give you a bit of a background, china decided to drop crude oil off its $16 billion tariff list. there hasn't been any official explanation why, but there's been plenty of speculation among traders that the state refiner had something to do with it. they are the biggest importer of u.s. crude into this country and it's all been part of the government's overall strategy to import more u.s. crude to help diversify their energy sources so to give you some stats, last year china bought a fifth of u.s. crude exports, and this summer the purchases hit more than 500 million barrettes a day. the government here has very little incentive to put any more financial cost on to its imports. the revision did come after the company suspended new bookings until october. that was reportedly because of concerns

you here are very much at the center of the current trade friction between washington and beijing the united states says that china is using predatory behavior because of all the stake money that it's pouring into the sector and it says that makes it very difficult for us companies to compete now of course china has another reason for wanting to push robotics right now this may be the world's most populous nation but the population nevertheless is starting to decline and china's leaders worry that one day in the future there won't be enough workers so it needs more robots in fact within two years it hopes to be producing some one hundred thousand industrial robots but that means that many workers in china are worried that one day soon their jobs could be replaced by robots because robots are attractive for another reason they don't go on strike and they don't ask for paying creases now some sad news in the past couple of hours the woman known as the queen of soul aretha franklin has died in a detroit hospital age seventy six that announcement made by her publicist not long ago debra li's on the has

united states it follows a series of tweets from u.s. president donald trump praising his trade tariffs beijing has published a new list of retaliatory tabs on u.s. products in response to washington's threats to impose some two hundred billion dollars in chinese imports chinese state media lashed out at trump and described his measures as extortion. business leaders have gathered in washington for the annual meeting of the agricultural applied economics association a packed agenda punitive tariffs treaties being trashed geopolitical crises global foreign direct investment fell sharply last year especially in africa where f.b.i. has dropped by twenty one percent i asked the president of the african development bank and me additionally how the globe's trade troubles are affecting africa. or first and foremost when the you know two elephants are fighting basically the grass office from it if you look at the impact of the fights going on in terms of the global trade was you know of course if you look at china united states it means that for china for example if john i want to be hit with all those high tariffs it will impact china in many wa

says it's prepared for a long trade war with the united states it follows a series of tweets from u.s. president donald trump praising his trade taffs beijing has published a list of retaliatory tariffs on u.s. products in response to washington's threats to impose high judi's on two hundred billion dollars in chinese imports chinese state media lashed out of trouble described his measures as extortion. facebook has set its sights on a new set of data the wall street journal reports that the social network asked several large u.s. banks to share details of financial information about their customers request is likely to be part of its efforts to deepen user engagement and often use services information requests that include transactions and account balances. it was corruption that saw ukrainians take to the streets of the government of victoria more than four years ago free elections followed promises of a better life but a report by the german newspapers you tortured site on reveals how widespread graft still is even corrupt customs officials cost the state billions of euros every year . the report says the black sea port of adesa is a hop

the trade war between the united states and china escalates — after washington and beijing both put new of august. and more recalls from bmw, this time overfears its engines could catch fire. the german carmaker says it will recall over 300,000 cars across europe — with 75,000 of those coming from the uk. and paddy power betfair says it won't be affected by the government's plan to limit the amount you can spend on fixed—odds betting terminals. the government will limit bets to £2, but paddy power says it shops will remain profitable. the gambling firm also reported a 4% rise in half—year profits to £106 million. another rise from the discuss. the second. that's right. we had one backin second. that's right. we had one back in april and this is the second. centrica says the races will affect around 3.5 million of its customers. the increase will be on the standard variable tariff, the svt, which will rise by 3.8% from october, so on a fixed deal you will not be feeling that rise. it means customers on the variable tariff will be paying an average £44 extra for their bills, taking the an

beijing. china has retaliated against the united states imposing a twenty five percent tariff on some sixteen billion dollars worth of u.s. goods in the past few months of course china has accused the united states of being responsible for the biggest trade war in history so no sign of this dispute ending any time soon talks though are continuing in washington between officials from the u.s. treasury department and china's finance ministry. ugandan military prosecutors have dropped weapons charges against a jailed pop star turned politician who opposes the president but we wanted was due to face a military court on thursday his arrest prompted large and violent street protests parliament's deputy speaker says wine is a in a lot of pain after being beaten in jail the government denies the accusation. australia's prime minister malcolm turnbull says he'll propose a vote on his leadership on friday but only if a majority of his m.p.'s ask him to do so in a formal letter turnbull says if the motion is passed here will treat it as a vote of no confidence and won't stand as a kind of that he now re

beijing and our relationship there. you talked about investment restrictions we were expecting are not happening. give us a status clesk what's going on with china and the united states. are we in a trade war? >> we are not in a trade war. we are in a trade dispute. our objective is to have reciprocal trade. i think everybody understands this. we have one of the most of investment markets. the restrictions we are putting forward is about protecting critical technology. this is note about doing anything more than that whether it's china or anybody else. we'll continue to make sure american workers and american companies get a fair fight in china. that's what this all about. maria: i'm glad you mentioned firma and you cfius, that's what you are going to strengthen in making sure china doesn't spin stealing our technology. or is there no answer to that. >> whether it's china or anybody else, we have been working with couldn't last six months. we couldn't be more pleased. this passed in the house 400-2. think about that. if that's not bipartisan, what is. we want to protect united states critical technology and we are going to. that's not direct at china. it's direct at

and later, we will ask nec director larry kudlow about the new trade talks between the united states and china. beijingernight that there would be meetings coming up later this month. dl. l confirm that with larry ay tuned. take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or, here. kick your antacid habit with prilosec otc. one pill a day, 24 hours, zero heartburn. thanks, janet. it's welcomemy happy place. store. you can learn how to switch to xfinity mobile, a new wireless network that saves you cash. and you can get 5 lines of talk and text included with your internet. and over here i'm having my birthday party. dj fluffernutter, hit it! ♪ dj fluffernutter simple. easy. awesome. ask how to get $300 back when you sign up for xfinity mobile, and purchase a new samsung phone. visit your local xfinity store today. >>> welcome back. take a look at the furlts right now. the dow up right now in large part because of walmart. dow up about 240 points after walmart reported better than expected earnings. nasdaq up about 55 points, s&p up about 16 points. >>>

will resume several brokerages have cut their outlook on tencent >>> beijing announced a fresh round of trade talks with the united stateslater this month. a chinese delegation will travel to washington in the latest attempt to reduce tensions between the two countries. china's commerce ministry said beijing would not accept unilateral pleasures but welcomes dialogue. >>> president trump is preparing an executive order that would strengthen requirements on the u.s. government to purchase materials and services from american firms four administration officials said the order would expand trump's buy america program into new sectors. this would include infrastructure projects. this would mark the end of a six-month long process spearheaded by pete navarro. sources say federal agencies have raised concerns about the legality and the cost of these new regulations. >>> a controversial politician says the u.s. should expand a trade war with china to include his hometown of china. find out why a member of hong kong's national party says it would help the city preserve its autonomy. >>> let's check on the commodities complex. yo

beijing. well as advertised china has retaliated against the united states imposing a twenty five percent tariff on some sixteen billion dollars worth of u.s. goods in the past few months of course china has accused the united states of being responsible for the biggest trade war in history so no sign of this dispute ending anytime soon talks though are continuing in washington between officials from the u.s. treasury department and china's finance ministry the chinese side insists that it was the united states that invited china to take part in these talks but president donald trump or said he doesn't believe these negotiations will achieve very much of more concern to china right now is the fact that the u.s. trade representative's office is currently hearing arguments for and against allowing the united states to impose additional tariffs on some two hundred billion dollars worth of chinese goods if that were to happen it would hurt not just china but also the u.s. consumer because it would involve products such as bridal grounds parts for bicycles the sort of stuff every day consumer items h

international trade — the world's two biggest economies, the united states and china, are trading insults and imposing tariffs on each other. beijingeporting washington to the world trade organization. the current tensions were sparked by president trump's decision to impose tariffs on billions of dollars on imports from china, the european union, canada and mexico. my guest is arancha gonzalez, the executive director of the international trade centre, which is co—owned by the world trade organization and the united nations. her mandate is to help small and medium businesses in developing countries participate in global trade. but with an international trading system that some believe is discredited and outmoded, is she pursuing the wrong ambitions? arancha gonzalez, welcome to hardtalk. thank you so much. so we're seeing tariffs being slapped around all over the place. the mood music on international trade has changed very much, to your detriment. well, no, i wouldn't say so. i would tell you that there is a huge geostrategic rivalry between the us and china, and maybe it's not that bad that the biggest expression of this rivalry

beijing. well as advertised china has retaliated against the united states imposing a twenty five percent tariff on some sixteen billion dollars worth of u.s. goods in the past few months of course china has accused the united states of being responsible for the biggest trade war in history so no sign of this dispute ending anytime soon talks though are continuing in washington between officials from the u.s. treasury department and china's finance ministry the chinese side insists that it was the united states that invited china to take part in these talks but president donald trump or said he doesn't believe these negotiations will achieve very much of more concern to china right now is the fact that the u.s. trade representative's office is currently hearing arguments for and against allowing the united states to impose additional tariffs on some two hundred billion dollars worth of chinese goods if that were to happen it would hurt not just china but also the u.s. consumer because it would involve products such as parts for bicycles that sort of stuff every day consumer items here in china n

beijing. well as advertised china has retaliated against the united states imposing a twenty five percent tariff on some sixteen billion dollars worth of u.s. goods in the past few months of course china has accused the united states of being responsible for the biggest trade war in history so no sign of this dispute ending anytime soon talks though are continuing in washington between officials from the u.s. treasury department and china's finance ministry the chinese side insists that it was the united states that invited china to take part in these talks but president donald trump has said he doesn't believe these negotiations will achieve very much of more concern to china right now is the fact that the u.s. trade representative's office is currently hearing arguments for and against allowing the united states to impose additional tariffs on some two hundred billion dollars worth of chinese goods if that were to happen it would hurt not just china but also the u.s. consumer because it would involve products such as bridal grounds parts for bicycles the sort of stuff every day consumer items

beijing. well as advertised china has retaliated against the united states imposing a twenty five percent tariff on some sixteen billion dollars worth of u.s. goods in the past few months of course china has accused the united states of being responsible for the biggest trade war in history so no sign of this dispute ending anytime soon talks though are continuing in washington between officials from the u.s. treasury department and china's finance ministry the chinese side insists that it was the united states that invited china to take part in these talks but president donald trump has said he doesn't believe these negotiations will achieve very much of more concern to china right now is the fact that the u.s. trade representative's office is currently hearing arguments for and against allowing the united states to impose additional tariffs on some two hundred billion dollars worth of chinese goods if that were to happen it would hurt not just china but also the u.s. consumer because it would involve products such as parts for bicycles the sort of stuff every day consumer items here in china n

as far as beijing is concerned, that is the countries that belong to asean and china itself. however, the united statesnd this often doesn't see it that way and this ofte n co m es doesn't see it that way and this often comes up at these gatherings asa often comes up at these gatherings as a real point of conflict between the two sides. the united states has called on zimba bwe's political leaders to show magnanimity in victory and graciousness in defeat, following violence after emmerson mnangagwa was declared the winner. opposition leader nelson chamisa has refused to accept the result and claims he can prove that the electoral process was rigged. our africa editor fergal keane reports from the capital harare. "open for business", the newly elected president's voice, as the the police order people back to work. this a day after the army pushed them home. who really runs this country? and what kind of zimbabwe is it becoming? questions on the morning after victory. we were there in the early hours of the morning when the result was finally declared after days of waiting. mnangagwa emmerson dambudzo, o

united states. where this at a time low-level talks between beijing and vcr underway. lynn fisher told bloomberg the worst is yet to come. >> i think we are headed full steam ahead for tariffs on the $200 billion worth of goods currently being considered. it could escalate more, but i a prettyhave reached heightened level of trade tension at this stage. to sarahwant to get mcgregor standing by in d.c. and leads our economic policy coverage. correct that the worst is yet to come? >> i think that is the general agreement right now. we saw the $16 billion worth of tariffs and retaliations from china today. overall total in trade is $100 billion of goods between the u.s. and china have in levied. this $200 billion is really where things will start to get sticky. i think goods and a lot you will see in the silicon valley will really hit consumers pocketbooks. that is where the 200 starts to nibble into those kinds of goods. i think the trade talks in washington today, as far as we know, were wrapping up now, they are aimed at averting the 200 billion further escalation, but

beijing, including from within the bureau. president is facing criticism for her than policies towards united states and the problem the chinesehat can afflict them united takes a short-term, damage to the chinese economy could be permanent because other countries as well can fill a lot of the destruction that would have been as a result of chinese goods being priced out of the america markets. that is causing heartburn in beijing. >> the administration does believe his rank in the position with the trade of the european union last week. larry kudlow says china is in a very difficult position as being isolated right now. what do you think of the strategy? >> obviously there's some truth to the statements, but i would also remind everyone that we are also 100 days for a midterm election and i don't think voters are determining the strength of the economy by whether or not they carry a trade surplus or deficit. they wonder about the availability of reasonably priced goods and the opportunities for work and career advancement. both countries in both economies have something to lose here and trump makes sense right now may be boar

another esslation in president trum trade war with china, with the united states imposing 25% tariffs on nearly 300 more chinese goods; beijing responded immediately. many of the u.s. tarif target china's hi-tech industries, part of the "made in china 2025" initiative, which aims to transform china from theorld's factory into a global innovation leader. as special correspondent katrina yu reports, the plan's critics say it harms american companies and the international market. >> reporter: an army of robots, dancing to coded choography. these automated entertainers are on display in beijing at an expo showcasing the latest in chinese consumer technology. a.i.: artificial intelligence, medical devices, transport; these are just some of the ten sectors that make up the country's technology master plan, "made in chiit 2025," an intive that aims to transform the country from ama facturer of cheap goods into an innovation powerhouse. and as jake parker from the s.-china business council explains, the list doesn't end there. >> it's primarily focused on raising its capabilities in adnced it and tech focused industries that are impo

beijing. well this vessel the pig pegasus has now been at sea for two months it left the united states in early june with the aim of trying to beat the deadline for the start of the trade war between china and the united states that trade war of course began on july the six and that was the day that this vessel arrived in the port of darlie and it seems that it literally missed the deadline by just a few hours the owners decided not to offload their cargo because if they did they would face levies from chinese customs of some six million dollars ever since then the vessel has been circling somewhere in the yellow sea while the owners decide what to do next they don't have many options though because of course soybean prices have been falling in the united states is now basically a glut because china is the world's largest consumer of soybeans and it's no longer buying from the united states instead it's buying increasingly from brazil argentina and doing more to beef up its domestic soybean industry by offering subsidies to its farmers china currently produces soybeans that are consumed by abou

beijing. well as advertised china has retaliated against the united states imposing a twenty five percent tariff on some sixteen billion dollars worth of u.s. goods in the past few months of course china has accused the united states of being responsible for the biggest trade war in history so no sign of this dispute ending anytime soon talks though are continuing in washington between officials from the u.s. treasury department and china's finance ministry the chinese side insists that it was the united states that invited china to take part in these talks but president donald trump or said he doesn't believe these negotiations will achieve very much of more concern to china right now is the fact that the u.s. trade representative's office is currently hearing arguments for and against allowing the united states to impose additional tariffs on some two hundred billion dollars worth of chinese goods if that were to happen it would hurt not just china but also the u.s. consumer because it would involve products such as bridal grounds parts for bicycles the sort of stuff every day consumer items h

that he says he's very strategic partnership with the united states is at stake and he's already alluded to the growing ties with moscow and now beijing in fact turkey recently signed a loan agreement of several billion dollars with china that has been suggested as a way possibly out of this although investors are very skeptical that will be a solution to the message coming from currys if washington continues to take its hard stance towards it will look to all the partners and that cost doubts about even the future of turkey's nato partnership. dorian thank you so much for bringing us up to date dorian jones there in istanbul so very interesting developing story the turkish central bank says it's ready to take all necessary measures to ensure stability whatever that may be we'll see how that goes oh. sure you'll be on this for the rest of dave thanks so much. now north and south korea have agreed to hold a summit in pyongyang in september it'll be the third meeting between the leaders of the rival countries this year the announcement came after officials have a fresh round of high level talks on monday morning the goshi ations in the

he says turkey's very strategic partnership with the united states is at stake and he's already alluded to the growing ties with moscow and now beijing in fact turkey recently signed a loan agreement of several billion dollars with china that is being suggested as a way possibly out of this although investors are very skeptical that will be a solution. really the message coming from her is if washington continues to take its hard stance towards it will look to our partners and that cast doubts about even the future of turkey's nato partnership dorian thank you so much for bringing us up to date dorian jones there in istanbul. a white supremacist rally in washington d.c. fizzled out on sunday after only a handful of neo nazis showed up the supremacy ists were massively outnumbered by hundreds of counter protesters the rally was held on the first anniversary of a demonstration in charlottesville virginia where one woman was killed. i think hundreds of people marching through washington to condemn racial hatred hereafter a white supremacist rally in charlottesville ten deadly these counter-demonstrators far outnumber the white nationali

star correspondent yes bellinger in beijing if the trade tensions for the united states could hamper china's global high tech ambitions this is what he had to say. don drum has shown china his muscles for example when he v.t. one of china's major tech companies from accessing american technology this has halted city's production and brought the company near bankruptcy. back down in the end but what's maybe more important is that a lot of countries are now looking into china strategy and taking countermeasures for example germany is now looking into a crude tech companies by chinese buy so the environment is getting more and more hostile to these ambitious plans of china. their housing prices are rapidly rising in many cities across the world so much so that people with lower incomes are often struggling to and to their luck a new zealand is now battling for nonresident investors from buy existing homes in the country the government is hoping this will stop property prices from rising they have almost doubled in the capital planned over the past decade nationwide they've searched by s

want to close off global common sense in opposition with everybody else including united states very bad story for beijingt what is going on, with trade, tariffs and white house, even steve forbes on the show saying we should have need to lock arms with all our allies, and take on china, at united front from japan to canada and mexico. and that was the is disturbing about steel, aluminum tariffs to begin with deal with mexico a handshake deal negotiating with canada that is why we are watching this renegotiations of nafta so closely there was just a report out in the globe and mail newspaper in canada, with this headlined canada government officials said to -- deal friday -- >> it is a deadline, it is arbitrary deadline according to some set by the white house that is why not just in terms of the united states economy and our trade with these allies that is like so important to make sure, that we get everybody on our side, and we can take on china. >> that is absolutely critical dagen you know you are one hundred percent right on that. that is why, the -- sort of the handshake with europe, at the end of j

latest escalation in the trade standoff between washington and beijing yep this is bumping up a level you could say terry the united states considering a twenty five percent tariff on two hundred billion dollars worth of chinese imports after initially setting them at ten percent the aim to increase pressure on beijing so that they return to the negotiating table and what sources have told bloomberg the tax would apply to chinese products like clothes bicycles baseball gloves and furniture some economists believe the cost increases will be passed on to american consumers critics fear the proposed terrifying could backfire and escalate the dispute between the world's two biggest economies. india central bank has raised its key lending rate for the second time in two months to fight inflation and stem capital outflows the monetary policy committee raising the rate to six point five percent india like indonesia and the philippines is trying to prevent currency being taken out of the country triggered by us rates which are higher at the moment and a stronger dollar another aim of india's reserve bank is to cope with inflation

united states. the chinese currency is down against the dollar. in fact, beijings now talking about taking targeted measures to ease the pain. last night, the president said his trade policies are working. >> thanks to our powerful trade policies, the trades deficit is falling and falling and falling, and boy, did it fall this quarter. the daying of plundering american jobs and american wealth, those days are over. they're over. >> dear america, we deserve higher wages, you deserve to thrive. but what the president just did, he lied to your face. the united states deficit with china has increased to $93 billion in the first quarter of this year. the numbers that would round out the second quarter, well, they don't come out until friday. and there are other signs that this could be a very risky gamble down the line, if the president goes through with all of the tariffs he's threatening. the chief economist with moody's mark zandi says, quote, it could push the total job losses to $700,000 and a half percentage point of economic growth likely nudging the country int

thirty four billion dollars adrian brown has more from beijing well this vessel the pig pegasus has now been at sea for two months it left the united states in early june with the aim of trying to beat the deadline for the start of the trade war between china and the united states that trade war of course began on july the six and that was the day that this vessel arrived in the port of darlie and it seems that it literally missed the deadline by just a few hours the owners decided not to offload the cargo because if they did they would face levies from chinese customs of some six million dollars ever since then the vessel has been circling somewhere in the yellow sea while the owners decide what to do next they don't have many options though because of course soybean prices have been falling in the united states is now basically.

the united states is slanted twenty five percent tariff on sixteen billion dollars worth of imports from china a second round of judy's in response to what the trump administration calls beijing's unfair trade practices china reacted swiftly with its own levies on over three hundred american products that could spell tough times for american regions that export billions in products to china one of them is the city of wichita the brookings institution says no other metro area in the u.s. is being impacted more by the u.s. china trade route alexander phenomena visited wichita and sent us this report. from handrails and alloy. and his driver own to just the company in wichita that over a wide range of aluminum from over should have been strong decision it's becoming more and more difficult for the grabbers to calculate their contracts in fact we're still in about six months we're not. we didn't affect our market but we have to be very careful and project you get a project let's say in january and it goes up thirty percent by march and your bid is not very good anymore from her terror of texas on imports and exports says karen page c.e.o. and president of kansas global partners for