u.s. imposed these tariffs that if the u.s. did impose the tariffs all talks would be off next week the vice premier is supposed to come to washington to talk with the treasury secretary however after the u.s. did levy these tariffs we're still hearing that china has those talks under review so they haven't called those off immediately and some in the market certainly are taking some comfort in the fact that both the u.s. and chinese tariffs all as big as they was that they thought they were going to be the u.s. is tariffs. ten percent at the moment moving to twenty five percent in january and the chinese tires all the twenty to twenty five percent of the ones but only but five to ten percent on these various goods so some people are hoping that there's still room for negotiation however there's a great deal of speculation as to how how much worse it's going to get right to have a chance to thank you. the north korean leader kim jong un says he wants to produce a big outcome during three days of talks with the south korean presi

u.s. will immediately pursue further tariffs on $267 billion of chinese imports. u.s.reme court nominee brett kavanaugh and the woman who accused him of decades-old sexual assault will testify next week before a senate committee. the senate judiciary committing -- committee will hold a new hearing on monday, bowing to pressure from democrats and some republicans to hear from christine ford, to says that cap not assaulted her at a party when they were in high school, promising to be an explosive public showdown in the era of the me to movement. egypt's foreign minister said other countries will help the u.n. agency serving palestinian refugees after the american decision to cut off funding. he made the comments in an exclusive interview with bloomberg. >> the commitments were made by arab and non-arab states, to fill the gaps that have been created by the withdrawal of american support, out of recognition of the important r ole it plays, and the humanitarian needs of palestinian people. desley: netflix has won the most awards of any tv network, capping off a sudden and

u.s. tariffs on chinese goods taking effect overnight and china has canceled trade talks. u.s. stock market futures are now negative. dow down 40 points. >> we're also watching oil price as timing supply concerns push prices up over 1% taking a look at sweep crude oil up 1.46. >> a yield on tenure treasury rising ahead of a interest rate meeting that is on wednesday yield at 3.08% now. >> europe stocks open lower. take a look, down 12. st cast 40 down 13. the german market down 47. >> sea of red today in asia only one market was open and that was a hank sang in hong kong closed down 1.6%. comcast wins weekend, but can comcast convince shareholders it did overpay. fbn:am starts right now. it is 5:01 in the morning monday the 24th of septembers. good morning everybody i'm lauren simonetti. >> i'm jerry willis in for cheryl casone. >> great weekend early start to the week. >> in all week. so -- through thursday. >> okay. yeah getting used to the alarm clock thanks for joining us everybody. shall question get to the breaking news this morning. that is a second woman has now come fo

u.s. with tariffs on fifty billion dollars of american imports and its pledge to slap on another sixty billion dollars of u.s. goods scott hyla as the latest from beijing. the latest round in this escalating trade war between the united states and china going into effect on monday that's another round of tariffs and very big numbers here two hundred billion dollars worth of chinese goods going into the united states will now be tariff that's in addition to fifty billion they were already implemented before so two hundred fifty billion dollars worth of chinese goods going into the united states will now be tariffs on the other side you have another hundred ten billion dollars being a tariff from the united states going into china now this is the latest in a big round in this ongoing trade war and it's going to be ongoing for quite some time now because the discussions the negotiations that have been going on this really started in earnest in the summer there have been talks still going on between washington and beijing those now have been scrapped for the time being so that means there's going

u.s. tariffs on chinese goods kicked in today at the stroke of midnight to washington started imposing tariffs on two hundred billion dollars worth of chinese products beijing retaliated by targeting sixty billion dollars of u.s. goods with extra duties and this is the latest escalation in a bitter trade dispute that's rattled financial markets and so far neither side has signaled a willingness to compromise. workers in a chinese factory making flags and banners for donald trump's reelection campaign in twenty twenty if you want an idea of the irony and complexity of the trade dispute between the world's two biggest economies here it is in a nutshell the dispute has escalated dramatically since this meeting between the american president and his chinese counterpart using ping almost a year ago so what's happened since then and what it meant for both economies let's take a look last year at the u.s. imported five hundred five billion dollars worth of goods from china back in june trying to impose tariffs on fifty billion dollars worth of them as of today further duties have come into effect on

u.s. or detrimental. now. trumps tariffstaking their toll from tech to choice rob reynolds al jazeera los angeles also joins us now live from beijing and so scott with no talks on the horizon more threats from donald trump to impose even more terrorists is this just simply heading for more escalation at this point. seems to be down that path absolutely you know because we saw the the tit for tat last week twenty billion in tariffs announced by the white house on monday immediate reaction from beijing here sixty billion in response to that obviously the numbers a little bit different but that's because the the trade difference between these two countries even before that sixty billion was officially announced by china president trump said if china retaliates we will retaliate again we will fight back we will hit back that hasn't happened just yet there's speculation there's thought that if and when they do and that's a bigger number the biggest number yet if they do hit back that the white house has said that's two hundred si

u.s. dollars are tariffs on chinese goods sixty billion dollars worth of chinese terrorist on u.s. goods which side hurts more. the u.s. economy can hardly replace the chinese goods so it's not like these goods will be produced in the united states what's going to happen probably is that prices of the chinese goods will increase maybe the chinese currency will devalue a little about in the end it could very well be that the u.s. is the loser or the u.s. consumer is the biggest loser in this thing so it's not clear that this will hit the chinese more than the u.s. now into giants like washington and beijing fight with each other where does that a dispute lee feel right. well europe has no interest in global protectionism increasing on the other hand there are opportunities for european companies now there are opportunities for europe to get to stay out of this route so it could be that on the one hand the chinese will make concessions to the europeans to intensify trade with europe and it could also be that some european companies those competing with chinese companies in the u.s. m

u.s. goods. the first round of tariffs this year hit $50 billion of that trade. today, almost all remaining imports, $60 billion worth, were target. while china may have few options left, m' u.s. businesses don' think the trump tariffs are working. >> we had a survey recently. only 6% are considering moving back to the u.s. so the u.s. is hoping for job creation. we don't really see that happening. john: it is the grim prospect of economic pain with no political gain. john sudberth, bbc news, ing. jane:k a quick l some of the days of the news. authorities in mexico has born forced to bodies in a refrigerated truck because of a surge in the number of murders. the truck, contain15g more than unidentified victims of crime, was moved from street to stre in guadalajara until rehedents complained about t smell. it is being relocated to a warehouse while work continues on a new mortuary in the city. constitutional court has ruled at the personal use of cannabis is not a crime. unanimouso -- the judgment decriminalizes adult smoking the drug at home as wels rowing enough

u.s. ally, it should not be subject to those tariffs. the u.s.ants to get access to the canadian dairy market, which has pretty high barriers, protective barriers. i think the u.s. negotiators the u.s. can threaten auto tariffs against canada, that they make it their way. really those tariffs will be so ruinous to the canadian economy, probably pushing canada into a recession that it is a last-minute thing the u.s. can hold out. president trump has talked about this. he talked about it being the mother load. that's come in the end, is probably what will push canada to get a deal done, hopefully tonight. haidi: -- kathleen: on sunday, the wto, and world bank, issued an emergency call for international trade reform. in. will all be meetings the wto having a big meeting and then imf world bank and a couple weeks. is that what is behind this unusual joint call from all three of these bodies that once? ros: you know, i think a lot of it is about president trump. but it is not all about president trump. we have definitely had the u.s. -- or president t

u.s. tariffs on chinese goods, the president directing the u.s. esentative to implement tariffs on $200 billion of chinese goods. and this would be at a level of 10% starting on september 24, until the end of the year. then on january 1, that level will go up to 25%. and the u.s. warning if china takes retaliatory action against the u.s., then the tariffs on $267 billion of additional imports will be implemented. president trump directing the u.s. trade representative to carry out these new tariffs on $200 billion of chinese goods. 300 tariff items have been removed from the original list. we know the items included car seats, high chairs, the u.s. also confirming that smart watches will not be included in the $200 billion worth of new goods. on chinese this will play out as asia gets going. haidi: the question really is, at 10% is it soft enough to keep the door ajar for potential talks with beijing. we know there was one report saying the chinese said if the tariffs are implemented the talks will be off and we go back to a cold war situation. we

u.s. tariffs on chinese goods further escalating their trade war trump says he's open to talking to beijing but won't let it take advantage of the u.s. . the saudi amounts of coalition says it's launched a large scale operation targeting areas. the alliance says it's captured two areas on the outskirts of the port city since the advance began on tuesday is the main gateway for relief supplies noncommercial goods into the country. well just five days before voters in the mold go to the polls a major new piece of investigative journalism is raising questions about the sitting president the o.c.c. or peace story builds on details revealed in a twenty sixteen al-jazeera documentary it's based on government documents banking records and the contents of three i phones owned by a now imprisoned former tourism minister ahmed db he least several islands to various property developers siphoning away at least seventy nine million dollars in the process of a new evidence implicates president abdullah yeah i mean in the scheme something he's always denied the messages from his deputies phones so the pre

u.s. tariffs on chinese products could hurt small businesses back home in america. how many yet is trying to keep its family thirty year old toys business afloat. president donald trump's tariffs on chinese exports aren't helping so we're human to come from majority of it actually comes from china comes here and depending on the brand and where they anticipate to make the production run and there's a link to china i'm directly into china. these pop culture vinyl figures are wildly popular with kids and millennialist alike but the new list of tariffs includes toys so costs will go up big corporations are able to adjust which manufactures but you know a small shops like us we have to roll with the punches and try to figure out changing our actual business strategy in order to adapt and evolve president be pleased to note that you can buy this figurine of him here at tom's models for about eighty dollars and of course it's made in china what he might not be so happy about is the chorus of criticism from businesses large and small over his china trade policy. wal-mart th

u.s. tariffs.nd hitting a july high on the report theresa may is set to rule out a sex it brexit vote and an exit deal from europe has been virtually agreed on. the turkish is set for a fourth day of decline. this, as rate hike euphoria continues to fade and dollar demand persists. lastly, keeping an eye on tesla reports suppliers after they are under investigation. they are on the radar, they rely on tesla for 20% of the revenue. world'sc, which is the largest supplier of electric car batteries and is one of tesla's longest standing associates. haidi: thank you so much for that. tesla has been moving the market. the justice department is said to be investigating the company over tweets from elon musk. this has created such a ripple. ramy: this was the two weeks heard around the world. much to the annoyance of investors, hope to some, but it definitely caught the board by surprise. this is now causing consternation over the department of justice and out to his left is said to be under a criminal pr

u.s. tariffs on chinese products will hurt small businesses back home in the u.s. . how many years is trying to keep this family thirty year old toy business afloat . president donald trump's tariffs on chinese exports aren't helping so we're humor come from tommy jordi of it actually comes from china comes from depending on the brand and where they anticipate to make the production run and there's a link to china i'm directly to china. these pop culture vinyl figures are wildly popular with kids and millennialist alike but the new list of tariffs includes toys so costs will go up big corporations are able to adjust which manufactures but you know a small shops like us we have to roll with the punches and try to figure out our actual business strategy in order to adapt and evolve president pleased to note that you can buy this figurine of him here at tom's models for about eighty dollars and of course it's made in china what he might not be so happy about is the chorus of criticism from businesses large and small over his china trade policy wal-mart the country's bigg

u.s. goods, beijing fired back with a tariff on u.s. product. where does this end? the latest. china cannot match the tariffs dollar for dollar because of the trade imbalance. where does it go? >> reporter: yeah, you know, it's a great question, dave. you know, the trade war, it's definitely a trade war at this point. we can call it a trade war. it's not a trade skirmish, it's a trade war. china saying that they were going to retaliate, and they did. if there was any thought that they weren't going to retaliate, that thought is now out the window, as you said. $60 billion in tariffs on american -- $ 60 billion worth of american exports, brings the total amount of tariffs on american imports in china to $110 billion. there's only $130 billion american imports every year, so it's every import facing tariffs here in china. the big question moving forward, will there be more negotiation was here on out. and the answer is we just don't know. the u.s. extended an invitation to the chinese side last week. china said they won't negotiate under the threat of blackmail, but th

u.s. tariffs. tariffstaliating with on $60 billion of u.s. goods, but equities continue to rally for a second day in asia. we get china's premier, leakage the chinese premier saying he will not devalue the yuan. we see a bit of strengthening in the yuan. this is what the offshore is doing. the 10-year gilts also catching our attention because it has gone above 3%. it did that in yesterday's session, rising six basis points. the 3-5 handle is where -- 305 handle is where we are. this is the fifth and sixth time we have gone above that 3% level and then pulled back from it again. the front end is worth watching as well. do you want to take duration risks? let's switch up the board and take a look at u.s. futures. we saw gains in the u.s. session yesterday. futures struggling a little bit for direction, so we might not get such a strong rally in the u.s. as we have just been in asia. let's is the bloomberg first word news with humphrey in dubai. china will not devalue its currency to make its exports more competitive. the is the message from pre

u.s. imposes this round of tariffs those talks would be off but they haven't said that since the u.s. tariffs were imposed they still say they're under review so i think now everyone's is wondering well will these talks continue is there room for negotiation but is this even really just about trade or just about why did geo political political issues in which case things get really really crazy in the coming months and see how what industries will these latest round of tariffs actually affect. well it's kind of a continuation i mean some goods were spared because i think there is this fear as the november midterm elections comes up of the effect of these tariffs on consumer confidence in the united states the republicans want to run on the economy they don't want to start making all the chinese goods that are imported which the u.s. consumers buy even more expensive to some electronic items and things like that were taken off the table but but certainly the chinese at least as far as the u.s. tariffs on trying to go the chinese tariffs doing compass agricultural goods once again which

u.s. with the rate of more tariffs. ly -- not only will they not participate in talks at had been offered by the treasury secretary but they are saying that they will only participate when the u.s. is no longer threatening tariffs and vice president trump threatened another $267 billion on chinese imports in the future if they do not take steps to open up their market more to the u.s. and tried to narrow the trade gap. it looks like this is deepening, no talks insight and president trump is basically saying that in his view any short-term damage to the economy would be worth it to change things in the future with china trade. he doesn't seem to be backing off his threats for future tariffs. we will see what happens, no talks scheduled anytime soon, unlikely until after the midterms in november. >> thank you so much to our senior international editor in hong kong. joining us now, our chief economist at investec. great to have you with us. paul donovan said we are not in a trade war until we start to see meaningful changes

u.s. tariffs on chinese goods worth two hundred billion dollars come into effect this hour. the rounds elite army unit val's revenge is the president blames the u.s. for saturday's attack on minutes to write. a larger welcome back to international weather forecast for here across europe we do have a very powerful front that's now moving across eastern europe and into western russia you can see the front right there and behind it the air is much cooler in those temperatures are dropping not secular to forecast map as we go towards monday here those winds right there berlin only getting to about twelve degrees as your high when you factor in these winds right here it's going to feel more like ten to nine degrees above so that is going to be quite cool there down towards vienna at seventeen but still warm down across the med will looking a book or rest at about thirty degrees as well as on her at thirty degrees as well but that does change once that front begins to push through what we've been talking about the flooding that has been happening across tunisia the best news that w

u.s. tariffs by imposing judy's on some fifty billion dollars worth of u.s. goods and now it's retaliated again by adding duties to a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn't have much room to move. meanwhile the war of words has also escalated here's what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war. against the united states has been going on for years. here's what's different this administration. wants to call this a trade war we are determined to win it china for its part accuses the united states of bullying with no sign of a let up in the tit for tat dispute economists say the real losers in this trade battle are likely to be consumers in both countries. we asked economist came in first heads germany foments that you where the trade dispute leaves europe. well europe has no interest in global protectionism increasing on the other hand there are opportunities for european companies now and there are op

u.s. than the other way around the possibilities to respond with tariffs on u.s. products are rather limited could they retaliate via the bond market do you think. well i think china has a lot of possibilities to retaliate and they could actually make life much harder for us american companies that are active in the united states this doesn't have to work through tariffs they could just make they could erect minnesota barriers they could actually force more joint ventures on the americans they could actually give preference to u.s. competition which actually there have already if you look at the car industry they have lower tariffs or they have now have lower tariffs for cars for countries outside of the u.s. compared to the united states so that's why actually they can put lots of pressure on american companies in different ways and was really looking back at the u.s. you've said this is a dangerous political game i don't trump but the u.s. economy is doing fine despite the street dispute where do you see the risk. well the risk is not so much for the u.s. econom

u.s. announcing a second round of tariffs on chinese goods beijing responded. the chinese commerce ministry saying it had no choice but to retaliate and it hopes the u.s. changes its behavior one official saying the move is poisoning trade talks and in may founder regarding america's new round of tariffs china has no choice but to retaliate it was expected that the ongoing trade war could heat up this new round of tears from washington confirmed that it will be a lot of money coming into the coffers of the united states of america a lot of money coming in a lot of money in the form of tariffs on an additional two hundred billion dollars of chinese imports the u.s. government will begin collecting a ten percent tariff on those goods starting on september the twenty fourth through the end of the year then on january first the tariffs will jump to twenty five percent and if china at any time retaliates the white house says an additional two hundred sixty seven billion dollars of chinese imports practically the remainder of all chinese products or in the u.s. will a

u.s. tariffs as soon as they go into effect. following that path. that's what we saw during the first round of tariffs in effect by both sides. a $50 billion on either side. and exactly how we see that play out next week. on september 24. when the u.s. puts flound of tariffs into effect. what china is going to do they haven't spelled it out completely yet. previously they said they plan on putting about 60 billion tlars worth of tariffs on american imports here to china. that's the rough figure. it hasn't been finalized yet. there's other things they can do in addition. $60 billion in tariffs is the number that we're likely looking at. chinese responding next week. this trade war goes on. the chinese saying they will retaliate. when the u.s. tariffs go into effect next week. >> making people very nervous. from beijing. >> the trump administration will slash the number of refugee admissions to record low next year: this years cap of 45,000 will be lowered to 30,000 in 2019. our correspondent has more. >> reporter: the admission of refugees to the u.s.

u.s. will push ahead with 25% tariffs in january. the other side of this will be to see how china does respond. the u.s. has a number of new talks on the table. china has made it clear they want to be negotiated with as equal partner. they probably will not take kindly to being forced to the negotiating table under the threat of new tariffs and future tariffs. it will be critical to see how the foreign ministry does respond. at the moment, i know we are still waiting for comments from the foreign ministry. is there a sense china is willing to engage here? or is it going to respond in kind? >> broadly speaking they are going to engage. before.e an offer the risk for them is optics and perception. they have sent tough delegates to washington already this year in the hopes a deal could be made. at one point it appeared as though a truce have been reached only for the process to be overruled by mr. trump. they will be hesitant to go back to washington, cap in hand, to look for a trade deal with the united states. there is the view that pe

u.s. dollars worth of chinese goods would be impacted by a tariff of somewhere between ten and twenty five percent this would certainly be an escalation it would cover roughly half of all of the imports from china to the u.s. and it likely china has said it would retaliate in kind that is what happened in july and the last round of terrorist when we saw fifty billion dollars worth of chinese good targeted by u.s. tariffs china immediately retaliated with the same percentage in the same amount of goods but the question here is with the trade deficit the u.s. does not export as much products to china as vice versa and so china has indicated it would retaliate with a maximum of up to sixty billion more dollars in imports that it would levy against u.s. goods the reason for this trump has said that he wants to punish china for what he perceives as an trade unfair trade practices and he says that increasing these tariffs would bolster the u.s. is to go she position indications though from reporting is that you china may not take kindly to this in fact bloomberg has reported that china would bac

u.s. imposing tariffs on two hundred billion dollars of chinese imports monday's announcement is the third time this year the u.s. has imposed penalties on chinese goods in july twenty five percent duties were applied to thirty four billion dollars worth of imports a month later and sixteen billion dollars worth of goods were targeted in both cases beijing responded in kind imposing equal tariffs on the goods it imported from the u.s. and now the latest round of tariffs the biggest yet ten percent will be levied on two hundred billion dollars worth of chinese goods rising to twenty five percent in january well despite its response china is increasingly on the back foot it's more than five hundred billion dollars worth of goods to the u.s. and imports just over a third of that amount from the u.s. it already penalizes the u.s. than most of its imports so we'll need to find new ways to retaliate in future where president donald trump addressed the new tariff policy a little earlier. we're doing a very good job with china and china has been taking advantage of the united states for a long tim

u.s. tariffs.arly affects companies along the coast, private companies which are already struggling for capital because of the deleveraging process. now they are perhaps facing a crimp on their export markets. authorities in china are very aware of trying to tweak things as they go without upending the whole process. >> when you say tweaking, they're not likely to backtrack on major announcements we saw such as investment limits on industries from banking to agriculture being reduced? i mean, if the u.s. does go ahead with all the tariff threats, how is china expected to respond? >> well, a very good question. i think at the moment at truth now, which is the imposition of u.s. tariffs on $200 billion were the chinese imports into the u.s. will that come all at once? will it be staggered according to the rate? i think we will not get a chinese response until we get u.s. action. i think china has been quite restrained until now, and i think there is a big debate inside china about just how hard they

u.s. goods. tariffsthem on chinese televisions, and so when those increase in price and 25%, it is not like they will rush out and buy u.s. televisions since i don't think the u.s. of makes televisions. they will get japanese and korean television instead. you are shifting the deficit from china back to japan and korea. the other thing is a lot of these tariffs are on good the u.s. firms have to purchase in order to make other goods. there have been tariffs on steel, now on car parts. that makes it more expensive for the u.s. to produce cars, so consumers will purchase more foreign cars, so putting tariffs on steel and car parts leads to buying foreign cars. essentially all of these things will add up to the u.s. not reducing its trade deficit by much at all. haidi: does it also have the consequences -- we talk about trade wars being a lose-lose game, but you say it is redistribution of opportunities for other markets. does that work given the supply chain environment? game, and iose lose think the u.s.

u.s. tariffs by imposing judi's on some fifty billion dollars worth of u.s. goods and now it's retaliated again by adding duties to a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn't have much room to move. meanwhile the war of words has also escalated here's what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war. against the united states has been going on for years. here's what's different this administration. determined to win it china for its part accuses the united states of bullying with no sign of a let up in the tit for tat dispute economists say the real losers in this trade battle are likely to be consumers in both. on trees. now for more let's cross over to new york and our financial correspondent and according yes as u.s. china terroristic end markets in europe and asia have posted losses on monday our investors on wall street asked pessimistic finally the trade tensions also hit the u.s. market for the firs

the president arguing foreign producers will swallow the cost of tariffs to preserve u.s. hare. opponents are arguing that american consumers will pay the price. we asked, who is right. >> the answer hinges on who has power in the market. >> some of the tariffs just started this past week. it will be a while before we feel the effect. the u.s. did the smart thing. if you're going to do a tariff, try to put it on those things for which you might be able to push it off on the supplier. bank had a fascinating chart that said, in the first round, very few of the products were ones -- on china, very few of the first 50 billion, only one billion were products for which china was the majority supplier. >> meaning that the u.s. could go elsewhere? >> and buy from someone else, yes. in that circumstance you may want to put us off -- push off the price of tariffs on china. the next round was almost 200 billion, the new ones. our products for which china is the majority supplier. that gives china more market power. >> if we put tariffs on everything else, which trump has threatened to

china says it will impose new tariffs on sixty billion dollars worth of u.s. goods it's in retaliation to the trumpet ministration announcing it was hitting china with tariffs on an additional two hundred billion dollars worth of goods scott hydel reports. within hours of the u.s. announcing a second round of tariffs on chinese goods beijing responded. the chinese commerce ministry saying it had no choice but to retaliate and it hopes the u.s. changes its behavior one official saying the move is poisoning trade talks to me a founder regarding america's new round of tariffs china has no choice but to retaliate it was expected that the ongoing trade war could heat up this new round of tears from washington confirmed that it will be a lot of money coming into the coffers of the united states of america a lot of money coming in a lot of money in the form of tariffs on an additional two hundred billion dollars of chinese imports the u.s. government will begin collecting a ten percent tariff on those goods starting on september the twenty fourth through the end of th

u.s. goods this summer and now it's adding tariffs to a further sixty billion dollars worth. the war of words continues to here's what u.s. secretary of state mike pump aoe had to say about the trade war in a t.v. interview. we know this much of the trade war. has been going on for years. here's what's different in this administration to the extent one wants to call this a trade war we are determined to win it. china's leadership for its part accuses the united states of bullying with no sign of a let up in the tit for tat spat economists say the real losers in this trade battle could ultimately be the consumers in both. entries. an impressive achievement a german made robot pouring a glass of wheat beer in the approved manner but for some there's a bitter aftertaste in the knowledge that the company that made the robot has been sold to a chinese firm how competitive is german industry in the age of digital i's ation that was on chancellor angela merkel's mind at a meeting of german industry groups in a speech she made the point that german industry can't even produce the batt

u.s. tariffs on two hundred billion dollars worth of chinese imports and not long ago he accused china of trying to influence upcoming u.s. elections by targeting his rural supporters so take a look at tunnel trump's tweets china has openly stated that they are actively trying to impact and change our election by attacking our farmers ranchers and industrial workers because of their loyalty to me what china does not understand is that these people are great patriots and fully understands that china has been taking advantage of the united states on trade for many years they also know that i am the one that knows how to stop it's there will be great and fast economic retaliation against china if our farmers ranchers and or industrial workers are targeted so that's what donald trump had to say recently live to shihab rattansi he's joining us from washington d.c. so maybe some people are saying that this is expected that china has retaliated shihab but they actually did so in a capacity less than they had initially said that they would do so how is that being seen in the u.s. . right i mean th

u.s. than the other way around its ability to respond with tariffs on u.s. products is limited we know that but what other options does china have. well there are a couple of measures that china could to take before once for example they could to devalue their own currency and that at least make up a little bit of the higher tariff so that prices of chinese goods won't get too high in the u.s. then there is another possibility that china could block certain exports of some crucial components for the u.s. industries so they could hinder the supply chain they could also block exports of some crucial raw materials even if that doesn't seem to be too popular with the chinese government either and then finally china could also stop buying u.s. treasuries china is the biggest foreign debtor of the united states sold that could also be an option but all of these measures i just mentioned also could backfire to a certain degree to chinese to the chinese economy yet to be seen thank you very much in new york for your analysis to corporate news now and a man in troubl

u.s. announcing a second round of tariffs on chinese goods beijing responded. the chinese commerce ministry saying it had no choice but to retaliate and it hopes the u.s. changes its behavior one official. the move is poison the trade talks didn't mean founder regarding america's new round of tariffs china has no choice but to retaliate it was expected that the ongoing trade war could heat up this new round of tariffs from washington confirmed that it will be a lot of money coming into the coffers of the united states of america a lot of money coming in a lot of money in the form of tariffs on an additional two hundred billion dollars of chinese imports the u.s. government will begin collecting a ten percent tariff on those goods starting on september the twenty fourth through the end of the year then on january first the tariffs will jump to twenty five percent and if china at any time retaliates the white house says an additional two hundred sixty seven billion dollars of chinese imports practically the remainder of all chinese products sold in the u.s. will a

u.s. tariffs do on monday. and the big question moving forward, rosemary, is the u.s. side last week, had extended an invitation for another round of negotiations with the chinese side. and china was actively considering that. but then, they put the new tariffs into place. how is china going to respond? they haven't said they won't be a part of the next round of negotiations but they haven't said they're going to go, either. we're waiting to hear from the chinese side. if there's an off-ramp, it's going to be through negotiations. but that's in jeopardy at this point. >> matt rivers, live from beiji beijing. >>> coming up, full disclosure, the porn star who says she had an affair with donald trump, has a new tell-all book. and the details may make your eyes pop. we're back in just a moment. these folks, they don't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office onl

. >> more tariff trauma as the u.s.nd china escalate the trade spat. >> we are hearing china will not engage. >> truth or dare between donald trump and china. >> north and south korea hold nuclear negotiations and the boj on stimulus. >> the doj would be looking at whether any criminal fraud laws were broken. >> the ceo of ubs says his bank is planning for the worst. >> you don't know what is going to happen, how can you invest? emma: plus, perspectives on global trade from leaders in finance and politics. >> everyone is worried about the trade war and should be worried about trade tensions. >> it is more the impact on sentiment. >> the impacts on investor confidence. emma: and the conversations with the new president of zimbabwe. >> we feel the world is opening up. emma: it is all straight ahead on "bloomberg best." emma: hello and welcome. i am emma chandra. this is "bloomberg best," your weekly review of business news and analysis from bloomberg television around the world. the week began on a familiar note with trad