a landmark ruling with signals towards the white house the world trade organization decides national security concerns can be a valid reason to put up trade barriers very recent u.s. president don't trump sides when it comes to his trade disputes the ramifications also coming up patience is running out in pakistan where inflation is now running at a five year high. good to have you with us the world trade organization has issued a landmark ruling on national security claims in disputes the decision could have major implications for u.s. president donald trump's trade policies the ruling involved ukrainian exports to russian territory and allows an exemption to rules on national security grounds mr trump is likely to see this as a win as he has invoked national security when imposing tariffs on trade disputes with china and the european union but the ruling could also work against it. now let's dig deeper into the story with our financial correspondent dns quarter in new york and my colleague from business clifford conan here in the studio clifford let's start with you what exactly was

a landmark ruling with signals towards the white house the world trade organization decides national security concerns can be a valid reason to put up trade barriers very recent u.s. president don't trump sides when it comes to trade disputes. it's also coming up patience is running out in pakistan where inflation is now running at.

. >> trade tensions were a big factor in the imf's forecast the white house issuing a list of european products that might face tariffs the world trade organization finds the european union subsidies to airbus, adversely impacted the united states and he explains that's why now the tariffs on $11 billion of eu products eu he said is taking advantage on trade for many years and will soon stop but maybe these trad watrade wars are becoming semipermanent. >> a lot of market commentary sees the trade war as a temporary event. so the u.s. china trade make a deal, the thinking goes and that's the all clear for the markets and economy. there are indications we may be in for a more protracted state of battles it could last the balance of the trump administration >> there has been improvement on the front between the u.s. and china and a possible agreement in the near future, you know, we are worried about trade tensions escalating in other sectors like the auto sector. that's particularly damaging given that it's a highly integrated sector with the global supply chains >> consider this the u.s. skill tariffs in place with mexico and canada even after the

request to the wto, the world trade organization, is exaggerated. tariff request from the white house includes everything from helicopters to olive oil to cheese, ski equipment, and motorcycles. u.s. trade rep robert lighthizer says the u.s. will implement the tariffs after the wto gives the final go ahead this summer we are still a ways off. >>> we are just getting started here on worldwide exchange up next, tackling sky-high drug prices congress holding a big hearing on capitol hill today to take on soaring bill prices. we'll break down what's at stake. later, one of america's biggest casinos is doubling down down under. we'll tell you about wynn's g bi bet on australia, mate, when worldwide exchange returns the cloud i need? it has to keep up with sales, supply chain, inventory - ♪ ♪ it needs to track it all, from cincinnati to singapore. ooo! ♪ ♪ and protect it all. customer records, our financials, they better be secured. but i also need easy access, to manage data across my clouds - no matter where it lives. ♪ ♪ so if an auditor shows up, i can be a step ahead. that's the cloud

trade sanctions, that comes after the white house issued a proposed list on e.u. products on which it may impose tariffs. this morning the president tweets "the world trade organizationt the european union subsidies to air bus has adverse ri impacted the united states. >> $11 billion how much is that a shot across the ballot we got so many trade things in motion right now, mexico and europe remember when we thought that europe was solved and china is not solved this market is amazing to me there is so much up in the air it is still ticking. you know even three months, i got to wait to see something happens. >> china is still up in the air. >> it is funny six months ago, the market may have a different feel for it it is going to get done. >> right >> i obviously, we all talk to people from both sides i think there is a sense that everybody does want a deal right now. >> why >> why would china want a deal >> the chinese like the momentum and because they think they can fool us. >> well, today the south china morning post, the fruit is not yet ripe that's their language. >> adam and eve? >> that side may have to pay an extra price. >> what is this? i am not talking abou

the white house threatened to target $11 billion of european goods to tariffs -- both disputes stem from 14-year-old parallel disputes at the world trade organizationider trump nominating his daughter ivanka to be head of the world rank. the president told "the atlantic " magazine she would've been great at that because she is good with numbers. he also considered her for the job of u.s. ambassador to the u.n.. he said he was persuaded against it because of the appearance of nepotism. mitch mcconnell admits it is tough for congress to respond to the murder of saudi journalist jamal khashoggi. the reason, the u.s. alliance with saudi arabia. the senate did pass a nonbinding resolution, putting responsibility for his okies death on the cracked -- four jamal khashoggi's death on the crown prince. the president of ecuador is criticizing julian assange. he calls him a bad mannered guest during his seven years living in the ecuadorian embassy in london. the president said he hit embassy security guards. the embassydragged and arrested yesterday on u.s. charges. that happened moments after ecuador revoked his diplomatic immunity. he had been at the embass

a landmark ruling with signals towards the white house the world trade organization decides national security concerns can be a valid reason to put up trade barriers very recent u.s. president don't trump sides when it comes to his trade disputes the ramifications also coming up patience is running out in pakistan where inflation is now running at a five year high. and good to have you with the world trade organization has issued a landmark ruling on national security claims in disputes the decision could have major implications for u.s. president donald trump's trade policy the ruling involved ukraine.

the white house trim called on some countries such as germany to spend more on defense stoltenberg is visiting washington for events to mark nato seventieth anniversary. more turbulence ahead the world trade organization is cutting its global trade growth forecast by nearly a third and the international monetary fund is trying in as the list of issues weighing on global trade only seems to be getting longer also on the program china is moving and shaking on the african continent again this time building and financing airports in the ivory coast city of abidjan and show you two entrepreneurs in india shirts and dresses made out of textile waste are making that an impact as environmental awareness is. going to have a. political instability the persisting trade conflict between the united states and china and the chaotic proceedings surrounding an increasingly likely no deal all are taking their toll.