, and that is why the asean, and that is why the asean economies may, if you look at a particular scenariouse production could shift to the asean economies. at the same time, you need to note that many american companies, including tesla, operate in china. what would be the consequence of high tariffs on china when american companies are also going to be hit hard? so they are some of the unknown issues that we need to wait and see. but at the end of the day, protectionism is not good for the global economy. not good for the global economy-— not good for the global econom . , .,, , , not good for the global econom . , , , ., economy. given those pledges of 6096 economy. given those pledges of 60% import _ economy. given those pledges of 60% import tariffs, _ economy. given those pledges of 6096 import tariffs, do _ economy. given those pledges of 6096 import tariffs, do you - economy. given those pledges of 6096 import tariffs, do you see i 60% import tariffs, do you see companies like tesla, apple, with factories in china, re—shoring their goods to the us or do you think it will not have a

in china, because production could shift to asean economies.that many american companies, including tesla, operate in china. what would be the consequence of high tariffs on china when american companies are also going to be hit hard? so they are some of the unknown issues that we need to wait and see. but at the end of the day, protectionism is not good for the global economy. given those pledges of 60% import tariffs, do you see companies like tesla, apple, with factories in china, re—shoring their goods to the us or do you think it will not have that impact? we don't know. again, depending on some political issues in the united states, given elon musk�*s involvement in the new administration. as well as the opportunities in other parts of the region. such as the asean economies, we think. markets in asia up for the most part. thanks for watching business today. hey, it's lucy with the catch—up. tonight, huge delays for women's healthcare, professional mermaids and reunited after five years. but first tonight, 24—year—old harshita brella from

why couldn't he do that with asean? that with asean ? that that with asean?tep ahead for asean and for the us and it will change the conversation from how high can we move tariffs or are there areas where we can we co—operate? so we can try to get something. turning to india where we are following the latest after us prosecutors charged after us prosecutors charged a tycoon and other adani group executives with forward. shares of the empires with printers extending from ports to renewable energy have been hit. kenya's president has also cancelled two major deals with adani group. tell us about the fallout. for both investors as well as partners, the confidence has shaken and we saw that in the stock market reaction yesterday where all of adani group stocks were battered and the group lost more than $14 billion in market valuation. it is also hurting business already. the bi . . est hurting business already. the biggest impact _ hurting business already. tue: biggest impact on hurting business already. tte: biggest impact on fallout has been the kenyan governm

defense engagement with asean. it's focused on practical cooperation and mutual respect, and that includes training the next generation of leaders and tackling emerging challenges and deepening maritime cooperation. i'm also pleased to announce the second asean u.s. maritime exercise for next year, which asean member states approved earlier today and i look forward to meeting with key allies and partners. now, i regret that the prc chose not to meet here. the prc's decision is a setback for the whole region. as i've said consistently, the right time to meet is any time. now, before i get to your questions, i have one more announcement. later today the white house will be announcing additional security assistance for ukraine worth up to $275 million to meet critical battlefield needs, and that will include munitions for rocket systems and artillery and anti-tank weapons. and with that, i'm glad to take your questions. iraq -- reporter thank you so : much for doing this. i hope you're ok with this question. aaro chie

such as the asean economies, we think.ires pay their fair share of taxes. in their final communique in rio, they committed to closing loopholes that allow the wealthy to avoid tax. the document also focuses on a new alliance of more than 80 countries to tackle hungry and poverty, which the brazilian president called for. however they couldn't agree on funding developing countries to address climate change and displacement. that is all for this edition, stay with bbc news. but first tonight, 24—year—old harshita brella from corby had her whole life ahead of her. harshita was a victim of domestic violence. she'd been in touch with police, and in september they put a special order in place to protect her. but on thursday, her body was found in the boot of a car in east london. police believe that her husband, pankaj lamba, murdered her and fled the country. now there's a massive international manhunt to find him. anyone with information is being urged to contact the police. and if you've been affected by anything in this stor

why couldn't he do that with asean?p ahead for asean and for the us and it will change the conversation from how high can we move tariffs or are there areas where we can we co—operate? so we can try to get something. when it comes to the us economy and its impact it reverberates around the world, fiscal policy is something we are closely watching within the us. we know thatjerome powell, the fed chair has had some disagreements with trump on how things should go, how do you think that will move forward? well, i think the us fiscal opposition will deteriorate. because of trump's tax policy. the fed holds steady, i don't think they will fight it but i don't think it has enough clarity to make any kind of movement that inflation is comfortable enough that he can reduce rates so the fed hold steady. you can follow more of our coverage on mr trump's picks for his administration on website bbc.com, or on our mobile app. beijing has responded to the threat of tariffs from president—elect donald trump. wang shouwen — china's vi

why couldn't he do that with asean?tep ahead for asean and for the us and it will change the conversation from how high can we move tariffs or are there areas where we can we co—operate? so we can try to get something. beijing has responded to the threat of tariffs from president—elect donald trump. wang shouwen — china's vice commerce minister said china will be able to "resolve and resist" the impact of external shocks. since the campaign trail days, the incoming president has been talking of imposing levies of up to 60% on goods from china. turning to india, where we are following the latest after us prosecutors charged tycoon gautam adani and other adani group executives with fraud. shares of the empire — with businesses extending from ports to renewable energy — have been hit. the adani group has denied the allegations, calling them "baseless". the bbc�*s archana shula joins us now. archana, what has been the fallout? the investor as well as partners for both the confidence are shaken. we saw in the stock market tr

is you have a packed g-8 native north american leaders, asean and i'm i'm leaving office right. a bunch them but they you know those are set it's not your choice what the date is now you can you can negotiate on the date, but it is it a process that's done? we would down the national security advisor, the chief of staff deputy chief of staff, the comms head of would sit down and, you know, maybe twice a year and looked at a year away to where we were going to have to be when and, you know, we ended up as an example, we hosted the g8 in 2004, two months before the republican national convention in manhattan. so we're, you know, we're juggling all all of that. and it's, you know, it's so it's it's a frequently the case where you are at the mercy of your hosts. oh, we have a i had during the obama we had the naito summit in chicago right on the heels of the g8 which he was holding a camp david. i went back and forth almost nightly on a plane, back and forth between the two cities and then having to take the drive up to camp david, do the arrangement. i tend to arrangements there th

. —— asean.great opportunity to bring in the lower caste renewables and into europe. it is rewarding, creating that price for carbon and that sort of investment but also taking advantage of the fact the series, the georgians, the partners around here that are developing higher levels of renewables at low cost that they can actually deliver it. you are saying it is happening in some cases already and there are positive steps in that direction but do you think the era of trump, which could be seen as protectionist and drill, baby, drill, could undermine what is going on already? i undermine what is going on alread ? ., �* ., ., already? i don't want to overstate _ already? i don't want to overstate that. - already? i don't want to overstate that. i- already? i don't want to overstate that. i think l already? i don't want to - overstate that. i think there is the trump factor but also trump is very deal orientated and where there is a deal to be made, but these are about, the carders there this have

so you have the world cooling off a little bit on global cooperation, but at the same time we see aseanoperationun council, countries that are linked by interest, for example, some of the commodity producers. we have seen africa more interest in building africa wide free-trade arrangements. so how can we use different pathways to build better prospects for growth on the basis of trade continuing to function, although it's not quite be the same engine of growth as it used to be. the atlantic council, you have also role to play because you do a lot of this analysis of comparative performance. i think we have to be, one thing i would advise against is don't take it for granted that oh, well, this is how it is. you know? make the analysis, show the argument that the base would come. but these are the three things. one is make sure people understand the implications of the measures they take, especially industrial policy measures, and we can help.p. make sure that obstacles to the functioning of the global trade system related to wto are removed. and look at the other drivers of collaboratio

beyond that by the way really fundamentally including upgrading our partnership with all of the aseanries, with countries like vietnam who sort strategic orientation in the world is now contested by a range of other countries. i i think his increasing looking to the united states as an economic partner and baby ultimately a country with a secure relationship. those that something that was impossible some years ago. our approach to the starts by strengthening those relationships, proving overall deterrent and making sure these partners can stand on their own feet with our support. as you said the philippines in particular is a treaty ally. we have made clear the treaty,, the mutual defense treaty applies to the context of inh a there is been escalation from china in recent weeks and months and we are going to work with the philippines to defend their interests. these most recent chinese measure exercises follow a pattern in that they become bigger overtime, last a little longer and there's a few this is practice possibly for a boa constrictor scenario around taiwan come just to lower t

that isn't a proper grid that links the ten asean countries. ought to think of grid as part of connectivity. not just air, sea, internet, cables and all that but how can energy move from clean sources to countries or entities that are scarce, right? we have a confirmed uptick. we want to encourage people to crowd in to build that grid, and that will benefit singapore, but more than that it will benefit countries near and far to be able to export their access green energy, but also to develop new areas of green energy knowing that they can monetize part of what they develop. so i will give that as an example of how we ought to think about getting partners in countries, private sector, banks, institutions to try and find concrete projects that can be an example of the collaborative investment for growth that we're talking about. >> and in iceland, , as i understand, on a per capita basis iceland is the world's largest green energy producer. so what does iceland, what can iceland teach the rest of the world in terms of achieving that? and what sor

i've seen -- secretary austin with the asean meetings. could you please confirm -- [inaudible] and what is update on china? >> thanks for the question. we did reach out to set up a meeting. unfortunately that was not able to land during the secretaries travel. i would point to the fact the present just that with president xi. so conversations and meetings with prc leaders are happening at the very highest levels of government and as was in lower channels. with this department and others in this administration. come back in the room. tom. >> president-elect trump -- to world war iii than at any other time. so to piggyback on some of the questions you for today. like why can'tit president trump comment publicly on this monumental decision? there still bigger story than the use of american weapons inside russia and saying will have anything to announce today. it seems to be dodging the elephant in the room, which is why can't we get something from the podium? >> i understand the frustration, tom. look, and i said if it were to share publicly

being here is a priority and a sign of our strong support for asean's central role in regional security.

continue to strengthen that partnership first in my view, by advancing free and open indo pacific with asean at the center as to the largest democracies in the world. it seems to me our nations have a special responsibility in this vision, second, fighting climate crisis, indonesia's critical player in the clean energy transition and third, by building a secure and resilient supply chain. and finally, by deepening our comprehensive strategic partnership that includes deepening our security cooper, we'll discuss also global challenges including the gaza, the south china sea. so mr. president, we're looking forward to our discussion and welcome. we'd like to have you here. the floor is yours. >> thank you, president biden, thank you for having me and thank you, you phoned me yourself upon my election. >> it was a great victory. >> yes, thank you very much. finally i could make it and you receive me today. united states for us is a very, a great friend. the united states supported us in our struggle for independence and helped us many times in our time of need. therefore, i will work very hard

continue to strengthen that partnership, first, in my view, by advancing free and open indo-pacific with asean at its center. as two of the largest democracies in the world, it seems to me that our nations have a special responsibility in this vision. >> second, fighting the climate crisis. indonesia is a critical player in the clean energy transition. >> and third, by building a secure and resilient supply chain. >> and finally, by deepening our comprehensive strategic partnership that includes deepening our security cooperation. >> we'll discuss, also, global challenges, including in gaza and the south china sea. >> so, mr. president, i'm looking forward to our discussion, and welcome. i'm delighted to have you here, and the floor is yours. >> thank you. thank you, president biden. thank you for receiving me. i also would like to thank you you you phoned me yourself upon my election and >> a great victory. >> yes. thank you very much. >> and then, finally, i could make it and you received me today. >> united states, for us, is a very great friend. united states supported us in our struggle f

we've got a couple more days here and tomorrow, i guess we'll be in the plenary session of the asean defense ministers meeting. it should be a good day. and then we got one more leg in the trip, which i know everybody's looking forward to. thanks a lot. announcer: president biden was also what brought this week. annexes brief remarks at the opening of the g summit in rio de janeiro. pres. biden: it's going to take all of us time. it's going to take all of us and the ability to step up to take on responsibility. first it seems to me there's certain key steps. first, we have to invest at large scale to help countries meet sustainable development goals and tackle global challenges. we've made good progress boosting the firepower of multilateral development banks so they have more resources to address the challenges like pandemics and climate change. now we need to make sure the world bank can continue its work in the most vulnerable countries. i'm proud to announce the united states is pledging $4 billion over the next three years to the world bank's international development associatio