aaron heslehurst is at london gateway — part of the port into the capital.at your lovely face, why are you at the london games way and why is it important for the uk trade industry? the clue is in the name, here i am, i wanted to show you a ship from australia by diebold tele in the second, this is the gateway for all these big container ships to come back and deliver stuff, not just container ships to come back and deliver stuff, notjust for london but across the uk. you are looking at the msc florentine, i didn't plan this, guess first she is from, australia? i didn't plan this, guess what they are off—loading, beer, wine and meat, everything for the british summer barbecue but look, this is so important, we are talking about global trade and tariffs and taxes, what you are looking at here is the dish all i said and of globalisation, you think globalisation, you think globalisation, you think what globalisation, you think what is globalisation, you think what is it, globalisation, you think what is it, what is it, this globalisation, you think what is it,

but first, my colleague aaron heslehurst gives us a breakdown of the trillion dollar world of trade.bal trade is truly the engine of the world economy. the value of goods and services traded all around the world last year was worth more than $20 trillion. and it is extremely important for trading partners. goods traded last year between the us and china were worth $635 billion. between the us and the eu it was $718 billion. between the eu and china, that was $652 billion. over three decades the exchange of global goods and services has increased by an average of 210%. but the wto has warned that that trend is about to come to an end. it is all down to weaker exports, slowing car sales and increased trade tension. while free trade has enriched many nations, lifting millions out of poverty, many believe that the wto system is outdated, including president donald trump. he has threatened to expand tariffs on beijing to half a trillion dollars, which covers almost every product imported to the us from china. the international monetary fund has warned that rising trade tension between the

aaron heslehurst is at london gateway.ndustry. globally, $20 trillion a year in value, that‘s what these ships carry around the world, 90% of everything! 90% of everything in our life goes in or out of one of those containers. i‘m talking about the seat you‘re sitting on, the shoes and clothes you‘re wearing, the ba na na and clothes you‘re wearing, the banana and you‘re eating the televisions you‘re watching thanks to an industry that‘s been around since man learned how to float. but there are some choppy waters ahead. at the at the moment the tit—for—tat trade tariffs the industry had said it hasn‘t impacted the industry. they have other issues, further regular tree burden they will call it, they got to go greener next year. the military burden. the rates they charge, they‘ve had to lower that, 15% lower than it was this time last year —— the regulatory burden. you will for these beasts have gone up 1a%. we have a trade lawyer joining have gone up 1a%. we have a trade lawyerjoining us. you have talked about the whole us