european union and mexico until june he's also reportedly recent agreement in principle with argentina australia and brazil the us announced worldwide tariffs of twenty five percent on steel imports and ten percent of aluminum in march as part of trump's america first policy white house officials say they're already in effect to china russia and japan have returned he has more now from washington. the discussions with the europeans in particular have been described as for europe holding firm that they will not impose voluntary quotas on their steel and aluminum exports to the united states as the white house is requiring and in fact the e.u. saying that they will impose tariffs on u.s. goods like bourbon and jeans and holly davidson motorcycles if the u.s. does go ahead with tariffs on their goods wilbur ross the commerce secretary was pushing for some sort of delay is convinced donald trump as for the other countries we knew actually about the u.s. and canada that was announced over the weekend the negotiations there lumped in with the negotiations over the north american free trade agreement l

european union and mexico until june is also reported to reach an agreement in principle with argentina australia brazil it's understood south korea will also be exempted. from washington. the discussions with the europeans in particular have been described as for europe holding firm that they will not impose voluntary quotas on their steel and aluminum exports to the united states as the white house is requiring and in fact the e.u. saying that they will impose tariffs on u.s. goods like bub and jeans and holly davidson motorcycles if the u.s. does go ahead with tariffs on their goods wilbur ross the commerce secretary was pushing for some sort of delay he's convinced donald trump as for the other countries we knew actually about the u.s. and canada that was announced over the weekend the negotiations there lumped in with the negotiations over the north american free trade agreement lots of positive noises but some sort of agreements maybe maybe in the works from mid may and then the three other countries that were mentioned in this proclamation argentina australia and brazil they are out of the

from mid may and then the three other countries that were mentioned in this proclamation were argentina australia and brazil they are out of the danger of terrorists as long as the agreement that's been that has been put into into play in principle is followed through within the next thirty days south korea already had agreed to putting a quarter on its steel and aluminum exports so they are also no longer in danger of tariffs the dominican republic has announced it's breaking ties with taiwan to establish diplomatic relations with china is the latest nation to cut ties with taiwan leaving the island with just nineteen diplomatic allies around the globe mainland china and taiwan spitta after a civil war in one nine hundred forty nine and a lot of taiwan sees itself as a sovereign nation it has never formally declared independence agent brown has more from beijing. well the domine can republic may be a small country but its decision to sever ties with taipei and recognize beijing still amounts nevertheless to a major diplomatic loss for taiwan it's just ten months since another small country panam

european union and mexico until june he's also reportedly reached an agreement in principle with argentina australia and brazil the first group of asylum seekers from the so called migrant caravan have been allowed to cross from mexico into a u.s. territory. that's an article high current celebrated the news as they waited their turn to enter the united states it took them above to travel from honduras el salvador guatemala vice president mike pence stressed the administration's commitment to border security. and one hundred fifty men women and many small children that are being processed at our border not far from here will be completely reviewed by our postings officials under our asylum laws and that will take place that's why we we've got to build a wall not just for the physical barrier that prevents but also because of a wall sends a very clear message that we're a nation with borders and we intend to uphold those borders and defend those borders of course in australia has ruled that one of the catholic church is top officials will face charges relating to multiple accusations of sexual abuse

the administration has reached agreement in principle with argentina, australia and brazil. decision comes as negotiators continue talks to agreement.nafta than a trump also said he is considering holding a potential meeting with north korea's kim jong-un at the demilitarized zone marking the north and south korean border. or in other countries, including singapore. speaking at a joint white house press conference with the nigerian president, he also expressed optimism that the summit would take place. he reiterated that. that he would leave if it was not successful. israeli prime minister, benjamin netanyahu, says his country has a lot of imminent documents proving that iran has a nuclear program. he is trying to give the president ammunition to pull america out of the iran nuclear accords. the u.k. is proposing a new plan to kickstart stalled brexit talks and make progress on the issue of the irish border, as negotiations resume this week in brussels. prime minister theresa may's tom of negotiators is trying work out how the u.k. and the eu should work together on the bord

from mid may and then the three other countries that were mentioned in this proclamation well argentina australia and brazil they are out of the danger of tyrus as long as the agreement that's going to that has been put into into play in principle is followed through within the next thirty days south korea already had agreed to putting a quarter on its steel and aluminum exports so they are also no longer in danger of tariffs eight asylum seekers from so-called migrant caravan being allowed to cross over from mexico into u.s. territory. and american migrants have been celebrating the since the weights that tend to enter the united states it took them a month from honduras el salvador and guatemala they were first denied entry as the u.s. president called them a threat to american security. and a visit to u.s. border patrol station in california the u.s. vice president might tends to stress the administration's commitment to border security. and one hundred fifty men women and many small children that are being processed at our border not far from here will be completely reviewed by our postum suf

the white house said the administration has reached agreements in principle with argentina, australiad brazil. this comes as negotiators continue talks to revive -- revise the nafta. is president says he planning to hold a potential meeting in the murillo try zone with-- to militarize zone north korea. speaking at a press conference with nigeria's president, trump expressed optimism the summit would take place and reiterated he would leave if it wasn't a success. is u.s. treasury secretary unconcerned about the bond market's ability to absorb rising government debt after a record amount was borrowed for the first quarter. steve mnuchin made the comment at the milken institute conference in beverly hills, california. it is a very large, robust market. it is the most liquid market in the world and there is a lot of supply, but the market can handle it. israel's prime minister has said his country has half a ton of iranian documents that prove program toa secret build nuclear bombs. the announcement gives donald trump ammunition to pull america out of the accord. iran's foreign minister

cheryl: on trade gerri: meanwhile permanent exemption to brazil, argentina and australia. the details of the deals with those countries so they finally shortly. south korea was given a permanent exemption is part of a revision of a free trade agreement. cheryl: israeli prime minister benjamin netanyahu claiming iran covered up its nuclear weapons program before signing a deal in 2015. secretary of state mike pompeo issuing a statement saying the documents obtained by israel from inside iran show beyond any doubt that the iranian regime is not telling the truth. gerri: plate irvine is at the white house with more. >> president trump has 11 days now to decide if you will stay in a pullout of the iran nuclear deal. his closest ally, benjamin netanyahu laid the groundwork for the potential ditch of the word. a live show until address monday. the israeli prime minister put forth what he claims is proof that iran is lying about its nuclear weapons program. moments after he wrapped my president trump walked into the rose garden for a news conference with nigeria's later. the pres

works from mid may and then the three other countries that were mentioned in this proclamation argentina australia and brazil they are out of the danger of tyrus as long as the agreement that's going to that has been put into into play in principle is followed through within the next thirty days south korea already had agreed to putting a quarter on its steel and aluminum exports so they are also no longer in danger of tariffs the syrian government struck an evacuation deal with some rebels in southern damascus damascus this after it launched an offensive to recapture the territory from i saw two weeks ago so you know how to reports from beirut. another evacuation deal another surrender fighters belonging to him the heat a sham an armed group formally known as al nusra front are leaving their enclave in southern damascus they were facing little choice they were under siege and under fire their families are accompanying them to the opposition controlled northwestern province of idlib where hey at their leadership is powerful but the armed group had to make concessions such as agreeing to release do

the administration says agreements in principle have been reached with argentina, australia and brazilwe are joined by kevin cirilli, a reprieve, but many are complaining because it has to market uncertainty. what does the president want to get done in that month? the president continuing to say it is because of national security that he wants to raise these steel and aluminum tariffs import. china in theed to second half of the week led by steven mnuchin, wilbur ross, ,arry kudlow, peter navarro someone who has a bit more of a nationalistic approach to economic world trade as well as the ambassador to china. president trump i think for his part is trying to figure out what exactly the fallout would be should he ultimately decide to go through with this on may 1. earlier this morning, president trump tweaking out that the situation -- tweaking out that the -- tweeting out that the situation with china must be addressed. it really has led to a level of uncertainty. particularly not only with aluminum and steel and soybeans, but sorghum in particular. with china sending ships back to the

argentina, australia, all coming to the table who want to partner with america and the more we can bring that coalition together into the negotiations, we will do fine in regards to the negotiations with china. david: we have a strong economic system, a strong system of business in the united states. the american people, are they prepared to have pain? the agricultural lobby. our farmers prepared for the fact they will get hurt because of this conflict? >> i am confident and have faith in the american resiliency and the american farmer and the american worker to recognize that if we will put up with unfair practices at the cost of long-term position of american strength, they see and understand what is at play here enough is enough regarding the policies that put us into this position and we need to grow like the rest of the world. american people understand that and are willing to engage in this with us, so long as we all look at the long-term goal, to allow us to compete on an even playing field. we win. the american people will stand with us in this fight. shery: you talk about bringi

has reached agreements with argentina, australia and brazil. details finalized in the next 30 days.nally south korea was on that exempt list but the south koreans made a side deal last month after he announced those tariffs to be imposed. the south korean deal will be finalized tonight. also mexico and canada still in negotiations with nafta. this 30-day postponement allows all sides to hammer out a and aa deal and try to get that done. one country not on this list at all is china. china already has the tariffs imposed on them. we have a number of people going to china on thursday to hammer out a trade deal with the chinese. they're very concerned because of their trade imbalance that benefits over china over the united states. chinese saying they're removing exceptions on tariffs for the united states, 128 u.s. products to be exact in retaliation for the tariffs that we improse impn fem. them and their tariffs are 25% to fruit and pipes that go into the chinese economy. president trump said that he would make a deal with any country that wanted to come forward and make a fair trade

argentina, australia, canada, chile, the u.s., and mexico will not recognize the election results fromla residential vote this weekend. -- you and deputy secretary of state john sullivan was among leaders from those nations he said today there considering political and economic sanctioning measures against that regime. is cruel new relation of the democratic process. to further enrich handful of supporters at the expense of the venezuelan people. we call on the regime to restore democracy for a true and free electoral process. mark: venezuela's official election results gave president maduro a larger percentage of the vote than any other candidate running for head of state in that country since 1958. an inquiry is underway into last year's deadly tower fire in london. friends and relatives of the victims will give statements over the next two weeks. the inquiry began with 72 seconds of silence to honor those who were killed in the tower last june. 70 others were

and mexico until june is also reportedly recent agreement in principle with argentina australia and brazil it's understood south korea will also be exempted. lots more news from if you want it of course on our web site al jazeera dot com is the address you need up next here on al-jazeera program i knew bin laden i'm back top of the with the news for you sixty minutes of news and comment. while in sudan bin ladin remained politically active. for most of the nine hundred ninety s. he maintained an office in london named the advisory and reformation committee. the office was believed to have been involved in distributing literature critical of the saudi regime. following bomb attacks in riyadh and hobart and saudi arabia sudan started to come under increasing pressure to expel its controversial guest. investigators believed bin laden was tied at some level to both attacks. it will not hold. somalia was where bin laden chose to open up his first front against the united states. in one nine hundred ninety two the marines were sent there on a relief mission. bin ladin provided on's and expertise

european union and mexico until june he's also reportedly reached agreement to in principle with argentina australia and brazil now the u.s. announce a worldwide terror of twenty five percent on steel imports and ten percent on alinea back in march as part of trump's america first policy also hundreds of vibrance are still waiting at the mexican border with the us to find out when they can apply for asylum u.s. border officials have already turned away saying it's immigration holding area has reached full capacity. three hundred fifty victims of modern day slavery have been rescued in a major in poll operation in the caribbean central and latin america twenty two arrests were made across thirteen countries in a crackdown that took thirty months to prepare the victims were sexually exploited forced into labor without pay you can follow those stories on our website at al-jazeera dot com back with more news in thirty minutes to stay with us next the war coming on china. these american bases form a giant moose in circling china with missiles bombers warships. if you were in beijing looking out he stood

brazil, argentina and australia also got a delay in order to finalize an agreement on quotas. australe yawn prime minister welcome the move saying the agreement reflects the trade relationship australia shares with the u.s. the iceu,o and carbon dioxide have insisted they be not accept quotas to gain permanent exemptions. >> last night's decision isnl cert a step forward. canada will continue to work for full and prermt compensatoex n uncertainty till the end of the month, with this new deadline now at ars collisione with another potential set of tariffs. this one on high tech imports from china. a team from the trump administration, including ross, treasury secretary, steven mnuchin, peter navarro and trade representative robert lighthouser is heading to china fo talks. >> i know we were hoping but not alwayspe l. it's a big big challenge. all right. there's a very different system over there and it's aysm that has, in all honestly work pretty well for the chinese. it has not worked well for us. >> business leaders are hopeful this administration can settled the t dispute wit

the white house says the administration has reached agreements with argentina, australia and brazil.dministration continues talks to revise the north american free trade agreement. the trade secretary says he is unconcerned -- a record amount for the first quarter. steve mnuchin made the comment to bloomberg in beverly hills, california. >> it is a very large robust market. it is the most liquid market in the world. there is a lot of supply but i think the markets can handle it. nejra: wilbur ross joins us from the conference after 6:30 p.m. u.k. time. donald trump has said he is considering holding a potential meeting with kim jong-un at the demilitarized zone marking the north border with south korea. speaking at a joint white house press conference with the nigerian president, trump also expressed optimism that the summit would take place and reiterated he would leave if it wasn't a success. jeff bezos and blue origin have tested its new shepherd booster. .t is the eighth test it is named for alan shepard, the first american in space. global news, 24 hours a day, powered by 2700 j

they did give some permanent tariff exemptions to argentina, australia, brazil and south korea.aid that it would cut its steel shipments by 30% from last year in exchange for not being subject to the tariffs. it is still subject to those tariffs on aluminum. that's quotas. we're hearing the administration is really trying to focus here on quotas. getting companies to limit their shipments. the big problem here is that so much of this oversupply is coming from china in the first place, right? you still have to tackle that part of the story and again, a bunch of these trade negotiators for the white house will be going to china this week. the president's top money man and when you look at the list there, what strikes me is these guys are not necessarily all on the same page about how we should be handling trade negotiations with the united states. they will speak in the same voice for the president and the president's been clear that he wants tariffs and he wants the u.s. to fight back. you've got a couple of globalists -- a globalist is not a dirty word folks. >> the chinese nego

as we broke the news, argentina, australia, and brazil all made deals in principle yesterday. the details will be finalized in the next 30 days. south korea made a deal and it was finalized to avoid those tariffs that leaves the europe and china. but the european union is a different story here. as we know the french president and german chancellor were here talking to president trump trying to get them to back off those tariffs. senator joe lieberman says the u.s. will actually need the european union going forward. >> i don't think he wants to get into into a trade war. with europe. i think he also wants to have the european leaders stand with him in these other negotiations which are different, because unlike the europeans he is dealing with enemy, adversaries of the u.s., iran and north korea. reporter: for some china could also fall into the category and president donald trump tweeting out this morning about china, sending a delegation there. the meetings start tomorrow, saying they will address the massive trade deficit. steel and aluminum tariffs were imposed on china l

we saw countries like argentina, brazil, australia, probably mexico and canada made accommodations to u.s. demands that the e.u. is holding the line in particular on one particular point. the idea of export restraints or quotas on how much they are willing to export to the united states. i think that could be a sticking point as a problem for u.s. europe relations when there's a lot of other issues on the table between the two major economies. europeans are not comfortable with some of the sanctions we've imposed on the russians. they are not comfortable with the u.s. talking about pulling out of the ivory and deal. they actually want to team up with the u.s. on china, but they don't feel like they can do that in a moment we are talking about putting tariffs on their own exports. i think we have to focus on the e.u. and that is what is going to be the focus through next june. dagen: let's talk about china because yesterday in your newspaper on the front page you were talking about this trade delegation going through china. there is no advance team sent ahead including secretary of the

aluminum they also said they were lifting the levy for australia, argentina, and brazil. white house did not say why they were temporarily extending the delay. said thatabee sanders the white house saw progress and they just needed more time. so perhaps they are trying to use it as a negotiating technique and some of the other things that are going on right now on the trade front. that remains unclear. there are a lot of questions. what about the international response? greg: the first thing to note is that every country is seeking a permanent exemption from the levees. nobody wants the levees on steel and aluminum, especially not canada and mexico. for them, they did not get the permanent exemption. the eu has been pretty clear that they see these tariffs as illegal. they have threatened to retaliate and at times a have threatened to retaliate on iconic american goods like kentucky were given or harley davidson motorcycles. said -- angelael merkel said they certainly expect it. theresa may said the u.k. raised concerns over what would happen to global trade given the tar

discussions on revise trade agreement pickett says it's also reached agreements in principle with argentina, australia and brazil on steel and aluminum. >> live coverage here on c-span2 continues this afternoon with a look at the future of college sports at the potential implications of paying athletes. speakers include former college basketball coaches and players, ncaa officials and sports law experts. we will take you there live at 12:30 p.m. eastern time. we will have today's white house briefing with press secretary sarah sanders. first briefing since the white house correspondents' dinner. and on c-span deputy attorney general rod rosenstein will give remarks on the rule of law, the first amendment and the mission of the justice department. you can watch that live today at 2 p.m. eastern on c-span. >> monday on landmark cases a case on capital punishment greg versus georgia tech in 1976 troy lee on craig a armed robbery and murder challenged his death sentence. his case and four of the capital punishment cases were considered by the court. the supreme court ruled against him but establish strict

. >> tonight the white house announced preliminary agreements with argentina, australia, and brazil thato avoid the tariffs at least for now. that of courses in addition to the permanent exemptions on steel tariffs that have already been granted to south korea. the white house says in these negotiations come the administration is focused on quotas that it will restrain imports, prevent shipment and protect national secured he. wilbur ross says these countries are going after she was either tariffs or quotas. so far, canada, mexico and the european union you have refused to agree to the terms. an hour ago a spokesperson for the british government released a statement that said we will continue to work closely with our e.u. partners in the u.s. government to achieve a permanent exemption. they are still refusing to back down but so is the president. now we have 30 more days to see if either side is going to give. >> shannon: we will see if there's another extension. past the 30 days. we are making some progress. still a ways to go. thank you for tracking at all. >> my pleasure. >> shannon:

to be very complicated however a permanent solution could be reached other countries did it australia argentina and brazil reached permanent agreements with the u.s. on this do you think that could be a base for negotiations for the e.u. . this is this is complicated because we looked into australia here and the thing is they didn't change anything they didn't negotiate anything they still have the same free trade agreement they had before with the us the only difference here is that the us has a trade surplus with australia and of course the situation with the european union is exactly the other way around that's why the u.s. might be insisting all right national fund from brussels thank you very much for the analysis. now in the wake of the financial crisis the european union's economy is finally moving forward again although slowly millions lost their jobs in the crisis and many countries record unemployment is falling again to pre-crisis levels but rates vary from country to country let's take a look at some of them germany remains the economic powerhouse with three percent unemployment onl

european union and mexico until june he's also reportedly reached an agreement in principle with argentina australia and brazil the us announced worldwide tariffs of twenty five percent on steel imports and ten percent on alinea back in march as part of trump's america first policy white house officials say they're already in effect for china russia and japan as cross over to washington d.c. where she had returned says the latest for us what does sort of the delay of one month mean in reality she has. it means that the commerce secretary wilbur ross who we understand was also going for this delay has managed to convince told trump that there is still a chance of some sort of deal we know that the discussions specifically between the e.u. and washington have been described as fraught the e.u. holding firm saying it will not impose voluntary quotas on its steel and aluminum exports to the u.s. the u.s. is asking for about ninety percent of last year's exports it's been reported the e.u. says no that's against the rules it's about precedence it's against the world trade organizations rules so we're jus

presidents also reported to have reached agreement in principle with argentina australia and brazil and south korea might also be exempt despite fears of a trade war the us terrorists were due to be implemented on the first of may germany is among countries hoping for a compromise the will is the only interim government has acknowledged the decision of the us president i am firmly convinced that in interest of jobs in germany in europe and in the us we need long term provisions then that raising tariffs is the wrong way we need fewer not more duties in the global trade we need open multilateral and fair world trade. the dominican republic is breaking ties with taiwan to establish diplomatic relations with china the caribbean country is the latest to abandon taiwan leaving it with just nineteen diplomatic allies worldwide china split with the island after the civil war in one nine hundred forty nine while taiwan sees itself as a sovereign state it's never formally declared independence from beijing. well the dummy can republic may be a small country but its decision to sever ties with ta

it comes to the european union and in theory, there is a deal that has been reached between australia, argentinal, the big countries granted these temporary extensions. we are not sure if there will be one similarto we are not sure if there will be one similar to that which was struck with south korea. there was a bilateral trade agreement between the two countries in which south korea agreed to lower its tariffs on imported cars in exchange for being exempt from these tariffs are being subject to import quotas as world. perhaps that is the outline of the deal that other countries have agreed to but we don't know if that is the case yet. the european union has said they would not agree to any deal in which they would be subject to steel quotas. everyone will be waiting and watching over what happens. as to whether or not these countries will get an extension. when you take all these exemptions together, it accounts for two thirds of steel and aluminium imports. one has to wonder exactly what the trump administration is doing in suggesting these tariffs. he wants to protect the us steel and alumi

we know some sort of exemption in principle has been agreed for brazil, argentina and australia.ot know the details, but it is likely that will be some sort of commitment toa that will be some sort of commitment to a voluntary export restraint. most of the time we talk about steel, we talk about aluminium, but other goods, the devil is in the detail, you were saying earlier, like beef products, it could throw in real issues. a certain amount of speculation that the us might be interested in more thanjust speculation that the us might be interested in more than just these export restraints on steel and aluminium, with the eu, there has been a suggestion that perhaps some sort of movement on the eu's tariffs on american car imports, io% sort of movement on the eu's tariffs on american car imports, 10% from any destination, which is relatively high, and certainly something that does irritate president trump and the american motor industry. also, beef, as you mentioned, the eu has a duty—free quota on american beef imports relating to a very old trading dispute and one possibility mi

midnight tonight also, he said there is another bucket of other countries that are involved, argentina australiathere's been arranged limitations on the volume that they can ship to the u.s. in lieu of tariffs. while exempted from tariffs they'll be subject to constraint in terms of volume and we're saying in a few cases, it has changed from tariff to volume and the objective, wilbur ross saying that the president's campaign trail promised to fix u.s. trade deficit problems remains in effect and this is the president acting based on that campaign promise and his approach to the world. he said that the reason for the deferral here in terms of canada and mexico were because of the nafta talks which are ongoing. he said those talks are taking longer than we thought and therefore they were added to the list of those who had the bare tariffs and then on the eu, wilbur ross, the commerce secretary said that they had made some progress in talks and apparently not enough progress because they have also added to those who will bear the tariffs and a new development from the u.s. will see whether the pres

the eu, canada and mexico another 30 days to negotiate agreed to permanent exceptions to argentina, brazil, australiand south korea. this comes just days after french president emmanuel macron and german chancellor angela merkel. strategic items from the home states of speaker paul ryan and majority leader mitch mcconnell. this extension also gives the white house more time to work on another trade deal with china. treasury sec stair steve mnuchin, larry kidlow and wilbur ross. this is a high stakes meeting and it starts on thursday. >> that's not only our major news. possible obstruction of justice is the dominant theme dozens of question the special counsel wants to ask president trump. they obtained a list of four dozen questions robert mueller has for the president. the questions focus on the president's motivations for key decisions on whether he obstructed russia investigation. our coverage begins from washington. >>> p president's legal team composed a list of nearly 50 questions following a meeting last month special counsel robert mueller investigators to discuss a possible sbrier with the p

we first broke the news, argentina, australia and brazil all made deals in principals yesterday, detailsnalized in the last final days, south korea made a deal last month and finalized yesterday to avoid tariffs, that leaves canada, mÉxico and european union. the u.s. is in tough trade negotiations with nafta, the 30-day extension will allow trade representatives to possibly finish the deal. the european union is a very different story in all of this and last week as you know the french president macron and the german chancellor were here to try to implore president trump not to impose the tariffs on the european union. they believe that they should be exempt from the tariffs because of national security reasons plus close ally with the united states the commerce secretary says that this is actually opened a broader talk with european union for a wider trade relationship deal that could be made with countries above anything else the bottom line here is the trade tariffs are the call for tariffs have brought a lot of countries to the table, neil. neil: edward, thank you very much, my frie

announcement that the terrorists would be forced phone to the white house also announced that at least australia argentina and brazil have let's say a permanent solution so they won't have the tariffs but they didn't say which details they negotiated with them it could be a model for the e.u. to follow we'll still see those details ahead in the coming days all right our business editor javier gave us thank you have you will be talking about later in the show thirty. now to some other news a judge in australia has ordered the country's highest ranking catholic cardinal george pell to stand trial on multiple charges of sexual abuse alison most senior member of the catholic church to be tried on such a charge as details about the allegations have not yet been made public but police it say they are historical sexual assault offenses dating back decades how last pleaded not guilty. and let's bring in did have his daughter herman who is standing by for us in sydney with more on the story hi dieter what do we know about the allegations against cardinal pell and the charges that he's facing. unfortunately unfortu

the us has also reached a deal in principle with argentina, brazil and australia. -- until.us imports of steel and 10% on aluminium. a former senior executive at the uk software firm autonomy has been convicted of fraud in the united states. it is the firstjudgement in a legal battle that has raged since hewlett packard bought the firm in 2011. former chief financial officer sushovan hussain was found guilty of artificially inflating the firm's financial position before it was sold. mr hussain's lawyers say he will appeal against the judgement. whatsapp chief executive jan koum has quit the popular messaging service he co—founded. in a post on facebook, he said he was "taking some time off to do things i enjoy outside of technology". however, according to the washington post, mr koum had clashed with parent company facebook over whatsapp's strategy. rbs shares are down just a smidge, keep an eye on that, we expect movement after the news of the closures filtered through. and a strong set of figures here,. more now on the local elections, which take place in england on thursd

government in principle with countries like argentina, australia and brazil on maybe some of these alternativesleaves open that possibility of reimposing some of the tariffs. a senior administration official did tell cnbc that that decision period for 30 days as well is going to apply there. one person briefed by the administration told cnbc quotas are part of the discussion there as well. the u.s. economy slowed down in the first quarter 2.3% growth. its weakest pace in nearly five years, but it's a seasonal quarter. the first quarter gdp is always seen as weaker of the four quarters so if it stays that way it could cast a little bit of doubt on whether or not the stimulus from that tax cut and jobs bill will flow through. for right now it's too early to call but some folks are wondering if we are going to see the full impact from that as well. and then just some quick comments, you know, senator marco rubio made some comments over the past weekend with regard to how he felt those tax policies were kind of working. a couple interesting things that he said in this particular interview with the

on march 22 he exempted the eu, argentina, australia, all these other places through may 1 and on mayhalf of what he had originally planned on and then he granted a one-month extension through the beginning of june, which is tomorrow, to eu, mexico, and canada. and what we think will happen today is he was trying to get something out of the eu. eu will turn out and retaliate with its own set of tariffs and we'll have a trait war with one of our closest allies. so if you look at another trade example he had to deal with, you've seen a similar pattern of internal fighting and confusion and different policies so he started with $50 billion of tariffs on china, he tripped dun, didn't just double down, two days later he announced another $100 billion, mnuchin went on fox news and said we're putting the trade war on hold and said we'll negotiate and then we -- a week after that we released a final list of tariffs on the imports and then navarro who is a bit of a wing nut on the trump administration said it was an unfortunate soundbite and we're back to a trade war with china. then if you lo

keep in mind, negotiations worked out with australia, argentina and brazil, all exempted. so 30 more days to go before she said she didn't expect these negotiations to continue, that there would be an answer. the uncertainties were rattling stocks earlier today. steel stocks down even with her comment that most likely deals might be struck within 30 days to exempt our friendly nations here. u.s. steel down 4%. ak down 5.75%. new corp down 2. other steel stocks seeing a lot of red. no mention of the white house correspondents dinner which was controversial. none of the white house correspondents picked up on that question to ask sarah sanders, but let's get to the broader market. action on wall street here. we were down more than 300 points for the dow jones industrials. you can see that stocks seem to be really staging somewhat of a comeback at this hour. the dow down about 121 points, but can you see that we have the nasdaq, pretty much either flatline or slightly higher. nasdaq up 38, the s&p just flat at the moment, up and down above the flat line, it was green earlier.

tariffs were supposed to take effect today by the white house has reached deals with argentina brazil and australia. very important country to avoid tears. white house press secretary sarah sanders said there's a strategy to the extensions. >> we are extending those negotiations because we have made some progress but i'm not going to get ahead of what that may look like that we have 30 days to continue in those negotiations and hopeful we can get something that works for everybody. david: we saw evidence of this in steel stocks which are way down today so apparently it might be bad for steel for one day but it's good for the overall economy and i'm wondering why, maybe that's what the dow responded to at the end of the day. >> i think what you have is a little bit of confusion in that. we don't know how that's going to end up in a could be one country not giving another country that in one country says one thing and the other says another sordid daily basis -- i don't know what they are doing going tit-for-tat as long as and up in better shape as we move forward. as long as they know what the heck

reached a trade deal with south korea and has preliminary agreements with austral australia, argentinan at midnight pretty dramatic and the president delaying those tariffs on key u.s. al lice, at least for right now. the white house introduce metal tariffs. with hours to spare, the white house extending them. now the u.s. and its allies have more time to negotiate. the white house says it is focussed on quotas to both curb imports and protect american national security. the eu says it will retaliate if the tariffs go into effect targeting $8 billion in u.s. exports including strategic items from the home states of speaker paul ryan and majority leader mitch mcconnell. this extension lets the white house focus on the other trade battle china. president trump is sending its top economic officials to beijing for trade talks including wilbur ross, stephen mnuchin and larry kidlow. china and u.s. are threatening each other with billions of dollars of tariffs. it starts on thursday. chris, it's a very big deal. we had $150 billion in tariffs that the united states promised to slap on china.

we reached deals with south korea, australia, argentina, brazil on importing steel.e weren't able to negotiate with canada, mexico, eu and china because they didn't believe we were going to impose, eu, canada, mexico didn't believe we would reimpose the sanctions. they tested the president, much as kim jong-un did. they found out this president sticks to his guns. they have constituencies they need to satisfy. they will be screaming at top of their lungs that this is unfair and they will retaliate. what we need to watch are they at the table negotiating? if they're at the table negotiating we'll get a deal done. it will be better for the united states. there will be free trade and fairer trade and that's the goal. trish: doesn't seem like we're asking for that much, dandy. >> no, not at all. trish: if we're not putting tariffs on them why are they putting tariffs on us? >> look at cars from europe. there are hearings and opportunities for comment. when you're selling a mercedes-benz or mercedes, when german manufacturers are selling those cars in the united states, i

few --ore than a >> what can you tell us about the deal with argentina and australia and brazil?ee to a quota? secretary ross: our objection is to keep that objective and deal with reduction. -- production. where interested in mechanisms that countless that. there are all kinds of mechanisms. >> do we know how much they will export to the u.s.? ross: i couldn't hear you. >> do we know how much they will be able to export to the u.s.? secretary ross: we know they have been exporting and it is a matter of negotiation. >> the weiss house -- the white house granted some exemption. for investors trying to understand the decision, what can you tell us about whether it was trade given or other elements involved. ross: south korea will retain a 10% tariff on aluminum, and on steel they agreed to a system that is 70% of their average from 2015 to 2017. that accomplishes about the same thing that the tariff would have. i would not say by any means that they were exempted. it simply was an illustration of another label that achieved the same perspective. >> is it permanent? secretary ross:

do is income transactions where we can strengthen our strength in each given country, as in australia, argentina and maintain our discipline and focus. francine: overall does the european insurance sector need consolidation? mario: i don't think so. we are in the middle of fundamental industry transformation. consolidation does not solve issues, it does not make it easier for any of us to confront the issues of the transformation. the transformation is driven by consumers and technology. the size of the company doesn't matter, for companies. what we have to do is without distractions, in the shortest possible amount of time, serve customers with the new technologies as they expect us to do. everything else is. a distraction and does not help us. if you have a strategy and a plan to optimize it works. if you do not, m&a, has always happened, it is a nice way to push things forward and have shareholders forgetting about the fact that you do not have strategy or a plan to improve. tom: mario with us. lots tocontinue here, talk about including equity markets. on radio, your morning briefing coast-to

. >> if you see they got deals they wanted from south korea, australia, i can't argentina, brazil, they see nafta going slower than they thought it would, he wants to put the pressure on. if they're not coming to the table fast enough this is one way to heat up the discussion. neil: in heating up the discussion you also risk slamming down the discussion. it brings down hard-liners in each of these countries including by the way, china, who are saying we're sick of this game. there is always the risk that happens. the president falls back, they need us, these countries much more than we need them but where do you see it ending up? >> i think it has got to resolve itself because these are also our allies we're talking about, and -- neil: particular distaste for germany though. threat of not buying any germany luxury cars. >> when you bring cars into the equation that will make things difficult. talk about canada and national security, nato alliances and national security, they have an argument to be made, how are they the threat? they are going to make that argument in the wto. that will

argentina, poster child for getting hit by investor concerns, key rates to support its currencies. on daybreakr was australia he said about the wrist to emerging markets. >> we saw with argentina confidence can shift rapidly. dire thisst year, year. i worry that things can be fragile. a lot of concerns things can change rapidly. kathleen: there is an old saying, when the tide goes out, that is where you see the rocks. buffett one said, that is when you see who has swim suits. when liquidity gets pulled away as the fed hikes rates, that is the question over emerging markets now. the onlyey are not ones hit by investor concerns. italy's bond yields are rising, populists taking over the government. kathleen: a terrific interview on bloomberg television. definitely watching italy closely. bond yields are spiking. the five-star, the league, these two parties have gotten the votes to leave the government. i have another chart i want to library.from our gtv i am having a little trouble, so we can move on. yieldss italian bond have spiked over german bond yields. the benchmark in europe has gotten wider. you can see

and the countries of the european union the white house is in deal with brazil, argentina must be done shortly australiang the countries with the white house on the alternative means saying the exemption reflects the fair relationship we share with the united states and underpins the relationship between our nations. it slammed the temporary nature of the delay eu statement saying the u.s. decision prolongs the market uncertainty. the eu should be fully and permanently exempted as they cannot be justified on the grounds of national security without a deal, the tariffs would go into effect right when the trade representative would finalize on china. that would be a one-two trade punch. we'll see what happens >> thank you >>> regeneron. meg tirrell joins us now with details. $32 billion company he started how long ago >> 30 years. >> truly one of the success stories in biotech amazing. anyway, we wonder what's going on now whether you're going to get back to $500 a share what was the top market cap? it must have been worth -- >> about 50. >> at one point. anyway, go ahead, meg. >> well, i'll tell you abou

ecologists hoped his experience would encourage politicians in australia to let people make their own decisions about. good time to borrow money in argentina interest rates have hit forty percent and the government's again appealing for help from the international monetary fund the loss on the happen prove disastrous as today's abode ripples deciders. when a site is against the government of. the i believe it is against the recent race in the price of utility services but also against the recent announcement of her request a financial help of the international monetary fund. said that this cannot continue the government has raised the prices of utility services as never before and now an agreement with the i.m.f. we know what happens when we deal with the i.m.f. it has never ended well most start in time very shocked with the news that the government is seeking financial help from the international monetary fund because it brings back memories of what happened seventeen years ago when argentina set on its sovereign debt and entered one of the worst crisis in this country's history many fear that remained with the i.m.f. where we stopped in