announced a possible ten percent charge on two hundred billion dollars worth of new girls from china beijing called the move unacceptable and warned it would be false to retaliate retaliate no more war sounds i would like to stress that the united states behavior is typical trade bullying china will definitely make the necessary counter-attack and firmly protect our legitimate rights and interests i would also like to say this is a fight between unilateralism and multilateralism protectionism and free trade might and rule china stand in line with the international community on the correct side of history to protect the rules of the multilateral trade order together libya more load after has agreed to return control of major all oil ports to the internationally recognized government following appeals by regional powers as well as the u.s. france italy and britain after us forces started an offensive last month against a rival armed group for control of export terminals the fighting in the se gold oil crescent prevented tankers from docking cacio dependent economy around a billion dollars. cel

announced a possible ten percent charge on an extra two hundred billion dollars worth of goods from china beijing called the move on acceptable. the world health organization says yemen's falsity of her data has now registered the highest number of color of cases in the country about fourteen percent of cases came from the city where a saudi amorality coalition is backing the government against two three rebels. a jerk. court has found the loss of ivory veneer nazi group guilty on ten counts of murder for killing three in the early two thousand beata shopper had been on trial for the last five years for her role in the matters as part of the national socialist underground all the n.s.u. she's been sentenced to life in prison for participating in the murder of ten people and two bombings which targeted members of the turkish community there when it came is live for us now in munich and dominick says if she guilty of actually carrying out these murders or just of being associated with them. effectively she's been found guilty marcin of complicity in the acts not necessarily saying that she perpetra

beijing. well last week the united states targeted china's industrial sector going after telecommunications and high tech now the united states is homing in on chinese consumer products saying that thousands of chinese food products beauty products pet food chemicals and tires will be subject to a ten percent tariff if there is no breakthrough in the current standoff between china and the united states in total we're talking about some two hundred billion dollars worth of chinese products on wednesday morning china's assistant commerce minister reacted he said that china regretted this decision by the united states saying that it harmed not just globalization but also the world trade organization saying that china wanted to cooperate with the united states and remained committed to improving the investment climate for countries companies that want to come and do business here in china in the meantime china is looking to build and strengthen alliances with other countries that have also fallen out with the united states over trade just this week china's prime minister has been in germany talking

the tit for tat game begins trumps tariffs on china. beijing accuses washington of launching what it calls the largest trade war in history. and after a day of talks in the country britain's government agrees to a post brett citrate plan a free trade area between the u.k. and the european union. it's time for business on d.w. and how you got to get us welcome to the program china has imposed thirty four billion dollars in retaliate torrie measures on u.s. goods it was an immediate response to american tariffs which took effect as washington's clock struck midnight on friday china's measures matched the american dollar for dollar instead of making trade truly free and fair and says he wants it to be the measures could end up causing a downward spiral of trade barriers as american partners retaliates the chinese say they had no choice. the response to tariffs on chinese goods was swift. but at a meeting in bulgaria premier league was quick temper size his country's reluctant resolution to come out on top. our view is that trade war is never a sol

tried to have so the focus of talks between the european union and china in beijing european leaders warn china the u.s. and russia against a dangerous trade war this comes as the u.s. falls cases against countries that the world trade organization for retaliating against its tyrus. yemeni island of so-called choice facing a major shortage of basic needs is the military standoff between the government and the u.a.e. sets back efforts to rebuild from a tropical storm cycle makoto slammed into the island in may devastating farmland and sinking ships carrying food supplies priyanka got reports the port was damaged to the boat site months ago when. this region but not much has changed in the yemeni occupy logo of the cauldron the u.n. says sixty thousand people were affected by the cycle in may when yemen's government declared a state of emergency and more than. we have shortages mostly of food supplies including flour sugar and oils these food items used to arrive aboard ships the ships used to carry food supplies to amman answer katra five of the ships loaded with food supplies to psych

transport period isn't the only goal of this new silk road tensions are growing in the south china sea between beijing and its neighbors taiwan japan and the philippines and even with the unpredictable united states of donald trump an alternative route is becoming vital for china. the us holsteins a change president xi jinping has emphasized the great significance so chong ching for global and asian pacific logistics chongqing is to become a hub for inland logistics that will be open to the outside to. a phone call. chunk shing has a clear directive to turn away from the sea and look west. that's also symbolized by kilometers erode which marks the starting point of the new silk road. in order to supply this new route to the west with goods the city has built logistics facilities to replace the container ports on the coast. at this central freight terminal we send around a thousand can tell us every day two of the chinese provinces and two other countries. we're responsible for the safety of these operations and their mom made him on average a week three or four trains leaf a deuce in germany. carrying

chinese goods with beijing immediately counted china correspondent adrian brown has more from beijing. well more angry words from china's commerce ministry on wednesday a spokesman saying that the latest u.s. action was unacceptable and that china was shocked saying that the united states was accelerating and escalating the trade dispute with china he warned that china would take countermeasures but didn't specify what those would be but it's got many firms u.s. firms here in china worrying that perhaps the chinese government might start harassing u.s. firms here now china has also said it's going to sue the united states at the world trade organization we've heard very little from the w t o's so far remember this was the organization set up to deal with disputes just like this meanwhile stock markets here in asia have not been reacting well the hang seng in debts dropped more than two percent on wednesday morning the nikkei index in tokyo dropped also by one percent the markets are worried about inflation and about economic growth china meanwhile is taking measures to try to insulate

the next sixty minutes get ready for the ripples dog trumpet poses huge tariffs on goods from china beijing strikes back within hours for it all mean for the rest of the world. time to thrash it out the u.k. is divided government gathers to discuss its differences over brags. our fight over fertile land has killed hundreds of people we take you to set.

else a possible ten percent charge on another two hundred billion dollars worth of goods from china beijing cooled to move sceptical and warned it will be forced to impose countermeasures if the u.s. goes ahead with the terrorists adrian brown has more from beijing. well more angry words from china's commerce ministry on wednesday a spokesman saying that the latest u.s. action was unacceptable and that china was shocked saying that the united states was accelerating and escalating the trade dispute with china he warned that china would take countermeasures but didn't specify what those would be but it's got many firms u.s. firms here in china worrying that perhaps the chinese government might start harassing u.s. firms here now china has also said it's going to sue the united states at the world trade organization we've heard very little from the w t o's so far remember this was the organization set up to deal with disputes just like this meanwhile stock markets here in asia have not been reacting well the hang seng in debts dropped more than two percent on wednesday morning the nikkei inde

when washington's tariffs against china took effect on july the sixth china with tariffs on the same day beijing's move is set to impact a slew of us cultural products and industries including soybeans the u.s. exports fourteen billion dollars worth of soybeans to china yeah. oh in villa easy ana is soybean country raymond czech snyder says his crop is coming along well this year. but if the trains battle between the united states and china doesn't tend soon his market is gone check snyder says he could lose more than one hundred fifty thousand dollars thanks to the twenty five percent china slapped on u.s. imports in response to trump's tariffs. i don't know if we realize from the start how big of a buyer. you know everybody talk about the imbalance in trade but this was a really big. big deal big deal. china is louisiana's biggest export market roughly fifteen thousand jobs depend on the state agricultural exports to china meanwhile beijing says the trade conflict will have limited impact on the chinese soybean market in twenty seventeen most imports came from brazil and argentina and in early j

china-e.u. summit in beijing and of course eco-data later in the next few hours. we will get the latest read on china's gdp. this is how u.s. markets closed friday for a quick reminder. .he dow up .4% that is the highest in a month. looking at a weekly basis, the biggest weekly rise. the s&p pushing past the 2800 mark, the first time since march. nasdaq is% up -- the .3% up -- .03% up. seeing some negativity here, the british pound slightly higher. the biggest fall in a month. pound traders waiting for reaction out of theresa may's white paper and the latest read on inflation, whether or not we get the august rate hike and looking at gold futures. pretty flat. u.s. 10 year now down 2.83%. paul: concerns over trade not in thebeing reflected markets. they will dig into that later with the first guest, but first of all we have a market open. new zealand just getting underway. .25%.dex was off the kiwi dollar showing strength. aussie futures looking weaker. that is a good lead for the u.s. close friday, not filtering from the markets. the aussie dollar hanging on above

pacific are the latest carriers to change how they refer to taiwan online, bowing to pressure from china. beijingofjuly as a deadline for airlines to remove references to taiwan, and instead call the region chinese taipei. monica miller is in singapore. this is fascinating. china saying you're not allowed to call it taiwan and a lot of airlines aren't yet compliant. you just mentioned american airlines and i was on right 110w american airlines and i was on right now to see if the change has taken place, and it hasn't. they still have a couple of hours to comply with this and they say they will. again, in america people are still asleep. they say they are going ahead with this. however, i was on delta and if i wanted the same flight delta and if i wanted the same flight to taiwan, all i see is taipei and the airline code. the same goes for cathay pacific. they go as faras same goes for cathay pacific. they go as far as saying that it is a pa rt go as far as saying that it is a part of china. chinese aviation officials sent letters to 36 foreign air carriers earlier this year demanding that they say

the united states china and russia to ease global trade tensions saying there is a danger they could spiral out of control european council president donald tusk was speaking in beijing today at the opening of a summit between china and the european union comes at a time when both the e.u. and china find themselves targeted by u.s. house. it's trade tensions continue to flare elsewhere there are signs that the economic relationship between the e.u. and china remain stable the two sides say they're close to reaching a bilateral investment agreement that commitment comes as fears grow over the impact of america's unpredictability. the europe china and the. american president trump and russian president putin can give. the fact. that the architecture of the world is changing before our eyes. and to this our common responsibility to make that change for the better. china and the e.u. also signed their first joint declaration since twenty fifteen the document mentions the need to address overcapacity on the global steel markets officials also discuss plans to reform world trade organization rules based on the same day that china filed a w t o challenge to u.s. tariffs on

become the latest carriers to change how they refer to taiwan online, bowing to pressure from china. beijingve references to taiwan as anything but a chinese territory on their websites. ‘s taiwan has been self—ruling since 19a9 but china regards it as a breakaway province to be one day reunited. before we go, what are the markets thinking about today? top level talks between the usa and the european union on resolving the trade dispute, that's got the intention of the investors. brent crude oil prices up, following results showing a decline in us crude inventories. and glaxo smith kline may announce results for the second quarter, sales flat, profits are up to 6a0 million pounds. there we re are up to 6a0 million pounds. there were losses in the same period one year earlier. they've announced a major restructuring programme, in an effort to bolster research spending. so keep an eye on that. more business news throughout this afternoon. ben. thank you rachel. looking back on old photos of loved ones we've lost can be hard, but a new project aimed at dealing with grief is encouraging people t

beijing. she's finally free lucia the widow of the nobel peace prize laureate. for years she longed to leave china and live in exile but she was confined to this suburban compound for years under house arrest cut off from the world as if she were a criminal. but she never actually broke the law her only crime was being married to her husband lou szabo the late civil rights activist china had labeled him a criminal because he advocated democratic change in china. he was already in prison when he won the nobel peace prize and twenty ten he was never released this empty chair at the awards ceremony in oslo symbolized china's refusal to free him. even his wife lucia was not allowed to travel and accept the award on his behalf beijing called her an accomplice to her husband and placed her under house arrest. but i never expected him to win the nobel peace prize and i can't leave the house it's absolutely absurd. even kafka couldn't have written this with any more. fourth month. for eight years she lived under constant observation she shaved her head in protest and suffered from deep depression. only at

the rhetoric beijing accusing president trump of starting what it calls the largest trade war in economic history while trump is threatening to go further and increase the tariffs on china to half a trillion dollars. well mcbride has been following the developments in beijing over the past few hours joins us now live from there so rob how worried are chinese companies i mean some of them rely on components and goods from the u.s. right. that's right it certainly has a shaken i think businesses here in china and also more widely throughout asia given the into connectivity of the different economies here how they rely upon each other i think amongst chinese businesses especially there is a suspicion that this goes a far more than just being about trade there is a suspicion that this is an attempt by the united states to try to hold back the developing economy fast developing economy of the whole of china when you actually look at the numbers sami thirty four billion dollars worth of goods on each side is actually pretty small stuff compared with the sizes of the world's two biggest economies but it is the concern that the united states seems to be bent upon following this

let the trade games begin trumps tariffs on china kick in beijing accuses washington of launching the largest trade war in history. china hits back matching the living style giving us goods like soybeans and lobsters and the u.s. president threatens to slap judi's on everything chinese it's. and will break said spell a black day for britain's iconic black cab. and then fizzle and let's do business. the u.s. went ahead and did what it said it would introducing its levies on chinese imports that china says it's already responded with a trade measures on american goods the u.s. levies affect hundreds of chinese products cars planes and hard drives to the tune of thirty four billion dollars another sixteen billion worth in the next couple weeks that amounts to fifty billion in all that while china matches those tariffs u.s. president donald trump has said he may really turn up the heating creasing those tariffs from fifty billion to five hundred billion dollars worth of chinese imports that's roughly the total amount of u.s. imports from china last year. that's police in adolescence and r

china. but beijing downplayed the case saying she would be prosecuted under chinese law. we will not tolerate any international interference. lucia's lawyer says the chinese government's actions were all with unlawful. what's truly exceptional about lucia's case is that she can't do anything about her situation. she hasn't committed a crime there has been no judicial ruling handed down so it is simply illegal that they're restricting her movement. i mean. after years of negotiations with numerous setbacks new shabbos widow has been released but it will likely take a long time before she can return to a normal life. is in taipei and following that story when he china had rejected outside into very fit and so what led to their shells released now and what go to jimmy's diplomatic campaign plane these developments. actually according to the mention of friends who has a close relationship with her they have. actually a child claim to fully well that chairman and person in china and this time she's not coming by any of the chinese authorities so it shows that this campaign is

wall china appearing little -- they are open for talks. beijing slams washington's logic.r president trump saying brexit would kill any u.s. trade deal. salamat in hong kong. markets.loomberg markets. to just happy friday 13th. have currently a move up equityor a broad markets. look at what's going on in japan. 1.4%. a move let's have a look at what may be china and hong kong markets. >> looks like futures are higher after the jump we saw for chinese stock. this is a bare market that seems tempting investors to buy back. -- that has led to the currency being the most ever.ated rebound,ecent release shanghai stock headed to the since may. we did have the rebound read by techng asres, zte surging as well in hong kong after signing agreement with the u.s. commerce department. future is not clear. u.s. senators are pushing for be instated. to >> lot to be grappling with trade numbers. we got this string of data over days from china. beijing ander to mckenzie there. get the travel. we're expecting to get out in hours these export numbers.t then on mond

export market roughly fifteen thousand jobs depend on the state's agricultural exports to china meanwhile beijing says the trade conflict will have limited impact on the chinese soybean market in twenty seventeen most imports came from brazil and argentina and in early july china removed tariffs on soybean imports from some asian cunt. mail me away that no one wants without us soybeans we can import soybeans from south america and countries along bills and road routes to meet our needs and to present nexus were being reserves are abundant to. meet the requirements of the country at any time to ensure market stability. but. analysts say the chinese targeted soybeans because the plant has grown in many states that voted for donald trump in twenty sixteen for a large number of u.s. soybean farmers the decisions made by the white house signal bankruptcy. it's is the multi-billion euro trade deal between the e.u. and canada under threat italy's new government says it won't ratify the agreement canada says almost all of the new rules have already come into effect anyway rendering the protests pointless

the chinese stock market is down 20%, there is a lot of disinvestment in china. beijing is in a state of panic and you heard it first year -- i think they will get a deal with china before the end of the year. david: we will hold to do that. we'll bring you that -- will bring you back. traded turks are important. the end is growth -- trade and tariffs are important. the end is growth. you should take a victory lap with the president on friday with gdp growth that are than a lot of people predicted. a lot of people are also saying this is a short-term phenomenon because you have to get underlying productivity growing. what do you say to that? steve: those are the same people who said we cannot get to 3% to 4% growth in the first place. i debated these people all the time during the campaign. they said there's no way trump can get us to 3% growth. we have had 3% growth plus over the last five quarters. productivity is the key to keep sustaining a high level of growth. one of the indicators i like to look at in terms of where the economy is headed and whether this increase

whether it's senate gotto give me are unable to pay their debts towards china that they might have to turn over some of their assets to beijing is that what's going to happen you know at the end. this is indeed a dilemma for both countries actually for china many of those projects are not profitable but he has to lend the loans in order to use up some of its productivities and also export of some of the products but for the local government he also wants a developer wants a beaut of transport infrastructure and so on but then the model has become it gradually involve into this resource in exchange for infrastructure model in the end there can be some conflict in a few years one a lot of those countries default on different projects. what is your thought on this do you think china has a paternalistic attitude towards africa as the former colonial powers like britain and france stead and you know they claim they were bringing civilisation to africa is it different when it comes to china is it more subtle in that i think it's actually slightly different but what seems to be happening here is the use of finance to actually gain a

september meeting with china i think that they need to gain in china through the form of corporate it can be. difficult now donna in beijing as you hear that a lot of people in many african countries have a problem with the way china does business and several african countries have pointed to problems with large building contracts awarded to chinese companies having allegations of shoddy construction of a lack of respect for labor laws and local laws by china you know at the end of the day i guess the question is does china really care about africa. short answer is yes but not in the same way as they care about chinese people so what chinese government want is to create jobs to sell its domestic overcapacity to africa and also to get market access in this large continent and for chinese companies it wants to make money. i would i would have to say that a lot of those have a hole in our mental issues or gather tension sergeant for china it's about making money at all. you know what happens locally i think it depends on the industry it depends on the company for the many company i've talked to some of them did break the loca

at least one economist doubts french exporters will be able to sell more in china even if beijing shows the political will. the silk road infrastructure project won't really change france's trade deficit with china it comes down to competitive pricing french products are generally more expensive. with french government should be aware of this it's also a bit wary that the silk road will be used to peddle influence. that's why it shielding certain strategic sectors. of the head of the fashion hub thinks apprehensions of burgeoning chinese influence are overblown. i think we need to stop peddling these horror stories i think the situation is similar to the post world war two cario. at that time american investment in europe was also knew that despite the current trade conflict the u.s. is still an important economic partner now it's china's time we need to work together with the chinese in other words he believes the prince need to follow china's lead if they do this transshipment center will not only be a major import hub it will also open the door to expanding exports to china and now p

soybeans, ketchup, whiskey and motorcycle motorcycles and at midnight comes the showdown with china. beijingas vowed to dominate the high tech industries and china promises to retaliate on cars, crude oil and cash crops like soybeans. the big unknown, will the white house follow through on its threat to draw the auto industry into the trade dispute? something car makers say would hurt consumers. >> let's talk about that with mark preston, cnn's political analyst, matt lewis, senior columnist at the daily beast and the author of "the great revolt, inside the populist coalition reshaping american politics." selena, let's start there with your book and these trump supporters who may pay thousands of dollars more for american made cars that's hitting soybean farmers. at what point does this hit trump supporters and do they hold the president accountable? >> it's an interesting scenario. a lot of people are looking that the and 30,000 feet and saying this is going to make trump supporters not be happy, it will make them walk away from him because it impacts their pocketbook. but you have to look

we have been talking about china. beijingr retail investors from investing in what they call risky foreign stocks. new rules will affect those using the nations stock links with hong kong. joining us is bloomberg's asia markets managing editor. tell us the rationale behind these moves from beijing recently. is there an element of chinese money should support chinese companies? >> this is still a developing story, but that does seem feasible. chinese stocks are having a terrible year. what this change what effectively do, because the hang seng index compilers were looking at -- are going to include foreign companies, securities, and stocks from this quarter. china has essentially said, not so fast. we will not include them through the stock link. that will keep chinese money within the chinese stock ecosystem as it pertains to foreign companies. it will also stop chinese investors from investing in the likes of xiaomi. yvonne: this looks like another setback for the likes of xiaomi, who has the dual weighted structure, also cb

the chinese premier is hosting an annual meeting between the eu and china in beijing, as the world's cond biggest economy looks at how it can strengthen its position, amid rising trade protectionism from the us. europe's single market and china are two of the biggest trading partners in the world. eu exports totalled $230 billion last year, while china exported goods to europe worth $435 billion that's well over $1 billion a day. china has also been buying up big in europe, last year it's foreign direct investment in the continent rose 76% to $81 illion. but some in europe have been cautious of growing chinese influence. in 2016 the robotics firm kuka was bought for $5 billion — it was the biggest ever chinese takeover of a german firm. there have since been calls to make it easier for eu states to block takeovers of firms with sensitive technology. something we have seen in the us. dr yu jie, head of china foresignt at lse ideas. shejoins me. good to see she joins me. good to see you. shejoins me. good to see you. this european— china summit comes at a time when many would argue they

export markets roughly fifteen thousand jobs depend on the states agricultural exports to china meanwhile beijing says the trade conflict will have limited impact on the chinese soybean market in twenty seventeen most imports came from brazil and argentina and in early july china removed tariffs on soybean imports from some asian countries may tell me where that oh well no wonder and without us soybeans we can import soybeans from south america and countries along wilson road routes to meet our needs and at present this will be in reserves are abundant. we share meet the requirements of the country at any time to ensure market stability so these. ball. well the city. analysts say the chinese targeted soybeans because the plant is grown in many states that voted for donald trump in twenty sixteen for a large number of u.s. soil being famous the decisions made by the white house sic no bankruptcy. and just one month after a federal judge in the u.s. approved eighty enties eighty five point four billion dollars acquisition of time warner the u.s. justice department said it would appeal the decision

china. the move comes in response to beijing's decision to impose tariffs on a range of u.s. products. china is the world's biggest car market and tesla cannot afford to be priced. plans are already underway to build a factory in shanghai which would enable the company to avoid tariffs in the future . germany's b.m.w. is also planning to introduce price hikes in china that's because customers there buy s.u.v.s produced at the m w plants in the united states. the company money factor is that x. series at its plant in north carolina and each year around one hundred thousand s.u.v.s produced their go to china b.m.w. is also ramping up production in china in response to its new tariffs on u.s. imports. and yet another country is taking measures against the u.s. terrorist on steel and other minium switzerland has launched a complaint at the world trade organization in all eight w.t. all members have now started such a challenge the united states says the duty is aimed at protecting national security of the swiss economy ministry says that's unjustified the w.t. old now has sixty days to sett

repeatedly denied any wrongdoing china has responded with retaliatory tariffs after the trump administration imposed duties on thirty four billion dollars of chinese imports beijing as accuse washington of launching what it calls the largest trade war in economic history china also called the united states a trade bully in money down which we said many times that no one will benefit from the trade war but the two sides need to meet each other half way through it will lead to nowhere our position is remain consistent and is very clear the future of the twenty fifteen iran nuclear deals being discussed at a meeting of five major world powers in the austrian capital foreign ministers from britain france china germany and russia are joined by jove adds a reef of iran it's the first time they've come together since the u.s. controversially pulled out of the agreement only this year. in thailand one of the divers helping with the rescue of a boys' football team trapped in a cave has died the former navy seal lost consciousness from a lack of oxygen on his way out of the cave he'd been delivering oxygen tanks to the twelve boys and their coach the u.s. secretary of stat

beijing. it is a worrying time for parents across china. outside beijing's top children's hospital we found many still absorbing the fact the china's second largest pharmaceutical company has been producing vaccines for babies that are fake you know your god you know the people who made this fabricated vaccine should be executed right away without any hesitation they did it to babies not adults he added this mother is especially concerned her one year old son was inoculated for rabies last month he has a fever and the scandal has heightened her anxiety my son was born very weak he always has fevers now his dad and i don't know if it's related to the fake vaccines in china or vaccinations to prevent diseases like tetanus hooping cough and rabies are free but now some parents no longer trust the made in china versions. calumny to me at least three chinese vaccines cannot meet correct safety standards i would have to think about buying imported vaccine so far there have been no reports of children harmed by the vaccine or having contracted rabi

china. remember, actually, beijing 0pendoc it's carmaker market to foreign car makers this year by removing s imported to china, except that the us because of this ongoing trade war between washington and beijing. what it did was slap an additional 25% tax on us carmakers last month, effectively putting a 54% tax on all us made cars entering china. holiday giant thomas cook has announced it will stop selling trips to animal parks that keep killer whales. the firm says more than 90% of its customers are concerned about animal welfare. the two parks that it will stop selling tickets to as a result are seaworld in florida, and loro parque in tenerife, in spain. that is our twitter question today. should those holidays become a thing of the past? do get in touch, we will discuss that in about five minutes's time. japan's retail sales climbed more than expected injune due to increased spending on fuel, appliances and cosmetics, in a positive sign households are growing more confident in the economy. theyjumped upi.8% in annual retail sales. asa as a teenager in the 1980s, clem chambers created so

. >>> america's trade disputes have reached new heights with an all-out trade war with china. beijing says it had no choice but to respond placing tariffs on $34 billion worth of american goods just after the u.s. levied an identical tariff. all of this happening as the u.s. is fighting with canada, fighting with mexico, fighting with the european union over steel and aluminum imports. but with china, analysts say neither country will likely back down anytime soon. let's go live to beijing. steven channing is following the story for us. both nations trying to target these tariffs in specific sectors to make a real impact here. >> reporter: that's right. both sides' lists were not random, they were carefully considered and decided. if you look at the u.s. list, president trump is clearly going after china's high tech industries which he says has been benefitting tremendously through stealing intellectual property or forcing american companies to hand over technologies to their chinese partners. on the chinese side, soybean, pork, beef, tobacco. obviously the u.s. sells a lot of this to

beijing yet again. now moving to block china mobile here. our guest is here to talk about the top lines on the story, why china mobile? >> the trump administration trying to block the deal going to the federal communications commission and saying they should denied on national security grounds. interestingly, the application was first brought in 2011, so this is a seven-year-old application, but they are now using this as a way to try to make the case again that china has widespread theft of u.s. intellectual property and therefore china mobile and other applications like this should be denied what are called unacceptable risks for international security. david: i have to ask about gge because it is a similar company. jodi: congress has been saying not enter thed u.s. market, which has been the trump administration's policy at one point, that was the case they were making. then president trump, as he often does, shifted, saying he has made a deal with the chinese president to allow cte to invest aszte to invest in the u.s. long as it change

china has responded with its own terrorists after the trumpet ministration impose duties with thirty four billion dollars on chinese imports beijing is accuse washington of launching what it calls the largest trade war in economic history china says the u.s. is that trade towers have set the stage for a long showdown between two of the world's biggest economies the bride joins us live now from beijing rob so not surprisingly china has already responded. that's absolutely right daryn the confirmation came at the ministry of foreign affairs daily briefing the spokes person confirming that china is now issuing its own list of tariffs in response to the american tariffs that have already been slapped on it was expected it was also promised by china that they would meet these terrorist from the u.s. head on imposing exactly the same level of tariffs on exactly the same dollar amount of goods it also follows earlier strong condemnation from china of the u.s. move the confirmation that these u.s. tariffs are being put in place came noon beijing friday here in beijing and within a couple of minutes the ministry of commerce issued a statem

and china there is on your screen the address al-jazeera dot com. part of a quick check of the headlines here now jazeera beijing as accuse the trumpet ministration of launching the largest trade war in economic history after u.s. tires of thirty four billion dollars on chinese goods went into effect china's vowing counter measures setting the stage for a prolonged trade conflict between the world's two biggest economies bright as more from beijing clearly people in this part of the world are nervous we've seen stock prices only fall very slightly today but it has to be said that all of this negative sentiment has been feeding into the market and we have been seeing share prices generally go in a downward direction over the past couple of weeks in thailand one of the divers helping with the cave rescue of a teenage football team has died the former navy seal lost consciousness on his way out of the cave where he'd been delivering oxygen tanks to the twelve boys and their coach rescuers on a race against time to get the team out with monsoon rains forecast for the weekend . well in the south of thailand the bodie

china's compliance with w t o guidelines lies at the heart of the conflict notably over beijing's a legittate support for companies that are ostensibly private w t o rules permits some government support for national industries under specific circumstances in geneva on wednesday china's vice commerce minister one show when you defended china's record. we would like to call all the members to vacillate found the fundamental principles and the call fairness of the most natural trading system including m.f. and national achievement and special and differential treatment for developed in memphis and to family stand up to chait fully protectionism and unilateralism. washington's main bone of contention is that under the w t o rules china continues to self identify as a developing nation president trump tweeted in april that this allowed china to get advantages especially over the u.s. the u.s. argued that if beijing's behavior went unchecked it would ruin the world trade organization the u.s. has demanded that the w.t. o. address what it called china's failure to embrace the open market polici

just getting to that eu-china subject in beijing. ech transfers. just some headlines coming through. that's at the eu-china summit in beijing. lots more on the way. this is bloomberg. ♪ ♪ india's trade deficit widens the most in five years as oil prices jump with renewed pressure on the rupee, one of asia's worst-performing currency. makes -- as the top rupee forecast and expecting the currency to be strengthened. we are joined now from dubai. thanks for joining us. what makes you confident that it is going to happen? think if you look at the fall in the rupee and the factors behind it, one must understand that the sharp depreciation in the rupee, it was accompanied by pressure on e.m. currents use due to dollar strength, and that is something which was a factor in may and june. whats we head toward july we are seeing is that the strengthened dollar has weekend. it has been taken out of the strength and we have also seen that the opec meeting and donald trump in the oil market has put a flow to the oil prices. it is trading close to $