president threatens to slap tariffs on car imports from the e.u. but will his plans cause more harm than good for the average american and we talk turkey the lira is at historic lows inflation and unemployment are in the double digits as the country heads to the polls on sunday as the economy enough to sway voters away from president. and daniel winter and this is your business update donald trump has launched another salvo in the trade dispute between the u.s. and the european union after tariffs took effect on friday targeting american consumer goods like whiskey and motorcycles the u.s. president threatened a twenty percent tariff on european cars he used twitter of course to say that the u.s. should build them here instead the u.s. imported cars and light trucks worth forty two billion dollars from the e.u. last year shares and top european carmakers most of them german dropped sharply following the news. quarter is on wall street for a c.n.c. what kind of trade impact can we expect of this proposal does go ahead. if you only look at the car in

imported cars and light trucks worth forty two billion dollars from the e.u. last year shares and top european car makers most of them german dropped sharply following the news. and hence quarter is on wall street for a c.n.c. what kind of trade impact can we expect if this proposal does go ahead. if you only look at the car industry and also include auto parts of the united states is running trade deficit with the european union in the amount of a good forty four billion dollars so as far as we know no exec measures are under way yet it is a threat from the u.s. president so we really have to wait and see if auto parts for example will be included in those tariffs as well and if there actually will really be coming but it well there is a lot of money on them here in the financial press commenting on this that there could be potential for the plant to backfire on u.s. consumers and workers what are you hearing. that's always. case when we talk about tariffs that doesn't mean it doesn't matter if it's on a limb in yemen if it's on products from canada or in all

e.u. where it hurts. well if you if you look. at cars getting imported to the united states the european union is a distant fourth or far behind countries like mexico for example or all saw canada a good seven percent of imported cars here into the united states to come from a europe so that is a certain number but by far not the biggest one but he certainly would hit. you of we had heard most of them and if you look at the car market the global car market the u.s. behind china has the biggest the second biggest car market in the world so it is. quite important area for the european companies to be in yes that would hurt you rob where it hurts and it wouldn't have such a huge impact probably on the u.s. car market overall well perhaps he's less in the driving seat the motors driving the e.u. crazy thank you very much. as we heard trump was reacting to the e.u.'s counter-terror such came into effect on friday they in turn were an answer to trump's tariffs on steel alimony and levies the e.u. is charging on u.s. imports as of now include s

taxes e.u. car imports are two point five percent the e.u. on the other hand imposes ten percent on u.s. imports so quite a difference there but that's not the whole story when it comes to s.u.v.s the united states imposes a twenty five percent tax the e.u. on the other hand just ten percent. still some experts say the e.u. would be better off addressing american concerns than escalating the spouse. so why not cut them from the content. and i think such a strategy of cooperation could bring more because then president of the united states can go to the this voters and say well. this was a good deal for the united states but within the e.u. the mood seems to be more competitive harley davidson motorcycles are just one item on the list of u.s. products the e.u. has voted to tux. for a great find as bad as they yell as verified says his country's economy isn't flourishing it's drying up europe has been praising the latest growth figures as a success story the debt is still at one hundred seventy seven percent of the mystic product in an exclusiv

has already announced its next line of attack cars imported from the e.u. as trade advisor peter navarro had this to say on fox news. germany has chair of song autos four times higher than our. german imports here and they sell us three times as many cars as we sell so on the issue alone we have allies strategically but when it comes to these trade disputes these allies basically you're robbing us blind the president is not going to put up with that some ways that relationship really that's imbalanced let's take a look at the numbers the u.s. taxes e.u. car imports at two point five percent the e.u. on the other hand imposes ten percent on u.s. imports so quite a difference there but that's not the whole story when it comes to s.u.v.s the united states imposes a twenty five percent tax the e.u. on the other hand just ten percent. still some experts say the e.u. would be better off addressing american concerns than escalating the spots. for the content for them. and i think such a strategy of cooperation could bring more because then president of the united s

car industry industries main source of income e.u. cars coming into the u.s. re subject to twenty five percent tariffs the u.s. car industry profits here are from a much lower ten percent that the euro believe is on ford or cadillacs coming into the e.u. and that twenty five percent tariff dates back all the way to nine hundred sixty three it was known as the chicken tax because it came in response to tires that france and west germany at the time imposed on imports of u.s. chicken just to show you that trades attention can have quite a long history and can actually be quite weird when you look at them closely at it a little earlier i spoke to york tammy's chief economist spungen frankfurt and i asked him whether the e.u. should now respond in kind to u.s. trade tariffs. i'm not so sure whether such a retaliation policy is the right approach because we voted for the u.s. administration a minute ago they fear they are treated unfairly and this is their perception and when it comes to when it comes to defense expenditure they have a point the western allies in eu

has already announced its next line of attack cars imported from the e.u. as traded bites or peter navarro had this to say on fox news. germany has chair of song autos four times higher than our. german imports here and they sell us three times as many cars as we sell so on the issue alone we have allies strategically but when it comes to these trade disputes these allies basically you're robbing us blind the president is not going to put up with that some ways that relationship really that's imbalanced let's take a look at the numbers the u.s. taxes e.u. car imports are two point five percent the e.u. on the other hand imposes ten percent on u.s. imports so quite a difference there but that's not the whole story when it comes to s.u.v.s the united states imposes a twenty five percent tax the e.u. on the other hand just ten percent. still some experts say the e.u. would be better off addressing american concerns than escalating the spock's. so why not cut them from the content. and i think such a strategy of cooperation could bring more because then presiden

e.u. where it hurts. well if you if you look. at cars getting imported to the united states the european union is a distant fourth they're far behind countries like mexico for example or old saw canada a good seven percent of imported cars here into the united states to come from europe so that is a certain number but by far not the biggest one but he's certainly. we have heard most of them and if you look at the car market the global car market the u.s. behind china is the biggest the second biggest car market in the world so it is. quite important area for the european companies to be in yes it would hurt europe where it hurts and it wouldn't have such a huge impact probably on the u.s. car market overall well perhaps he's less in the driving seat the more just driving the e.u. crazy thank you very much. britain will do much better economically outside the e.u. that's what opponents claimed but almost two years to the day since the country voted to leave uncertainty reigns and is just too much for many multinational companies the lates

e.u. firing back at the new terror threat on european cars. the e.u. commission the vice president saying that they decide to race or import tariffs will have no choice again but to react. insisting all countries with tariffs on goods going into their country remove those barriers and tariffs and be met with more than reciprocity with the u.s.a. trade must be fair. the dow was down 168 in the premarket. the dax in germany is going to try again to vote on another big issue lawmakers failed to pass the conservative bill last week and lawmakers are now under severe pressure from president trump who's trying hard line even in the public anger over the border. we cannot allow people to invade our country when somebody comes in we must invade illegally bring them back from where they came. our system is a mockery to good immigration policy and law and order. >> trunk previously told congress to stop wasting his time until after the election. house judiciary committee chair bob goodlatte will keep pushing his bill. >> this bill does address allowing children

president donald trump is threatening to impose a twenty percent tariff on all e.u. carimports unless it lifts its trade barriers the european union imposes billions of dollars worth of duties on hundreds of u.s. goods in retaliation to u.s. steel and aluminum tariffs imposed june barkha tit for tat tariffs from friday the e.u. will slap hefty levies on three point two billion dollars worth of u.s. goods including well no barricade brams harley davidson motorcycle space judi's of twenty five percent bourbon orange juice crab reason peanut butter have also been hit so too has american dead in u.s. companies have enjoyed major growth in europe in recent years but many smaller companies fear their products will now become too expensive to export. the e.u. is responding to donald trump's decision earlier this month to introduce tariffs of twenty five percent on european steel and ten percent on alan many of the measures are meant to protect national security interests e.u. commission president young claude juncker said the move makes no sense to trade who believe in. trust.

president threaten to impose a twenty percent tariff on e.u. car imports donald trump's threats was in response to retaliate retire of spite of the e.u. or american products the began when the u.s. imposed steel and i mean the entire us there is the e.u. canada and mexico in june we've barca has more. tit for tat tariffs from friday the e.u. will slap hefty levies on three point two billion dollars worth of u.s. goods including well know that american brands davidson motorcycle space judi's of twenty five percent bourbon orange juice crab reason peanut butter have also been hate so too has american dead in u.s. companies have enjoyed major growth in europe in recent years but many smaller companies fear their products will now become too expensive to export. the e.u. is responding to donald trump's decision earlier this month to introduce tariffs of twenty five percent on european steel and ten percent on allen many of the measures are meant to protect national security interests e.u. commission president young claude juncker said the move makes no

president trump's threats of tariffs on chinese goods and the levy on e.u. carhipments would cut gdp growth this year. the e.u. said it is ready to retaliate to u.s. threats on the 20% to you plan -- to european cars. they say the block is not treating the u.s. unfairly. the dispute between washington and others set to escalate with strength replacing rules for the basis of trade. e.u. officials are in china for high-level trade talks. got whatbia and russia they wanted out of the opec meeting to increase reduction. the saudi energy minister promised to act decisively to keep oil under control. that signals a supply boost approaching one million barrels a day. but iran does not believe that the oil will get waivers from the u.s. under the sanctions imposed by president trump. trump iseve president against market fundamentals, against the market, the free market and not the benefit of even consumers. the high-level price by the action [indiscernible] paul: malaysia's prime minister said fair value for the ringgit is 3.8 to the dollar. that is the previous governm

if he is saying they will lead to 20% tariffs on e.u. cars. >> roll out the barrels.pec has reached a compromise on crude, agreeing to boost all production by one million barrels a day. the salary energy management -- saudi energy manager calling it "a nominal increase." supplies have increased, but the market rally's because it was not as much as anticipated. >> it was an interesting afternoon because the initial deal, and prices really started to rally when it became clear the official communique mentioned no production numbers at all and then ministers emerged from the meeting, one saying one thing, another saying another thing. it was a fudge everyone seems to be interpreting in a different way the market doesn't know how , real these barrels are. >> you had the iranian oil minister meet with his saudi counterpart. the prince played a huge role in the meeting. the fact that they were able to come together does show this unity, but the victory goes to the saudis. this is what the americans wanted. they asked for one million barrels of oil and this is what they are

taxes e.u. car imports are two point five percent the e.u. on the other hand imposes ten percent on u.s. imports so quite a difference there but that's not the whole story when it comes to s.u.v.s the united states imposes a twenty five percent tax the e.u. on the other hand just ten percent. still some experts say the e.u. would be better off addressing american concerns than escalating the spots. so why not cut them from the content. and i think such a strategy of cooperation could bring more because then president of the united states can go to the his voters and say well. this was a good deal for the united states. but within the e.u. the mood seems to be more combative harley davidson motorcycles are just one item on the list of the u.s. products the e.u. has voted to tax. and frankfurt correspondence on the line. to see you both let's start with you how shocked was asia about seven surprise. well probably not as shocked as you are open to canada the markets in asia well up today with analysts empathizing with trump and his defensive mot

here as president donald trump is threatening to impose a twenty percent tariff on all e.u. car imports unless it lifts its trade barriers earlier the e.u. imposed a billion dollars worth of jew cheese on hundreds of u.s. goods in retaliation to u.s. steel an outlet minion tariffs imposed in june. that europe's they had lines inside story around it. motorbikes orange juice and whiskey the e.u. strikes back at the u.s. with terrorists targeting republican states bringing us closer to an all out trade war so how will this dispute hanged and will it mean a change to the global trade system this is inside story. hello and welcome to the program i'm a dentist now it's the latest round in a looming trade war on friday the european union impose three point surgery billion dollars worth of tiris on u.s. goods now it's a direct response to recently impose u.s. tariffs on imported steel and. european leaders try to change president trump's mind about tyrus during the recent g. seven summit in canada that meeting your remember didn't go down well at all in with the new round of e.u. levies

president threatened to impose a twenty percent tariff on e.u. car imports dall trumps threat was a response to retaliatory tariffs by the e.u. on american products the tit for turf began when the u.s. imposed steel an alum million tariffs against the e.u. canada and mexico in june barca has more. tit for tat tariffs from friday the e.u. will slap hefty levies on three point two billion dollars worth of u.s. goods including well know that barry could browns davidson motorcycle space judy to twenty five percent. bourbon orange juice cranberries and peanut butter have also been hate so too has american dead in u.s. companies have enjoyed major growth in europe in recent years but many smaller companies fear their products will now become too expensive to export. the e.u. is responding to donald trump's decision earlier this month to introduce tariffs of twenty five percent on european steel and ten percent on alimony of trump said the measures are meant to protect national security interests e.u. commission president young claude juncker said the move

president donald trump is threatening to impose a twenty percent tariff on all e.u. car imports unless it lifts its trade barriers earlier the european union imposed billions of dollars worth of juices on hundreds of u.s. gets going to bring you more on all of our top stories in the news out that's coming up in about twenty five minutes time i'll see you then. osama bin ladin was busy building training facilities. bin laden eventually became responsible for organizing the flow of foreign fighters between chechnya bosnia and the arab world for the taliban these soldiers were useful reinforcements in the fight against the northern alliance this enabled been logging to strengthen his alliance with the taliban and to recruit soldiers for his holy war on the western world. was this your first post that idea that this is no yes but my video i think that there are. no safeguards that are left out of government or the album for that but i can vary a bit and their value in that you know if you but if you go below focusing on this and. yet. on the seventh of august nine hundred ni

cars saying the u.s. should build them here instead the measure would hit germany hardest as the e.u.'s biggest car exporter to the united states share prices for german carmakers are full of shocklee on that news. of the first game on day nine of the world cup was a frustrating match between brazil and to costa rica and some petersburg it took the favorites ninety minutes to break the deadlock. setting up a few to pick a team you know if on the back of that costa rica defense puts a second goal from going neighbor falling hopeful brazil is set to nail the final school. the world in film festival has just named its new artistic director italian collar shot trail a bit several other high profile candidates to take the job of film critic and journalist he's a claim for his work as artistic director of the la carter film festival and he faces outgoing buggin army chief detect cosmic has been to hell for seventeen years critics are calling for increased curation about in all the world's largest public film festival. it's time to remind you the top stories this hour german chancellor angela

president donald trump is threatening to impose a twenty percent tariff on all e.u. car imports unless it lifts its trade barriers the european union imposed billions of dollars worth of juices on hundreds of u.s. goods you're up to date with the headlines more news coming up in about half an hour i'll see you then coming up next it's rewind. hello welcome to rewind i'm richelle carey since al jazeera english launched more than a decade ago we have built up an extraordinary archive of award winning documentary here on rewind returning to some of the best of them finding out what's happened in the years sense back in two thousand and nine millions of americans were celebrating a new president in the white house promising radical change and a better future president obama inspired the entire nation no more so than in baltimore were over sixty percent are african-american and violent crime and drug related deaths have been on the rise for decades but what became of all that optimism in the years following obama's election and two thousand and twelve al jazeera faultlines we

president don't trump is threatening to impose a twenty percent tariff on all e.u. car imports unless it lifts its trade barriers well earlier the european union imposed three point two billion dollars worth of juices on hundreds of u.s. goods in retaliation to u.s. steel and aluminum tariffs imposed in june if parker has more tit for tat tariffs from friday the e.u. will slap f.t. levies on three point two billion dollars worth of u.s. goods including well no beric of brands davidson motorcycle space judy use of twenty percent bourbon orange juice crab reason peanut butter have also been hit so to his american dead u.s. companies have enjoyed major growth in europe in recent years but many smaller companies fear their products will now become too expensive to export the e.u. is responding to donald trump's decision earlier this month to introduce tariffs of twenty five percent on european steel and ten percent on alamy of trump said the measures are meant to protect national security interests e.u. commission president jiang claude juncker said the move makes no sense

e.u. of the components in this car, 60% come from the e.u. u get a real picture of how it takes a continue tent to -- continent to build a car so why not source more parts her in th u.k.? >> there just isn't the u. supplier infrastructure here. 1.5 million here, 15 million across europe. the main sourcing tends to be here. >> the government insisting it is listening to business and wants the same things fm the negotiation. >> our intention is to avoid unnecessary frictions at the border, to avoid tariffs. we couldn't be clearer in terms of our understanding of what the econy needs and that is to be able to continue to operate a sophisticated, ju modern in time production system. >> airbus and b.w. have long harbored concerns over brexi with nine months to go before we leave the effort u., those concerns have turned to alarm. >> a storm in a that's what boris becker has called a new row over his diplomatict passprom the central african republic is genuine. the tennis star, declareg bankrupty is being pursued. now the foreign minister says or th

tariffs on e.u. car the trade barriers -- imports if the trade barriers are not lifted. automakers have dropped on the news, but they are down for the week. back in the green. neil, back to you. neil: nicole, thank you very much. have a good weekend. we mentioned before a few more details, the energy secretary, rick perry, is going to meet with the russian oil minister, so kind of his counterpart next week in washington. they're discussing oil and, presumably, efforts to bring down those prices. remember, it was the president a couple weeks back who had urged opec to increase production to bring up prices. he had urged at the time maybe a million barrels a day to increase production. this accord that was sort of written off on by opec members today increases by a little less than that, about 600,000 barrels, and that is why, among other things, oil prices are rising and oil stocks are more than holding their own. to america first policy adviser dan ever hart on what this could portend. very good to have

e.u. goods like cars could follow the trade route is one of many issues overshadowing sunday's elections in turkey the turkish economy is plagued with high inflation and a sinking currency this week the lira hit a new historic low against the u.s. dollar u.w.s. you would han sent us this report from istanbul. machines are still rattling away in this is a stumble printing house taking bolo has been in charge here for over thirty years but he says business hasn't been this bad in a long time. paper. most of the raw materials we use have to be imported. and because the lira is getting weaker and weaker against the dollar. cost of increased a lot. the only thing we can do is struggle to survive where. so. many turkish people share. prices are rising because the lira is worth less and less. unemployment stands at over ten percent just ahead of the election the economy is casting a shadow over the country's mood. sensient just isn't enough we can barely make it to the end of the months. guess yet even young people who've graduated from university are unemployed molly at that everything is expensi

e.u. officials said it will retaliate on any tariffs against the u.s. cars. president trump is imposing a 20% tariff on all cars built in the e.u. china and the e.u. will go against the tariffs. i find it interesting that europe and china are putting up a united front here. >> reporter: i think mr. katainen spent most of the interview contrasting president trump's approach with a multi-lateralism he was talking about how, yes, there are problems with multi-lateralism he's not naive, things need to be worked out, but that once you make a decision to choose lateralism or multi-lateralism, then you engage with multi-lateralism and it works. this is what he had to say. >> unilateralism is a poison to harnessing globalization in a sustainable manner people are worried in all parts of the world, people are worried. we cannot afford to destroy well-functioning multi-lateralism and at the same time we have to acknowledge that there are still problems and wto is not perfect so we have to reform wto in order to make multi-lateralism even better functioning in the futur

e.u.'s retaliatory measures economy minister will also tackle the question of the strategic importance of the car industry for us security. starting from the newly cause must. believe we should consider the strategic significance of the car industry for the european union in the same way so that we can prepare for an exchange with the united states was. really. an exchange is one way to put it but as the war of words heats up it's becoming clear that the white house is aggressive stance on trade it's leaving the united states increasingly isolated from its allies. let's go live to our financial correspondent frank but how's this going down with investors i see the dax is. going down. indeed the picture paints a thousand words ben what you're looking at is the biggest decline in the docs in about a week and it's mirrored by similar declines and other european markets so barely an hour after that announcement came from the white house we have the chinese immediately vowing taxation measures of quote the same scale and the same strength as the u.s. tariffs which basically is the same thing as saying

threat of car import tariffs which trump made with german cars specifically in mind they say that if he's angry about the high import tariffs that the e.u. has for our imported cars well then they should they should just cut them and create a good will for future negotiations and a hand that you could bring back to his base others would argue that this is what china tried to do in terms of offering concessions that said that it would lower car import tariffs and yet here we are today talking about the next phase in their trade dispute so for some that would be an argument for the e.u. and other trading partners to take a harder line but as you can see it's just not simple. to know the milan thank you very much. germany's central bank has slashed its growth forecast for this year from two point five to just two percent as fears of a trade war with the united states grow analysts exports expect exports to increase less than i originally expected of the sales concern for the german economy is the shortage of skilled workers but it's not all doom and gloom the bank says high government spending is likely to fuel a boom next year. that's all

the united states in response the president has threatened to put a twenty percent tax on cars imported from the e.u. bucca as more. tit for tat tariffs from friday the e.u. will slap hefty levies on three point two billion dollars worth of u.s. goods including well no barricade brams davidson motorcycle space judi's of twenty five percent bourbon orange juice crab reason peanut butter have also been hate so too has american dead and u.s. companies have enjoyed major growth in europe in recent years but many smaller companies fear their products will now become too expensive to export. the e.u.'s responding to donald trump's decision earlier this month to introduce tariffs of twenty five percent on european steel and ten percent on allen many of the measures are meant to protect national security interests e.u. commission president jiang claude juncker said the move makes no sense to trade to . trust. the united states' decision to push tariffs goes against it in fact it goes against all logic at least. the e.u. says it's also identified another four billion dollars in u.s. products for further tari

of the trade war tit for tat and we end up with tariffs or even a ban on luxury cars from the european union then the e.u. has a huge problem maxiell fun of death has been achieved thank you very much for that assessment. and we'll have more on that issue in our business segment which is right after this news that we now bring you up to date with some of the stories making news around the wild a new populist coalition government is set to be sworn in italy today incoming a prime minister just said because they announced it's for the cabinet last night the new coalition is made up of the far right league and the populist anti establishment five star movement. german prosecutors have applied to extradite the former president bashar al assad regime or in spain to spain he's facing charges of corruption and rebellion there was detained in germany on a european arrest warrant for his role in last of two of his independence bit by catalonia the exhibition must first be approved by a court before it can be carried out. north and south korea have bizarre will be a key part of efforts to resolve the nuclear stand

e.u. is not an absolutely huge supplier of these missiles to the us the problem is if the trade war escalates and the us imposes tariffs on carswhere the e.u. has a very big us and sends a lot of costs to the us and it's quite vulnerable to that. i mean it's difficult to say how the e.u. should respond on the one hand if they just said ok trump imposed tariffs on us and we're not going to respond and then it may well just involved in trying to go further particularly if the trade balance between the e.u. and the us does not improve but on the other hand you know if they do escalate the trade war then it might become a kind of fight to the death and we might see some severe restrictions on transatlantic trade which which won't help anyone and so it's a typical economist on the one hand and on the other argument but i think the e.u. is essentially has got no easy options here john's break for good to speak with you thank you. now an iconic motorcycle brand versus donald trump the u.s. president's trade spat with the e.u. has forced holly davidson to shift gear new e.u. tariffs will raise the average cost per bite by about two th

e.u. has a very big us and sends a lot of cars to the us and it's quite vulnerable to that. mean it's difficult to say how the e.u. should respond on the one hand if they just said ok trump imposed tariffs on us and we're not going to respond and then it may well just involved in trying to go further particularly if the trade balance between the e.u. and the us does not improve but on the other hand you know if they do escalate the trade war then it might become a kind of fight to the death and we might see some severe restrictions on transatlantic trade which which won't help anyone so it's a typical economists on the one hand and on the other argument but i think the e.u. is essentially has got no easy options here john's break for good to speak with you thank you. now an iconic motorcycle brand versus donald trump the u.s. president's trade spat with the e.u. has forced holly davidson to shift gear new e.u. tariffs will raise the average cost per bite by about two thousand dollars so it's moving some production outside the u.s. and with that decision holly became the post

president trump has threatened 20 tariffs imported on cars if e.u.sn't take down tariffs on its own. this iblooerg. ♪ this is blmberg. ♪ haidi: it is 8:30 a.m. here in sydney. markets open in 30 minutes time. for u.s.nt session stocks overnight as we get these reports of stricter limitations on chinese investments in u.s. tech. seriouslye taking deep threats of a trade war. kathleen: i am kathleen hays in new york. we're getting right into the first word news with jessica summers. tradea: escalating tensions and u.s. stocks has in the steepest drop since early april. that comes as president trump promises more protectionism. the dow and s&p 500 fell more than 1.3%. after were repaired pierre navarro said there were no plans to impose restrictions on chinese investment. a spokesman denied that china is the main target of plans to create stricter laws -- they list them as a security risk in terms of new vehicles, robotics and aerospace. mnuchin says it would apply to any country trying to steal u.s. technology. a civil rights group has tried thesk the

advantage off but does the trump administration have a point let's have a lot of us duty on car imports from the e.u is two point five percent meanwhile the e.u. levy's ten percent on imports from the u.s. so quite a difference there but those figures only tell half the story when it comes to s.u.v.s and pickup trucks that the u.s. all industries main source of income deal cars are subject to twenty five percent tariffs u.s. only ten percent well that twenty five percent tariff dates back all the way to nine hundred sixty three it was known as the chicken tax because it came in response to tariffs that france and west germany at the time imposed on imports of u.s. chickens just shows you that trade tensions are nothing new and can be quite complicated well let's talk about the trade and the g. seven summit with york joins us now from frankfurt he's a chief economist at the command spunk that where are we now post g. seven. summit has anything changed i don't think so because we knew before that trump is a protectionist we also knew that the u.s. will implement tariffs on steel newman and we were awa

said he's now considering introducing twenty percent tariffs on european cars but analysts say any further measures against the e.u. could harm the u.s. produces in the long run. is smart enough not to go too far he knows very well but if you start to trade will the american pharmacy bow to pain will be up in arms when they see where we can call isn't selling as well globally as it was before. but damage may already have been done the use now looking for alternative markets in australia and new zealand major producers of meat wheat and corn putting longstanding trade ties between the us and e.u. under mounting strain barker al-jazeera london. celebrations of taking place in the u.k. to mark seventeen years since hundreds of migrants arrived in the u.k. from the caribbean they became known as the windrush generation after the name of the ship they sailed on and it paved the way for many thousands of others emma haywood has their story was the week theirs is a journey which changed the face of britain. the story of the people who arrived from the caribbean to help rebuild the british economy in the wake of the secon

e.u. and from the entirely homemade emissions scandal the luxury car maker has issued a profit warning saying costs from chinese duties on cars produced in the u.s. would take a bite out of their bottom line also has to recall some eight hundred thousand cars across europe europe u two emissions cheating it predicts that before taxes and interest will be below last year's level well let's check in with our financial correspondent live vance in frankfurt only we are quite used to bad news from german carmakers these days but how worrying is what don last to say that. now that's a new chapter to worry about in this saga and the investors put pressure on the done their share because of those worries about the future a drop over four percent took other car shares like the m.-w. and volkswagen down with it and one analyst saying you know when you hear profit warning in a situation like this it's usually not the last one so you know people don't know is this the end of story especially as there's you mention the diesel scandal as well it's unclear how high the tab for that will be in the end for a

tonight threatening to escalate a trade war with our allies in europe by imposing a 20% tariff on cars in the e.ubased on the tariffs and trade barriers placed on the u.s. and the great companies and workers by the european union, if they are not broken down and removed, we will be placing a 20% tariff on all of the cars coming into the u.s. build them here let's get after it with white house trade add riser, peter navarro welcome back to cuomo prime time. we are in a trade war brother and you started it, fair point? >> i think president trump was right when he said the trade war was over when china joined in 2001 with the help of president clinton and congress. we lost over 70,000 factories and manufacturing jobs and the casualties in that trade war were the men and women working with their hands. >> wasn't that about innovation? >> it is about china's unfair trade practices. my office released a report. >> i have it, thank you very much for that. >> if you look at the chart in the report, china uses over 50 unfair acts, policies and practices to extract wealth, jobs and factories from the count

said he's now considering introducing twenty percent tariffs on european cars but analysts say anything further measures against the e.u. could harm the u.s. produces in the long run. is smart enough not to go too far he knows very well that to be start the tradable the american pharmacy voted him will be up in arms when they see where we can call isn't selling as well globally as it was before. but damage may already have been done the use now looking for alternative markets in australia. a new zealand major producers of b. tweet and called putting longstanding trade ties between the u.s. and e.u. under mounting strain leave barca al-jazeera london. it is al jazeera it's got a round up of the top stories now is growing concern over whether u.s. authorities will be able to reunite many of the migrant children separated from their parents at the us mexico border president trump is standing firm on his immigration policy. these are the stories that democrats and people that are weak on immigration they don't want to discuss they don't want to hear they don't want to see they don't want to talk about you know major networ

imported cars and light trucks worth one hundred ninety one billion dollars last year more than forty two billion dollars in oil to imports came from the e.u. half of us from germany. now let's bring in our correspondents richardson in washington only in frankfurt clear to you first is this real or is it just another thread. well we know by now to take everything that donald trump says on twitter with a grain of salt however this is the first time we've seen a hard number floated he says he wants to see twenty percent tariffs on imports coming from europe and of course this is a longstanding gripe for president trump he really sees americans as getting the short end of the stick when it comes to german auto imports we even saw a report earlier last month that he said he wanted to see a total ban on luxury vehicles from germany coming to the united states and he wanted to see these cars off the streets of fifth avenue in new york obviously though that has not come to bear out. only coming to you there in frankfurt out of the market reacted coming because stocks offer. yes they did they immediately went down they were already losing during t

e.u. trade barriers by saying that he will put tax on cars produced by european auto makers so you can see there's a huge verbal tit for tat going on it will depend on whether the e.u. can forget forgive and indeed to live with these new measures. journalists have rounded on the ukrainian authorities for faking the assassination of a russian opposition reporter in kiev. or the journalist in question has responded to one article in the british media by slamming ukraine's sorry that that was slamming ukraine's action the article claimed that the fake murder did more harm than good occurred he left a comment on his own facebook page addressing the british press and using offensive language he said that if the press wants more good than harm then give him a british passport and protection meanwhile other international media and security watchdogs also the stunt has been deplorable and regrettable. the staged murder of journalists are crazy buckton could buy the ukrainian security service is distressing well the reappearance of the reporter may be a great relief it is deeply regrettable the cra

e.u. trade barriers by saying that he will put tax on cars produced by european auto makers so you can see there's a huge verbal tit for tat going on it will depend on whether the e.u. can forget forgive and indeed to live with these new measures. reaction of the u.s. has also been negative with both democrats and republicans criticizing the move wall street analyst michael hudson told us he believes the u.s. could actually suffer more than europe from these tariffs. crumpets struck the american economy and the thought that seems to be his guiding principle by putting the tariffs on aluminum and steel is to raise the price of aluminum and steel to americans and all of a sudden this oversupply is going to be sold to europeans and asians so that their manufacturing can buy lumen him and steal more cheaply to make many a fractured goods much lower cost and american manufacturers can do so trump has given europe and asia an opportunity to undersell american manufacture is that tim aware of anything industrial beer kegs talk about frying pans cars anything made out of aluminum and steel now the

imported cars and light trucks worth forty two billion dollars from the e.u. last year shares in top european carmakers most of them german dropped sharply following the news. and tracking this for us in washington the claridge it's unclear this is a shock but it isn't a surprise. hi daniel that's right the german auto industry has long been a sore point for donald trump since before you was even president so it's not surprising to see him taking aim at european carmakers now if you remember there was a report even last month of the donald trump had said he wanted to see luxury german cars off the streets of fifth avenue in new york effectively banning of their imports he sees the united states as getting the fair end of the deal when it comes to trade with germany and cars so content wise it's not surprising that timing wise it's also worth noting noting that this could be a distraction tactic under a lot of domestic pressure at home now over the crisis taking place at the border where children have being taken away from their parents and kept in cages this h

e.u. trade barriers by saying that he will put tax on cars produced by european auto makers so you can see that the huge verbal tit for tat going on it will depend on whether the e.u. can forget forgive and indeed live with these new measures. journalists have rounded on the ukrainian or thora to use for faking the assassination of a russian opposition reporter. the journalist in question has responded to one article in the british media slamming ukraine's action the article claimed that the fake murder. it wore harm than good after he left a comment on his own facebook page as address the british press and used offensive language it also said that if the press wants more good than harm then give him a british passport of protection meanwhile other international media and security watchdogs have also slander stunt as being deplorable and regrettable the staged murder of journalists are crazy bumps and could by the ukrainian security service is distressing well the reappearance of the reports of relief is deeply regrettable the queen's authorities have played with the truth no matter what t

e.u. with new tariffs on cars if it doesn't reduce import barriers on american vehicles in made the announcement via twitter of course saying quote if these tariffs and barriers are not soon broken down and removed we will be placing a twenty percent tariff on all of their cars coming into the u.s. more on that when we are dead your business news in the next in our spectrum rita for an update on all the action in russia. so when we say sport it's or visit the west company to talk about the welcome i have with me chris houghton to from the devious forces to take us through the action so far left in the past and now because it has been playing a custody kind of action that brings us up to date with you know it's clear out of step to understand brazil came into this picture as a heavy favorites and a closer because america has made it clear they're not going to follow the scar neymar game plan that switzerland try to implement but it took off with a father to get on the board and they were victorious brazil that is his big let's take a look at that action now early on they more did his best to sell

e.u. imposes a 10% tariff on car imports, and the european pays that. if they could roll it back to 2.5 which is where we are, that's pretty good. >> that's the ultimate goal, it's a bunch of bluffing right now. they have higher tariffs than we have on everything. like you just said, cranberries. cranberries have almost a 20% tariff on cranberries in the e.u. for cranberry farmers. here in the united states, it's not as competitive there in the european market. >> they didn't even have cranberries 20 years ago. >> exactly. if they can drop that down, that will be good for cranberry producers here in the united states, like me. >> i don't even know what to say. if you act like we are a bunch of kids and you say, i have three marbles so you should have three marbles, there was a world war i and, in a world war ii that was a u.s. effort to try to revive economies. there are deals that have been placed historically come in president trump, what does he do? he says because of national security i have to get out of these deals as a way to get around wto rules

terrorists will help us based companies to produce more steel and cars for the local market brussels was appalled by washington's plans now the e.u. has imposed tariffs of its own against u.s. products like whiskey and motorbikes raising the price of the goods throughout the block in response the u.s. announced it will retaliate with fresh tariffs on even more european products the dispute is threatening to escalate into a full blown trade war an economic conflict between two states where terrorists are used like weapons to weaken opon and and thereby strengthen the domestic economy but what could president trump hope to achieve to buy american that's what we want buy american the e.u. has a lot to lose because it exports more to the u.s. than the u.s. imports from the block the trade deficit is one hundred fifty one billion euros and that is something trump is hoping to change. interesting times we live and that's all for business for now thanks for keeping me company. trying to. choke off why we take football personally. i'd rather we all ones win the world cup but what's the outlook for germany squad in the run up to their mat