japanese automobiles currently face ten percent e.u. import tariffs those will be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for producers to export cheese chocolate and meat to japan a nation of prosperous consumers. the e.u. expects food exports alone to jump at least by one hundred eighty percent that will create new jobs and boost g.d.p. the signatories sent a clear message to washington free trade not walls stimulates markets. four point three billion euros that's the record fine doodle is facing after a year regulators found the company in breach of antitrust rules the charges relate to google's android operating system used by phone makers including samsung on who are why. e.u. officials say forcing manufacturers to preinstall apps like you tube and google maps in exchange for enabling the download of other android run ups amounts to unfair competition google maintains its within its rights to set preconditions for the use of its services you competition authori

e.u. council president donald tusk senate deal sent a strong message against protectionism the agreement removes tariffs on nearly all japanese imports to the e.u. japan will also lift duties on ninety four percent of e.u. imports the deal sealed in tokyo is the largest ever negotiated by the european union and michael johns will have a complete coverage of that story in business coming up in a little bit for now but let's move on to some other stories making headlines around the world former u.s. president barack obama has wrapped up a brief trip to kenya he paid a visit to his father's home village where he showed off his basketball skills as he opened the sports and training center run by his half sister obama traveled on to south africa to attend a tribute to nelson mandela's one hundredth birthday. japanese media say an extreme heat wave has killed point. a dozen people there in the last three days thousands more have been taken to the hospital for heat related illnesses the soaring temperatures are hampering recovery efforts in parts of the country hit by deadly floods last week. in hawaii at least twenty three people have been

japanese automobiles currently face ten percent e.u. import tariffs they will now be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for e.u. producers to export cheese chocolate and me to japan a nation of prosperous consumers the e.u. expects food exports alone to jump by at least one hundred eighty percent that'll create new jobs and boost g.d.p. the message to washington is loud and clear you build walls you lose and the free trade is a win win for all participants. amazon workers across europe walked off the job today at six of the company's warehouses in germany employees are striking for labor contracts that gallon t. better working conditions strikes began in spain and poland coinciding with. amazon's prime day workers in poland are also staging a work to rule action meaning they only do the minimum of work required and said it expected only a fraction of its twelve thousand workers in germany to join the war can't. fight across the pond now against callers on wall

e.u. imports the deal sealed in tokyo was the largest ever negotiated by the european union and i will have complete coverage of that story in business coming up in a little bit now let's move on to some other stories making headlines around the world hundreds of demonstrators have taken to the streets of the nicaraguan capital managua as funerals were held for the victims of a violent crackdown on protesters at least ten people were killed over the weekend when police and gunmen loyal to the country's president attacked students holding anti-government protests japanese media say to extreme heat wave has killed more than a dozen people there in the last three days thousands more have been taken to hospitals for heat related illnesses the soaring temperatures are hampering recovery efforts in parts of the country hit by deadly floods last week. in hawaii at least twenty three people have been injured after a chunk of lava smashed through the roof of a tour boat of this video shows passengers watching the lava flow from killer way of all kaino when an explosion such a so-called lava bomb cra

japanese automobiles currently face ten percent e.u. importtariffs they will now be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for e.u. producers to export cheese chocolate and me to japan a nation of prosperous consumers the e.u. expects food exports alone to jump by at least one hundred eighty percent that'll create new jobs and boost g.d.p. the message to washington is loud and clear you build walls you lose on the free trade is a win win for all participants. from the five. apart from the symbolic push for free trade how important is this. it is important and not just symbolism but it's going to push the economies of both sides along that's what the european commission is convinced of it says that it will massively increase the volume of trade by up to twenty five percent in the next couple of years of course once the full slew of the measures take effect there are some intermediate steps where the full effects won't be felt she had to in order to allow certain sec

so beings instead of card tariffs following their wins the conversation your promise trump the e.u. . import more u.s. soybeans and american natural gas trump in turn talked of lowering trade barriers it's a deal at the expense of others however trade flows will be rerouted meaning less purchase from china brazil or african countries and that's exactly what sparked discussion at the w t o meeting thursday evening. the u.s. representative had a few things to explain to his chinese counterpart for now it seems economic peace has broken out between the e.u. and us but a single tweet could up and did all. the steps this is their skepticism given the loss of trust over the past few months maybe even years we really hope yesterday's agreement will be adhered to and i think. it's a chance for europe to catch its breath but the insecurity remains. as well you know washington correspondent now constant fun and naaman ed cost and of course this is a significant development but experience teaches us that the u.s. president can tear up any deal so should we treat this with some caution. absolutely i thi

japanese automobiles currently place ten percent e.u. import tariffs they will now be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for e.u. producers to export cheese chocolate and me to japan a nation of prosperous consumers the e.u. expects food exports alone to jump by at least one hundred eighty percent that'll create new jobs and boost g.d.p. . the message to washington is loud and clear you build walls you lose from the free trade is a win win for all participants. of world's biggest let's get more from daniel windsurfer leader of the business world to daniel. why they've done this well i don't know phil if you know the name of the elephant in the room but his name is donald trump and his protectionist policies such as these two partners the e.u. and japan feel more and more strange from washington i'm worried about the protectionist rhetoric coming out of and in fact he heads dire now direct action from donald trump that clubbing together their funding opportunitie

japanese automobiles currently face ten percent e.u. import tariffs they will now be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for e.u. producers to export cheese chocolate and me to japan a nation of prosperous consumers. expects food exports alone to jump by at least one hundred eighty percent that'll create new jobs and boost g.d.p. the message to washington is loud and clear you build walls you lose on the free trade is a win win for all participants. anderson workers across europe walked off the job today at six of the company's warehouses in germany employees are striking for labor contracts that guarantee better working conditions the strikes began in spain and poland coinciding with amazon's prime day workers in poland are also staging a work to rule action meaning they only do the minimum of work required and said it expected only a fraction of its twelve thousand workers in germany to join the walkout. fans head across the pond now young scholars on wall str

e.u. levies ten percent on imports from the u.s. so there is a big difference there but those figures only tell half the story when it comes to s.u.v.s and pickup trucks the u.s. auto industry's main source of income by the way e.u. cars are subject to twenty five percent tariffs the u.s. only to ten percent that's twenty five tariff date or rather that twenty five percent tariff dates back all the way to nine hundred sixty three it was then known as the chicken tax that's because it came in response to tariffs that france and west germany imposed on imports of u.s. chicken what does this all tell us well trade disputes are definitely not new and can be quite complicated with all these tensions you would think that car makers would be feeling a little bit under the weather the threat of america's punitive tariffs and the consequences of the diesel gate scandal have formed the perfect storm for the european auto industry but the german lobby group vdare however is betting on clear skies ahead. the sunny bolin weather is putting a shi

e.u. introduces temporary causes. on steel imports amid fears that u.s. tariffs will encourage major producers like china sent this deal to the e.u. instead. this sounds coming from the last company making church bells in greece. business on. the european union warns it will retaliate if u.s. president or trump imposes quote disastrous tariffs on automobiles we are preparing a list of rebalancing measures the e.u. trade commissioner to syria mobster and said meanwhile resistance against farms levies is also growing in the u.s. today manufacturers suppliers car dealers and foreign diplomats are testifying at a washington hearing to try to head off or worse u.s. carmakers say that hundreds of thousands of jobs in the u.s. are in danger if donald trump goes ahead with the levies on car imports. this plant in the mexican city of steel are always run by american multinational general motors each year it produces four hundred times and pick up trucks destined for the u.s. market. it's just the kind of operation u.s. president donald trump has tried to clamp down

the european union has introduced temporary quarters on steel imports e.u. lawmakers fear that u.s. tariffs will encourage major producers like china to send their steel to the european union instead that could lead to a surge which may destabilize the steel industry there is a glut of steel on global markets at the moment primarily due to the chinese over production china makes almost as much raw steel as the rest of the world combined for steel exporters a twenty five percent tariff would apply after that order is filled the restriction will stay in place for a maximum of two hundred days. let's bring in our financial correspondent only bots and frankfurt only trumps tariff policies have a ripple effect across markets it seems our quote is the right way. you know it's protectionism by a different name you know they're taking a three year average and the first steel imports go over that three year average then boom you have tariffs slapped on it and you know with the customer side you have a certain amount of first come first serve there when the amount imported exceeds the three y

e.u. would import a substantial amount of liquid gas from the united states so is that enough do you think for europe's energy supply to be less dependent on russia more stable for the future. well yes that is one strategy to go to also increase ellen g. gas in the future will bring more flexibility to the market which is necessary because of the energy transition and climate policy reasons but also the european union has decided to decrease the dependency from russian gas impose so it liquefied natural gas move play a major role also in the future and maybe just briefly we mentioned earlier the china state great debate that has been thwarted by the e.u. obviously recently increased efforts for close economic relations with china now this bit. is off the table so what would you make of it closer cooperation with china yes but investment no. it's a critical infrastructure and tia as with an austrian pipeline we see that critical infrastructure is has an important aspect to the german policy or european policy as well so here obviously the german government decided not to give it in chinese

e.u. is clearly taking advantage of the u.s. does the trumpet ministration have a point the u.s. studio car imports from the e.u. is just two and a half percent the other way around the european union levies 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 the u.s. auto industries main source of income european cars a subject to twenty five percent tariffs the u.s. two hundred ten percent now that twenty five percent taf dates all the way back to nine hundred sixty three it was known as the chicken tax a response to tariffs that france west germany imposed on imports of american chicken just goes to show trade tensions and nothing new but the damage they could inflict could be exponentially larger considering the global supply chains of today that are so interconnected and bible for just in time deliveries of parts we asked analyst and ellen horst how the road ahead would look with tariffs from washington . well it it it would be very very damaging specially for the german export industry especially with the net

e.u. exported goods and services worth seventy eight billion euros to japan and imports are just a little less that trade volume is expected to increase substantially as a result of the deal. the agreement will see the removal of a host of trade barriers enabling the e.u. to export products like milk nice and wine to japan without paying tariffs the e.u. in turn will no longer demand ten per cent tariffs on japanese cars and move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. deal still needs to be vast a fight by the european parliament if all goes to plan the agreement will go into effect in the ocean of twenty nineteen. now let's bring in our financial correspondent in frankfurt only other than the huge symbolic value of this deal in times when free trade is under siege how important is this deal in real terms. it is really important and many people in the financial markets didn't really have this on their radar but they can see the numbers now the european commission expects the trade with japan to increase in the next two years with the ben

important. the strength of the e.u. is important. has jeopardized u.k. and prime all of that unity. what he did in interfering with he dealing with the brexit issue, what he did with the leader of germany in undermining her credibility, what he did as far as saying the g-7 should become the g-8 really making it impossible for successful -- one of our closest allies in canada. all of that has questioned the president's sincerity in regards to the relationship with our closest allies that are standing next to us in battle and always there for us. so i think yes the u.s. is indispensible leader in the world there's no question about it, but the united states' credibility has been damaged. trade and trade in the national security context. certainly the canadians were offended and many other people were surprised to hear the president put the steel and aluminum tariffs among other things. classify that as a national security issue when talking about a military ally as close to the united states as canada is. do you see any benefit of as to the president's wider point about trade? the glo

japanese automobiles currently face ten percent e.u. import tariffs they will now be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for e.u. producers to export cheese chocolate and me to japan a nation of prosperous consumers the e.u. expects food exports alone to jump by at least one hundred eighty percent that'll create new jobs and boost g.d.p. the message to washington is loud and clear you build walls you lose on the free trade is a win win for all participants. we spoke to our financial correspondent ali bart's asking him about the significance of the deal. it is important and not just symbolism but it's going to push the economies of both sides along that's what the european commission is convinced of it says that it will massively increase the volume of trade by up to twenty five percent in the next couple of years of course once the full slew of the measures take effect there are some intermediate steps where the full effects won't be felt she had in order to all

e.u. completely eliminating import tariffs for vehicles making it happen would require significant changes to existing policies but it's an unusual option earlier today german chancellor angela merkel expressed her concern about possible tariffs for the country's crucial auto industry. get it right now we're witnessing something felt which we've always considered a constant namely the role of multilateral organizations we now have tariffs on a limb in yemen steel and we have a far more serious issue to levees be raised on cars imported to the u.s. . involved with and ladies and gentlemen this has the traits of a trade conflict i'm not ready to call it anything else just yet. but it is worth putting all our efforts into trying to defuse this conflict before it does become a war that of course both sides have to be involved and that's really why is it. and of course europe as a whole is involved two of the continent is struggling to find a joint response to the current tariff dispute european commission president will go to washington later this month for trade talks but analysts warn that s

imported to the u.s. is causing a bout of hysteria that is splattered all over the media but the fact is the e.u. imposes a ten percent tariff on all cars s.u.v.s compact s.u.v.s vans and pickups imported from the u.s. the u.s. only imposes a two and a half percent tariff on imported passenger cars s.u.v.s compact s.u.v.s and meds from the e.u. and a twenty five percent tariff on imported pickups which is a tiny share of the e.u. market again that's so the e.u. imposes ten percent on our cars that america ships to europe and we only impose a two and a half percent tariff on them china imposes a twenty five percent tariff on all imported vehicles but offered to cut this to fifteen percent as a goodwill gesture and the trade war to get around the chinese tariffs and sell vehicle so the one point three billion chinese consumers all global auto makers have invested billions of dollars in china has set up a large manufacturing facilities and required joint ventures with often state controlled chinese companies and have submitted to the required technology transfers g.m. now makes and sells more vehicle

important. the strength of the e.u. is important. the president has jeopardized all of that unity. what he did in interfering with the u.k. and prime minister may dealing with the brexit issue, what he did with the leader of inmany, ms. merkel, undermining her credibility, what he did as far as saying the g-7 should become the g-8 really making it impossible for a successful g7 summit with one of our closest allies, canada. what he has done with the national security waiver, for tariffs against countries like canada or europe, all of that has questioned the president's sincerity in regards to the relationship with our closest allies that are standing next to us in battle and always there for us. so i think yes, the u.s. is indispensible leader in the world there's no question about it. but the united states' credibility has been damaged. >> senator, can i ask you to expand just a moment on an issue that you just touched on, there? which is trade and trade in the national security context. certainly the canadians were offended and many other people were surprised to hear the preside

e.u. is clearly taking advantage of the u.s. does the chump administration have a point the u.s. g.t.s. on a car imports from the e.u. with two point five percent meanwhile the eighty year levees are actually ten percent in imports from the united states so quite a difference that but those figures will there be tell half the story when it comes to s.u.v.s and pickup trucks the u.s. auto industry is main source of income in new cars was subject to twenty five percent in tariffs the a you on the other hand only ten percent that twenty five percent tariff it actually takes back all the way to nineteen is sixty three and it was known as the chicken tax because it came in response to tariffs the fronts of west germany imposed on imports of u.s. chicken just goes to show you that trade tensions are nothing new and can be quite complicated well let's bring in an ng host he's an automotive industry analyst from every corner i s i london he joins me on the line now the german car industry has just published its healthier results do we see any signs of crisis there well when you look at your prices this is a full blown crisis

e.u. chiefs. he sides agreed to cut or remove key import taxes trade barriers and subsidies on the e.u. will boost imports of u.s. food and liquefied natural gas this comes after the white house slapped huge tariffs on european our new medium and steel in may and his new walk towards trump is strikingly different from his earlier hostility we have identified a number of various blue ridge to work together. to work towards zero terrace on the industrial goods that was my main intention. told me last week claude you are a brutal killer and this is the first time that luxembourg has become a threat to the united states of america remember i think as a compliment even though i cannot be sure. so now we will also impose import tariffs this is basically a stupid process the fact that we have to do this but we have to do we can also do stupid we also have to be this stupid to try and just roll over john clarke younker and get concessions almost immediately the answer is yes john clarke younker is is a surrender monkey it came to d.c. and he surrendered the white flag was waved and he gets nothi

imported to the u.s. is causing a bout of hysteria that is splattered all over the media but the fact is the e.u. imposes a ten percent tariff on all cars s.u.v.s compact s.u.v.s mansome pickups imported from the u.s. the u.s. only imposes a two and a half percent tariff on imported passenger cars s.u.v.s compact s.u.v.s advance from the e.u. and a twenty five percent tariff on imported pickups which is a tiny share of the e.u. market again that's so the e.u. imposes ten percent on our cars that america ships to europe and we only impose a two and a half percent tariff on them. china imposes a twenty five percent tariff on all imported vehicles but offered to cut this to fifteen percent as a goodwill gesture and the trade war to get around the chinese tariffs and sell vehicle so the one point three billion chinese consumers all global automakers have invested billions of dollars in china has set up large manufacturing facilities and required joint ventures with often state controlled chinese companies and have submitted to the required technology transfers g.m. now makes and sells more vehicles in

e.u. and ninety four percent of the tariffs on european imports to japan. ok we're going to focus now on some of the other stories making news around the world the former u.s. president barack obama has wrapped up a brief trip to kenya he paid a visit there to his father's home village where he showed off his basketball skills as he opened a sports training center run by his half sister. has now traveled on to south africa to attend a tribute there to nelson mandela's one hundred. hundreds of demonstrators have taken to the streets of the nicaraguan kampelman as funerals were held for the victims of a violent crackdown on protestors at least ten people were killed over the weekend when police in gunmen loyal to the country's president attacked students holding antigovernment protests. turning to football now world cup winners france arriving in paris to a hero's welcome following sunday's four two victory in the final over croatia hundreds of thousands of fans lining the chantilly easy to greet them and to top of the celebrations it was revealed that they a

e.u. the u.s. ambassador to germany has held a meeting with representatives from the likes of b.m.w. and diana here. now richard grenell said the white house would be willing to accept her moving move import tariffs if the e.u. would do this a u.s. president donald trump is touted import levies on european cars as his next move in this trade dispute that the us president has come under pressure from american business leaders saying an increase in import tariffs would hurt them as well so with the possibility of a good songs on the table i asked our financial correspondent call that boson whether that was having an impact on cautious says of the car makers have been skyrocketing today there's a shoot positive reaction to the news and to the rumors here on the stock trading floors that donald trump is now considering the complete opposite of import tariffs on german cars a total scrapping of terrorists on cars is extremely good news for investors even if this meant that the europeans would have to do the same and even if this would mean a probably that the german comic has made great a commitments in the united states in terms of production sites there but of course of this about turn in ho

a deal with donald trump to avoid a trade war they agreed to console remove key import taxes and subsidies while the e.u. will boost imports of u.s. food and make a five natural gas it comes out of the white house impose tariffs on european union and steel in may and yonkers new approach to trump is strikingly different from the saudia hostility. we have identified a number of various for the rich to work together. to work towards zero terrorists on the industrial goods that was my main intention. from told me last week john claude you are a brutal killer but this is the first time that luxembourg has become a threat to the united states of america he meant i think as a compliment even though i cannot be sure. it's so now we will also impose import tariffs this is basically a stupid process the fact that we have to do this but we have to do it you can also do stupid we also have to be this stupid trump just roll over john claude younker and get concessions almost immediately the answer is yes well john clause younker is as a surrender monkey it came to d.c. and he surrendered the white flag was waved an

e.u. would import more u.s. soybeans and american natural gas trump in turn talked of lowering trade barriers it's a deal at the expense of others however trade flows will be rerouted meaning less purchase from china brazil or african countries. and that's exactly what sparked discussion at a w t o meeting thursday evening. the u.s. representative had a few things to explain to his chinese counterpart. for now it seems economic peace has broken out between the e.u. and us but a single tweet could up and did all. the skepticism there's skepticism given the loss of trust over the past few months maybe even years we really hope yesterday's agreement will be adhered to. it's a chance for europe to catch its breath but the insecurity remains. a new record for facebook itself had the biggest ever one day loss in dollar value for a u.s. company social media giant shares a staggering one hundred twenty billion dollars in market value investors were disappointed by weaker than expected growth partly due to the effect of