when it leaves the e.u. pretty sure it will the next year it's going to be on its own with the with the e.u. and the weight of the e.u. behind it so it's going to find it more difficult i think to have influence in the world and if if it sort of tries to isolate countries like russia and doesn't sort of engage with them it will be seeing that its own position is weak and the end of the russia as a nuclear state member of the permanent five on the u.n. security council and it makes sense to engage with with russia the whole thing about bret's it is that britain has to find a new role in the world and in that case and it has to be engaging with emerging economies has to be engaging with with countries like russia and some countries that quite frankly in the palm. it hasn't really taken very much care about when it comes to diplomatic relations you know funny enough that many officials in the current u.k. government have said that the u.k. safer in the you because a moscow secured this russian thread be used to

when it leaves the e.u. pretty sure it will the next year it's going to be on its own with the without the e.u. and the weight of the e.u. behind it so it's going to find it more difficult i think to have influence in the world and if if it sort of tries to isolate countries like russia and doesn't sort of engage with them it will be seeing that its own position is weak and the end of the rusher is a nuclear state member of the permanent five on the un security council and it makes sense to engage with with russia the whole thing about bret's it is that britain has to find a new role in the world and in that case and it has to be engaging with emerging economies has to be engaging with with countries like russia and some countries that quite frankly in the pong. it hasn't really taken very much care about when it comes to domestic relations you know funny enough that many officials in the current u.k. government have said that the u.k. safer in the you because a moscow secured this russian thread be used to a

e.u. countries so with division apparent across europe it's hard to see how individual agreements between member states and more spending is going to do anything other than drive a wedge deeper within the heart of the e.u. political analysts nickel america which believes that despite the positive things coming from e.u. leaders there are still no closer to solving the migrant crisis. having a common european policy concerning this migrant terrorists today is impossible because you've got one part of your approach is totally against and one part of europe which actually doesn't know what to do and is a overflowed by the migrants the e.u. always thought that it can handle everything they've been doing that on other service and they've got out of crisis but this crisis is much different than depressed economic crisis the crisis machine poverty or unemployment or taxes this is one of the reasons the e.u. is showing its limit because it just can't cope with it it doesn't know how to handle it countries nations people are saying that they don't want this modern european union they have to be in

and it's also why we failed to find solutions to many of our problems and failed to. the e.u. failing to act is one. britain has voted for brics it. eastern european countries don't want to take in refugees because italy wants to take on more and more debt to do with how would you describe the current state of europe. as a. country you don't accept the way that you have framed the question that one country doesn't want to settle or does not want that italy wants to borrow more money while the poles don't want to refugees when they discover that it's happening man shows he said ms no we have to go beyond the symptoms and look at the basic issues. take the so-called refugee question before we do with refugees states. presupposes that we should adopt a common asylum and refugee policy in europe just we don't have one country does as it likes it was of the unit so it doesn't work. either you know what you have just far as the italians and debt are concerned it's test to talk about nation states and their budgets in the context of a common market and a common currency that you know

european union and that's the subject of your latest novel the capital it's come out at a time when many people are upset about the e.u. with all its internal divisions and they don't care much for europe kratz. are you hopelessly idealistic and if. this is even a comment on then you're going to support the idea of europe and still be very critical of the current state of the e.u. . there will be for you or anything else would be ridiculous. but if you ignore problems you lose credibility you know that nobody cared if you want to advance the european project you have to criticize the way things are right now good to see that the concept is worth defending we need to develop a vision of what we want for the continent of these quote on the basis of something that can be summed up in a single sentence something that everyone can agree with doing. no european country not even large states like germany will be able to master on itself the novels for the great challenges that we face. as there was even. if it did this and i think you know that but europe is still unpopular. you chose to study how the e.u. works you went to

has the final word within the structure of the e.u. it's the european council it has the final decision making powers to seem to come to the heads of governments or the not so nice thoughts of the heads of state governments of the member states see and that's the contradiction common european policy has developed and decided on by the leaders of nation states. we've got to get away from that if we want to see a european republic report most of the officials in the european commission are highly qualified to speak several languages they study to top universities and they came to brussels out of idealism because they want to work on the european project who really are very qualified and they come up with sensible policies that come as i'm going to they're blocked by the heads of state and their national self-interest that's bright yes and the european council would say officials draft intelligent policies commission insiders call these draft sacrificial offerings because when they were sent to the council they're torn apart because that's the

e.u. officials you met there. do they do is that a job as many people believe. he did or to mine that. on the contrary it is not the case that e.u. officials are not qualified to special a at the european commission will be sealed that's not the problem. the problem concerns the institutional and systemic contradictions within the european union and this needs to focus. who has the final word within the structure of the e.u. it's to european council it has the final decision making power to the scene to the heads of governments in the not so nice stops with the heads of state governments of the member states see and that's the contradiction common european policy has developed and decided on by the leaders of nation states. if you shift as before we've got to get away from that if we want to see a european republic. yesterday officials in the european commission are highly qualified to speak several languages they've studied to top universities and they came to brussels out of idealism because they want to work on the european project who really are very qualified and they come up with sensible policies

e.u. countries so it division apparent across europe it's hard to see how individual agreements between member states and more spending is going to do anything other than drive a wedge deeper within the heart of the e.u. political analysts nicolo mikko vick believes that despite the positive signals coming from you leaders there are still no closer to solving the migrant quiet crisis. having a common european policy concerning this migrant crisis today is impossible because you've got one part of europe which is totally against and one part of europe which actually doesn't know what to do and is it overflowed by the the migrants.

is treating china in a way that it should be treating the e.u. it's treating its economic photo perhaps more as its friend whilst the european union is and as well as china that is the picture that mexico all the ones that are really having a hard time right now all right well whether we could has been helping them and you will resist every step of the way helen humphrey from our business desk thank you. or friday was a day of political change into southern european capitals in rome italians finally got a new government three months after the election prime minister just epic auntie and his cabinet were sworn in amid lingering worries that their intention is to lead italy out of the your ribs. in the end it all happened quickly the cabinet of italy's new government has not been sworn in the coalition of the far right lead and populist five star movement is led by prime minister. who is not affiliated to a political party one of his deputies is legally dead. i swear to be faithful to the republic to loyally observe its constitution and laws and to exer

the global value chains so it will affect us as well it will affect our companies it will affect our consumers the e.u. is imposing its own tariffs on us products and they go into effect on friday they'll hit goods such as whiskey jeans and motorcycles and total u.s. goods worth two point eight billion euros will be affected there europe's response to president donald trump's tariffs on european steel and on a mini m but the e.u. trade commissioner is trying to leave the door open to new talks with the us government preferably through the world trade organization of course we are trying to work together with partners and new zealand is a very strong partner in that to see how we can strengthen and develop and elaborate within the w t o because it has served us well the e.u. is also turning to partners like new zealand and australia to negotiate new free trade deals. in a separate development japan has launched a complaint at the world trade organization to challenge south korean antidumping duties on japanese stainless steel balls it seems world trade is slowly but surely turning into a hostile enviro

constance university of applied science what insolvency off turkish debt has could mean for the e.u. . it's italy it's spain and these are exactly the countries which have been going through a very difficult financial period and the central bank in europe had an eye on this loan positions with respect to turkey but in italy in particular you mention it this country is in a political on a stable situation and that link it should turkey will force european politicians to think about the potential bailout off turkey fire italy but i'm afraid that the german politicians in particular are not going to be happy about these kind of into linkages and dependencies just remember the discussions in germany that bailouts basically why should germans pay for mismanagement in other countries and given the rhetoric between germany and turkey over the postes years that will be a very very difficult situation also for the european banks and european politicians i might marry if you want so now before the e.u. bails out key there is another alternative for one has asked the international monetary fund for ai

news live from berlin it took more than fourteen hours of talks through the night but e.u. leaders say they have reached a deal on migration french president and mine one might call it hailing the agreement as a victory for european cooperation but will it be enough to diffuse on the markets crisis at home and what will it mean for the migrants. also coming up in the world cup soccer belgium thing going to take the top spot. over all the highlights the bad plus the specter of a full blown trade war what weighs on the chinese one could the dispute rattle the world's second largest economy. i am. i am. i'm sumi so much going to thank you for joining us we'll get to our top stories in a moment but first reports are coming in that some one hundred migrants are feared dead after their boat capsized off the coast of libya while on route to europe a spokesman for the libyan navy says it is not yet clear if all the passengers have drowned it is also not yet known how many migrants were on board the vessel when it went down close to the capital tripoli the bodies of three babies have

news live from berlin it took more than fourteen hours of talks of the night but the e.u. leaders say they are breached a deal on migration french president emanuel mccoy's hailing the agreement as a victory for european cooperation but will it be enough to defuse the angle america's crisis at home and what will it mean for the migrants also coming up a deadly attack on journalists in the u.s. a gunman killed five people and a maryland newspaper police have the suspect in custody and say the attack was a target. and no more second chances were down to the final sixteen of the soccer world cup in russia belgium became let's take the. highlights of that match and talk about all the world cup you would argue to the sports team. i'm sumi so much going to thank you for joining us european leaders say they have reached a deal on migration other crucial summit in brussels after a long night of difficult negotiations leaders agreed to tighten the e.u.'s policy on migrants and asylum seekers the key points of the deal process still processing centers for asylum seekers will be opene

it's right to show the u.s. that they can't just do whatever they want the e.u. must use countermeasures to steer the process in the right direction. but it's those who are affected most who are speaking out against new e.u. tariffs on u.s. products or taking other measures the german steel association fears that it could lead to even more trade barriers and further economic damage. i'm not joined by our correspondents terry shoals and brussels tara let me start with a quote europeans will gain nothing through weakness the american president will never respect europeans weakness that's what the french finance minister has. told reporters i found monstro quite conciliatory than they're little by. the e.u. angry at all. well of course you've got to remember that the syrian moms from speaks for twenty eight countries it's not as easy as speaking for your one single government but i was at this briefing with cecilia mom sherman i didn't get the sense that she was being complacent at all she said unequivocally that the u.s. will not get its wish to have negotiations tr

e.u. countries so with the vision apparent across europe it's hard to see how individual agreements between member states and more spending is going to do anything other than drive a wedge deeper within the heart of the e.u. . but that's the live by political analyst eric and that high go joining us on the program eric let's start with this meeting chancellor merkel of the sixteen nations meeting produced a lot of goodwill but how much closer all those countries in coming up with a solution to the migrant crisis. it's very difficult for the euro and european countries to find a common solution to this matter and to this issue because the interest of each country are very different and for example in italy they are immediately confronting eight immediately in contact with the immigration into visit ground countries the situation is very different because they are very far from your region of the midrash and so it's difficult to find a common framework to organize a european solution and we can understand that for italy and for spain the emergency is not the same then fraud years are countrie

so when it comes to the e.u. you object to using the term integration. it's not that i have any objections i simply state the fact as it is. the prime minister of the meeting with the russian ambassador you announce the beginning of a new stage in cultivating relations with russia so on the one hand you say nothing changes but on the other you mention a new stage what exactly will be new i didn't say there would be no changes i said that we would not be shifting into reverse i hope and i'm almost certain that now we will be developing our relations even more efficiently when i say a new stage i mean more positive more meaningful and more productive also more straightforward more candid and transparent this is what i mentioned in the beginning relations without any dark corners it's not that what we all see in those corners satisfies all of us in every way what i say is that we frankly voice our opinion and our concerns and we should all do that during the meeting with vladimir putin we had no problems finding common ground we settled some matters immediat

e.u. is applying high a tad its own steam from the european union canada and mexico after weeks of negotiations to of them talks between the e.u. and the us officious took place right up to the last minute european leaders responded to the reality of new tariffs with frustration and even exhaustion so we're angry concerned outraged because we've been in talks with the americans for months now they don't listen and they think they can belittle us but that's not possible the americans and the europeans are allies and that's not how allies treat each other. that's finished. behind the frustrations or concerns over industry a glut of metal with nowhere to go means falling prices which could in turn threaten european jobs that would have broader consequences to the economies of european member states. the e.u. says it has no choice but to retaliate with proportional penalties on u.s. products like motorcycles jeans and whiskey a threat brushed off by u.s. commerce secretary wilbur ross. and there. does retaliate and the even of the mother is still moving remain unlikely to be as much as one concerne

e.u. countries so it division apparent across europe it's hard to see how individual agreements between member states and more spending is going to do anything other than drive a wedge deeper within the heart of the e.u. . well the year after liberation from militants things is slowly getting back to something in the syrian city of aleppo some parts are still in ruins big time but locals and nonetheless trying to find ways to overcome the huge difficulties that. slightly different to walk. back. to the western media i think they're being unfair to us because they still show barefooted children in the streets the streets columnists beggars the streets and their presence is still unfolding i. know we are the people of the country and it is you who are going to restore it and make the world the worse says everything is destroyed but no one cares about this country except for arch the people. reporting next to smalling saudi arabia's for reportedly mulling plans to isolate cattle from the mainland by digging a canal along its border that would eventually turn the gulf state into an island accordin

weekend's meeting well really it's not a new idea it's been suggested before the problem is which countries would actually host those centers outside the e.u. could it be tunisia perhaps but they've actually rejected this idea in the past could it be libya perhaps but the human rights situation there is of course catastrophic and it will take a wall as i said to put such ideas into place so angle americal has suggested you know this weekend's meeting is really an exchange of ideas and not about producing solutions even of that kind and this is all been prompted by uncle michel domestic political problems the pressure she's facing ishi finding sympathy for her position . not at all she's she's highly embattled of course she's got support from within her own party who are accusing the varian conservatives of trying to force the government to the right but on the on their side the varying conservatives led by horse a hope for the interior minister he says oh well you know i've i've wakened the european union out with a case like some sort of fairy tale prince as he sees it and he said this meeting of his party for just two days after the euro

it comes to the e.u. you object to using the term integration. it's not that i have any objections i simply state the fact as it is. the prime minister of the meeting with the russian ambassador you announce the beginning of a new stage in cultivating relations with russia so on the one hand you say nothing changes but on the other you mention a new stage what exactly will be new i didn't say there would be no changes i said that we would not be shifting into reverse i hope and i'm almost certain that now we will be developing our relations even more efficiently when i say a new stage i mean more positive more meaningful and more productive also more straightforward more candid and transparent this is what i mentioned in the beginning relations without any dark corners it's not that what we all see in those corners satisfies all of us in every way what i say is that we frankly voice our opinion and our concerns and we should remember that our during the meeting with vladimir putin we had no problems finding common ground we settled some matters im

war fighting violence it means basically that europe has got a step closer to becoming fortress europe if we look at the different aspects of the deal that was reached at the e.u. summit what it means for migrants let's say leaving africa is that if they try to come to europe by sea they may be picked up and brought back to so-called disembarkation centers in northern africa that supposedly will be run in accordance with international law but we can't be sure of that if they actually make it to europe they could be held in closed control centers on some of those peripheral in some of those peripheral countries there too we don't know about the conditions in those centers what we're looking at is a much try to europe will that stop refugees from coming probably not many of the people coming are fleeing for their lives whether they will be deterred by this new deal very much for me it's to be seen chief political correspondent melinda crane appreciate your analysis thank you. and indeed part of the e.u. migration overall goals for asylum processing centers eventually to be established in north africa that many of the countries seen as potential hosts so far want

proceed unilaterally the chancellor definitely doesn't see it that way if i look at the agreement the wording of what was agreed on by the e.u. leaders i don't see it that way either and i don't see her backing down on that point all right so perhaps some vague language in the declarations or the agreement from the chancellor different people understanding it in different ways so is there still a risk that the government could collapse over there and there absolutely is a risk if in fact mr say hope for the interior minister were to move forward on his threat and say well we are going to act. adoree after all i think the chancellor really would have no choice but to fire him for insubordination that would set in motion a cascade of events that essentially could explode her coalition and lead to her term as chancellor and but my prediction and it really is mostly speculation at this point is that both sides will look for a face saving way to deescalate i think that's what this conciliatory language from the c.s.u. means we've heard them saying hey we paved the way for the movement that happened this week at the summit and why

e.u. to show that it is not against the united states monster has said in fact that the e.u. wanted to show that it doesn't take sides when it feels that the global trade rules are being threatened are being are not being followed so the case with china today is that it is has been forcing european union companies to share technology in exchange for doing business in china to sometimes even share ownership of the companies and says this simply can't go on and so at the same time as china and the e.u. are on the same side when it comes to opposing the steel tariffs the e.u. has sided with the u.s. which has long had complaints about international property intellectual property theft by china teri schultz aid in brussels for us this evening thank you time to get the view stateside all financial correspondent so if you should man ski is standing by sophie trungpa said in a policy that trade was a good easy to win to investors that feel the same of a atoll run told by the european union's a vowel to fight back. yeah there definitely are and i mean thrums moves have caused a lot of

is very very briefly if you can is it wise for the e.u. to retaliate. i don't think it's very wise it's very wise for the e.u. to stay within conformity of the world trade organization which is a very good platform for trade disputes and trade negotiations. but what the e.u. should do above all is finally realize why so many american voters supported mr trump we have large parts of the us where people are suffering where the economic development is not very positive and we should get down to brass tacks work with the trumpet ministration on the underlying causes of these problems don't use international trade as a scapegoat but focus on education infrastructure and the like to help the american people who suffered and who voted for trump in the first place thank you very much . many economists say the protective tariffs that the u.s. has initiated old steel from its allies are actually meant for china which has been subject to the tariff since march and produces far more steel than it can use china's trying to negotiate its way out of the threat of fire

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 so 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 a europe so that is a certain number but by far not the biggest one but it certainly would hit europe we have 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 the world heard 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. thanks as we heard trump was reacting to the e.u. use 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 c

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 match against sweden. two soccer legends are her

tasks that will soon become more important than ever before especially after britain leaves the e.u. . it's one inch one side you're going to evade often and we want to convey the open mindedness that makes our country special the open mindedness that people like whom bolton good to exemplify before us if you go into the foundation of german success and that comes through in the works of german artists from which that's problem stein as much as it doesn't german development corporation or germany's international investment like its counterparts in the u.k. and france d.w. is publicly funded and has to face a rapidly changing media landscape with a tight budget. this can see that video is coming to you live from berlin. torcello reacts quickly to new crises all over the world and continually expands its network of correspondents after hostilities erupted in eastern ukraine between the government and russian backed forces was the first german language public broadcaster to open its own studio in the ukrainian capital kiev. for decades deutsche of ella has maintained studios and correspondents

i felt welcome to the program it's been a day of challenges for the e.u. euro skeptic government and it's a late political instability in spain and the opening salvos of a trade war with the united states will start with something which three months after the elections finally has a new government prime ministers have become to sworn in as head of a coalition of the establishment five star movement on the right wing league this comes after a turbulent week of political drama and financial. turmoil sparked by fears the coalition may want to exit the euro. to the italian capital rome where we find t.w. correspondent barbara. barbara so political newcomer giuseppe conte is the house now been sworn in as prime minister tell us about the rest of his populist cabinet . it is and that's a remarkable fact it is a cabinet largely made up of total political newcomers novices if you want the only exception is the foreign minister but everybody else has and says so far not even organized city hall and that can well turn out to be one of the first and biggest challenges

so it's likely the czech republic will stay loyal to the e.u. but it won't adopt the euro as a currency the economy is growing wages are on the rise there seems little reason for andrei bobbish to change track. well that's it from me and the business team at him and then i will have a brief update for you in the next stop and also in the meantime do check twitter facebook accounts on all websites to w dot com slash business clothes both here in the real time check global markets pass this off thanks for watching dot. com. what about the. kickoff why. we take football personally. when. all of these world cup preview goes into the final round to finish all the takes and look at. things could get very tense and exciting especially if these two by munich players clash. next doubly. more intrigue international talk show for journalists discuss the topic of the week sharing the historic summit in singapore u.s. president donald trump a north korean dictator kim jong il the promise of a complete denuclearization of the korean. can they deliver one point

and e.u. it used china of protectionist industrial policies intervening in markets and intimidating businesses. einar appears to be in the lead in the race to rollout five g. mobile phone technology said gen based phone manufacturer weiwei has announced it will be releasing five g. compatible devices from halfway through next year the main chinese telecom operators are conducting the final round of tests for the commercial use of fifth generation networks the joint five g. plan is part of the made in china twenty twenty five initiative which aims to turn the country from the world's factory into a global technology leader. british oil giant b.p. is buying chargemaster the u.k.'s largest electric charging company it's reportedly worth around one hundred seventy million dollars and will enable b.p. to expand its charging network across britain it expects the number of electric vehicles in the u.k. to surge to twelve million by twenty forty other major companies investing in the mobility market incl

e.u. countries weren't part of it the test here is how do they bring everybody together to find a form of words which is more than just the form of words that's what we need to to look out for and if the visa grant group as i see it they are not placated it's unlikely we'll get anything that approaches a real solution it will be interesting to see what they come up with thanks for that doesn't it came. at least fifteen people have died in a fire in kenya's largest open air market in the capital nairobi you can see the fumes of smoke still rising from the fire which has been put out another seven people been taken to hospital many were serious burns the fire broke out early on thursday morning a key combo market which is famous for selling second hand goods early on wednesday more than two hundred refugees reach land after being stuck at sea for six days now the charity ship lifeline docked in malta but only after eight countries agreed to take a share of the migrants reports from villager. after six days at sea the lifeline finally came to dock at the letter but also to be impounded the m

joined the e.u. . it's one of those areas where britain as a whole and especially scotland gives more than it takes in the relationship with the e.u. so there is strong support within much of the fishing industry for leaving the e.u. but look. the e.u. in this negotiation has a lot of leverage and it is very unlikely that the fishing industry is going to get what it wants from this negotiation the e.u. is going to insist that if the u.k. has access to e.u. markets then you will have access to fishing rights around the whole of the u.k. all of this lack of clarity what what effect is this having. well you know there are two different issues one is the border between northern ireland and the republic of ireland's and the e.u. is insisting that the have to be guarantees in the withdrawal agreements that there will be no hard border the u.k. wants to do that no way which doesn't create divisions between northern ireland and the rest of the u.k. that may well end up tying the u.k. into the e.u.'s customs union f

e.u. to finalize its agreement with japan you've just seen the e.u. open up negotiations with australia or new zealand we've seen it's just upgraded its agreement with mexico in all of these agreements is pushing and export is exporting its own regulator frameworks its own way of doing things and i think and i think there is something to be said that the us is going to find that if this continues and isn't resolved soon in the retreat into itself into isolationism into its own victim calm for a cop complex continues it's going to find that the world around it changes and perhaps not in the way it likes steve having having heard that and how apprehensive are you that perhaps there's been a miscalculation on the part of the president and his team and that this this could indeed escalate into a full scale trade war of which perhaps nobody actually benefits from armed aren't going to operate at all in fact are optimistic that it will not go into a full scale troop works i believe there are a lot of book cool heads in the tropic ministration in the e.u. . a

e.u. countries so it division apparent across europe it's hard to see how individual agreements between member states and more spending is going to do anything other than drive a wedge deeper within the heart of the e.u. . more than a year after the liberation from militants things are slowly getting back to something like no military in the syrian city of aleppo some parts are still in ruins but locals are finding ways to try to overcome all the difficulties they still face. what is different is safety when we walk in fear we are saved me a happy secure safe is back again see. that's for the western media i think they're being unfair to us because they still show bare for the children in the streets the state of homelessness and beggars they treat aleppo's if it is still in ruins and life that's. we are the people of the country and it is really your going to restore it and make it grow the west says everything is destroyed but no one cares about this country except for us the people of. saudi arabia is reportedly mulling plans to isolate qatar from the mainland by digging a canal along its b

to see how we can strengthen and develop and break new routes within the because it has served us well for know the e.u. is relishing its role as a champion of free trade. and similarly casualties from the front lines of the tariff war germany's dynamo is feeling the pinch already both from the escalating trade conflict between the u.s. and china and entirely homemade emissions scandal the luxury carmaker has issued a profit warning saying costs from chinese duties on cast produced in the u.s. would take a bite out of their bottom line also has to recall some eight hundred thousand diesel vehicles across europe due to emissions cheated it predicts that before taxes other interest will be below last year's level. as being our financial correspondent from frankfurt only with quite used to bad news from german carmakers these days but how worrying is what. very when you look at the share price that expresses the action reaction very well time were biggest loser here in the frankfurt market tumbling about four percent and that's a lot already after quite big losses so far in the past months and people. not

in that to see how we can strengthen and develop and elaborate within the because it has served us well for know the e.u. is relishing its role as a champion of free trade. german automotive joint is feeling the pinch both from the emissions scandal and the escalating trade conflict between the u.s. and china the democrat maker has issued a profit warning saying costs from chinese tariffs on cars produced in the u.s. would take a bite out of their bottom line but i'm not asking because some eight hundred thousand days of vehicles across europe due to emissions cheating the predicts that earnings before taxes and interest will be below last year's level. ever more on that i'm joined by the standing by for us outside the france and stock exchange only. issues a profit warning how are investors reacting to that. they're shocked and their shock is translating more and more as trading progresses into deeper red figures for the dima share. currently going down by more than four percent and it's taking down the other car shares and automotive shares in the dax with that b.m.w. and volkswagen also losing heavil

a country that has such a large head you don't have much of a choice to do it anyway and if it's not the e.u. which employs isn't it going to financial markets and people have to understand that as long as they don't they're going to remain against the euro once they have understood that this is just a fact of life they can get away with then maybe they would see that actually within the you were rather it is easier to deal with this problem if federico in romeo you'll find some would say this is a slap in the face of the e.u. but is the block itself at risk with the rise of these populist bodies and now this first populist government in western europe. i am optimistic in the longer run and we also have the example of greece greece was terribly hit by a steri to measure is dictated by brussels or inevitably dictated not because brussels is a dictator but because greece has decided to stay within the you because every other alternative has been viewed by the people of greece as a negative so we have the example of greece and i think that based on that example i don't think any kountry besides