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 street for a chance to see the amazon running into a bit of trouble also netflix's results disappointed would you say it's been a tough week for tech stocks well i mean if you look at amazon they all saw their prime day on tuesday meaning they offe

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 sectors to get used to free trade to ninety nine percent of those tariffs falling by the wayside and you exporters are expected to save a lot of money there is that car aspect though it was just mentioned and of course if there are no tariffs anymore

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 opportunities together and if you look at it from a purely economic perspective from the e.u. side you know japan is a major opportunity because they're like the fourth biggest economy in the world and the only the seventh biggest export part of the e.u. so th

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 street for a chance we see the amazon running into a bit of trouble also early in netflix's results disappointed would you say it's been a tough week for tech stocks well i mean if you look at amazon they all saw their prime day on tuesday mea

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 allow certain sectors to get used to free trade to ninety nine percent of those tariffs falling by the wayside and you exporters are expected to save a lot of money there is that car aspect though it was just mentioned and of course if there are no ta

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 on he wants american carmakers to pro

terrorists will encourage encourage major producers like china to send this deal to the e.u. instead. and italy is keeping a tough stance on migration still we found some small business owners with migrant backgrounds who are thriving. this is e.w. business as well come the european union says it is preparing measures to retaliate against the united states if president all of trump imposes tariffs on imported cars and car parts e.u. trade commissioner cecilia monstrance said thursday that the bloc would be forced to respond with quote rebalancing measures news comes as manufacturers suppliers car dealers and foreign diplomats are testifying at a washington hearing to try to head off the import duties at the same time u.s. workers of foreign carmakers are taking to the streets of washington to demand an end to the tariff war which they say is endangering their jobs the u.s. car industry estimates that hundreds of thousands of jobs are threatened. this plant in the mexican city of silat was run by american multinational general motors each year it produces four hundred times an

e.u. announced a cease fire. major car producers including the e.u.e in geneva to discuss a response to trump's tariff threat on auto imports. hoover institution senior fellow johncock ran joins us from stanford, california. now, john, i just have to start with this. interesting line you have in your latest blog post about donald trump about the trade war. crazy like a fox or just plaven crazy? what's your answer? >> i'm not here to judge the president's character. the question is, is the trade war all in service of a world completely free trade, that would be lovely or sit in service of just high tariffs around the world and lots of protectionism. that's the thing i'm more worried about. ramy: one interesting thing that secretary of state mike pompeo just said earlier today before he goes to asean is what is going on with china, knocking china, saying the u.s. is the best partner. this is still with the knowledge, of course, that donlt trump pulled the u.s. out of the t.p.p. what's going on here with trying to strategize or posture the u.s.? >> i thi

in the usa instead the company wants to produce the wheels in its plants in india and brazil the company would then deal with punitive tariffs imposed by the e.u. just last week as a counter measure to u.s. tariffs. this plant in the city of sellout produces pickup trucks it's run by the american company general motors which benefits from mexico's lower wage cost. it's just the kind of set up us president donald trump is determined to clamp down on he's hoping to lure companies back to the united states by imposing tariffs of up to twenty five percent on car imports it certainly wouldn't be the first protectionist move back in may trump imposed a twenty five percent tariff on steel and ten percent unemployment in imports mexico responded by placing a levy on imports of american pork. tariffs have made pork too expensive stuff in mexico is managed one could say within a few hours to substitute u.s. pork exports with e.u. exports of cork. mexico is currently in the middle of updating its own free trade deal with the european union amid strained relations with the united states the country is keen to strengthen economic ties with other countries.

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 boot 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 google 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 why e.u. officials say forcing manufacturers to pre-install 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 authorities reject that argument accusing the company of marginalizing its rivals. in this way google has used android as a vehicle to cement its stance inst as a search

e.u.'s customs union. they will avoid the hard border issue with ireland. this is key. this is what has been standing in the way of any kind of deal. british producers following e.u. rules. u.k. said it will have different arrangements for services which will lead to them, their banks losing their passporting rights. banks are willing to see how that plays out. johnsonicism for boris says this is the result of too much self-doubt. does seems saying may safer now because too many people do not want a hard brexit in the u.k. and the conservatives have not found anybody to up and put in place to run in office if she steps down. boris johnson's star has fallen. a quick look at the british pound. if you look at, you have this wonderful chart here. it shows you that the pound had recovered from the big lunch since the brexit vote in june of 2016. worry about it. a very small loss today. traders agreed, theresa may may not be in danger just yet. ,amy: speaking with some folks at least in terms of the signatures they need, they just do not have that yet. switching to the bank of england, is there any knock on effect we can pull from what is happening with t

e.u. measures on steel imports and take effect today the european union has introduced temporary for test on steel imports it will make us fear that u.s. terrorists will encourage major producers like china to send their steel to the e.u. instead leading to a search that could destabilize the industry and it's not an irrational concern there is currently a glock's of steel in global markets primally due to chinese all production china makes almost as much crude steel as the rest of the world combined to quote us will stay in place for a mock so of two hundred day. all right let's cross over to orosz bars our financial correspondent in frankfurt tell a wish to get more details on this story because because you is no money no info praising free trade or on the roll but this is of course a move towards protectionism so what does that mean for the already asked trade dispute. yes it could lead to a further escalation of course because the united states or the chinese could react or other people who import steel into the european union but the european union can do that under the rules of the world trade organization if it sees industry is in serious jeopardy and jobs at stake and

only a key export market for german car makers they also produce eight hundred thousand cars a year they're using materials imported from the e.u. for one then exports some u.s. production to china so it could be hit twice over if the u.s. trade dispute with china widen to encompass cars. we try to submit all our facts and participate in conversations about this and as long as the decision has not been made we will fight for free trade trade bodies and manufacturers are hoping for an amicable settlement with the u.s. after diesel gate the last thing they need is yet another deep pot hole in the road . germany's to some group and india's tata steel have merged their european operations. the merger is aimed at dealing with problems caused by the flood of cheap chinese steel swamping global markets. if this is really the key issue to move successfully for. global exist as if he had also cost tremendous additional import into europe imports into europe. which have increased the price pressure on that much. soon after the announcement time that he zinger said he would be stepping down as c.e.o. he's been embroiled in a dispute with

terrorists will encourage major producers like china to send their steel to the e.u. instead leading to a search that could destabilize the industry and it's not an irrational concern there is currently a glut of steel on global markets probably due to chinese overproduction china makes almost as much crude steel as the rest of the world combined to quote us will stay in place for a maximum of two hundred days. tough time seeing greece's economy but huge pressure on small businesses after years of crisis many forums call apps but one traditional family run company fall away to bill survive and thrive ringing up plenty of new orders quite literally. to go in oculus family has been making bells for over two hundred years the last remaining bill making business in greece is run by christensen thomas now in the fifty's when the financial crisis struck the two brothers refused to give up a trade that their forefathers began in the eighteen hundreds. making barrels is labor intensive and time consuming and then. plunged by sixty percent in the wake of the financial crisis a

e.u. to finally openly condemn the mafia violence hearting the country. which i think the european commission which produces annual progress report someone to grow should be much more honest about have problems to our citizens and government when we see the progress reports and read all the praise we do wonder are they actually talking about us but i think really referring to montenegro much more. always their status as it's in a lot of.

products and there are simple reasons why we are a competitor we produce be an agricultural policy in general the u.s. government has criticized e.u. subsidies of enabling spanish farmers to sell below a fair value french and german are cultural products could also end up in the firing line. so i got a pretty radical media telecon the common agricultural policy is an attack on a cornerstone of the e.u. is looking to play your part with this behavior but it. may not meet that retro. has already threatened countermeasures the trade conflict between the us and europe is entering the next ground. and trump versus the e.u. is not the only transatlantic fight going on at the moment the e.u. commission also looking into google's business practices again while house is tracking this for us in frankfurt laws what's behind the move and are you sensing outrage from investors or simply deja vu. well i wouldn't call it outrage but to wait to see google shares down overnight by about a percent so people do take notice investors do take notice but it is not the first time they are dealing with it so it's a little bit of a deja vu daniel indeed i

produce loud music. you. need your boy. is my special. this is art international the e.u. and the u.s. have agreed to work together towards cutting import tariffs in a bid to prevent a trade war between the allies although tariffs of course are currently still in place tweeted a picture of young kissing him on the cheek saying that the countries love each other the e.u. had previously said it would not negotiate with a gun to its head though it does seem to have softened it starts. we have identified a number of areas from which to work together. who work towards it was on the industrial goods that was my main intention. to trump told me last week. you were a brutal killer and it is the first time that luxembourg has become a threat to the united states of america i think as a complement to 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 it also do stupid we also have to be this stupid under the new agreement the two sides will seek to cut or eliminate import taxes trade barrie

tariffs will encourage major producers like china to send steel to the e.u. instead that could lead to a surge which may destabilize the student history here there is a lot of still on the global markets and at the moment from a problem early due to chinese overproduction china makes almost as much role steel as the rest of the world combined the quotas will stay in place for a maximum of two hundred days. let's bring in our financial correspondent only bought in frankfurt only trump tower of policies have a ripple effect across markets seems our quote is the right way. 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 important exceeds the three year average so presumably you might have some very unfair treatment of the people who are first in line get no tariffs and the people who come after that they get slapped and

e.u. to finally openly condemn the mafia violence hearting the country. which i think the european commission which produces annual progress report someone to grow should be much more honest about have problems to our citizens and government when we see the progress reports and read all the praise we do wonder if they actually talking about us but i think really referring to montenegro much more. you know your status as a general got. for a quarter of a century montenegro has been under the leadership of needle djukanovic each whether as prime minister or since april of this year as president his family is one of the country's wealthiest and most influential. for seven years italian authorities investigated two kind of bitch for alleged cigarette smuggling until the case was shelved in two thousand and nine. suspicions that you kind of h. and his family are involved in criminal activity remain but the e.u. still pins its hopes on you kind of rich as a guarantor of stability in montenegro. in part because he resisted massive pressure from moscow and negotiated for his country to join nato last year. but brus

e.u. countries to warrant the trademark the case was brought by a rival chocolate maker cadbury whose parent company producesa similar product in norway now his job with the sport not to kick out barr thanks very much twenty three time major tennis champion serena williams has once again complained of discrimination because of the frequency of being drug tested earlier this month the american said she was being tested more than any of her compact she is by the u.s. anti-doping agency reports is back that up showing williams has been tested five times in the first six months of this year more than any other male all female athlete in the u.s. sports his serene a series of tweets she wrote and it's that time of the day to get randomly drug tested and only test serena out of all of the players it's been proven i'm the one getting tested the most discrimination i think so at least i'll be keeping the sport clean hash tag stay positive but i'm ready to do whatever it takes to have a clean sport so bring it on i'm excited. another athlete who's had his fair share of doping drummer's four time tour de france champi

producers agreed last month to boost output after reducing production last year to ease the global glow. now the white house says the car industry is one area where the e.u. is clearly taking advantage of the u.s. does the trump administration have a point the u.s. today on car imports from the e.u. is two point five percent at the same time the 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

e.u. when it comes to business and trade. the worst drug disaster in history would spread through more than forty c. . country's and produce up to twenty thousand badly deformed babies worldwide. but historians today single out one birth in one nine hundred sixty one that changed the course of history in hamburg germany linda shoulder fillin age twenty three gave birth to her first child her husband wasn't with her at the time and it was quiet day out. and then i lay back and was relaxed and some i mean somebody whispered into my ear is your husband not all right and i was here white awake and i said. what what's got what has happened to my baby is anything wrong here she said just. let's say. without any emotion oh yeah he's just got short arms and i like a child would have asked possibly i said and aren't a calling anymore and shit this current grow this would be like it is now. and then i felt like i was beaten to death. a doctor gave the first time mother some friendly advice just get another child. like forget about him you know. i'm a way to get a part time shortly afterwards linda's husband arrived and gave her some

american made car but its warning even its kentucky produced camry will go up in price if costs do so what can be done well one idea being studied by the e.u. is a global tariff cutting deal between the world's biggest car exporters are joining us now from brussels is hustle. director of the european center for international political economy and a leading author on trade diplomacy thanks very much for being with us so does this look like essentially a lose lose situation for everybody involved here if it happens well in the i mean this is a much bigger impact than we saw around. the tree it is almost seven times larger so you can understand the implication of this for the nurturers for the producers but also for the consumers just talk to us about how how important the car industry is not only to europe but also to the united states because it it's all it's it's much more globalized than it was twenty years ago is that you've got you've got components being imported built in one country and you have the same thing in other countries it's it's far more interconnected and globalized than it was before. yes indeed this is more clearly actual