e.u. imposes on u.s. products are on average higher than the wants the u.s. imposes to e.u. products if you take a look at the numbers europe imposes levies of around five point two percent on u.s. imports while the u.s. imposes lower three point five percent tariffs on european imports that's according to the institute in munich now the e.u. slaps particularly heavy tolls and beef coming from the united states with around sixty eight percent while the united states levies with twenty two percent on trucks and other utility vehicles and forty nine percent on tobacco products now if we take a look at these numbers and if the e.u. fails to avoid the tariffs it's threatening to impose its very own tariffs on a variety of u.s. products including iconic brands like wisconsin based harley davidson. that sound is worth around thirty thousand euros and harley davidsons munich branch is busy the first rays of spring sunshine see customers flocking here the you is now threatening to levy import tariffs on highly davidson's. as a response to new u.s. tariffs on e.u. steel an element app

for years china steel and aluminum industries have been dumping their excess production on global markets. the e.u. has already threatened retaliate to the tariffs against u.s. products like whiskey and motorbikes should e.u. products be hit by the new u.s. tariffs. cuba's state on tobacco monopoly on our says the country exported cigars worth some four hundred million euros last year a twelve percent increase on twenty sixteen and us exports famous cuban brands like cohiba and monte cristo two hundred fifty countries tobacco is one of cuba's main foreign currency earners alongside tourism and sugar but sanctions mean the u.s. isn't among the buyers. the same pay for the same job at the same location was the goal of an e.u. workers' directive last year it was designed to protect domestic work forces in high wage countries like france and germany from being undercut by migrant workers from low wage e.u. countries but some eastern european countries aren't happy about the directive workers from their argue that having to compete on a level playing field could threaten their livelihoods and remittanc

for years china steel and aluminum industries have been dumping their excess production on global markets. the e.u. has already threatened retaliate to the tariffs against u.s. products like whiskey and motorbikes should e.u. products be hit by the new u.s. tariffs. cuba's state own tobacco monopoly on our says the country exported cigars worth some four hundred million euros last year a twelve percent increase on twenty sixteen about us exports famous cuban brands like cohiba and monte cristo two hundred fifty countries to bacco is one of cuba's main foreign currency earners alongside tourism and sugar but sanctions mean the u.s. isn't among the buyers. the same pay for the same job at the same location was the goal of an e.u. workers' directive last year it was designed to protect domestic work forces in high wage countries like france and germany from being undercut by migrant workers from low wage e.u. countries but some eastern european countries aren't happy about the directive workers from their argue that having to compete on a level playing field could threaten their livelihoods and remit

e.u. products sent to the u.s. tax free. on average the e.u. levies just over five percent on american goods the u.s. on the other hand levies just three point five percent iva officials say they accept trump's concerns but say the focus must remain on dialogue and the president's. view of. tolerance between the e.u. will do us. i can understand if. we are. that is the reason why if you go we start the trade negotiations this is we should go back to the talks not. make trace this the president. despite the conciliatory tone the european commission is a ready preparing a stash of countermeasure as it's called on industry insiders to comment on a list of u.s. products that could be subjected to tariffs in response. to. all this talk of tariffs is causing a lot of concern in the southwestern german town of dealing in which has a three hundred year history with steel over five thousand people work at the steel mill and now many of them are worried about their jobs trumps tyrus would have real world consequences here the mills parent company deliver

for years china's steel and aluminum industries have been dumping their excess production on global markets. the e.u. has already threatened retaliate to the tariffs against u.s. products like whiskey and motorbikes should e.u. products be hit by the new u.s. tariffs. cuba's state on tobacco monopoly have banned us says the country exported cigars worth some four hundred million euros last year but twelve percent increase on twenty sixteen about us exports famous cuban brands like cohiba and monte-cristo two hundred fifty countries tobacco is one of cuba's main foreign currency earners alongside tourism and sugar but sanctions mean the u.s. isn't among. the buyers. the same pay for the same job at the same location was the goal of an e.u. worker's directive last year it was designed to protect domestic work forces in high wage countries like france and germany from being undercut by migrant workers from low wage e.u. countries but some eastern european countries aren't happy about the directive workers from their argue that having to compete on a level playing field could threaten their livelihoods

e.u. slap tariffs on individual steel products and followed w t o procedures and that's the key issue in the whole debate only in december japan the u.s. and. in the e.u. all agreed to a new chile to collectively tackle the problem of chinese over production and transaction has now put this alliance at least in doubt all right to get matches there from brussels thank you so much for this. and of course we wanted to know how the stock markets react because shares certainly have headed south in the united states in asia and also here in europe and my colleague daniel is standing by for us at the front food stock exchange daniel as the german steel industry taking the news well not positive at all monica the big two still companies to sin and good to have released statements so that they will have to wait for more details in order to really know how all of this is going to affect them but yeah many experts fear that steel exports to the united states could go down by more than fifty percent and many are fearing we just heard this from garrick as well then a possible trade war could happen inves

e.u. slapped tariffs on individual steel products and followed w t o procedures and that's the key issue in the whole debate only in december japan the u.s. and. the e.u. all agreed to new chile to collectively tackle the problem of chinese overproduction and transaction has now put this alliance at least in doubt all right matters there from brussels thank you so much for this. stock markets around the world to good beating following trends announcement in germany the blue chip dax tumbled more than two percent and for the latest let's cross over to danielle copas been keeping an eye for us on the trading floor in frankfurt danielle how's this turbulent day wrapping up. oh monica let's just forget about today it has been really lousy possible mix of possible higher interest rates and a possible trade war have really left shares dropping as the blue chip index tracks for the first time since august it has been under the magical point mark of twelve thousand points and even though the consequences here for europe are still not clear during most of the day there has not even been a single sha

e.u. going to counter with tariffs on u.s. products. like. that and seven years after nuclear disaster struck the japanese video fukushima some locals are using sport to move on they're hoping the twenty twenty olympics will soon put their city on the map for something completely different baseball. and welcome to the program syrian government forces say they've made significant advances into eastern ghouta the army has spent the last three weeks conducting an offensive on the area which is the last major rebel stronghold near the capital damascus the fighting has already claimed the lives of over. a thousand people and some observers say chemical weapons have been used to get the latest mark correspondent but first this report. the next strike is never far away in duma. another victim is rushed to an ambulance. political. observers say east includes his largest rebel how time is now completely isolated government forces have reportedly cut off the main highway linking it to the town of harassed and to the rest of the besieged enclave meanwhi

e.u. is the number one export market for the u.s. when buying all of his products so he needs us on his side and yet he comes out with this angering so many people but if we put this into perspective the e.u. sends about five billion dollars worth of steel to the u.s. at sort of six hundred billion euros a dollars of exports that so these terrorists a tiny what everyone's watching fall is what happens next is this the start of a new trade yeah i mean it is a good point there you've got the numbers there and carson said about gary coleman his resignation as trump's top economic adviser i mean we saw that spooked stock markets is there anyone left inside the white house who has the president's ear and who is against imposing trade tariffs. well the might be a few but those people who are opposed to those terrorists are not saying so publicly steve minucci in the treasury secretary who has long been seen as an ally of gary cohen today defended the terrorist that the president plans and he also says he doesn't believe this would hurt growth in the united states jared t

steel and agricultural products are also on the e.u.'s list.ut they have denied countermeasures could create a trade war. >> the city of cape town pushed back the date it expects to run out of water. they expect days zero to take place at the end of august instead of july, as previously feared. the south african city is facing its worst drought. there are dark clouds on the horizon in the positive sense, the rainy season is to begin in may. with any luck, cape town may avoid the zero altogether. a brave investor to jump on the volatile bitcoin bandwagon. the cryptocurrency comes with considerable risk. apparently, many teens are not listening. they have grown up with tech and see bitcoin and other currencies as an opportunity rather than a threat. reporter: for him, it all started when he bought his first bitcoin at age 15. >> i did not spend much money in high school. i saved it all. my plan was to put it all into investments. reporter: four years on, he has a diverse crypto portfolio and helps other to invest. although analysts around the wor

products that could be affected if the e.u. follows through on a threat to retaliate against trump's proposed import tariffs. the us president has decided to slap a twenty five percent levy on imported steel and ten percent on aluminum it's a move that could put thousands of e.u. jobs in the industries that risk no surprise then that new officials have called transplant deeply unjust figure paean commission is calling for collective action in response. we should can make it clear european statement against this. announced by the way to states because it's not related to dumping subsidies kerry says it's really too close a market of united states and this is the ruling of a double kyoto and therefore we need reaction from. the e.u. also considering imposing tariffs on u.s. steel and agricultural products rhetoric that sparking fears that a trade war could be proving. what is donald trump going to follow through with this terrorist threat the departure of his top economic adviser gary cohen has made it look increasingly likely th

e.u. cited concerns the merger could reduce competition in key products for farmers brussels imposed several conditions on buyer they included selling part of its business to german rival b. . the deal announced in october would see buyers sell the bulk of its crop seed units and its glyphosate herbicide business to be a s.f. brussels gave the go ahead to the deal despite opposition by environmentalists who fear it gives too much power to the world's leading agree chemicals and seed manufacturers they're now pinning their hopes on a no from us or therapies who also have yet to give a green light to the bio monsanto deal. the european commission has put forward proposals to close tax loopholes for global tech giants like apple google and amazon tech companies like google headquartered their businesses in places where they get a tax advantage facebook for example has its international headquarters in ireland . the e.u. commission wants them to pay taxes where they sell their products not in the low tax regimes where they're registered. prosecutors rated b.m.w.'s company headquarters on tuesday

tech companies selling products into the e.u.you mentioned, apple gets 25% of its revenue from europe. we have hewlett-packard, it gets about 1/3 of its revenue coming from the e.u. fitbit gets about 25%. big u.s. players could be hurt if we see tariffs placed on them by the e.u. trump puts donald tariffs on european tech company, remember, we are a bit of an exporter ourselves to you guys. we have a chip maker, they get about 13% of the revenue from the united states. siemens, the german juggernaut, engineering company, technology company, they get 30% of their revenue from the united states. this could get really messy overall, if you start embroiling tech products, and even if we going to services, that would be a whole host of issues. the numbers are big. 85 billion euros is how much the e.u. imports in terms of products high-tech products from , the u.s.. but equally, it is about a similar amount, about 80 billion euros is imported by the u.s. from the e.u. this could get really messy if we broaden it out to tech. emily: all

e.u. announced a lineup of products including peanut butter and whiskey its will with tariffs if the u.s. does go ahead after all. mr leggett wouldn't it be counterproductive now to retaliate to the measures that the u.s. will probably install on steel and aluminum i'm talking about the tariffs of course you know we should can make it clear you opinion statement against this. announced by the united states because it's not related to dumping subsidies cases is really to close a market of united states and this is another mining the ruling of a double kyoto and therefore we need reaction from you have been taught but isn't that looking at how trump has governed how you react isn't that the spark that really would start a trade war i would not trade war but stick to the real sticking to the rule of. also in our countermeasures and i think the united states have to learn that this is an international would based system and they should stick to this as well but do you think this is going to work because trump doesn't dislike small time lateral institutions he dislikes the trade system and all

steel and agricultural products on the e.u.'s list but moused on has a knife is that countermeasures could escalate the situation into a trade war. first the room is now its official european plane maker says describes three thousand seven hundred jobs in europe some half of them in germany the cuts will also affect workers and france the u.k. and spain the announcement comes as the company cuts back production of its huge a three eighty passenger jet and the a four hundred m. military transport company has not yet specified how many jobs exactly would be lost in each location. well let's bring in our financial correspondent from the frankfurt stock exchange really it doesn't really have to streamline its workforce like that they just posted really good figure britain figures reason you didn't. yes they were brilliant financial results because it's making huge amounts of money with those planes that do sell and that have relatively less technical problems than the a four hundred m. for example which has had a whole slew of probl

products including motorcycles and whiskey we would not sit idly while our industry is hit with on for measures that were thousands of european jobs at risk the e.u. is reacting firmly and commensurately to defend our interests consumers will be the biggest loses of course. in the u.s. the terrorist will mean more expensive compass and elsewhere more expensive u.s. products. all right let's talk a little bit more about this i'm joined now by evan annette since she is general manager of the american chambers of commerce in germany and she joins me in the studio now good to have you here with us and i would like to start with with a more general question i mean what's it like for the american chamber of commerce in this day and age to represent companies well since we are the voice of transatlantic business obviously there are a couple of difficult issues especially when it comes to trade on the other hand the demand is so much higher now for analysis content insight that actually we are in a position to provide that and so we're in a much better position now because the demand has just risen so much so difficult topics but higher demand which is g

e.u. steel products being imported into the u.s. with a total of around 40 million tons. course, if the measure would address also the e.u. countries, we would not only have the deflection of our own product but we could risk deflection of 13 million, 15 million tons of steel from other countries into other open markets, and the nature of the open market globally is the european union and it's obvious we may come quick into a situation where we had been two years ago when steel prices were falling sharply and we had closures and we lost millions of thousands of jobs in the steel sector. so here for our industry, either we address directly or indirectly and would have a huge impact on the european steel industry. mark: mr. eggert, what are the parts of trump's logic for this, is national security. he says it's justified on the basis to cut price metal imports, both american producers and national security . we've heard out of japan that they're going to challenge this. to what extent does e.u. steel challenge national security in the u.s.? axel: yes, of course. when you're

e.u. imposes on u.s. productsare on average higher than the other way around let's take a look at that now the u.s. for example imposes levies of around five point two percent. or rather the other way around the e.u. imposes lives of five point two percent on average while the u.s. imposes lower tariffs of three point five percent of goods coming from the european union now the e.u. slaps particularly heavy tolls on beef coming from the united states the amount for that is around sixty eight percent that's a lot now if you take a look at the other way around the u. for example has to pay levies a forty nine percent or twenty two percent or the us rather when it comes to products coming from the european union now experts say that leveling the playing field by reducing import duties to the same lower figure makes more sense than to begin a new upward protectionism spiral. life can be tough full foreign companies in china this little security for intellectual property and technology transfers are regularly demanded

e.u. published a list of american products that would be targeted in retaliation for the tariff the president intends to impose. it's an exhaustive list. agriculture products. orange juice. motorcycles like harley-davidson. blue jeans. tobacco, motor boats. what's your reaction to this threat of retaliation to the president's plan to impose those tariffs? sarah: the president's going to continue fighting for the american worker. he's also working with a number of individual countries in negotiating on areas of national security where we can work together and there's some flexibility there and we're continuing to have those conversations and will continue through the next part of the -- end of next week which is when i believe the deadline happens. reporter: in your view and the administration's view, would those e.u. tariffs hurt american workers? will they hurt american industry? sarah: again, we're going to continue to have those conversations with individual countries and we'll keep you posted on specific policies that happen. chris. reporter: [inaudible] quick confirmation of the c.i.a. d

e.u. threat to retaliate by taxing us products like harley davidson motorcycles this dealership in frankfurt germany has actually experienced a temporary surge in business. knows this thing is that because buying a harley davidson is an emotional thing people who've already decided to buy one this season are coming to us from the dealership and saying i want to order my harley now before anything happens so that i have that deal in the bag at least before the. deals on motorcycles are one thing deals on steel are another with just two weeks to go before the tire of come into effect from international trade partners will have to act fast if they're to secure exemptions. and germany is a major supplier of steel to the u.s. now chancellor merkel has weighed in on but tariffs here's what she had to say to german business leaders on friday. he is in so we're also concerned about the imposition of tariffs on session products as a government we have a clear commitment to multilateralism we support the european commission as it seeks talks with the well trade organization and the us but also with co

e.u. list of all the products that they were going to put tariffs on total seven point nine billion dollars which is exactly the amount of steel and aluminum imports from the e.u. to the u.s. so for those that say this is not a tit for tat i'm sorry they're just wrong you know hasn't anybody told mr trump that mercantilism was over about three hundred years ago now tell us about what are the major not just the groceries but what are the major production agriculture export soybeans corn wheat well we have this great tradition in this country of exposure exporting grains and seed grains and oil grains and china is taking our sorghum for feed and for bio diesel so really across the board these kinds of exports have been the key to american diplomatic power in the world and economic power in the world since about twenty fifteen other countries in the world in south america and canada parts of europe have understood the power of exporting food and agricultural products and so they're far are the the american export line has gone down while there is has gone up a policy like this is only going to