future washington and brussels are already in conflict after us president donald trump subjected e.u. steel and many of imports to punitive tariffs the e.u. responded with duties on two point eight billion euros of u.s. imports the latest airplane subsidy tariff list is open to consultation until may thirty first and could still be revised and both sides have said they would prefer a settlement that did not involve tariffs joining me now is a quarter our financial correspondent on wall street good to see you well all this week the e.u. declared its preparedness to start formal trade talks with the us how would you assess sentiment out of washington also given this development. well especially u.s. president donald trump has said that when it comes to trade to europe is probably as bad as china he called trade dealings off for europe a brutal at some point so i'm quite certain that he will not be responding too well to those threats i'm having that said if you talk to analysts here around to wall street and washington most people still believe that there will not be an escalation in the trad

e.u. over. steel tariffs on those imports into the u.s. he said in the past he isn't afraid of a trade war and certainly making moves like trying to place of the best part of eleven billion dollars worth of tariffs on the new products coming into the into the united states so it seems like living up to each word on this one. thanks for that peter let's cross live to paris now and our correspondent shall i do penske schaller what has been the reaction from europe. where we are expecting in the next hour for a joint press conference to take place that's the e.u. and china they've been holding their own summit their own talks today in brussels and we do understand that there's been an eleventh hour cord between the two joints into the area for tariffs they've said that they going to present a united front essentially you could see that as being ganging up against the u.s. but we will get more details from that press conference due to begin in the next hour we will bring you details of that press conference in the meantime we've heard from the

e.u. has been anything but friendly in recent months. of terrorists on steel and aluminum imports from the e.u. has soured the relationship as has his repeated threat to increase the levy on european made cars. joining us now is our financial correspondent yes court on wall street welcome good to see you now is this threat enough to qualify as a further escalation of trade tensions between the u.s. and the e.u. and how damaging do you think it could be for the talks well i mean so far is not that substantial if you look at the exports from the european union to the u.s. in the past year we are talking about roughly four hundred ninety billion dollars now those new tariffs are for goods in the amount of eleven billion so it's minor in that sense but certainly there is some uneasiness if we might be seeing some tit for tat so now that the european union might answer and that could provoke u.s. president donald trump and his administration once again and that's where the danger lies so that those two sides will actually start a fight it was the each other and tha

e.u. since imposed levies on european steel and aluminum and friend similar action on european made cars recently trump warned he could slot eleven billion dollars in e.u. goods with fresh tariffs. our financial correspondent joins us now from wall street hi ends now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they're running a trade deficit with the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in their hands as the might depend a bit more

e.u. has been anything but friendly in recent months trumps punitive terrorists on steel in aluminum imports from the e.u. has soured the relationship as has his repeated threat to increase the levy on european made cars. global trade is at a crossroads and today's e.u. china's summit in brussels could indicate where things are headed beijing is one of the european union's most important trading poppa's comus between the two has almost tripled since the turn of the century that's mainly due to china's share of global trade it went from five and a half percent in two thousand to over fifteen percent last year the value of a huge china trade volumes came in at a combined six hundred five billion euros brussels will be maintaining pressure on beijing today to open its markets further it also wants more action against product piracy and intellectual property theft let's go over to brussels to get the latest from visa lao correspondent there bob spring is here are you expecting any new beginnings as far as friendships between brussels and beijing. we might at least then talk about some little flo

even citing national security as a reason he's already slapped punitive tariffs on steel and aluminum imports to which the e.u. responded with counter tariffs now the e.u. is offering to abolish tariffs for industrial goods and lower non-tariff trade barriers in other sectors agricultural products however would not be part of the negotiations although washington has pushed for them to be on the agenda the e.u. hopes to have an agreement in place by the end of october it's tamale now a massive landlocked country plagued by security issues and a non diversified economy atala say mali needs more entrepreneurs particularly women they often face big obstacles to setting up their own businesses but that hasn't stopped this next woman. fifteen women working on a march of juries tea company. today they're sorting and packing her biscuits flowers purposes just one of the many different infusions the company produces like all the company's ingredients the flowers come from mali. i. said if you just said i think that i buy the ingredients for my tea you like the biscuits flowers for example from a women's agricultural a

e.u. country has bite. swedish bread is as hard as winter. it's hard it's swedish steel. and it's seen. as thin as the majority that brought the swedes into being you in origin ninety ninety four the margin five percent plus a few crumbs. if you want to be a swedish star baker just mix together sourdough water wholemeal flour rifle our salt and honey. the dose will be tough and resistant take a leaf out of critter to book spoke the swedish schoolgirls been out on the streets for weeks on end fighting climate change we have started to clean up your mess and we do not stop until we are more like to see the amounts to a trade commissioner she wasn't afraid of us threats there is no other partner in the won't like the european union want to get as many trade agreements countries are lining up to negotiate with us but it's a slow process you need to leave the dough to rise overnight not a swedish night in winter they never and ten hours should do it. then add a few drops of squid ink pitch black like a polar night. now roll both goes out and. ice and thin. spray with water then sprinkle spic

e.u that's how it should work. if u.s. starts taking unilateral tariff increases as we had seen previously with steel and alumin aluminum, ins case e.u. is going to come with proportionate measures to balance off those kind of unilateral tariff increases. brekts it, another delay does ultimately brexit happen? it seems like if they're delaying, they must be talking, and if you are talking, maybe they're getting somewhere. >> well, first of all, what's positive is that we manage to avoid most destructive of all scenarios, which will be no deal brexit now there is another extension they'll get to the 1st of october, and that gives you more time for u.k. to make up its mind about their preferred scenario, and it certainly gives time for orderly withdrawal. at the same time i must say that everything is still possible from no deal to no brexit. this darnl half a year certainly it's a good thing because it's given us more time, and it allows to arrive at orderly solution >> thank you zhoo thank you >> elan musk make space-x history. the video you have to see. they have the right stuff. plus, what was no doubt the shot of the day

e.u. slapped a steep tariffs on harley davidson bikes last year as a reaction to u.s. judy's on steel and aluminum. joining me now is our financial correspondent host san luis de haro there you are less than two weeks good to see you now so this is a bit of a shift in tone for donald trump the first advocated for a boycott of the harley's after harvey said it was shifting production to overseas now it's valid to retaliate on its behalf so tell us what's at least what's the thinking there. maybe by by imposing a zone that european cars could be the kind of or a truly asian that we could see but it's too soon to tell. but it's true that a change of heart when it comes to harley davidson will probably help her deal already difficult trade negotiations with the european union and the goal is to avoid any kind of targets on the european auto industry and try to lower or early trade barriers on industrial goods a whole bunch of ministration isn't present to include agriculture us part of any agreement so the harley davidson issue is just another drop in the bucket that seems unjustified act

. >>> there are concessions being offered to get their joint steel venture across the line. after e.uexpressed anti-trust concerns the e.u. regulator hasn't commented on the details of the concessions, but reuters has reported that tata may sell parts of its european packaging activities the deadline for the deal has been extended to june 5th. >> carlos ghosn will not get a fair trial if he is tried along side nissan and former colleague greg kelly this is according to ghosn's lawyer speaking in tokyo, his lawyer described nissan as more like a prosecutor than a defendant in the case meanwhile, renault has told prosecutors about payments made to an omani. the french automaker uncovered the payments following an internal investigation the story that really has so many turns >> certainly does. sticking with the auto sector, the chierm of exor says it will remain loyal to fiat chrysler. writing to shareholders, elkin, who is also fiat chairman says exor would play an active and ambitious role in the carmaker's operations, adding that he believed the next 20 years in the industry will see

e.u. like to say which would prefer. well you know if you heard me michel the news saying this steel is the only way for an orderly breck's it so clearly they've worked a lot on this on the steel machete and said again you know we've spent recent real time and effort to get to get it so i think that is clearly prefer bull having said that of course it depends what else other than the customs union. that the u.k. would want it really depends on what other elements would be attached because to resolve the northern irish border problem you would not only have to be in the customs union but also in parts of the internal market so it's a really complicated thing and that's deal would provide a lot of answers to these complicated questions there's a lot to this it's crunch time once again for brics it and teresa mayes meeting in a few hours with her cabinet to be sitting down for five hours a very long meeting what's being called a showdown what do you think we can expect to come out of the. well the cabinet is meeting without civil servants for a few hours at first and that is might be an indication that they are going to talk