in recent days rallied modestly today on the news about the e.u. trade deal as well as rumors that nafta renegotiation may be announced soon on monday the peso a fall into nearly twenty to the dollar and finally right hailing service a d.v.d. began operations in mexico on monday starting to win the city of toluca devi famously won the battle with for the chinese market and the fight now moves to latin america. the big burden of student debt is

that will be a major issue, e.u. trade tariffs and some possibilities of increasing taxes on european autos coming our way. it will all be part of the

especially in the automobile industry and in the sea it's mechanical engineering and if the trade here between the e.u. and makes the call goes through the partnership with even stronger. there are reporters stephen beardsley is also at the head of a trade for for us the trade fellow asked him if that trade agreement between mexico and the e.u. can also be seen as a broad hint towards the white house. it's obviously it has a lot of symbolism there it is of course there is something substantial to it as well obviously this is an update to agreement that was struck twenty one years ago that mostly deal with industrial products this deals with agricultural products as you said this is also symbolic though but of course mexico needs more than a free trade agreement with the e.u. because of the outsized role the u.s. plays in its trade so it's going to have to go a little bit further but this is something that's very symbolic about the meaning of free trade and the value of free trade to both countries germany and mexico seem to have a fair a circus in the latest in industrial technology but i'm american s

commission and society amongst the e.u. trade commissioner has been negotiating with the americans but of course european leaders such as president mccraw of france who was here earlier this week and could also trying to nudge the americans to some kind of at least a compromise so. some members of the german government already indicated that they're not very optimistic that there will be an indefinite exemption for the europeans right now but maybe another extension for the exemption that would be a first step and already a success for the europeans but it's going to be tough mccraw america doing this in the tech team in a tech team mode if you like mccraw trying to softening up on the trump a nomad is trying to reinforce the european perspective we have not crossed leaving and merkel coming into rotating door of european leaders in washington there we know that another big issue on the table is the nuke the iran nuclear deal and we hear that micron was trying to convince on trying to keep supporting it he says that he may have f

in recent days rallied modestly today on the news about the e.u. trade deal as well as rumors that nafta renegotiation may be announced soon on monday the peso a fall into nearly twenty to the dollar and finally right hailing service a d.v.d. began operations in mexico on monday starting to win the city of toluca devi famously won the battle with for the chinese market and the fight now moves to latin america. the big burden of student debt is a beast for many millennia was in a recent survey by the american student aid assistance program more than fifty percent of younger workers say they are concerned quote all the time about paying off their loan three port also found that close to ninety percent of the respondents would consider committing to working with one employer for five years if they received some assistance in paying off their student loan debts and here to discuss the rough road for millennial student loan debt and the potential dangers is john garcia she's the president the united states student association it's good for you to be here that

understand that there are high level talks going on you asked about the european union i mean the e.u. trade commissioner is in constant talks with the united states states but as expectations were low it ahead of this visit there were also noises coming out of washington that if the european union was willing to give some kind of ground then there might be a continuation of the extension on the trade tariffs so there seems to be a bit of room for maneuver i think it's very unlikely that merkel would be able to go home and get take the credit for that and frankly she doesn't really want to because he doesn't want to be seeing negotiating for the european union and also on the iran issue we saw him on a call offering a kind of segue way out of where these talks are stuck right now talking about potential additional agreements on top of the iran nuclear agreement both actually held a joint conference press conference last week in berlin where they emphasized the whole issue of ballistic ballistic missile program of iran containing iran in the region these could be potential out on that could s

to one side striking a supercharged trade pact with the e.u. instead also coming up if you have been irritated by customer service in your local bank how's this for a change apparently you can be irritated by the technology instead in this human lives bank branch. is the chinese job market sexist human rights watch says absolutely will speak to that china director to find out why. and daniel winter and this is your business update us president donald trump's threats of tariffs sparking cooperation among his rivals mexico and the european union taking a stand for free trade abolishing almost all tariffs between them in a new deal thanks again president enrique pena nieto took the time to browse the world's biggest industrial fair in hanover on monday saying he's also optimistic about a renewal of the north american free trade agreement which trump has threatened to tear up for german engineering companies like bush rex wat mexico is a very enticing prospect on the one hand as a market for production robots and other engineering equipment but als

trade gap was partially offset by increased exports to the e.u. from the u.k. here to join us is steve keen steve we thank you so much for being with us particular when it's late over there in london the u.k. deficit trade deficit is smaller than previously thought what are we to make of it . well not a lot it's not a measure of fluctuation and then there are elements about revaluation of including profits on financial transactions which went recorded previously which are produced to try deficit for a substantial margin going back quite a few years since they've backtracked in the data so it's not a major change it's i think we spend far too much time worrying about mana fluctuations around long term trends and the long term trend i think is still for the u.k. to have a much bigger try deficit than it should actually have and it's largely in that situation i think because of the impact on the euro making german manufacturing exports and the like a lot cheaper than they would be if they had a genuine currency in europe rather than the euro i'm curious that's a gr

well i mean there is there is some leverage because of course the there's the prospect of a trade war so the e.u. saw it enough to get germany doesn't negotiate on trade maxes alone as the chancellor pointed out it's an e.u. question the e.u. have raised the possibility of you know introducing tariffs own peanut butter and bourbon and things like that. but they don't really want to do that this was a last ditch attempt really by angola medical to. bring president trump to point out to him that you know the importance of free trade and america was saying that there really should be a full on trade agreement between the e.u. and the u.s. but that of course is something there's a luden looted negotiators for many years and given that germany's exports particularly of automobiles to the u.s. are very key export is very difficult to see where the leverage really comes from the german side another major issue on the table with of course their raw nuclear deal briefly if you can if you're going to similar position at the mercy of trump here what trump. is the one who's saying that he's going to pull ou

a statement about the value of free trade now of course mexico needs more than a free trade agreement with the e.u. to make up for its trade with the u.s. its biggest trade partner so we'll see what happens ahead and stephen the hanover fair is showcasing the latest in industrial technology and the german chancellor says german companies have quite some catching up to do when it comes to artificial intelligence intelligence tell us why. that's right i mean this is widely seen both from an academic perspective receipt papers on germany lagging behind and also from polls of businesses you see executives say the same thing one of the reasons for this is that germany's economy has been structurally set up as a manufacturing economy it has little incentive or had little incentive in the past to really push forward on issues such as the digitalisation schools for example big research centers that you might see in the u.s. tied in with industry they're really unconnected here and you are seeing an effort to move in the other direction you are seeing for example that artificial intelligence was a big topi

in recent days rallied modestly today on the news about the e.u. trade deal as well as rumors that nafta renegotiation may be announced soon on monday the peso would fall into nearly twenty to the dollar and finally right hailing service a d.d. began operations in mexico on monday starting to win the city of toluca devi famously won the battle with her for the chinese market and the fight now moves to latin america. the big burden of student debt is a beast for many millennia was in a recent survey by the american student aid assistance program more than fifty percent of younger workers say they are concerned quote all the time about paying off their loans the report also found that close to ninety percent of the respondents would consider committing to working with one employer for five years if they received some assistance in paying off their student loan debts and here to discuss the rough road for millennia old student loan debt and the potential dangers is just on garcia she's the president the united states student association it's good for you to

deficit with china but with germany as well do you think do you feel that pressure on german foreign trade or e.u. foreign trade will increase further down the line. well we heard already some indications of that donald trump has already threatened to impose tariffs on german automobiles. well this hopefully is only a threat in so far as also the steel tariffs now are more the u.s. exempted from them at least for the time being so i think as i said in the outset. tries to threaten to put threats and threats into the room in order to get in the yoshi ation position as far as europe is concerned he also wants the european union to increase the defense spending for us for instance you know. germany economic institute thank you for insight. now spanish police have arrested former h.s.b.c. employ. me after he was convicted of industrial espionage in absentia the man claims to be a whistleblower johnny fled geneva with files that were later leaked to the media they were allegedly proving tax evasion by h.s.b.c. clients the is accused of an authorized acquisition of data financial espionage and violatin

a statement about the value of free trade now of course mexico needs more than a free trade agreement with the e.u. to make up for its trade with the u.s. its biggest trade partner so we'll see what happens ahead. steve burson reporting from the front of a trade fair there a german health company for same use has called off its four point four billion euro takeover of u.s. generic drugs maker acorn several essential preconditions that were part of the agreement have not been met by acorn for zen you said in a statement the acquisition would have been the second largest in the company's history but to be cancelled for the news is aiming for a strong foothold in the u.s. generics market a spokesperson. let's get more on this with conrad bosun standing by the frankfurt stock exchange contractors in his siding severe breaches of data integrity tell us more. well yes allegedly acorn failed repeatedly to comply with regulation by the american f.d.a. the food and drug administration regulation with which has to do with how data is being generated stored and communicated in the production of producing pha

especially in the automobile industry and in the future of mechanical engineering and if the trade to you between the e.u. and mexico goes through the partnership with even stronger. they don't use alexa my hand in that report there now we asked the chief economist of the world trade organization robert koopman if donald trump has a point when he says that we should take another look at free trade if the average joe in single countries like the us don't feel the benefits of globalization. what's interesting is i think that ordinary people feel most of the benefits it's just that it's it's in their lower prices and the greater variety of goods that they get to buy every day it's very diffuse it's very spread out across many many people the people who complain more about it of the firms the feel like they're on able to compete with foreign imports and their workers and that's a much more concentrated group of people and they tend to be more vocal they organize because they're more concentrated there of their will organize and complain about the effects of trade our research has shown that the big much bigg

e.u. and the u.s. in trade and in other matters and make sure that that is all understood and taken into account when we decide how we're going to resolve the trade issues that are out there and from the sense that you get when you speak to exporting companies for example do you think that there will be a big impact in the economy as such in the end or do you expect stability rather well as we just heard the steel is really almost symbolic when it comes to trade at least between germany and the u.s. and that's why like i say we should not overreact because knowing our proclivity to export that's what has made the german industrial base so successful we could very quickly see problems if a real trade war erupts and there's a whole list of things that suddenly are slapped with tariffs and we should never forget the ultimate losers the consumer any tariff that goes out there is a tax on people that are buying the products that are produced in either germany or the u.s. francs or laurie from the german american bus

trade deficit with the e.u.

trade tariffs on the e.u. or agree to an expanded iran nuclear agreement but if trump changes his mind on either issue many people in france may feel the tulip backslapping and smiles who was it. al-jazeera paris when they were ahead on the news hour including a show of unity germans rally against anti-semitism after an attack and berlin. and then didn't go through with millions of followers a sentenced to prison life and prison for rape. and sport its advantage around the track after the first leg of their champions league semifinal where i am. place in the u.s. state of california have charged a former police officer they suspect of being the so-called golden state killer

germany's trade surplus with the united states and is not happy about it he blames unfair trade activities by the e.u. he has by now understood that he cannot strike a bilateral deal with germany because trade in the european union is the product of all the negotiations over trade agreements is the progress of the e.u. commission but of course he wants germany to use its influence on the e.u. commission to make concessions to the u.s. but that's very hard for america to do and also she can on german producers to be less competitive or german consumers to buy more american products so i think he's asking a bit too much you cause of phenomena and i thank you so much and but it's fallen from. bad colors thank you. this is now with monica jones of the financial world is what watching those talks in washington but as you can imagine obviously it's been mentioned already terrorists would have big implications on certain industry sectors so far the markets have been u.s. trade policy in their stride but how long will this cool go on for let's cross over to an advise for standing by for us in frankfurt so th

trade tariffs on the e.u. or agree to an expanded iran nuclear agreement but if trump changes his mind on either issue many people in france may feel that all the back slapping and smiles were worth it natasha butler al-jazeera paris. well protests are continuing in amini as capital as the political crisis unfolds thousands of people timed out to the streets on the call from the opposition leader who accuses the government of refusing to negotiate a transfer of power celebrations to go after the acting prime minister announce fresh elections to write and pass but critics say they don't trust the current government to him to see the electoral process demonstrations began almost two weeks ago as the political reforms which the opposition is seen as a power grab rather than for say a walk on. the people on the streets in that tens of thousands why because those talks that would seem to go ahead with because it's

that will be a major issue, e.u. trade tariffs and some possibilities of increasing taxes on european autos coming our way. it will all be part of the agenda. >> sandra: kevin corke, thank you. let's bring in our deputy director for strategy for the atlantic council and an associate professor at georgetown university. good afternoon, sir. thank you for coming on with us as we just saw the white house briefing wrap up. we await this one on one meeting with the president and macron. as we just mentioned, certainly north korea will be a big deal. but all the iran deal which, as we know, macron has been very clear on the way he wants this president to go. >> well, the iran deal is currently structured not in the u.s. interest. the limits on iran's program will expire over time. and so trump has said he's going to renegotiate to try to get a better deal despite what macron's saying, my understanding is that the working left of this government, the united states, french, british, are actually making progress, is germans, are mak

e.u. and certain other countries exceptions pending the outcome of new trade talks the e.u. has said it will apply counter measures if the u.s. threatens its metal industries so considering that i'm going to america is on her way now to washington why would the german government mention their concerns regarding the may first deadline now well that's what i asked our financial correspondent in frankfurt. well it certainly looks like the government wants to prevent big disappointments because it's pretty clear that a solution for this. conflict with the americans about terrorists will not be found on the national level it's not the berlin government that will negotiate this with washington it's the european level the european union which will have to find a solution together with the americans but for sure until america will mention the topic when she is going to meet donald trump in washington she will repeat the position of the government that the government things those terrorists are wrong which means that this statement now can also be seen as a reminder to everyone that

a statement about the value of free trade now of course mexico needs more than a free trade agreement with the e.u. to make up for its trade with the u.s. its biggest trade partner so we'll see what happens ahead and stephen the hanover fair is showcasing the latest in industrial technology and the german chancellor says german companies have quite some catching up to do when it comes to artificial intelligence intelligence tell us why. that's right i mean this is widely seen both from an academic perspective receive papers on germany lagging behind and also from polls of businesses you see executives say the same thing one of the reasons for this is that germany's economy has been structurally set up as a manufacturing economy it has little incentive or had little incentive in the past to really push forward on issues such as the digitalisation schools for example big research centers that you might see in the u.s. tied in with industry they're really unconnected here and you are seeing an effort to move in the other direction you are seeing for example that artificial intelligence was a big topi

e.u. representatives are scrambling to find a last minute agreement to avoid the introduction of punitive tariff spy the u.s. the americans expect concessions saying they've been unfairly treated when it comes to trade with the e.u. the munich based institute for economic research study the tariffs on five thousand products to compare the e.u. and u.s. tax each other the results there are considerably higher barriers for u.s. products entering the e.u. than vice versa on average europeans charge a five point two percent levy as opposed to just three point five by the americans u.s. beef is especially hard hit it's taxed at sixty eight percent meanwhile the u.s. charges a forty nine percent levy on european tobacco products and twenty two percent on trucks. experts suggest lowering import duties on both sides while that would reduce european customs revenue it would certainly be cheaper than starting a trade war. in the air or to think that you can fight protectionism with protectionist policies it's like trying to tackle stupidity with stupidity. and if the conflict intensifies people could end up losing their jobs as a result. if that happens i'll be a little as if to talk about it from the macro e

doing that so that mark wrong but of course trade is the prerogative of the european union so the leader for these negotiations is to see a must room the e.u. commission for trade but of course european leaders like michael and michael has been trying to sway the americans to make sure that say europe gets a permanent exemption from those tariffs right now as you just heard in their reports it doesn't look too good but you never know with donald trump it could be that he would decide to at least extend the exemption for the european union just before the deadline all maybe even to make it permanent but i'm not sure i'm actually i'm pretty sure that he will not just hand it over to a mac and after that talk and say what has been fully convinced by and you're of bones have to face those tariffs that's not his style he would wait until the last minute. and phenomena for us in washington ethiopia has a lot happening today thank you very much. now as we look ahead to that visiting back on track in washington we know that trade issues are set to dominate a lot of the agenda get had authors let's get an idea of that that's right my and here's the

e.u. and some other trading on those exemptions will run out soon and talks on a more permanent solution. half a trillion euros that's how much journalism business plans to switch to renewable energy will cost the german economy in the next seven years alone it's about acts balin wants to phase out nuclear and at the same time reduce carbon emissions so far the shift in policy has brought no significant reduction in c o two emissions. teemu set its sights on reducing c o two emissions as fast as possible and plans to lower the use of fossil fuels like coal was at the same time pivoting towards more renewable energy sources. has declared a minister become the first major economic bloc to reduce c o two emissions by thirty five percent by twenty thirty at the same time the proportion of renewable energies will be pushed to thirty five percent of energy needs the plans are expensive they are expected to cost germany alone five hundred twenty billion euros by twenty twenty five. that averages out to twenty years a month per capita for germany whereby most of the bills from four hundred billio

for german chancellor angela merkel told mexico's president to trade ties between the two countries are also set to expand under the new e.u mexico free trade agreement but security still poses a major problem along with corruption mexico is also in the midst of tough nafta free trade negotiations with the u.s. and the country elect a new president in july but those uncertainties are unlikely to scare off german investors. german companies find the strings and opportunities in mexico outweigh the risks of continuing to expand their mexican operations especially in the automobile industry and in the sea is just mechanical engineering and if the trade to you between the e.u. and makes the call goes through the partnership with even stronger. a bank in shanghai is calling itself the first in the country to go free that is apart from the cost of mergers of course the on man brands of china construction bank has just opened its stores high tech and high street bank branches are supposedly a response to growing competition from cashless payment systems giving the banks iran for their money. who needs the human touch this branch

e.u. representatives are scrambling to find a last minute agreement to avoid the introduction of punitive tariff spy the us the americans expect concessions saying they've been unfairly treated when it comes to trade with the e.u. the munich based institute for economic research study the tariffs on five thousand products to compare how the e.u. and u.s. tax each other the results there are considerably higher barriers for u.s. products entering the e.u. than vice versa on average europeans charge a five point two percent levy as opposed to just three point five by the americans u.s. beef is especially hard hit it's taxed at sixty eight percent meanwhile the u.s. charges the forty nine percent levy on european tobacco products and twenty two percent on trucks. experts suggest lowering import duties on both sides while that would reduce european customs revenue it would certainly be cheaper than starting a trade war. in the air or to think that you can fight protectionism with protectionist policies it's like trying to tackle stupidity with stupidity. and if the conflict intensifies people could end up losing their jobs as a result of big development in the us mobile telephone sector t. mobile us w

such as climate change as well as trade barriers. the e.u. is really worried about trade barriers and the imposition of carrots on steel and aluminum. let's just kind of look at the pitches for a moment as u.s. lawmakers wait to greet the french president who is expected to address the joint session of congress and his address is expected to last for about sixty minutes. with need the studio is tyson a buckle is also watching these pictures if the u.s. congress and welcome tyson what are you expecting actually from the crows address today well i think like was mentioned there's going to be a lot of reference to the historic relationship the historic bilateral relationship between the united states and france france is the united states is oldest ally lafayette marketed it was a central commander in the war of independence against the british when the united states was founded and that's a tradition of course as nato through the first and second world wars that continues to this day so you hear a lot of references to the past but mccrone is kno

doing that's so the mark wrong but of course trade is the prerogative of the european union so clear the leader for these negotiations is to see a must room the e.u. commission for trade but of course european leaders like michael and michael has been trying to sway the americans to make sure that europe gets a permanent exemption from those tariffs right now as you just heard the reports it doesn't look too good but you never know with donald trump it could be that he decides at least extend the exemption for the european union just before the deadline or maybe even to make it permanent but i'm not sure i'm actually pretty sure that he will not just hand it over to anglo-american after that talk and say what i've been fully convinced by and you're of bones have to face those terrorists that's not his style he will wait until the last minute. and phenomena for us in washington d.c. where there's a lot happening today thank you very much. still to come doing the heavy lifting for a new feeling of power well need saudi arabia its first female fitness pioneer hands. and it seems that the greek debt drama is it nearing its final acts again how do you

e.u. wants a free trade agreement with india britain is now leaving the e.u. does that make this free trade agreement more likely the free trade agreement negotiated is have been going on for a decade and they've been stalled for a better part of the decade because of demands from both sides that have not been met but i think with bracks it is an opportunity to kick start these negotiations and keep in mind india had was free movement or better movement professionals within the european union now because of stringent visa regulations the u.k. was opposing that backs of the e.u. has possibility to offer more concessions to india and germany in fact is taking the lead in pushing forward their feet agreement negotiations because with the u.k. leaving germany stands to meet with the free trade agreement with india i have to also ask about india's perspective on the commonwealth because we saw in that previous report that there's a lot of energy being put now into the commonwealth how realistic is that as an alternative for it. i think it's going to be extremely dif

e.u. and the u.s. in trade and in other matters and make sure that that is all understood and taken into account when we decide how we're going to resolve the trade issues that are out there and from the sense that you get when you speak to export in companies for example do you think that there will be a big impact in the economy as such in the end or do you expect stability rather well as we just heard the steel is really almost symbolic when it comes to trade at least between germany and the u.s. and that's why like i say we should not overreact because knowing our proclivity to export that's what has made the german industrial base so successful we could very quickly see problems if a real trade war erupts and there's a whole list of things that suddenly are slapped with carrots and we should never forget the ultimate losers the consumer any tariff that goes out there is a tax on people that are buying the products that are produced in either germany or the u.s. francs or laurie from the german american bus

e.u. efforts to reach a free trade deal with india. you're watching t w news still to come after twenty two years in charge at english soccer club arsenal coach parson bingo is stepping down at the end of the season we ask our sports correspondent about the legacy of one of the game's great thanks she's. all right germany lobbying for europe in washington it helps that he got a big job to do the count down his own now right for the european union to make sure it secures that permanent exemption from u.s. tariffs on steel and added many amid rising at trade tensions between washington and beijing and the current temporary exemption runs out on may first germany's vice chancellor says he's optimistic a solution can be found only say that i'm going to who will travel to washington next week to make the case personally. all of shoals had to wait more than an hour to get accepted into the white house what else to do but take a stroll with the german ambassador in front of the famous building eventually the german finance minister met us vic

e.u. agreed to overhaul the trade agreement l first it will have that story and more business news in just a moment stay with us. i'm going to the whole d. w. on one leg. w. claim made for minds from going to get a musical misquote me to just let significance of. the so-called play.

e.u. agreed to overhaul the trade agreement. that will have that story and more business news in just a moment stay with us. the whole d w. w made for minds for. a news only to the once a. little cold chain cannot produce conses side but. people have put big dreams on the big screen. t.v. movie magazine on d w. a deal with a message mexico and the european union agree an overhaul of their trade agreement as companies sat fear u.s. president trumps protectionist policies are going to get them on. germany's for. company. pulls out of a billion euro takeover a few u.s. drugmaker a kong with brought a strangely worded statement. this is the business live from berlin i'm as welcome to global trade relations are under fire by used u.s. president trump now mexico and the european union are taking a stand for free trade both sides are overhauling an older trade deal abolishing almost all tariffs between them german chancellor angela merkel and mexico's president and weak opinion yet opened the mexican exhibition stand at the world's big

trade deficit with the e.u. is around one hundred fifty billion dollars a lot fueled by germany's export heavy economy it's responsible for almost a quarter of all e.u. exports to the united states time to rope in our financial markets reporter only by standing by in frankfurt ali just tell me is there any other way of fighting such a big trade deficit than imposing tariffs. well you can devalue your currency what does that mean that means you make the dollar less valuable and thus everything you export becomes more attractive to people let's say in china or in europe because they can buy a cheaper the u.s. currency is cheaper for them so they buy more and. you can save jobs at home the chinese have been doing that for many years for many years now although it's slowly eased the control over their currency so the currency has revalued a bit it's gone up a bit but that has helped them tremendously the u.s. can't really do that anymore considering how they important they are internationally and because interest ra

e.u. and certain other countries exceptions pending the outcome of new trade talks the e.u. said it will apply counter measures if the u.s. threatens its mettle industries for more on that i would like to chat now with our financial correspondent who is standing by for us in frankfurt comma considering that angela merkel is on her way to washington why is the government coming out with this now. well it certainly looks like the government wants to prevent big disappointments because it's pretty clear that a solution for this. conflict with the americans about terrorists will not be found on the national level it's not the berlin government that will negotiate this with washington it's the european level the european union which will have to find a solution together with the americans but for sure until america will mention the topic when she. is going to meet donald trump in washington she will repeat the position of the government that the government things those terrorists are wrong which means that this statement now can also be seen as a reminder to everyone that the gov

e.u. agreed to overhaul their trade agreement and stand up for international free trade chris of color will have that and more in your business round up coming up in just a minute american evanston thanks for watching. the. earth go home for saving global india's tells stories of creative people and innovative projects around the world ideas the protect the climate and boost green energy solutions by global owing to his being by a series of global three thousand on d w and online. time for an upgrade. hundred sure that grows all by.