e.u. trade commissioner sicilia mam some said the block is willing to adjust tariffs on industrial goods like cars a focal point for president trump levies on agricultural products remain off the table meanwhile that's a sensitive area for european farmers mom said the two sides are not close but that her office is drafting a pair of mandates or negotiating parameters for approval by e.u. member states. as ever president trump remains the wildcard he's taken the issue to twitter in the past and often dangled the threat of tariffs over european carmakers . monstre said she doesn't believe that auto tariffs are looming also on the trade agenda a meeting between both sides in japan to talk world trade organization reform all three nations are concerned about china's approach to trade. you know forming your position against china we have wifi and that many of the chinese practices. because they are no use for that to continue to and that's trying to do it means for the u.s. and the e.u. a rare area

free trade agreements the e.u. has with other countries will be innovated very quickly in order to facilitate trade between the united kingdom and those countries but there was a lot of ignorance on the leaf side wasn't that i mean even among some of the most visible campaigners like boris johnson for instance when he was questioned on t.v. last september turned out he didn't know that switzerland was in the single market and refused to accept it when he was told that was the clear i'm not responsible for what is the we voted to let your living breaks it and you hear this sort of nonsense come out why don't you say this is wrong we're british people deserve the referendum result to be implemented it isn't the truth and you told them and i something they deserve and they don't deserve a whole lot of m.p.'s who say they accept the referendum result in their campaigning against it and i do advise our european partners not to overplay their hand. that we the united kingdom is becoming more likely by the day to leave on

policy while potentially keeping us out of existing e.u. trade policy we would be cut off from the world with our trade and economy regulated from brussels but there's another side to this story as the world trade organization director general puts it himself it's not the end of the world trade will not stop it will continue. as will be negotiating with the e.u. . the legal basis on which that trade is going to happen doesn't mean that you have a disruption in terms of trade flows or are becoming more moderate on the ticket so now that may's deal has been shelled for the time being surely some people should be happy wrong brace yourselves for the worst or at least that's the narrative that the media has been pushing right from the start plane to be unable to fly from the u.k. to the e.u. and vice versa creating chaos in ports before this is not an apocalypse movie is it. could britain be isolated overnight will all planes be grounded after brags that well the easyjet chief executive doesn't quite mirror that sentiment. deal so no you're. confiden

e.u. acts in bat fetes there are obligations for to. do their best to get to a trade deal now you may ask yourself what does that even mean legally but one way out of this would be to sort of clarify. the rights that the u.k. has under this to abandon the backstop also. if you really care to have a sustainable deal i think it's the responsible thing to try to make sure that britain will not forever be stuck under to a customs regime of the european union i don't think anyone can imagine the world's fifth biggest economy would forever follow the e.u. trade regime and as hard as it may be to reconcile that not only with avoiding border checks in order not and but also with protecting the supply chains of companies between mainland europe and britain away haast will have to be phoned to enable do a two one day recover trade powers and catherine i will get to you in a moment but i want to go back to jonathan just because i could tell by the way he was them shaking his head you perhaps wanted to respond to what peter was saying. the point is that it's if you have different

form in its own trade deals with other countries around the world because it will be tied to the e.u. trade policy so what must happen is some sort of middle way perhaps where britain stays in a customs arrangement a customs union if you like for goods which is a very well a long established part of the single market with the e.u. but perhaps it retains the freedom to make its own trade deals in services and we know that this is one of the big growth areas the british government wants to explore with the u.s. for example in trying to make deals to get contracts in government procurement that could be a way forward but isn't that something david that the european union at least up until now has categorically rejected that it wasn't going to separate services for example from. goods. well actually it's to reason may who's ruled out staying in any customs union with the e.u. it's one of her red lines so she would have to withdraw from that red line and try and come up with something and i believe this might be negotiable something that keeps a close if not identical relationship on goods but a

e.u. companies to trade with iran through a european payment channel created by france germany and britain it's expected to be formally endorsed by all twenty eight e.u. members president trump imposed tough sanctions on iran last year and has more from paris what european media is reporting so far is that it would be called in stakes it would be a transaction channel based in paris run by a german bank manager but with a supervisory board based in the united kingdom and it would deal mainly with trade between the e.u. in iran in areas such as food medicine and medical devices but it could be expanded to other things in the future. u.s. senators have launched a new bid to end support for the saudi u.a.e. coalition in yemen they've submitted a draft resolution that passed the senate in december but was blocked in the house of representatives sudan's president omar al bashir is announce the reopening of the border with eritrea was closed for about a year after he accused the eritrean government of supporting rebel groups in sudan the announcement comes as a time of growing protests demanding

managers lessons that can be applied to other cases in the future for example how to include non e.u. trade partners like china with its deep pockets the higher the volume of transactions the more lessons european officials will learn well you know there might be a commercially significant but i am reminded of the great dr seuss who wrote horton hears a who you know i mean it just takes one voice in the wilderness to change the course of history if the u.s. wants to antagonize very well educated state like around and force them to adapt and open up a pandora's box of dollars ation have at it buddy but i think you're on the losing end of that tree and you know again she looks at the swift system and why. so important most americans don't know this because you will not most americans do tune in to the likes of fox news or c.n.n. or rachel maddow on m s n b c or chris hayes and they never will talk about first they'll never talk about the financial system and how the u.s. dollar as the world's reserve currency does advantage them in particular but all americans you know many americans not nece

e.u. trading rules indefinitely this would be the most favorable outcome for to raise that may although dublin has already said the backstops non-negotiable ireland. has the same position as the european union now i think when we say the backstop as part of withdrawal agreed ok is part of a balanced package that isn't going to change and then there is blow three potentially terminal one one that could wrestle the brags that process out of the government's hands altogether politicians could force the government to pursue a softer bragg's it or even hold a second referendum the prime minister is trying to buy herself one last chance to save this deal if she doesn't take on board the fundamental changes required then she must make for those who can depending on which changes are adopted this evening is said to be judgement night for to reason may's so-called plan b. it will either keep bobbing in the water or anti bragg's etampes will sink it like a stone where that leaves the brags that ship is anybody's guess the government's opposed to delaying the u.k.'s everything if politicians vote to do j

e.u. trading bill. that's something that she's she's ruled out as one of her red lines was and was not being part of that she wants to forge as an independent trade deal but the fact remains he just has to get this deal through parliament she could pick ups and some opposition labor votes if she was as for example say that will say in the customs union that could just be a compromise that she has to reach that the consequences of that would be it would completely sever policy because she has a hard line breaks it is it would say absolutely no way is that what she means when she talks about self interest the country sorry the country's interest over policy and self interest all right let's take this now to london our barbara these illustrating by. there she is barbara let me ask you how did you read this i mean there was really nothing new in what she said and it almost had the feeling that she was trying to neatly you know package the past twenty four hours showing that she has shored up what little pow

number of countries endanger their business model as global free trade is increasingly under threat e.u. trade commissioner cecilia munster said that if the u.s. were to follow through on imposing tariffs on european car imports the e.u. would respond that's a scenario that europe's biggest carmaker fox wagon desperately wants to avoid at the same time the company is trying not to fall further behind when it comes to emo bit of the here's more from. each. have the french minister and the german minister say both said was that yvonne to push for protection off eat better ease in europe what do you think about the idea i think this is a very positively because i'm just coming from this morning's meeting touching on electric cars and i think it's ruled by a very positive sentiment about it we will see many electric cars on the road starting twenty twenty all over the world are in many countries of the. i would say even that charging there will be the in a few years time also worldwide the biggest constraints might be better respect to resales because investment being necessary there is huge and t

e.u. free trade agreements then there is an incentive to give a part in the customs union we have to build a huge market to be a global player that is on a level playing field with china and the united states that's why we must form the market as big as possible you also say that this switzerland model could also go beyond britain what do you mean by that we have to acknowledge that there are many countries in the periphery of a core europe that wants to be a political union that wants to have maybe a new army that uses the euro currency but does perry free countries may only be economically linked to the e.u. internal market and just for example could be a model not only for the united kingdom but also for turkey which is part right now of to customs union but also for serbia and in the very long term for the ukraine and even for russia. very briefly martin if you can how likely do you think a switzerland solution is for britain to get accepted to britain. well it depends on the willingness of european negotiators to to offer this solution to the united kingdom a think british politicians

e.u. companies to trade with iran through a european payment channel created by france germany and britain it's expected to be formally endorsed by all twenty eight members president trumpery imposed tough sanctions on iran last year natasha battle has more from paris. e.u. leaders are meeting in book arrest and they are expected to give more details of a transaction channel a new payment mechanism that they have set up to bypass the sanctions on iran and try and keep the nuclear deal alive now what european media is reporting so far is that it would be called in stakes it would be a transaction channel based in paris run by a german banking manager but with a supervisory board based in the united kingdom and it would deal mainly with trade between the e.u. in iran in areas such as food medicine and medical devices but it could be expanded to other things in the future now just to give you a bit of a back story ever since donald trump announced that he was re-imposing sanctions on iran last year the european union has been scrambling for a way to try and bypass those sanctions to keep that

e.u. companies to trade with iran through a european payment channel created by france germany and britain is expected to be formally endorsed by all twenty eight members president trying to impose sanctions on iran last year washington has warned the e.u. against trying to sidestep that sanctions on tehran well our economics editor ammad ali joins me live now on set and so what more do we know about this payment mechanism of the europeans have devised so the information we have is pretty sketchy right now we have the a.f.p. news agency reporting what it understands from its source these stories so far so as we said you the european union has been looking to bypass sanctions which were reimposed by the u.s. and to do that they've set a place special fickel which will be run by britain france and germany it will be based in france and germany and the purpose of that will be so that small and medium sized companies can trade directly with the. to exchange dollars and euros now the whole idea is to actually not to trade dollars because once you start trading dollars you fall foul of u.s. sanc

e.u. companies to trade with iran through a european payment channel created by france germany and britain is expected to be formally endorsed by all twenty eight e.u. members president trumpery impose tough sanctions on iran last year and washington has warned the e.u. against trying to sidestep its tungsten will attach a butler joins us live now from paris so it seems that even leaders have found a way to bypass u.s. sanctions on iran. that's right leaders are meeting in book arrest and they are expected to give more details of a transaction channel a new payment mechanism that they have set up to bypass the sanctions on iran and try and keep the nuclear deal alive now what european media is reporting so far is that it would be called in stakes it would be a transaction channel based in paris run by a german banking manager but with a supervisory board based in the united kingdom and it would deal mainly with trade between the e.u. in iran in areas such as food medicine and medical devices but it could be expanded to other things in the future now just to give you a bit of a back story e

new one in the european union we've always been a champion of free trade i'm delighted that starting the first of february will have the e.u. japan free trade agreement and we're also in favor of trade talks with the united states. we've been able to complete trade talks with canada and i think others should follow. but michael's place down in sharp contrast with actual events britain's exit from the e.u. is just one example of international ties being said it. didn't stop her from addressing the subject of bricks and i. you know we all have to deal with the shock that britain wants to leave the union. all my efforts go toward trying to see this happen in a well ordered manner we want to have a good future partnership. then. the future of that partnership michael says is now in the hands of the british. are less recap of our top story for you and that is the political crisis in venezuela the interim president tonight if it is true what we are hearing is a man named one saying that he is taking over from the illegitimate president nicolas maduro but jury's reaction to that tonight has been want to cut diplomatic ties with t

e.u. companies to trade with iran through an e.u. payment channel which has been created by france germany and britain last year you remember president trump reimposed tough sanctions on iran and warned countries against trying to sidestep the measures for its part the us state department says it doesn't expect this move to affect its campaign of maximum economic pressure against iran but speaking in bucharest the foreign policy chief reiterated her confidence in this new system establishing a special this week on this i believe the mechanism that will allow. for an intimate treaty not to continue as for seeing in the nothing to support from our side. and we are discussing on saddam any chance upon this and other regional issues talk to come down just two days ago including our. transfer frantic relations sometimes you think. so with iran and preparations are being made to mark the fortieth anniversary of the nine hundred seventy nine revolution that will be on friday those celebrations the islamic republic it was created after ayato

e.u. acts in bat fetes there are obligations for to you to do their best to get to a trade deal now you may ask yourself what does that even mean legally but one way out of this would be to sort of clarify. the rights that the u.k. has under this to abandon the backstop also. if you really care to have a sustainable deal i think it's the responsible thing to try to make sure that britain will not forever be stuck under to a customs regime of the european union i don't think anyone can imagine the world's fifth biggest economy would forever follow the e.u. trade regime and as hard as it may be to reconcile that not only with avoiding border checks in order not in but also with protecting the supply chains of companies between main and europe and britain away haast will have to be phoned to enable do a two one day recover trade powers and catherine i will get to you in a moment but i want to go back to jonathan just because i could tell by the way he was shaking his head you perhaps wanted to respond to what peter was saying. things the point is that it's if you have differential tariffs betw

e.u. acts in bat fetes there are obligations for you to do their best to get to a trade deal now you may ask yourself what does that even mean legally but one way out of this would be to sort of clarify. the rights that the u.k. has under this to abandon the backstop also. if you really care to have a sustainable deal i think it's the responsible thing to try to make sure that britain will not forever be stuck under the customs regime of the european union i don't think anyone can imagine the world's fifth biggest economy would forever follow the e.u. trade regime and as hard as it may be to reconcile that not only with avoiding border checks in order not in but also with protecting the supply chains of companies between main and europe and britain away haast will have to be found to enable do a two one day recover trade powers and catherine i will get to you in a moment but i want to go back to jonathan just because i could tell by the way he was them shaking his head he perhaps wanted to respond to what peter was saying. the point is that it's if you have differential tariffs between north

e.u. customs union indefinitely if future trade relationship talks fail. the problem with this of course is that the e.u. has repeatedly said yesterday said this morning will say again this afternoon that there is no scope for reopening the withdrawal agreement and no scope for fundamentally altering the backstopped reason may says she will look for things like a fixed end date for the backstop she would look like look for a unilateral mechanism by which britain can we drop the backs of it wants to there is the multitasks suggestion outlined there of technical solutions that would negate the need for hard border checks on the island of ireland during that period when trade talks go on again problems problems problems all of those issues have in the past been rejected by the e.u. and it's.

e.u. trade tensions what do you think and as the alternative what is happening now some of the biggest richest companies not paying as much tax as everyone else la i think you've answered that question that it isn't fit. well it's not because we're talking about companies that pay maybe eighty percent tax where other companies pay twenty three percent and even if you look at the tax that france is proposing they're looking to make about five hundred million euros this year and if you think about the revenue the earnings just in the last quarter just in the last three quarters three of two thousand and eighteen of just facebook they made fourteen billion dollars so that's about four point five billion a month if you break it down to days that's about one hundred fifty million or so at day so if facebook was to pay the end hired c. of the tax that france wants to sue to levy. that would take about four days of earnings right now so we're not really talking about anything that's going to make a hug

e.u.'s external trade policy but not much about the logic behind political integration. nor could they answer this question you know which is also very difficult for europeans can tip how can very different states with a different past and different historical baggage to tie their political fates together and conduct politics on a daily basis and. put it to mom. you would vice politicians and economists you can follow the thought patterns advise them in conflict resolution what do you not become a politician yourself. think about it being a politician and advising politicians are two very different things. voters have to give politicians a mandate while advisors have table of my deah is they give politicians alternatives. they never take decisions themselves and that. they need to have the freedom to think up alternatives. and. i found the intellectual side of developing ideas more interesting than the business of finding support for my own positions. surely also very interesting or. important to ones of the any the way i always have three questions at the end of the day