we've already discussed the issue with the european trade commission. me. other countries including japan and australia are trying to placate the u.s. they are praising washington for sparing canada and mexico from the tariffs on steel and aluminum and they're hoping for more exceptions trumps executive order makes it possible for other countries to deal directly with the u.s. to remove tariffs. we will closely investigate the details of these measures and potential impact on japanese industries we would like japan to be exempted from this. when. china has sharply criticized the cherubs the trade ministry in beijing has called on washington to drop them but it's announced retaliatory measures tariffs on american liquor tobacco and other products. the international monetary fund warns that this constant breezing of the stakes could lead to a trade war. german chancellor angela merkel has also reacted to the tariffs decision here's what she had to say. yes you know we're also concerned about the imposition of tariffs on session products as a government we hav

we've already discussed the issue with the european trade commission. me all the. other countries including japan and australia it trumps executive order makes it possible for other countries to deal directly with the us to remove tariffs. we will closely investigate the details of these measures and potential impact on japanese industries we would like japan to be exempted from this. china has sharply criticized the tariffs the trade ministry in beijing has called on washington to drop them but it's announced retaliatory measures tariffs on american liquor tobacco and other products. the international monetary fund warns that this constant breezing of the stakes could lead to a trade war. one can assume that the europeans steel industry isn't thrilled about all this either let's find out and let's talk to god he's the director general of the european still association you're a fan joins us now from our brussels studio thank you very much for joining us how much will the european steel industry actually suffer from these tariffs. they don't when union is one of the

we've already discussed the issue with the european trade commission and. other countries including japan and australia are trying to placate the u.s. they are praising washington for sparing canada and mexico from the tariffs on steel and aluminum and they're hoping for more exceptions trumps executive order makes it possible for other countries to deal directly with the u.s. to remove tariffs. we will closely investigate the details of these measures and potential impact on japanese industries we would like japan to be exempted from this. china has sharply criticized the tariffs the trade ministry in beijing has called on washington to drop them but it's announced retaliatory measures tariffs on american liquor tobacco and other products. the international monetary fund warns that this constant breezing of the stakes could lead to a trade war. so a warning from the i.m.f. that the economic fallout could potentially be very large indeed and that is not going down well with american trade experts on the country's allies are also angry here's why american st

an aluminum imports the head of the european trade commission says it's repaired to take the case to the world trade organization but donald trump refusing to back down and is expected to sign off on the measure on thursday but its prime minister to resign may has defended a red carpet welcome given to saudi arabia's crown prince mohammed bin sol mommy's on a three day trip and developing economic ties but critics say the british government's turning a blind eye to human rights abuses in saudi arabia british police say a nerve agent was used to try to murder a former russian spy and his daughter so again yulia scrip owl were found slumped on a park bench in salzburg on sunday they're both critically ill in hospital and china's foreign minister has called on the u.s. and north korea to hold talks as soon as possible while he made the comments during the annual meeting of china's parliament in beijing it follows weeks of diplomacy between north and south korea which has raised the possibility of talks between pyongyang and washington but those are the headlines the news continues here

after this meeting its european union has said the plan would be met with retaliatory tariffs always a tiptop already starting are we heading for a trade war. european commission vice president you have got by now and just spoke just moments ago and he said that europe is very much still trying to head off a trade war although they don't use that phrase because even that they believe is inflammatory he said that with with plenty of negotiations still ahead they definitely hope that negotiation will win the day that the u.s. will see that this is not the way to handle their very real concerns about overcapacity in the steel sector which europe also has been battling and points the finger at china as does the u.s. so europe is going to try to talk what it believes is some sense into the trunk administration and say let's work on this on the same side that time and said neither justification being used by the trump administration is that would for europe that there's a national security threat of some kind doesn't work with your closest nato allies and he says european companies have never dumped steel in u.s. markets so basically they're ruling out the reasons t

president's proposed tariffs on steel and aluminum imports the head of the european trade commission says it's prepared to take the case to the world trade organization with donald trump is refusing to back down it's expected to sign off on the measure on thursday china's foreign minister has called on the u.s. and north korea to hold talks as soon as possible when you made the comments during the annual meeting of china's parliament in beijing follows weeks of diplomacy between north and south korea has raised the possibility of talks between pyongyang and washington british prime minister theresa may has defended her bread carpet welcome given to saudi arabia's crown prince solomon is on a three day trip and the vela paying economic ties between the two countries the philippines lower house of congress has voted to impeach the country's top judge real or to serrano's accused of corruption her supporters say she's being targeted for criticizing president ivory go to territory policies those are the headlines and news continues keep it here on al-jazeera the stream next. facing the r

trade rep is in town robert lighthouse will be meeting with european commission trade commissioner cecilia mom's term and she says she's going to seek clarification on just what europe's fate is under the steel tariffs and the tritton to retaliate in case if it doesn't get these. exemptions earlier this week this is what it said then heading to what some kind of a trade will european commission vice president get if you kept on and repeated that threat today he said they're very much hoping to head off further tension to head off the imposition of the tariffs with negotiations but that it's not europe doesn't have a choice but to protect its own industry and to do so through w t o rules which would allow what they call a rebalancing and allow europe to put taxes on some american products they've mentioned peanut butter bourbon levi's orange juice a couple of other things but they don't want that to happen as a vice president. says we don't want the tariffs but we don't want a trade war and we won't accept one so there they are still hoping that talks can change president trump's mind. in b

before the state's governor rick scott on friday he'll an aluminum imports the head of the european trade commission says it's repaired to take the case to the world trade organization but donald trump refusing to back down and is expected to sign off on the measure on thursday british prime minister to resign may has defended a red carpet welcome given to saudi arabia's crown prince mohammed bin solomon is on a three day trip and developing economic ties but critics say the british government's turning a blind eye to human rights abuses in saudi arabia british police say a nerve agent was used to try to murder a former russian spy and his daughter so again you script out were found slumped on a park bench in salzburg on sunday they're both critically ill in hospital. china's foreign minister has called on the u.s. and north korea tell talks as soon as possible wang he made the comments during the annual meeting of china's parliament in beijing it follows weeks of diplomacy between north and south korea which has raised the possibility of talks between pyongyang and washington but those are the head

president's proposed tariffs on steel and aluminum imports the head of the european trade commission says it's prepared to take the case to the world trade organization with donald trump is refusing to back down it's expected to sign off on the measure on thursday. china's foreign minister has called on the u.s. and north korea to hold talks as soon as possible when you made the comments during the annual meeting of china's parliament in beijing follows weeks of diplomacy between north and south korea has raised the possibility of talks between pyongyang and washington british prime minister theresa may has defended her bread carpet welcome given to saudi arabia's crown prince solomon is on a three day trip and the economic ties between the two countries the philippines lower house of congress has voted to impeach the country's top judge real or a serrano is accused of corruption her supporters say she's being targeted for criticizing president ivory go to territory policies those are the headlines the news continues here on al-jazeera the stream is next. facing the realities of growi

the european union's trade commission to see the monster said the united states has failed to clarify what the e.u. could be excluded from new u.s. import tariffs on steel and aluminum you know it's been came off to trade chiefs from the u.s. the e.u. and japan help talks amid fears that those new u.s. tariffs could trigger a trade war. and protests against nuclear power have been taking place near the fukushima power plant in japan that's ahead of sunday's seventh anniversary of the tsunami that triggered a meltdown that a barrier meant to contain radiation in the area is failing that could jeopardize efforts to clean up the site. sports news now in this weekend's bonus the direction got under way last night with a moment of brilliance from shall cause daniel kelly judy moment settling matters against mites the royal blue midfielder dribbled past five months players before firing off is unstoppable shot in the fifty fifth minute. one two one zero victory for shelter and also means the shelter can sit back and enjoy the rest of the weekend's action in second place tonight so the defea

european union once again? of imposing unfair barriers to trade european commission said trump was cherry picking data that didn't accurately represent a relationship. on the trade commissioner said the you will stand up to bullies. commerce secretary will ross wanna be overseeing discussions of the european union as it seeks to be added to the list of economies will be exempmpt from america's punishing you tariffs on steel and aluminum the home exchequer reports. refusing to give in to treat bali's the you said it was ready to response to controversial terrorists said by donald trump. with restrictions of its own. we i don't like rules. that we. experiences was roles. but of course we must. be ready. for kind of countermeasures that he is confirmed that there is a. motion. the other side. the dispute was sparked by trump's announcement last week that the us would impose a twenty five percent tariff on imported steel. and a ten percent tax on aluminum imports. in an attempt to defuse tensions use trade commissioner mess with her u. s. counterpart on saturday. the two sides were unable to reach an agagement. and o

is the start of a trade war the european commission releases the blocks a list of u.s. products that would be subject to import tariffs that's if the u.s. goes ahead with threats to tax our european steel and alum in the i'm. also coming up making money with health care germany's siemens has floated its medical equipment division on the front foot stock exchange can investors really look forward to healthy profits. and it's black men's. a popular guinness most iconic drink and i'll be plenty of it tomorrow on some patrick's day . welcome to the business germany's new economics minister doesn't waste any time this weekend he's headed for washington his mission to discuss tariffs steel and trade with u.s. government representatives and the european union may have given him just that extra bit of leverage for the talks e.u. officials have prepared a list of u.s. produced items with some two point eight billion dollars that could face taxation should the united states introduce you tariffs the u.s. economic hit list is pages long and includes american favorites like corn pe

in fact, they are incredible trade partners of the united states and the european union. the trade commission of the european union suggesting broader implications going forward of retaliations. this is the same thing that the head of the world trade organization is almost a whipping boy for donald trump that you cannot expect countries sit on the sideline and do nothing. but, organizations have nearly 200 countries. they cannot move that fast so the trump's organization is moving aggressively. the president likes to see his financial markets go up on wall street. financials and markets don't like trade deals. it does not help those that work in other manufacturing as well. so it is not a simple equation and you see the response from europe and other countries including canada. >> we have seen the response of the markets as well. john, standby, let's bring in matt now in china. europe is targeting popular products here in the united states. in china, what does this mean for that economy? will it make an impact there or not? > >> no. the short answer is not to the kind of level that the trump

discussions that have been taking place here in brussels and the opportunity for the european union trade commission and the japanese trade minister to have face to face time with robert light hisor the u. s. trade envoy is very valuable at the start of this two week period before president trump's tariffs actually start to be imposed there are going to be intense negotiations over this next two weeks to decide whether or not the european union can be exempted from those tariffs and the big implications if they're not are an escalating tit for tat kind of trade war involving all kinds of other products such as peanut butter orange juice harley davidson motorcycles blue denim jeans all of these kind of things that the european union are threatening they will the slack tariffs on in retaliation essentially for what's happening to the steel industry now it's not a foregone conclusion by any means that the european union will find that it still has tariffs imposed upon it overnight president trump appears to be coming close to a deal with the australian prime minister on security arrangements there whic

on imports of european cars to the us is the main talking point at the geneva motor show, which opens today. but the eu is striking back. yesterday i spoke to the european commission tradee was telling me that they are ready for retaliation, and some reports suggest they could be putting big tariffs on things like jeans et cetera. good morning. another angle on this, bbc online is leaving with the story that republicans are concerned about this. republicans are worried by their trump parrot —— tariff plan. give us your take on this and talk ofa give us your take on this and talk of a trade war. either it won't happen or it can't happen. i say it won't happen because donald trump is a business man. he wants to extract something from the other side. you try and develop a credible threat. we know it is somewhat credible because it is in line with what he said. the reason i think it won't happen is exactly for the reason you just mentioned. i used to work in congress and the us. congress is the most easily penetrated major power body in any government in the world, and it is easy to penetrate the outside influences outside governments because it can be: individual congressm

trade, but also other military working together with military. we will be making the decision as to who they are. >> reporter: some of america's european allies aligned with european union trade collective are planning retaliations.>> european commission is going to introduce countermeasures to president donald trump's very inappropriate initiative. it might prove applications for the united states right away, but in the long run, will harm the united states influence in the world. >> reporter: china, which president donald trump has in the upper bad behavior in dumping steel, suggested this might be the first shot in a trade war.>> in the event of a trade war, china will make a justified and necessary response.>> reporter: paul ryan, statement of opposition. i disagree with this action and feared his unintended consequences. from the senate, the man is said president donald trump could be the greatest president ever, he said he is disappointed. >> i am upset about it. frankly, i love the president and i think he has and misled by some of the people at the white house.>> reporter: he thinks is great he is going to stick up for people. >> will bring back over 300 jobs in spent over $100 million. this is huge for us. >> reporter: one of

be introduced for the time being at least the news not entirely unexpected because the european union trade commission a zillion miles from has been in washington negotiating hard the europeans hard having said that i think there is also disquiet from the europeans point of view that this rao ever happened with the united states which has been a trusted partner of course for decades another big issue here in brussels of course is russia and the souls real time and it's one which britain would like to be very much at the top of the agenda they're not pushing for more sanctions now against russia but they do want a strong expression of solidarity from the other twenty seven e.u. countries their hand perhaps we could of course by the fact that we are halfway through the brics that process britain wants solidarity from an organization which it is determined to leave and that is potentially or could and i think just generally britain is much more hawkish on russian matters has been historically than e.u. countries like greece like italy like hungary which have been more sympathetic to moscow's point of vie

discussions that have been taking place here in brussels and the opportunity for the european union trade commission and the japanese trade minister to have face to face time with robert light hisor the u. s. trade envoy is very valuable at the start of this two week period before president trump's tariffs actually start to be imposed there are going to be intense negotiations over this next two weeks to decide whether or not the european union can be exempted from those tariffs and the big implications if they're not are an escalating tit for tat kind of trade war involving all kinds of other products such as peanut butter orange juice harley-davidson motorcycles blue denim jeans all of these kind of things that the european union are threatening they will the slack tariffs on in retaliation essentially for what's happening to the steel industry now it's not a foregone conclusion by any means that the european union will find that it still has tariffs imposed upon it overnight president trump appears to be coming close to a deal with the australian prime minister on security arrangements there whic

trade organization. bear in mind that the european union with its twenty eight member nations is america's biggest trading partner is a president of the european commission. on friday and i'm saying that the e.u. is not going to sit idly by. most jobs in europe will be lost due to the american measures you cannot simply look on without doing anything we need to take measures from our side this is highly regrettable we never set out to start trade wars. so where is all this going let's get more from having i get us from do to lose that is mr esko welcome have you all we now in a trade war or is this just the run up to it definitely just the run up to it phil nobody wants a trade war it will dollars from says it's a good thing but certainly europe doesn't but we are in trade war rhetoric and that is extremely dangerous you just saw the reaction from their europe on the one hand doesn't want any type of counter measures actually because they know that tariffs are a bad thing and that's not the agenda that they actually are trying to push forward but they on the other hand cannot just let this happen without reacting so it will depend on what other countries

organization with agreement between major countries the trade minister kim jung chong already discussed this with the european union trade commission are you going to. get do with it is extremely regrettable that the measures were decided i believe there is a concern that a broad trade restriction mechanism on the grounds of national security could disturb not only the us but also the global steel and aluminum markets including those in the asian region and it could also cause a grave impact on economic relations between allies japan and the us as well as the multilateral trade system overall and the global economy. no to a trade deal that donald trump didn't want to be a part of we're talking about the teeth p.p. that's the transpacific partnership it has now been signed in chile in what's being hailed as a powerful move against protectionism the revised deal will cut tariffs for eleven countries and connect economy is worth ten trillion dollars and as a latin american added to see in human with more from santiago. i believe there's an agreement that's much more than a deal to reduce tariffs in the most dynamic region of the world

trade. today, the european commission hammers out its plan to counter the us president's threat of import tariffsnd 10% on aluminium due this week. the commission says response will comply with wto rules. it's drawn up a target list of 100 us goods — worth $3.5 billion. many of them will have significant political impact. among them the iconic us motorbike harley—davidson — made in wisconsin — home state to house of representatives speaker paul ryan. and bourbon whiskey — made in kentucky, the state of senate majority leader mitch mcconnell. orange juice is a key export for florida — a vital swing state in us elections. and there's the ultimate example of classic americana — levi's jeans, a us firm that relied on europe for a 20%jump in sales last year. the row is already hitting business. electrolux, europe's largest appliances maker, is freezing a $250 million investment in a tennessee factory over fears trump's tariffs could dent its competitiveness. joining us from brussels is allie renison of the institute of directors, a business lobby group. you were listening to all of that, as we speak,

trade. well today the european commission meets to discuss its retaliatory plan after president trump said tariffson steel and 10% on aluminium imports would be signed off this week. the commission has so far stated that its response would be fully compatible with world trade organisation rules. the eu has drawn up a target list of 100 us goods worth $3.5 billion many would have maximum political impact. among them the iconic us motorbike harley—davidson — made in wisconsin — home state to house of representatives speaker, paul ryan. paul ryan has been vocal about the fate he does not agree with these tariffs. and bourbon whiskey, made in kentucky, the state of senate majority leader mitch mcconnell. orangejuice is a key export for florida — a vital swing state in us elections. and there's the ultimate example of classic americana levis jeans a us firm that relied on europe for a 20%jump in sales last year. the row is already hitting business. electrolux, europe's largest appliances maker, is freezing a $250 million investment in a tennessee factory over fears trump's tariffs could dent its compet

of rules and now it's very important for every country also for the european union the european commission who is responsible for trade policy to stick to those roots and retaliate donald trump though it's not important to stick to those rules might he have a point could we see a limited unraveling of the w t o agreement since one thousand nine hundred forty one of the thing you know without damage the global economy right so we're in a little bit of a quandary right now and terms of what the e.u. supposed to do in reaction to these national interest on the u.s. side and the difficulty is now to find appropriate proportionate response rather than just losing ones had and just retaliatory action that needs to further escalation of the conflict so bad that is possible we have the w t o we have rules on how to impose counter tariffs and the e.u. has already come up with a list of products that it wants to to to put tariffs on and so we have all these options that they would leave us to within the roots the set of fruits that countries all agreed on ok briefly if you could do you expect to tell you from the u.s. from the

no european union official is using the term trade war and this idea of retaliatory retaliatory tariffs was repeated today by both cecilia moms from the trade commissioner and by the european commission vice president yet it got done and they both say that they are trying to avert the tariffs but if that doesn't happen europe has no choice but to protect its own industries they say that europe will go through the w t o accusing the united states of not following w t o regulations in in launching these unilateral actions which europe doesn't feel are justified because the us is saying that it's being imposed for the tariffs are being imposed for national security reasons and europe says how can your nato allies be posing a security threat to you right now the us president singled out germany for justifying the higher tariffs a can you explain why. i really can't explain why he feels the need to point out germany's defense spending on so many issues but yes it came up again with the trade issue and that is that he feels that germany does not contribute enough of its g.d.p. toward defense of course that's a nato issue not an e.u. issue and vice president got on and said as much today in

trading. that is why the european commission has exclusive confidence over the matter and we have our four freedoms, because at the end of the day no one benefits from trade protectionism. francine: it is not really spooking markets. what would spook the markets? martin: definitely introduction of tariffs to china would trigger retaliation from the chinese side, which would hurt probably the u.s. agricultural sector and then again, there is the question towards the extent that that will hurt the relationship between europe and the united states. i think investors would become worried about the impact on those companies that are most exposed to exports around the world, and if you think continental europe, you can think luxury goods makers in southern europe as well as the industry in central parts of europe, so there is something to be worried about. once this sort of trade war end to we need to put an at least the early signs as soon as possible before it escalates and before markets react negatively. -- is anybodydy in europe talking about joining in with the u.s.? i have talked to a lot of europ

more sectors and cooperating more fully than any free trade agreement anywhere in the world today so she's quite clear there but the european commission says that the only trade relationship available to the u.k. is a variation of norway or canada explains why. ok no way she doesn't want so that's off the table because norway is in the single market so that leaves kind of that because the problem what recently here wants to do is she wants to reinvent the wheel off international contracts because what there is internationally globally to use the word that she likes so much is are just trade deals variations on trail deals and the other version is the customs union of she doesn't want that either so we're going to have some sort of trade deal and now she wants one like it has never been before or totally new variation on a completely new model as she said so a trade deal that doesn't just regulate trade between two or three or group of countries but that also completely sort of opens the market however it opens the markets without really binding regulation without really binding the one side off this to to keep to the standards of the

european officials in cases like this. host: how are markets trading today? guest: shares up 1% after the news for the european commissionep an eye on facebook shares later as wall street opens. premarket trading in new york down around 1% today. that's compared to a 10% that we have seen so far this week. host: you will wrap up now in japan where researchers are using artificial intelligence to decipher the expressions of one of the most powerful people in global finance. guest: mario draghi is a difficult man to read. hiset watchers look at gestures for decisions. they found signs of sadness proceeding to two major policy changes when the bank began raining and stimulus. they captured images from every half second and said there were subtle changes i his facial expressions that could reflect a sense of frustration he may be feeling g before making policy adjustments. -- i only dread to think what they would say about us. host: any response from mario about him. stephen care with our business update. now it's time for our press review. let's take a look awh headlines have been saying today. lots of focus of course on a

now if international trade rules were violated how far would european leaders go. to the european commission has drawn up a list of counter measures and that is ready to be fired if you want if indeed this temporary exemption runs out without with the talks not producing any results leaders will sit this morning together including theresa may by the way she who's staying an extra day for these talks in order to find a unity position as the french president has has put it unity here is absolutely key the world's biggest trading pork is is teaming up in order to send a strong message across the atlantic but let's be clear the idea is not that it's going to be confrontational the e.u. really seeks talks that would bring the u.s. back on the path of the world trade organizations to tackle the root causes of overcapacity via that international institution all right garrick modest for us in brussels thank you very much. now let's get the german perspective we have here going hard with us to coordinate the german governments the transatlantic affairs mr hart thank you for joining us in our studio t

the decision so it stays a blowout trade war off the european commission bounce retaliated by the time if. i stake is a welcome attentional monitise the world's economy. about four percent growth rates for the the world again which is like that historical average when the with the economy is doing well. the full cost increasing economic growth is leads the priests that's expected from tax cuts in the u. s. and increase public spending by germany's new coalition governments. are expected in almost every country except for russia the u. k. was also singled out for its low projected performance. the oecd second sentence you have a brexit whistling investments undergrowth. not full interview at the ocr business editor stephen carroll broadcasting people in profit. first layer for the gm paris time on thursday. let's take a on a trading action now is choppy session for wall street lead to negative close as investors domestic digested rather the implications of rex tillerson departure. a dallas about a hundred and fifty points by the closing bell on the nasdaq snapped a seven day winning str

trade war. the european commission president, jean—claude juncker, said the eu was ready to show it could react ily win a trade war. i'm joined by bloomberg's economic policy editor, sarah mcgregor, from our washington studio. good evening. what do you think of a president trump is threatening?” think there are two things to look forward to hear. if there is going to be exclusions and retaliation. 0n exclusions, we heard today from the commerce secretary, wilbur ross, who was responsible for preparing this report that's it imports of steel and aluminium post a security threat and aluminium post a security threat and he said president trump men yesterday it would be all steel and aluminium imports facing the terrorists but if various lobbying effo rts terrorists but if various lobbying efforts by governments and industry groups in the next week before trump says he will sign this order, if they have any impact and trump claws back and does not do any broad terror. and all retaliation, eu commissioner has had even more pointed remarks recently, saying they might target harley davidson, levi straus

we support the european commission as it seeks talks with the world trade organization and the united states if you like. the european steel industry is advocating counter measures by the e.u. and mourns that the consequences of a trade or would also hurt the u.s. our estimations actually that he will actually create job losses net in the state in the supply chain and in the u.s. so it's not going to benefit the u.s. and it's going to knock off twenty thousand direct jobs in the u.s. and perhaps as much as one hundred fifty thousand jobs in the e.u. as well trump's decision triggered outrage and alarm in asia south korea said it's considering filing a complaint with the world trade organization while china is threatening retaliation if the tariffs go ahead. after days of rumors came the official announcement european aviation giant airbus will cut more than three thousand seven hundred jobs in europe as the company scales back production of its a three eighty and a four hundred m. models if a few more. a few sites are filtered in england seville and spain and preeminent outspoken germ

it's facing investigations by the us federal trade commission, the uk's information commissioner, the europeanarliament and a house of commons committee. it all follows allegations that information on millions of facebook members was used for political purposes by the british firm, cambridge analytica. that firm's chief executive, alexander nix, was suspended earlier this evening. our business editor simonjack reports. in the information age, personal data is the new currency and we spend it liberally on social media platforms. how old we are, whether we are in a relationship, what are our political leanings, this can all be gathered and used. cambridge analytica is a company which does exactly that and it is at the centre of a political storm that has rocked one of the biggest companies in the world. it started with an app designed by a british academic that invited facebook users to do a personality test. 270,000 people downloaded the app, it collected personal information on them, theirfriends, theirfriends‘ friends and so on until it had information on 50 million facebook users. that data