well you know now the joins us now from the association of german chambers of commerce and industry and you're good to see you i've been talking to lots of analysts about this for weeks now and they are saying a word saying that this would be the big one the metals tariffs both china and you the u.s. were just testing the waters but what it would if it came to cut tariffs is going to really start a trade war well it's a very difficult situation at the moment and even the the reasoning for the new attempt to impose tariffs is a little bit constructed so we're heading into a very difficult situation on world trade and especially because one of the major german branches with the car sector is targeted a little bit constructed national security i mean where is the reasoning in that what's what's washington strategy. well the surge seems to be a little bit always the same for us if we. impose with strong words threats and then we might discuss about it it's very difficult to negotiate. on such a background but the question is what will really follow and this is a major attempt to take the ge

similar poll is executive director of the german chamber of commerce in china first of all you have a lot to do with german companies operating in the country that tell me a little bit about the chinese first. they really playing along with trump's game right now i mean it's really hard for me as a journalist to work out what's going on but they seem to be playing trump straight game well i think what you have seen from the from the chinese the way they were always reacting when mr trump put it to terrorists in the first place two three two they reacted to it in the same amount and then it was a three a one section and then tariffs there and then also they reacted to this as well so they're keeping their cool but who has the upper hand china or the u.s. i mean the u.s. is the biggest economy shore big china does have it's a rising economic power and could take over the u.s. of some stage in the next year is i mean is that a threat to the trump is taking seriously well i think what i can tell you from the german perspective is because we are so intertwined with the german companies in

bit about this now joining me here in the studio fucka tyo from the association of german chambers of industry and commerce good to have you with us so from the german business perspective what is the state of the russian economy right now the mood among german investors has risen recently we have more than five thousand german companies very active in russia after yes three four years of an economic slump the mood is much better and economic growth is back and trim and investors are investing ok so where is this growth actually coming from what we've heard that the world bank expects russia to grow one point seven percent this year despite those ongoing and now even a new round of sanctions are the having any impact at all. first of all we have a relaxation in gas and oil prices and russia is very dependent on commodities and so far the recovery is really as the ground on this recovery of commodities second is russia has improved in the ease of doing business in the index of the world bank by eighty ranks now it brings by around about thirty fifth rank and that means a really improvement so there is an im

you know joins us now from the association of german chambers of commerce and industry and you're goodo see you i've been talking to lots of analysts about this for weeks now and they a saying a word saying that this would be the big one the metals tariffs both china and you the u.s. were just testing the waters but when it would if it came to cut tariffs is going to really start a trade war well it's a very difficult situation at the moment and even the the reasoning for the new attempt to impose tariffs is a little bit constructed so we're heading into a very difficult situation on world trade and especially because one of the major german branches with a car sector is targeted a little bit constructed national security i mean where is the reasoning in that what's what's washington strategy. well the surgery seems to be a little bit always the same for us if we. impose with strong words threats and then we might discuss about it it's very difficult to negotiate. on such a background but the question is what will really follow and this is a major attempt to take the german car industr

well earlier we spoke to earlier note from the association of german chambers of commerce and industry asking him what the measures mean for the american market well the american market is extremely important for german calming effect. that's why they also have a lot of investments on the sector all sorts of a bit. to mation of the strengths also of the german carmakers in the u.s. on the other end u.s. consumers seem to a lot of german and japanese cars for terrorists are imposed and then first of all prices will rise over american customize to pay for that is the question of who is making the better product and that's what i meant with competition you have to there's a competition in the car sector and the americans. try to sneak below that bar and say we impose tariffs and everything will get easier that will not be the case. i asked a wall street correspondent sophie sherman ski how america justifies colin foreign call imports a national security threat. well then you know i think it's really important to understand here the way that will go wrong is actually defining national secu

earlier we spoke to him from the association of german chambers of commerce and industry asking him what the measures mean for the american market well the american market is extremely important for german calming effect. and that's why they also have a lot of investments on the sector of sorts a little bit. in underestimation of the strengths also of the german carmakers in the u.s. on the other end u.s. consumers seem to of german and japanese cars for terrorists aren't imposed and then first of all prices will rise so the american customer has to pay for that is the question of who is making the better product and that's what i meant with competition you have to there is a competition in the car sector and the americans a little bit try to sneak below that bar and say hey we impose tariffs and everything will get easier that will not be the case germany's leading lender is slashing over seven thousand jobs it's part of an overhaul of the bank under a new c.e.o. christiane c.v. his wife back in twenty twelve was the world's second largest investment bank since then it's slipped to numb

of this burgeoning relationship keeping many german companies out of a growing market. and i'm joined now by deed deputy chairman of the german iranian chamber of industry and commerce in tehran good to have you with us how would you describe the current mood among iranian companies. well it's a little too early. to see and to monitor the market the reaction because everybody is a little shocked in the sense that the. intensity of. of president trumps decisions is a little unexpected and everybody is now actually right now baiting to see what happens in the next weeks if you talk when you talk about the intensity i mean donald trump also threatens to impose sanctions not only on iran but also on countries that support iran and that of course puts europe germany particularly in a difficult position do you think we will see german companies pulling out of iran . yes. this could happen because this is the so-called secondary sanctions that the u.s. government is posing imposing against. companies. also german companies. who do business with iran and who while eight against the us regulations and u.s. national regime but as i said. as the reaction of the u.s. of the e.u. g

about this now joining me here in the studio is fuck a tire from the association of german chambers of industry and commerce good to have you with us so from the german business perspective what is the state of the russian economy right now the mood among german investors has risen reasonably we have more than five thousand german companies very active in russia after yes three four years of an economic slump the mood is much better and economic growth is back in term and investors are investing ok so what is this growth actually coming from what we've heard that the world bank expects russia to grow one point seven percent this year despite those ongoing and now even a new round of sanctions are the having any impact at all. first of all we have a relaxation in gas and oil prices and russia is very dependent on the commodities so for far the recovery is really as the ground on this recovery of commodities second is russia has improved in the ease of doing business in the index of the world bank by eighty ranks now it ranks by around about thirty fifth rank and that means a really improvement so there is an

remained the big question now earlier we spoke to cost him votes he's the page of the german american chambers of commerce in san francisco we asked him his take a look i mean silicon valley is a really unique ecosystem and i think especially the business to consumer companies that we're talking about that are in the news right now facebook google we did miss the boat on that i don't think we saw that as a viable business model in the beginning we're much more industrial focused and so i think that's where we're lagging and we're probably not in the space right now where we want to catch up in that particular segment. both that now let's say you're up to date with the latest from the world of business for more head to our web site that is of course at d w dot com forward slash business we've also got facebook and twitter all handle at the w. business so i look forward to seeing you tomorrow. stories. share your comments and content welcome the job you. want into one official estimates more than one point two million venezuelans or even colombia. already uncle mo the album was returned to. visit friends it

but will they well earlier we spoke to question of both the head of the german american chamber of commercein san francisco for his take. look i mean silicon valley is a really unique ecosystem and i think especially the business to consumer companies that we're talking about that are in the news right now facebook google we did miss the boat on that i don't think we saw that as a viable business model in the beginning we're much more industrial focused and so i think that's where we're lagging and we're probably not in the space right now where we want to catch up in that particular segment. now in japan the economy shrank in the first quarter the government statistics show g.d.p. fell by zero point two percent compared to the previous quarter now hasn't been help spying to ration fears with consumers spending less money in industries staying away from new investments and it comes on the back of the country's longest expansion since the boom times in the one nine hundred eighty s. . meanwhile officials from japan's transport ministry have started an investigation into the or so you make a

similar poll is executive director of the german chamber of commerce in china first of all you have a lot to do with german companies operating in the country but tell me a little bit about the chinese first. are they really playing along with trump's game right now i mean it's really hard for me as a journalist to work out what's going on but they seem to be playing trump straight game well i think what you have seen from the from the chinese the way they were always reacting when mr trump put terrorists in the first place two three two they reacted to it in the same amount and then it was three a one section then terrorists there and then also they reacted to this as well so they keeping their cool but who has the upper hand china or the u.s. i mean the u.s. is the biggest economy shore bitch does have it's a rising economic power and could take over the us of some stage in the next year is i mean is that a threat to the trump is taking seriously well i think what i can tell you from the german perspective is because we are so intertwined with our the german companies in china it is

imposing sanctions what does this mean for for german business interests in iran we talk to the chairman of the german iranian chamber of industry and commerce in tehran. also coming up it's an unlikely combination blocked the best of the flock to hurricane stricken puerto rico for tax reasons and on humanitarian grounds so they say. welcome to the w business european business leaders say they regret washington's decision to pull the u.s. out of the twenty fifteen iran nuclear agreement and they look to the e.u. for a clear signal about its continued commitment to the deal german companies had great hopes for the opening off the iranian market business relations between the two countries go back decades new sanctions could jeopardize existing deals and that would hurt both sides. iran is urging caution it hopes economic interests will keep other countries from following washington's lead it says there's a lot of money to be made in rebuilding its crumbling infrastructure that's music to germany ears before the nine hundred seventy nine islamic revolution iran was one of west germany as biggest trading partners it's a relationship german comp

earlier we spoke to ilya north from the association of german chambers of commerce and industry asking him what the measures mean for the american market well the american market is extremely important for german calming effect. and that's why they also have a lot of investments on the sector all sorts of a bit. an underestimation of the strengths also of the german carmakers in the u.s. on the other end u.s. consumers seem to of german and japanese cars for terrorists aren't imposed and then first of all prices will rise over american customers to pay for it is the question of who is making the better product and that's what i meant with competition you have to there is a competition in the car sector and the americans who are built to try to sneak below that bar and say we impose tariffs and everything will get easier that will not be the case germany's leading the lend is slashing over seven thousand jobs part of an overhaul on the dodge of banks new c.e.o. christie and saving his wife back in twenty twelve ga was the world's second largest investment bank and since then it's slippe

goods worth four hundred million euros to germany above all oil according to the german chamber of industry and commerce germany for its part exported three billion euros worth of goods to iran. the easing of sanctions brought more than just machinery to iran they were also food products and other goods that created jobs to a total of six hundred thousand per year since twenty fifteen. but there isn't anywhere near enough a total of half of all females under thirty with high school diplomas and a third of all males in the same demographic are on employed a return to economic sanctions against iran will only make the situation worse european countries don't want to risk contravening u.s. sanctions when they resumed in the coming months but the european union which supports the iran nuclear deal has already made it clear it would take measures to protect its companies doing business when the sanctions are re-imposed. let's bring in our financial correspondent. now yang's good to see you bring us up to date with the reaction on wall street to this announcement. yeah investors really haven't made up their m

goods worth four hundred million euros to germany above all oiled according to the german chamber of industry and commerce germany for its part exported three billion euros worth of goods to iran. the easing of sanctions brought more than just machinery to iran they were also food products and other goods that created jobs to a total of six hundred thousand per year since twenty fifteen. but there isn't anywhere near enough a total of half of all females under thirty with high school diplomas and a third of all males in the same demographic are unemployed. a return to economic sanctions against iran will only make the situation worse european countries don't want to resume sanctions and european companies currently doing business in iran don't want to run the risk of countervailing u.s. sanctions if a return. now will or you'll hit eighty ninety or we even one hundred dollars it's certainly been a while since we've read headlines like that but that could also be set to change the oil prices been climbing steadily for months and over the last year is junk save that sixty percent on monday about of brant cr

goods worth four hundred million euros to germany above all oil according to the german chamber of industry and commerce germany for its part exported three billion euros worth of goods to iran. the easing of sanctions brought more than just machinery to iran they were also food products and other goods that created jobs to a total of six hundred thousand per year since two thousand and fifteen. but there isn't anywhere near enough a total of half of all females under thirty with high school diplomas and a third of all males in the same demographic are unemployed a return to economic sanctions against iran will only make the situation worse european countries don't want to risk contravening u.s. sanctions when they resumed in the coming months but the european union which supports the iran nuclear deal has already made it clear it would take measures to protect its companies doing business when the sanctions are re-imposed. let's bring in our financial correspondent. now jens good to see you bring us up to date with the reaction on wall street to this announcement. yeah investors really haven't made up

that is the deputy ceo for the german chambers of industry and commerce. we are three minutes away from the end of the thursday session. it has been dominated by the trump decision to let iteris on onorts -- levy tariffs aluminum and steel imports. this is bloomberg. ♪ >> from bloomberg's european headquarters in london i'm mark barton. stocks falling way down by trump's decision to waive a way to waiver when it comes to aluminum and steel tariffs. those tariffs will come into effect earlier than anticipated. a flight to safety in the wake of that decision by commerce secretary wilbur ross. there is the wonderful wn germany among the big exporters of steel to the united states. that is the situation when it comes to trade. this is the situation when it comes to inflation. we had inflation in the eurozone rising at the fastest pace. ecb's2%, which is the target. two weeks until their next decision. there is a lot in play given that italy is bubbling under the political crisis. and 1.9% raise is good for the ecb -- ecb. inflation, lifted the core rate rose to

which makes sense to invest and i'm sure german companies will be looking out for those opportunities michelle talk us from the germany writing chamber of commerce thank you very much for that thank you rooms and the u.s. has set another countdown taking on another deal now after the deadline for renegotiating the north american free trade agreement ends today a last minute clinching of a deal is unlikely there are still huge differences to be overcome but there are also mixed messages as to what should happen next. mexican car factories are the main bone of contention they manufacture cars using low cost labor and export tariff free to the us where they're sold at high prices the same applies to other goods as well u.s. president donald trump has said nafta has cost hundreds of thousands of american jobs he's now demanding a higher minimum wage in mexico at the moment it's only eighteen hundred pesos a month that's less than one hundred dollars. but there doesn't seem to be an agreement on the horizon. canadian prime minister justin trudeau talked to donald trump on monday and demanded that he find a solution. there is very much an eminently ac