of a more on this i'm joined by linda hong in singapore linda does this move mean failed in asia. well monica you know we were has actually been frustrating for investors already as it burns to billions of dollars since its founding in twenty nine and as you've mentioned it has a target to i.p.o. any needs to come up with the profitability and to appease its vestas who are possibly running out of patience as to when they can actually see their return so it's a new c.e.o. have promised to turn the company around to profitability with the target of twenty twenty two now there's also this means a change of direction from focusing on its right healing out to its autonomy as a vehicle technology some analysts see this as a wise choice especially when the right heavy emphasis is really a cut throat and it's dependent on as you've mentioned before just not promotions as well as discounts and in southeast asia you have grep that's actually backed by big sovereign wealth funds our fellow singapore ian to mustique and then in indonesia you go to indonesia you see gold jack which is a key fi

you talk about this let's drag in our financial correspondent linda hong from singapore. in a saudi arabia surely is rich enough to finance a deal like this on its own why a take on board a partner and why south bank. well that's right departure

agricultural exports earlier i spoke to our asia correspondent linda hong and i asked her how powerful that threat is you know some of the china imports actually more of a third of u.s. exports every culture exports led by soybeans and among the goods other goods are for kelly tree terrace will sever agricultural products like for wine you know fresh fruit dry food and these were five different type of farmers and if we go back to twenty sixteen when trump was voted into the office most of these boards actually come from farmers so these were actually hit where it hit president donald trump the most and that is where it will play and impact this well possibly in the mid-term elections coming up in the event although it might be a bit too early to say right now but still the impact could largely be felt in these tariffs and trade war really does go through well there were talks over the weekend on the phone we talked about that how hopeful are investors that this tit for tat trade dispute can be stopped before a trade war begins well you mentioned just now that u.s. and china are actual

let's get the latest now with our correspondent linda hong in singapore linda china says it will fight to the end if u.s. president donald trump follows through on his terror threat what does that mean well time actually has plenty of measures as well to fight back against the u.s. such as in the areas of automobile automobile imports. as well as chips and don't forget now china is actually the manufacturing base for major u.s. companies like apple as well as intel and one area that u.s. has streets of boston and that in agriculture and the presidency thinking from china can has already launched a probe into a u.s. exports of some of the hurting so i have been those target an odd across could hurt mr trump's support in some politically important farming areas and i'm tired can also have other weapons as well to such as non-tariff obstacles like safety inspection stealing cable essential goods to enter the country and it's also an under way to approach often used to advance their geopolitical goals in asia. so the reals are certainly in motion there and other white house has instituted

to talk about this let's drag in our financial correspondent linda hong from singapore. linda saudi arabia surely is rich enough to finance a deal like this on its own wide take on board a partner and why soft bank. well that's right departure it is actually in cooperation with the kingdom's young and powerful crown prince mohammed bin salma he and he's already a partner in a softening vision fund that was set up in twenty sixteen now soft bank's chief executives says that he finds synergy with between the two because saudi arabia is vision twenty seven thousand reform plan also aims to reduce the country's dependence on oil and that is actually a good match for the fans long term vision for innovation and banks masayoshi son is also a strong advocate of kean and the decency to twenty eleven fukushima nuclear disaster and yes actually taken on a couple of clean energy projects so there's a lot of innovation that saudi arabia could tap on from softbank namely in the battery and other forms of clean energy such as battery storage which is pretty important in the clean energ

businesses in ways that the headlines current the don't really talk about much for now our correspondent linda hong for us in singapore and here in the studio with me michael but at the economist at the humble university here in berlin thank you very much see both your analysis. will tariffs on u.s. imports would not only hit foreign trade partners but could also backfire for u.s. companies take the firm we visited in detroit it relies heavily on overseas supplies so slapping them with levees would not only threaten the success of the business but also detroit's way out of a financial crisis. detroit the motor city known for its manufacturing and innovative spirit. tunisia hubbard works on the assembly line of the show and all the factory building watches. before this job she worked on another assembly line in the auto industry she thinks her job which i know is a step up from the old one she's grown and has more opportunities here the difference between. a and b. . and it's different but that's. the size of the parts that we used to time the catholic church in that we hear. a little bit more detai

correspondent linda hong for us in singapore and here in the studio with me michael bird of the economist at the university here in berlin thank you very much see both for your analysis. well as we've just been discussing the e.u. has been temporarily exempted from the u.s. tariffs on steel president of the steel trade association hands reacted with the following the e.u.'s preliminary exemption from the u.s. tariffs on steel imports is of course essentially to be welcomed but it is too early yet to give the all clear large parts of the u.s. steel market will be shut off he said which could mean that the steel produces will now divert their exports to the open market the e.u. needs to quickly implement measures to prevent an imminent diversion of trade. it's the early shift it to some crops steel works and there's just one topic of conversation for those clocking in the preliminary agreement about the u.s. steel tariffs. we don't really believe it we know donald trump always goes back and forth with things. it's not a real agreement because the largest steel producers have been excluded a

and with that it is over now to our asia correspondent linda hong in a single poor and i can hope that you can hear melinda yes i can she can hear me fantastic and i can see you now as well as always a good sign hi is guy from singapore linda tell me i mean china has threatened to retaliate by hitting u.s. agricultural exports how powerful is that threat well you know some of the china imports actually more of a third of u.s. exports every culture exports led by soybeans and among the goods other goods for keller tree terrace will sever agricultural products like or why not you know fresh fruit dry food and these were five different type of farmers and if we go back to twenty sixty when trump was voted into the office most of these boards actually come from farmers so these were actually where it hit president donald trump the most and that is where it will play and impact this war possibly in the midterm elections coming up in november although maybe a bit too early to say right now but still the impact could largely fell if these tariffs and trade war really does go through well ther

studio by michael botha economist at the humboldt university great to have you with us as well as linda hong all correspondent in singapore also on the line thank you very much to both of you firstly to you michael we're seeing this ratcheting up of tensions between the united states and china it's now official with making the announcement regarding those tariffs what can we expect the food out to be because it seems that the european union is very much in the middle of all of this the u.s. and the first instance exempted from this action but by may first will be decided whether or not they have to face same conditions i think president trump is going to put pressure on the european union to maybe make a few concessions or make some move some gesture to improving the trade situation with the united states do you think the e.u. will be able to come up with something what do you think that it could potentially put on the table there's a lot of discussion whether some of the old discussion should be raised again there are a lot of good things that were in the teeth of discussion a lot of mutual

you talk about this let's drag in our financial correspondent linda hong from singapore. in a saudi arabia surely is rich enough to finance a deal like this on its own why a take on board a partner and why south bank. well that's right departure it does it actually in cooperation with the kingdom's young and powerful crown prince mohammed bin salma he and he's already a partner in the softening vision fund that was set up in twenty sixteen now soft bank's chief executive says that he finds synergy with between the two because saudi arabia's vision twenty seven thousand reform plan also aims to reduce the country's dependence on oil and that is actually a good match for the fans long term vision for innovation and banks masayoshi son is also a strong advocate of kean and the decency to twenty eleven fukushima nuclear disaster and yes actually taken on a couple of clean energy projects so there's a lot of innovation that saudi arabia could tap on from soft thing namely in the battery and other forms of clean energy such as battery storage which is pretty important in the cl

while our correspondent in hong is covering the story for us we can speak to her now linda what will the new central bank chief mean for the chinese economy. well the new p.b.s. the governor's moving up the ranks from his previous post as deputy governor and then actually signals continue with the china's a fiscal policy now are with her from a while ago that china's debt level is so high that some credit rating. downgraded its credit rating on it and still right now china has been forcing some of its companies to sell its assets as well as to pay off some of its loans and as you've mentioned as the economy opens up you know instead part and that china maintains all these debt levels in case because many people are seeing it as a financial crisis brewing and now the central bank now has to play a major role in trying to ensure that just the right amount of credit flows into the economy but his role will not be as big a carry as much clout as his predecessor because his boss mr is a long time economic adviser to presidency and yet she has quite the same credentials as this mr ye and s