washington and there currently however seems to be no end in sight to the to for tat trade war what's the goal of the administration here just to draw this thing out or they really want to get something done you know but we've been talking about this forever it seems like in the whole fact of the matter is i i was wrong at the beginning i honestly thought the trip was going to play the short game and just basically you know come in and really hard line and that somehow he was going to push china into a position where or that he even talk to president jiang that they can add some sort of resolution after this you know tough guy image was allowed to show itself to the world but it doesn't seem that way and actually things are going to be drawn out by the looks of things because nothing was accomplished at these talks we're looking now next month that we saw a tit for tat now at sixteen billion dollars worth of tariffs thrown in by the states and of course china doing what it does is that same amount back and now we're looking at another two hundred billion in tariffs possibly next month

because of the trade imbalance china and the united states cannot go tit for tat dollar for dollar. because of the negotiations happening between mexico and the united states, i believe they are look at cars and auto parts as a way to try and really utilize this opportunity in time as a point of leverage. we'll see what happens with the mexico-united states negotiations. this isn't just nafta. it's just mexico and the united

tat. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in may the shanghai composite has declined more than ten percent and the you won has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the ones fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china. to strengthen the yuan and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these low level trade talks are welcome news analysts warn they may take some time before the two countries come to a truce. qatar has come to turkey's rescue amid the currency crisis and has pledged fifteen billion dollars in investments in turkey supporting the lira and yet turkish in

and on the markets, asian investors on thursday largely brushed off china's tit—for—tat response to donaldmp's latest tariff threats, with most markets rising, but concerns about the impact of an all—out trade war are keeping optimism in check. the united states and japan are strategic allies with plenty let's start by talking about the move by swedish furniture giant ikea, opening its first store in india. the mega retail plus dining outlet will occupy about 400,000 square feet, or 13 acres of space. the store took years to launch. while india is a huge market, will the build—it—yourself concept take off there? we spoke to the ikea global chief just before the store opened. when you purchase something from ikea, whether it is a table or a chair, it comes to in a flatpack. you take out the parts and assemble it yourself. that is not something indians are used to do. because of the availability of cheap labour here, you have worked man or carpenters who can come to your home and assemble your furniture. that is something ikea has had to adapt. we will argue with our customers and ask that t

because nothing was accomplished at these talks we're looking now and next month that we saw a tit for tat now at sixteen billion dollars worth of tariffs thrown in by the states and of course china doing what it does with that same amount back and now we're looking at another two hundred billion in tariffs possibly next month from the us side of course we'll see the chinese throw back at that and don't show up to even say he might push it to five hundred billion dollars now a lot of the analysts are saying that this might be a largely a long term game for trump that he's trying to push a new status quo which would be tariffs specially when dealing with china and some other analysts are saying and this is interesting that at this point if trump was to back down or if this was actually to be resolved he'd come out looking weak because the people would see that these tariffs have actually done more harm than good to the states and that if he was in this terror of war that actually would be a one win for the states at all so it's better for him to look like a tough guy and just keep this tari

monica joins me now and we return to this tit for tat tat of imposition of tears with the u.s. and china washington and beijing don't really see eye to eye or they do and in another way amrita because china says it's lapping retaliatory terrorists on sixteen billion dollars worth of u.s. goods this of course after the latest round of u.s. tariffs on chinese exports went into effect this morning in response to what the trump administration calls beijing's unfair trade practices act the hot off this dispute is china's largest expansion of its tech sector the so-called made in china twenty twenty five plan is meant to catapult the world's second biggest economy from the world's sweatshop to a global technology hop. the world's work bench no more instead chinese internet giants like search machine baidu tech investor ten cent and online retailer ali baba and the leading global innovators they've risen from start ups to multi-billion dollar. albeit with considerable state backing subsidies cheap loans restrictions on foreign competitors copying copyrighted technologies it's no holds

presidente eu threatened tit-for-tat auto tariffs if theeu.s. does not -pprovide an exception for euro. a similar trend innasia, chinese shares felllthe last day oo trading is a new round of u.s. tariffs of june billion dollars worth of goods could come as early as next week according to donald trump. staying innchina, tension over one group of people, uncertainty ii a fortuneteller's bread-and-butter. mmre anddmore chinese people are asking for advice from soothsayers on where to investt1 and what to expeet coming next. >> there's a lot of uncertainty in the air in chinn, whhch is gooo for usiness if you are fortunettller. u.s.the trade war in the threatened to escalate word turning tople are them for tips on wwere to investoo wins a good time to expand. >> with a master gives me advice deccdd on the right time to maal if he tells me the timing is inauspicioos, i wiil be more conservative. >> fortunetellers like victor give guidance based on peng shuai of laws that govern energy. they say givessa iiger picture >> financial analysis is nly a thi

. >> tariffs and trade according to markets and individuals look at the back and forth and tit for tat. you have been leading the charge in terms of beijing and our relationship there. you talked about investment restrictions we were expecting are not happening. give us a status clesk what's going on with china and the united states. are we in a trade war? >> we are not in a trade war. we are in a trade dispute. our objective is to have reciprocal trade. i think everybody understands this. we have one of the most of investment markets. the restrictions we are putting forward is about protecting critical technology. this is note about doing anything more than that whether it's china or anybody else. we'll continue to make sure american workers and american companies get a fair fight in china. that's what this all about. maria: i'm glad you mentioned firma and you cfius, that's what you are going to strengthen in making sure china doesn't spin stealing our technology. or is there no answer to that. >> whether it's china or anybody else, we have been working with couldn't last six months.

if you saw in my outline, there is, from this, a tit for tat. they do an operation right after 7 february. again, going against north vietnam, the southern provinces of north vietnam, with the strategic campaign, operation flaming dart. but there was a recognition that there's got to be something more sustained and within days, there's this idea that we're going to do this thing, rolling thunder. think about that. rolling. kind of graduated, rolling along, getting bigger, maybe, snowball effect if we have to. but rolling thunder will be our main campaign, and we'll initiate it by the end of february. but ebnd of february. it's going to be delayed for about a week. it's being dragged along. we'll see why it becomes so significant to this operation. the f-4 is definitely involved in this. dropping almost as much as f-105. this is the main air i think about. we haven't discussed the role and measure and do this. we'll do it through our recon and make sure we have picked the targets right and what kind of effects those are going to have. we're going

tom: did we adjust ourselves from tit-for-tat or are we still on the tit-for-tat path?ll tit-for-tat in terms of china's ability to keep a tit-for-tat. if the u.s. goes with the $200 billion worth of goods next, china can't match that dollar for dollar, but has threatened on $60ond with tariffs billion worth of goods and there is always the risk of nontariff barriers. china making it more difficult for u.s. businesses to operate in china. we are still very much in the tit-for-tat stage. in this. . there is no sense this is being different -- the escalated at all. enda thank you very much, curran. bloomberg users can interact with the charts on the program. tv go, you can use them and save them for future reference. there are many more than those. there are great charts with this function. theill continue conversation next. we will talk about the single currency. the president has apparently offered to buy btp's. this is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful,

it's a tit for tat, that's what's been going on. again, looking at what that air campaign, now it's really starting to gin up that air campaign. we have two thoughts, lame says, i have 92 targets, railroad targets moving around. give me about 16 days and i can use my big bombers to go north and destroy this. so this is some of advice going out. those devices have been through defense intelligence, cia, confirmed targets that, yeah, this could have some affect to make north vietnam maybe react to what we're doing. but the idea here is, we don't want to do anything too crazy in this cold war environment to get the -- our enemy responding how we don't want them to respond. i.e., the chinese and soviets. so, instead, this is where we get this idea of gradualism. let's keep ratcheting up the power. this is what the air plan should do, is ratchet up that power. so, before we get into rolling thunder i want to remind us about the air wars. last time we discussed the difficulty in chain of command and command and control structure of all th

and china countdown to tit-for-tat tariffs. we will see billions of dollars of goods on both sides.ashington is warned against further escalation. ramy: i am ramy inocencio in new york, it is just past 7:00 p.m. on sunday. markets set forth a mixed and muted start. traders looking ahead to the meeting at jackson hole.

or without its hand tatted lace these types of floral patterns and textured embroidery are typical ofburano lice which enjoys a long tradition here today just a few women still practice this craft like this lace maker in a specialty shop but hand tatted lace has its price. like this tablecloth which took twenty lace makers two years to make. this claw is approximately five hundred two metres yet it's comprised of individual parts which have been put together when you folks ask how much it costs we say as much as a ferrari. and this wedding veil is priceless it was once made for the italian royal family. these days just a few of the island's two thousand five hundred residents live from fishing they sell their catch in venice and numerous restaurants their menus feature a wife a riot a fresh fish and seafood. so what's the locals favorite fish dish. the locals love marinated sardines in the morning with a glass of wine that's typical. of many. after lunch we set off for the neighboring island of mano a twenty minute both ride away morano is world famous for its class. in the fourteenth

ok helena joins me now and she has the latest on the tip for tat tat of between the u.s. and china thank you and we're talking about more threats on both sides of this off to donald trump's top economic adviser says that the united states and china have been holding high level trade talks but the two sides appear to have found well little common ground larry kudo described china's threat to impose another sixty billion dollars worth of tariffs on the u.s. as weak and said the wall second biggest economy was quote in trouble with a trumpet administration accuses china of stealing intellectual property and not playing by trade rules china denies those allegations and says u.s. protectionism is a threat to go global trade. and we can bring in our financial correspondent for more on this now daniel coupes the frankfurt stock exchange and daniel china has said it's prepared to hit back with further tariffs do we have details on what. yes it all seems a little bit to be like kindergarten hell of a tree in those two countries first the u.s. president says i'm going to hit you wi

because nothing was accomplished at these talks we're looking now next month that we saw a tit for tatnow at sixteen billion dollars worth of tariffs thrown in by the states and of course china doing what it does is that same amount back and now we're looking at another two hundred billion in tariffs possibly next month from the u.s. side of course we'll see.

a bit of interesting tit—for—tat that always follows alonzo around. it certainly does. over the weekend at round 13 of the formula 1 world championship. you can stay with it on the bbc sport website. the european para athletics continues in berlin. day five there and great britain claimed the only gold medal decided out on the track in the morning session — david devine winning that in the 5000—metres. kate grey is in berlin for us. kate — a good morning. have we had a good evening too? it has been a slightly quieter evening for the british team with regard to gold medals, but plenty of other medals for the british team. a busy day for holly, who won a bronze. a new personal best distance. —— collie mating. —— holly maton. a good day at the office for holly maton, two bronze medals within the space of a few hours. has also been a silver for rhys hours. has also been a silver for rhstones in the t 37100 metres. plenty of medals over the course of the day, but let's focus on the gold medalfrom earlier. david ervine, winning his first european title in berlin and i am plea

and china escalate their trade dispute with sixteen billion dollars in tit for tat tariffs so who stands to lose the most we'll have a special report from one u.s. region bracing for tough times ahead. i am brian thomas a very warm welcome to the show australia's prime minister's clinging to power as a leadership crisis cripples his government now who turnbull is fighting for his political life as senior ministers deserve him and contest his leadership a second leadership voters do friday the government has suspended parliament to try to resolve the crisis no australian prime minister has succeeded in serving a full three year term in over a decade. let's bring in australian journalist roger maynard for more on this good morning roger is all straley on the verge of getting a new prime minister. it certainly seems that way so it's very likely the australian will have the nearby minutes by tomorrow not one hundred percent certain depends on whether or not a motion for a spill succeeds tomorrow if that does happen then nothing because the prime minister has said he will resign and he will s

china, saying that they are not doing enough to help, and with their trading row and all these tit—for—tating on. at the same time, you had donald trump specifically sending a warm message to kimjung—un. it gives you an idea that he believes that the key is in that relationship between the president and the north korean leader and he does not want to jeopardise that for anything. so, do you think this is a case of donald trump bargaining in his usual deal making or did he overplay his hand and overstate how much progress was being made? i think probably both is true. the truth is that donald trump is never subtle when it comes to negotiations and very often he believes the best way is to go out and shout very loudly. i was at an event recently with donald trumpjunior, his son, in which he talked about the kind of blistering way that he had got north korea to the table and he said, as a son, i understand that is exactly what my father is like, that is the way he negotiates. there is a loud, there is a bellicose way in the way that he approaches things like this and i think, ultimately, ther

if you saw in my outline, there is, from this, a [null] for tat . they do an operation right after seven february. again, going against north vietnam, the southern provinces of north vietnam, with a strategic campaign. operation flaming dart. but, there was a recognition that there has got to be something more sustained. within days, there is this idea that we will do this thing, rolling thunder. think about that, rolling, kind of graduated rolling along, getting bigger, maybe, a snowball effect if we have to. but rolling thunder will be our main campaign. we will initiated by the end of february. but, that is going to be delayed for about a week. so as we get into this operation, rolling thunder, i want to make sure we look at the inventory. we will talk about this more. but the inventory that is used, what the aircraft looked like, we have f 100 up there in the upper left. that is 105. being dragged along with forward capabilities. we will see why that become so significant to the operation. the f4 is definitely involved in this, not only as an ai

because nothing was accomplished at these talks we're looking now next month that we saw a tit for tat now at sixteen billion dollars worth of tariffs thrown in by the states and of course china doing what it does with that same amount back and now we're looking at another two hundred billion in tariffs possibly next month from the u.s. side of course we'll see the chinese throw back at that and doll shops even saying he might push it to five hundred billion dollar. now a lot of the analysts are saying that this might be a largely a long term gain for trump that he's trying to push a new status quo which would be tariffs especially when dealing with china and some other analysts are saying and this is interesting that at this point if trump was to back down if this was actually to be resolved he'd come out looking weak because the people would see that these tariffs have actually gotten done more harm than good to the states and that if he was in this terrible war that actually would be a.

as i mentioned the tit-for-tat trade war is there. the first sector to get hit is to really -- to promote ugly agriculture. if it's the administration. and impose tariffs that would significantly ramp up on the retaliatory side. $160billion worth of that. this is probably a little hard to see. it shows the trends we are seen. they are down quite dramatically. because of the retaliatory side. you are hearing a lot of growing angst from farmers throughout the country about the impact that these tariffs are having. you saw the administration. announcing a 12 billion-dollar package for our farmers. i think while that was a walk for them. they would much rather see market opportunities expanding versus closing our borders. you saw an administration announced. it covers model years 2021. it seems like a long time away. but those vehicles are getting designed and developed now. i just wanted to highlight the potential -- potential contradiction here. in order for them to turn over that. you are having the administration justify regulatory ac

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surprise attack across south vietnam during the vietnamese holiday known as tat. many historians consider the tet offensive as a turning point in the vietnam war. next on real america, saigon target zero, a 20 minute film shot and edited by south vietnamese armed forces who documented their efforts to kill and capture vietcong attackers, and to protect civilians and restore order in the capital city. the film contains graphic scenes of dead bodies that may be disturbing to some viewers. ♪ ♪ >> at the end of january, 1968, saigon was alive with a festive spirit as everyone prepared for the text new year. for the people of vietnam, that is a joyous and sacred time of the year. this was to be the first spring of the second republic of vietnam. the tet troops proposed by the communist north vietnamese seemed to promise the people a safe holiday, free from the anxiety of war. people gathered to pay respects to their ancestors. on the eve of the new year's, thousands of saigon families pray before the altars of their ancestors. they prayed that peace may be restored to

that will play into slower sales group -- growth and another sign of the fallout from the tit-for-tats. >> we will be into the high single digit range for china. i do see consumers feeling some of the impact to the trade war which is hot in the news. i think that has some impact to consumer confidence and sentiment. juliette: credit suisse has second thoughts about doing business with the owner of the national inquire which is at the center of a scandal involving hush money payments to women who had affairs with donald trump in 2016. the swiss bank was planning to help america -- american media refinance that but it made a flurry of negative headlines. representatives for credit suisse and american media declined to comment. that is your bloomberg business flash. manus: thank you. on trade and geopolitical tensions, they continue to simmer, it is a byline for every show we do. aremexican peso -- how investors positioning amid the volatility? welcome to the show, good to see you this morning. are you seeing any material shift in the etf flows in regards to the equity market as these tr

what's the reason behind increasing it and in a tit-for-tat if tat if you want to call it, who has more states? >> secretary sanders: the president certainly believes that the united states does, we will have an update, there will be a call to walk through the details of that update in regards to the question you asked, look, the bottom line is the president will continue to hold china responsible for their unfair trade practices. this has gone on long enough and he's going to do something about it. >> reporter: the president has made some headway with the e.u. in terms of lowering trade barriers and taking steps toward leveling the playing field. does the president believe that it is possible without taking some real punitive measures? >> secretary sanders: we would like to see the playing field level, the president as both he and i think about 15 members of his administration have said repeatedly we would like to see the unfair trade practices it stopped. until that happens the president will hold their feet to the fir fire, he's not going to sit back and allow american industries and

how long can you keep going tit—for—tat?d the table? the chinese delegation is on its way to washington for talks this week. no one seems to know what can be achieved. us business is not particularly optimistic. the us chamber of commerce said the trump administration has no coherent strategy for the relationship with china. in terms of how long they can go on, the us imports more from china than china from the us. china has the ability to tariffs more and markets. there are nonmonetary measures. . . markets. there are nonmonetary measures... there is the potential for the chinese to hit the us and other ways in an escalating trade war. the tit—for—tat goes on for as long as it is sustainable? there are few things he has been consistent on, evangelical christians support, unfair trade deals, emigration. when i was travelling around, i kept hearing from people who support the donald trump —— immigration. he would finally get tough on china's and fair trade practices. that is what he is doing. when you hit one country, he is s

of the escalations that have been taking place in just recent weeks what we've had is this tit for tat exchange between turkey and the united states if we back up a little bit it was just a week or so ago that in fact the trumpet ministration impose sanctions against two cabinet ministers over the continued detainment of an american pastor in turkey andrew brunson and then turkey response a sort of income mind with its own tariffs or rather sanctions against two more ministers here in the united states but we have to ask why all of this is happening not only do both of these leaders have a reputation both donald trump an heir to one of not backing down but as well what's going on here is that there is a genuine frustration over differences between these two key allies and it has been simmering for many many years certainly turkey is upset that more allies did not come to his assistance during that failed coup in twenty sixteen the one that swept up this past or the united states also made turkey very angry with its use of kurdish fighters in the north in syria in the fight against eise

strongly encourage them to negotiate with china not to just you know throw a tariff walls going to for tat. some american businesses even fear they'll be affected by both chinese and u.s. tariffs. we have some members that are finding out that the lines in fabrics that ship to china are going to be subject to a twenty five percent tariff and then the finished products they shipped from china back united states are going to be subject to a twenty five percent tariff so they're getting taxed twice and that's. not good also describes the chances of a breakthrough a trade talks set to take place between china and the u.s. from thursday u.s. president donald trump says he doesn't expect much asked for china. we hope to result during the trade talks. but as you know we normally don't like to make any comments before the actual negotiations and we hope both sides can sit down quietly and dedicate themselves to achieving a good result on the basis of the parish trust country to hold the table. but those talks will take place on the same day as the two countries impose a further sixteen billion dol

tariffs with tara of their own how much longer jeffrey could this tit for tat go on . well i'd like it to end today and in fact it never should have begun because the only victims here or american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war unfortunately what happened. starting last year we got a president who was just absolutely determined to start a trade war and now we have these retaliatory measures happening as a matter of national pride and there doesn't seem to be any end to it and i think there won't be any end to it for a very long time as a matter of fact you know if you look back to march peter navarro the trade advisor at the white house said. no countries would dare retaliate against us tariffs so i have the sense that maybe there was a certain level of naivety operate in that the level of the white house and the trade advisors and trump in particular that they really believe that this is just going to be this massive assertion of american power that hasn't turned out that way. in terms of the r

tit for tat. where are we? tell me how the world looks to you. >> we live in a world of with uncertainty everywhere. trade wars coming or not coming. our business set-up is largely to that extent that we produce and sell basically in the areas where we are selling, so production and sales are in the regions where we're in. you do see somefects with components. definitely we are well set up to produce in the region where is we sell. we don't like protectionism. we like free trade. that is clear. this is only good for business in the long run and for the countries to develop. trade wars never help anyone. we're not a friend of that but we have to deal with the issues as they are. we're well set up worldwide and we're producing and selling and we have a clear plan forward and i hope these uncertainties will go away. for all parties it can only be good to have a solid and stable environment in which to work otherwise, it will be rejected or postponed. never good for business anywhere. anna: one thing we talked abou

more likely scenario here is escalation of the tit-for-tat tariff war. to bring up a quick charge that shows the trade deficit relationship united states has with major trading partners. withow mathematically china that relationship allows china to retaliate like for like to a certain extent. what else can they do to make the situation more difficult for u.s. businesses? we have had a number of strategists say both sides will need to seal more pain. stephen: china is not limited to imposing tariffs on u.s. imports. there is a lot of havoc the chinese authorities could play with u.s. multinationals investing in china, in terms of the regulatory environments. there are nontariff barriers the chinese groups codirect. i don't think china is short of options in terms of prosecuting a trade war. haidi: and that aside with trump going into november midterms with xi jinping, what are the rumors speculating about internal criticism, can either afford to back down? stephen: i think they are both vulnerable, trump especially. i am not sure trump is not miss cultiva

the conclusion came hours after both parties ruled out their latest tit-for-tat tariffs. understands no further meetings have been scheduled while chinese officials raise the possibility negotiations afterbe on until november's midterm elections in the u.s. china has removed limits on foreign holdings in domestic banks and asset management companies. under the new rules, financial in two shins will be treated the same as local companies. foreign stakes were previously cap that 20% for single to sheen and 25% for a group of foreign investors. the group marks the latest step toward opening its $40 trillion financial sector. south africa has said he has told the u.s. embassy it is disappointed with washington's use of diplomatic channels to discuss land reform in the country. it said donald trump's tweet on the country "served to polarize the debate on the sensitivity -- sensitive and crucial matter." the south african bank said he was taking a measured approach after the u.s. president's intervention hit the rand. >> if there is a significant depreciation of the currency an

the breaking news on the trade for tat. train to more trade for ums to take tests for private and secure funding just secured in an sec investigation. what is next. lauren: u.s. stock market futures get a nice job this morning on news that the u.s.-china trade talks restarted. the dow up 101 points. s&p up one, nasdaq up 41. train to mostly lower in early trading, the early losses prepared a report that china had agreed to renew trade talks with the unit dates at the nikkei, shanghai, kospi all in the red. lauren: and in europe, across the board this with the in london that half of 1%. train to apple set to unveil three brand-new iphone. we've got the inside scoop on what you can expect, including the price tag. "fbn:am" starts right now. lauren: at 5:01 a.m. in new york. thursday, august 16th. a little friday as they call it. cheryl: it is little friday. i'm cheryl casone. we've got a lot of breaking news to get to this morning, folks. this is big. trade talks are back on between the united states and china. china's commer

after thencertainty tit-for-tat overnight continued between the u.s. and china on tariffs. you can see that we had minor losses. the market days pretty much flat. a little on the red on the dow jones and the s&p 500. the s&p 500 is just about one percentage point within a all-time record. techq delayed a bit by stocks. bonds are interesting today. at auction a $26 billion auction of 10-year treasury notes. uncertainty over trade because this has something to do with it. andr certain -- uncertainty a bit of a rally here. 3/16 on the 10-year note. the yield at 2.96% and people waiting for two re--- two reach 3%. that was partly responsible for that ricochet section we saw for the bloomberg dollar index as well. we had gains and we ended up with him of those lows there. taking a look at trading in new zealand getting underweight we are getting reaction, although not much other than the weakness in the kiwi dollar. keeping rates on hold as all the feet economist had expected the record low 1.75% there. a downcast assessment there from the central bank. suggesting the forecast h

goods , and that in turn, you will notice the pattern here taking form with tit-for-tat. $200 billionu.s. tariffs weinst chinese goods, and heard as bloomberg news reported recently, that trump was considering raising those levies, 25% from 10%. this obviously will have economic impacts and already is for the u.s. and china if you look at stocks or currencies. this is china saying, if you will levy the tariffs on to us, no problems swallowing that economic pain. we saw a recently, loosening some lending standards. that going.keep this will have widespread implications especially if they continue fire with for -- fighting fire with fire. ranging -- the ,eft big items like airplanes it is not so good -- what happens next? what escalates further? urging china to remain sober about all of this. >> yes. it is interesting. the the pit -- the paper we talked about earlier, which the nightment spoke to sunday , didn't want to be the u.s. policies -- accusing the u.s. of step, wethem, the next could see escalated trade tariffs but it remains to be seen how that the impacts will be and what the

applied ta riffs economies have already applied tariffs to $50 billion of each other‘s goods in a tit—for—tat tariffs would affect consumer products including home building supplies, technology products, bicycles, and apparel. mrtrump technology products, bicycles, and apparel. mr trump threatened injuly to impose duties on virtually all of the more than $500 billion of chinese goods exported to the united states each year and even said that resolving the trade war with china would take time and that he had no timeframe for when it will end. so talks between both sides last week aimed at easing tensions ended without any major breakthroughs, but we are all hoping here in asia that this could be resolved sooner rather than later. that net is spreading wider. thank you very much indeed. you are watching the briefing. let's turn to the growing financial crisis in argentina now. treasury minister nicolas dujovne says he'll announce measures on monday to get the government's finances under control, before flying to washington to try and renegotiate a $50 billion bailout deal with the imf. on thurs

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products the latest move in a tit for tat dispute with washington this after the u.s. doubled import tariffs on turkish steel and aluminum present rest of time to one suggests the turks would buy local or asian made phones instead of electronics sold by u.s. firms but it's not clear who else he intends to enforce the boy. the result we will produce every product we are importing from abroad with foreign currency here and we will be the ones exporting these products. we will boycott us electronic products. if they have i find don't forget there's always samsung too. and we'll have more on that ongoing dispute between turkey and the united states a little later in our business bulletin with monica all that and more coming up in just a minute you thanks. i'm going to. take it personally i go at it with all the wonderful place to make the game so special.

from iran to north korea russia china why can't your allies i think this has become a real tit for tat thing and i do not for a new york minute think that the pastor is really what is going on here of course are washington with that group of strain for some time ever since the coup attempt against terror go on i suspect there's something going on with regional politics maybe with regard to syria that is really the reason behind competitors like beijing and moscow attempting to pack as much heat as the u.s. these days sanctioning and scaring everyone in view may be the only way for the u.s. to impose its will on friend and foe alike donald quarter r.t. in protest against want.

he hasn't thrown any tariffs at you yet he's been much less has the time with china with the tit for tat going back and forth but why is he to start that he'd be getting battled from two directions at the same time when both sides really of this conflict would be losing a fortune fortunately that hasn't happened yet ok so some words of caution there from brits from the front of stock exchange thank you so much. all right one of the biggest trade shows for consumer electronics and home appliances has opened here in berlin there seems to be something for every technology found at the annual event and if the anticipation is keeping you awake at night well there's something for you to. sleep problems this year's eve might have the push on some headphones and a sleep mask and you can be literally toolkits to sleep if nothing else it offers a brief interlude from the busy trade fair pretty good but you know just relax now that the. so this is this entrepreneur has created a sleep robot. for five hundred euros sleeping alone can be a thing of the past once in the bathroom you will stay with the