tariffs on japanese cars and move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. the deal still needs to be vast a fight by the european parliament if all goes to plan the agreement will go into effect in the ocean of twenty nineteen. now let's bring in. financial correspondent in frankfurt only other than the huge symbolic value of this deal in times when free trade is under siege how important is this deal in real terms. it is really important and many people in the financial markets didn't really have this on their radar but they can see the numbers now the european commission expects the trade with japan to increase in the next two years with the benefits over all by up to twenty five percent and. benefits in the short run even exporters are expected to save about one billion euros through the tariffs being eliminated and you'll see similar benefits of course also for the japanese side. agreement is well balanced both sides have a body will trade with one another but there are different concentrations in the two economies so it's also seems lik

tariffs on japanese cars a move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. the deal still needs to be ratified by the european parliament if all goes to plan the agreement will go into effect in the autumn of twenty nineteen. of a more on that deal let's cross over to give our. correspondent in brussels and our financial correspondent in frankfurt i'd like to start with you georg according to the european commission the e.u. japan deal is the largest ever negotiated by the e.u. how significant is this is especially right now in times of protectionism. we're going to of course there is the economic value of this massive trade deal but there's also the strategic significance and i would say that at this moment even the the more important part the message here being that close the markets remain open remain rule based and that is why she won't go juncker the head of the european commission in this press conference with the japanese prime minister made clear that there is no protection in protectionism and that there is no unity at a time where t

tariffs on japanese cars and move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. the deal still needs to be vast a fight by the european parliament if all goes to plan the agreement will go into effect in the ocean of twenty nineteen. all right in football now france is still in celebration mode following its world cup victory the team member turned to paris with the iconic trophy yesterday with thousands of fervent fans i welcome them back home and it all started on the shoals of these they were a sea of supporters crowded the streets and try to get a glimpse of the team as they went through the city on their champions bus and present to me on my car has always held with the legion of honor for the victors exceptional services through their country and after all that let the fans with a little something in the day. who aren't there brings us to the end of this edition of the daily news on little rock n roll and on behalf of all of us thank you so much for watching we'll be back at the top of the hour see that. it's all happening going to limit. yo

tariffs on japanese cars a move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. the deal still needs to be ratified by the european parliament if all goes to plan the agreement will go into effect in the autumn of twenty nineteen. so a landmark free trade deal monika jones from the businesses here monica is there anything that could get in the way of this agreement being implemented next year of course i'm that always something could happen but this one looks pretty straightforward as we just heard it needs to be ratified by the e.u. parliament but not by all the european member states so something like what happened now with with italy threatening not to ratify the canada agreement that is something that we will probably not experience but why don't we ask our experts we have two terrific people out there one is our correspondent who is standing by for us in brussels and the other is our financial correspondent in frankfurt i would like to actually toss that question right actually there is this free trade agreement a done deal and if so how sign

tariffs on japanese cars a move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. the deal still needs to be ratified by the european parliament if all goes to plan the agreement will go into effect in the autumn of twenty nineteen. brantley bartz from the frankfurt stock in strange. apart from the symbolic push for free trade how important is this. it is important and not just symbolism but it's going to push the economies of both sides along that's what the european commission is convinced of it says that it will massively increase the volume of trade by up to twenty five percent in the next couple of years of course once the full slew of the measures take effect there are some intermediate steps where the full effects won't be felt she had to in order to allow certain sectors to get used to free trade to ninety nine percent of those tariffs falling by the wayside and you exporters are expected to save a lot of money there is that car aspect it was just mentioned and of course if there are no tariffs anymore on japanese cars they're very popular h

tariffs on japanese cars and move that comes as good news for a well known japanese brands like toyota nissan and mitsubishi. deal still needs to be vast a fight by the european parliament if all goes to plan the agreement will go into effect in the ocean of twenty nineteen. now let's bring in our financial correspondent in frankfurt only other than the huge symbolic value of this deal in times when free trade is under siege how important is this deal in real terms. it is really important and many people in the financial markets didn't really have this on their radar but they can see the numbers now the european commission expects the trade with japan to increase in the next two years with the benefits overall up to twenty five percent and. benefits in the short run even exporters are expected to save about one billion euros through the tariffs being eliminated and you'll see similar benefits of course also for the japanese side. agreement is well balanced both sides have a body will trade with one another but there are different concentrations in the two economies so it's also seems like a c

toyota after 1.4% and nissan off 2.3% the automakers among the global firms that are rattled by the trade tensions the first round of the u.s. china trade tariffs go into effect on friday it appears in asia, the fear is that this is getting very real the shock that could be felt in asia is what we're seeing reflected in the markets, the concerns around which i should say. look at what happened in the south korean market as well. firm moves to the downside the blue chips, the stocks that have a lot of foreign exposure were weighing to the downside. off 2.36%. overall, korean stack had a worst day since march. i want to give you one more close check on the markets in china. the hong kong market was closed today for a holiday. on the mainland, selling once again taking a dent on the rebound. off 2.5% the shenzhen off 1.6%. all this as investors keep an eye to the weak yuan 0.5% >>> nancy, thank you very much for that u.s. president donald trump says the global auto industry is his strongest tool in an interview with fox this weekend, he called his threat to raise tariffs on automakers the bi

nissan sedan. chp car was pushed into a toyota camry. tty, her husband and the officer were taken to the hospital with non-life- threatening injuries. the nissan driver was hospitalized with major injuries. he will face dui charges once he is released from the hospital. the driver of the toyota with not hurt. the tunnel from alameda to oakland was closed for about two hours before reopening at about 5:20. >>> a serial rapist post as a right here driver to pick up his victims has been arrested. is accused of raping for women in the last five years. one attack was last month. >> reporter: police say that the victims thought they were getting into a car driven by someone working for a right here company. 013 and three more times this year. >> these assaults were violent rapes committed by a serial rapist, a sexual deviant predator who is not going to st >> reporter: dna matches that of the suspect of san mateo. he was arrested on thursday for four counts of rape, assault. >> this is the thing that everyone fears can happen. >> reporter: he f

honda is facing stiff competition from nissan and toyota in its to mystic market.d chartered fell in london as expenses for the first half of the year jumped a higher-than-expected 7%. the emerging markets lender also indicated those costs are unlikely to decline over the rest of 2018. the bank finances trade across asia and accu -- africa. he told bloomberg he is confident. moment we are not seeing evidential signs of weakness, but obviously we are keeping a very, very close eye on it. over a period of time we will see what happens. a lot of activity happening in china will continue anyway. we are very well-positioned. we are neutral but keeping a watchful eye. investors may be seeing high returns on the horizon. the ceo's three-year turnaround adding $9ht earnings, billion of banking assets. they say it receives an eu antitrust complaint last week over reading a foreign exchange rates. >> this was a very good quarter. assets, which is very important for us. management, you have $40 billion. jaguar land rover is counting on demand for new models that an increase i

companies like toyota and subaru and nissan, they employ tens of millions of hoosiers. these companies operate by making sure that there is a global supply chain interrupted. and mr. bolten, in the prepared testimony, you say the administration is now investigating whether to employ the same national security argument to restrict imports of automobiles and auto parts under section 232. sir, can you describe in more detail what you think would be the consequences of this approach for companies producing automobiles in indiana and beyond for american consumers? >> in a word, disastrous. the steel and aluminum will ripping throughout the economy. now take that and multiply by ten, because the automobile trade in this country is much larger in a wee import. now the supply chain is interrupt interrupted for companies to get the products. and to put into their autos, it just makes the entire industry less competitive. putting aside, even the dramatic price increase attacks of the people who can least afford to do it. this is why we are testifying so strongly, mr. chairman, be

companies like toyota and subaru and nissan, they employ tens of thousands of hoosiers, these companies operate by making sure that their global supply chains go uninterrupted. and mr. bolten, in your prepared testimony, you say the administration is now investigating whether to employ the same national security argument to restrict imports of automobiles and auto parts under section 232. sir, can you describe in more detail what you think would be the consequences of this approach for companies producing automobiles in indiana and beyond and for american consumers. >> in a word, disastrous. the steel and aluminum tariffs are already having a really detrimental effect on a lot of downstream users of steel and aluminum. that will ripple throughout the economy. now, take that and multiply it by ten, because the automobile trade in this country is much larger. it's in -- you know, we import close to $400 billion per year in autos and auto parts. now, if those supply chains are disrupted, you know, who knows how long it takes to reestablish them. they're probably -- there probably aren't wa