u.s. commerce secretary wilbur ross says the u.s. will impose penalty tariffs on imported steel an element in products from the european union will come into effect on friday along with tariffs against canada and mexico now steel will face a twenty five percent tariff on the minion ten percent after hard negotiations at the o.e.c.d. conference in paris e.u. negotiate is unable to get the u.s. to reverse its position the e.u. has already put together a list of u.s. products which will now also face retaliates we import tariffs they range from agricultural projects to famous motorcycles or business ties across the atlantic are now at a new low but u.s. commerce secretary will ross makes it sound like european leaders are just blowing the whole situation out of proportion take a listen the turf war for auction of one. own product the beer soft drink and in the soup because it's all a fraction of a pony each of those germs are going automobile it's also a fraction of one. for the economy overall it's a very small fraction of one remember

u.s. commerce secretary wilbur ross has been holding talks with chinese leaders in beijing the u.s. wants china to buy more american goods to reduce its trade deficit france is also warning the u.s. attack as only a few days to avoid a trade war finance ministers from some of the world's largest economies are meeting in canada they concern by president donald trump's new taxes on steel and aluminum imports israeli forces say warplanes have targeted fifteen hamas sites in gaza after three rockets fired from the strip were intercepted tension escalates between hamas and israel falling intense exchanges of fire last week the worst in four years. just thirty protests in jordan events for the fourth day in the biggest demonstration against the government in years riot police used tear gas to break up a rally calling for the cabinets resignation in amman king abdullah but ministers on saturday after they approved a new draft law on tax reforms and started to. support our brothers that are going down to the street to protest against new taxes because the people are going through a very tou

u.s. commerce secretary well the ross has been holding talks with chinese leaders in beijing the u.s. wants china to buy more american goods to reduce its trade deficit fund is also warning the u.s. it has any a few days to avoid a trade war finance ministers from some of the world's largest economies on meeting in canada are they concerned that president on trump's new taxes on steel and aluminum imports. israeli warplanes have attacked the gaza strip after rockets were fired from the area the israeli military targeted fifteen homicides tension escalated between hamas and israel following intense exchanges of fire last week the worst in four years. a fourth day of protests underway in jordan against tax rises in the cost of living right police in the capital amman used tear gas to break up crowds demanding the government's resignation protesters are furious at ministers approving tax rises required by the international monetary fund to reduce the natural de national debt at the start of the one michelle bachelet you know we support our brothers that are going down to the street to pr

u.s. commerce secretary had gone there trying to reduce the three hundred seventy five billion dollars trade deficit the u.s. has with china he wanted a target of reducing that amount by two hundred billion but the chinese refused to set a specific number then ross insisted on raising the subject of u.s. tariffs he said the u.s. would increase tariffs on some fifty billion dollars of chinese products by twenty five percent in vats is where things went bad his chinese counterpart said there would be no agreement on anything as long as those tariffs went forward and that kind of mirrors what the u.s. is doing in the g seven negotiations ahead of a meeting later this week in canada in that case those countries are angry over u.s. steel and aluminum tariffs i suppose we got a little insight into president trump's negotiating style from the former head of n.b.c. jeff zucker said that when trump was negotiating after his first season of the apprentice where he was getting fifty thousand dollars an episode he had asked for a million dollars but in the end and did up accepting sixty thousand dollars

u.s. commerce secretary will arise. he said that the u.s. is willing to negotiate so who's dropping the ball here in europe or the u.s. and i wouldn't i wouldn't say that they'd see no one playing against the ball against each other the other but. it's true there have been a lot of negotiations going on before it's not that nobody was talking to to anybody until the very last minute for example the german economic mr putin my ass now say you commissioner cecilia monstre a lot of people have negotiated and tried everything to prevent this you know from from happening what we see now that june first of the terror some plan of a ceiling aluminum this is not a game this is not a good signal not not good for the trans-atlantic relations not good for the economy so on and i think we have to go shit and talk further what is europe not willing to give the united states that the united states wants right now well from the discussion that i hear at that for example of the d o c department of commerce or the national economic council in washington they

u.s. commerce secretary brushed off everybody has every known and. every country with others who. are of. course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do able to do exactly. the same it's totally up to the it comes. when it comes to. create france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. that comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff haven't shown him how much those european companies have invested in the united states created jobs that to assemble and produce the now those u.s. jobs could be at risk just as president donald trump seeks to fulfill one of his top campaign promises to protect the jobs of his supporters in america's steel and aluminum manufacturing sectors it's not just international partners criticizing donald trump's decision to oppose steel and aluminu

u.s. commerce secretary wilbur ross made the announcement from paris where he was attending an annual trade forum. tariffs of twenty five percent on steel and ten percent on aluminum imports into the united states from canada mexico and the european union all go into effect friday the move potentially sets in motion a trade war with some of the united states' most important allies a claim the u.s. commerce secretary brushed off everybody has a remeron again very firmly every country with others whose loathing weird about. it will get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally. that it come to be three measures when it comes to. create france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. the comes a point when one needs to look at the figures and i'm surprised that maybe pre

u.s. commerce secretary wilbur ross made the announcement from paris where he was attending an annual trade forum. tariffs of twenty five percent on steel and ten percent on aluminum imports into the united states from canada mexico and the european union all go into effect friday the move potentially sets in motion a trade war with some of the united states' most important allies a claim the u.s. commerce secretary brushed off everybody has every now and again very firmly every country with others whose loathing weird about. it will get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally. that it come to be. three measures when it comes to its. credit france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. the comes a point when one needs to look at the figures and i'm surprised that

u.s. commerce secretary wilbur ross made the announcement from paris where he was attending an annual trade forum. tariffs of twenty five percent on steel and ten percent on aluminum imports into the united states from canada mexico and the european union all go into effect friday the move potentially sets in motion a trade war with some of the united states' most important allies a claim the u.s. commerce secretary brushed off everybody has a remeron and very firmly every country with others whose loathing weird about. it will get over it in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliate tory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do able to do exactly. the same it's totally. that it come to look through measures when it comes to its. credit france's jr trade minister promised a similar response suggesting the u.s. president may be misinformed. that comes a point when one needs to look at the figures and i'm surprised that maybe presid

u.s. commerce secretary brushed off everybody has every now and again every for every country with others whose loathing we are to. get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do able to do exactly. the same it's totally up but that it comes. from measures when it comes to. create france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. that comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff haven't shown him how much those european companies have invested in the united states created jobs that to assemble and produce that now those u.s. jobs could be at risk just as president donald trump seeks to fulfill one of his top campaign promises to protect the jobs of his supporters in america's steel and aluminum manufacturing sectors it's not just international partners critici

u.s. tariffs its exports. a commerce ministry spokesman said the nation will use a combination of quantitative and qualitative measures. at the same time, beijing has announced that it will hold a trade summit with the european union on monday. u.s. commerce secretary wilbur ross joins us after midday u.k. time. the chances of opec reaching an oil production deal have increased after a rent edged away from a threat to veto any agreement that would raise output. the saudi energy minister said every minister he has spoken to agrees that it's time for the group to change course. but i'm encouraged that we are converging toward a good positive union that would see not only the stakeholders within the oil industry but also our consumers. >> global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . anna: thank you very much, deborah in hong kong. details of the market session and how they developed in asia. markets and sha

u.s. commerce secretary wilbur ross and the chinese vice premier view in beijing and they did without any specific new agreements cannabis prime minister meanwhile has called the new u.s. tariffs insulting and says canada is ready to impose its own parents in retaliation . first of all we're putting the same kinds of tariffs exactly on steel and aluminum coming from the united states into canada to be directly reciprocal but we are also putting a number of tariffs on consumer goods finished products for which canadians have easy alternatives one of the either made in canada or made from another partner with the tariffs one of the truths about tariffs is they drive up costs for consumers and on top of that these tariffs are going to be hurting american workers and canadian worker the idea that we are somehow a national security threat to the united states is quite frankly insulting unacceptable mike hanna joins us live now from washington d.c. so mike any sign of compromise from the u.s. especially seeing the reactions both from countries like canada and of course china which is crucial wel

u.s. commerce secretary wilbur ross made the announcement from paris where he was attending an annual trade forum. tariffs of twenty five percent on steel and ten percent on aluminum imports into the united states from canada mexico and the european union all go into effect friday the move potentially sets in motion a trade war with some of the united states most import. allies a claim the u.s. commerce secretary brushed off everybody has every now and again very firmly every country does with others who is nothing weird about that i think everybody will get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally accepted but that it come to be as you pose you are through measures when it comes to. the great francis jr trade minister promised a similar response suggesting the u.s. president may be misinformed. no more forget that issue that

u.s. commerce secretary wilbur ross has been holding talks with chinese leaders in beijing. savannah's former prime minister's version early parliamentary elections as rightwing anti immigration party is likely to win the most seats but will have to find coalition partners to form a government israeli warplanes have attacked the gaza strip after rockets were fired from there these really military target fifteen hamas sites including weapons stores how much hasn't claimed responsibility for launching the rockets which the israelis say were intercepted intense exchanges of fire last week escalated tensions. rescuers are looking for survivors from a collapsed building in the kenyan capital nairobi police say two people were killed rick last claims four people being pulled alive from the rubble of the five story building farmers in northern india demanding a fair price for their crops with some on a ten day strike they want traders to pay more for their products and they want financial aid from the government more than half of india's farming households are in debt despite numer

u.s. commerce secretary wilbur ross held trade talks in beijing with chinese leaders earlier in the day he praised his meetings with china's vice premier as friendly and frank despite the two countries threatening to attack tariffs on goods worth up to one hundred fifty billion dollars each so live to john hendren now in washington and it looks like the chinese are refusing to back down john. no compromise on either side merriam president trump has been dispatching trade representatives around the world trying to make a better deal for the u.s. and he's been really focused on the trade deficit and there's a huge one between the u.s. and china a lot of economists would say he's too focused on the trade deficit and the logic goes like this i've got a trade deficit with the macy's department store because i buy from them and they don't buy anything for me but in the end we both get something out of value of value out of that relationship in the same way when china gives the u.s. cheap steel people in the u.s. benefit and when the u.s. sets tariffs on that cheap steel that may benefit the u.s.

u.s. commerce secretary wilbur ross held a trade talks in beijing with chinese leaders earlier in the day he praised his meetings with china's vice premier as friendly and frank that's despite the two countries threatening take for tat tariffs on goods worth up to one hundred fifty billion dollars each let's go live to john hendren in washington d.c. following this for us so tough words from the chinese any sign of compromise. well barbara that those talks may have been friendly and frank but they did not seem to be very effective errors no common ground between the two sides right now and that is because the chinese are objecting to those u.s. tariffs those tariffs were levied on electronic goods about fifty billion dollars of them and that is because the u.s. that is a penalty a sanction because the u.s. says that the chinese have been stealing u.s. technology or forcing u.s. companies to divulge that information about that technology in order to do business in china so they're going ahead with those sanctions and the chinese negotiators told wilbur ross that is simply unacceptable and

u.s. commerce department the tariffs could force the company to downsize putting thousands of jobs at risk that contrasts with the trumps of trumpet ministrations argument the tariffs on imported vehicles would protect u.s. industry the company which makes some of its vehicles for the u.s. market in mexico and canada also warned that tariffs could hike prices and reduce sales scott is a senior economist and director of trade and manufacturing at the economic policy institute he says the tariffs could actually boost domestic production. the terrorists are going to be costly. and they may be particular costly for general motors on the other hand they also may lead to an increase paradoxically in auto production in the united states g.m. has proven itself unable to make automobiles in particular they do fine making trucks and s.u.v.s but they can't make automobiles that's what they're for the talking about putting in tariffs on. but what we've seen in the past when the u.s. imposes trade restraints we did this in nineteen eighties on all imported autos especially those coming from japan those

u.s. commerce secretary. and even of. europe is the united states largest trading partner which means a trade war between the two economies would likely be damaging for both sides and especially for consumers. it was a difficult birth but after a week of back and forth italy finally swore in its new government political newcomer just seventy conte a little known law professor will lead an anti-establishment coalition as the country's new prime minister. for the italians he will give it our best. the country needs confidence. it needs to lay the groundwork to take everyone forward with dignity and pride. words intended to build trust currently in short supply in italy's markets the debt securities have been in freefall and there are major concerns about how a new governments will behave towards the euro and the european union and whether italy will try to lead the block any time soon the new government has a huge hole to climb out of. italy has two point three trillion euros in debt that's the equivalent of one hundred thi

u.s. commerce secretary wilbur ross has been holding talks with chinese leaders in beijing earlier in the day he praised his meetings with china's vice premier as friendly and frank last despite the two countries threatening to attack tariffs on goods worth up to one hundred fifty billion dollars each let's go live now to john hendren in washington so it looks like the chinese are digging their heels at. that's right president trump has been sending trade representatives all around the world trying to make a better deal for the u.s. and he's really focused on trade deficits some economists would say too focused on trade deficits after all i've got a trade deficit with ralph lauren i buy their suits they don't buy anything for me but in the end we both get something of value and in the case of china there's a three hundred seventy five billion dollars trade deficit wilbur ross tried to get china to negotiate that down by two hundred billion dollars the chinese did not feel comfortable giving a number like that and then russia told them the u.s. was planning on renewing twenty five percent

u.s. commerce secretary wilbur ross he arrived in beijing on saturday he says meetings have been friendly and frank so far the u.s. wants china to buy a more american goods to reduce its trade deficit flaws louis as well from beijing u.s. president donald trump has said he wants to reduce the trade deficit with china by about two hundred billion dollars within the next two years and u.s. officials are pro proposing a couple of ways to do this one way is to get the chinese to buy more u.s. products there's already a commitment by china to substantially increase their purchase of u.s. agricultural and energy products but u.s. officials will now want to push for a specific target as well as for the chinese to enter into long term contracts which you chinese officials have so far been reluctant to commit to and then u.s. officials have said they also want to see structural changes in the chinese economy and they've long complained about unfair trade practices a large part of this complaint centers around intellectual property rights and of course there's the issue of chinese government subsidi

u.s. commerce secretary wilbur ross is arrived in beijing for trade negotiations he's pushing china to buy more agricultural and energy products to reduce their lee three hundred forty billion dollars trade deficit between the two nations foreign slowly has more from beijing. this is the third round of trade talks between china and the u.s. the world's two largest economies and the idea is to avoid a full blown trade war but the events of the past few days have complicated matters first up you have the about face by the u.s. when it comes to the imposition of tariffs on chinese goods now having initially said it will put these tariffs on hold while talks are ongoing the u.s. a few days ago said it would push ahead of tariffs and this has left chinese and u.s. officials in a state of uncertainty and without much confidence that whatever they agree on this weekend will actually amount to anything and then of course second is the issue of the u.s. imposing tariffs on steel an element in products on the e.u. mexico and canada this has angered and alienated its allies it will make it harder for

u.s. commerce secretary brushed off everybody has every now and again very firmly every country does with others who has nothing weird about the whole thing go everybody will get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. and everything from blue jeans to motorcycles and what they can do we are able to do exactly. the same it's totally accepted but that it come to the letter of measures when it comes to its credit france's jr trade minister promised a similar response suggesting the u.s. president. i may be misinformed. no more forgot that if there comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff haven't shown him how much those european companies have invested in the united states created jobs that to assemble and produce that now those us jobs could be at risk just as president donald trump seeks to fulfill one of his top campaign promises to protect the jobs of his supporters in

u.s. commerce secretary will go ross is due to arrive in beijing on saturday for the next round of talks. well payment systems in credit card giant visa crunch across europe on friday the breakdown left custom a stock at tills and stores across the continent and looking in dismay at cash machines he just said late on friday it was working to fix the problem but his progress was being made some transactions with still being rejected as the backlog from the often went through the system music could not say how many transactions had been blocked rivals american express the most to call when not affected. that's it for me on the business team here. thanks for your company and see you again same . time. every journey begins with the first step and every language for with the first word going in the. code is in germany to learn german why not learn real simple online on your mobile and free shop from the d.w.p. learning course nikos german meeting the sea. change. home. john says. isn't it time for good news eco and africa people and projects that are changing our environment for the better it

u.s. commerce secretary wilbur ross spoke out against what he calls unjustified price rises in the metal and he says some in the markets are unfairly claiming on to inventory there is more. the price of steel and for a world the pros of aluminum we're not far more than is justified by the tariffs and so we are starting an investigation into that trying to find out whether there are people who illegitimately profiteering out of the tariffs there's no reason for terrorists to increase the price of steel by far more than the percentage of the term now the interesting thing in this whole trade spot is that the united states are suddenly the bad guys and china is the victim now president xi jinping has been sending a consistent message for over a year now which is beijing is open for business but foreign investors are telling a much different story. whenever the cameras are on cheatin ping has a clear message for the global community seems you change your hearts and we have to say no to protectionism it would be akin to hiding in a dark room where you wouldn't be bothered by wind and rain but he

u.s. commerce secretary wilbur ross is in beijing to talk about new tensions over trade ross is to discuss a promise by beijing to buy more u.s. goods to reduce its current account surplus the meetings come after the u.s. threatened again this week to impose tariffs on some chinese imports. the on again off again summit is on again u.s. president doll trump says he will meet the north korean leader kim jong un on june twelfth in singapore just days ago trump had canceled the summit intended to denuclearize north korea blaming belligerent rhetoric from pyongyang now after having met with a senior north korean envoy at the white house during which trump was given a personal letter from kim trump says the summit is back on track. the meeting between the north korean delegation and u.s. president donald trump ended with smiles photos and handshakes. then flanked by u.s. secretary of state mike pompei oh the president announced that the historic meeting with north korea's leader kim jong un would go ahead after all will be. jihad june twelfth in singapore what very well it's really getting to k

u.s. commerce department first announced it would be stopping tariffs on spanish on its back in january now it's made the decision final saying the products are being sold fall below market value in the united states cutting promised in california. well russian news agency task says it expects one to hoff million fans to visit the world cup spending a total of two billion dollars during their stay of the tournament speak hosted by eleven cities across russia but for thousands of fans travel and sleep is expected to come at a premium. world cup fans are already adding a party atmosphere to the streets of russian host cities. for many it's the trip of a lifetime and they fork out enormous sums of money just to be here but for some cost are likely to blow out the russian government regulates hotel prices but that doesn't mean they have to let their rooms go cheap. it was this one using its experience of such elan big games russia was able to regulate the prices for hotels in each region the price depends on how many stars the hotel has. many hotels like the three star slav younker hotel in mos

u.s. commerce secretary will go ross is due to arrive in beijing on saturday for the next round of talks. well payment systems in credit card giant visa crashed across europe on friday the breakdown left customers stuck at tills and stores across the continent and looking in dismay at cash machines he just said late on friday it was working to fix the problem but his progress was being made some transactions was still being rejected as the backlog from the office knew and went through the system music could not say how many transactions had been blocked rivals american express and most are called when not affected. that's it for me on the business team hey buddy and thanks for your company and see you again see. the a. record for the why charlie. brown this straight you know but feel better about who was your favorite team. in the dominican by making them i'm sure if you and your overall to the entire country champion insurance for the last sixty years. for minds. global inequality. in equality means in a global he connected well. when differences become disadvantages. the benefits needs

u.s. commerce secretary will go ross is due to arrive in beijing on saturday for the next round of talks. well payment systems in credit card giant visa crashed across europe on friday the breakdown left customers stuck at tills and stores across the continent looking in dismay at cash machines he's a said late on friday it was working to fix the problem that his progress was being made some transactions were still being rejected as the backlog for me often went through the system means it could not say how many transactions had been blocked arrivals american express i'm off to call one not affected. that's it for me on the business team here. thanks to your company and see you again see. what. they make a commitment. they find solutions. based on stronger. africa . stories from both people making a difference shaping their nation. and their continent of africa on the move the stories about motivational change makers taking their destiny into their own. double here's a new multimedia series one. d.w. dot com africa on the most. how the germans came together in one nation from shanda money