the deal is more likely than not because china can easily buy more us products and china is making an alert —— intellectual uppity protections. how damaging has this been to us, china and the global economy? it's hard to say. global trade is weak at the moment. it is hard to work out how much is a result of these tensions 01’ much is a result of these tensions or broader global weakness. europe has seen weak growth on the trade side and that could be a change until negative aspect but it is a combination. tensions have her trade between us and china and i think just global growth slowdown has heard a lot of global trade. while the world's two biggest economies both insist the talks are going well it's still unclear whether us tariffs on china will be lifted any time soon. robin brant has been looking at how that uncertainty is just one of the challenges facing companies in china. in china's trainer —— trade what with the us, a winner is emerging. a red country that's watched its hands of pure socialism and has seen a rush of foreign investors. welcome to vietnam. it is increasingly h

us- trade talks - make us— china trade talks involving tesla a re us— china trade talks involving teslaca miller. it looks like a busy week ahead. we are starting with british lawmakers that are due to vote again on alternative exit proposals. 0n to vote again on alternative exit proposals. on tuesday, we get a rate decision in australia. the government is also presenting its budget for the year. on that same day in taiwan, taxi drivers are expected to hold a major protest against uber. 0n expected to hold a major protest against uber. on wednesday, china's vice premier is had —— heading to washington, dc for more trade talks and the government's contempt against elon musk is scheduled for thursday. ending the week, australian finance ministers will meet in thailand and it will be about opening up the banking system —— taiwan. about opening up the banking system -- taiwan. a lot of developments today just for investors. -- taiwan. a lot of developments todayjust for investors. thank -- taiwan. a lot of developments today just for investors. thank you for the update. james dawson had the

china. it has a great impact on us. it's difficult to find jobs. ny is a giant in the world of wi—fi router is, making 3 million here, and it's expanding, but not in china. it is setting up in via an arm. translation: the us tariffs will make us move our production line for the american market to vietnam. we can make sure the quality of the product is the same and it is somewhere that has no such tariffs. the trade war is an issue for this company. it faces on the longer term challenges. there are fewer workers are now costing more and more. then there is this, investing in automation. the workers of the future that just automation. the workers of the future thatjust keep going and going. a recent survey by the bank ubs suggested significant movement. it spoke to 200 manufacturers in china. around bird said they'd moved some production abroad last year. almost half the movers said the trade war was the region. translation: i would say via duncan save much money in transport, management and logistics costs. — vietnam. all this is china's government i

will be implemented and existing ones loosened but that is by no means a sure thing the us has recently threatened china with more tariffs in the case of no one green meant. joined by the chief economist of the world trade organization robert kaufman a scope on thanks for joining us on the w. business what is actually worse brags that all the trade spat between china and the u.s. at the moment. well there both bad but i would have to say that the global nature of the global impact of u.s. china and u.s. actions on other countries is probably going to have a much bigger impact than brics although brics it will have a very concentrated impact on the u.k. and the e.u. so you know it's. six one half dozen of the other probably a little bit worse on the global side us china in concrete times what are your findings what can we expect. well our findings are by the way generally our concern is slowing economic growth because that drives a lot of trade growth particularly investment but these trade measures that countries are taking with against one another us china for example well the uncertainty around the br

good to have you with us many say the future is asia while the west is stagnating doomed to decline what is your take on that. don't think current situation is not necessary to. china or other asian countries sort of dominating the west but rather what is happening are two things first. you know western country european countries as well as the us and japan already reached a high income high income economy not too dirty and saw dollar grows. on the other hand developing asian countries are catching up process to these advanced economy so this is the one process of our expansion of global economy secondly i count i'd like to point out global economy currently so much interconnected so. growth momentum asia also supports the economy's growth and in turn grow. grows support by country also benefit the. asian countries are mutually reinforcing because going on that's what we stand corrected. when you when you mention interconnected economies we of course know it here the chinese growth is slowing the way out not just because of the the trade dispute how big an impact does the slowing growth in china have on asia as a whole. so again in global economy as well as with th

the us has also become concerned china might agree a deal but won't stick to it. epresentative robert lighthizer has told congress that any agreement must be enforceable. china has made some concessions already including new laws to give protection to foreign firms. but according to bloomberg — there is a plan for 100% foreign owned companies to be allowed to operate in all sectors by 2025. as things stand, many need to form a joint venture with a local partner. we have agreed to far more than we have left to agree to. and in fact, i would say, i think i can say that some of the toughest things have been agreed to. we have some things that are actually easier right now that we're doing. but it's a very, very, using a word i don't like using too often, but it's a very, very comprehensive deal. let's bring in tim stratford, a trade lawyer in beijing and a former us assistant trade representative joining us from beijing. tim, divergent messages from the us and china. how close do you think these two countries are to reaching a deal? i think present trump's estimation

precisely at a time when the centre stage, us china trade work, seems to be the escalating.to be the base case that trump will go ahead with closing the border. —— us china trade war. but if it is not, it is not something we can ignore. how much of an impact will this have on the economy? how much of a loss would be cosmic as recently as last year, they just would be cosmic as recently as last year, theyjust re—struck the free—trade agreement. year, theyjust re—struck the free-trade agreement. the new nafta. the canada mexico and us. that is correct. the supply chains are quite integrated. they have half $1 trillion on exports between the us and mexico, mexico is a major export hub for auto and auto parts, the third largest exporting hub in the world. it imports a lot of stuff from the rest of the welcome about $60 billion worth of imports that mexico has from the rest of the world co m es mexico has from the rest of the world comes through the united states. so if that border is closed, that will clearly have repercussions. the bottom line is that, with this prickly ship, t

eu said it would not follow the us but hopes that there might be some concessions from the us talks with chinad also benefit the eu. thanks for that. the us trade representative office has threatened to slap tariffs on a list of european union products. including the large commercial aircraft as well... the european aircraft subsidies also and colludes dairy products and one. the agency estimates the harms of those subsidies to be $11 billion in trade year. at this time yesterday, nissan was preparing to oust ghosn from its board. now the japanese car maker has severed the final tie with its once all powerful chief. after being rea rrested last once all powerful chief. after being rearrested last month mr ghosn remains ina rearrested last month mr ghosn remains in a tokyo prison on financial misconduct charges as he awaits trial. in an exclusive interview, mr ghosn‘s where has told the bbc has health has deteriorated. it was good before he was rea rrested. it was good before he was rearrested. he was very keen to prepare his defence with his lawyers outside ofjail which he could not do at all

that tells us that germany is a whole is extremely vulnerable to what happens. there is some hope for a chinag risk still hanging over the eurozone manufacturers, and that is what will the us do with respect to its trade dialogue with the eu. the risk of auto tariffs on germany is clearly the shock that could tip the eurozone back into recession. and you talk about the effects of recession on unemployment, but that has come down quite markedly as well and that is another sigh of relief. very much. when the unemployment rate is coming down it basically shows us that an economy is considered to be above trend. that is very good news. however, if the growth rate, and the eurozone are still very much on track to reach growth north of 1% this year, which is significantly down from the near 296 is significantly down from the near 2% last year, 2.5% two years ago, if this is as good as it gets, if this is the eurozone trend growth it is a real concern. it is much weaker than what we've seen in the us or china that year this year. thank you very much. britain's main index has slipped with mining shar

six one half dozen of the other probably a little bit worse on the global side us china in concrete terms what are your findings what can we expect. well our findings are by the way generally our concern is slowing economic growth because that drives a lot of trade growth particularly investment but these trade measures that countries are taking with against one another us china for example well the uncertainty around the brics a deal also weigh on trade growth in that can affect quite a bit the bilateral relationships between countries we see a lot of trade diversion potentially occurring particularly in asia and north america and we would expect it with a disorderly breck's it to see more trade diversion occurring around the e.u. in the u.k. so what that means is that the direct effects are offset partially by trading with other countries instead of bilaterally between those two regions but then if that affects firms and consumers decisions about what to build or buy then you start to get pretty significant negative effects on economic growth and you get significant economic effects on

the week began with views of ninety day for troops in the to protect us china trade

there is hope that the trade tensions will soften, at least between the us and china.o not get a hard brexit which would also be beneficial for the german economy and chinese authorities may actually manage to boost the economy. you mention some keyissues boost the economy. you mention some key issues there but also they are watching closely talks and discussions between the eu and us regarding trade. that could have serious indications for germany if it went against the europeans. atley. there may be improvement on the us china front but we are still waiting for donald trump's decision by the end of may to respond to this commerce department report which could say german exports, car exports, are a national security threat to the us economy. obviously that would make things much worse and you would crash that kind of positive sign that we have seen in some leading indicators to the other side. thank you so much for coming in. there are many headwinds for germany and some of the other key economies in europe. let's move now to boeing. in a few hours time the ethiopian

china has slowed down. they are very dependent on exports and clearly the exports have been hit by the tariffs the us has puta lot to china and that has been hit. this has been pushing out to the rest of the globe. we are watching the talks taking place in washington and everybody is wondering what is going on, but we expect to deal and that is what we have been told. i wanted to ask you, compared to the global financial crisis, the collapse of lehman brothers, what is it like where you are? i don't think you can compare it in terms of the shock. we have not had the big shock that we had in 2009 but as we discussed earlier, one of the big concerns is because central banks do not have this ability to slash interest rates. the us possibly does. it hiked its reins —— rate nine times over the last few years but in europe we don't have that fuel in the tank and that is a big concern. how will the central banks deal with a downturn and they haven't really learned from last time around. there is the question. i don't know what to say after that. thank you so much. we shall see you a little later. lots more to chew

there is a three—way triangle going on, will the cost of the us china trade deal be china buying moret is i think in part behind the statements released behind the eu in china yesterday. it is interesting when we get to the point, the criticism sometimes of trump is that he‘s all talk and no action, lots of rhetoric and he gets what he wants just by talking about it. in this case, you can see a real financial impact. yes andi can see a real financial impact. yes and i think what will pan out from here, we will get some form of a resolution, it is clear he wants to run the us economy heart into the 2020 election, that is what he sees as his best calling card, this is the positioning ahead of that and some sort of resolution in china will help america. let's bring it back to brexit, it is obviously a big week. we have been talking about what further delays mean and what businesses think that financial services are key. you i believe had the euro 500 ceos last year, what we re the euro 500 ceos last year, what were they saying? again, a similar message, frustration around the process and

are we into the final laps of us china trade talks? been saying. he is travelling to beijing with his trade chief robert lighthizer. robin brant is following the story in shanghai. this is the 10th round of talks. talk us through what is ahead. this is the 10th round of talks. talk us through what is aheadm this is the 10th round of talks. talk us through what is ahead. it is double digits now that steven mnuchin is big very optimistic about the prospect of a deal being done not after this meeting but after the meeting that's due next week when his chinese counterpart goes to washington dc. i have to say, steve nugent has always been the one optimistic about the prospect of a deal. —— steve mnuchin. the man who has talked about the importance not of doing a deal but enforcing a deal is less optimistic. what we are hearing is the chinese are willing to give more ground on cloud computing, letting american companies coming here. robert lighthizer has been talking about progress in ip protection. there is also talk about how they enforce

movement is just the latest in a series of egregious human rights abuses by the government in china. usinghe criminal justice system, government in china. using the criminaljustice system, is an abuse of fundamental and international detected human rights. amnesty international point out that these convictions all stem solely from nonviolent direct action is and largely peaceful protest.

tell us more about how china is doing. the global economy too, simply because china is the second—largest world economy, and with all of the concerns over the us china trade war and brexit, asian markets are breathing a sigh of relief and rising as a result of this new data. essentially, it showed the chinese manufacturing sector register a surprise return to growth in march following government effo rts growth in march following government efforts to boost the economy. this was shown in a private survey which offers a gauge of the manufacturing and showed it rising to an eight—month high. it rose to 50.8 in march. we know that any reading above 50 indicates expansion and it echoes the official manufacturing figures that were published a day earlier, which also pointed to a jumping activity. we know beijing has taken jumping activity. we know beijing has ta ken lots jumping activity. we know beijing has taken lots of jumping activity. we know beijing has ta ken lots of steps to jumping activity. we know beijing has taken l

we seem to fall behind both us and china. we need to accelerate that, that is urgent for us.we need, as you also said, we need to re—skilland up we need, as you also said, we need to re—skill and up skill and train staff. it is going to touch everything and everybody. that goes for the whole society. you have laid out a pretty long list of things you wa nt to out a pretty long list of things you want to tackle and things you have identified, how do you prioritise this, there are some big challenges. there are some big challenges but we are basically talking about bringing more investments in both training people, in innovation, in production. these things we do, we don't ask for any help. this is not us don't ask for any help. this is not us asking for better conditions for business, this is our worry for europe's future. we are talking about the digital revolution, the transformation in energy, and also, fairand open trade. transformation in energy, and also, fair and open trade. there are six pledges. that is not so much in a complicated world. is this how you see the world

it is like china is using sharp power to influence policy. china is one of the biggest countries in the world... what do you mean by sharp power. elbows? they have centres around the world to try and influence different policies and different universities and they try to use money, the belt and road initiative is one example, to influence other countries policies. this is the sort of power we are talking about. of court, regarding the second question, the second largest economy in the world we do expect china to take up more responsibility in the world. not looking inward simply at domestic issues. victor, pushing chinese ideology through these conflict... the smile disappeared off his face. i notice that. whenever i the smile disappeared off his face. i notice that. wheneverl hear someone or a government afraid of the confucius institute, i cannot help but trouble. why? why should you be afraid of the chinese language institution that teaches the people how to study chinese? i think this reflect the sense of inferiority of that institution,

while you have seen us negotiators taking a lot of the lessons they used when it comes to renegotiating trade with chinaapanese dialogues that happened in the ‘80s and 90s, i think you will not see that pattern played out again in us— japan trade talks, simply because within the existing trade relationship between these two countries there is a lot of room for bilateral change without necessarily having to renegotiate a full new trade agreement. what will be the point of contention between the two countries during these negotiations? obviously the biggest item on japan's negotiations? obviously the biggest item onjapan‘s worry list negotiations? obviously the biggest item on japan's worry list and negotiations? obviously the biggest item onjapan‘s worry list and the biggest item on the us wishlist is automobiles. we have heard the us talk about automobile imports and also part imports, as well as the trading relationship between the us and foreign automobile manufacturers that either do production in the us oi’ that either do production in the us or ship to the us for us consumers to purchase. you menti

between russia, china, and us, we are all making 100 -- we are making hundreds of billions of dollars in nuclear weapons, which is ridiculous and i would say china will come along and russia will come along and it doesn't really make sense we are all doing it. we are the leader and we are always going to be the leader and we have to be the leader and it is much better and we did not meet these weapons so i think it is something there could be a phase two after this is done by china is spending a lot of money on the military and so are we and so is russia. those three countries can come together and stop spending and spend on things that maybe are more productive for long-term peace, i do not know. we have not discussed this much. military expenditure of you, russia, and us, a lot of money could be put into other things. >> i think that is a very good idea. reporter: are you committed to the summit happening? president trump: if we have a deal, there will be a summit. i look forward to seeing president she -- president xi. and if we have a deal, we will have a summit. if we do not have

china today. what happened in the trade talks between the us and china will have an effect on hong kong, either directlying, because it is certainly not in the interests of both china and the us to escalate any more of these so—called trade tensions. is this really about trade between the two, this rivalry, or do you think it's more a kind of geostrategic chessboard chess game that's going on? sure, i think with the rise of china, clearly, it probably got a little bit uncomfortable somewhat. so i think so. so i think china also has to be a bit smart about this too. while we continue to improve the livelihood of the people, we certainly do not want to give this impression to the friends and their neighbours that, you know, of any chinese aggression, because i certainly don't think that's the intention of the government. i think the chinese government has a bigger problem to deal with, it's their own people. how are you going to continue to improve the livelihoods of the 1.3 billion people? and the increasing expectation from the middle class in china. but unfortunately, you know, i think it may have got

the chinese don't want the us to get involved in what china feels is its sovereign territory and of courses wants to be able to monitor china in this trade agreement. in the past, we have had trade agreements and other kinds of ad hoc agreements and other kinds of ad hoc agreements and other kinds of ad hoc agreements and enforcement has been the big issue. another issue you mentioned is the tariffs, china wa nts mentioned is the tariffs, china wants the us to take the tariffs off with the agreement so those are two areas that are areas of contention, still. sir, at 9096 done but some suggestion that the remaining 10% really will be the hardest bit to get across the line. that is what the perception is. both leaders want an agreement. the us leadership wa nts to an agreement. the us leadership wants to make sure that the us stock market stays buoyant, and the chinese leadership is facing a slowing economy, although in the last quarter there seems to be signs of recovery, but both sides really need this, so they are working hard to come up with something, both sides, to be able to accept, i

well, i mean, there are warnings that hong kong does risk being hurt by deteriorating us—china relationse ask you, then, much has been made of the trade tensions between china and the united states, and that trade flows through hong kong. and there are concerns, particularly over the chinese telecoms giant huawei and its investments and involvement in sensitive parts of western economies. i mean, what's your view on that? do you think that is going to affect hong kong, or are you going to be protected from that? well, i think it would be foolish to say that we can completely ignore it, because oui’ economy is linked with china today. what happened in the trade talks between the us and china will have an effect on hong kong, either directly or more likely indirectly. so, yes, sure. but i just hope that they will manage to work out something, because it is certainly not in the interests of both china and the us to escalate any more of these so—called trade tensions. is this really about trade between the two, this rivalry, or do you think it's more a kind of geostrategic chessboard chess g

are we into the final laps of us china trade talks? many are asking that question. treasury secretary steven mnuchin has been saying as he travels to beijing with his trade chief robert lighthizer. robin brant is in shanghai... i know we've been here before but what is the mood music coming from the meeting? substantive talks get under tomorrow but steven mnuchin came to china in optimistic mood, talking about the final laps, talking about the final laps, talking about the final laps, talking about his hopes they could achieve a deal from this meeting and achieve a deal from this meeting and a meeting due in washington, dc next week when the chinese vice premier, the man in charge of negotiating with the chinese, returns to washington. i have to say the treasury secretary steven mnuchin is always the optimistic one, if we look to robert ley ties who's in charge of negotiating for the americans, he adopted a far more realistic position, i think, talking about much more, notjust agreeing a deal but how they enforce that deal, the mechanisms of enforcement, enforcement

the biggest sellers of automobiles in the world so what are folks falcon's plans for china this is what mr de said to us on in shanghai china really would be the motive power house of the future electric cars fully connected cars all the technology enterprises working very closely together here we are a very important part we have eighteen percent market share in the group fourteen alone. so we're strong pillar of the south the motive industry but is it a pillar of human rights let's bring in isa he's president of the world we go to congress he joins us now from paris mr issa very good to have you with us on the show what is your initial reaction to the comments from mr diesel. well it is a mystery this statement it's very shameful and in response a ball statement actually folks must know is a crime against humanity being commitment or cited the wall of the car plant to date more than two million possible to stream media. you know that we were people people and that suffering in twenty first century concentration camp is a wall unit a nation you need state your bum parliament passed ours an urgent resol

china's g.d.p. could triple to about one percent of g.d.p. the impact on the us is less than that but still negative in terms of the impact on the rest of developing asia they sell intermediate inputs to china and so they will also be impacted by these production lincoln just but there is a silver lining in that when when this trade conflict increases prices between the u.s. and china there could be trade redirection toward other countries enveloping asia that supply similar goods as china so beneficiaries include countries like vietnam and malaysia well let's talk about that silver lining just how much of a counter effect is it having in the region is the region already starting to work together closer which would be a positive thing wouldn't it yes so first of all we are still already starting to see increased income increases in this trade redirection or evidence of trade redirection but yes said the other thing they're doing policy wise is they are accelerating or putting in place steps to strengthen into a regional trade so things like our sept the southeast

i appreciate that russia and china is helping us. and china is helping us because i think they want to. they don't need nuclear weapons right next to their country. but i also think they're helping us because of the fact that we're in a trade deal, which, by the way, is going very well. reporter: will you let don mcgahn testify? pres. trump: what we're doing is executive -- so, what we are doing, in the history of our country, there has never been a president that's been more transparent than me or the trump administration. i let white house counsel mcgahn testify. i let everybody testify. excuse me. i think mcgahn was in there for 30 hours. who ever heard of such a thing? but i said i want everybody to testify. obviously, mcgahn thought he testified fine because he was with the administration for a long time after that. and i think he said he was just joining up with respect to the appointment of judges by the administration. but i let everybody testify. there has never, ever been transparency like this. so, just so you understand ,

including us— china trade talks resuming. nuchin and trade chief robert lighthizer head to beijing on tuesday as the world's two largest economies continue tussle over trade. president trump postponed a planned increase in tariffs set for march 1. let's go to our asia business hub where shara njit leyl is following the story. it's nice to see you again. back in singapore. what do you think of the expectations now? that's right, it's something like the 10th round of trade negotiations, would you believe it? trying to avoid a full—blown trade war. we no significant issues are still unresolved, which is why, of course, they keep on reading. both sides we know are eager to reach an agreement, but the possibility of course remains that president donald trump would potentially walk away from the negotiating table with china if he isn't satisfied with how talks are progressing. in fact, steven mnuchin, leading that negotiation, he reportedly said the talks are nearing a point where they would either produce a dealer and with no agree

good to have you with us china's car market needs a jump start sales fell and twenty eighteen the first time in decades which has left many car makers scratching their heads the same time leadership in beijing is pushing hard to make china a model case for immobility for big brands that means they need to poor big money into fresh markets and industry giants like falsifying it is a billion dollar bets one that has to work if you don't use thomas my felt reports from the shanghai motor show. the id rooms might still be a show car but the electric s.u.v. will be built and sold in china starting next year later the usa and europe will follow china is to become the focus groups leading market for electric mobility millions of cars will roll off assembly lines here. china real be the motive power house of the future electric cars fully connected cars all their technology enterprises working very closely together here we are a very important part we have eighteen percent market share in the group of fourteen alone. so we are strong pillar of the cell to motif industry the wolfsburg company on

is not particularly well received at this point because there has been this china sentiment rising globally not just from the us to europe but also from the receiving countries of the p.r.i. project so to get china needs all the support you can get from from the rest of the world and iran is one of the most important ally they could get but does this affect the u.s. china relationship or could it affect the u.s. china relationship will the the china simply choose its own political strategic needs over the u.s. as demands. certainly iran is one important ship but it's not the most important factor in the us china relationship at this point as we can all see that in the past few weeks the sentiment between the two country has improved because finally it looks as if a trade deal is finally on the table although i might be limited in nature to something will come out and what i think is possibly the u.s. will use iran as a bargaining chip and might offer china some sort of exception over the oil embargo under certain conditions and china i return to offer two important more crude oil and say soybean or even pork fr

today you can read about the latest progress in the us china trade deal. ng it up, please? thank you. our gorgeous, lovely director in our ears. the us treasury secretary saying the us and china have largely agreed on a mechanism to enforce a potential trade deal between the world ‘s two largest economies. that is big news because this trade dispute between them has been rumbling on and on. if you want to hear more about that go to the website. your're watching business live — our top story — the uk and eu have agreed a so—called flexible extension until halloween. i cannot wait. october the 31st, trick or treat? donald tusk sent a stark message for britain please do not waste time. you said it a lot better earlier. i gave it some welly. do not waste time. anyway, let's move on. quickly. let's talk luxury. now, for many established brands, keeping up to date with the changing face of fashion can be a challenging task. however some firms manage to evolve with the times. the menswear clothing market has been rapidly expanding in recent years. last year it out

a crackdown on all sentinel like substances from may first on the move follows requests from the us. china is suspected as being the main source of a powerful painkiller fifty times stronger than heroin just caused a record overdose over those deaths in the. us. well for more on this let's bring in our financial correspondent scored in new york why do people do this crackdown on sentinel as so important in the overall trade negotiations well they are not really two opinions that don't know what it's called to actually made the drug crisis crisis here in the united states are worse as you already mentioned in twenty seventeen that was a record number over seventy two to seventy two thousand u.s. citizens died of drug overdose just to put that into perspective thirds more deaths than american soldiers died during the vietnam war and also in twenty eight thousand more than seventy thousand americans died of a drug overdose so it is a huge problem and fenton aisle is one part of the problem and therefore it's at least a step in the right direction that. the trade of both. will actually not hap

anti satellite missile to take down one of its own satellites demonstrating the cuff ability and use china russia the united states previously as just. two former employees of british bank barclays have been sentenced to jail a jury in london and victim of conspiring to rig the global interest rate benchmark euro ball over a five year period the two were given five years and four years apiece it is the sixth was a fusion already bought by the u.k. syria's foreign office after and the a seven year criminal investigation is the second retrial after a hung jury on the line of the complicated nature of financial four years. of the world's largest industrial trade opens its doors today in hanover germany german chancellor angela merkel and swedish prime minister left open to show sweden is this year's party to european nations want to improve economic and technological corporations and overseas set to showcase innovations in the fields of engineering as well as artificial intelligence and the super fast five g. mobile. well at the heart of a famine machine getting increasingly closely connected

china sells far more into the us than the us itself to china and president trump wants this to changething, the trade war has made things worse. the deficitjumped11% toa things worse. the deficitjumped11% to a record $419 billion. the us is also concerned that china may agree toa also concerned that china may agree to a deal but will not stick to it. the us trade representative said to congress that any agreement must be enforcea ble. congress that any agreement must be enforceable. all this means that china has made some concessions. it has already changed some laws to provide more protection to foreign firms. foreign firms currently have to form a joint venture with local firms and that means sharing technology and commercial secrets. according to bloomberg there were plans for 100% foreign owned countries to be allowed to operate in the country from 2025. we have agreed to far more than we have left to agree to. in fact i would say, i think i can say, that some of the toughest things have been agreed to. we have some things that are easier right now that we are doing but it isa rig

and the us we are automatically sharing intelligence, this is a big deal because we have got the us — chinahich are going on, that's got a lot to deal with the use of technology firms and use of technology information and intelligence. so, you know, it's a hot topic right now. it is a hot topic and we will keep an eye on whether the us will follow through on those threats and what the relationship with huawei may be in the future, because that is not clear right now. we had a report earlier in the programme how in norway they found their beluga whales with a strap around its neck and it looks like you could have a go pro on there, et cetera. it seemed to be a russian spy whale. you couldn't make this up! it's like something out of austin powers! the thing that i find really interesting about this is that they have denied it, there are pouring cold water on it, there are pouring cold water on it, but they say we do use dolphins... so, you know, dolphins — they are intelligent creatures, they can be trained in the same way that dogs can be trained and they say that they are quite open about u

are you more concerned right now about trade tensions between the us and china or the prospect of trade tensions between the us and europe? we are concerned about whether there will bea concerned about whether there will be a durable solution to the trade tensions between us and china, and that it might spill over to other countries and sectors, which could be damaging for global supply chains. when a lesson to you talk to your talk, a lot of the prescriptions or advice you have been given to governments around the world it seems like policymakers have to thread the needle carefully. —— when i listen to you talk. to avoid any further abscess to the global economy. how close are we to the potential for a recession for example ? the potential for a recession for example? this is a delicate moment for the global economy. and while we expect a recovery, that recovery will come about through a recovery in an emerging markets. like argentina and turkey, stressed economies, that recovery to happen, it isa economies, that recovery to happen, it is a part of the global environment stay stable an

that's where china's going to want to engage. and with us, we have seen repeated requests in certain areas. so how we engage china is another area where i think we can benefit from exchanging information, comparing notes. i think number three, thinking about how we can, over time, develop operational approaches in the region and i would put that into several sort of subcategories. in some instances, it might be actual operating. we have challenges in the south china sea to ensure that china's militarization of the south china sea doesn't result in the erosion of international water there, and that the dream of operationalizing and making meaningful the nine dash line is realized, that no country can change international law and claim it as their own. we see more and more european countries willing to operate alongside us in joint patrols and presence operations, if not ultimately freedom of navigation operations, so that's sort of one subcategory in that area of operational cooperation. ... >> so the capacity building area is another area. y

the week began with news of a ninety day truce in the tip that tapped us china trade all the world's largest supply of liquefied natural gas is leaving the biggest oil cartel we bring you the stories that are shaping the economic world we live in counting the cost on al-jazeera. in april twenty eighth protests against pension reform plans in the correct europe grew into a widespread under government group the country some to mr regime under president dunoon will take a crack down over the following year hundreds were killed thousands more were exiled detained independent media were suppressed as negotiations to resolve the crisis finally got underway we went to investigate. two thousand and nineteen. forty years after an insurgency overthrew a us supported dictatorship sending nice to supporters gathered to pay homage to the man at the home their socialist revolution was named. to sunday know who was betrayed and killed in one thousand thirty feet up to defeating a us invasion. but in one nine hundred seventy nine the movement piece by it fought and won a civil war and current presid

especially with china, he would china haveth to see some new weapon they could use against us. i would probably be scriptable -- skeptical of any idea of a deal that gives china more power of the united states in any way. ana: i think that is a good point. we don't really know because we have not seen the text of this deal. there have not been brought consultations with industries. they are obviously very smart and well versed in china. sidere there potential effects for american industry that they have not thought through? potentially, we will see that when the deal is release. i think james makes a very good afterthat what happens the text of the deal comes out. because we don't know what is in the deal. this deal has managed to be all things to all people. until the details are revealed. it seems kind of logical that once we know the tax, there will be a more opposition to it. there's the potential for congressional opposition. chuck schumer and marco rubio have been very tough on the president on china. or some fears from the business community or wall street. balancing all

use. and the biggest legal fence on produce and china has actually welcomed the cunt down but insists it has nothing to do with the drugs that end up in the us in fact it's been a minute on illegal produces in the meantime via spencer epidemic has prompted police to carry a lifesaving antidote just in case there are many thanks bryce pato is an associate policy research at the rand corporation he joins us now by from washington d.c. so. china then will designate fence until a controlled substance from may. effect of will that be in addressing the opioid cross crisis well it won't be as effective as i think we think it will be what china is proposing to do is essentially a generic control on all fentanyl related structures this may have the effect of essentially blanket banning all fentanyl like substances the many new analogues that we're seeing in seizures here in the united states that said a good portion of what we are seeing is still funded all itself and fentanyl has been controlled in china for some years so it's really a question of how good they're going to enforce the regulations th

country when it comes to export but they're a developing nation according to china so where does that where does that bring us basically that's the status of special and differential treatment that china has what that means it enables china basically to provide subsidies in agriculture and set higher barriers to market entry which we know of and that's what a lot of people are complaining about especially the u.s. when it comes to getting into the chinese market when it comes to technology when it comes to all these other things we know that the way that china works up to now a lot of people complain about that is that if you bring in technology to try to what they want to piece of that to something also that the u.s. and china are discussing between themselves but as it stands right now with the w t o china saying you know what we've got some people on board with us and that includes india also a developing nation happens to be the world's biggest economy countries like venezuela so they want to fight this fight the u.s. is saying come on let's be fair here surprisingly china to a certain degree is ok we got