and that included completely changing the us china trade dynamic. 's the largest deficit of any country in the history of our world. president trump says the united states buys more from china than china buys from the united states. in fact, almost five times more. and he says that's unfair. it's why he decided to slap tariffs on $250 billion worth of chinese goods. china's president xi mark head back with tariffs on american goods, targeting agricultural goods like soybeans, a clever move, many of those farmers a big supporters of president trump. more tweets followed. and both sides locked in for a tit for tat battle. until a truce. well, kind of. both men agreed to put the trade war on hold, while the two sides sorted out their stick issues. one, the united states wa nts their stick issues. one, the united states wants china to buy more of its staff. two, it wants american companies to have more access to the chinese market. and, three, it wants american intellectual property to be protected, which means no more tech tra nsfers, protected, which m

paid for mostly by china, by the way, not by us. e try and steer it in a different direction. really, it's paid, ultimately, it's paid for by, largely, by china. robin brant is in shanghai for us. i have one question for you, what do you think will happen now? we know two things, we know the talks will continue on friday. there was more pessimistic belief that the whole thing could collapse. we also know that despite protestations from the man leading the chinese delegations, liu he, saying tariffs are unfavourable for both nations, that both nations are going to impose further tariffs. the americans, as you alluded to their in some detail, have an increase from 10—25% on $200 billion worth of trade leaving this country. china said it will retaliate. in a brief statement released by the industry of commerce, they said china deeply regrets it will have to take unnecessary or rather take necessary countermeasures. they didn't give any details on what those countermeasures will be. in terms of will it be tariffs, there are two things to

i hope china in the united states can go back to the times fairly and reach an agreement that if the trade talks blow up it will be difficult for us to do business in the future it affects the whole world not just our market or china it affects everywhere. it's the says you know how to the outrage. he's closing up for the day maybe things will look better tomorrow but china's exports to the u.s. shrunk by thirteen percent in april much worse than expected now as we've been saying the prospect of escalating trade tensions a way to heavily on markets today so let's bring in our financial correspondent yes cortef for more oh yes that's good to see you now trump hasn't ruled out achieving a deal this week has not provided any relief at all where you are. well a tiny little bit because at some point during the trading session blue chips lost almost four hundred fifty points in value of there but then by the end of the day the loss was only about one hundred and forty points of us president donald trump was talking about a beautiful letter that he received from his chinese counterpart there maybe there is still some hope but overall the

let's start with the trade war between the us and china, which continues to escalate despite the two sides holding talks late last week in washington. the us on friday hiked the tariff rate on $200 billion of chinese imports, meaning a total of $250 billion of chinese goods are now subject to 25% import duties. but the tariffs won't apply to goods already in transit as the 0401gmt deadline passed on friday. as most us—china trade is shipped across the pacific, that gives the two sides a crucial grace period of up to four weeks to negotiate a settlement. the us has already signalled plans to place additional tariffs on the remaining $325 billion of chinese imports. accepted it was us businesses that would the additional import tax. he also warned that ‘both sides would suffer‘. kudlow added there was a strong possibility could meetwith chinese leader xi jinping at the g20 summit injapan next month, to potentially rescue a trade deal.but it's kudlow‘s comments in a interview with fox news, where he said ‘both sides will suffer‘ which has caught the markets attention. fair, enough, infac

robin brant now joins us from shanghai. so chinaaliate and now the us is threatening, president trump is threatening even more action from the us. china's retaliation appears to have been proportionate. i think thatis to have been proportionate. i think that is important. it has confirmed there will be a range of tariffs from 5— 25% on around 5000 items. this list was set up when the us first threatened to increase tariffs from ten reaching 25%. it appears to be proportionate, that are significant. it does not mean that there will not be other nontariff issues, firms here may face challenges that they otherwise would not have faced if this trade war was not have faced if this trade war was not escalating. we willjust have to see what happens. this has been coupled with a strident tone overnight from china's state—controlled tv network. its main news bulletin last night at seven o'clock, we had a 92nd to camera editorialfrom seven o'clock, we had a 92nd to camera editorial from the seven o'clock, we had a 92nd to camera editorialfrom

talks in the us and china despite the threat. o the us president. and china despite the threat. the response to the us presidentm and china despite the threat. the response to the us president. it is a knee—jerk reaction. to be fair, up until now things have been remarkably quiet in terms of the us — china trade. we then have this tweet which has introduced a lot of short—term volatility. we feel very strongly that the us and china are highly motivated to get a deal done. so these are just veiled threats to expedite the negotiation process?” think so and i think that is basically the roadmap we have seen from the us when it comes to negotiations with canada, mexico and also europe and the japanese. this tends to be the process. a bit of threat, a bit of reward but ultimately a deal is done. when this deal is done, what will it mean for asia equity markets? we begin to see the whole region contagion coming from a chain disruption. it is impacting vietnam, taiwan, korea and so on. impacting vietnam, taiwan, korea and so on. this dea

with us isjinny yan, chief china economist at icbc standard bank. o that and you were nodding. give us your take on where we are apt in this stalemate. some say any trust has now been eroded between the two sides. it is a clear case of leaders flexing muscles but i think it is right to think both sides will suffer greatly, particularly us consumers and this is why it is important to think about the inflation effect on consumers. things will become more expensive. 0n the china side, china policy makers can roll out stimulus policies to try to boost the economy but, at the same time, that will set back some of the structural reforms it is undergoing. china has yet to retaliate to friday's increase in tariffs. what might it do? i think this tit—for—tat which has happened previously has not done anything great for both economics and politics. i think what china will continue to do is try to stabilise the economy at home and this is the critical thing. as long as the economic growth can be ensured to grow at roughly 6% this year, i think from a social sta

the us plans to deliver the message in person during his visit in london next week. chinaut to ratchet up the trade war with the us from saturday. beijing will be raising tariffs on roughly $60 billion worth of imports from america. the movers in retaliation from washington's increase levies on $200 billion of chinese goods earlier this month. that is after the world's two biggest economies failed to reach a trade deal. for more, she is currently on trade watch, my colleague monica miller. monica, which products are on this list? it is massive. it if 5100 items. some of the taxes are as much as 25%. let's take a look at some of what we are talking about. granite, microwaves, printers, paper, beef, you name it, it is on that list. some chinese customers who have gotten a taste for wine, they may be in trouble. the wine industry out of the wine institute in california has reported that a bottle has gone up almost twice as much since this trade war began 1a months ago. right 110w trade war began 1a months ago. right now as of midnight when these kick into gear, that will be u

trump, saying he will raise tariffs on $200 billion worth of chinese goods, because talks on a us — chinaare moving too slowly, according to him. the us president has tweeted that tariffs of 10% on certain goods would rise to 25% on friday and 300 $300 billion of untaxed goods could face a 25% duties shortly. you can see those tweets there. the wall street journal has reported that beijing is considering cancelling meetings planned for this week. i asked a correspondent whether the us president's tweets are just a part of his negotiating stance. it is the negotiating tactic. he has done it every time ahead of the last few meetings. look, the market is expected to be weaker, clearly, signalling to the volatility during this week. but it is a negotiating tactic. he wanted this deal as much as china. it will be good for business once any negotiation has reached a conclusion. and how much ofan impact reached a conclusion. and how much of an impact with this have on both economies if these tariffs do indeed get put in place on friday, and the rest of us? look, it will be enormous. we have alre

china that's been blamed. now, the trade war between the us and china has also exposed japanese exports, particularly of cars torump's ire, ahead of us—japan trade negotiations this week. and of course, there's a summit this weekend as well between the two leaders, president trump and shinzo abe. and certainly, not helping will be data revealing that japan's trade surplus with the us actually rose nearly 18% in april from a year earlier, to $6.5 billion. and this will putjapan in a really tough negotiating position, as trump's government tries to rehash trade agreements to try to lower the us trade deficit and address what it considers to be unfair trade practices. we also had that reuters survey that you mention which is not the official figures, but you mention which is not the officialfigures, but all you mention which is not the official figures, but all of that pointing to worries ahead. thanks. let's take you through the stock markets. asian stocks really struggling to find some sort of direction this wednesday, investors still worried about trade tensions between the us and china. in the us, we await the

us side. they managed to negotiate a deal which keeps them in the holding position. chinatially that it could reach a deal in terms of transactions, buying more air planes, by more soybeans from the united states. it is giving ground on some changes that the us was to see, protecting international prop —— intellectual property. more automotive, more in the financial sector. it does not want to shift on those big state subsidies. it wants to ta ke those big state subsidies. it wants to take some of the ski state and subsidies. that is where the us want to see significant change, as michelle alluded to them. the question is, is china willing? we just don't know. robin brant and michelle fleury. earlier, the former us ambassador to singapore, who used to have the international trade administration, gave us his view of the negotiation so far. actually, thinking a big picture, reasonably well. but there can frequently be a bit of gamesmanship in the final moments. it is not unusualfor china to degrade us of a bit, a bit in the expectation that the other side, in this case the u

china rebuilt their country because of us. t more on china's strategy in these trades talks i spoke to vincent ni from bbc chinese. well, there is tactic but also the bottom line. the tactic, as you showed, china apparently misunderstood donald trump's intention, they thought donald trump is more than willing to reach a deal with the chinese. but there is also the bottom line, which is that if america wants put everything they want into chinese law, that is to some chinese an infringement to china's sovereignty. so this is absolutely a no go area for the chinese. but we see donald trump think it is an area they can go to. so when you look at the respective positions of the americans and the chinese, one very capitalist economy, one economy dominated by the state, is it possible to sync these two things? this is the $1 billion question, ros. to some, intellectual property protection, i think this is also in china's interest to enforce kind of strict rule, because chinese companies will benefit as well. but to issues like monetar

us. in a new twist to the u.s. china trade dispute china has called the u.s. an economic terrorist and signals it could stop exporting rare earth metals to the u.s. and that matters because rare earths are used in a wide range of consumer products from i phones to electric car motors as well as military jet engines satellites and lasers now rare earth are a group of 17 elements here are a few of them syrian for one is used in catalytic converters and cars bastien site is used in nuclear industry damion is used to make magnets and lanthanum is used in camera lenses and so forth now china supplies nearly 3 quarters of all the world's rare earth 120000 tons that is other big producers include australia with 20000 tonnes and the us used to be a major producers but now turns out just 15000 tonnes so are rare earth supplies going to be v bargaining chip in the us china trade war our correspondent andrea hang joins us now in singapore and in cyprus we welcome jameel global head of currency strategy and market research at f.x. t.m. good to have you both on the show and

arrest warrant in december all washington's allies are caught in the middle of the us china trade war where once they followed us loyally now they are less happy to take america's side canada feel shortchanged by donald trump and wants more u.s. support to settle the mung affair with china britain keen to build relations with the us for a post breakfast world the struggling national security advisor mark sedwill met china's state councilor yang jet she in beijing the u.k. is likely to award a non core five g. contracts we apply our new zealand prime minister just in the arjun is making upbeat pro china comments to boost trade and wellington may rollback a decision to stop huawei taking part in its five g. network germany has overruled its intelligence service and says it is happy for huawei to supply gear. increasingly frustrated secretary of state might pump a zero travel to london to repeat the us message that it considers weiwei an espionage threat. as a matter of chinese law the chinese government can rightfully demand access to data flowing through the way and c.d.'s sys

one country in asia is benefiting from the trade war between the us and china, and that is vietnam. showed us imports from vietnam jumped by more than 40% in the first three months of the year. and it is part of a wider pattern, as businesses move some of theirfactories wider pattern, as businesses move some of their factories outside of the mainland. earlier i spoke with a representative from the london school of economics and he explained how it is affecting global trade. festival, it is cold war, not trade war, this is a strategic rivalry which has taken multiple dimensions. these are two powers which are intertwined economically —— first of all. it is true that some supply chains have been shifting out, and it is not just chains have been shifting out, and it is notjust vietnam, it is south korea and mexico that have seen some of that displacement. for multinational supply chains in multiple countries, it doesn't mean uprooting in china, but having an extra factory in vietnam and bangladesh, so that adds to costs and adjustment and pain for a lot of those. if this ongoing, as you

there is a trade friction taking place between the us and china and thatis place between the us and chinat is one of the reasons why japanese corporate are more likely to withhold spending. especially considering that excessively conservative nature. you mention the china— us trade war, rather surprising these figures do not show any impact that it is inevitable that, at some point, japan will be affect. how so? not only from a direct political point of view but from a geopolitical point of view, we are fairly close geographically speaking with china and tension would cause conservativism, especially on the trade site and that would be negative for countries like japan. we have also been talking about the sales tax hikes and there is no change planned. we know in the past this has had a devastating impact onjapan‘s economy. i think this is a very important point. let's not forget that last time when we raised that, nobody, including myself, would expect this fragility in the consumption behaviour so i can see the government becoming touchy about this but let's not forget our debt of gdp i

meanwhile, china's trade surplus with the us widened tojust over china's trade surplus with the us widenedn china's trade surplus with the us widened tojust over $21 billion in april. that is unlikely to make president trump happy, as he escalates those tensions in trade talks. he is now giving china until friday to raise tariffs on $200 billion worth of chinese goods to 2596 billion worth of chinese goods to 25% from 10%. while also threatening new levies. we have been reporting about these high—level us trade talks and negotiators will be meeting in washington again over the next two days, to try to resolve their trade issues. everybody will be watching now now so closely. for asia itself, we are looking at that economy there, but for other economies around china and southeast asia, it's so critical that this situation gets results, isn't it? absolutely. lots of the country here, particularly within the southeast asian region all rely on china, it is the biggest trading partner for many countries in asia. whatever happens in china to china sta rts whatever happens in china to china start

we'll find out what the markets make of the bubbling us—china trade tensions.s tomorrow, forget about pork barrel politics, on election day it's all about pork sausages. eating a so—called democracy sausage after casting your vote is an australian tradition. there's even a website dedicated to helping australians find the best polling booths for their snack. and now the craze has gone global. events are being held across asia, europe and the us, so australian expats can still fill up on their ballot box bangers. i would rather have a chocolate bar myself i think! that's all for now. stay with bbc world news. hello. after what has been a largely dry and pretty one week for many of us, things are about to change as we head through friday and into the weekend, turning a little bit more u nsettled. weekend, turning a little bit more unsettled. this is how we ended thursday, a beautiful, serene sunset in topsham in devon. during friday there's going to be more cloud across the country and that cloud will bring with it a few spots showery rain. still some spells of s

sit down, but he blames washington for frequently changing its mind on tentative deals to end this us—chinas less than 2a hours after the us lifted restrictions on wireway in order not to disrupt any of their customers and services they are getting —— huawei. hopefully we're going to look ahead to robert lighthizer‘s visit in paris later today. we will be watching closely for that. we heard he is due to meet with japan pass economic minister in the run—up to president donald trump pass visit to president donald trump pass visit to tokyo this weekend, so what does japan hope to get out of of this? they're facing restrictions when it comes to agriculture and particularly auto. toyota's executive normally stays out of politics but this week he raised concerns about president donald trump pass increase in these tariffs, and he basically feels toyota doesn't feel welcome in doing business with the us —— trump's. japan's exports fell 2.4% in april so japan's exports fell 2.4% in april so there feeling the pinch —— they are feeling the pinch of this trade war. plans to upgrade indonesia's infrastr

is intensifying and shaking markets around the world -- marks after hiking terrace against china last friday us president donald trump war in beijing not to retaliate. on monday it went ahead and did just that casting aside the prpresident's tweet china is preparing to high tariffs on sixty billion dollars worth of us imports. setting you fees that range from five all the way up 225%. the chinese ministry of finance said the new terrace will take effect on june first. calling them a response to us unilateralism and protectionism. donald trump fired back on monday criticizing china's move and also vowing to provide fifteen billion dollars in aid for farmerss affected by the dispute. been t taken advantage of on all of our trade deals practically - this is a a very posititive stei love the position we're in. there can be some retaliation but it can't be. very very substantial by comparison and out of the billions of dollars that would take it in. a small portion of that will be going to our farmers. because china will be retaliating probably to a certain e extent against our fafarmers. now market

, and that is a big dealfor the us in terms of mentioned china, and that is a big s in terms of the trade war but also japan is very worried about china and its rise and thatis worried about china and its rise and that is another reason why the talks are so that is another reason why the talks are so important. i think there is a huge geopolitical and geo— economic issue here because china has its belt and wrote initiative where it is investing billions worldwide and in that region. japan has taken a fence sitting approach and is somewhat four, somewhat against the idea. trump is against it. we have all of the problems with qua weight. there is so much turmoil in the region that i think this will be to steady nerve gas with huawei. it will also be to reinforce japan as an ally. worried how are japanese ministers about some of the rhetoric from trump about japan ministers about some of the rhetoric from trump aboutjapan and trade and also the fact that there will need to bea also the fact that there will need to be a new trade agreement? interesting you mention it, i

we start of the australian ——us china trade wall. k markets have taken their cue from the us, sliding again after donald trump's unexpected threat to impose new tariffs on china. the us president vowed to more than double ta riffs president vowed to more than double tariffs on 200 billion dollars us worth of chinese goods this friday amid claims that beijing is trying to backtrack on a deal. in the us, the dowjones to backtrack on a deal. in the us, the dow jones industrial average to backtrack on a deal. in the us, the dowjones industrial average had its worst day since january third, while the other main indices also fell sharply. samira hussain has the latest from new york. the last two days have been really rocky on us financial markets. on tuesday, the dow jones rocky on us financial markets. on tuesday, the dowjones closed at its lowest level since the end of march. and it is a real sign that investors are worried about the prospects of a deal between the united states and china. a trade delegation, including china's vice presid

some people say now what china is accusing the us of doing is what china has long done.is actions? —— trump. in just now by trump and his actions? —— trump. injust a now by trump and his actions? —— trump. in just a few hours' time, we will be finding out which party will ta ke will be finding out which party will take over india's parliament. the votes are being electronically counted after a five—week collection. in india, problems of an economic slowdown and high unemployment rates. monica, what are some of these key economic challenges? well, the world's largest democratic exercise has millions of new voters between the ages of 18 and 19. jobs as their priority. the government will have to employ1 priority. the government will have to employ 1 million priority. the government will have to employ1 million people each month. india is experiencing an unemployment rate the highest it has beenin unemployment rate the highest it has been in 45 years, 6.5%, the current government denies the statistics. moving to agriculture, it is the largest employer in india. its workforc

monday as investors sought to shrug off a difficult week dominated by anxiety over the fractious us—chinarade war. more on the markets shortly. so... the big centre—right and centre—left blocs in the european parliament have lost their combined majority in the parliament amid an increase in support for liberals, greens and nationalists. the centre—right european people's party remains the largest bloc, and is expected to form a pro—eu coalition. the liberals and greens had a good night, while nationalists were set for victory in italy and france. in britain, the newly—formed brexit party won nearly a third of the vote, with the governing conservatives beaten into fifth place. labour also suffered heavy losses. turnout across europe was the highest for 20 years. so what are the ramifications for businesses across the block? let's get more on this story. ben butters, policy adviser at eurochambres joins me now from brussels. good morning to you, ben. what is your assessment from the fallout for business? we are optimistic. the first point to make is turnout has been very high. this is was n

us. more updates. goodbye for now. this is bbc news. the top stories this hour: there's been a sharp fall on global markets after china hits back in the tradesident trump says things are working out very well. the philippines‘ controversial president could be set to consolidate his hardline rule as votes are counted in midterm elections. an investigation into rape allegations against the wikileaks founderjulian assange is being reopened by the authorities in sweden. he has always denied the allegations and sought refuge in the ecuadorean embassy in london for 7 years to avoid extradition. mr assange, who was jailed last month for breaching his bail conditions , also faces extradition to the united states for his alleged role in unlawfully releasing classified military material. caroline hawley reports. it was this dramatic moment that paved the way for today's decision. julian assange evicted by the ecuadorians last month. his political asylum stripped from him, under arrest for skipping bail. and now, from sweden, there's to be a new european arrest warrant. translation: after reviewing the preliminary investigation in its current state, m

the headlines: us—china trade talks are under way in washington. ficials try to find a deal even as new us tariffs are due to kick in in five hours‘ time. the us seizes a north korean ship alleging violation of international sanctions — just hours after north korea launches two short range missiles. hello. i'm ben bland in london. also in the programme: brunei under a microscope. the un will be examining the country's human rights record. singapore's parliament passes a controversial anti fake news law, giving authorities sweeping powers — but critics warn it threatens freedom of speech. live from our studios in singapore and london, this is bbc world news — it's newsday. good morning and welcome to newsday. it's 7am in singapore, midnight in london and 7pm in washington, dc, where trade talks are under way between chinese and american negotiators. they are taking place after a week of threat and counter threat to introduce new tariffs on one another‘s products. the us is planning to introduce new import charges on chinese products in five hours‘ ti

disconnect between the us position and chinese position. and to put it very simply, china wants to see both the stability and continuation of the regime while denuclearization is going on. call it parallel action, call it dual track, but clearly they want that. for us, for the us, it has always been important before we think about issues like peace, globalization, whatever, that there be denuclearization. and so i think that is a fungal distance fundamental disconnect. as ambassador why mention, i do think what president donald j. trump has done is very important in trying to at least align a position between beijing and us in the sense that we are approaching, us is now approaching both of the issue of security and peace on the korean peninsula, at the same time as denuclearization i think where we do differ fundamentally with the chinese is the timeline. nobody in china believes that this can be done quickly. nobody in china believes that this can be done without some kind of compromise. and nobody believes that north korea will completely denuclearize before we begin th

china. britain keen to build relations with the us for a post breakfast world is struggling national security advisor mark sedwill met china's state councilor yang jet she in beijing the u.k. is likely to award a non-chord five g. contracts we apply our new zealand prime minister just send arjun is making upbeat pro china comments to boost trade and wellington may rollback a decision to stop taking part in its five g. network germany has overruled its intelligence service and says it is happy for huawei to supply gear increasingly frustrated secretary of state mike pump travel to london to repeat the us message that it considers weiwei an espionage press. as a matter of chinese law the chinese government can rightfully demand access to data flowing through that way and c.d.'s systems why would anyone grant such power to regime that has already questioned the valid cyberspace it's official security the united states will share certain information with trusted networks this is exactly what china wants they want to defy western alliances through bits and bytes not bullets and bombs. huawei says

it had looked like the talks might help resolve the longstanding us—china trade war, until the trump ration accused china of backtracking on commitments. as a result the dowjones stock market closed 473 points lower on monday, the second—worst trading day in the us this year. earlier, i wasjoined by christine mcdaniel, senior research fellow at the mercatus center, who has also served as a trade economist and advisor in the us trade department, including under the bush administration. she gave me her thoughts on the escalation of these trade tensions. i think that market volatility is, in many ways, just going to be our new normal. you have to remember that it used to be when these trade negotiations were happening, that it was not a 24/7 news cycle. we didn't have a president that tweeted, you know, around—the—clock. so there is often a loss of back and forth and ups and downs in the background that the public just ups and downs in the background that the publicjust usually doesn't know about. this just makes the publicjust usually doesn't know about. thisjust makes it the publicjust

have almost waited almost too long, so the only thing that is really going to help us is if he makes a deal and chinad they guarantee to buy x amount of bushels. and us consumers, who are now going to find a range of imports costing way more in the shops. and if this carries on, it will be the global economy that will suffer. ana swanson writes about trade and international economics for the new york times. here's her take on how these talks are going. it has really been quite a dramatic reversal, momentum has really been building towards what felt like would be a trade deal between the us and china. observers said it would certainly not address all of the points the trump administration and the business community have raised about china's economic concerns, but it would at least reassure markets and some businesses that are more stable relationship would continue. but over the last week and a half, the chinese apparently had made some dramatic revisions to the text, according to the american negotiators, and the trump administration felt that just wasn't a good way to proceed. and it seems like for

while way turns to the american court system to fend off attacks from washington and those the us china trade standoff escalates beijing his that choking off i'd already earth exports to the us. also on the show their boss celebrates his 50th birthday in true middle age fashion contemplating past successes and failures. and spinning an old tradition into a new revenue stream how can you farmers are swapping high risk crops for. so production. welcome to the end of your business i'm stephen beard symbol and it's good to have you with us while we officials complain the u.s. president donald trump is applying the full weight of the american state to kill their business the spite that the chinese telecoms giant is now appealing to u.s. courts to find in the firm's favor arguing a u.s. ban on his hardware is unconstitutional meanwhile the trade dispute between the 2 nations continues to simmer with beijing now threatening to restrict key mineral exports to the u.s. . for huawei the case is clear politicians in the u.s. are use in their stance of an entire nation will come after a private com

china may have tested its nuclear option in the trade war, we are talking about government bonds, it sold $20 billion worth of usts $1.2 trillion in us treasuries, it could raise borrowing costs in america, weakened the dollar and plunge global markets into chaos. bloomberg has the story that we were just talking about, some proposed new ta riffs talking about, some proposed new tariffs on nations with undervalued currencies. 0n the wall street journal, the latest tariffs will cost something like $831 per household. this is an estimate by the new york federal reserve which ta kes the new york federal reserve which takes into the new york federal reserve which ta kes into accou nt the new york federal reserve which takes into account the higher prices paid by importers and consumers over in the united states. to get in touch with me, i am on twitter and this is the hashtag if you are following us on twitter. we will see you shortly to take you through some of this paper is stories. —— of this papers' stories. —— of the papers' stories. a massive increase in cases of mumps has raised fresh concerns about the take—

china in terms of sheer trade volume and china of course cannot. match each of the us a higher tariff against chinese. goods hiver china is china is a huge market for us for united states not only in terms of goods but also goods and export of technology so also china has a growing market for us that is huge. leverage and saw a lot of the u.s. business actually very much are concerned with a looming to resume trade war a major trade war between the two sides certainly china doesn't want to see that but however china will not allow the united states to dictate its economic policy however here every day for example is opening a wider how will this terrified by the u.s. and the threats of countermeasures by china impact negotiations going on does this mean now that a potential for a deal between the two countries has gone down significantly. well no challenge doesn't want to see higher tariffs imposed by either side on the other side and because they trade or sell liver oil. harm both sides but china is still serious about a negotiated settlement of the disputes between t

the headlines: us—china relations at a new low, as washington blocks the tech giant huawei from americanarkets. the sanctions come into effect immediately. an historic first for asia. taiwan is set to formally legalise same—sex marriages. i'm samantha simmonds in london. also in the programme: tributes for the former australian prime minister bob hawke, who has died at the age of 89. give me your you tired, huddled tourists. a new museum devoted to the statue of liberty opens its doors. good morning. it is 8:00am in singapore, 1:00am in london and 8:00pm in washington, where trade tensions between the us and china have once again escalated. china is threatening retaliation after president trump effectively blocked the import of equipment from the tech giant huawei. washington says the order, which has already come into effect, is to protect us national security. nick bryant reports from washington. a global battle is underway over 56, the next—generation wireless technology, superfast networks connecting our phones, workplaces, cars — every aspect of our lives. and it is pitting against

the us china trade deal i believe that europe would benefit similarly to the us of something positive gets done and will have to see if it plays out that way ok timing can be everything so i'm gandalf of the founder and c.e.o. of bridges financial group thank you for your time. fox conn's billionaire chairman terry goal has declared of fit to run for president of taiwan goal helps to be the nominee for the pro china candidate for the two thousand and twenty alexion where he looks to unseat current taiwanese presidents i.e. one of the democratic progressive party go has called on beijing to recognize and acknowledge the existence of the republic of china taiwan's official title he said taiwan should maintain peace with china while protecting its own uniqueness but there is a fundamental rift between taiwan's pro independence leanings and reunification push the question of taiwan's sovereignty is highly sensitive election issue and goal has been under intense scrutiny as critics claim he would sell out the self-will island because of his multibillion dollar manufacturing empire on the m

but it will get busy later, as the trade talks in china continues and the us central bank wraps up itsate setting meeting. we start with apple, and news that iphone sales suffered a steep fall, and that china is taking a big bite out of its profits. revenue fell 5% to $58 billion betweenjanuary and march — not as bad as the previous quarter's14%. iphone revenue totalled $31.05 billion. that is down 17%. now, injanuary, ceo tim cook highlighted economic weakness in china as a key factor in declining iphone sales. revenue in china fell 21% year—on—year. apple is up against local rivals offering cheaper rival phones, and the country's economic growth is slowing. with sales slowing, apple is shifting towards services. recently it unveiled its tv+ streaming service, though that has yet to launch. and what about its massive cash pile — $130 billion at the end of 2018? well, apple is returning a slice of that, another $75 billion, to shareholders. lacklustre news about sales, so why did apple shares rise on tuesday? from new york, samira hussain explains. three months ago, apple shocked inves

to make use of taiwan not against china made china is easy is becoming more and more important is such a huge influential power in the world so what is the purpose of us doing this to china. china and pakistan and other big topic there traditionally and very good relations and vice chairman of the center and military commission general john. said that pakistan china military elations is an important pillar of strategic ties does it mean that china is on pakistan side when it comes to tensions between india and pakistan like the recent ones. no i don't think so and china as you rightly said. is a very good friend. but china doesn't have to choose sides between india and pakistan. china except both india and pakistan shanghai cooperation organization within the member countries and the china's relationship with india is the land border issue is actually. very good because the way you will have a joint exercises of terrorism during holidays the soldiers across the border could even be cigarettes so we do not believe this is the black and white picture so we sincerely hope both pakistan an

the trade war between the world's two biggest economies, the us and china, has intensfied, with presidentmposing the us and china, has intensified, with president trump imposing a swathe of new tariffs on thousands of chinese products. he's insisting that doubling import taxes, will make america "much stronger". well, the tariffs affect more than $200 billion worth of chinese imports, including consumer goods like furniture, car parts and handbags, all shipped to america. the us had already levied a 10% tariff on chinese goods last september. but today that rose to 25%, and beijing has vowed to retaliate. tonight, mr trump maintained his relationship with china's president xi is ‘very strong,‘ but a trade deal seems far off. 0ur north america editor, jon sopel, reports. bell tolls. a bell can signify celebration, but it also can ring out a warning and today it felt like the latter after donald trump imposed much higher tariffs on chinese goods coming into the us, and fired out a warning to the world's second biggest economy that he is digging in for the long haul. he tweeted: the chinese

us dollar. japan and china markets closed for a public holiday. tart with oil, because as of today the us is tightening its sanctions on iran's oil industry, imposed last november over the country's nuclear ambitions and policies in the region. that's raised fears of a squeeze in global crude supplies, which could push up prices further. let's show you some of the details. washington had granted 180—day waivers to eight countries including china, india and turkey, allowing them to keep buying iran's oil despite the sanctions. last week it said they had to stop by may 1st or face sanctions themselves. you can see how that news pushed up the price of benchmark brent crude, although it has fallen back a bit. it's still up by almost a third this year. last month iran's oil shipments dropped below a million barrels per day, the lowest level this year, as buyers reduced their purchases before this new clampdown by washington. meanwhile us oil production is at an all time high, of more than 12 million barrels per day. it hopes that will help keep global m

china trade conflict are some of donald trump's most loyal supporters fama us now the u.s. government has signed off a $60000000000.00 aid program but many farmers say all they want is a return to normality. domin paths once and all 6 generation farm is here in iowa their main crops us soybeans and maize they also have cattle but since china began retaliating against the u.s. government's levies on chinese goods business here has slowed significantly. china is a huge customer there they have a lot of people in china and they say they were taking one row of every 3 rows that we plant of soybeans that's a lot of soybeans that they were taking so to lose that market last year has hurt us and i think will hurt us for a while and yet these loyal trump supporters who still believe his policies all the right way to go as does nearby fellow pharma dave wilson. china's been a bad actor on the world stage you know they've they've manipulated currency they've manipulated. the allowance of imports into the country so they've they've done a lot of things that manipulates the trade beyon

not only do we have a china versus us trade war, we have a china versus us trade war, we also have donaldgainst iran and i think the fa ct battle against iran and i think the fact that huawei was found to be smuggling equipment to iran that included us technology without permission against the us embargo is probably at the heart of it. it is what happened to huawei's smaller rival last year. ending up paying a dollar fine. what is the future for the company? they have customers but they are likely to dwindle. the company? they have customers but they are likely to dwindlem cannot continue because the telecoms industry is so integrated. we are on the verge of the next generation of technology and huawei has 30% of patents essential so even non—huawei companies are using huawei patents to develop sg companies are using huawei patents to develop 56 technology. almost the sg to develop 56 technology. almost the 56 network will be brought to a halt for the next few years. we will have to see what those trade talks come up to see what those trade talks come up with. thank you. let's take a look

china. two separate chinese sources have told the paper that one of the key problems is the us demand that china is the japan times. on its front page is the knife attack in kawasaki, in which two people were killed. the paper says doctors fear that many of the 15 injured schoolchildren may develop post—traumatic stress disorder. and finally the straits times, with some good news for singapore. a report by swiss business school imd says the republic has become the world's most competitive economy, ahead of hong kong, the us, switzerland and the united arab emirates. those are the papers. eight years after the meltdown at the fukushima nuclear power plant injapan, people are finally being allowed to return to their homes. they were evacuated from the area when a huge tsunami struck in 2011, precipitating a triple meltdown at the daiichi power plant. now around just under half of the land in the small town of okuma has been cleaned up. so, are people coming home? our tokyo correspondent rupert wingfield hayes has been there to find out. oops, i pulled the whole lot out. salad fresh from the fields

notary deal between the us and china. and heavy new us tariffs. is next for the most powerful economies in the world? one of the top advisers on china live next. so again, using "para", you're talking about something that is for someone. ♪ pretty good. could listening to audible inspire you to start something new? download audible and listen for a change. with who we are as people and making everybody feel welcome. ordering custom ink t-shirts has been a really smart decision for our business. i love the custom ink design lab because it's really easy to use. they have customer service that you can reach anytime. t-shirts help us immediately get a sense of who we are as a group. from the moment clients walk in, they're able to feel like part of the family. - [spokesman] custom ink has hundreds of products for your business and free shipping. upload your logo or start your design today at customink.com. ♪ >> shannon: u.s.-china trade talks are in limbo tonight. >> the president hikes tariffs on hundreds of billions of dollars in chinese goods, witho