ambassador to the w t o denis shia accuses china of seriously harming members of the group by failingo live up to free trade principles. china's compliance with w t o guidelines lies at the heart of the conflict notably over beijing's a legit state support for companies that are ostensibly private w t o rules permits some government support for national industries under specific circumstances in geneva on wednesday china's vice commerce minister one show when you defended china's record. we would like to call all the members to vacillate found the fundamental principles and the call fairness of the most natural trading system including m.f. and national achievement and special and differential treatment for developed in memphis and to family stand up to chait fully protectionism and unilateralism. washington's main bone of contention is that under the w t o rules china continues to self identify as a developing nation president trump tweeted in april that this allowed china to get advantages especially over the u.s. the u.s. argued that if beijing's behavior went unchecked it would ru

i don't think so first of all i don't agree with those numbers i think certain things going on the w t o cost them money but other things going on with the w t o agreements benefit them greatly and i'm not sure i agree with those numbers i'd have to look at the where they came from but i think the degree to which. really are the pillars of the foundations of the global trading system caused destabilization and global level on a global security level i don't think that that's helpful at all for developing countries and i think that you know when superpowers get into wars which they do they often fight through developing countries proxies i think the degree to which this body of international law stabilizes the world and limits war is also very helpful developing countries so i'm not sure that developing countries are coming up behind with the global trading system and i certainly don't believe maybe coming out ahead if donald trump collapses it the basic name makes a difference if you die of poverty and you die because you. buy a war plan. yeah it's listen there's there's nothing about wa

china's compliance with w t o guidelines lies at the heart of the conflict notably over beijing's a legend state support for companies that are ostensibly private w t o rules permits some government support for national industries under specific circumstances in geneva on wednesday china's vice commerce minister one show when you defended china's record. we would like to call all doubly to your members to vacillate me found the fundamental principles and the call fairness of the most natural trading system including m.f. and national cheats mint and special and differential treatment for devout commanders and to family stand up to change the bully protectionism and the unilateralists. washington's main bone of contention is that under the w t o rules china continues to self identify as a developing nation president trump tweeted in april that this allowed china to get advantages especially over the us the us argued that if beijing's behavior went unchecked it would ruin the world trade organization the u.s. has demanded that the w.t. o. address what it called china's failure to embrace the

i don't think so first of all i don't agree with those numbers i think certain things going on the w t o cost them money but other things going on with the w t o agreements benefit them greatly and i'm not sure i agree with those numbers i'd have to look at the where they came from but i think the degree to which. really are the pillars the foundations of the global trading system caused destabilization and global level on a global security level i don't think that that's helpful at all for developing countries and i think that you know when superpowers get into wars which they do they often fight through developing countries proxies i think the degree to which this body of international law stabilizes the world and limits war is also very helpful developing countries so i'm not sure that developing countries are coming up behind with a global trading system and i certainly don't believe they'd be coming out ahead if donald trump collapses it the basic makes a difference if you die of poverty and you die because you've been blown by a war plan. yeah it's listen there's there's nothing ab

reciprocal tariff act would give trump unilateral power to ignore the two most basic principles of the w t o negotiate one on one with any country the first is the most favored nation principle that stipulates countries can set different tariff rates for different countries outside of free trade agreements the second pertains to bound tariff rates which are the tariff ceilings that each country has already agreed to in previous negotiations so of course i think it's quite interesting that the u.s. if they exit w.t.f. it's kind of a symmetry to china entering the w t o under was it under nixon so what clinton but they entered the global economy under nixon right when as i said in the front the madman policy began right it would be nice bookend to kind of the centuries that we dominated in this country and now we're going to be dominating the twenty first century because we've got the bigger not we've got the bigger sika we've got the guy who's going to genuinely push the button china don't play well

has demanded that the w t o address what it called china's failure to embrace the open market policies on which the institution was founded the european ambassador to the w t o admitted there needs to be reform. for the long given of the. multilateral trading system the rules need to be updated in we hope that we would also find china as a constructive partner but trump has already raised the stakes and blocking appointments to the w t o o's appeals chamber to replace judges as their terms expire unless he relents the world's trade disputes system will be unable to operate by the end of twenty nineteen or sooner. the united states. could be softening its position on iran previous statements suggested washington aims to reduce the nation's oil exports to zero but secretary of state mike pump a zero says they may grant waivers to a handful of countries importing iranian crude when sanctions are not back native this year u.s. officials have been meeting with saudi energy minister to discuss keeping the oil market well supplied to avoid volatility the trump administration said it wants to

ambassador to the w t o denis share accuses china of seriously harming members of the group by failingto live up to free trade principles a w t o policy review of chinese trade has turned into a new frontline in washington's trade war with beijing. china's compliance with w t o guidelines lies at the heart of the conflict notably over beijing's a legend state support for companies that are a stance of lee private w t o rules permit some government support for national industries under specific circumstances in geneva on wednesday china's vice commerce minister one shall win defended china's record. we would like to call all doubly to all members to vessel that found the fundamental principles and the call fairness of the most natural trading system including m.f. and national cheatham and and special and differential treatment for developing members and two family stand up to change the bully protectionism and the in the lateralus. washington's main bone of contention is that under the w t o rules china continues to self identify as a developing nation president trump tweeted in april

has been pushing china to join them in reforming the w t o china joined the w t o seventeen years ago and you know at the core of president donald trump is complaints about china is the fact that he says china simply doesn't play by the rule book that was made by the world trade organization but china is now saying that it will go along with the idea of revising that the reason why the e.u. is i think encouraged by that is it means it might possibly constrain some of china's policies but i think you know we are a long way away from reform of the w t o although i understand the head of the w t o is actually due here in china on tuesday so a lot happening on many fronts right now elizabeth adrian thank you very much for that for now that is adrian brown live in beijing thank you but the weather is next and then a test of media freedom in myanmar as two journalists reported on the hedge a crisis going on trial and the threat of demolition. school in the occupied west bank will get a live report on their. head or their rain is pushing its way into the western parts of europe now to be a b

it's kind of a symmetry to china entering the w t o under was it under nixon so what clinton but they entered the global economy under nixon right when as i said in the front the madman policy began right it would be nice bookend to kind of the centuries that we dominated in this country and now we're going to be dominating the twenty first century because we've got the bigger not we've got the bigger sika we've got the guy who's going to genuinely push the button china don't play well don't build but that we're not going to do it don't be ashamed don't be a schmuck we're going to what we're going to push it now without question without doubt he's our own dr strangelove he's a dr strangelove a president which is ranging from.

what that does to trust that trust faces further erosion trump has long made clear his dislike of the w t o which governs the rules of international trade now league draft suggest the u.s. president wants to pull out of the w t o actively appending the global trading order it's been in place for more than half a century kimberley health hit al-jazeera washington. well let's bring in our guests for today's discussion joining us from birmingham in the u.k. is scott lucas professor of international politics at the university of birmingham from london we're joined by philip mcgrane former economic advisor to the president of the european commission via skype from hong kong is pauline leung managing director of asia analytic i welcome to you all scott let's start with you could a trade war i want to get too bogged down in trade and terrorist but nonetheless that's where we'll start can a trade war between the u.s. and china be one will one side come out of this victorious over the other. no no one wins in a trade war let's just get that's you know set out from the very start of this discussion o

also discuss plans to reform world trade organization rules based on the same day that china filed a w t o challenge to u.s. tariffs on chinese goods. to june china and the e.u. are willing to talk about reforming and improving the w t o's on the basis that it maintains its core principles and continues to operate based on rules that foster free trade. changes. while china continues to post strong growth there are fears that a further escalation in its trade right with the united states could slow down the economy the latest figures show the chinese g.d.p. grew six point seven percent in the second quarter that's slightly less than in the previous three months the e.u. is a key trading partner for china and as relationships our elsewhere beijing is especially keen to maintain core deal trade ties with the bloc. of national correspondent for asia joins us now from singapore and read donald trump has just called the e.u. a photo on trade is now the time for europe and china to strengthen economic ties. are you scared it would be a good time for china to pacify the trade pact with the e.u. pa

lashed out of beijing and the world trade organization say china's trade policies are too big for the w t o to tackle. some countries say china is raking in all the benefits of free trade but preventing its partners from enjoying the benefits to be had from asia's largest economy. at a world trade organization conference the chinese delegation try to convince them otherwise. we have significant you know what import tariffs voluntarily and continuously by they aren't off twenty eight seventeen import duties all over my hundred ten mines have been reduced with the trade wait it out reached airfreight fourteen to two point four percent while china is facing overwhelming interest from foreign companies keen to invest fellow w t o member the united states is experiencing less enthusiasm from china's business community and that's partly because beijing has put the brakes on big corporate ventures abroad and wants to cash to stay at home and donald trump is hostile trade policies have also taken their toll. for years chinese companies pump increasing amounts of money into the us true foreign direc

sector alike as one pillar of a comprehensive agreement but yes we need to do this on the rules of the w t o and that means we have to include other countries who are also producing cars not only the united states is this old the result of the pressure europe has been putting on the u.s. or am i missing something here well the reason why there is right now an investigation about cars imported to the us is because the united states think they might threaten their national security and i can say that german cars who are actually produced in the united states we have. many many common factors united states and from germany japan korea who do producing in the united states and an s.u.v. from germany was which was built in the united states doesn't affect national security so the reason behind that of cause has no grounds where do you see this old heading come to night. is it going to turn into a full blown travel while what happens at midnight is that we have an ongoing trade conflict between the u.s. and china and the tears that are coming across there will affect in directly companies in the u

to the w t u t oh yes quarter's fall and back and forth for us from wall street so yes we heard that the u.s. is officially complained launch complete with the w t o against china and others but it's actually mean for the countries involved. yeah well that's what the u.s. is doing on the other side specially when it comes to the steel and aluminum. tariffs that the u.s. is imposing the u.s. is saying those are justified because national security is at stake but on the other side the retaliatory measures from the european union from china from mexico or from canada are not justify and that's why the u.s. is filing its own complaint with the world trade organization for the short term that doesn't really mean much because it will take time at least by the end of twenty nine to get any kind of his decision the world trade organization saw there is no immediate effect here so we heard a little already about china's slowing growth how is all of this trade conflict affecting the prospects for economic growth. well we had a new report on monday from the international monetary fund and they're actually saying that global economic growth has told that the

gives a favor and advantage to another w t o country then it has to give the same favor to all of e w t o members but for all i can read in those analysts reports lawyers and also trade negotiators politicians and officials thinking that there is a way out of this and i can tell you also that the fine print is not really what's important for the market today the mere fact that the europeans and the americans are talking and that they potentially will cooperate again is being celebrated today. that side of relief raising a lot of cash indeed canada who isn't for us in frankfurt thank you very much. so potentially an easing in trade tensions as we just heard that between the united states and the european union at least it does not seem that china will be afforded the same treatment though it's now a matter of hours before a fresh round of import tariffs is set to go into effect between china and the u.s. and if that comes to pass on friday experts say that it is the moment we can then reach about a full blown trade war while on one side at a punishing each other the consequences wil

what that does to trust that trust faces further erosion trump has long made clear his dislike of the w t o which governs the rules of international trade now league draft suggest the u.s. president wants to pull out of the w t o actively appending the global trading order it's been in place for more than half a century kimberly healthy at al-jazeera washington. well let's bring in our guests for today's discussion joining us from birmingham in the u.k. is scott lucas professor of international politics at the university of birmingham from london we're joined by philip mcgrane former economic advisor to the president of the european commission and via skype from hong kong is pauline leung managing director of asia analytic i welcome to you all scott let's start with you could a trade war i want to get too bogged down in trade and terrorist but nonetheless that's where we'll start can a trade war between the u.s. and china be one will one side come out of this victorious over the other. no no one wins in a trade war let's just get that's you know set out from the very start of this discussio

will without congressional consent and largely outside of the international rules governed by the w t o the bill is titled the united states fairly simple trade act or or far as it's being called the consensus is that it won't make it through the congress but him actually like a madman to congress is that far as you know it was holder for it's not good for your health they should just let it go but that's not good health good colon health you know just let it go let it rip well what do you think about this policy of introducing this notion that the president can impose that will tear us rather than have to go through the us congress well once again the idea here is that trump is just slashing and burning his way through everything i said is also a trump got elected that this would be a test of the u.s. constitution it would be an acid test acid test of the us constitution so i mean this is what he's doing he's pushing the constitution to the very edge and really forcing congress and the american people to either go to court and defend the constitution or rewrite the constitution but he

what that does to trust that trust faces further erosion trump has long made clear his dislike of the w t o which governs the rules of international trade now league draft suggest the u.s. president wants to pull out of the w t o actively appending the global trading order it's been in place for more than half a century kimberley health at al-jazeera washington. well let's bring in our guests for today's discussion joining us from birmingham in the u.k. is scott lucas professor of international politics at the university of birmingham from london we're joined by philip mcgrane former economic advisor to the president of the european commission and via skype from hong kong is pauline leung managing director of asia analytic i welcome to you all scott let's start with you could a trade war i want to get too bogged down in trade and terrorist but nonetheless that's where we'll start can a trade war between the u.s. and china be one will one side come out of this victorious over the other. no no one wins in a trade war let's just get that's you know set out from the very start of this discussio

what that does to trust that trust faces further erosion troubles long made clear his dislike of the w t o which governs the rules of international trade now league draft suggest the u.s. president wants to pull out of the w t o actively appending the global trading order it's been in place for more than half a century kimberley health hit al-jazeera washington. has taken to thailand because one of the divers has been working to rescue a football team stranded in a flooded cave in the north of the country has died twelve boys and their coach have been trapped in chiang rai for almost two weeks now launching rains are just days away and the pipes and pumps are being taken in to drain millions of liters of water scott hietala has more now from chiang rai. one of the dozens of divers involved in this rescue operation died at one am friday morning we're hearing now from the seal commander here on site commanding their operations in this rescue said that he died from lack of oxygen and it happened at one am on friday morning his diving buddy brought him to one of these chambers tried to resusci

tricky question that all the diplomats are sort of fretting about right now there is a rule in the w t ow t o call the most favored nation rule which basically means that if one nation gives an advantage to another nation it has to give the same advantage to all of the other members of the w cio so it's likely that china at will at least will try to take part in this discussion i'm sure that it was in for us at the frankfurt stock exchange thank you so one hand potentially an easing in trade tensions between the united states and the european union it does not seem as if china will be afforded the same treatment that a fresh round of tariffs all going into effect between china and the u.s. on friday experts saying we can then really talk about a full blown trade will now while one side punishes the other the consequences could chip away at both economies and the paychecks of chinese and american conceive this. these car enthusiasts in beijing regularly meet up to take their jeeps for a spin the vehicles were imported from the united states. paid to france seventy five size and u.s. dolla

also discuss plans to reform world trade organization rules this on the same day that china filed a w t o challenge to u.s. tariffs on chinese goods. to june china and the e.u. are willing to talk about reforming and improving the w t o's on the basis that it maintains its core principles and continues to operate based on rules that foster free trade. sudha change. while china continues to post strong growth there are fears that a further escalation in its trade with the united states could slow down the economy the latest figures show that chinese g.d.p. grew six point seven percent in the second quarter that's slightly less than in the previous three months the e.u. is a key trading partner for china and its relationships our elsewhere beijing is especially keen to maintain core deal trade ties with the block. for us cross over to the frankfurt stock exchange standing by there already already this year china summit how significant is it for the people that are standing around where you are . it's very significant because if there had been bad news from year it would have already come on

justifies the thread by pointing to you live east on us cars but on the w t o rules the e.u. can't just lower tariffs for the us it would have to reduce them for all w t o members it's complicated but what makes us car imports so expensive well let's take a look at but i'm a hyphen where american vehicles are important. these cars have just arrived from the us but before they can clear customs and bring them there brake fluid needs to be removed it's considered toxic waste in the e.u. taking the liquid out costs two hundred euros per car and it's not the only expense when importing u.s. vehicles. as it once you've got the maritime transport with all its costs packing unpacking handling customs clearance then you have a ten percent levy on the purchase price and the maritime transport and then nineteen percent value added tax on that total price plus the retrofitting. friederich count often lived in the u.s. for years and has close connections to car dealers his company doesn't only handle new cars but also classic models for enthusiastic if the paperwork is ok importing them i

well we still have the w t o we still care for the deputy oh but time does not only threaten e.u.and other trading partners but also the multilateral organisation we have the problem with the appellate but if we have other problems in the context of the w d o so it is it is really under threat even though the you tries to rescue some part of this organization but what the e.u. does is we have a strong trading policy we are a strong trade partner and we will look elsewhere if we don't have the u.s. as a trading partner for an agreement we still trade with the united states we look for other partners who share our values who share our interests in free trade agreements our largest agreement now was completed with japan but this is not the only one we have and modernization of the agreement with mexico we have agreements with other countries we have agreements started with those two you know new zealand so we are really looking elsewhere outside of the united states right claudia smucker from the german council on foreign relations thank you very much for sharing your insight with us

it's kind of a symmetry to china entering the w t o under was that under nixon so what clinton but they entered the global economy under nixon right when as i said in the front the madman policy began right it would be nice bookend to kind of the centuries that we dominated in this country and now we're going to be dominating the twenty first century. because we've got the bigger not we've got the bigger sika we've got the guy who's going to genuinely push the button china don't fly well dull dull but then we're not going to do it don't be ashamed don't be a schmuck we'll get the but we're going to push it now without question china without doubt he's our own dr strangelove he's a dr strangelove a president which is ranging from they've got to be out there you know lead you know lead by leaving be out there don't don't pretend to be crazy should drop in on the nato summit i guess it's on monday he should just didn't know his meeting with putin is he should write in on a missile. you know that's a great entrance what a genius those guys anyway we're going to take a break when we come bac

proceed with trade the w t o. end of the day it's all about money and i guess his main concern is. this how empires and when will this not heard from the court to have heard the court begins to crumble ok well you know markets i think i actually think this is part of trying strategy because this is the achilles heels of the nato alliance they don't want to pay their way they want the americans to do it and trump is saying no more of that and we have the prospect and i think it's actually kind of genius in a way you know he's going to meet with putin afterwards and helsinki and everyone is traveling in their boots he might make a deal we might make a deal what deal would that be i mean i find watching what western mainstream to be this hysterical ok because usually don't know what they're talking about but he's using this as making a deal but he's meeting with the nato allies first and i can do think my own reading of this is so you saying what are you going to offer me nato i already told you what i'm interested in oh and bought by the way i'm going to be meeting vlad later i think

steel and aluminum switzerland has launched a complaint at the world trade organization in all eight w t o members have now started such a challenge the united states says the duties aim at protecting national security but the swiss economy ministry says that's unjustified the w t o now has sixty days to settle the dispute. well and for more on the up he will in global trade to let's cross over now to last hold a study by the frankfurt stock exchange lesbian w both raising prices for their cars in china switzerland joining the line of nations complaining to the w.t. oh it looks like trump's america first strategy is somewhat going out of hand. yeah what a surprise that is monica i mean global trade is obviously an extremely complicated issue an extremely complex issue it has taken the world decades to come through the system that we're having currently or that we used to have until very recently it's very complicated because you have of course resources on one side well for one side you have a global intertwined demand supply chains and you have a president in the united states who doesn't

i see with trade the w t o. and of the day it's all about money and i guess his main concern is. this how empires and when will this not heard from the court to have heard the court begins to crumble ok well you know markets i think i actually think this is part of trying strategy because this is the achilles heels of the nato alliance they don't want to pay their way they want the americans to do it and trump is saying no more of that and we have the prospect and i think it's actually kind. genius in a way you know he's going to meet with putin afterwards in helsinki and everyone is trembling in their boots we might make a deal we might make a deal what deal would that be i mean i find watching what western mainstream to be this hysterical ok because usually don't know what they're talking about but he's using this as making a deal but he's meeting with the nato allies first and i can to think my own reading of this is so you saying what are you going to offer me nato i already told you what i'm interested in oh and by by the way i'm going to be meeting vlad later i think it kin

white paper claiming its fulfilling its commitments as a member of the world trade organization or w t o which regulates international trade. that china will continue to seek to improve multilateral trade reduce keep pace with the times the reforms the multilateral trading system with other members of the w t o u. taken together with the tariff cuts it seems to be sending a message that despite u.s. claims of unfair trade practices china is playing by the rules the tariff cuts also serve a wide distributed you could object of putting pressure on local producers of low tech goods such as clothing and cosmetics to become a part of china's broad around vision to be a global leader in high tech manufacturing that bold strategy made in china twenty twenty five is seen as a major challenge to the technological dominance of the united states and design a goodly one of the reasons behind the u.s. threat of a trade war to thwart china's ambitions bright al-jazeera paging. awfully big brains of political economist and former advisor to the director general of the world trade organization who joins

white paper claiming its fulfilling its commitments as a member of the world trade organization or w t o which regulates international trade. that should have china will continue to seek to improve multilateral trade reduce keep pace with the times and the reforms the multilateral trading system with other members of the w t o taken together with the tariff cuts it seems to be sending a message that despite u.s. claims of unfair trade practices china is playing by the rules the tariff cuts also serve a wide distracted you could object if putting pressure on local producers of low tech goods such as clothing and cosmetics to become a part of china's broad around bishan to be a global leader in high tech manufacturing that bold strategy made in china twenty twenty five is seen as a major challenge to the technological dominance of the united states and design a goodly one of the reasons behind the u.s. threat of a trade war to thwart china's ambitions mcbride al-jazeera paging. felipe the grain is a political economist and former advisor to the director general of the world trade organizat

discussions in the w t o and should we do this and of course she's going to face a president which i don't need to tell you doesn't really agree with this way of doing things and where with a bill coming to all this with a belief that institutions are not just kind of ineffective but they're very often bad for which he calls america first so how are those two going to talk to one another what do we think well and i think this is actually a very interesting question to ponder because as you said these two represent two very different archetypes of governance the new york european we reach is based on laws it's all very simple deliberations slow motion decision making and the what i would call the old american way you know get it done and get it done very quickly and it's not that donald trump doesn't respect institutions i'm not sure about that but i think he definitely has a certain disregard for for the dialogue for the sake of dialogue i think. he may believe that the european union is using it to its advantage to keep the benefits as much as you may dislike him i'm sure that that

was also critical of the w t o as it is so there is room for reform in the w t o so that will be one of the messages and certainly we may be looking at a teacher blight if you want the free trade deal the e.u. and the us used to talk about about a before trump stop these talks so what we could see is the head of the european commission suggesting that maybe at least on industrial goods the tariffs could be cut down in a in a small three trade deal but all of that will only happen if trump takes spec those tariffs if he steps back from the brink alexander in washington want to the chances of that will trump be open to you at all. well i think that the president certainly eager to listen to younger and to learn what he has to offer. when the leaders met at the g. seven summit in canada trying to destroy what described her as a brutal killer and ask about this comment the white house said explains that the president considers you incur tough negotiator so that's definitely a good starting point however that doesn't mean that we will see any progress on trade because we do not have any i

what that does to trust that trust faces further roshan trump has long made clear his dislike of the w t o which governs the rules of international trade now league draft suggest the u.s. president wants to pull out of the w t o actively appending the global trading order it's been in place for more than half a century kimberley health at al-jazeera washington. but as. head of research on international trade at china policy he joins us live from beijing and many observers thought that both sides could have negotiated their way out of this dispute but this trade war is now escalating why is that. we don't know there is a big question here is what is trumps multi-faith that's the big question in beijing a few weeks ago they thought it was about tariffs but this is not really affecting china it's not punishing them then they thought it was about china's industrial policy but the tactic for that is all saw not making sense and then they thought it was about a power game of influence with new trade rules in the future and that also makes sense because then the u.s. will team up with their light

should call a spade a spade namely that we think it is incompatible with w t o rules we don't want these tariffs we believe that we home each other not only that we are home to new european union but that this can have much wider implications. e.u. commission president john claude younger travels to washington for talks on trade next week if a solution can be found the e.u. says it will consider further countermeasures. some e.u. or talia tree tariffs on american products came into effect at the start of this month for jack daniels the united states' biggest whiskey exporter it may mean hiking prices in europe and washington correspondent claire richardson went to lynchburg tennessee to get a taste of the problem. american whiskey in the firing line now that the european union has hit back against president donald trump with tariffs of its own companies like jack daniels are being forced to make sacrifices that could hurt their bottom line. i fear linford tennessee home to jack daniels whiskey it's why they did it they said they plan to increase their prices something. for consumers in t

to the w t u t oh yes quarters following the back and forth for us from wall street so yes we heard that the u.s. has officially complained launch complaints with the w t o against china and others because actually mean for the countries involved. yeah well that's what the u.s. is doing on the other side especially when it comes to the steel and aluminum tariffs that the u.s. is imposing the u.s. is saying those are justified to because. security is at stake but on the other side the retaliatory measures from the european union from china from mexico or from canada are not justify and that's why the u.s. is filing its own complaint with the world trade organization for the short term that doesn't really mean much because it will take time by the end of twenty nineteen to get any kind of decision of the world trade organization there is no immediate effect here so we heard a little already about china's slowing growth how is all of this trade conflict affecting the prospects for economic growth. well we had a new report on monday from the international monetary fund and they're actually saying that global economic growth has told the greatest risk especia

to get some giggles out of us saying fart the headline is bill indicates trump's intention to dump w t o report so i believe this is from dow jones market watch so i can say fart because it's from their headline right the chump and ministration has crafted a draft bill ordered by the president that would declare america's abandonment of world trade organization rules according to access which said over the weekend that it detained a least copy of their proposal the bill essentially provides president donald trump was argued for better position for the us and big trade pacts a license to raise u.s. tariffs at will without congressional consent. largely outside the international rules governed by the w t o the bill is titled the united states' fairly simple trade act or or fart as it's being called the consensus is that it won't make it through the congress but him actually like a madman to congress is that far as you know it was holder for it's not good for your health they should just let it go and say that's not good health good coal and health you know just let it go let it rip well wh

proceed with trade the w t o. end of the day it's all about money and i guess his main concern is that this is how empires when will this not heard from the court to have heard the court begins to crumble ok well you know markets i think i actually think this is part of trial strategy because this is the achilles heels of the nato alliance they don't want to pay their way they want the americans to do it and trump is saying no more of that and we have the prospect and i think it's actually kind of genius in a way you know he's going to meet with putin afterwards and helsinki and everyone is traveling in their boots he might make a deal we might make a deal what deal would that be i mean i find watching what western mainstream to be this hysterical ok because usually don't know what they're talking about but he's using this as making a deal but he's meeting with the nato allies first and i can do think my own reading of this is so you saying what are you going to offer me nato i already told you what i'm interested

purchase from china brazil or african countries and that's exactly what sparked discussion at the w t o meeting thursday evening. the u.s. representative had a few things to explain to his chinese counterpart for now it seems economic peace has broken out between the e.u. and us but a single tweet could up and did all. the steps this is their skepticism given the loss of trust over the past few months maybe even years we really hope yesterday's agreement will be adhered to and i think. it's a chance for europe to catch its breath but the insecurity remains. as well you know washington correspondent now constant fun and naaman ed cost and of course this is a significant development but experience teaches us that the u.s. president can tear up any deal so should we treat this with some caution. absolutely i think it's more of a truce than the actual piece and also a lot of things are not clear yet this deal so far is just words for instance when it comes to saudi beans it's not clear how the e.u. will actually manage to make sure that the europeans buy more soybeans because how can they f