china complained about the us at the world trade organization, but it is not about the escalating trademarthome. it is friday, everyone. good morning asia, hello world. but you could join us for another exciting addition of asia business report. i rico hizon. we start with the smarthome concept, the idea that almost your entire home is connected to the internet and devices are boys controlled or work via an application. for now, amazon's alexa is the biggest selling homeboys assisted on the market. but rivals, in particular google, abbey catching up. amazon revealed in its latest range of devices overnight in seattle, and dave lee was there to see what they have cooked up. literally. one potato. starting potato. six minutes, 34 seconds. laughter. it is really for one big reason, which is a large number of devices, not only in your kitchen, but throughout the house, not yet connected to the great thing of the internet. why would i want to, in the case of a microwave? what is the point of having that on the internet?” microwave? what is the point of having that on the internet? i asked my

an interview with bloomberg in which he threatened to withdraw the united states from the world trade organization calling it the single worst trade deal ever made before going on to say that if they don't shape up he would pull america out. about threats drew a measured response from w t o chief robert as a veda he said there was no panic over mr trump's comments and if the president's views on the organization would nothing new here just some more off them. w t o it's treated the united states very badly and i hope they change their ways they have been treating us very badly for many many years simply put we have not been treated fairly by the world trade organization people have to understand our country on trade has been ripped off by virtually every country in the world that we like to piggy bank that everybody is robbing and that ends we're not being treated fairly they don't treat us properly we will be doing something thank you everybody. oh clearly not a fan joel trotman is professor of international law at tufts university fletcher at law school in the united states he's consulted for a

world trading system is in dire need of change. for example countries. were admitted to the world trade organization that violate every single principle on which the organisation is based. while the united states and many other nations play by the rules these countries use government run industrial planning and state owned enterprises to rig the system in their favor. they engage in relentless product dumping. forced. technology transfer and the theft of intellectual property. the united states lost over three million manufacturing jobs nearly a quarter of all steel. and sixty thousand factories efter china joined the w t m. and we have racked up thirteen trillion dollars in trade deficits. over the last two decades. but those days are over. we will no longer tolerate such abuse we will not allow our workers to be victimized our companies to be cheated. and our wealth to be plundered and transferred. america will never apologize for protecting its citizens. the united states has just announced tariffs on another two hundred billion dollars in chinese made goods for a total so far of two hundred fift

the world trade organization is downgrading its global trade forecast for the next two years that's thanks in part to simmering trade conflicts around the globe the w t o expects world trade to expand by three point nine percent this year and around three point seven percent next year that's down half a percent from previous forecasts in a statement that cited free trade measures as prompting the move evidently a critique of u.s. president donald trump's trade policies. a currency crisis political tension the perfect backdrop for a state visit turkish president richard. lynn for two days diplomatic relations may be strained but business ties are on track. think raced through the countryside it more than three hundred kilometers an hour high speed trains made by siemens are already running on tracks in turkey siemens manager michel cup is hoping for more orders according to media reports and current wants german support in setting up a high speed rail network worth thirty five billion euros so far no decision has been made that the latest siemens the laro model could play a part. in twenty

for years we gone to the world trade organization. we filed the complaints. the complaints in the world trade organization, 20 years later, china is still stealing our technology. they are still forcing the transfer of technology and nothing has changed. what has changed is that president trump, let's face it, he is a bull in a china shop. he is using a caveman's club to beat our trade opponents over the head, he is saying look, no more world trade organization. you will stop this and stop it right now or there is going to be real consequences. and, as general keane mentioned, you know, the chinese economy is going down, ours is booming. the chinese export twice as much to the u.s. than we export to china. this is a game of chicken and the u.s. is driving a mac truck and the chinese are driving a vw beetle and eventually they're going to get crushed unless they turn off and become more reasonable and stop stealing our technology, which is in the long term the crown jewels of the u.s. economy. trish: i like that analogy. >> it's a crown jewel. trish: how long

now threatening to pull the us out of the world trade organization jeffrey albert tucker who's from the foundation for economic education thinks that the current trade war will inspire china to expand its reach and the united states will be the one to suffer. this situation would be far more damaging to the us than i could ever be to china because china is is really pursuing a global strategy of economic growth very much of an invitation to the world world producers to comment maker goods here employ our workers let's export let's cooperate this is china's policy china has a policy of. looking for global markets the effect of donald trump's threats and his his trade policies are going to be in the end once you look three four years down the road is that he's inspiring all all countries in the world to learn to do without the u.s. and he's driving out u.s. companies to find other ways to do business abroad and that's how it looks from moscow this hour i'm calling bright thanks very much for watching your next update in just over half an hour of singing that. when else seems wrong. wrong

evidence -- for instance, there is a scene in the book where he starts talking about the world trade organization, which is an organization that actually gives us great leverage if there is unfair trade practice in the world. and he said, this is the worst organization in the world and the advisors who are experts in there say, no. and trump says, well, we lose our cases there and they bring out the document. no, we win 85.7% of the cases, not just 85%, but 85.7. and trump says, no, that's not true. they said, bring in your trade representative. call him. ask him. trump, i don't want to. i won't do that. he closes his mind to the information that makes it possible for the president to weigh arguments and data. >> and, david marinas, the president seems incapable of being embarrassed at the exposure of his own ignorance in those scenes. >> you know, that was so classic bob woodward, the 85.7%. you know, he's relentless -- he's very cautious, never getting ahead of the facts, but releaptless in t relentless in the pursuit of them. but yes, there have been a few politicians in the modern age who see

trade treaties between the world's two largest economies trump trump's restoration deal knowing. dollars for china's goods and is also already right dropped from the from the from the world trade organization a self self. if body mahdi's misinformed. meanwhile while sentences in the us you estimate how how can has and stuff on the run around from washington dc the deal day up to act as a save not. to because judges it is always on you and they're our outstanding differences as his on the on the twenty four year old trade street or toward canada and of those only recently joined the meeting meetings anton testers are not about. hundreds of resolution from the from the transfers indicate again would go held by the the end of november he thought about it doesn't doesn't really free. favorable trade writer germs nineteen eighties he says. restaurants well. right now i can't. dislike when. strikes again again. but a better looking conditions prying eyes it's nice micro economy reasonable return. from the bcc well that let up that space making critical because we can be very very difficult sources to maintain our animals is a scene from germany. rather than mine and i'm right now in a sense of c

president is now threatening to pull out of the world trade organization to fail but took off from the foundation for economic education thinks that the current trade will but inspire china to expand its reach and the united states will be the one to suffer this situation to be far more damaging to the u.s. and it could ever be to china because china is is really pursuing a global strategy of economic growth very much of an invitation to the world world producers to comment maker goods here employ our workers let's export let's cooperate this is china's policy china has a policy of. looking for global markets the effect of donald trump's threats and his his trade policies are going to be in the end once you look three four years down the road is that he's inspiring all all countries in the world to learn to do without the u.s. and he's driving out u.s. companies to find other ways to do business abroad and now you're up to date i'll be back with you next don t. world news in just under thirty five minutes from now i'm calling bright thanks for watching. when the old maid just manufactu

the international monetary fund warns that a "no—deal" brexit on world trade organization terms wouldntail "substa ntial costs" for the uk economy. and in other news this hour: a race against time, as rescuers in the philippines dig through mud to try to find dozens buried by a landslide, after typhoon mangkhut battered the country. details emerge of how the mp tobias ellwood battled to save police officer keith palmer, who was stabbed to death in the attack. and at quarter past eleven we'll be taking an in—depth look at the papers with our reviewers christopher hope, chief political correspondent at the telegraph, and miranda green, deputy comment editor at the financial times. stay with us for that. good evening and welcome to bbc news. with just over 6 months to go before the uk is due to leave the european union, the prime minister has declared that mps will be presented with a choice between her proposed brexit deal or no deal at all. theresa may spoke to bbc panorama this evening, prompting her critics to speak out again, with the former foreign secretary, borisjohnosn, renewing

the international monetary fund warns that a "no—deal" brexit on world trade organization terms wouldail "substa ntial costs" for the uk economy. iam i am live in salford university where we are speaking to students and businesses about tear predictions for the next six months. a race against time. rescuers in the philippines are digging through mud to find dozens buried by a landslide that hit as typhoon mangkhut battered the country. an mp who fought to save the life of pc keith palmer during last year's westminster terror attack tells of the desperate moment the officer died in front of him. coming up on afternoon live, all the sport. great britain have completed an unprecedented clean sweep of cycling's grant tour siteles after simon with the weather it is darren. a lot of hot hair in the programme today, we have got storm helene, it will pick the winds up overnight. bring some rain and warm tropical area. it isa some rain and warm tropical area. it is a windy week on the way. looker forward to also coming up. all this week we're going to bejoining radio 1's newsbeat political tea

i think world trade organization was probably the worst of all. k world trade organization was probably the worst of all. but a lot of people don't know what that is. but that allowed china to become this great economic power and i'm a big fan of president xi, but i told him, we have to be fair. we can't let china take out $500 billion a year out of the united states and rebuild itself. we have some of these countries, they're considered growing economies. they're considered nations that are not mature yet, so we are paying them subsidies. the whole thing is crazy. you know. like india. like china. like others. we say oh, they're growing. i see. i want to be put down in that category, we're growing too we're going to grow faster. [cheers and applause] you know, they: call them developing nations. natione are a developing to the bank. we are! as far as we know, we are developing. they call themselves developing nations and under that category, they get subsidies, we have to pay them money. the whole thing is crazy. but we're going to stop it. [appla

the world trade organization is downgrading its global trade forecast for the next two years that's thanks in part to the simmering trade conflicts around the globe the w t o expects world trade to expand by three point nine percent this year and around three point seven percent in twenty nineteen that's down huff of a cent from previous four years previous full costs rather it a statement the w t o cited anti free trade measures is prompting the move evidently a critique of u.s. president donald trump's trade policies. european stocks have slumped over fears the italian government will delay presenting its first budget that's down to a standoff between the two coalition partners and the minister for economics but left populist five star movement on the far right league want to increase spending to deliver on campaign promises of lower taxes or generous pensions and basic income subsidies for the poor but economy minister giovanni korea says his goal is to further cut italy's deficit he's denied reports he's threatened to resign under coalition pressure to loosen the purse strings. economy

market forces this potential departs from what is known as the current world and trade order particularly under the world trade organization whose president is here as well as shellac of her for us down at the meeting today thanks very much while it's to the us now our supreme court nominee brett kavanaugh also as he will not let what he calls false accusations drive him out of the nation process the senate plans to hear testimony this week from at least one of the two women who claim cavanagh sexually assaulted them back in the one nine hundred eighty s. cavanaugh has denied any wrongdoing here's what he said on fox news. i've never sexually assaulted anyone not in high school not ever. i've always treated women with dignity and respect i'm not going to want to false accusations try boss that out of this process and. we're looking for a fair process where i can be heard and defend the. my integrity my lifelong record of my lifelong record of promoting the dignity and equality for women starting with the women who knew me when i was fourteen years old. not going anywhere. and staying in the u.s. scientists are reporting su

welcome to the business dim outlook for the global economy the world trade organization is downgrading its global trade forecast for the next two years and that is thanks in part to the simmering trade conflicts around the globe the w g o expects world trade to expand to by three point nine percent this year and around three point seven percent and twenty nine trittico of u.s. president trade policies. turkish president richard type is in berlin for the next five political tensions business ties between berlin and korea remains stable on many levels. they raced through the countryside it more than three hundred kilometers an hour high speed trains made by siemens are already running on tracks in turkey siemens manager michel cup is hoping for more orders according to media reports on current wants german support in setting up a high speed rail network worth thirty five billion euros so far no decision has been made that the latest siemens the laro model could play a part. in twenty thirteen we got an order to deliver seven high speed valero type trains to do three hundred kilometers an

they are violating the concessions they signed on to when they became part of world trade organizationotgun marriages with partners then steal the trade secrets. charles: i spoke to a company last week and said they were asked for their codes and they said no. they are being pressured by wall street to do it. but their stock is okay. how powerful would the be for both leaders to go back to their people and say we won. >> china wants to save face. understood. they were allowed into the world trade organization because they want to be in the big boys' club. but they were given special treatment because you are a developing -- they are a developing country. they are the most of least developed country. so china could say, we have achieved big boy status. we don't need to be treated like the weak sister. we the great powers acknowledge. charles: i need to understand. today they lowered tariffs, and they want a more consumer-driven economy. does the ultimate picture look like no more shotgun weddings and fewer tariffs and open markets? >> that's the ultimate solution. stop cheating. act lik

they talk about issues surrounding the world trade organization, the trans-pacific partnership, and the united states' role in global trade.

something like that, so what is coming up and putting on the table is to say that you go by the world trade organizationnd then possibly to a canadian, norwegian style deal. there is only possible alternative is right now. you have david davis was about to come out and suggest his alternative, it have others suggesting a second referendum. there are many, many alternatives. and no time. there is no time at all. knows. dominic raab, the current brexit secretary, has got to negotiate what the uk's position is. i think have got to talk about lord who has come into the debate recently and made some comments about how very upset he is. one comment he did make and i agree with him, the fact that dominic raab at the very last moment decided no brexit was on the table for discussion... he is a brexit supporter, and just for instancy sounds a bit like you, so frustrated with how this process is going. but, given what we have been through since the referendum decision, how could we have played this differently from your perspective? because, of course, the problem has been all the infighting within conservative p

the international monetary fund warns that a "no—deal" brexit on world trade organization terms wouldntail "substa ntial costs" for the uk economy. i'm in brexit burnley, where the economy is booming. so with their vote for leave affect — or not — those positive steps forward? and in other news this hour. a race against time, as rescuers in the philippines dig through mud to try to find dozens buried by a landslide after typhoon mangkhut battered the country. details emerge of how the mp tobias ellwood battled to save police officer keith palmer, who was stabbed to death in the attack. and an end to the scallop wars — leaders from british and french fishing industries agree on a deal. the prime minister has told the bbc that mps will have a choice between her proposed deal with the eu — or no deal at all. the comments — made to the panorama programme — have prompted her critics to say she's risking a car crash if she sticks to her policy. the uk is set to leave the eu on 29 march 2019, and negotiations between the two sides are still taking place. the prime minister has insisted that

so we need to give the world trade organization a broad ambitious and urgent mandate to reform. this must address the areas where it is not functioning effectively, deal with issues that are not currently covered, and maintain trust in a system which is critical to preventing a return to the failed protectionism of the past. fair and respected rules are essential for business to flourish and drive growth but recent history shows this cannot be sustained without deeper partnerships between governments, business, international financial institutions and civil society to ensure that growth delivers for everyone. that is why i recently visited africa along with british businesses to promote trade and investment and encourage a new partnership based on shared prosperity and shared security. it is why at this general assembly, i co-hosted an event with prime minister trudeau, prime minister congomi calling for more support for investment in job creation for young people in the continent. it is why the united kingdom will maintain our commitment to spend gross national income on develo

dunno it way we are these assured then to ease the pain the second and make unease of the world trade organization but we know that the trump of the station doesn't really believe the in the forum is a place to resolve conflicts so honestly i don't know we're into the end up if not all fully some other countries will intervene and try to meet though it's not easy we can president trump in china now more research many experts say that u.s. consumers will be badly hit by these terrorists but up until now there's no real outcry over rising prices well i think with depends who you talk to i mean i'm pretty sure there are some farmers a bit of quite that say in the united states the point is of course when you get off of the top of imports from china you cannot. find the goods toys and so on and so forth so now the faith in terms of prices in the united states would be that it the fate of these studies and it is that it affected just in time for the need to medications and then for a christmas present from seems to believe that these were not affected negatively republican parties or more generally the

at the same time you have two countries both in violation of the world trade organization, that is interestingay about the international scene, but also what does it take to bring them to the table and get this done so that business as usual can resume? markets are fairly sangin about this. in asia they are rising today, quite significantly. it is not really going to hit us that hard. from the point of view of the politics in the united states come the mid—term is not that far away, it is important for him that his message to those who will vote in mid—november. message to those who will vote in mid-november. -- midterms. donald trump is looking to say to his base and other fans as well that he has this idea that the united states has been getting a bad deal and that china has been unfair and that previous us presidents have allowed this to go on for too long. so all of these things are playing to the crowd, look at all the things i am doing for you. will this actually improve life for the average us worker? can he make that connection? and will the average us vote in november going to be ball

we see at the world trade organization it is almost paralysed by its inability to process cases if thes on attacking it and not fulfilling appointments, the trading order gets hurt and everyone gets hurt at the end of the day. absolutely there is no positive view of this. there seems to be the trend, though. destabilisation and a more nationalistic and protectionist policy. how will this end, do you think? what of the most significant features of the international order since the second world war has been the us leading international organisations. now we are in it different era of the us not doing this so this is definitely a new chapter in history and how crisis is being aggravated by this period, particularly this us administration, it remains to be seen. and can very much for coming in. ten years ago tomorrow, september 15, 2008, a big date that sits in the mind of many people working in the investment banking community, leeman brothers filed for bankruptcy protection. it was the largest bankruptcy in us history and it signalled the start of the global financial crisis whose effect

the director of the world trade organization said that new deal would not be a walk in the park but it wouldn't be the end of the world the government is right to make the necessary preparations for noting else while at the same time we are working a good deal to ensure that we deliver on the coach of the british people and that we come out of the european union on the twenty ninth of march two thousand and nine but we do so in a way that protects jobs and livelihoods ensures no hard border between northern ireland an ardent and maintains the precious union oh united kingdom that arguable banter is played out over and over again in britain but it was a later statement accusing russian military intelligence for murder that made headlines around the world i can't date on the house that based on a body of intelligence the government has concluded that the two individuals named by the police and c.p.s. are officers from the russian military intelligence service. also known as the g.r.u. hang on just minutes before tourism a spoke assistant police commissioner neil bus who was asked directl

cannot work. >> i would say that there are two basic principles of the world trade organization that we could have and should now use. one is national treatment. and one is nondiscrimination. we could join hands with those who have suffered by the transgressions of the chinese who also suffer from percentage caps on inward investment, which discriminate and are nonnational treatment, on inadequate protection of foreign intellectual property, discrimination, on a host of other things, i won't take -- but the whole list that we must object to violate those two principles. approaching china to say we need to have you adhere to these principles, and if china were saying get out of my office, i don't wish to continue this conversation, you who are on the other side of the table could bring under the wto a nullification and impairment action, and that is provided by the provisions of the wto and is a way of making the negotiations go forward. but i suspect that china, which needs to be part of the global system would respond. it may be that in certain areas, they will need some time to adj

against the basic principles of the middle east peace process the world trade organization and climate agreements lavrov also vowed moscow will do everything possible to save the iran nuclear deal well earlier china's foreign minister used his speech at the u.n. to tell world leaders that beijing is open for business and pointed remarks aimed at u.s. wangi warned against protectionism his comments come at a time when a trade war between the u.s. the u.s. and china has been deepening in a tit for tat tariff. ball who threw john three hundred which protectionism will only hurt one self and unilateral moves will bring damage to all regarding trade frictions china stands for a proper settlement based on rules and consensus through dialogue and consultation on an equal footing china will not be blackmailed or yield to pressure. still ahead for you on the program a show of unity from the german and turkish leaders as they continue to patch up their relationship and focus the attention on syria. hope on the horizon for yemen is a key airport that's been closed for two years because the fighti

the international monetary fund warns that a "no—deal" brexit on world trade organization terms wouldor the uk economy. and in other news this hour: a race against time, as rescuers in the philippines dig through mud to try to find dozens buried by a landslide, after typhoon mangkhut battered the country.

know impose tariffs that seem to be political if that's the case it would be a violation of world trade organization rules but i think with this whole tariff issue the new york times had a really interesting piece the headline was that china used to be tough on trade but is basically losing a locking about it but the american people don't care about his private life it was well known it's been well known for decades and decades he talked about it on howard stern he loved being on the cover of the new york post he brags about his you know personal life if you want to put it that way his womanizing and so forth you know his wife is his third wife his second wife very famously he took ivana and marla on the same ski trip and they got in a fight that was on the front the front page of the new york post i don't think this is going to have is going to change anybody's minds about who donald trump is jose what do you make of. this is i think jamie can't deny all the chaos in this administration the woodward book as cetera. you know it's it's so hard to keep up with this white house i mean from the very beg

he thinks it was a mistake to have china's accession to the world trade organization because it cost american jobs in manufacturing. he says china has to be the main focus on trade. , he said interesting any deal where light houser is not responsible doesn't see the light of day. what is his background? where does he get these views? >> he has a long history as an insider in washington. he is shaped by his experience as a lobbyist for the steel industry. chinese steel is dominating the world and puts pressure on american steelmakers, most of them have gone out of business. is one of theat formative experiences for him. shery: peter thank you. story take out -- check out business -- bloomberg businessweek. amanda: light heiser and the -- canadian foreign minister rn continued nafta talks. it is not expected they will hit a deal this week. nadine officials are downplaying the deadline. tillman forjennifer more. she is a professor of law at georgetown law center. great to have you with us for this. what i want to ask is whether the deadline is real. we are seeing the canadian team downpl

the world trade organization classifies china today as an emerging market nation.his is the second most powerful economy on the planet, gives them favored nation status. if we don't do something now when do we do it? trish: that is what i worry about. we have the leverage now. there is an opportunity to do something. we may still want to do something. we may desperately want to do something, we won't have the leverage, the strength, economic power if we don't do everything we preserve it now. let's get back to the idea now, if you make gadgets in the u.s., the people make more money, all the the costs go up, inflation kicks in, you erase or damage or -- >> there is multiplier effect t could spread. nobody likes tariffs. certainly the financial professional, i don't like the idea of tariffs or trade conflict but we have bigger issues. we're thinking now beyond that. you're hitting right on an important point. ceo's think in terms of quarterly earnings. trish: right. >> why not make it the next guy's problem. let me make my money now. 10 years you down the road some

the world trade organization downgrading its global trade forecast the next few years, thanks in partsimmering trade conflicts around the globe. the wto expects world trade to expand 3.9% this year and around 3.7% in 2019, down 0.5% from previous forecasts. in a statement, the wto cited anti-free tradtrade measures, evidently a critique of u.s. president donald trump's policies. let's go to the new york stock exchange. what is the growth outlook for the u.s., by the way? it sounds like things are going quite well, going to plan. and we have another interest rate hike on its way. [laughter] reporter: well, i mean, we are basically experiencing, or we are approaching, 10 years of straight economic growth here in the united states. the u.s. is pretty much experiencing the longest expansion phases in its history. we just got confirmation on thursday, the u.s. economy grew by 4.2% in the second quarter. that is pretty remarkable at this stage. we also heard, on thursday, that the trade deficit actually reached the highest level in six months. that could be a bit of a damper for growth look

world trading system is in need of change. for example, countries were admitted to the world trade organization that violate every principle on which the organization is based. while the united states and many other nations play by the rules, these countries use government run and state owned enterprises to rig the system in their favor. they engage in relentless product dumping, forced technology transfer, and the theft of intellectual property. the united states lost over 3 million manufacturing jobs, a quarter of all steel jobs. 60,000 factories after china joined the wto. we have racked up $13 trillion in trade deficits over the last two decades. those days are over. we will no longer tolerate abuse. workers to allow our be victimized, our companies to be cheated, and our wealth to be transferred. america will never apologize for protecting its citizens. the united states has announced tariffs on another $200 billion in chinese made goods for a total of $250 billion. i have great respect and affection for president xi but i have made clear our trade imbalance is not acceptable. china's market distortions and the way they

know impose tariffs that seem to be political if that's the case it would be a violation of world trade organization rules but i think with this whole tariff issue the new york times had a really interesting piece the headline was that china used to be tough on trade but is basically losing a lot of its leverage china just announced this week that they're going to impose tariffs on sixty billion dollars worth of u.s. goods and basically that maxes out they won't have any more goods to put tariffs on ironically because of how close their importation system is will donald trump's tactics work will this you know compel the chinese government and chinese economy to play fair or not put their thumbs on the scales with government subsidies and industry loans from government banks stealing of intellectual property rights i'm nuts are not so sure about that the chinese have a much longer time horizon when they're thinking about these things and jack ma the c.e.o. of alibaba is about to step down he said from the chinese perspective this could go on for twenty years but basically what are we going to do noth

looking baseball is not that positive you know you have to remain positive because of that the world trade organization is downgrading its global trade forecast for the next two years thanks in part to the simmering trade conflicts around the globe the w t o expects world trade to expand by three point two nine percent this year and around three point seven percent in twenty nineteen and that is down half a percent from previous forecasts in a statement the w t o cited and the free trade measure that's prompting the move evidently a critique of u.s. president donald trump's traits policies. are right and that's as a man of the front for stock exchange. powell. before today's statement of the w.t. oh we already had the head of this organization of about to as david was saying that well there is a dim future ahead for world trade. protectionism is a danger to the world economy as a whole that that was the message yesterday and that's the message today the w two had said that if a corporation among countries in the w t o breaks apart it would mean a loss of one point nine per cent of global g.d.p. the w.t

the world bank the world trade organization are western gifts to the world so the west should be strengthening for example w.t. you know the united states is undermining the w.t. you very unwisely by the third m word of course is one that surprises the west's i advised the west to be machiavellian. to come clean it's order interests so for example europe europe's problem is that africa's population which used to be half that of europe is now double that of europe by twenty one hundred would be ten times the size of europe so europe should focus on africa. and who can help europe never china so europe is going to work with china instead of opposing china because america is china if you don't mind we're going to go through all three of those adams step by step that will start with trump. you mentioned w t o he wants to pull america out of the w here he was skeptical of their concessions from the very beginning when he became president if that actually happens if america is out of there are going to zation what would that mean for w t o and for the global economy here actually i have some good ne

the international monetary fund warns that a "no—deal" brexit on world trade organization terms wouldntail "substa ntial costs" for the uk economy. and a race against time, as rescuers in the philippines dig through mud to try to find dozens buried by a landslide after typhoon mangkhut battered the country. details emerge of how the mp tobias ellwood battled to save police officer keith palmer, who was stabbed to death in the westminster bridge attack. leaders from british and french fishing industries agree on a deal to end the so—called scallop wars in the english channel. in a moment, it will be time for sportsday but first a look at what else is coming up this evening on bbc news. with six months to go until brexit — reality check‘s chris morris will be investigating just how ready the uk is to set off on the future road ahead. we'll be speaking to a stylist to find out whether ‘runway robots‘ could be coming to a future fashion show near you. and later on at half past ten and quarter past eleven, we'll be bringing you tomorrow's front pages in the papers. our guests this evening

the world trade organization is downgrading its global trade forecast for the next couple years as thinks in part to the simmering trade conflicts around the globe the w t o expects world trade to expand by three point nine percent this year and around three point seven percent in twenty nineteen that's down half a percent from previous full costs in a statement the w t o's cited and he free trade measures is prompting the move evidently a critique of u.s. president don't trump straight policies. let's go to yes quarter the new york stock exchange. what is the growth outlook for the u.s. by the way it sounds like things are going quite well going to plan and we've got another interest rate another interest rate hike on its way. well i mean we're basically experiencing or we're approaching ten years of straight economic growth here in the united states and was that the u.s. is pretty much experiencing the longest expansion faces in its history we just got confirmation on thursday that the u.s. economy grew by four point two percent in the second quarter that is pretty remarkable at this st

this america—first president rounded on opec, the international criminal court, and the world trade organizationen set out a vision starkly at odds with the internationalist audience listening to him. we reject the ideology of globalism, and we embrace the doctrine of patriotism. his principal target in the speech was iran. he called on nations to isolate tehran‘s rulers and support its people. not quite a cry for regime change, but it is clear where he stands. iran's leaders plunder the nation's resources to enrich themselves, and to spread mayhem across the middle east and far beyond. and the iranians met fire with fire. translation: unlawful, unilateral sanctions in themselves constitute a form of economic terrorism, and a breach of the right to development. the iranians and americans avoided each other over lunch, but as always, donald trump was the centre of attention, even if many found his message distinctly uncomfortable. and on immigration, and to those refugees fleeing persecution, donald trump said, stay at home and make your own countries great again. that was heard in icy silence, a

get right to a few headlines leading our report today china is formally petitioning the world trade organization the w t o to impose seven billion dollars in annual trade sanctions on the united states at a meeting on september twenty first china will reportedly press for penalties pursuant to their twenty seven. victory in a case filed all way back in two thousand and thirteen last year's w t o ruling found fault with the us method for calculating whether chinese exports are actually dumping their goods in the us or simply selling that at a lower price abroad than they do at home china also one of the w t o last month in a similar case regarding sixteen billion dollars worth of chinese exports that were terrified by the u.s. stock markets worldwide trying to down on the news on this specific news rather and as a drumbeat of developments continues in the tense trade triangle between the u.s. china and the european union.