A look at the cost base rate on d w. Its all happening. Pretty frequently. During link to news from africa and the world. Your link to exceptional stories and discussions in the un will come student news after killing program tonight from born in germany from the news of these eaves i want website d. W. Dot com smart free come join us on facebook at g. W. Africa. Taking a swipe at china and the u. S. Market distortion as a meeting of the World Trade Organization three economic power was say that teaming up to take down titian. Also coming up thanks but no thanks canada drops plans to buy boeing fighter jets over a trade to speak with the United States. And on the catwalk showing not blessed fabric but we need to german base design a coming up with creations for muslim women in hopes to make it big with her own clothing line. This is your Business Update on how the homefront in berlin thanks for joining me three of the worlds top economic powers the u. S. The e. U. And japan are joining forces to combat market distorting trade practices the group signed a declaration during the World Trade OrganizationMinisterial Conference in one is itis the declaration doesnt open me target any specific country but it does focus on state owned enterprises and government subsidies both of which essential features of chinas Economic System chinas c. E. O. And the minium industries are heavily subsidized and cheap chinese goods then flood Global Markets posing a risk to chops elsewhere. Well trumps new tax plans of outraged european leaders and the heads of Multinational Companies the us president has promised a reform bill that will bring the largest cuts in the history of the United States germany france in the u. K. Have led the protest saying that if the bill becomes law it will end up going against global tax agreements. The proposed new cross border today was being cooked up on capitol hill. And complex trump and his administration supports them but the europeans have already said they could retaliate calling the plans discriminatory and at odds with World Trade Organization regulations under the new law u. S. Companies would either be charged twenty percent of the value of goods brought into the us all they would be forced to treat their foreign subsidiaries as u. S. Businesses and pay tax on profits accordingly and whats called the europeans angry is that their companies would be charged double first by tax in their home country and second by the new excise duty on the u. S. Based subsidiaries. The new rule would apply to businesses transferring more than one hundred Million Dollars in value the intention to keep profit generated inside the u. S. Within the country dampening imports while firing up exports. Lets talk through this now with a nicolas castles hes a political analyst at the Free University of ballet nicholas essentially European Companies are accusing the United States of tax dumping with this potential reforms are now looking in investment unfairly is that what the u. S. President is doing absolutely and hes not realizing that the u. S. Is not an export nation its an important nation every goods sold in the u. S. Whether produced there or simply assembled relies in some form on global production. This is bad for consumers is the entire tax reform with a deficit between one point five trillion or like the wharton analysis from two days ago two trillion. Its bad for business its bad for the economy and lets consider it from another perspective then what about German Companies for example operating in the u. S. Some say that they might actually be welcoming this or full well were talking about a twenty percent border just in tax. Which means that each product imports it becomes more expensive while this is good news for those producing in the United States its bad news for everybody selling goods in the United States because you know aside from the very very rich the middle class and poor people bear the brunt of of course you know the heightened costs because you know the firms dont produce and heighten costs and dont give you know give this or put this through to consumers consumers will pay for these taxes and i want to touch on that a little bit nicholas because trump says that this tax reform means that companies will create jobs so similar to a bush reform in its architecture although that was slashing Capital Gains that didnt really happen essentially companies ended up holding on to the profits and we saw a very prolonged time in all of Economic Growth which was highly unequal i mean could that then how can this time around do you think absolutely the tax reform package is lets let me be blunt you weird combination of trickle down economics and nationalism with the trickle down we know you know the third of this of the taxes kept actually go back into the economy two thirds remain with those producing those who already have very very much in the United States inequality rise and the. Jobs creation is dependent on way more than just you know taxes spared or possibilities included its a question of you know education and infrastructure all these things that trump promised everything that people voting for him hope for these are not happening any time soon and i dont see why you know slashing taxes. Rendering this state incapable of swift action will actually change that granted but very briefly i want to ask you could this then trigger a race to the bottom from European Companies and you know u. S. Tax or those w. T. Ole much criticized w t o is very effective in this dispute settlement and i see a broadening International Consensus against the United States here on this nicholas castles from the for university of thank you. Canada has dropped plans to buy eighteen fighter jets from boeing over a trade dispute with the United States the deal would have been worth well over five billion dollars but it collapsed after the u. S. Imposed duties of three hundred percent on c. Series jets made by canadas biggest plane make a bomb about the earlier this year the planned purchase was part of canadas intention to upgrade its entire fleet of fighter jets the country now says it will buy those planes from australia instead. Take joint facebook has promised to shake up its tax structure the walls largest social Media Network has said that it will be booking revenues in twenty five countries where it makes its profits rather than via its European Headquarters in ireland corporations generally face larger tax bills in countries like germany france italy where taxation levels are higher but experts dont expect facebook to pay more taxes because itll all come down to how the Company Accounts for expenses in each country. Well gas prices in some countries have been reaching their highest level in a four year is now austrias main gas pipeline is fully back online after a deadly explosion shut down operations on tuesday the course of the blast which left one person dead is not yet clear the site inbound out an instant austria supplies gas to several European Countries and it was those fears the supplies would be restricted as a result of the blast that initially sent gas prices soaring they have handles about ten percent of europes gas supply. In dubai modest fashion week has come to a close in designers say their high end creations are taking off not as fashion attracts women who want to cover up not just for really religious reasons its a billion dollar industry and its booming now designers based in germany are looking to get in on the success so we met up with one designer coming up with outfits for was in women a photo shoot for the upcoming winter collection despite the icy temperatures the photos have to give no hint that the models of freezing cold time and again design omarion lead dearie steps in to make adjustments. Fifteenths collection everything has to be perfect for the latest catalogue. In this collection it was important for me to return to my labels origins to have different models on the set somewhere in the hit job some without some with turbans a mixture of light and dark complection to make everyone feel included. In her studio near mannheim the algerian born design a is constantly creating new combinations. I used a lot of earth tones because i find them very elegant and to get away from too much black so we have rust brown as a key color. Its a mixture of dark orange and something explosive. Of groups exposing. Despite fifteen collections in seven years marion led dairy hasnt been able to establish a label on the german fashion scene she specialized in modest fashion a conservative more restrained style that shows very little skin shes frequently turned down for Fashion Shows geminis behind when it comes to modest fashion. I took my decision to learn Fashion Design back then out of a passion for the modest fashion style didnt exist then but the markets been booming in recent years and now i want to be in there with the big players. The big players get together in dubai this year the persian gulf state is pushing on the biggest modest fashion week ever fifteen thousand visitors from around the world are expected to attend marian live davies misa label is one of two hundred fashion houses showing their latest collection. Dozens of us on the sense that theres a lot of interest in music and just that more than i expected when very happy about it just thought we try it out and likes to go out were overwhelmed. Mariama show doesnt start until late in the evening if she attracts enough attention here it could mean her International Breakthrough that would open up a one hundred billion euro a year marketing and then perhaps she no longer have to struggle for recognition. In germany. Will go that say europe today with the latest from the world of business from zero find us on Facebook Follow us on twitter underscore business on there as well helena stay home for it is my handle more Business News coming up in the next hour for now thanks for watching and by. Weve. One the man is in the jungle. Says the eleven. From the absolute. The best the sky. Seeks the sun. The pits the business. What drives the economy. To see a cultural. Legacy made in germany always has its finger on the pulse. Of the market the ledger. Elite spoke to me. Made in germany in sixty minutes delivered. Losing your homeland because of persecution. Necessity finds people found a new home in a foreign land. With their stories books and music theyve built bridges to the past. And future. After the. Starting december seventeenth on t. W. Images from an isolated country images from north korea. Tell us a time or for captured fascinating shots of everyday life in a regimented society. The north korean dungarees starting december twenty eighth to dublin