A clever solution for cleaning up oil spills and pollution at sea. This is your Business Report im Stephen Beers in berlin good to have you with us the u. S. China trade war escalated over the weekend with both sides lobbing fresh tariffs on the others exports and no trade deal in sight the United States is now imposing levies on a dish on an additional 112000000000. 00 of chinese exports while beijing is countering with retaliate toward tariffs on 75000000000. 00 in u. S. Goods. Smart speakers headphones and shoes are among the chinese exports likely to be made more expensive through the u. S. Tariffs beijing meanwhile will hit u. S. Crude oil with a 5 percent here now thats the 1st time the quantity has been targeted in this dispute and of course this isnt the end of the levies the u. S. Plans to raise tariffs on 250000000000. 00 in chinese exports to 30 percent from the current 25. 00 and in december a further 15 percent tariff on chinese cell phones laptops and close that would mean that virtually all made in china products will be subject to tariffs in the u. S. Now take a listen to what donald trump had to say about the latest escalation. We are talking to china that meeting is still long as you know the depth there that they havent yet we havent well see what happens but we cant allow china to reply so that it works because we cant go out. And take 500000000000. 00 a year out of our country we cant do that. Now for more on this lets talk to our financial correspondent in frankfurt only bards whats the reaction so far. Well here in the market its surprisingly benign the message from the terrorists will be sending ripples of fear through the middle ston tear in germany through industry throat europe and asia but here in the markets its a relatively calm reception docs in fact the market barometer for german shares is treading water elsewhere in europe in england for example or in italy their shares are in fact going up and in asia. Very center of where this conflict is also located youre actually seeing shares higher and shanghai and thats part of the message too because theres such a moderate reaction there was a very positive news from the chinese economy from the purchasing Managers Index that sort of. Mirrors the sentiment and industry there and business and thats helping to medicate the effects of this. The reaction is so mild today should we assume that that means that theres an optimistic outlook going ahead briefly if you can. With many people there is talk to a Capital Market strategist this morning and said look at the shares here theyre not signaling a recession theyre signaling were expecting this to come to some sort of solution donald trump we just heard theres a meeting in september people are looking at that in the markets and theyre hoping of course that there will be a positive outcome they know you never know with donald trump but there are a lot of people sitting on piles of money the stratus the said if it comes to a good end all right lee bars in frankfurt for us thank you. Now lets take a deeper dive into this with gabriela hes president of the kill institute for the World Economy here in germany thanks for joining us my 1st question Consumer Spending as weve seen leave last week there was a very very strong numbers about Consumer Spending in the u. S. Do we really believe then that these new tariffs which are focused so much on consumer goods will change american behavior. Well we should not forget that the chinese currency has depreciated some 14 percent since april last year and so imports from china of toys fold. Tax thousands on have actually become cheaper and now we have those tariffs that make them more expensive so a net the effects are likely to be very very small and that i think explains the positive Consumer Sentiment in the United States to some extent now looking beyond the u. S. And china how tariffs like these affect other economies like the e. U. Mexico canada maybe. So there is certainly a fear factor you know we see that when the donald trump talks about tariffs hes able to act and impose those tariffs and that imposes a lot of uncertainty on everyone investors hold back with their decisions exporters think twice before the engagement of big contracts so this uncertainty affects everyone including chairman exporters to hold in particular to the United States of course but on the other hand there is an upside because if you know the americans lock out chinese goods from their markets that might be an opportunity for european producers so think about the why conflict ericsson and the ok who are paying kompany might sell more United States with well why swap it out so again its an big was situation for certain products certain firms trade war actually provocative but unities but for most of them its more than a risk its more risk. Were trying to lose his reelection in 2020 how easy would it be to undo everything hes done with trade at this point. You see i think the key factor here is really uncertainty trade policy that has been assumed to be stable for many many years has become a source of instability and that will be very hard to be undone we see that the trade policies used viably in many more countries not just the United States and so the genie is out of the bottle if you like and any and you press and United States will have to spend a lot of Political Capital in a lot of time to get the cine back into it so we have to expect more trade pauli central uncertainty even without a u. S. President trump very briefly is china likely to be persuaded by these tariffs. Very hard to say everything depends on the political costs of those tariffs and therefore the time being we must say that the Chinese Government has engaged into a fiscal stimulus you can use the currency to buffer the negative effects of those of those tariffs if really the economy takes a big hit that bigger hit than what we have seen so far then i guess there is there will be more flexibility from chinese side. President of the kill institute for the World Economy thank you very much and welcome. The amazon is a commodity and then the engine of Economic Growth and thats according to brazilian president. His words of encourage loggers and prospectors to push further into the region at the expense of Indigenous Peoples more are now organizing to protect their lands. The villagers calm times have nice on the lookout for signs of trespassing in the last rain forest they call home. This is what Environmental Monitoring looks like in some parts of the amazon. This is one of 7 bases installed across the men pregnant terri Indigenous Territory in the state of pyrite in northern brazil locals here say a lack of inspection by Government Agencies is forcing them to conduct their own operations to stop loggers and perspectives from encroaching on their land in the past brazils president shire both scenario has described rain Forest Protection as an obstacle to the countrys Economic Development many here fear that such comments are emboldened and businesses to disregard environmental protection. You see you can hear this team discovered this bridge during an inspection that took place a month ago were monitoring as. It stretches it kilometers along the biological reserve. On the other side of the river fortunately the team found it before the law has begun to remove the trees i dont. Suppose they hate you know that you might be at the patrols are taking place as the future of the amazon increasingly becomes the focus of International Attention last month footage showing large swathes of the rain forest in flames went around the world. Brazils president accused environmentalists obsessing as a lights on purpose they in turn say their leader is turning a blind eye towards protecting the environment and the life of the hoods off indigenous people. Argentinas government has introduced restrictions on currency trading parvin effort to tackle a deepening financial crisis the move Means Companies will need to seek permission from the central bank to buy foreign currency and make transfers abroad concerns of argentinas ability to meet its dollars in albany that debt obligations last month prompted rating agencies fitch and standard import to downgrade the countrys sovereign debt rating. Now when oil spills at sea the cleanup usually involves oil booms floating barriers intended to contain the slick from spreading of course that doesnt always work especially in high seas now researchers have come up with a new idea. The sinking of the freighter ground america after cut far off the Atlantic Coast of france in march was an environmental disaster heavy oil leaked and due to bad weather it was only possible to contain part of the kilometer long slick. Following accidents like this hold her own but how and from trace and Technical University and his team decided to look for ways to make oil spills harmless. Socalled oil booms only work during good weather during rough seas the oil splashes over the booms. As i made toward and think weve developed a method to absorb oil and in the oil binders can be deployed by plane or helicopter even in bad weather or they can then be used to absorb the oil so the oil binders are made of absorbent wood fiber the procedure was developed in cooperation with researchers from the university as of rostock and leipsic and its incredibly simple the wood chips are thrown on to the polluted water and begin to absorb the oil after a few hours that oil is completely absorbed and no longer a danger to marine birds the procedure also works in conditions like those found on the high seas the oil burners have been tested in a way of what the university of rostock after nearly 4 days and artificially created oil spill was completely removed. It was meant as a sort of does and the moment this is done is being tested in the baltic sea as a kind of model region there we can really show how well it works and train employees on how to use this technology and we hope that in the coming years it will be deployed in other regions of the world and thats more than in a city on does on the battlefield and thats and there has already been interest from iran the persian gulf is home to the Worlds Largest crude oil and natural gas reserves no where are more oil tankers on the move scientist of on iraq is from tehran and is working together with the drapes and researchers oil eating bacteria on the wood chips help speed up the cleansing of the water surface. Water is 47. 00 times more polluted than the average of. A load and see whats what and the water of pairs involved. With deciding mating to produce thinking water for people in your own so it makes it very important to purify and to plan to clean the water from de petro dont trace. In the baltic sea the researchers have shown how the oil burners are deployed by plane and later collected again in a few years the technology could be a standard procedure and a lucrative investment for the developers. Thats there for us thanks for watching. And im game on the ground news delusions on a spokesperson still Vice President based elicits a lot of Climate Change the return of. Only incentives check out. The full 1st day of school in the jungle. First post span doris crane moment arrives. Joined on her journey back to freedom. In our interactive documentary. Coming into and returns home on dot com. You know an act an ox odyssey has brought him here a Police Station in tokyo hes hoping to file a missing persons report for his children the police arent keen on reporters. Could you stop the recording please here in this field. Man he owns a wife abducted their 2 sons. But 3 hours later nothings happened yeah its an attack we havent filled out any forms or reports on us and its and they just gathered information and called their boss to ask what to do thats cool for music dying folk and so on. This was once home but no longer. Your own act and has since moved to berlin. From the family lives here. Now the house holds nothing but memories. His wife went back to japan taking their children with her. John has just returned from tokyo hes been there several times before but still hasnt managed to find his children the syndicate saying get these are the presents i took with me to japan