Remains hostile. And will show you how smaller travel destinations are responding to the sudden bankruptcy of holiday factor thomas cook. This is your Business Report im Stephen Beardsley thanks for joining us the World Trade Organization has given approval to the United States to impose tariffs on European Union goods worth 7500000000. 00 in response to legal e. U. Subsidies for plane maker air bus thats according to sources close to the w t o. U. S. Plans to levy tariffs on european aircraft in Aerospace Parts as well as wine cheese and luxury goods the decision is the latest in the 15 year old trade dispute with the u. S. Accusing europe of subsidizing air bus and the e. U. Accusing the u. S. Of subsidizing plane maker the plane makers biggest rival boeing. And lets bring in our financial correspondent in new york jose luis to haro was is there was a could this open a new trade dispute between the u. S. And the e. U. It seems to be decays ids point especially stephen even determined to ministration goes ahead with its strategy as has been reported trying to implement what its known as i approach what these they mean basically is a response designed to increase the negative impact of those targets against the European Union under these kind of retaliation by country in this case the United States regularly shift around to tell you did the goods of those. Same time increases uncertainty and pain over the receiving it won in this case in europe by rotating around instead of choosing a detail at least all products could try to heat up broad the range of industries but as i said this is not a done deal yet according to u. S. Media and ministration. To impose a duties on a range of european luxury items as you said and european aircraft and parts and of course this is taking place as the u. S. Has talked about imposing tariffs import tariffs on foreign cars that would largely hit the e. U. Do you know if the u. S. Is still considering this. So far steven trying to still has until november 17th to make up his own mind on regard and if we take a look at he said tweets and talks to the press over the last month or the threat of imposing targets with 5 percent and 25 percent on foreign currencies is still very much alive but indicate japan for example designing a limited to a deal d. Is weak serves as a way to talk all cars in later round of negotiations respective to a start next april or do you union is a still early to tell what will happen if we will see a mini trade deal that basically de lay the imposing of the possibility of targets on day on the industry by the boulder the car industry a manufacturing advocates have pleaded. To hold all of those tarps while economies tava worn here in the us down the steep toll they could take in the u. S. Economy it was a luis toro there force in new york thank you. And staying with the Aviation Industry u. S. Safety officials have accused boeing and the u. S. Federal Aviation Authority of misjudging help pilots would behave while flying the 737 max the jet model has been grounded since 2 crashes killed 346. 00 people in the span of a few months now a report by the National Transportation safety board claims assumptions made when designing it systems were wrong it says that cockpit chaos overwhelmed cabin crews during both crashes. Russia has pledged to double grain exports to venezuela to help offset crippling u. S. Sanctions thats a lifeline for president Nicolas Maduro came to moscow this week looking for whatever help he could get. Together again Nicolas Maduro needs all the allies he can get and blood in me of putin has extended not just the hand of friendship but of help. There are some people who would go its own hes very nice to be here in moscow no wonder who has pledged to boost basic Food Supplies and. The workers believe that we believe any deviance from the dialogue to be irrational and detrimental to the country posing a threat to the nations wellbeing. Still missing in. The socialist president s mind was on food rather than friends when he indicated he was ready to hold talks with donald trump. Your 30 only push. I would be willing we would be willing to initiate a process of conversations dialogues negotiations to try to establish a relationship of respect in the 1st place between the government of the United States and the power of the United States and the government and the power of venezuela. Doing this work. At the United Nations this week donald trump appeared in new move to talk i dictate im a duro is a cuban puppet protected by cuban bodyguards hiding from his own people well cuban plunders Venezuelas Oil wealth to sustain his own corrupt communist rule listen to the venezuelans in the room were even less interested in listening prefer a biography of instead of this. In recent days the beleaguered venezuelan government has been trying to rally support for its opposition to trump this truck partly loaded with some 30000000 signatures collected against the u. S. Blockade the latest attempt to shift attention from the suffering of millions. U. S. And china are set to begin a new round of trade talks in early october 13th since the u. S. 1st place tariffs on china last year in the run up to the meeting both sides are trying to show good faith. Agricultural goods including pork have been at the heart of the us chinese trade spat for over a year after china impose tariffs on u. S. Imports trade went down leaving American Farmers scrambling in search of new markets now china is back as a buyer. Recently both sides have to split some good will for example the u. S. Side has waived tariffs on many products and so on the chinese side we are willing to buy more products that are needed by the Chinese Market we hope both sides can take war enthusiastic measures get away from the pessimistic language if both sides do this talks will not only resume but they will yield results. U. S. Farmers would appreciate that and things are looking good chinese firms have already ordered considerable amounts of u. S. Pork in a sign of a potential breakthrough also of course because the country is facing a severe shortage due to the spread of african swine fever that has ravished local suppliers. Lets take a look at some of the other Global Business stories making headlines. France is cutting the tax burden for families by more than 10000000000. 00 euros next year and its urging germany to follow its lead with fiscal student stimulus to bolster its flagging economy french fry and french finance minister said the European Central banks latest monetary easing created an opportunity for governments to invest more. Leading east cigarette maker jewel labs has announced a change in leadership and pledged to suspend advertising in the u. S. After recent regulatory backlash follows the deaths of 9 people from a mystery lung illness mostly linked to vague being illegal black market cartridges containing t. H. C. The primary active ingredient in marijuana. The sudden bankruptcy of British Travel from thomas cook has shaken the travel industry Smaller Hotels airports and destinations are now facing a sudden travelers and mounting bills thats leading some to reconsider their business model. Thomas cook sunny logo will soon disappear from the sun connect resort in fact. Its been a thomas cook Branded Hotel for 6 years but its closing its doors this season a month earlier than usual and getting ready for major changes unfortunately local youths go on. Less customers. Back to safety on their hollows. Take. Our heart is broken the hotel is now looking for new Business Partners and many of its repeat guests from the United Kingdom are concerned. I think thats that worries that theyll put the prices right up. So that it makes out reach of people that would normally come. The manager of the hotel is also worried thomas cook still owes the hotel 350000 pounds a debt that may never be repaid. Get it and acknowledge it if what can be done to compensate for these payments previous experience has shown us that we can never recoup losses from bankrupt companies and many erotic. Here at the donovan airport theyre working overtime to help stranded b. K. Shinners return home they expected to take almost 2 weeks but the airport managers believe thats when the real problems will start. Thomas cook brought 400000. 00 tourists a year. But after the sudden bankruptcy with 70000. 00 less tourists are coming this season its not just bad for the airport its also bad for Tourism Partners in the region the airport is considering shifting away from the Charter Airlines the Package Store companies rely on and focusing instead on increasing the number of individual tourists to the region and to many hotels are likely to follow suit as the fallout from the thomas cook bankruptcy continues. And thats it for me in the Business Team here in berlin you can find more all new stories online at www dot com slash business im saying theres a lets watch. Did you know it costs 0. 50 to feed the hungry child for one full day. The fee for coffee. With a share of the meal you can share with children with just 0. 50 and a tap on your smartphone together. Please download the app. To take one step further. And face the possible. Here on this side of love really tough to search the on the fire for the troops out of the for. The 1st time to over come on trains. And connect the world. Times from our. New debit is coming up ahead. Finds. The fall of the berlin wall become long before november 19th maybe not. The physically heroes ago beast or girl. We talked to blues began the struggle for freedom. Or see courage for all that no good but post coital gone no telephone call from most of you know youve been in the courtroom we employed the wall to wall didnt surprise me i saw it coming 10 years before but sure it doesnt feel much. Good does it take to change the course of history. Raising the iron curtain starts september 30th on t. W. Hello and welcome to arts and culture well its the worlds best known Pedestrian Crossing the zebra stripes that abbey road in london immortalized on the cover of the famous the shoals album and its 50 years since the albums release and so well look at whats happening to commemorate that date and heres what else is in store. For american artists tom sachs has a major retrospective on in germany with the spotlight on his stop tourists and his d. I. Y. That. October fest is in full swing and we stopped by that these and in munich to check out one of the oldest attractions there the szish turn variety theater marquee. Well it was exactly 50 years ago on thursday that the iconic beatles album abbey road was released and people were celebrating today in london to commemorate an album that many people feel was the greatest. Back in 969 it shot to number one in the u. K. Where it proceeded to spend a total of 17 weeks hit songs that still resonate today. And my colleague Melissa Holroyd has joined me in the studio thanks for coming in melissa to tell us some more big occasion for music fans obviously