I dont want to deal with money. That was u. S. President donald trump responding to a question on trade talks with china and this is your Business Report im so you can be in berlin its good to have you with Us Donald Trump once again casting down his trade deal with china saying tuesday he chose to cancel last saturdays planned meeting between both sides an advisor had said that the phase one trade deal struck in january was on track but beijing is falling behind on its purchases of u. S. Goods outlined in that plan and tensions are growing elsewhere washington is singled out chinese firms doing business in the u. S. In recent weeks including ticktock owner bite dance and we chat for fun and for more on this im joined by my colleague Chelsea Delaney chelsea good to have you with us chelsea are there signs that the trade agreement is falling through and what would that mean. Well as with anything relating to the u. S. Administration theres a certain amount of rhetoric and theres a lot of different voices coming from the white house so other people within the administration have said the deal is on track trump has been a little more cagey on that he did say yesterday that he doesnt want to talk to china right now and that well have to see what happens with with this trade deal so he is sort of walking it back a little bit and there is there is technically reason for that china has really fallen behind on its on the commitments and made in january to buy an additional 200000000000. 00 worth of u. S. Goods over the next 2 years its only bought about 5 percent of the Energy Products that it said it would buy its really behind on Agricultural Products as well and thats really because of the pandemic they really cant be importing as much as they had planned to so there is a reason for that but for the u. S. Its another sort of stick to be china with right now the other side in this case been the from the trade agreement falling through probably not if we were go back to the end of last year the trade war was really damaging for the Global Economy for companies on both sides so for for china for the u. S. It would be really not great economically if they do you have to go back to a situation where theyre raising tariffs for companies are getting hit really hard on on these on these Economic Issues as well. As later would be business thank you for your analysis. Right another issue between the u. S. And china while way the worlds leading manufacturer of 5 g. Network gear and u. S. Campaign seeks to have allies around the world dump the supplier for security reasons and europe has become the focal point of that campaign and in particular germany. In the high tech city of shenzhen where huawei is headquartered 5 g. Is already a reality Chinese State television runs footage of transmission under construction hallways become the Worlds Largest network your supplier and was planning to supply its kit for 5 g. Networks around the world but the u. S. Has banned its companies from doing business with while away much to the annoyance of officials in beijing. What the u. S. Has done shows clearly that the market economy and fair competition principle it claims to champion is nothing but a fig leaf. This practice violates the rules of International Trade disrupts Global Supply chains and will inevitably damage Americas National interests and image washington is calling on the world to make a decision against china last week u. S. Secretary of state mike pump aoe turd europe and culture while wait to be banned from 5 g. Networks because of espionage fears. Europe is divided on how to approach one way some countries are lining up with the u. S. And restricting holway are not using its 5 g. s technology atoll others are using hallways 5 g. Gear and others are still undecided the euro zones biggest economy germany has so far avoided the decision it feels caught in the middle but the usa and china are important trading partners berlin doesnt want to ruffle anyones feathers. And for more on this im joined by isabel scare shes a Cyber Security and digital policy researcher at e s m t berlin isabel thanks for joining us. Should europe be concerned should europe be concerned about huawei as a Network Supplier what do you think. I think europe should think about its dependencies in the long term and in that sense yes it should be concerned about who its uses to equip 5 t. V. Networks strategically because those networks are Critical Infrastructure for the next 20 years and will determine the fate of our future industry and moreover their european suppliers who would be available as well so we might be dependent on european suppliers and chinese ones and there are also some security risks d about what way which im not completely confirmed but. A lot of us in china and the Chinese Government to take influence over to Chinese Companies and security agencies comports it but eventually to cooperate on the. Task force was a good technical points about using huawei as a supplier is that technical discussion now being torched by a larger political discussion and this tug of war between the u. S. And china. Yes its a very political discussion its also a geopolitical discussion china and the u. S. Are basically fighting over dominance geopolitical dominance in the world the u. S. Is certainly also an initiative to preserve its 1st position in the global game so to say so europe now caught in between really needs to find its own position geopolitically it as well as into industrially. Focus is really falling on germany can berlin really afford to sit on the fence on the fence rather on this issue for much longer. Now theyre going to absolutely not afford to sit on the fence it has to take a decision it needs to act together with its european allies and partners because so at National Decision will not have as much weight as 8 european position this is why the European Union has already initiated a strategic process last year that germany is part of and that sends germany now it needs to not only make a technical decision about technical security of networks but also position and south in this larger geopolitical debate. On the basis of its value that its all right well have to leave it there for now isabels character with empty berlin thank you very much for your analysis thank you. Lets take a look now at some of the other Global Business stories making headlines amazon is planning to create 3500 jobs in the u. S. After doubling profits in the 2nd quarter the online retailer and Tech Services firm is looking to recruit engineers specialists and administrators 6 of the u. S. Hubs will also be modernized as part of the 1400000000. 00 expansion. Colombia has resumed domestic air travel after a 5 month coronavirus pause president evo agreed to passengers arriving on one of the 1st flights strict hygiene and distancing rules have been forced to allow the reopening pandemic has cost Latin American Airlines an estimated 4000000000. 00 u. S. Dollars. Chiles g. D. P. Tumbled more than 14 percent in the 2nd quarter compared to a year earlier after the pandemic weighed on Economic Activity manufacturing Construction Hotel and restaurant sectors were among the hardest hit branches one bright spot was the Mining Industry which was bolstered by a growing demand from china. Germanys largest power producer has launched an Online Auction for one of its bucket wheel excavators the largest excavators of this type rise as much as 100 meters high and weigh 14000 tons. Has pledged to phase out Coal Production by 2038 and is now focusing more attention on renewables. Its been 3 months since greece reopened deters them one of its most Important Industries sector accounts for a whopping quarter of g. D. P. With 33000000 visitors a year in a normal year 2020 has hardly been a normal year. So retiring to santa rini. Sparingly normally the alleyways afula this time of year but this summer many who remain closed there are few guest from the u. S. And china and most of the lucrative wedding receptions have been postponed until next year photographer dimitri is getting a whole new perspective on harland experience something unique here because. Were sitting here for 10 minutes and nobody. Used to. Have that cup this year and they were waiting for queue to put the suit many local businesses have already written the season off for the tourists themselves the situation is relaxed. Its a strange feeling to be here and normally its probably. Its great as well to cry out. Fantastic. Its safe to holiday in greece thats how prime minister. Advertised the country back in june and he promised extra doctors for the island the Public Hospital in santa really has 5 new Health Workers and several intensive care beds luckily they havent been needed so far the left will mean. We have been tasting here since last month doing molecular analysis you get the results back in an hour. The mood is mixed among hoteliers helen runs an exclusive hotel which our family has owned for 30 years none of our regular guests have come yet she also sees the coronavirus pandemic as an opportunity a chance to rethink tourism want it back for a couple of years for sure at the levels that they where so they should maybe concentrate on their farming and on the winds and on Something Else to make their economy more sustainability especially under any. Sustainability is the big theme right now in santa rini the Popular Island wants to limit mass to resume including cruises. It has Just Launched a new eco program. We hope in a couple of years were going to be. Free plastic free. Completely free from plastic. Were going were going not to use anything that is plastic. And even if we use it were going to recycle it. People on sun to really want to steer to resume new directions but for the time being everyone just hopes the in fiction figures remain as low as they have been among locals on to the wrist. And thats your Business Update to check it out online for more d. W. Dot com slash business im seeing theres lee thanks for watching. Combating the corona pandemic. Where does research stand. What are scientists learning. Background information and. Our corona. 19 special next on d w. That 77 percent. Are younger than 6. Thats me and me and you. And you know what time all voice is. The 77 percent. This is where. The 77 percent this. Weekend on d. W. As the world focuses on fighting off a virus and you dont leith rate is emerging. Lockdowns around the world have led to labor shortages supply Chain Disruption and a reduction in International Trade. The result less of a little food. And less money to pay for it. Is a deadly combination and weve got to egg now weve got to be smart and weve got to thread the needle you cant you cant just deal with code by itself or hunger by itself they must be dealt with together if we do it right we can save lives if we dont do it right people would do. The coronavirus and world hunger one crisis is fuelling another. There are warnings the world is on the brink of a hunger pandemic have a 1000 is threatening to push millions into starvation oxfam says combined with conflicts inequality and a Climate Crisis the pandemic has shaken a strained food system n. G. O. S says if we dont act now up to 12000. 00 people could die per day from hunger linked to the crisis before the end of the year the message from poor communities around the world hunger may kill us before corona well lets start by bringing in rob voss from the International Food policy Research Institute in washington d. C. Whats the world got to do to save