Ross getting 200. 00 people around the world. More than 300000000 people are seeking yes. Why . Because no one should have to flee. Make up your own mind. W. Made for mines ah ah, another controversial deal, and this time berlin tends to give its thumbs down. The German Government is likely to block the sale of a maker of semiconductors to a chinese investor. Will tell you whats behind that. Also coming up, the u. S. Is throwing millions of dollars of public money towards makers of electric car batteries and the e. U is crying foul will have more of the latest trans atlantic trade dispute. Im chris cobra. Welcome to the program. Germany. Chantelle all of scholes is just back from a bridge building trip to beijing, but the debate over the sale of critical german infrastructure to china. Well, it continues, the German Government looks set to block the sale of a chip Production Facility owned by the door, one based Company Almost to sweden, silex, which is a unit of china, us side group. The german intelligence servers had warned, of security concerns, but initially it looked like the sale would go ahead, especially after Mister Schultz pushed through the sale of a almost 25 percent stake in a hamburg Port Terminal to chinese shipping giant costco. Now the Company Looks to sale looks like it would be prohibit it did every business reuter cassandra son is here to give us a more insight. Cassandra, tell us more about l moss. This chip maker. And what exactly is at stake . Well, youve outlined it pretty good so far, but let me elaborate a little bit. The drama really does start last year. At the end of 2021, it looks like the sale of this unit endorsement in the west of germany is going to go ahead and the company had announced his intention to sell the production of the so called wafers endorsement to silex for a total of about 85000000. 00, but this Swedish Company was owned by the chinese side group at the time. Almost management was saying that it was pushing for the sale because it needed an outside investor to secure the future of the site. And it was under these conditions then initially it looked like the Economy Ministry was going to approve the deal. And for once the chancellors and the Economy Ministry seemed like they were on the same page. But now were getting news that are, that might not be the case and out tomorrow we could get an official decision that its being reversed. The government, speaking with one voice, certainly a good thing. Why would the government block the steel when it just greenlit the sale of or, or when it allowed costco to buy into a terminal at the hamburg point . Well, it might actually be because of that deal. There was a ton of pushback as the deal kind of got revise and move forward last week. And it might just, frankly look bad for berlin to look like its giving another thumbs up to another deal involving china to are involved with what some may call critical infrastructure. So this might be a situation where because i deal with so controversial politically, both internationally. The us even weighed in a little bit and domestically that this deal with silex and almost made her get the get the job. We have to say though, that a final decision has not been made public, yet the german cabinet, the got, the cabinet is likely to decide on wednesday on that cassandra santa dw business. Thank you. 738000000000. 00. That is the massive size of the Inflation Reduction Act with it. The Biden Administration in the United States, ones too, among other things, boost the production of electric cars and batteries. My brussel says those benefits for you as car makers put their european competitors at an unfair disadvantage. U. S. President joe biden is on a last Minute Campaign tour in heavily contested districts trying to head up democratic losses in tuesdays mid term elections. And he talks about the issue most on voters minds, inflation. We also know folks are still struggling with inflation. And so our number one priority, thats why with my child from scratch off, i shot Inflation Reduction Act to bring down the cost of everyday things. We talk about around the kitchen table, but the act is raising eyebrows in europe and asia because it includes a 7500. 00 tax credit for americans who buy an electric or hybrid vehicle. But only when it rolls out of a north American Factory with domestic batteries. Its no problem for tesla g m or ford. But its a big problem for manufacturers like toyota, hyundai, and b, m w. The german car maker has 8 electric and hybrid models, but only the 2 it makes in north america qualify for the tax credit next year. Like cars made here, and its spartanburg South Carolina plant, but not the ones it makes in europe. Its america 1st, at its worst, critics say, the american Inflation Reduction Act ease a matter of concern, not only for phones on germany, but also for all european countries. So we need to work on the adequate your pan and responses to this american Inflation Reduction Act which might jeopardize to different thing field between of 2 continents. European officials threatened to take retaliatory measures against the United States on monday, calling the subsidies contrary to World Trade Organization rules. To avoid a tit for tat trade war, brussels and washington have set up a task force to try to hammer out a solution. For more than one for more on this, lets bring in the w corresponding jack power can brussels and simone a minute, choose the president of the American Chamber of commerce in germany. Welcome to both of you. Similar. Let me start with you a massive Subsidy Program that might cause european manufacturers to lose out on a growing market and your people should be up in arms. Well, i would be not so alarmed because there are talks and i think the act as such has a good purpose. But maybe there were some mistakes in how it was finally fond of formulated. So correction would be necessary, but more now a war jacket. Let me cross over you to brussels. The French Economy minister bruno, the mayor says, europes industrial future is at risk here. That doesnt sound quite concerned. How worried are you officials . Yeah, they are pretty worried. We 1st got a mid meeting of you, a ministers finance ministers of the you here in brussels today, and weve had some pretty strong comments val just on broadcast, whos the sort of european commissions trade chief. He was talking about these as district discriminatory provisions yesterday. We heard Christine Lynn or the german finance minister talking about the potential for a trade war. The language is very, very strong around this issue. The europeans are really, really worried about what this means in the heat of the mid term elections. The Biden Administration is very keen to show theyre doing everything they can to try and reduce inflation. But thats also a concern for european ministers in european governments, as well as who were seeing inflation skyrocket in the euros and, and all across the European Union as well. So theyre making quite strong statements at the moment, but what it looks like and what weve heard from the treasury in the u. S. Janet yellen pretty much saying that theyre not gonna change this, that the Inflation Reduction Act in the u. S. Is there to stay as though a leaders europe are concerned simona back to you . And what does this mean then for your german Member Companies that are doing business in the United States and hoping to prosper there in a, in a growing market. Of course, our german members want to prosper and to and be part of the trans atlantic trade. And that is what the us, what the American Chamber of commerce is for chance atlantic trade. So what we need is good agreements that we have a Mutual Partnership that we have a chance atlantic serenity and more protection isnt. On the other hand, i think the wording which the political leaders use at the moment very, very strong. And its not necessarily there is a trade and techno tech, no technic entered trade council. There is the g 20 summit. These are good locations to talk about. And look for corrections and not immediately talk about war or counter action, because that would not help anybody. So not our members, not the u. S. Companies, not neither the us nor germany. So same on a brief terms. What are the mistakes that need to be corrected from your point of view . Well, i think its very important that we look at the protectionism, which is world for batteries, for example, also for hydrogen. And you should live think about biotech, pfizer. So good cooperation between europe and us can prosper both, so dont close and that is what the Inflation Reduction Act does and dont close out. European innovation dont close out european production. And on the other hand, we like to have Us Innovation u. S. Technology in europe, it would be very bad for both sides. If we now make a barrier between the 2 of us, they want a mina, head of the American Chamber of commerce in germany and jack, paris are correspondent and brussels. Thanks to both of you. Thank you. Now, this massive Inflation Reduction Act is also meant to give farmers in the u. S. A. Break to support them through economic a tough times and help them shore up their business against the impact of climate change. Todays mid term elections in the United States will show that plan has been resonating in rural america. O, across the american midwest, farmers are wrapping up their harvest. But its been an unusual year. The story of agriculture right now is really 2 different stories. Economically, prices are pretty good for commodities gone and so i mean capital kind of go up and down. But our expenses have climb tremendously. American farmers have a lot going on from rise and commodity prices. You have tension of policy makers and billions of dollars in federal funding with more of the cost. But the Agriculture Sector is facing a series of challenges from Rising Energy costs to input prices and money. Se, past policies are to blame. I guess what, what bothers us farmers is that a lot of this didnt have to happen. We were energy self sufficient, 2 years ago, and president biden, 1st thing he did was shut down the keystone excel pipeline up there. This area would have been a tremendous economic benefit and the cost of energy when it rises like it did, causes inflation. Those higher prices for Agricultural Products are helping offset some of their ballooning outweighs like the tripling of fertilizer costs in the past year. But farmers expect their spending to blow past their revenue for the farmers struggling the most help is on the way. As part of the 700000000000. 00, strong inflation reduction ass signed into law by President Joe Biden earlier this year. More than 3000000000. 00 in aid is going to indebted farmers. But despite the name, what the democrat lead bill is really meant to do is battle the climate crisis. Spending a further 20000000000. 00 to supplement existing conservation efforts to make farms more sustainable in the long run. But brandon wife says farmers like him have little time for the political back and forth. The American People are especially are politicians. We think in 2 and 4 year election cycles, well out here, im thinking in decades and generations. Its through that big picture lens that these farmers will make their choices. Whether at the polls or on their farm. T w is janelle de malone reporting there from South Carolina, and that wraps up our show for now. For more check out a website at to t. W dot com slash business or the w news, Youtube Channel press colburn, berlin from me in the entire team. Thanks for watching. Have a successful life about underground here, microbes. Keep our ecosystems healthy teams of research or is now want to create these tiny organisms artificially to help restore soil words. Natural balance has already been destroyed. Are artificial microbes really the answer to morrow to day on d. W. Weve got some hot tips for your bucket list. Ah, no magic corner chat. Hot spot for food. Chat and some great cultural memorials to boot. D w travel off we go. In the 1950s families in the us work, the land so intensively that the soil erode it. Years of drought resulted in millions of tons of it being blown away. The effected regions with dubbed the dust fell