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Day. It will. Cause a lot of damage to our steam and medium industry. Exports to the United States cannot be seen as a threat to their internal security to seeing your trading partners impose tariffs on your motorcycle industry and your bourbon industry on your jeans industry to be polishing americas closest allies risks setting off a tit for tat treat dispute the work for its business oafish moved by President Trump but he did this with mexico and its selfish and its also stupid and we must not stand for it because we all know what happens with bullies if they get their way they keep on harassing. Also coming up tonight today italy finally got a new government three months after the election the word on the street in rome watch out. Its not true that they want to distance us from europe. And i think they want to fundamentally reshape europe on the mentality that. I think theyve made promises that they wont keep. What chaos i hope they really are united. Or we begin the day with the United States playing a dangerous game that is how the European Union today describe u. S. President drums decision to slap trade tariffs on european steel and aluminum europe warned that a tit for tat tariff attack could come later this month today the European Union asked the World Trade Organization to get involved now this is the closest thing that global trade has to a court of justice but its wheels they turn slowly and there is no one forced me the European Unions trade commissioner today refused to call this an all out trade war saying that psychology and words matter a lot when she made her point by applying trumps Winning Campaign slogan to his tariff policy she said when they say America First we say europe unite. They began this morning at six am Central European time twenty five percent import tariffs on steel ten percent on aluminum the European Reaction is clear. It is unfortunate because this is further weakening the Transatlantic Relations and it also increases the risk of severe turbulence is in the markets globally protectionism can never be a solution and this will hurt jobs here in the European Union but also in the u. S. The e. U. Has launched an official complaint at the World Trade Organization. They want to introduce Counter Measures like tariffs on u. S. Products for example bourbon whiskey motorcycles and jeans worth some two point eight billion euros e. U. Member states are meeting next week to decide on the exact list many economists agree with the measure europe as a very big economy and a very important market for u. S. Products has a lot of influence and thats why its right to show the u. S. That they cant just do whatever they want the e. U. Must use countermeasures to steer the process in the right direction. But its those who are affected most who are speaking out against new e. U. Tariff son u. S. Products or taking other measures the German Steel Association fears that it could lead to trade barriers and economic damage. At the top that weve been talking about all week im joined tonight again by my colleague indeed of the business anchor helena unfree well now one of the chorus of condemnation it certainly is not limited to europe when were talking about a trade war today the world renowned economist Jeffrey Sachs we know is an american he wrote an opinion piece entitled trumps in the same trade war and here is an excerpt he writes harming our closest allies in provoking retaliation cannot possibly deliver higher wages better jobs or an improved trade balance trumps. Latest notion to slap tariffs on german automobiles would be even more damaging geopolitically trump creates chaos for no reason other than his own flagrant inability to follow the rules or respect the interests of others he his is a psychopaths trade or. Ards strong words assuming that Jeffrey Sachs is correct one should europe take this terrorist dispute to the w t o because there is no reasoning with psychopathic behavior is there and the European Union knows that and it will not try to do so today the a used trade chief says he among them said that if they present us with America First we will show you are united and thats what its trying to do by going to the w t o its trying to say on one hand we are taking action but we are still operating within a Legal Framework were not engaging in psychopathic behavior centrally to you and this is rather ambitious it seems that the European Union is trying to teach the u. S. President a lesson almost talking back to that Michelle Obama quote of when they go low we go high. It wants to showcase multilateral multilateralism whether that will be effective whether the u. S. Is listening and is scared as you know is a completely other different yeah i mean its interesting you can prove a point that the end of the day or does it matter if you are still losing jobs what a belt europe slapping tariffs on u. S. Goods that did not happen today it didnt happen today this will be interesting because the European Union has already drawn up a ten page list of products that could slap tariffs on the way stereotypical and therefore symbolic u. S. Products that we spoke about him so much but you know blue jeans Harley Davidsons and whiskey cigarettes sweet corn and the like now what has to happen now is that every e. U. Member state has to agree on which products from that list and to what percentage here is where they could be the potential rub and potential for discord in the European Union france for example is furious french president and i knew would not call rang up a president trying to communicate that today france will want to play hard for germany on the other hand knows that if this escalates to tit for tat measures the Auto Industry could face punitive measures and of course that would hit germany very high. God said let see except you know the friends france and germany can agree on where to go from here europe today also targeted china and i think that caught a lot of people off guard the e. U. Is taking china to the w. T. Over intellectual property violations now do we know what first of all what does that have to do with the us terrorists and why nailed for why now indeed i mean intellectual property for example and its that has long been recognized by economists to a certain extent this is the European Union trying to show that it is not taking sides in a global trade dispute that is not discriminating between the u. S. Or china again its that symbolic move if you look at multilateralism us going to. Theres also the sense at the moment in this trade dispute that if it you know if the u. S. Is treating china in a way that it should be treating the e. U. Its treating its economic photo perhaps more as its friend whilst the European Union is and as well as china there is the picture that mexico all the ones that are really having a hard time right now all right well what we could has been telling them and you will die with this every step of the way Helen Humphrey from our business desk thank you. For your friday was a day of political change into southern european capitals in rome italians finally got a new government three months after the election Prime Minister just set break on tea and his cabinet were sworn in amid lingering worries that their intention is to lead italy out of the euro zone. In the end it all happened quickly the cabinet of italys new government has not been sworn in the coalition of the far right lead and populist five Star Movement is led by Prime Minister Giuseppe Conte who is not affiliated to a Political Party one of his deputies is legally dead. I swear to be faithful to the republic to loyally observe its constitution and laws and to exercise my functions in the exclusive interest of the nation. But of course the new minister for european a fat as paolo savona is a staunch critic of the euro and of germany and has described the common currency as a german keiichi it was his proposed appointment as finance minister that led president said you know matter and to veto the coalitions first attempts to form a government. And to be ok its not true that they want to distance us from europe. I think they want to fundamentally reshape europe on the mentality that. I think theyve made promises that they wont keep. What chaos i hope they really are united. Paolo gentil only is now handing over official g. T. S. To his successor contained in the coming week the chamber of deputies and the senate are expected to prospects of confidence in the new government. And our correspondent barbara visual is on the story for us from the italian capital good evening to you barbara so we end the week with the two parties in power who at the beginning of the week had collapsed what are we looking at in terms of domestic challenges that are facing this coalition and i dare say a coalition of novices. Where to start really brant because its really has a sea of troubles consistently high unemployment in the south their regions was fifty percent youth unemployment is under finance Education System that doesnt work really for the modern world you have a Health System thats not functional you have a crowded jungle in the country you have corruption you have organized crime or the good old the mafia you have just everything that is dysfunctional and Public Services and so the government basically would have had its work cut out however we havent yet seen a plan which one of these areas they want to tackle and particularly how they want to do this bob or we know that both of these Coalition Parties these populist parties they made a big deal about the migration crisis in their campaign so what can we expect now in terms of policy. In this in this particular issue is really the only that is pushing the still of the five Star Movement to the right because the five stars that sort of like a rag bag mix of all sorts of leftist and anarchist and whatever sort of independent independent movements but the lay guy is really a fighting force of hard right hard right Political Movement and particularly Matthew Salvini the leader of the labor is going to push this government to the right is much as he can he promised that he would raise the roma camps around the italian capital he was fantasizing about segregating train carriages on the racially i mean on the metro in milano he says that he wants to spend five billion that the country uses to sort of cohousing and take care of migrants for other purposes and so on and so forth he really wants to make peoples life hell here and he also said that he wanted to deport half a million of those migrants back to their home countries so thats the whole intention off of what he wants to do as interior minister yeah exactly and in terms of having a plan it sounds like he does have a plan and the question is will he be able to follow through on any of these ideas. It within the country he can do a lot you know he can set the police up by out against migrants he can sort of poison the public atmosphere because italy so far was relatively left of the tolerant and less if it were to these people he can really make their life hell he can put them in camps i mean there are many possibilities what is really difficult however is to take them out of the countries he cant just collect two hundred fifty nigerians and send them back to lagos we know that is not working so with that particular thing he is probably going to run up against the wall all right of course on the border of a small. Story for us tonight in rome or brazil always thank you. Well now to madrid today Prime Minister Mariano Rajoy lost a no confidence vote in Parliament Making him former Prime Minister just ahead of the vote mr roy conceded defeat and he said the it had been an honor to lead his country will be replaced by socialist leader petro songes who pushed for todays vote after roys center right Popular Party was linked to a Corruption Scandal. He is the man of the hour Pedro Sanchez has achieved his goal of ousting his old foe marianna. The socialist Opposition Leader was a driving full was in the campaign to oust him. So hes going to be needed are you ready to resign here today. Resign today and leave by your own will and it will all end here if. It finally came to an end for a boy and now sanchez said to become spains new Prime Minister from economics professor to governing the country some just journey to the top has been extraordinary twice he suffered humbling defeats in National Elections while Opposition Leader in two thousand and fifteen and sixteen he was forced to resign after a bitter standoff with the toys Peoples Party sanchez made a comeback in two thousand and seventeen determined to turn into a high over the major Corruption Scandal within his conservative party his time in office is likely to be turbulent as he works through a new Political Landscape in spain. See him do it others will tell you i am aware of the responsibility that im taking on during such a complex moment in the politics of our country what i can say is that besides being aware that im going to tackle all the challenges that our country faces with humility and give it my all to modernize our country. But. Now he says hell lead differently with a socialist terri and europe friendly government all policies his supporters are looking forward to. Im so happy. Because weve thrown the mafia out of government. They have stolen it from the spanish people for thirty one dollars or by the way. I hope the new government progresses im from pajamas and im so glad so you couric forty. We had to do something we couldnt continue like the. Changes may come very soon sanchez could be sworn in by Spains King Felipe of the six as and he is saturday and will appoint his cabinet over the coming days. Well it was one week ago today that the Worlds Toughest Data Protection wall took effect and it was right here in the European Union the general Data Protection protection regulation the g d p r has been praised and criticize supporters hailing it as the new global standard forcing Tech Companies to treat private data of users as more than just a commodity and critics claim that it adds another layer of bureaucracy that can only stifle small and midsized businesses in the e. U. And it comes in the wake of the Facebook Cambridge analytical scandal which has shaken user trust in high Tech Companies information is the new all information about oz the individual is important they need to be regulated the previous regulation was in one thousand nine hundred g. T. Power is important and it will bring obligations to many of these companies and platforms to help the individual shift to some of the power back to the individual from the companies from the social platforms and they will do this through regulation. Data is the new oil my guest tonight says how we treat data will determine what our future looks like and how stable and secure that future is he is currently conducting research for his new book solomons code do well later this year its been described as a thought provoking examination of Artificial Intelligence and how it reshapes human values trust and power around the world from big ideas they are happy to welcome you to the big table the author of all of its code mr orloff growth mr growth is a global strategy advisor and the c. E. O. Of a as well as a member if i get this right of the global it. Network at the World Economic forum mr burns good to have you here on the day its a pleasure to be here so it was a week ago today may twenty fifth two thousand and eighteen the day that this Data Protection law went into effect do you think that day will go down in history as something momentous i think it will i think we are now on the starting block of some very important to go she asians between very significant economic powers around the world namely the European Union the United States and china we are looking at a Global Economy that will increasingly be driven by data and that touches on some very sensitive issues such as privacy and security of course but also productivity and the future of work in the europeans the americans and the chinese have very different approaches to dealing with data and so now we have a very definitive stance that provokes people on both sides of the atlantic as a good point you make there are so many different notions about what data is how it should be treated and yet what were looking at right now on both sides of the atlantic is a trade war thats over tariffs aimed at steel and aluminum so were not talking about david there is almost anachronistic isnt it it is look and its obviously all about President Trump playing to the base of his voters and making good on his election promises namely to take a tough stance on globalization and on what has been construed as unfair terms for america in this global regime so he is addressing the middle of the country not the two coasts we essentially have two countries with an america the coasts the elites that have benefited from globalization and those people in the middle that feel increasingly sent back because their prosperity is not keeping up with globalization yeah i mean weve heard that time and time again and im sure youve heard that in the interviews youve been doing for your your book youre in berlin right now talking to high level government officials youve done the same in washington at the white house what youve been hearing i have found the people who i have been talking to at the white house remarkably open and collaborative as we. Have approached them but it is also very clear that if the europeans think they can start the conversation with a europe style regulation regime thats a nonstarter at least in the medium term at least for this administration of course we have to see how the midterm elections in Congress Work out in the fall but at this point i think its a futile effort to start the conversation and want america to concede to similar g. D. P. Our target i mean this interesting point so if you want to get americans are with you more about data you can started off by talking about regulation right and of course who you talk to matters right id like to pull up two tweets from germanys new ford minister haiku masa because i think theyre very telling about where europe is when its thinking about the United States and see if we can pull that first one up the first tweet is mr musses reaction to trumps trade tariffs and he writes we dont understand and we reject the u. S. Decision the e. U. Is prepared to react accordingly with appropriate Counter Measures now the second tweet was posted last week when moscow was in the u. S. Capitol and take a look at it there here we see him in front of the u. S. Capitol building he tweeted in washington for talks with our American Partners and whats interesting is he says america is more than the white house. So if europe is faced with a white hells that turns out to be a dead end. Who or what are the other addresses that europe should seek in america you know look i think it is of course necessary that we continue the conversation between leaders in brussels and the National Capitals in europe and washington there is no way around that as partners we have to keep talking even when we disagree but it also is important to understand that Congress Calls a lot of the shots when it comes to trade and investment policy in america and congress could change in the fall we have to see how that all pans out i think it is very important for the europeans though to go where people live and to make a contribution there and that is primarily the states the cities and the communities and there are a lot of people there who have similar concerns to the europeans when it comes to Data Protection but also prosperity and productivity so europe could approach this by providing in collaborating with local stakeholders on providing Solutions People need. Is there are we talking about on the west east coast or in the midwest where are the best addresses were were they find the years that are most open obviously the east and west coast of very open to working with europeans europe past top notch scientists and corporations that are very valuable contributors to any Innovation Partnership but it is equally if not more important that europe dedicated to attention to the middle of the country because thats where people are hurting and this is the crowds that President Trump addressed to you and that i owe your country they deserve you doesnt insult us i want you to take a listen to what we heard from the Chinese Ministry of commerce recently a spokesman there talking about china and germany cooperating and you can notice the american vacuum in the room take a listen. She. Believed that with the support of the leaders of the two countries the potential for and hunting mutually beneficial cooperation between china and germany will be achieved in emerging sectors so just digitalisation new energy cars Artificial Intelligence and Driverless Cars the space for corporation is pretty broad thank you. So the space for cooperation is broad i mean hes saying right there that china see americas absence as a as an opportunity to fill. Are you worried about that were talking about data and. Theres good and bad in this story on one hand china has phenomenal financial as well as scientific and technological resources and its got the ability to project that into the rest of the world including the belton Road Initiative and the new soak road so as such theyre very valuable and important partners for anybody in europe or in america but it is also very clear that china is driving a very different model from that which we are used to in the west namely europe and the United States and that comes with a very different value system around Data Protection and privacy and security and really the fairly ruthless use of commercial financial and technological power to secure its realm of influence thats what i mean if we cant even get them to be on the same page with us about human rights theyre not going to talk to us about Data Protection are the right i think the the chance of that of them coming around to a western privacy regime a fairly slim privacy does play a role in china but on a much different level and i think that the story about technology in china is ultimately a very positive one very different from how we in the west sometimes look at technology but before we run out of time i want to ask you a question about your book title its solomons code why solomons code king solomon in biblical times was held to be a very wise very wealthy. Leader who made mistakes and learn from them we believe that in this new era of Artificial Intelligence and smart machines and all of the opportunity and problems that are coming at us we need to learn ahead of time and understand what mistakes could be made in order to then harness the tremendous potential that lies in front of us with order fishel intelligible i think anyone with with a little bit of common sense would agree with you mr good hopefully we do learn from our mistakes because i think there are plenty of mistakes out there for us to learn from mr all of we appreciate you being on the show tonight thanks for having me. Well the day is nearly done. But as always the conversation continues online youll find us on twitter either at the news you can write to me. Dont forget to use the hash tag the day and remember whatever happens between now and then tomorrow is another day well see you again right here on monday. The fast pace of life in the digital. Shift as the lowdown on the way showing new developments and providing useful information though which is fine and interviews with makers and users. Should be in fifteen minutes. Every year in the stylish town three hundred twenty five million homes changes homes. Its quick and easy money. Goods trucks from morocco. To witness and often. The loses the police and good local people. In thirty minutes on t. W. Hijacking the news. Where i come from the news is being hijacked journalism itself has become a scripted reality show its not just good versus evil us first. In one. In countries like russia china turkey people are told it is that simple and if youre a journalist there and you try to get beyond it you are the facing scare tactics intimidation. And i wonder is that where were headed as well. My responsibility as a journalist is to get me on the smoke and mirrors its not just about the prayer and balance or being neutral its about being truthful. When he was born golf and i were getting. Hotter and hotter further and further dirtier and dirtier the high gloss world of professional sports behind the scenes the bitter truth pete fixed boxing matches how many. Hunters in a. Very built match venues for the world cup in qatar and you getting that they got it on any lost consciousness in good although there were two or three deaths every day on the building sites. Of business worth billions but just how murky coffee is the sports world in reality. T. V. Games starting june sixth on. W. This is. From berlin on the office and back on again u. S. President says the summit with north koreas leader will take place on june twelfth as originally planned that announcement comes after a high level north korean envoy talks with at the white house the u. S. President says the people leaves the secretive state could be transformed under kim jong will go to washington for more also. Political change into southern european capitals today in italy the new

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