Alphas in berlin well come a day before the g 20 summit kicks off in japan there is Significant Movement in the trade conflict between the u. S. And china according to the South China Morning Post and politico the 2 sides have agreed on a socalled tentative truce delaying a fresh round of u. S. Tariffs that would have extended levies on nearly all chinese products coming to the u. S. According to the reports the tone was a condition the chinese side is set before agreeing to a meeting between president xi jinping and donald trump now scheduled for saturday on the sidelines of the g. 20 meeting. Chinese president xi jinping arrived in Osaka In The Rain on thursday morning but the forecast for trade talks with the u. S. Has apparently gotten a little sunnier amid reports of the tentative truce on the tarney topic of additional tariffs optimism has been building among World Leaders that a deal is within reach between the superpowers when their leaders meet in japan. But it will not work i
Mounting and not at least was the last president ial election was the cambridge analytical scandal surrounding facebook weve seen that they are real consequences from the Business Practices of some of the big tech giants with google we all saw a couple of months ago had protests from the employees because of google thinking about. A Search Engine for the Chinese Market so wherever you look there is more pressure coming up from the European Union from australia from the u. K. From france and now all still from the United States by the way basically all of the Attorney General of almost all of the u. S. States are participating in this the only example being alabama and california thats the state where google has its headquarters and the e. U. Commission has hit tech giants with hefty fines also to prove a point whos boss here one of the Companies Expect what are they to expect from the u. S. Its really hard too early to tell at this point to go on for quite some time then the companies
and a 1st for a beer abroad kids german curries and business out of time where demand at home is drying up. this is b.w. business i m joined now on in berlin welcome to the u.s. trade deficit widened in august as exports went up but imports increased even more the commerce department said the deficit rose 1.6 per cent to almost $55000000000.00 but president donald trump s latest efforts to reduce the trade gap with china by imposing tariffs on imports and waging a trade war appear to be bearing some fruit that deficit fell by over 3 percent to nearly $32000000000.00 in august u.s. exports to china grew while imports declined the deficit with the european union also narrowed month on month falling almost 24 percent to just over 15000000000 dollars and those numbers may yet move even more soon this week washington and washington announced tariffs on aircraft as well as industrial and agricultural
be awarded with subsidies. it doesn t on the inside but on the other side there are powerful lobby interests it s not as if money isn t being made from farming in europe and for it s a profitable business and the food industry is one of the e.u. s main export earners so naturally there is here to ensure that the a lot of money on to the agricultural sector one overs in new york and i got. martine hustling says taxpayers money is currently being used to interrupt the support of corporations but that it should serve society as a whole. the european parliament has been negotiating the redistribution of farming subsidies for months a total of $55000000000.00 euros per year the largest slice of the e use expenditure powerful lobby groups are clamoring to maximise their share.
commission has hit tech giants with hefty fines also to prove a point who s boss here one of the companies expect what are they to expect from the u.s. . it s really hard too early to tell at this point to go on for quite some time then the companies could appeal and then what is a hefty fine if you look at google for example in the past business year they had a revenue of more than $136.00 a $1000000000.00 facebook having a revenue of $55000000000.00 so one is the financial aspect and the other is if the prosecutors might actually push those companies to get rid of some of their business parts of the case of google that could theoretically be huge but it s really far too early at this point what the outcome of this probe will bring in court in new york thank you. here s one of the world s richest men and arguably