The worlds biggest Trade Blocs is deepening with china announcing new tariffs on Brandy Imports from the european unIon. It follows last Weeks DecisIon by the eu to push ahead with Import Taxes of its own on Electric Vehicles from china. Last Year China imported about 1. 8bn of brandy from the eu with the vast majority coming from france. From Friday Companies that import will have to pay a tariff of up to 39 to the chinese government after they decided their own producers were being unfairly harmed. It follows the eu pushing ahead with tariffs of up to 45 of chinas Electric Vehicles which it says have benefitted unfairly from government help. Last Year Trade between the Eu And China was worth about 811 BillIon after it fell last year. With more tarfffs under consideratIon, it could fall further. Im joined now by Dr Deborah elms, head of Trade Policy at the Hinrich FoundatIon in singapore. It describes itself as a philanthropic organizatIon that works adavance sustainable trade. So the
A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new alltime highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied t
And arab communities have long been at loggerheads, witnesses accused the rsf of targeting and killing non arabs, resulting in reports of hundreds of deaths. The rsf has repeatedly denied any involvement in the violence in the region and has called for an independent international investigation. The un now reports that with 8. 1 Million People forcibly displaced, and Tens Of Thousands killed. There are warnings of growing hunger. The Un Security Council has called for a ceasefire in sudan to coincide with the muslim holy month of ramadan, but an agreement is unlikely. Bbc arabic s feras kilani, has been given rare access with the sudanese army, to the front line city of omdur marn, close to the Capital Khartoum and sent us this report. Children in sudan are facing a living nightmare. Celebrating a rare success as they pushed with the capital. Prep and support forces. This market used to be the life of the city, now look at it. Normal life here destroyed. We hear stories of rape, lootin
spoken to an economist at the intelligence unit and asking how the results of the selection impacts of the island positive relationship with beijing. china is incredibly suspicious of its intentions in 11 this ties back to the past remarks. he is someone infamous in the fact that he has very vocally supportive of independence but it is also really important to mention that he has genuinely softened his stance in the past few years and on the campaign trail since he has served as vice president in taiwan he has really espouse more of a pro status quo position, the idea that he will inherit the foreign policy and domestic policy priorities of the outgoing president and really that suggest there is not going to be any radical change in these policy direction and we are not expecting them to follow anytime soon. that said, the big question here is a turn of a loop going to believe that. the policymakers in beijing are still incredibly wary of this intentions. they are also going
President joe biden has increased tariffs on 18 billion worth of imports from china. Hes accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap goods. From new york, the bbc s erin delmore reports. It is not often we find former President Trump and current present biden in agreement but President Biden is not only keeping tariffs enacted by Spread Assessor but increasing them. They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy on solar cells to 50 and a doubling of the Levy On Semiconductors to 50 . President biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future from ev to solar cells, semiconductors, steel and illuminance and even Health Equipment like gloves and masks. , equipment like gloves and masks. I,