To team and social norms and inform them of old dead basic rights my name is dave out of the home and a war z. To. Get a bit. Further escalation in the us china trade war has been followed by both governments doubling down but its consumers who will likely pay the price. Also on the show longer than prospectors are combing through for those rain forests indigenous fijians top looked and protect their land. This is the w. Business im on in berlin welcome china has once again filed a complaint with the world. Trade organization against the United States its a 3rd following a further escalation in the trade war between the worlds top 2 economy the Chinese Ministry of commerce said in a statement that washingtons latest tariff actions violated the trade truce reached by both governments in june on the sidelines of the g 20 summit and the stock. But how did that as collation look like in case youre losing track heres a refresher this weekend the United States imposed levies on an additional
A clever solution for cleaning up oil spills and pollution at sea. This is your Business Report im Stephen Beers in berlin good to have you with us the u. S. China trade war escalated over the weekend with both sides lobbing fresh tariffs on the others exports and no trade deal in sight the United States is now imposing levies on a dish on an additional 112000000000. 00 of chinese exports while beijing is countering with retaliate toward tariffs on 75000000000. 00 in u. S. Goods. Smart speakers headphones and shoes are among the chinese exports likely to be made more expensive through the u. S. Tariffs beijing meanwhile will hit u. S. Crude oil with a 5 percent here now thats the 1st time the quantity has been targeted in this dispute and of course this isnt the end of the levies the u. S. Plans to raise tariffs on 250000000000. 00 in chinese exports to 30 percent from the current 25. 00 and in december a further 15 percent tariff on chinese cell phones laptops and close that would mea
China trade war escalated over the weekend with both sides sticking fresh tariffs on the others exports and no trade deal in sight the United States is now imposing levies on a further 112000000000. 00 of chinese exports beijing is counting with retaliatory tariffs on 75000000000. 00 in u. S. Goods smart speakers headphones sneakers those are among the chinese made products that could become more expensive in the u. S. Beijing meanwhile will hit u. S. Crude oil with a 5 percent tariff and that marks the 1st time the commodity has been targeted in this dispute and this isnt the end of the levies the u. S. Plans to raise tariffs on a different set of chinese goods totaling 250000000000 dollars to 30 percent from the current 25 percent and then in december a further 15 percent tariff on chinese cell phones laptops and clothes and that would mean the virtually all made in china products will be subject to tariffs in the u. S. We are going to get giant at that meeting is still long as you k
Isnt the end the u. S. Plans to raise existing tariffs on 250000000000. 00 in chinese exports from currently 25 to 30 percent and in december a further 15 percent on tariffs on chinese cell phones laptops and clothes that will mean that virtually every product made in china will be subject to tariffs in the u. S. Heres was u. S. President on the trump had to say about this latest escalation. We are talking to china and the meeting is still long as you think that there that they havent we havent well see what happens but we cant allow china to require self anymore because we cant go out there to take 500000000000. 00 a year out of our country we cant do that. Speaking earlier lets bring in our financial correspondent frank only bots only new tires neutral troubles how the markets reacted to this. In a surprisingly benign way here in europe the dax for example where im standing in germany is basically treading water on the Positive Side if you will going up some points the footsie in lon
Business im going on in berlin welcome china has once again filed a complaint with the World Trade Organization against the United States its a 3rd following a further escalation in the trade war between the worlds top 2 economy the Chinese Ministry of commerce said in a statement that washingtons latest tariff actions violated the trade truce reached by both governments in june on the sidelines of the g 20 summit in the socket. But how did that as collation look like in case are losing track heres a refresher this weekend the United States imposed levies on an additional 112000000000. 00 of chinese exports while beijing is countering with tariffs on 75000000000. 00 in u. S. Goods smart speakers headphones and shoes are among the chinese products to be made more expensive by u. S. Terrorist. Meanwhile will hit you ask who toil with a 5 percent tariff its the 1st time oil has been targeted in this dispute and this isnt the end of the u. S. Plans to raise existing tariffs on 250 10000000