Faith when it comes to trade negotiations. The 2 sides positions appear to be hardening the white house is already impose tariffs on half of chinese imports and has threatened to go further china has hit back with its own tariffs the result levies on 300 60000000000. 00 into a trade hitting the economies of both parties. Anyone who had hopes that the 2 sides who come together on wednesday was left disappointed when the doors reopened at a 4 hour as a quick photo opportunity was all that was left to do the american delegation departed for the airport with nothing more to say. And speaking of trade brazilian economic minister paolo geddes says his country has officially started negotiating a trade agreement with the United States get it says the deal will be compatible with a trade pact recently made with the European Union the announcement was made as u. S. Commerce secretary wilbur ross was in brazil year to commemorate 100 years of economic relations between the 2 nations u. S. Is pur
China trade talks ends with the same result as the previous 11. And the new british Prime Minister brings new worries for business with the breaks that brinksmanship ends in a much threaded no deal. This is your Business Report and stephen bears in berlin thanks for watching its a modest cut Interest Rates that has some scratching their heads the u. S. Federal reserve has lowered rates by a quarter percent despite strong Economic Indicators in the country officials pointed to softening Business Investment and muted inflation its been a long time since the last rate cut almost 11 years in fact that was december 2008 on the tail end of Federal Reserve efforts to prime Financial Markets during the recession. Its only gone up since then in line with the recovering and eventually booming American Economy now compare that to the European Central bank where the deposit rate has long been below 0 and where policymakers are still cutting and thats putting even more pressure on the fed as rate c
A European Mission so there is some speculation here in berlin the germany might take over the reconnaissance flights given given such European Mission will be mandated by the board to stock the u. S. Is really upping the pressure on germany to dissipate in it Naval Mission there in the gulf the the u. S. Ambassador to germany Richard Grinnell coming out very strongly in an editorial saying germany needs to take on more International Responsibility but germanys foreign minister says that diplomacy is is probably is a priority for this country and he doesnt want to jeopardize that how is this diplomatic track working out well its not only germany its germany together with france and the u. K. And these 3 european powers want to keep at any price the nuclear deal with iran the German Government sees that as a huge political mistake that u. S. President trump has you need literally pulled out of put on. That Nuclear Agreement so if the us no asked germany to join a Naval Mission there are
Means no john participation in such a u. S. Mission so calm. Many think might succeed michael as the city uses as a conservative candidate in the next election she is trying to leave all or options open anyway still some confusion there that last week before Boris Johnson took over as Prime Minister in the u. K. The u. K. Proposed a European Naval mission to the gulf to help protect shipping in the strait of hormuz would germany bore me more amenable to a European Mission i personally think so and such a mission under a european flag germany would probably find its role has been similar European Missions in the past some of them quite successful and john vessels where in that flight it was for example that was one mission of off the coast of east africa and to Piracy Mission but if you look at the john navy these days the rest. So many vessels under repair and undergoing an overhauling process so theyre adalat if germany would or even could send ships into such a European Mission so th
Good now. Covering with kong t. W. Stay up to date dont miss our highlights w. Program online w dot com highlights. African officials voice their concerns about the confidence economic challenges says Global Financial policymakers gathering gonna will they listen to markets are up and running but in which direction comments from the fed head spark a broad based dollar rally of emotion markets dont suffer. Africas biggest Oil Producing nation nigeria could face industrial action chevron is embroiled in a labor dispute with the unions and and you british Prime Minister. Brings new worries for business brings that brinkmanship and in a much greater you know deal. I mean physical and lets do business its a chance for the collective African Voices to be heard officials from the International Monetary fund and World Bank Meeting with the confidence financial leaders in the ghanaian capital accra africa need stable growth to provide income and jobs for its rapidly growing populations despite