Growth precarious Global Economy Uncertain International Monetary Fund and the world bank kick off their annual Spring Meetings with warnings to the world. Also coming up after months of disagreements the e. U. Has green lighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. And its said to be one of the biggest Oil Refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny went to find out. Welcome to the business im john nelda and in berlin good to have you with us its a recurring refrain by now but with undiminished urgency i dont use Conference Marking the start of their annual Spring Meetings the International Monetary fund
and the world bank said seventy percent of the Global Economy is caught in a slowdown Trade Tensions that distrust and for policy making arent helping either well talk to our correspondent in washington in a moment but first this report. Room Sixt
Time again for Tariffs Washington takes trade sanctions with the e. U. Up a notch over a transatlantic over aviation subsidies. Also on the show beijing makes big promises in brussels equal treatment of chinese and Foreign Companies back home but will china walk the talk. Welcome to business im jenelle and in berlin good to have you with us President Donald Trump has lashed out at europe for subsidizing plane maker airbus saying thats made for unfair competition with the u. S. Is boeing now trump wants to settle the score by launching a new round of tariffs on european products bringing together a decades long dispute and much more recent Trade Tensions. Airbus isnt just an Aerospace Giant its
a paneuropean collaboration supported in part by Government Subsidies a fact the United States says gives airbus in unfair advantage one that President Trump wants to take action on via tweet he announced Eleven Billion dollars in new punitive tariffs on european products its a conflict that has
Growth precarious Global Economy Uncertain International Monetary Fund and the world bank kick off their annual Spring Meetings with warnings to the world. Also coming up after months of disagreements the evil has greenlighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. And is set to be one of the biggest Oil Refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny for scharf went to find out. Welcome to the business im joined now the Melanin Brylin good to have you with us its a recurring refrain by now but with undiminished urgency at a News Conference marking the start of their annual Spring Meetings the
International Monetary fund and the world bank said seventy percent of the Global Economy is caught in a slowdown Trade Tensions that distrust and for policy making arent helping either well talk to our correspondent in washington in a moment but first this report
us now from wall street high and now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it s difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they re running a trade deficit with the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in
joins us now from wall street hi ends now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they re running a trade deficit with the in the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in