Am sally bundock. We start in china, where the Chinese Vice Premier he lifeng and the European Commissioner for trade Valdis Dombrovskis are meeting in beijing today. The eu and chinas economic and trade ties will be the focus of discussions. The meeting comes at a time of growing tensions between the two superpowers. Earlier this month, the European Commission announced there would be an anti subsidy investigation over chinas car prices. China is accused of keeping car prices artificially low by huge State Subsidies a move that china says is evidence of protectionism by the eu. Trade between the eu and china is significant, especially for countries like germany, where china is their biggest Trading Partner. Im joined by anna ashton, china director at eurasia group. Lets unpack this. Good morning to you, anna. How are these trade talks likely to go, do you think . You think . Its hard to say exactly how you think . Its hard to say exactly how they you think . Its hard to say exactly ho
Additional spending cuts in the order of 120 Billion Dollars in the new fiscal year. Speaking at a Congressional Black Caucus awards dinner, the us president warned them against the consequences of triggering a shutdown. Lets be clear, the government shuts down, that means members of congress and the us military or going to have to continue to work did not get paid. A Government Cut down damages everything. Funding the government is why the most basic responsibilities of congress and it is time for republicans to start doing the job america elected them to do. Lets get this done. That impasse over the Us Government budget comes at a time when the us economy is facing a significant number of challenges. The us auto industry, which is a key economic sector, is facing an expanding strike which could have an impact on growth. And while the Federal Reserve decided to leave rates unchanged when it met last week, it has signalled that it will raise rates again before the end of 2023. Earlier