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
And even his north american neighbors any criticism of trumps policies might have been inappropriate for a fed chairman but trump himself had on relentlessly attacked the feds policies demanding larger rate cuts to support pledging to act as appropriate to sustain the expansion of the fed signaled possible future rate cuts for the wall street however did not immediately react as such action had been widely expected. And lets go now to our financial correspondent jose luis to haro in new york who is it there you are so the decision finally made how are the markets reacting. No it will stephen especially after listening to your own paul will giving context. Was more hawkish done investors anticipated he was a very poor estate in just a minute cycle policy adjustment. Its different from the start of a long cutting cycle as we saw for example in 2007 obviously did not see well with the investors who we are still seeing i believe 2 more rate cuts before the year and so we. Will let everybod