The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris an
To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
To arguments in lebanon with 75 targets hit overnight. These are the latest pictures we are getting in from lebanon. The latest strikes happened close to the Border with syria, and supposedly hit rockets and buildings. Overthe supposedly hit rockets and buildings. Over the last few days, the lebanese Health Industry says it is 13 people were killed in those later strikes, with more than 550 people killed since the strike started. Benjamin netanyahu has. There has been speech saying there will be no ceasefire. Our Middle East correspondent, Hugo Bachega updated us on the latest developments from beirut. Despite all these growing calls for a ceasefire along the lebanon israel Border, we havent seen indications from Israel And Hezbollah that they are interested in de escalation. The israeli military says its airstrikes targeting hezbollah positions continue this morning. The lebanese authorities are saying that at least four people have been confirmed dead as a result of the attacks happe
There . What is being heard and said at the un is being there . What is being heard and said at the un is being very said at the un is being very different to what is being heard and seen in the Middle East right now. When we woke up this morning, there was talk of the Ceasefire Proposal that was being put forward yesterday, but as the day has gone on, we have heard that a strong response from Benjamin Netanyahu who said he hadnt even responded to the proposal yet but they would continue to fight full force. We have seen that on the ground here. We have seen more continuing israeli Air Strikes and in the south of lebanon. Also here in beirut. Another one of these pleasant strikes here in the Southern Suburbs of beirut, only a couple of kilometres away from where i am talking to you right now. I went down there in the aftermath of that to see what was happening. Its less than an hour since this Air Strike was reported in the Southern Suburbs of beirut. I want to show you, you can see th
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