Military aggression but even in the u. S. Then to stand that the sanctions will not be able to stop north streams construction as its already near completion germany is already preparing to tell a true measures top officials slammed the bill. Congress has indeed decided to impose sanctions we are against extraterritorial sanctions not all of those adopted yesterday but we also had the same problem with the sanctions against iran there is no other option left for us but to hold very decisive talks to sure that we are not accepting these sanctions we believe that is unacceptable as it is an attempt to influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That the lane is ready to respond to any sanctions imposed by washington and the us is unhappy that we are not buying their gas they want to boost their own trade and thats why they are imposing sanctions on Companies In
Thats all. Stay with bbc world news. More on our web site bbc. Co. Uk news and the news app. Now on bbc news live to singapore for Asia Business report iok back i 0k back president President Trump hal is an amazing new trade deal but relationships between us and China Remains distressed. Australias recycling crisis. What do you do with millions of tons of plastic . It isa with millions of tons of plastic . It is a monday put up good morning, asia, hello, world. You forjoining us asia, hello, world. You forjoining us for this exciting addition of Asia Business report. I im rico hizon, let us begin with the trade will because the us and china finally reached a phase one trade agreement over the weekend. The us dropped plans to slap fresh tariffs on sunday while some existing ta riffs on sunday while some existing tariffs would be cut to seven. 5 . According to the us, the agreement also covers contentious issues like intellectual property and forced tra nsfer of intellectual property and
A chorus of mr trumps so i think thats what youre seeing its clear that the American Economy doesnt need more cutting of Interest Rates because of the danger which has always been there that this kind of flooding the economy with cheap money with more money produced always carries the risk that that money will suddenly start to look to buy goods and services and give us the inflation that could run quickly out of control theyre worried about that its not there yet they worried about it in the past but theyre still nervous and i think thats why there is at least a month independence not to cut the rates which mr trump wants only because he needs to goose the economy in preparation for next novembers election or professor also want to get your input on the u. S. In ca which was agreed to on tuesday by members of congress we explained on tuesday that the u. S. In ca its really not a vastly better deal than nafta listen to this. Digital o. C. House democrats have not given us a significant
Press well thank you so much for joining us today. Glad to be here no no i want to start with the fetid signaling they dont want to alter rates over the next decade does this point to the central bank thinking were out of the weeds of this economic downturn or is it more of a fear that low rates may be the new normal or are they just trying to stick to President Trump what do you see going on here. I think theyre marching along a very narrow law and they are listening to President Trump even in ways that most economists think they shouldnt but theyre also trying to show that they havent least a little bit of independence left so they dont just look like a chorus of mr trumps so i think thats what youre seeing its clear that the American Economy doesnt need more cutting of Interest Rates because of the danger which has always been there that this kind of flooding the economy with cheap money with more money produced always carries the risk that that money will suddenly start to look to
Appropriate to support sustained expansion of Economic Activity strong labor Market Conditions and inflation near the committees symmetric 2 percent objective the fed added they will also continue to monitor Global Economic conditions as they develop which could alter their plan of action and for more on this were going to be joined today by Richard Wolfe professor of economics and host of economic update press well thank you so much for joining us today. Glad to be here no no i want to start with the fetid signaling they dont want to alter rates over the next decade does this point to the central bank thinking were out of the weeds of this economic downturn or is it more of a fear that low rates may be the new normal or are they just trying to stick to President Trump what do you see going on here. I think theyre marching along a very narrow lie and they are listening to President Trump even in ways that most economists think they shouldnt but theyre also trying to show that they have