After we got the outline of phase one trade deal china President Trump has agreed to lower some of our tariffs in exchange for, it looks like, 50 billion a year in agricultural purchases. And some much firmer protections against intellectual property theft and currency manipulation. And those last two pieces, please, youve got to understand thats what the United States is fighting for thats the real meat of the deal we need Chinese Companies steal our patents and trade secrets and we need china to swear off currency manipulation. I dont know i assume the case. I think let me tell you i want to make this really clear. Ag is not what this is about but we got to spend some time on it because its what people are going to talk about. China has a history of not following through with its trade commitments. And this time, weve got powerful enforcement mechanism theres still going to be a 25 tariff on 250 billion worth of chinese imports with a 7. 5 levy on another 120 billion that had been cu
The biggest economies in the world about to kiss and make up on their economically damaging trade war . Also, the return of the big bazooka, mario draghi is expected to throw the kitchen sink at the flagging euro zone economy we will tell you what that is and whether it will work. Financial markets across continent, london is up a little and so is germany. And well be getting the inside track on a business thats growing in style, we hear from the Business Owner making menopause clothing. Can now the us is set to ban flavoured e cigarettes, after a spate of vaping related deaths. So do you think itd the right course of action . Should other countries follow suit . Let us know just use the hashtag bbcbizlive hello and welcome to business live. President donald trump has announced that the us will delay a planned tariff hike on 250bn of chinese goods as a gesture of good will. In a tweet, mr trump said a 5 increase to duties scheduled fori october will be postponed for two weeks in respon
Trade. You had that comment from president frump saying that trade talks between the u. S. And china had already started but also lines from the Trump Administration suggesting that theyre looking at additional tariffs on european good, so a little bit more concern than there was yesterday on the trade front, maybe being reflecked in south korea, for example , were all looking at some of the different indexes in terms of the regions. He filipino possesso is down you saw a bit of a pickup in the 10year u. S. Treasuries and maybe some weakness in those u. S. Futures. The s p 500 hit a record yesterday. The termal chart is announcement versus fenses cyclicals. As this terminal shows, there is still a premium in terms to have defenses over sickly calls and that has endured even after the fast ball crisis, highlight build the red bar, 20082009 so maybe putting some question marks over the desire to get into cyclicals given the premium that defensive still have. That is something investors c
Friday following the jobs reports and the apple drag in the amazon drag. Asia though, we are coming off a little bit, if youre looking for us in aligning. 167 on the benchmark right now. A little bit of a pickup following the china open. Indonesia coming online. Hang seng is flat. Oil is very much in focus today. We are coming off a little bit of highs earlier on. We are getting some upside as far as the shanghai contract is concerned. You are getting a followthrough move in wheat prices in the early goings this monday. 2. 5 , 650 a bushel on wheat. Conversations around no recession, soft landing, no landing. Yvonne yeah, you have u. S. Funding needs versus what the demand for bonds overall being weighed on the back of what we saw last week. One of the worst weeks when it comes to global bonds as well as stocks. For some time now, its the start of something. Certainly want to watch. Especially when you are starting to see china not really emerge from this postcovid recovery in the way
cnn identified the house where it happened. and right now china is threatening to start air and sea military exercises around taiwan, this is a direct response to house speaker nancy pelosi s arrival there. the house speaker is the first high ranking u.s. official to visit taiwan in 25 years. a landmark flashed a sign that said speaker pelosi welcome to taiwan. china is not mincing words, the foreign ministry issued a statement, quote, this is a serious rye lags of the one china principle it has severe impact on the political foundation of china/u.s. relations. kylie atwood joins us now. tell us the reaction. the biden administration is trying to bring the temperature down right now. you see china raising the temperature and doing a number of things. taiwan said that a number of the government websites in the country have faced threats, cyber attacks in the last 24 hours as the trip was about to occur. we know there have been war planes that china has sent into taiwan s