a german car explored revenues in half from thirty four billion dollars to just seventeen billion the u.s. would pour in another eight spawn six billion euros in a tariff revenue and the e.u. would lose almost as much the you could even things up with counter-terrorist but that would hurt the global economy so the numbers once again show how trade disputes have a ripple effect around the world and the government in berlin is deeply worried too on the american express rather strong feelings about the new terrorist threats here s what she said oh this man did not german cars are also built in the united states you know i know the south carolina is actually b.m.w. s biggest factory. cars are being built here in south carolina or in bavaria if they re considered a threat to the national security of the united states that comes as a shock to us betsy and to do one good ninety nine he said if i need god i mean it hasn t been inspected. so shocked chancellor merkel they are clearly worried ab
revenues in half to some seventeen billion euros that means the u.s. would pull in another eight point six billion euros in tariff revenue while the e.u. would lose almost as much now that you could even things out with counterterrorists as we can see here that would hurt the global economy even more to the tune of five point four billion euros so the numbers again showing how trade disputes ripple around the world now for more on this we re joined by martin brundle he s a trade expert at the evil institute in munich which produced the study behind these numbers martin let s talk about german car companies first how would this how these new tariffs if they do come into effect how would they affect let me put this differently the threat of tariffs how is the threat alone affecting german car companies over the next ninety days for example. also uncertainty is never a good son forty economy and could german car manufacturers would respond by
have employees who have been trained here that they ve worked here all their lives it s like a family it s not just work it s a bit of family and a bit of life with all the staff and i are very attached to what we do here together during the day she will to the mines up to. it was just recently zaman s posted six billion euros in annual profits but then maureen rumors began circulating investors were reportedly putting pressure on the company saying this plant it wasn t fixed for the future. because you know actually nothing is secure even everyday life living in a rented apartment is in secure we re currently secured by a single income and that is now on a very very shaky legs and you suddenly realize that when you get a situation like the one we re in now just invented to it so interesting you see it says.
work for the weapons industry i work for the defense industry which in essence fulfills germany s constitutional mandate which is guaranteeing our security that security isn t possible without adequate technology a military that s made up of people fighting only with their hands can t fulfill that mandate. of german companies don t just make weapons for german military and police they also say that products abroad more than six billion euros worth in two thousand and seventeen and that s just a fraction of the exports attributable to the wife s one hundred largest weapons manufacturers. when you look at these numbers why isn t germany the global leader in weapons exports minus. we are subject to extremely strict laws the german more weapons control that states very clearly that the government has decision making authority and they can t approve exports to
isn t possible without adequate technology a military that s made up of people fighting only with their hands can t fulfill that mandate. german companies don t just make weapons for german military and police they also say that products abroad more than six billion euros in two thousand and seventeen and that s just a fraction of the exports attributable to the wife s one hundred largest weapons manufacturers. when you look at these numbers why isn t germany the global leader in weapons exports my. we are subject to extremely strict laws the german war weapons control that states very clearly that the government has decision making authority and they can t approve exports to a client country when there s a risk that they ll be used for activities that are a threat to peace. in the first six months of two thousand and eighteen by far the