meanwhile the president is ready to further escalate the situation announcing tariffs on an additional sixteen billion dollars in chinese goods taking effect in two weeks. from said the u.s. is ready to talk of a total of five hundred billion dollars in chinese imports. discuss this further g.w. senior business editor joins me then as a businessman and now as the leader of the world s biggest economy what s trumps strategy here with regard to this dispute it s pretty much to use and abuse his position as being in control of the world s biggest economy and he s having some success in that everyone is listening he s got everyone s attention that s for sure and he s bullying countries into doing how he thinks business should be done except that his concept of business is pretty much stuck in the one nine hundred fifty s. the world has become very interconnected and it s a very different business well to the one he was introduced to as
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over an extended period and unemployment is still high for the first time in years it s dropped below twenty percent it s still the highest in europe. this week the u.s. levied further tariffs on sixteen billion dollars worth of chinese goods china responded with tariffs of its own on u.s. products at the same time it s rushing to modernize its entire economic base. chinese internet giants like search engine baidu tech investor ten cent and online retailer alibaba and now a leading global innovators rising from start ups to become multi-billion dollar conglomerates with considerable state backing along the way. beijing s made in china twenty twenty five program is intended to transform the huge country into a global economic power. ten key industries
a look at what it implies that in visions the largest free trade agreement created since the world trade organization was created in one thousand nine hundred five the aim is to include all these fifty five member states of the african union one day but starting with up to forty four states until the end of this year now if the free trade zone actually comes into being it would create a single market with attractive numbers up to one point two billion people a gross domestic product of two point five trillion u.s. dollars combined and even if the countries would lose money from tariffs they would still generate about sixteen billion dollars in long term world s fair it sounds like a great idea as usual but as often happens it s easier said than done. africa is a potentially gigantic market of up to one point two billion people many of them desperately poor a new agreement is a major step towards improving their love. their promise of
look at this. you can. travel to dublin. when the week began it looked like the end for the airbus three eighty. airbus was preparing to stop production of the world s biggest passenger jet due to lack of orders but by thursday emirates ordered up to thirty six of the super jumbos for a total of sixteen billion dollars on twitter the emirates c.e.o. called the a three eighty critical for his company and the united arab emirates to like to steal the show so confidently we re approaching the future and how determined we are. it s a forge ahead to buy wants to keep growing the become