attention convention. well, the president is betting on multiple fronts. first, the trade spat with canada. the first time that he s had to come eye to eye with the canadian prime minister since g-7 when the president left thinking they were on the same page and in the air when trudeau said they weren t. and the president pulled himself out of the g-7 communique. we ll watch that tomorrow. you bring up germany. president trump said at a rally in montana that he s upset with germany for not paying enough to nato. they re not meeting their 2% commitment. they re making 1.2%. the president rounded that down to 1%. that s another issue that we expect to see. the president said he doesn t understand why germany pays billions of dollars to russian, something that he s upset about and meanwhile saying that he needs the united states and protect them to protect them
africa people and projects that are changing no one far meant for the better it s up to us to make a difference let s see. what. farming magazine. on t w. shop is in china might not be interested in every twist and turn of the trade dispute between their country and the united states but the trade spat could soon become apparent in the grocery bills these oranges imported from the u.s. are among hundreds of goods beijing has vowed to tax in response to a fresh set of terrorists from washington the move makes clear on china s pledge to retaliate after the united states imposed an initial set of tariffs on fifty billion dollars worth of chinese goods. i don t buy more you don t own your china
not soon broken down and removed, we will be placing a 20% tariff on all their cars coming into the u.s. build them here. ford and g.m. fell right away as did european auto stocks. economists say though it s complicated to put tariffs on bmw and mercedes-benz. both have a huge presence in the u.s. in september, the parent of mercedes announced a 1 billion-dollar investment in its alabama plant. the peterson institute says a 25% tariff on imported autos would result in 195,000 lost u.s. auto worker jobs u.s. and ue are already in a trade spat. the ue announced a 25% tariff on american goods. moisture cycles, steel, bourbon, jeans for tariffs on steel and aluminum. trade tensions were the clear driver of market activity all week it started on monday. president trump asked his administration to identify
ainsley: history happening today. volvo is opening a brand new brand in south carolina. jobs. steve: south carolina. swedish car maker s first factory here in the u.s.a. of a. brian: thanks, sweden. jeff flock is outside the plant in ridgefield, south carolina. hey, jeff, where is your other arm? [laughter] actually they let us in the plant, brian. and i am here with the usceo of volvo and behind us, maybe you see under wraps, that s the new vehicle they are going to make here the volvo s-60. at least that s what they tell me is back here. is that really back here. it s true. it s a beautiful piece. they say thank you, volvo for coming to the u.s. did you know something by the way? did you know donald trump was going to be elected? did you know there was going to be a trade spat and that s the whole reason did you this. no. we are smart but we are not
political and economic interests in this country that there needs to be some pushback. the way this is going about it is a destabilizing wise, unpredictable way and that s what the markets are reacting to. they boughed when we hit them with tech now. now you re saying what is the answer now? you say maybe we should stop it right here? is a one-time back and forth thing. is this good or should we have not started this in the first place? you still have coming the june 30th decision and the announcement by the administration in terms of further restrictions on the chinese related to technology. this is still going to come. personally in terms of the economic damage caused by this kind of trade spat, i don t think it s the best way to go but the end of the day, they ll do business together. dow back below 312. thanks, mark. it s not only china hitting back at the u.s., rush records that they re retaliating for the president s steel and aluminum