. well especially we did see it with u.s. companies that are dealing quite a bit with china either if they produce over there or sell their goods to the chinese markets and companies so where we did see some pressure and stocks are falling that was true for example for dr companies that was also true for the stock of cisco systems but we also saw oil prices falling around to 4 per cent so if the 2nd largest economy on the planet sold to china it might have some trouble some turbulences and that could hinder economic growth so that could mean less demand for oil and therefore we have plunged to the lowest level since generally overall the losses were limited to but as i said specially those companies and everything that has to do with china and the broader as sends
european commissioner from trade. take a listen. it is unfortunate because this is further weakening the transatlantic relations and it also increases the risk of severe turbulences in the markets globally. protectionism can never be a solution and this will hurt jobs here in the european union but also in the u.s. one thing here is clear and that s that nobody believes the president is levying these subsidies because of national security concerns. they see that as just a flimsy excuse for trade protectionism sbr we re joined by new york times senior economics correspondent neil irwin. let s talk through what you re writing about, you say it s not these tit for tat tariffs, it s something broader. explain that. steel and aluminum prices fluctuate all the time.
priorities. and that a has expressed itself not only in words but in deeds. we will also have a chance to talk about how implementation of the iran nuclear agreement is going. it s no secret that the prime minister and i have had a strong disagreement on this narrow issue, but we don t have a disagreement on the meeting to making sure that iran does not get anuclear glep with the savagery of isis. the combination of temperature buoy turbulences now displaced millions of people as butchered hundreds of thousands and we don t know what will transpire. the israeli prime minister had a two hour long meeting at the white house today and obviously addressing the elephant in the room the iran deal. we will start there back with the panel. steve? it was an absolutely front page story this morning in the new york times we counting the
priorities. and that a has expressed itself not only in words but in deeds. we will also have a chance to talk about how implementation of the iran nuclear agreement is going. it s no secret that the prime minister and i have had a strong disagreement on this narrow issue, but we don t have a disagreement on the meeting to making sure that iran does not get anuclear glep with the savagery of isis. the combination of turbulences now displaced millions of people as butchered hundreds of thousands and we don t know what will transpire. the israeli prime minister had a two hour long meeting at the white house today and obviously addressing the elephant in deal. we will start there back with the panel. steve? it was an absolutely front page story this morning in the new york times we counting the