Asian carmakers. We start in washington where President Trump has dropped a new bombshell on global markets, still reeling from his escalating trade war with china. Late on thursday he announced on twitter that he will impose tariffs on all goods coming from mexico until it curbs illegal immigration into the us. They will start at 5 in ten days time then gradually ratchet up to 25 unless mexico takes action. From washington chris bcu kler reports. Donald trump has long claimed that mexico could do more to stop migrants from illegally crossing over into the united states. He has done nothing to hide his frustration. Even tweeting pictures of large groups being apprehended by Border Patrol agents as they try to sneak into america. But it is not just people who cross this border every day stop its a huge amount trade and the president believes that offers an opportunity to put pressure on the mexican government. Ina pressure on the mexican government. In a post on twitter, he said on june ten the us would impose a 5 tariff on all goods coming into the country from mexico and he warned the tariff would gradually increase to up to 25 of the first of october. Tariffs have become a favourite weapon of President Trump. He has used them in his ongoing trade battle with china, to some concern on the stock market. There are firms rattled about this latest dispute including several of the Worlds Largest Car Manufacturers to have factories in mexico and a large market in america. They are not alone. Some in the white house i said to be worried about the potential wider Economic Impact and what this could mean for the us mca trade deal between canada, america and mexico. As President Trump was finalising his plans, the us Vice President mike pence was north of americas other border to discuss that agreement with the print canadian Prime Ministerjustin trudeau. That it has to still be ratified between the two countries and this tariffs could put that in doubt. Certainly mexican officials are warning that they will retaliate and that will surely cross tensions again. This surprise move by President Trump has rattled investors big concerns in particular about asian firms who manufacture in mexico for the us market. Rico hizon is looking at this for us in singapore. President trump has turned Market Sentiment upside down. Investors are faring President Trumps shock move to slap truck tariffs to mexico risks tipping the us and the rest of the world into a recession. It is a precursor to wall streets opening and it is in negative territory. The us imposing new tariffs on all imports from mexico next month is hurting japanese and korean Car Manufacturers as many of them have factories in mexico. Mazda, nissan and honda are falling and toyota is shedding more than 2 . In korea, you have the likes of hyundai in the red. It is opening a new front in the trade was threatening global and us growth and pressure everywhere to consider new stimulus initiatives. Gervais williams is Senior Executive director at the Investment Management firm miton. He is also the author of the book the retreat of globalisation. This has come as quite a bombshell. Rico is talking about fears of global recession. This is a President Trump shooting from the hip, policy by tweet. How will mexico really react . Hip, policy by tweet. How will mexico really react . Clearly, this is driving all nations to be more nationalistic. You start looking after your own voters rather than looking at cross border rates. Inevitably, we will see further reactions from mexico going forward. You wrote about the three years ago and almost predicted this was going to happen before President Trump came to power. Whats feeding it . We have had a stagnation in productivity and that has led to modest wage growth. People are voting against the status quo for change was up they dont know whats right but they just change was up they dont know whats right but theyjust dont change was up they dont know whats right but they just dont want the current position to carry on so we are entering a period where politicians can announce these things and data further support. Politicians can announce these things and data further supportm america going to be able to withstand this assault on all sides . Is there going to be a trade war with china, they are in the midst of it, there is an impasse, there is no one with mexico, who knows where thatis no one with mexico, who knows where that is going to lead. Economically, hows it going to impact on the country . It might affect in terms of seeing a slight downturn but they get the less downturn than everyone else. They are a large economy, they trade within themselves, they dont have a massive overseas account so from that point of view, they are not as affected and they have the reserve currency of the world. Dollar is the leading currency of the world and if people need dollars, they will be ok compared with everyone else. But prices will go up, consumers will feel it in the pocket. Absolutely. Inflation has been so low for the last 30 years. This is going to start driving inflation and ultimately Interest Rates will have to rise. Do you not think that will affect voters . Everyone says this is about President Trump playing to his core base but if they say prices go up in the shops, where they think twice . It might change some voters but a lot of them will blame it on the others and they will say it is not ours, it is others, they have been ripping off ourjobs for years. To get your insight and analysis, thank you. Britains business lobby group, the confederation of british industry, has written to conservative mps vying to become the next Prime Minister to warn them against leaving the eu without a deal. In an open letter, cbi director general Carolyn Fairbairn warns a no deal brexit would do Severe Damage to businesses. Several of the candidates have pledged to make sure the uk leaves on october 31st, with or without a deal. We are asking all of the candidates to look at the evidence coming from the face of british business, particularly Small Companies, who are stockpiling Raw Materials and goods, wasting money they could have been spending on trading and other things, to look at the cost of tariffs. Things, to look at the cost of ta riffs. Wto ta riffs things, to look at the cost of tariffs. Wto tariffs are rudimentary, no other country in the world trade just rudimentary, no other country in the world tradejust on rudimentary, no other country in the world trade just on wto tariffs. Look at the impact it is going to have on the ability of our firms to compete and grow and then come back and make your decision is as leaders. Businesses are resilient but lets be clear, there is no such thing as managing a no deal. It is impossible to prepare except for the very biggest companies. 85 of Small Companies cant prepare. They havent got the money, they havent got the time, to be able to put consist but contingency plans in place. Of course the world will carry on spinning but we will have lost jobs carry on spinning but we will have lostjobs and investment and damage our economy and that is what were saying to the potential leaders of the conservative today. Transport tech giant uber has released its first set of results since it listed on the New York Stock Exchange earlier this month. The business is growing fast, but perhaps not fast enough for some investors. And its losing a huge amount of money. Lets show you the details. Uber took in net revenues ofjust over 2. 75 billion dollars in the three months to march. Thats up 14 on the same time last year and a little better than some were expecting. But at what a cost . Over the same three month period uber made a loss of more than a billion dollars. Thats more than double what it lost a year ago. And it means its losing more money than almost any other Public Company in the us. Since it started in 2009, the company has lost about nine billion dollars. Ubers stock market listing on may 10 was one of the most anticipated this year. But concerns about its finances meant it started with a valuation of 82 billion instead of the more than 100 billion some were expecting. And the shares have had a rocky ride since down more than ii . Uber dominates the taxi hailing business in many countries. As of april this year its us market share was around 69 . But its expanding rapidy into new areas what it calls new mobility such as electric bike and scooter hire. As well as the food delivery business, uber eats. And that is proving very expensive, as Michelle Fleury in new york explains. Overs first Quarterly Results seem to defy results. Uber. The rise of its costly Delivery Service are a p pa re ntly of its costly Delivery Service are apparently to blame. Uber was forced to pay higher incentives to attract drivers and this might have had something to do with its rival lyft trying to show strong growth. This hurt ubers proportion of affairs it books as revenue. Also, the growth of uber neates has come as a cost. The company not only has to pay the drivers, but it also has to pay its restau ra nt drivers, but it also has to pay its restaurant partners. Uber eats. What to make of all of this . The company is seeing signs that some of these Competitive Pressures are starting to ease and that may help its share price which has struggled since the firm went public but the figures underscored the challenge it faces, to one day become profitable. Up next newsbriefing. Gp surgery closures across the uk have reached an all time high affecting an estimated 500,000 patients last year according to new research. An investigation by the medical website pulse found under resourcing and recruitment difficulties were forcing surgeries to close with many smaller practices merging to survive. Our reporter leigh milner has more. Over the past year, then nhs has lost over 400 qualified gps and surgeries are at an all time high. According to new figures released by the medical magazine pulse, in 2013, just 18 surgeries shut across the uk. By last year, that number had increased to 138. Nhs england which ru ns increased to 138. Nhs england which runs the Health Service says it refuted the pulse figures. According to their data which only covers the past financial year, it hasnt seen fewer closures and disposals. The investigation also revealed that gps felt that increasing workload and recruitment difficulties meant practices were often forced to close asa practices were often forced to close as a last resort stop how can we help today . Speaking earlier this month to the bbc, doctor carr mine who works in plymouth says something has to change. There is a crisis in general placed practice, it is very real, it is the worst one since 1948. Its future is injeopardy, no doubt about it. As a result of the surgery closures, the Research Revealed that more than half a Million People were affected. Coming up at 6 00 on breakfast, jon kay and tina daheley will have all the days news, business and sport. This is the briefing from bbc news. We will be going through some of the world does make front pages, especially how retailers are going to get her shock in the us. This is the briefing from bbc news. The latest Headlines Police in hungary detain the captain of a cruise ship that collided with a smaller boat on the river danube. At least seven south korean tourists have died. The Singer R Kelly has been charged with eleven further sexual offences. Charges relate to the Sexual Assault of a minor aged between 13 and 16. Now its time to look at the stories that are making the headlines in the media across the world. We begin with the south China Morning post. American retailers are warning consumers to brace for higher prices as the us prepares to put tariffs on nearly all goods made in china in the latest escalation in the trade war. A look at ubers bumpy ride in the new york times. In its first Earnings Report since listing its shares on the stock market this month, the ride hailing giant, reported its slowest growth in years and steep losses for the first three months of 2019. Mark zuckerberg is on the front page of city am. Facebook founder Mark Zuckerberg has survived a shareholder revolt which sought to strip him of his chairman title, and reduce his monopoly over the firms controlling shares. Meanwhile, in the independent, an investigation into the increasing far right Terror Threat facing the uk and other western nations. One of the most vital drivers it says is the increase in global crowdfunding. On our own bbc website while brexit negotiations continue, and the uk government grapples to find a new leader, the confederation of british industry has told conservative leadership candidates a no deal brexit scenario would do Severe Damage to businesses. And finally a story from the guardian exciting news for harry potter fans. Jk rowling has announced the publication of four short books on the history of magic. So lets begin with the south China Morning post. With me is fiona reynolds, ceo of principles for responsible investment. This headline, this is coming