The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris and former President Donald Trump have clashed over tariffs make industry and they want to make sure now and potentially in the future there is not going to be chinese competition. We are not going to see any Difference Tomorrow when those tariffs go into effect in the united states because there are no evs on boats headed to the us right now. In on boats headed to the us right now... now. In the here and now, not thinkin now. In the here and now, not thinking about now. In the here and now, not thinking about donald now. In the here and now, not thinking about Donald Trump i now. In the here and now, not. Thinking about Donald Trump was make for and heightened tariffs on chinese imports, but these need tariffs, what impact if any, you said they will have no minimal impact . The electronic Vehicle Tariffs minimal impact . The electronic Vehicle Tariffs will minimal impact . The electronic Vehicle Tariffs will have Vehicle Tariffs will have minimal impact, the other sectors they are heading such as Lithium Ion batteries for electric vehicles, is emitted they are raising tariffs on steel and solar cells. Those things in the aggregate will probably not have a big impact on the economy but for the businesses and industries that use those things as inputs and the products they make, they will be concentrated losses and those will be stupider get this done. It would not surpri will|e at all get this done. It would not surpri will be it all get this done. It would not throughout the economy in ways surpri will be stupider those will be stupider throughout the economy in ways that are smaller and we dont that are smaller and we dont notice so much unless we work notice so much unless we work on those particular areas. On those particular areas. Donald trump has been talking a Donald Trump has been talking a tough game on new tariffs talk tough game on new tariffs talk about very high tariffs on about very high tariffs on chinese Imported Goods in chinese Imported Goods in particular. D0 particular. D0 chinese Imported Goods in particular chinese Imported Goods in particular chinese Imported Goods in chinese Imported Goods in articular. ~ particular. Do you think, if he does win. Particular. Do you think, if he articular. ~ particular. Do you think, if he does win. Particular. Do you think, if he does win, those particular. Do you think, if he does win, those promises particular. Do you think, if he | does win, those promises will does win, those particular. Do you think, if he does win, those promises particular. Do you think, if he | does win, those promises will survive contact with reality survive contact with reality particularly when you consider particularly when you consider how inflationary tariffs of how inflationary tariffs of that scale could be. I think that scale could be. I think they will they will that scale could be. I think they will survive that scale could be. I think they will survive contact i that scale could be. I think they will survive that scale could be. I think they will survive contact i that scale could be. I think l they will survive contact with reality. Donald trump has that scale could be. I think l they will survive contact with reality. Donald trump has followed through in the past on followed through in the past on things he promised he would do things he promised he would do on the campaign trail. And on the campaign trail. And tariffs are one of those things tariffs are one of those things where he has a great deal of where he has a great deal of executive it already was he can executive it already was he can Bypass Congress and used the Bypass Congress and used the levels of Executive Power to levels of Executive Power to get this done. It would not get this done. It would not surprise me at all surprise me at all if he indeed within months of taking office put higher tariffs in place on china and put higher tariffs in place on Chini Want the chinese to they want the chinese to stimulate the economy but at the same time they are very worried the ways this might be done will be perpetuating overcapacity in some of the sectors or increasing the subsidies and some of the sectors and evs and steel and ii sectors and evs and steel and 11 us is sectors and evs and steel and ii us is worried about. It is not obvious where this game is going to and. This will probably not play out in full until we know who is going to be the next us president. Thanks for that. Lets stay in the us, because Boeing Heads back to the Negotiating Table with its largest Labour Union in the coming hours, in a bid to end a strike that is rattling the firms, already shaky, finances. More than 32,000 workers at boeing plants in seattle and Portland Oregon walked out on september 13th, halting production of planes including its best selling 737 Max. The union wants a 40 Pay Rise and the restoration of a defined benefit pension, that was taken away a decade ago. The timing could not be worse for boeing, as it battles to restore its reputation after a string of safety scandals, and faces spiralling debts. Mike dunlop is an independent Aviation Analyst with 45 Years Experience in the industry. Hes also author of the art of the turnaround, a guide to turning around failing companies. Boeings been in the headlines for all the wrong reasons lately, safety issues with 737 Max have tarnished reputation, does that put the workers in a stronger or weaker position . I think they are in a very equal position but if the strike continues, i am afraid we are going to see mutually assured destruction. The request and we have real challenges in the whole negotiation, The First Time Boeing came to agreement with The Union, the Rank And File turned it down by almost 98 . The next time boeing went turned it down by almost 98 . The next time boeing went straight to the Rank And File straight to the Rank And File and The Union said no, were and The Union said no, were not going to even hold an not going to even hold an election on it. I have been in election on it. I have been in seattle i missed 50 years now seattle i missed 50 years now and i have been through four of and i have been through four of these major strikes and they these major strikes and they dont and well. They dont and dont and well. They dont and well for the Rank And File and well for the Rank And File and dont and wealth of the dont and wealth of the company. Company. Dont and wealth of the dont and wealth of the company dont and wealth of the company. Dont and wealth of the company dont and wealth of the company. Dont and wealth of the com an.. company. You used that term mutually assured company. You used that term | mutually assured destruction, com an.. company. You used that term mutually assured company. You used that term | mutually assured destruction, company. You used that Term L mutually assured destruction, a Cold War phrase. How bad could company. You used that Term L mutually assured destruction, a Cold War phrase. How bad could be destruction be . It be destruction be . It Cold War phrase. How bad could be destruction be . Cold war phrase. How bad could be destruction be . Be destruction be . It gets to a Oint Be Destruction be . It gets to a be destruction be . It gets to a Oint Be Destruction be . It gets to a point where point where be destruction be . It gets to a point where customers be destruction be . It gets to a point where customers get be destruction be . It gets to Aj Point where customers get fed up be destruction be . It gets to a point where customers be destruction be . It gets to a point where customers get be destruction be . It gets to Aj Point where customers get fed up point where customers get fed up with not receiving their point where customers get fed up with not receiving their aeroplanes. When you deliver an aeroplanes. When you deliver an aeroplanes. When you deliver an aeroplanes. When you deliver an aeroplane to a customer, they aeroplane to a customer, they already sold the almost 98 . Already sold the seats on the plane if you dont deliver, that causes an extraordinary ricocheted a fact through their customers. They also have a lot of people, key people working on the shop for other people actually making the planes. So you have this extraordinary balance that has occurred and it really needs some dramatic action to break the loop. The last one went on for eight weeks and with that The Union almost loses all the benefits they gain during that period of time and boeings negative Cash Flow is something the Investment Community has to watch. Investment Community has to watch.. , watch. You say that. Boeing s customers watch. You say that. Boeing s customers are watch. You say that. Boeing s customers are annoyed watch. You say that. Boeing s customers are annoyed and i watch. You say that. Boeing s i customers are annoyed and have been annoyed by the Safety Problems as well but it is not a conventional business. If your supermarket goes on strikes, you will go to the other went down the Street But Plane Making And Plane selling is obviously very different, huge Production Backlogs and not so easy to switch from boeing to our bus. It not so easy to switch from boeing to our bus. Boeing to our bus. It is virtually boeing to our bus. It is virtually impossible. I boeing to our bus. It is l virtually impossible. One boeing to our bus. It is i virtually impossible. One of the strength and has as a company is its backlog. For the third time this week. All eyes now are on us Consumer Inflation figures due out before the market opens on friday. A further easing in inflation a further easing in inflation could give the federal reserve could give the federal reserve more room to cut the cost more room to cut the cost of borrowing, after its of borrowing, after its Half Percent Reduction Half Percent Reduction earlier this month. Earlier this month. The price of oil also fell the price of oil also fell sharply on reports Saudi Arabia sharply on reports Saudi Arabia plans to abandon its price plans to abandon its Price Target of 100 a barrel. Target of 100 a barrel. Lets bring in susannah lets bring in susannah streeter, head of money streeter, head of money and markets at the investment and markets at the Investment Firm hargreaves lansdown. Firm hargreaves lansdown. Its been quite a week. Its been quite a week. Measures by china to measures by china to stimulate its economy, stimulate its economy, that many would see as overdue, that many would see as overdue, have been announced. Have been announced. And good data coming out and good data coming out of the us raising spirits of the us raising spirits at end of the week. At end of the week. Perhaps more significant perhaps more significant is whats happening with oil, is whats happening with oil, suadi is giving up on Target Suadi is giving up on target of achieving 100 a barrel of achieving 100 a barrel and boosting production. Thats good news as we emerge and boosting production. Thats good news as we emerge from an inflationary period, from an inflationary period, ata time at a time where it is getting tricky to bring inflation all the way back down to target and keep it there. The way back down to target and keep it there keep it there. There certainly will be welcome keep it there. There certainly will be welcome news keep it there. There certainly will be welcome news for i will be welcome news for motorists who in some countries have been enjoying the lowest level at the pumps almost three years. Certainly this is a good indication of what we are giving is brent crude, these lower prices should continue. However there are still potential options ahead for oil to rise again, not least the tensions and conflict in the Middle East about risk spreading. However, the very fact Chinas Economy is still struggling despite the stimulus announced although that has caused more optimism also keeping the price of oil lower. And this abandonment of a target. We are expecting from Saudi Arabia. And expectations of moves from other members as well. All this is conspiring to bring down oil prices. Well. All this is conspiring to bring down oil prices. Lots of investors bring down oil prices. Lots of investors to bring down oil prices. Lots of investors to be bring down oil prices. Lots of investors to be excited i bring down oil prices. Lots of| investors to be excited about. The Stimulus Measures by china, some better than expected Employment Data coming out of the us but all they considered, some people still think the us claims came through. This is because the fed is thought to because the fed is thought to be focusing more on stopping the us moving to a deeper downturn rather than necessarily having inflation as its number one target and keeping a lid on that. But still, inflation is within their sides and there are still concerns it is higher than it should be and that is why the personal consumption expenditures index, a report will be closely watched a little later today. China has borrowed the kitchen sink, suddenly the Peoples Bank of china has in the economy to transdermally demand but a lot more i think is needed on the physical side. More i think is needed on the physicalside. System more i think is needed on the physical side. System with thoughts households as well to really get the economy moving. Thank you very much. Lets get some of the days other news now. The owner of the new York Sun has emerged as the favourite to acquire the uks daily and sunday telegraph, ahead of Fridays Deadline for bids. British born Dovid Efune is thought able to offer a competitive bid of around 550 million, while avoiding the political objections that saw a deal involving the United Arab Emirates blocked by the government. The chairman of Open Ai says the board has discussed whether to give co Founder Sam Altman an Equity Stake in the company but no decision has been made. Reports suggest the firm one of the leaders in al, is planning to ditch its not for profit status, a move that could see it valued at 150 billion. That could catapult altman into the ranks of the worlds richest people. Coming up, attack of the Ai Clones. Is that person on your Video Call really who you think it is . Around the world and across the uk. This is bbc news. To japan now, because in the next few hours well know who will be running the fourth largest economy in the world, as the Ruling Party chooses its next leader. Last month, Fumio Kishida surprised many when he announced he was stepping down. Japans Liberal Democratic Party has suffered a string of scandals. It needs a new, and popular, face, before a general, which must be held by the middle of next year. And as Mariko 0i explains, the ldp s choice could be a historic one. It isa it is a crowded race of content is roma contenders. They will cast their vote for a new leader. If none of the contenders receive more than half the votes, they will be a run off between the top two candidates. Based on multiple poles, these be at the top contenders. Shinjiro koizumi. If his name sounds familiar, that is because his father he lacks experience, but is very popular. 0n the economy, he has called for Labour Reform to make it easierfor companies to fire workers. Sanae takaichi it is known as a protege of the longest servicing Prime Minister shinzo abe. If elected, she would become the youngest ever female Prime Minister. Policies are expected to be investor friendly just like her mentor. She is also known as one of the most conservative lawmakers in her party, so her leadership could likely affect Japans Relationship with its Neighbours China and south korea. Shigeru ishiba is a Veteran Lawmaker and has previously been the Partys Secretary general and a defence minister. This is also the fifth time he is making a bid for the topjob. He has proposed a reviving japans rural areas to boo