Transcripts For DW Business - News 20240711

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You with us equity markets are rallying shares in japan hit a 30 year high on the 1st day of trading off the Television Networks declared joe biden the winner of the u. S. President ial election there are hopes that a Biden Administration would expand fiscal stimulus in the u. S. Stepped up measures to reduce the spread of covert 19 i want to take a less aggressive approach in trade policy but how does his slogan buy american fit in here lets check out some of bidens ideas about how to stimulate the economy. Will it be like night and day. Joe biden has promised to create a more restrained balanced American Economy instead of the full throttle one of the past 4 years. In practice that means a return to regulations on industry greater powers for financial watchdogs and Consumer Protections and above all higher taxes on the wealthy and businesses im going to raise taxes im not going to raise taxes on anybody making less than 400. 00 grand but but you wont pay a penny more but those making more than that im going to ask you to finally began to pay the fair share i asked the big corporations and the wealthy to begin to pay. On paper bytes plan would raise a serious cash some 2. 00 trillion dollars over 10 years according to the Nonpartisan Tax Foundation it would also reduce u. S. Growth over the long term. That will be a tough sell to republicans who are poised to hold on to the senate theyre more interested in slashing taxes than raising them. And that in turn could imperil another Biden Initiative a 1. 00 trillion dollar climate package based on new tax revenues biden doesnt need Congress However to reinstate environmental and financial regulations slashed by trump such as tire rules on methe thing leaks or fuel standards but that could take time trump has rolled back scores of regulations and just another reminder the power at the top may change but the distance between both sides hasnt. Of a more im joined by the president of the American Chamber of commerce in germany frank spoke to larry good day to you joe biden pledged to hike taxes and penalize u. S. Firms that jobs abroad how could it by the Administration Impact u. S. Business in germany well you know this whole idea of making jobs go somewhere come somewhere just by. Having a slogan and talking about penalizing people doesnt really work that way and you know certainly the chamber of the American Chamber of commerce will do its best to inject some nuances into this conversation because weve seen even under President Trump with all his attempts to revitalize American Manufacturing it hasnt happened the way it happens is by you know having a better education of your workforce and doing other things that promote jobs not just by saying you know ive got a slogan in his penalties on people so that piece just doesnt work ok so talking of slogans i mean not only donald trump had a slogan joe biden also has won by american how does that differ is bidens protectionism perhaps just slightly was soft spoken well in in either case its concerning right i mean were here in germany and if any country should understand the value of having a Strong Manufacturing base its germany right i think we should understand that the u. S. Wants to have a larger participation in that segment of the market but e. U. I cant say i repeat you dont get there by fia by by just demanding that it somehow happens and so we think that while he certainly may be more open to discussion and reason at the end of the day an Initiative Like that is not conducive to expand in the economy. Of course for many of us for europeans in particular theyre very much hope that a by the administration could alleviate u. S. Tensions for example remove the threat of terrorism even sanctions as in the case of the controversial north stream 2 pipeline others hopes realistic or simply naive. Well i think in you say many europeans i can tell you that a survey we did of our membership that the overwhelming majority of them also were of the opinion that a biden and ministration would be. You know easier to work with and not quite as chaotic and would probably not try and combine geopolitical trade issues as President Trump has done having said that theres a lot of issues that do need to be taken head on for example just a few minutes ago i saw that the e. U. Is going to respond to the air bus tariffs with tariffs you know because the boeing case a think thats likely to be short sighted bidens going to take office into hans why cant we wait and try and find a with more were together you see that to get off this to that chant thats a question im going to ask brussels correspondent now exactly the tariff issue. So thank you very much for for that you there frank spoke to larry im jim president thank you so much for your time pleasure so we just heard the results of the u. S. Election are also said to dominate the agenda at a meeting of European Union trade ministers today trade officials there are expected to discuss a range of issues from w t o reform to China Investment rules and the entire blocks trading stands amid new global challenges now ahead of the talks german trade minister Peter Altmire whos also chairing the meeting said that he hopes to see a return to multilateralism. For us this includes clarifying the issue of u. S. Tariffs on steel and aluminum the commission will also inform us today of the status of the protective measures against deal import that have been in place in the e. U. Since 2018. And of course were also talking about the punitive tariffs in the w. T. Or proceedings on air bus and boring where we all should strive for an amicable solution. And for the emission. Of the german economics minister peter there for more lets bring in now did obvious Brussels Bureau chief and xander fun now and then an example how optimistic are you that trade ministers of the e. U. Are how optimistic are those trade ministers that joe bidens victory will really revive multilateral listen strengthen the w t o reboot u. S. Trade relations. Well i think there are quite optimistic about that theyre hoping that there will be a more lets say a friendlier tone towards europe under a biden presidency because joe biden is someone who says that he views europe as a partner of 1st resort someone who wants to Work Together with allies so many here in brussels are hoping that under his presidency would decide to remove tariffs on european goods and would decide to engage in a constructive dialogue but of course we have to say that no one here is naive to believe that we can go back to the old days because if you just mention it what biden said on the complaint trail that he promised to avoid any new trade agreements until he invested enough in the u. As he promised to protect American Workers the slogan by american was also quite aggressive on the companion trail so there is optimism but of course no one is naive to believe that all the disputes can be resolved overnight all right and just very briefly alexander phenomenas the e. U. Is due to make in a decision on tariffs on u. S. Goods go ahead or will they wait and see now well the trick ministers are actually expected to greenlight their terrorists who are linked to a long running Word Trade Organisation dispute over government subsidies for boeing and herb there is of course a bit talking about whether its good to do it now if its right signal germany is trying to delay tariffs alexander phenomena there in brussels thank you. Suffered on a trump has conceded defeat let alone congratulate joe biden on his projected election victory he seems to know how many to leave the white house because he faces perhaps we need legal scrutiny once he returns to private life including investigations Money Laundering allegations. This house near aberdeen is a thorn in the side of donald trump its surrounded by one of the president s renowned golf resorts trump wants to get rid of the house but its owner has long resisted it was going to build a wall on the mexico is going to pay for it and i thought you have no chance of that because youve already tried that in scotland you build a fence around my property and claimed i would pay for what and that never happened so why do you think a whole entire country is going to buy to you when a single scotsman didnt david milne says he is raising the scottish and mexican flags in solidarity with those who he says trump mocked and intimidated like himself 1st there was a measly purchase offer then an attempted expropriation in the end Comes Company planted a row of trees to block Milne Seaview but milne stayed put. Hundreds of millions on a development here that has no real chance of success. It didnt make common sense let alone Financial Sense and of course you have the communities of the statements from eric truong trump is investing more than 300000000 euros into scottish golf courses whats unusual is he paid in cash investigative journalist Adam Davidson has been on the trail of trumps money for years and he says theres a pattern yes he goes into formal business with them early in 2011 this is exactly when trying to start spending this money in serious amounts in scotland on the modern family is obsessed with golf and they have a major u. K. Operation for Money Laundering that funneled tens of billions of dollars through the u. K. He says lax regulations make it easier to move money of dubious origins for things like renovation work that is never performed at an alleged Luxury Resort despite millions spent its still just a tiny hotel. Golf course you have big expenses you have to pay contractors and architects and build a lot biological weapon and move the course around to they love the way they can just fold their illegal money into a legitimate stream of cash davidson says theres still no hard evidence trumps company launders the nominee money which government investigations in many countries would have to look for this which he says is unlikely to happen no matter how the u. S. Election ends. Ok good. Luck. Language courses. Any time. That 77 percent. Are younger than 60. Cuts me and me and. You know what time of course is. 77 percent. To 77 percent this weekend on d w. Germany in 1945 hitler was dead his nazi regime had taken the lives of 6000000 jews. The countrys leading representatives were to be held accountable for their actions by an International Military tribunal for the 1st time in world history. 24 high ranking nazis were charged and made to stand trial in the german city of moore and back to school with. That class a slew of students i dont think you can consider the holocaust in terms of classical justice at all. Thats in the end theres no forgiving what happened and if its high risk its a mess. But at least the perpetrators could be tried in court how do the victims and the children of the war criminals view the nuremberg trials 75 years on. My nominees my name is paid to johan god those in 1944 we were all deported to auschwitz when my entire family was murdered there. Goes wrong im Nicholas Funk the son of hans fung hitlers deputy in occupied poland he was the governor general and politically responsible

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