alpha's in berlin well come a day before the g 20 summit kicks off in japan there is significant movement in the trade conflict between the u.s. and china according to the south china morning post and politico the 2 sides have agreed on a so-called tentative truce delaying a fresh round of u.s. tariffs that would have extended levies on nearly all chinese products coming to the u.s. according to the reports the tone was a condition the chinese side is set before agreeing to a meeting between president xi jinping and donald trump now scheduled for saturday on the sidelines of the g. 20 meeting. chinese president xi jinping arrived in osaka in the rain on thursday morning but the forecast for trade talks with the u.s. has apparently gotten a little sunnier amid reports of the tentative truce on the tarney topic of additional tariffs optimism has been building among world leaders that a deal is within reach between the superpowers when their leaders meet in japan.
but it will not work in regard to the u.s. china trade dispute it will be expect the united states and china will constructively resolve the issue through dialogue including the us china meeting during the g 20 summit. where at a time of very high tensions between the united states and china so during the g 20 summit i hope we can have talks that will ease the tensions separate mountains analysts say and out and out solution to the trade dispute is unlikely to be found this weekend but one survey of investors suggests they aren't expecting any new tariffs either as the latest report suggests your trump has not ruled out the possibility. that it's possible we're going to get there but i'm also very happy where we are now we'll take you know what you can if we don't make a deal i will terrified maybe not a 25 percent but maybe a 10 percent but i will terror of the rest of the $600000000000.00 that we're
talking about. a trump lookalike has already arrived in osaka for volatile markets need from this weekend's g 20 is a real deal. and while there seems to be some progress with china things local a little less clear with another important u.s. trading partner india following us move to suspend indian trade privileges india last week raise tariffs on 28 u.s. imports mostly cultural goods in a tweet from call for terrorists unacceptable and demanded quote must be withdrawn at a meeting with indian counterparts on wednesday u.s. secretary of state might pompei or set the countries to work through things. joined it is studio by dennis snow he's the president of the global solutions initiative that's a gathering of the world's leading think tank so you are presenting a lot of brainpower today here thank you for joining me denis truce with china
seems to be that a resolution of the conflict on the cards more trouble is brewing with india those 2 conference on the pa no not at all and those who are close to the discussions say that the entire threatened trade war between the us and china is not really about trade it's about technological dominance johnny who explained china has accumulated a huge strong position in the new digital technologies because the china's such a large country and the state has an enormous amount of information about its citizens and. helps it make very rapid progress. and that is a threat to their perceived as a threat to the united states as a power not not it's on our power and there of course the matter is about who will be dominant in the digital age in the future with regard
to india this is not the same issue the same is the trade bobbie we've been reporting and talking about the trade war for i don't know how long now is that really our biggest problem in the world economy right now. well trump could make it a very major problem because a trade war can cause a huge amount of damage to the world economy but at present we've got lots of other problems they have could be another financial crisis because although we've taken steps the system is still unstable because taxed. is still there to rescue law or just financially relevant institutions and there are many other global problems particularly problems concerned with the regulation of e-commerce and services which are not
covered by trade rules and so the focus of goods is misplaced because we are moving into a world where goods will be produced lauds lee by machines close to the customers but the big world trade issues will surround services that are digitally movable that let's say this trade war with china comes to an end this weekend is the u.s. any better off. for it because the i.m.f. says it's cost $455000000000.00 u.s. dollars in damage per year so trade wars this skirmish has already been very damaging and the thing to be understood is that most goods holidays and produced in many countries so the factory of to day
expenses across many national borders and therefore if you have a tariff that's like a wall inside a factory it obstructs everybody and damages everyone including the u.s. which has so far has been estimated suffered $60000000000.00 of damage but trump trumping good with balls has he really can he claim that he has achieved anything for american workers economically he's done the opposite he's hurt american workers because the damage that is done through the production of goods and services and they can. more expensive exceeds the. trade to think of using american workers more intensively but i think what is overlooked in all of this is the terror of war stands for something important
in american identity of those who feel on the privileged and they believe this is a president who is fighting their corner and that can supersede a lot of economic ills and snow thank you very much for coming to the studio today . bya is taking steps to deal with the damaging series of legal challenges it faces in the u.s. over the life aside based decides the german from the city because maker has set up a special committee to try to cope with the potentially massive legal bills it faces are for its subsidiary most monsanto was deep responsible for causing cancer and uses of its meat kill around up by already faces many millions in legal bills. let's bring in our financial correspondent and i suppose pound from. those what does this mean for buying. get it indicates
a change in strategy it seems that by. settling its legal cases they have been more than $13000.00 cases against bio and has maintained that glad to say it is safe and it has ruled out any settlement but yes we did say that it has also hired a lawyer which it. said is an expert at negotiating settlements then this is certainly pleased with this piece of news. that up more than 7 percent the biggest movie on the x. 30 why is this change of heart. well there is because this has been actually bearing down on bio it hasn't been able to do any thing substantially because there's just so many legal woes for it the shareholders have been turning have been increasingly frustrated by a for not having a clear strategy as far as its legal concern legal cases are concerned so perhaps
it could do with that also then they will also speculation that some activist investor will actually come in and break buy in to split it into parts and having said that now management which has yesterday's close to share of. 2 percent in the company has welcomed this move and it says that it will lead to a speedy you can see the asian and settlement of this problem thank you. boeing's 737 max fleet is not going to return to the skies anytime soon it seems following 2 crashes involving the 7 for 7 months model in indonesia that is so poor that if you know p.r. that left 346 people dead the u.s. plane builder suffered another setback pilots conducting simulated tests to examine boeing software fixes on the plane have discovered new glitches the u.s. civil aviation regulator has announced now no further details were given that might
mean the planes could remain grounded past the summer when it had been hoped they would return to service says boeing fell 0.7 percent in after hours trading. it's over i say there's no such thing as a free lunch but in indonesia you might be able to get one right now because in the city of yogyakarta local farmers have started to give away that chickens for free it's a protest against misguided government policies. satay chicken grilled on a skewer and served with a peanut sauce is a popular dish in yogyakarta this week people in the indonesian city were eating it for free. poultry farmers gave away thousands of birds to protest against plunging prices when the action began customers thronged the market to take advantage of the freebies. it's a sign of our concern and our protest to the government because the price has been
below the production cost. breeders have been producing more chicken in the country consumed in response the government ordered them to cull 3000000 chickens over the next 2 weeks to prop up the prices the farmers decided to give away the birds but if you do know it's better like this they'll be rewarded by god i she took 2 free chickens home. for me and business in here and brought in 4 storeys jay carson. oh it's supposed to go to a call slush business don't go away just now also culture has missed. the mob.
mob. come up. to. the the. odd. when much of europe
wanted to kick them out maria microbiome he invited them in. mosts home to one of the worst pretty she can see in the mediterranean. but one woman makes life a little better for her new neighbors. memory and the refugees of some osaka. 30 minutes. earth. home to millions of species a home worth saving. here as much as on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term the climate used to green energy solutions
and reforestation. they create interactive content teaching the next generation about environmental protection and we're determined to build something here for the next generation blood 2 years the multimedia environment series on g.w. . you know that 77 percent. are younger than 6 o'clock. that's me and me and. you know what time of course is. on the 77 percent talk about the issues. from politics to flash from housing boom boom town this is where. welcome to the 77 percent. this weekend on the t.w. . play

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