Transcripts For DW Business - News 20180306 : comparemela.co

DW Business - News March 6, 2018

World. Online and interactive. German to go. And learn german for free with w. The u. S. Trade a tariff dispute ramps up and within the Republican Party u. S. President donald trump faces pressure to rethink his plan meanwhile canadian and mexican not to negotiate is the left scratching their heads over mixed messages from washington. Coming up shiny cars a bound out the Geneva Motor Show but. There are concerns among can make is about the engine that drives their business in the United States. This is your Business Update on how to have free glad you could join me well if the u. S. President Donald Trumps plans to put tariffs on imports of steel and many in within weeks resistance against the trade barriers is growing in the United States and even within the ranks of his own policy in a public confrontation House Speaker paul ryan and all the republican allies of the president pleaded with him on monday to rethink the measures which they fear could spark a dangerous trade war republican congressional leaders even suggested they may attempt to block the moves up trump remains defiant he replied we are not backing down all this comes as the u. S. Canada and mexico are attempting to free negotiate the north American Free trade deal or not which could also be impacted by the dispute over tariffs. The nafta partners were all smiles in mexico city but then the u. S. Repeated its warning it could walk away from the longstanding free trade agreement. As president. We hope for a successful completion these talks and we would prefer three were part of agreement that proves impossible we are prepared by little basis if agreement can be resolved because there was clear anger at trumps new tariffs and a warning that there was more than just trade at stake. In canada believes that all of these restrictive trade tariffs on canadian steel and aluminum are absolutely unacceptable. It is wrong to see trade with canada as a threat to the National Security of the United States. From a stance is worrying not just trading partners but members of his own Republican Party like House Speaker paul ryan theyve pleaded with him to back down but the president is adamant for those and i dont think youre going to have a no trade war actually i dont think its right for if i dont think youre going to have a trade i just think that it may be trumps idea of a tough opening gambit the art of the deal but for now his tariff threats of worried allies and Corporate Leaders like. And we could talk to holocaust meeting now the chief economist baron but bank hold it appears the president is adamant about his proposed terrace for imported steel medium do you think though that he could be using this to leverage about enough to deal as he has suggested in the past. That is probably one of the many motives behind these tariffs the major motive is probably simply to kate his bayes the angry voters who think that america can get lost glory back by rebuilding a Steel Industry that would only be competitive on the heavy import protect. Equity markets do seem to be recovering today from the initial shock of all that talk over a potential trade war im shares in hong kong closing over two percent hi whats behind that do you think. We fortunately see that even among us republicans there is significant resistance against these tariffs that donald trump wants to impose while trump will probably impose at least some of these tariffs impose them on some productive stephen of the minium this resistance from republican suggests that trump is unlikely to go much further hence the risk of a trade war that loom so large late last week seems to have receded a little but as you do point out their whole trunk will likely impose some tariffs and we know then that the European Union has readied simm tariffs to go back in the direction of the United States so if we end up entering trade war territory how damaging with that before the german industry if we have a number of realms of escalation after escalation after escalation that indeed would be damaging for the world and it would be most damaging for those countries that rely heavily on exports to the world and that of course includes a very prominently germany for germany in a way the risks in this are even greater than they are for us consumers. Meeting chief economist at bear in burke bank thanks for your insights. Well the water industry said he likes to celebrate itself at the Geneva Motor Show this year is no different with sales expected to rise but after the federal Administrative Court ruling here in germany allowing diesel bans in city centers manufacturers are now fearing that the diesel appeal will continue to decline new unused diesel cars can be put on sale with high discounts and while the industry is investing billions in alternative transport electric vehicles have only been on the market for a short while. This is how folks are going to imagine the future radically different diesel free and completely electric the luxury sedan is the full for model to mark the corporate brand new direction in twenty twenty five to fully autonomous id vision will be able to drive seven hundred kilometers on just a single charge no steering will required. That is billed by design continues to be a cornerstone of our strategy in the next five in ten years or maybe in fifteen years for the long stretches diesel will stay. In the on the use of the long range but a pretty good. Story these would buy a. Porsche has it easy to stretch got some quickly abandoned diesel cars from the program now the company is focusing on only two things racing cars for the road like the nine eleven g t three r s with a five hundred twenty horsepower engine all electric cars the branch trying to woo the deep pocketed customers of american a lecture a pioneer tesla. Fuel isnt so important for porsche in two thousand and seventeen percent of these of about twelve percent of all white. For future we will throughout the world will help. Millions of diesel cars still on the streets of europe the emissions conversation could cost billions of euros. The industry should be well advised to look into the background of an imminent driving ban and the customer losses it could bring i would suggest developing a policy for any modifications needed so the customers are not left shouldering the costs its a lion so here. For years diesel has been a billion dollar business in the e. U. But as the Geneva Motor Show makes clear its dominance in europe could be about to end. And our correspondent do. It at the Geneva Motor Show for us to see that we just heard in that report that diesel dominance is about to edit what a comic is telling us all they worried. Well really it depends on who you ask now for the most part german carmakers are still seeing the praises of diesel which is unsurprising considering how much theyve continued to invest in the Technology Even up to down now just as an example late last year birthday he spends invested a fresh three billion euros in developing new these all tech there are unlikely to for a go any kind of return of investment now others like porsche mentioned there in the report now theyve actually adopted a more noncommittal approach theyre dropping these also for now but theyve also told me that they may or may not release a diesel cayenne in the future so theyre both there is to say wait and see and other carmakers as such have also said that they would drop these all from their line of completely like reportedly chrysler and as we heard today to yoda yes to some commie kids saying a little bit coy you did mention toyota and outsing its completely withdraw from the european diesel market how is that being regarded hows it going down. Well that actually wouldnt be so controversial considering that these old sales have been waning but you have to bear in mind that toyota has a financial relationship with the d u h d u h of course is the environmental activist organization that was the driving force behind these all driving bans in germany so if i could line that up for you if you h. Has accepted money from to yo top. Its dropping its these all bans after driving bad have been made illegal in germany so when i want you to you know to earlier with this line of questioning they said no those things are not at all connected that any money that i had ever given to you age in the past was the result of all environmental studies they commissioned they had paid consultancy fees and that their decision to drop these all was mostly consumer driven so they say that but it still raised some eyebrows around here. Just now eight geneva on the story for us. As ever. Now is the head of the japanese steel making kobe has announced his resignation the company submitted full strength in quality data to its clients for its Metal Products in an internal report blames codebase internal culture searches now on the new data is to prevent it from happening again. Coby still said zealous pursuit of profit on realistic targets and in Corporate Culture all played a part in its Quality Control scandal and now the head of the company says hes taking responsibility and stepping down. Once again deeply and sincerely apologize for having caused so much inconvenience to so many people including our customers and our stakeholders by our and our affiliates in appropriate context is that going to set. The date of fraud came as a further blow to japans Corporate Reputation the countrys Third Largest still maker admitted to fake quality certificates for material sold to around seven hundred customers including some of the countrys biggest manufacturers potentially putting lives at risk it was just the latest Quality Control scandal to hit japan. Thats it youre up to date with aces from the world of business for more find us on Facebook Follow us a. Business c. C. The tut. Tut tut. Tut tut. Tut. Tutted. Heavy metal. Storm rolls from indonesia are living their dream against our topic in honor of International Womens day. The a. Tragedy is coming. To see it coming to. The media in germany always has its finger on the home. Of the much damage. Going to. Germany. Going to one official estimates more than one point two million venezuelans live in colombia. Weve. Already uncle all returned to. To visit friends just i dont think id ever go back there to live you know what i live there again i dont know so im not sure. Down witness news that matters. Made some minds. With that women wed be lost. But the world is still far from complete gender equality because the need to movement influenced the world why did based on sexism International Womens day twenty museums. Focus displayed on. Playing well consider three thousand today we meet three young indonesian women who are crazy about heavy metal. We check out a kenyan movie about the power

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