A solution can be found the e. U. Says it will consider further countermeasures. Some e. U. Retaliatory tariffs on American Products came into effect at the start of this month for jack daniels the United States biggest Whiskey Exporter it may mean Hiking Prices in europe and washington correspondent Claire Richardson went to lynchburg tennessee to get a taste of the problem. American whiskey in the firing line now that the European Union has hit back against President Donald Trump with tariffs of its own Companies Like jack daniels are being forced to make sacrifices that could hurt their bottom line. Im here in lynchburg tennessee home to jack daniels obviously its why they did it they said they plan to increase their prices. For consumers in the year you in the area that you are choosing what you think will forego the expense of a good product and simply pick the best. Tennessee strongly backed trump in the
twenty sixteen elections thats likely the reason distilleries here are feeling the brunt of europes response as brussels turns up the pressure on places the Republican Party needs to win in the upcoming midterm elections. Now the few hundred residents of Lynchburg Have found themselves in the center of an issue. A National Trade dispute. If the tariff situation is going to. Over all the Bottom Dollar of jack daniels getting their product to anywhere outside of tennessee or outside of the United States would be and that would raise their cost. And eventually could have picked lynchburg. The biggest fear is what unhappy customers in europe would mean for jobs here in tennessee. The immediate probably will be. Happening to pass that cost on to the consumer so. Poor people in germany would have paid more for. Sorry. For
europeans up price. And for jack daniels a painful hangover from Donald Trumps tariffs. And donald trump is threatening to impose tariffs on all chinese imports lets dig deeper with the culture on wall street guess how markets taking the. Well i mean first of all those tariffs are not implemented yet and it might take some months if they come at all but we do see Certain IndustriesCertain Companies are where we do see some pressure of the car industry for example or other multinationals like boeing where we do see stock prices falling a bit but overall the market is still taking it easy we just finished the third consecutive week where blue chips actually saw gains even if the market was tiny little bit under pressure on friday but overall the market really takes it to
rather cool who at this point and so china can simply impose counterterrorist as they done in the pasta because they just dont import enough u. S. Goods to match what the u. S. Is doing so how could china respond. Now certainly if we look at the figures the u. S. Exports goods to china in the amount of a good One Hundred Thirty Billion dollars and they import goods from china in the amount of a good Five Hundred Billion dollars so on this side the u. S. Seems to be here in the drivers seat but china certainly has possibilities to counter one for example would be if china just devaluates its currency if the yuan is going to fall further and actually it already dropped to the lowest in about two years so that to a certain degree would level out higher tariff they can also stop buying u. S. Treasuries they could make life miserable for us corporations have been active in
china so theres a whole lot actually of a china could do to counter those tariffs against thank you its been a pleasure. North korea has posted its worst Economic Performance in twenty years figures from south koreas central bank showed the socialist norths economy contracted by three and a half percent last year as manufacturing and agricultural output sank a poor showing can largely be attributed to International Sanctions and twenty seventeen the Un Security Council banned the norths main exports which include Coal Minerals and textiles its leader kim jong un has accused Factory Workers of not working hard enough. Japans parliament has approved contentious legislation allowing up to three Casino Resorts to open in the country supporters say the casinos will attract more tourists including many wealthy Holiday Makers but opponents contend the law will fuel Organized Crime and gambling addiction. This is pitching co a slot machine stand again up until now it was one of the few types of gambling allowed in japan but that is about to change on friday the government passed a controversial law legalizing casinos modeled on the status socalled integrated resorts are aimed at giving japan stagnant economy A Shot In The Arm the resorts will combine the casinos with the talents retail and Conference Areas the bill is vigorously contested among the Opposition Politicians and the public a recent poll found a majority of sixty two percent against it people fear Organized Crime will move in the country also has a well documented problem with gambling addiction. Even now we already have people losing It Bitching Copal is a Slot Machines and some committed suicide. And in comparable amount of
money moving with the casinos. So im against it. But some underscore potential economic benefits. The economy will grow and employment will increase. Unlike the Pachinko Partners which operate in a legal gray zone and hence face no gaming taxes casino sales will be taxed at thirty percent the government hopes to generate revenues of up to Thirty Four Billion dollars a year. The market for comic books is clearly dominated by the two big superhero brands supermans d. C. Comics and marvel the home of spiderman they count for two thirds of global sales as the market for comic books declines much of the money comes in from Licensing Deals for movies and merchandise and if you want to find out whats hot head over to comiccon san diego worlds biggest comic festival. Comiccon is
long sold out even though the venue can hold One Hundred Thirty Five Thousand people a day ticket for those lucky enough to get one can cost over Sixty Dollars some bring the whole family under a lot of come in style known as Cosplay Dressing Up Trend comes from japan and its growing first. I like getting attention. Here and have people come and talk to me. Elsewhere flooding all that. Has had to spend around one hundred fifty Million Dollars in san diego during comic cons five days not counting the cost of some of the extravagant costumes plenty of comic con addicts prefer the homemade versions of. This paper sword might last until next sunday when comiccon closes producer. That wraps up another Business Update normally around this time i say to you that ill see you tomorrow same time same place but that just wont be the case this time im heading on to
pastures new leaving behind the country ive called my home for nearly a decade and the broadcaster that supported me for the past three and a half years. Before sign off for the final time id like to thank my friends and colleagues here at d w my dog chevelle a family and id especially like to thank Manuela Cast By Claridge the head of the English Channel without whom i wouldnt be sitting in this chair most of all id like to thank you for watching. If you want to follow me on my next adventure you can follow me on twitter at winter have been is but for now keep watching d. W. And goodbye. Hundreds often use in my comps. When i come from raja order means an Import Fountain soft transmitting meals and conformist and when i was young my country was in drawing confidence the warts robin of people most people would gods about entourages the sinners. It was my job to to in one of the not just sites so that everyone in the town fold and listen to those against me. Nothing has been from incident i have known comedy had enjoyed not three more years on the rom even if its not by us i was its weight and from. My choice discarded because given the way told transmitted its the strongest. Man in the best mom mix and i will not see did up until