This week the u. S. And china imposed fresh tariffs on each others goods its the latest round in a bitter trade dispute the irony of the conflict is highlighted by scenes like these workers in a chinese factory making banners and flags for Donald Trumps twenty twenty reelection campaign. The dispute between the worlds leading economies has escalated dramatically since this meeting between the american president and his chinese counterpart xi jinping almost a year ago whats happened since and what has it meant for the two countries last year the u. S. Imported more than Five Hundred Billion dollars worth of goods from china in june of this year trump slapped tariffs on Fifty Billion dollars worth of them this week
duties came into effect on another Two Hundred Billion Dollars worth. On the other side chinas imports from the u. S. Last year totaled One Hundred Twenty Nine billion dollars china responded to the u. S. Terror of spy also imposing duties on Fifty Billion dollars worth of u. S. Goods in the summer and now its adding tariffs to a further Sixty Billion Dollars worth. The war of words continues to heres what u. S. Secretary of state Mike Pump Aoe had to say about the trade war in a t. V. Interview. We know this much of the trade war by china against the United States has been going on for years. Heres whats different in this administration to the extent one wants to call this a trade war we are determined to win it. Chinas leadership for its part accuses the United States of bullying with no sign of
a let up in the tit for tat spat economists say the real losers in this trade battle could ultimately be the consumers in both countries of wheat beer in the approved manner but for some theres a bitter aftertaste in the knowledge that the company that made the robot has been sold to a chinese firm how competitive is german industry in the age of digital is ation that was on chancellor Angela Merkels mind at a meeting of german Industry Groups in a speech she made the point that german industry cant even produce the batteries for its own electric cars then yes you know the f. T. China opens the first battery cell Production Companies here thats nice that means Battery Cells will be made in europe too but i dont know whether that should be our goal not to be able to do it ourselves in the European Union so i advocate that we develop the strategic ability to produce Battery Cells too in the coming decades that will be extremely important. To fix theme the growing competition
from china and the u. S. Free trade under threat from Protectionist Tariffs Britain poised to leave the e. U. These are some of the uncertainties that german industry has to contend with not to mention the specter of growing xenophobia in germany itself. German economy we need open borders we need an open mind and this we need a globalization we are working in the in and with a Global Environment so. National protectionism is not what we really need amidst all the uncertainties there was certainty at the meeting on one point the economic boom has passed its peak worldwide and in germany and Industry Needs to chart a course to get it through less profitable times. Oh thats what is. Turkish president regift heir to one arrived in germany under high security. The
controversial state visit comes at a time of political tensions between the two countries. Heir to one is under pressure due to his countrys economic and financial crisis germany is turkeys most important Trading Partner and everyones trip is also seen as an attempt to drum up support from the e. U. s biggest economy. And more c o d to choose stepping down next year the german car maker announced on wednesday but hes hoping to keep a hand on the wheel as the head of the Supervisory Board starting in twenty twenty one such as departure comes at a turbulent time for the luxury automaker which faces challenges from looming diesel benz u. S. China tariffs and the Effort To Go Electric Search has led the order concern for twelve years his successor is research and development chief chilean ears the forty nine year old has been a timeless since One Thousand Nine Hundred Three. Budget
airline ryanair cancelled Two Hundred Fifty european flights on friday as cabin crew and pilots went on strike in six European Countries Tens Of Thousands of passengers were affected the staff are demanding better wages and working conditions unions have long criticized the dublin based carrier for wage dumping on wednesday the European Commission warned it to comply with e. U. Labor rules. A general strike in argentina brought the country to a standstill this week unions called out the thirty six hour long work stoppage to protest against austerity measures imposed by president Mauricio Markley the measures are aimed at reducing the countrys huge Budget Deficit as agreed with the International Monetary fund. The i. M. F. Increased its loan package for argentina to Fifty Seven Billion dollars this week. Garia is a major textile producer largely due to low labor costs here in the southern town of gazza del chip many earn a living in the Clothing Industry German entrepreneur bear tom hartman has been producing clothes here since One Thousand Nine Hundred Three when he founded the company pier and tex it manufactures mens and womens fashion for Luxury Brands mostly sold in German Stores two thousand employees work here the average net salary of Three Hundred Fifty Euros per month is higher than in other factories around the country. More than the average we expect on the average from our employees we expect things like quality flexibility and adapting to new products and materials. And. Its two thirty pm time for the shift handover employees fought hard for their above average salary a few years ago they shut down the Production Line with a strike outside of the factory a worker says the salary still isnt enough to survive on. Workers Rights Groups see it that way to the main headquarters of the Union Representing clothing and textile workers is located in the capital sofia it represents Five Thousand employees and says bulgaria is suffering from low wages. Our members throughout the country report that the standards and the daily targets for selling cannot be met in a single day they often have to work overtime. At pir in techs the boss is currently struggling with other problems many young people have left the country for other parts of the e. U. Hoping to find their fortune or at least better working conditions. New york in lockdown during the u. N. General Assembly Session the city was full of unusual social entrepreneurs from Latin America Europe and africa were also at the u. N. This week they were honored for they did occasion and work like from kenya they developed an antiviolence soccer initiative. When i started out it was not about winning any i was just a crazy dream with the football so this is a muslim guy who all she ever wanted was to kick a ball and now today we have One Thousand Six Hundred Forty Five playing football and youve had like for the last four years not a single gal dropping out of school they have all transitioned to high school and my hope is theyll transition to university and come and take over my job the foundation support social entrepreneurs by supplying know how and networking its on a tree hundred fifty of them here in the last twenty years who were just in the hunger
is still very big in the world and the social entrepreneurs really work at the Grassroots Level they improve the conditions in small villages around the world. They do that with innovative ideas like the fair phone and environmentally friendly and ethically sourced smartphone. Shirt has for me to do with their what sustainability on the one hand making sure you look at the material see you longevity of the products but also the impact it has in the splotch and on working conditions here in the capital of capitalism for at least a few days its not all about profit. A high ranking delegation from sri lanka was in germany this week to solicit german investment German Companies are involved in the Island Nation to the tune of One Billion Dollars thats still modest compared to the Fifteen Billion dollars china
has invested in sri lanka since two thousand and five. Yes but. We are here primarily to attract. Investment from germany and to increase trade between doctoral countries. Are very keen on improving. Increasing i exported germany. Object mission here. Sri lankas president serious and now has promised to reduce his countrys reliance On Beijing Chinese funded Infrastructure Projects have sparked protests like here against the Planned Port City in colombo. A new district is being built on an Artificial Island in the capital all financed by china these impressive animations are designed to get german and other european investors on board. German Business Leaders would also like to strengthen ties to sri lanka starting this year germany
has its own Foreign Chamber of commerce in Colombo Sri Lanka at the moment. When a strategy tries to position itself as a trading help us wall not only a syllogistic cops. Several Free Trade Agreements have been signed and entered into force and the policy of the government is to open markets committed and to promote free tapes very back to flee the area of green energy is one such market a countrys Electricity Grid is outdated yet almost fifty percent of sri lankas electricity comes from renewable sources including hydropower and one of its Largest Hotel chains now relies on solar energy. And that was our Business Week in review. Im not laughing at well because sometimes ill put myself in with the talent and i think deep into the general culture. You will get to this ground that they all do you its all that. You know im rachel join me and you think everybody else post. Here whats. Ford focus legal tough lengthy to talk about fear for just. Going to sleep off every weekend. Under a small fierce in my clubs. Where i come from rajoy remains an important Moonsault Transmitting new and form ish and when i was young my country was drawing many conflicts the war problems most people
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