Exports from france and the u. K. In what could become a wider transatlantic trade fight. Just what everyone needed. Correspondent mike mckeen is going to break down those details. You missed it right . Terrace man, he is back. The Trump Administration getting ready for another round of tariffs on the European Union. This time legally permitted by the wto which the administration billion ino 7. 5 tariffs because of illegal subsidies to airbus. The initial round only targeted half of those. Ony put in 15 taxes aircrafts and parts, 25 and including Gourmet Foods like scotch whiskey. Also industrial goods like pipe cutters. Now they want to impose a new round using up the rest of the money, they would put tariffs on things like all lives, be your, trucks, beer, clothing. Good news for guy, bad news for alex. Edition jin would get more expensive at the height of gin and tonic season but maybe an excess of supply would help guy in london. This is something called carousel retaliation. They
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
Kongs leader issues a harsh warning to anyone caught violating that controversial new security level prodemocracy activists fear that there will be more suppression of dissent and that security law its causing tech giants like soon facebook and twitter to reconsider their hong kong operations even the chinese own video clip after. Says its pulling out of the geritol. Its good to have you with us under his face mask it wasnt clear whether brazils president also nado was red faced with embarrassment or anger but tonight we know with certainty the man who has ridiculed steps to contain the corona virus that man has tested positive for the bikers also made the announcement on. Brazilian television today he says that he has symptoms of covert 19 including a fever but he says he feels well enough to walk around wilson or has drawn criticism from Public Health officials for appearing in public without a protective face mask and for saying that it was not worth the effort to prevent the majori
Chinese own ticktock pulls it out from hong kong can a social media sensation escape the crossfire as the rivalry between china and the us. Also on the show new developments in the facebook ad caught well talk to our from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of covert 19 in the country so far. Hello and welcome to the show im Stephen Beardsley and this is your business update. Has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump aoe even said tuesday that banning the app in the u. S. Is a possibility. While web users in Mainland China have to negotiate a powerful censorship system hong kongs internet is free and open until now anyway Google Facebook whats up telegram and tw
The u. S. Plus, hong kong possibly to, carrie lam issuing a harsh warning to anyone caught violating the new laws. There is that there will be more dip suppression of dissent. That has caused facebook and zoom to reconsider being in hong kong. Tiktok says it is pulling out of the territory. I am brent goff. To our viewers on pbs in the United States and around the world, welcome. Under his face mask it was not clear if a sonata was redfaced with anger or bolsonaro was redfaced with anger or embarrassment. He tested positive for covid19. We will have to wait and see if he Still Believes as measures to keep his fellow countrymen from catching covid19 other those are not worth the effort. From the very beginning of the outbreak, the sonora bolsonaro played down the virus and described it as a flu. He flouted social distancing recommendations and other measures including wearing face masks in public. Bolsonaro tested three times previously. They all came back negative. On tuesday, the braz