Analysis from frank. electric comic a tesla has broken ground for its massive shanghai gigafactory its first cup plant outside the united states at the ceremony test the boss you know must join the city s man to ignore greg the two billion dollar project it s china s first holy foreign owned cop plant a reflection of beijing s broader shift to open its automotive market that amid the trade war with washington which has seen a rise in tariffs on cars important from the u.s. . tech rivals apple and samsung are cooperating on at least one front they have struck a deal that will see i choose video content made available on samsung smart t.v. s apple plans to offer more services to reduce its dependence on i phone sales last week it says plummeted after it lowered its outlook to two weak demand for i phones in china to deal with the world s biggest t.v. maker could help apple expand its reach. and the consumer electronics show in las
Worth of goods to the u.s. every year so far washington has threatened to slap tariffs on chinese goods worth around two hundred fifty billion dollars china also retaliating albeit to a smaller scale because the u.s. exports fuel goods to the country it said it could impose extra judi s on goods worth one hundred ten billion dollars the two countries declared a ninety day truce or cease fire last month and the pressure is on to resolve the dispute before that expires end of march if you think that is achievable. the u.s. and chinese representatives will need one key quality staying power these trade negotiations are set to be blown and difficult none the less this real hope that the trade conflict may finally be brought to an end china has already opted to ease tensions by lifting its ban on imports of u.s. only be and suspending extra tariffs on american cars business leaders are expressing cautious optimism we re seeing an acceleration of many of the policies
At the trade policy if we look at the north korea talks are also at the paris climate account and there had been reports that rex tillerson thought about quitting but then got convinced by vice president mike pence to stay so in that respect it does not come as a total surprise that tillerson is gone but in general it is interesting to see how the markets rocks all this political turmoil of gary coleman gone tariffs on still isn t gone and the market is up and up and up even if we lost a little bit of momentum here in the tuesday s trading session ok it s interesting not booze in frankfurt germany best as what already jet trade about the prospect of a trade war with washington so rising pressure on markets there in front first absolutely this afternoon the traders and investors here in frankfurt have become a bit more jittery the german share index tax has lost more and more since the news