trade war is going to hit american companies really hard how hard do you think. well we also have analysts on this side of the atlantic and some u.s. analysts are actually saying that europe was specially china actually might get too targeted and the u.s. economy well it really depends what sector you re looking at so i mentioned the car industry so that could be a big one more than four million people are employed to you in the u.s. in the broader car industry but we also have companies like campbell soup for example so they reiterated that for example their canadian business really got to hard terrors from canada this past sunday so it really depends on the industry but overall the u.s. is far less dependent on exports than the european union or also than china but well at the end of the day we all knew those trade wards are not helping any economy at all you heard it from quarter on wall street the
to balance the market opec and non opec producers a great last month to boost output after reducing production last year to ease a global glut. societe generale is buying the equity markets and commodities business of germany s. acquisition still needs regulatory approval and would enable the french institution to expand its operations in europe s largest economy the news comes after speculation germany s biggest the most trouble linda dodge a bank had been considering a merger with comments. let s talk about this with the red bulls in our financial correspondent in frankfurt conrad is this becoming a trend we have seen it with deutsche bank now comments dropping riskier parts of its business yes fan you know after the financial crisis the regulators introduced stricter rules stricter regulations stricter capital
white house says the car industry is just one area in which the e.u. is clearly taking advantage of the u.s. does the trumpet ministration have a point the u.s. studio car imports from the e.u. is just two and a half percent the other way around the european union levies ten percent on imports from the u.s. so quite a difference there but those figures only tell half the story when it comes to s.u.v.s and pickup trucks the u.s. auto industries main source of income european cars a subject to twenty five percent tariffs the u.s. two hundred ten percent now that twenty five percent taf dates all the way back to nine hundred sixty three it was known as the chicken tax a response to tariffs that france west germany imposed on imports of american chicken just goes to show trade tensions and nothing new but the damage they could inflict could be exponentially larger considering the global supply chains of today
from both sides the for the u.s. and china hit the trade certainly remains all the rage here on wall street and it looked like the calm before the storm but then actually we saw reports that chip maker mike went to good knowledge has been blocked to sell certain memory chips in china and after that report the stock of micron dropped like a rock and also took some other sunni conductor makers there with them but then when we were looking at friday one of the big open questions if if china actually will impose tariffs to imports for us cars in the amount of twenty five percent we got some pretty decent sales numbers for the u.s. car manufacturers for the month of june here on tuesday but still the stocks went under quite some pressure because for the u.s. and the global car industry a lot is at stake here when it comes to those tariffs on friday as you mentioned we re already seeing the corporate cash and the european analysts reckon that this
to touch actual. music channels available to inspire people to take action and more determined to bring something new to the next generation gloomily it s the environment series of global three thousand on t.w. and online. the corporate fallout from trump s trade war starts to become clear the friction threatens to inspan major chinese companies u.s. firms are also caught in the crossfire. caught trouble european auto giants price themselves for the u.s. levies china is said to retaliate and could dent american auto manufacturers too. and banking consolidation how the french just making their way into the german financial market. i ve been for all unless your business china says. it s fully