A clever solution for cleaning up oil spills and pollution at sea. This is your Business Report im Stephen Beers in berlin good to have you with us the u. S. China trade war escalated over the weekend with both sides lobbing fresh tariffs on the others exports and no trade deal in sight the United States is now imposing levies on a dish on an additional 112000000000. 00 of chinese exports while beijing is countering with retaliate toward tariffs on 75000000000. 00 in u. S. Goods. Smart speakers headphones and shoes are among the chinese exports likely to be made more expensive through the u. S. Tariffs beijing meanwhile will hit u. S. Crude oil with a 5 percent here now thats the 1st time the quantity has been targeted in this dispute and of course this isnt the end of the levies the u. S. Plans to raise tariffs on 250000000000. 00 in chinese exports to 30 percent from the current 25. 00 and in december a further 15 percent tariff on chinese cell phones laptops and close that would mea
China trade war escalated over the weekend with both sides sticking fresh tariffs on the others exports and no trade deal in sight the United States is now imposing levies on a further 112000000000. 00 of chinese exports beijing is counting with retaliatory tariffs on 75000000000. 00 in u. S. Goods smart speakers headphones sneakers those are among the chinese made products that could become more expensive in the u. S. Beijing meanwhile will hit u. S. Crude oil with a 5 percent tariff and that marks the 1st time the commodity has been targeted in this dispute and this isnt the end of the levies the u. S. Plans to raise tariffs on a different set of chinese goods totaling 250000000000 dollars to 30 percent from the current 25 percent and then in december a further 15 percent tariff on chinese cell phones laptops and clothes and that would mean the virtually all made in china products will be subject to tariffs in the u. S. We are going to get giant at that meeting is still long as you k
Behind me thats why we waiting to get the official perspective on what these election losses a mean for the c. D. U. Party as you said and a good come cotton ball is going to speak there shortly to shes succeeded americal as party leader just 10 months ago what does this recall election defeat in terms of numbers do you think mean for i think were just about to see if shes there lets take a listen to what undergrad has to say. Devor the. Walk in was inflated when he literally branded in class and played and the c. D. U. Sex mistake. Catch man. Again. Ladies and gentlemen. We are meeting here today after a very difficult election sunday after a difficult result the result that we will be debating in the presiding committee of the party as well we take it very seriously for months now we have known that this election with these elections will be difficult once we have known that we will have to fight for every single vote and if you look at the figure and how tight the results were this
Isnt the end the u. S. Plans to raise existing tariffs on 250000000000. 00 in chinese exports from currently 25 to 30 percent and in december a further 15 percent on tariffs on chinese cell phones laptops and clothes that will mean that virtually every product made in china will be subject to tariffs in the u. S. Heres was u. S. President on the trump had to say about this latest escalation. We are talking to china and the meeting is still long as you think that there that they havent we havent well see what happens but we cant allow china to require self anymore because we cant go out there to take 500000000000. 00 a year out of our country we cant do that. Speaking earlier lets bring in our financial correspondent frank only bots only new tires neutral troubles how the markets reacted to this. In a surprisingly benign way here in europe the dax for example where im standing in germany is basically treading water on the Positive Side if you will going up some points the footsie in lon
Entering the conflict zone with tim sebastian. Ill be challenging those in power asking tough questions demanding. As conflicts intensify ill be meeting with kid players on the ground in a sense as a. Coaching through the rhetoric holding the powerful to account past the conflict zone. Conflict zone with Jim Sebastian thrun d. W. From china would love to be a opens its brand new deep sea port and wolf is back many are asking how dependent is this country now on goodwill from beijing which built and financed the poll. Also on the show are german and iranian scientists have found a clever new solution for cleaning up oil spills and pollution and see. The way to get around to on the city is the motorcycle taxi now that should be going electric because a ban is just around the corner. This is business africa on the. Welcome for many economies across the african continent infrastructure is one major stumbling block when it comes to driving up exports a deep seaport can come in quite handy t