two countries failed to resolve their differences beijing says it will retaliate what will the impact be on the global economy also coming up. the first results from south africa's election showed that the ruling a.n.c. is heading for its was outcomes in its twenty five years in government. drawing with the party of nelson mandela. and a right kidney company google for plans to make its debut on wall street we speak to the driver discussed struggling to make make ends meet and i'll skip the company's low wage business model has come to an end of its travel. it's a standoff that could have far reaching negative impacts on the global economy at the stroke of midnight of washington time the united states increased talent's on some two hundred billion dollars of imports from china the move comes as the two sides failed to resolve the dispute over trade over the last few hours investors appear to have taken some parts from the fact that the talks are due to start up again today. but this has on settle so the was economically this france's finance minister bernard a man said that no one sho

foreign companies done up in beijing i want to bring you in the head like a lot of pain if i may. let me let me also corset let me bring in diane i was just going to add a small point. let me bring in here from beijing done you've heard what the other two guests have had to say a lot of this seems to be about technology technology transfer and what the americans are calling technology fixed china is about to move up in sectors it's about to move into the tech world and that seems to be what's driving this is china stealing technology. well. i'm in no intention to defend a lot of practice is the chinese government does it does give unfair comparative advantage to a lot of state owned enterprises but in terms of stealing technology i think there are different interpretation of it because if we're talking about protecting the domestic industry this is an industrial policy than many countries have adopted in their earlier stage of development so we're talking about development policies here you can just open up the market say like the south african one nine hundred eighty s. because

three for beijing by this stage a little more cloud just coming into northern parts of china we have fair bit of cloud into central and southern parts of china recently the southeast do quite nicely saturday twenty nine celsius for hong kong in a similar temperature as we go on through sunday some of the central areas could still see some spells of wetter weather just coming through from time to time that spells a wet weather too with from time to time across southeast asia lots of sunshine but want to see. some showers just pushing their way into the philippines easing across india china some of the wet weather for a time to into thailand bangkok humid thirty five degrees celsius here on sunday afternoon for the south lost the showers across malaysia some wet weather into northern parts of indonesia are starting to improve to one of two showers for jakarta with a top temperature here of thirty three degrees. in a two part series. zero observes the lives of two children. over twenty years. where insights into circumstances that shape lives. in a rapidly changing. twenty years of me s

. but alternatives are making a comeback. >> this is what beijing looked like 30 years ago. baback then, china was c callee kingngdom of bicycles. but then, urban planners had a different idea. for decades, they did evererythg they could to make beijing more car-friendly. around six million vehicles now clog its roads and highways. and the kingdom of bicycles has become thehe capital of traffc jams. thenen, two years ago, colorfl ntal bikes s suddenly began appepearing everywhere. all l you need to use one e bry is thepppp, and they cost less ththan 30 euro cents per hour. so a anyone with a smartphone n now find a bike practically anywhere. i went to find out if the new chnology iencouraging people to get out of their cars. mobike was the first bike-sharing company. it launched in 2016, a and now claiaims to have 2 200 million s worldwidide. >> at fifit there was cut-thro mpetetitio therere were over r a hundrd companies s on the markeket. now there arare just three or fr leleft. wewe're not makiking a profit , but we're gegetting there e biy bit. our reresults in sepeptember e extraor

. and china collapse donald trump says beijing is breaking the deal while china and says it won't be pressured into making more concessions so who's winning the trade war this is inside story. hello and welcome to the program i'm wrong attempts to end the u.s. china trade dispute that appeared to be making progress but just what a deal was looking more likely a rift is opened up between the world's two biggest economies the u.s. says china is backtracking on promises such as protecting intellectual property and stopping unfair trade practices president donald trump is raising the tariff on two hundred billion dollars worth of chinese goods from friday beijing is promising to retaliate and says it won't buy out to pressure to make any more concessions both sides are taking an aggressive stance as china's vice prime media heads to washington for the latest round of negotiations that broke that. they can't do that so they'll be paying. we don't make the deal nothing wrong with take it in over one hundred billion dollars a year. hundred billion we never did that before and we won't back

tariffs on all the remaining imports from beijing. alleging intimidation why several opposition politicians in venezuela seeking sanctuary in embassies or neighboring countries and the long run and crisis in venezuela heads cuba as it's forced to ration the supply of basic food. yemen's hope the rebels say they will not unilaterally withdraw forces from 3 key ports 4 day starting on saturday. de the whole thing is ah to redeploy troops from the ports of holiday the sally and eisa while the yemeni government says they offer as an accurate and misleading the whole thing is say the action is a result of the solving that coalition's refusal to implement the stock or an agreement in german and a quiet reports. the battle for the port of her data has been at the heart of the humanitarian crisis in yemen aid agencies have pleaded with the warring factions to withdraw from the strategic port a gateway for desperately needed food and medicines. millions of facing famine after more than 4 years of fighting between the who thiis and coalition led by saudi arabia and the united arab emirate

problems but alternatives are making a comeback. this is what beijing looks like some twenty years ago china then was called the kingdom of bicycles that planners had a different idea. for decades they did everything they could to make beijing car friendly around six million vehicles now clogged roads and highways and the kingdom of bicycles has become the capital of traffic jams. then two years ago colorful. rental bikes suddenly began appearing everywhere all you need to use one briefly is the app and they cost less than thirty euro cents per hour so anyone with a smart phone can now find the bike practically anywhere i went to find out if the new technology is encouraging people to get out of their cars. mo bike was the first bike sharing company it launched in twenty sixteen and now claims to have two hundred million users worldwide and there's a battle. at first there was cutthroat competition there were over one hundred companies on the market and now there are just three or four left in you and you're not making a profit yet but we're getting there bit by bit of our results in s

from beijing. alleging intimidation why several of position politicians in venezuela are seeking sanctuary in embassies or neighboring countries. and the long running crisis in venezuela hits are like cuba has its forced a russian supply of basic food products. so then yemen's who the rebels say they will unilaterally withdraw forces from 3 key ports over 4 days starting on saturday that he thinks ought to redeploy troops from the ports of her data salif and iraqis while the yemeni government says their offer is an accurate and misleading who thesis a their action is a result of the saudi led coalition's refusal to implement the stockholm agreement dream that this report. the battle for the port of her data has been at the heart of the humanitarian crisis in yemen aid agencies have pleaded with the warring factions to withdraw from the strategic port a gateway for desperately needed food and medicines. for millions of facing famine after more than 4 years of fighting between the who thiis and coalition led by saudi arabia and the united arab emirates and now who 3 rebels will wit

euros huge sum for a tiny balkan nation. for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt and road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates to highways bridges railways ports a network stretching across asia africa and even to europe part of countries are often eager for investment and for improvements to own infrastructure the new silk road is a charity project of course china is lending money and spreading debt sri lanka even hand the report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon will be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employ

georgia choose your favorite color. chinese shares look rotten today beijing says it wants swallowed to have fruit as washington raises tariffs again but u.s. officials contradict trump admitting the trade was hurting both sides. allege sabotage attacks on the world's most important oil. warnings to ships in the strait of hormuz that they could be next. and the turkish lira keeps falling against the dollar as faces a rerun of its contested merril vote. had been physical and it's to business china says it will not yield on matters of principle that's not stopping stocks from resuming their slump you want also down on the trade impasse between the world's top 2 economies the united states has doubled juvies on a raft of chinese exports and while president donald trump gloat he's now got beijing right where he once said his own advisers admit the reality is different. fish textiles and footwear if they're made in china are about to get a lot more expensive for u.s. consumers. that's after the u.s. hike duties on those goods to 25 percent and more terrorists might be coming according to u.s

u.s. china trade standoff escalates beijing hints at choking off vital rare earth exports to the u.s. . also on the show their boss celebrates its 50th birthday in true middle age fashion contemplating past successes and failures. and spinning in old tradition into a new revenue stream how kenyan farmers are swapping high risk crops for silk production. welcome to you business i'm stephen beard symbol and it's good to have you with us while way officials complain the u.s. president donald trump is applying the full weight of the american state to kill their business despite that the chinese telecoms giant is now appealing to u.s. courts to find in the firm's favor arguing the u.s. ban on its hardware is unconstitutional meanwhile the trade dispute between the 2 nations continues to simmer with beijing now threatening to restrict key mineral exports to the u.s. . for huawei the case is clear politicians in the u.s. i use in their skins off an entire nation will come off a private company they are using every it tour they have including legislative and administrative and diplomatic to

pressure on israel to ease conditions here. rice said ahead on al-jazeera beijing stocks the countdown to the winter olympics tonight peter would have a decent spatial. up. the at. the al. qaida. al. we. now welcome back private companies increasingly challenging national agencies in a new space race u.s. billionaire jeff bezos has unveiled a new note that he hopes will track will be transporting astronauts to the moon within the next 5 years victoria gates maybe explains. in a few weeks time it'll be 50 years since 3 american astronauts landed on the moon now the united states is in a new space race with russia and china. but whereas in the past u.s. rockets to a nearest neighbor were funded by u.s. taxpayers multi-billion as such as amazon founder jeff bezos are increasingly paying for private benches into space speaking to an audience of nasa scientists as well as invest as he unveiled a lunar lander called believe moon he says it could be used to transport equipment and people to the moon in the next 5 years and then work on the slender for 3 years it's a very large lande

beijing has celebrated $1000.00 days until the start of the winter olympics it was a huge turnout in the olympic park on friday of the organizers and special guests started the countdown clock beijing will make history in 2022 years it becomes the 1st city to have staged both the summer and winter games china is hoping these olympics will get up to 300000000 people involved in winter sport. organizers also offered a glimpse of what the venues will look like including the national sliding center which will host events like bobsled and lose it will resemble the shape of a chinese dragon and allow races to reach up to $140.00 kilometers per hour on the downhill sprint section. and that's why we have more coming up again later thank you very much peter that does it for the news hour from there as proprietor thank you very much for watching. the wire. in 2008 al-jazeera documented a groundbreaking scheme. preparing some of india's poorest children for entry into its toughest universities. ready 10 years on we return to see how the students and the scheme of helping change the face of india. s

of chinese goods, after accusing china of unfair trade practices. beijing has put duties on $110 billion of us goods, blaming the us for starting "the largest trade war in economic history". 0ur asia business correspondent karishma vaswani joins us now from singapore, where she has been following the story. karishma, welcome to you. it seemed to come out of the blue this tweet. things have been going so well, do we know where it has all gone wrong? that is not clear to be honest and you're absolutely right, things did appear to be moving on a a positive pace. remember, just last week, we have the us trade delegation led by the us trade secretary stephen nguyen and the trade representative robert lighthizer. they were in beijing at the end of last week and at the end of those talks, mnnuchin actually tweeted that those talks we re actually tweeted that those talks were productive and they would move to washington at the end of next week. —— mnuchin. we have had the threats of further tariffs as you just explaining in those tweets and thatis just explaining in those tweets and

want to get jones and. beijing says it won't swallow bitter fruit and apps upon it china just announced it will raise tariffs on u.s. goods in response to washington doubling its tariffs on china but u.s. officials warn the trade war is hurting both sides. also on the show pakistan's e.q. is a 6000000000 dollar lifeline from the international monetary fund i meet high inflation and massive debt. and after the opening of the rice market in the philippines small farmers feel for their livelihoods. alone welcome to business asia want to get jones good to have you with us the u.s. china trade route enters a new chapter beijing has just announced it will impose tariffs on $60000000000.00 of u.s. goods from the 1st of june this comes just 3 days after washington doubled to duties on a raft of chinese exports and while the economic saber rattling continues u.s. consume us stands to foot the bill. fish textiles in footwear if they're made in china they're about to get a lot more expensive for u.s. consumers. that's after the u.s. hike duties on those goods to 25 percent more terrorist

increased concerns about the fate of trade negotiations between washington and beijing. china has signalled that it could use its dominance in rare earths in the ongoing dispute. the chinese official has said that the country will give priority to domestic demand for the minerals. samira hussin has the details from new york. us president donald trump has made the trade deficit a big pa rt has made the trade deficit a big part of what he wants to see changed in the relationship between the two countries, but the imports of rare earths are only really a small part of america's trade deficit with beijing. so why is this move being seen as beijing. so why is this move being seen as so beijing. so why is this move being seen as so significant? well, these rare minerals are a critical component in making things like iphones, electric vehicles and advanced precision weapons. and this is being seen as a veiled threat against the us and its technology companies. china is upping the anti in the trade war with the united states by saying it would make supplying domestic chinese companies with these mi

, jamie dimon, from the global summit in beijing. don't miss that interview on bloomberg tv. the $38 billion takeover plan is superior, giving chevron four days to boost the offer or walk away. executive saidef he is willing to end if the price gets too high. profiles aredit taking on more and more debt. , didatest ability record not indicate any course of action to rein in markets. refused tohin has release president trump's tax returns. this rejection opens the door for democrats to pursue more forceful means including issuing a subpoena or filing a lawsuit. turkey has ordered a rerun of elections in his temple. allegedng ak party widespread irregularities in the original election. erdogan has been criticized for undermining democracy. extinctions face according to a new report that calls for global action. climate change is cited as the third biggest cause along with pollution and changes in the way the land and sea are used. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. f

chinese trade officials in beijing the date has yet to be determined so from that sense they're still talking to each other and even donald trump suggested on friday that he could roll back these new tariffs sense implied and so quickly to have them imposed but the question is how soon could that happen and how soon will u.s. and chinese negotiators be meeting once again it doesn't seem as if the process has been torched full whole whole scale but it does mean that this process of trying to get a trade deal between the 2 countries something that seemed almost completed a week ago is now going to take that much longer in order to achieve and this really does come down to whether the negotiators can somehow put aside a lot of the political rhetoric coming not just from washington brunt but from beijing as well and actually work out a deal that can be approved by their raw governments on both sides of the pacific that is the challenge isn't it thank you very much ron and jordan in washington well let's get a view from china now because adrian brown has this report from the capital beijin

are set to begin, with donald trump accusing china of breaking the deal and beijing threatening to retaliate. we will be talking to our correspondent, charles pellegrin, and beijing. a stunning comeback in the football world. won 3-2 over ajax amsterdam. at steps up at all english final against liverpool in madrid juje 1. details coming up. first, our t top story come e ae from paris. story, live from paris. let's start with this news, just in from the vatican. pope francis has just passed a measure to oblige those who know about sex abuse in the catholic church to report it to their superiors. that move of course coming after the clerical pedophilia scandal that has rocked several countries now. the new vatican law requires every diocese in the world to have a system for the reporting of abuse but the requirement will not apply to secrets revealed to priests in the confessional. u.s., a country tightening the screws on iran, with new sanctions on its metal industry. donald trump announced the move wednesday on the one-year anniversary of the u.s. pullout of the landmark 2015 nucle

believes he can reach a trade deal with beijing this week negotiators from the two sides are meeting for talks in the coming hours before washington increases tariffs on two hundred billion dollars worth of chinese goods the world's two biggest economies have been locked in a trade war for the past year counting continues in south africa's general election the ruling african national congress party looks set to retain power but with its smallest ever vote share since the end of apartheid twenty five years ago. south korea's military says north korea has fired two missiles the launch happen in cool song in the north pyongyang province south korea says the missile directed towards the east. a sixth round of talks between the u.s. sen taliban aimed at ending the war in afghanistan has concluded in qatar negotiators say some progress was made on a draft agreement for when foreign troops smites withdraw the u.s. has been pushing the taliban to agree to a ceasefire and talk with the afghan government but francis has issued a new law making it compulsory for all clergy in the catholic churc

drugs. and no end in sight with the u.s. china trade route as beijing an ounce retaliatory tariffs on u.s. goods in response to washington doubling its telling. come to do business africa monica jones and berlin good to have you with us and we are starting in same barber which has throttled its energy output in a bid to conserve a dwindling supply of electricity the state power utility has introduced rolling power cuts that will last up to 8 hours a day those outages are more than just inconvenient they could cripple key industries especially mining which accounts for more than 3 quarters of zimbabwe's export with a country already in a deep economic crisis public anger at the government is growing now that crisis has seen shortages of u.s. dollars fuel food and medicines as well a soaring inflation that is eroding earnings and savings to ease some of the pain were citizens and are helping themselves to the assets of former president robert mugabe some barbarians flocked to former president robert mugabe's farm after learning that his belongings were up for sale the auction was org

beijing retaliates and its trade dispute with us and markets tumble on fears that things are spiraling out of control so is there still time for a deal between the 2 nations give you the latest. also coming up attacks on 2 saudi tankers in the persian gulf was the real target the price of a barrel of oil. and counterfeit in poor quality drugs are threatening hundreds of thousands of patients on the african continent we'll tell you what's going on. below and welcome to business i'm stephen beard's in berlin good to have you with us u.s. china trade row has taken another turn with beijing announcing it will increase tariffs on 60000000000 dollars of u.s. goods from the 1st of june this comes just 3 days after washington more than double duties on a raft of chinese exports the economic saber rattling is hitting businesses and consumers on both sides of this feud. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of u.s. imports. raising tariffs will not

attitude to beijing is very at odds withjeremy attitude to beijing is very at odds with jeremy hunt and attitude to beijing is very at odds withjeremy hunt and others attitude to beijing is very at odds with jeremy hunt and others who have takena with jeremy hunt and others who have taken a more consolatory line to beijing. ithink taken a more consolatory line to beijing. i think others have talked about a golden age of cooperation, but that is not a view shared by governments in. which is one of the reason that other people have said, well, if anybody was going to be mounting a robust rebuttal of this idea of cooperating with wildly, it could be him. -- with huawei. i deny thinking this is domestic politics unravelling or will be —— will they be thinking this is domestic politics unravelling or... ? they will be watching very closely. they we re will be watching very closely. they were grilling the prime minister about why britain's is getting so close to a company that is vulnerable to coercion by chinese data security. there are very real fears there. it should be said that brita

there will be another meeting between u.s. and chinese trade officials in beijing. hasdata -- that date yet to be determined. so from that sense they are still talking. and even donald trump suggested friday that he could roll back implied, tariffs, he but the question is, how soon could that happen? will u.s. and chinese negotiators be meeting once again? seem like the process has been torched whole scale, but it seems like the process of trying to get a trade deal between the two countries, something that seemed almost complete a week ago, is going to take that much longer in order to achieve. and this really does come down to whether the negotiators can somehow put aside a lot of the political rhetoric coming not just from washington, but from beijing as well, and actually work out a deal that can be approved by their governments on both sides of the pacific. anchor: that is the challenge. thank you very much, roslyn jordan in washington. let's get the view from china now. adrian brown has this reports from beijing on reaction there to these new, higher tariffs imposed by presid

a vast divided country together which i give them out to. the t.v. on by the 1990 s. beijing had shifted from communism to a more market driven system chinese cinema found a new impetus the possibility of commercial success led by the example of movie makers in hong kong filmmakers on the mainland started experimenting with new johndroe action movies t.v. dramas chick flicks from comics even satire. the producer it was clear to mainland chinese producers just how much potential domestic market had was having come of age watching hong kong cinema in the eighty's and ninety's they began to invite filmmakers from there to come over with industry over the model for china it was diverse it had stars and it played with different genres and what's interesting about some of these films is precisely because of the popularity of the people involved they can push the envelope a little bit. big shots funeral had a lot of comedy revolved around product placement this was a very cynical way of making money by putting large corporations products into the film at the same time the story of the f

. secretary of state mike pump aoe said the c.e.o. of your way is lying over the company's ties to beijing the u.s. government put huawei on a trade to blacklist last week banning u.s. companies from doing business with it a market reaction has been negative for us hopes of a successful resumption of trade talks between the world's top 2 economies decline . you are way hasn't been out of the headlines very often recently but this week found itself at the very center of the ongoing trade conflict between the u.s. and china several u.s. firms including google restricted access to while away in order to comply with the u.s. barring order foreign companies such as japan's panasonic are considering doing the same u.s. secretary of state mike compare says wow is dishonest about the extent of its ties to beijing that's just false to say that they don't work with the chinese government is a false it's just the way c.e.o. and that at least isn't telling american people the truth nor the world several chinese government spokespeople spoke out against the u.s. moves. don't know what i'll do you know

new loans to the world's second largest economy critics say lending beijing money which is in turn loans to emerging economies for projects like it's must have belt and road initiative represents a double standard so far though there's no sign of funds for china drying up. the a.d.b. has stressed that the priority will be on known threat how beijing to combat climate change and endeavor it says that will benefit economies across the asia pacific region. and i'm joined now by business is clifford coonan who has long experience covering china clifford the asian development bank isn't the only multinational lender that signal close look at chinese status is that's right the world bank is also examining it now and i think people are das questions about do we really need to be lending money to china when as we saw last week we have the belgian road forum in beijing of which china highlighted how it's lending money to other countries in the region and to build its influence and to to move into other parts of the world so i think people are wondering now what is going to happen with with

a tale of terrorist strong and twitter washington issues fresh terrifying towards beijing at a time of war talks were supposedly going well catching markets off guard. also on the show the city where more startups are born per capita than any other we take you to tel aviv and israel the site of an ongoing tax. and the sharing economy comes to be key think we'll look at a german app back to the next be far worse to cross progress in search of pollinators. welcome to the w business i'm joined on in berlin thank you very much for joining us now trade talks between the u.s. and china appear to be going smoothly for weeks that is until a surprise threat by u.s. president donald trump to ratchet up tariffs on chinese goods this friday and to impose a fresh round of duties effectively covering all chinese exports markets all over the world were caught off guard. the trade conflict between the u.s. and china has lurched from crisis to crisis but even on friday there seem to be grounds for optimism donald trump paled progress in averting a full blown trade war with xi jinping china but the d

trade secretary robert lighthizer flew out of beijing after what were described as productive talks. earlier i spoke with a correspondent in beijing who is an economic advisor to the chinese government, andi advisor to the chinese government, and i asked him how the talks had been progressing. is very uncertain, there were only 2a hours of time actually spent in beijing, but there we re actually spent in beijing, but there were a number of sticking points. the question really is not whether there is going to be a deal at this point, but when they pull the court on this. a lot of people believe that donald trump will be looking at this as a political card, as he battles on towards his re—election campaign. there are reports that president trump is making concessions, particularly on cyber theft, and the chinese are also making concessions in terms of opening the banking system. can you confirm this? well, these are discussions that have been held. the issue is, as always, when you make a deal, there is always somebody unhappy. there has to be some give—and—ta ke. unhappy. there

is also from china one billion euros a huge sum for a tiny balkan nation. for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt and road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates to highways bridges railways ports a network stretching across asia africa and even to europe partner countries are often eager for investment and for improvements the old infrastructure the new silk road is a charity project of course china is lending money and spreading debt sri lanka even handed report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon they'll be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm wi

wrong to suggest that it was beijing that will shoulder the burden of the levies. the chinese will suffer gdp losses and so forth with respect to a diminishing export market and goods that they may need for their own. but the president says china pays for the tariffs. they may suffer consequences but it is us businesses and consumers who pay, correct. to some extent and i don't disagree with that. both sides will suffer on this. larry kudlow there. our business reporter mariko oijoins there. our business reporter mariko oi joins us. what has china been saying? china says it wants to retaliate. so now, a total of $250 billion worth of chinese goods are subject to 25% import duties but the question is, how will china retaliate because it's running out of american imports to tax. china imports far less compared to how much the us imports from china so one thing beijing could do is to double the existing ta riffs could do is to double the existing tariffs but that would hurt chinese consumers. alternatively, it could make things harder for american companies operating in china but that

had once been housed in the imperial palace in beijing their sale sparked an uproar in china. ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah. but the present owner doesn't agree to that is she who has given you credit it is there is there. she's on my shoulder shake a fellow when one is of your own book will it be today cryptic on that lake it actually. except that these heads were stolen back in the nineteenth century it was an eight hundred sixty june the second opium war when french and british troops plundered the forbidden city and ransacked the summer palace. still today the destruction and fair ft are a deep scar for the chinese people. beyond their aesthetic value the bronze heads are considered as priceless items of chinese heritage. should p.r. bags in their former return. to syracuse are you know they raise on me due to their feel like i do it there she knew our surveys it the it it every day g.d. could occur if you are refs or guys are expected it should off for a day if you are a fake which probably publicly thank. draconian issue. you cou

this stat between d.c. and beijing. >> i think part of what you are seeing happen is a gradual realization from investors that the rhetoric is getting a bit worse, that there's no short-term solution coming hair, and so people are preparing for a longer battle. one of the significant changes is the message we've seen today about the rare earth from china. it's what we've been seeing from the chinese press and media in the past few days has been a lot more defensive than the same kind of messages we saw last in 2018. tariffs began the chinese present talking about globalization continuing. recently, they have turned a lot more defensive. stand readyugh they to dig in for a long-term trade war, and that is unnerving investors because if we do not see a quick resolution, it will affect the global economy and growth will slow in the way the imf has been forecasting a will not be good for anybody. that shift is beginning to filter into markets and you can see people are starting to run for the exit, becoming very defensive, looking for bonds. we see yields down across all markets, s

enters a new chapter beijing has just announced it will impose tariffs on $60000000000.00 of u.s. goods from the 1st of june this comes just 3 days after washington doubled to duties on a raft of chinese exports and while the economic saber rattling continues u.s. consume us stands to foot the bill. fish textiles in footwear if they're made in china they're about to get a lot more expensive for u.s. consumers. that's after the u.s. hike duties on those goods to 25 percent more terrorist might be coming according to u.s. trade representatives president donald trump took to twitter to share his people that china would foot the bill for the new terrorists saying we will be taking in billions of dollars in terrorists from china. the power of and house but speaking on us t.v. one of trump's chief economic advisors was forced to admit that u.s. citizens were going to be splitting the bill with beijing in fact both sides will pay both sides will pay and these things and of course it would then such a tariff on goods coming into the country the chinese are no but the chinese will suffer

>> it is 9:00 a.m. in beijing. welcome to "bloomberg markets china open." >> here are the top stories. president trump warns china to strike a deal quickly because worse could be on the way. big week for earnings in china. we will look ahead to reports from alibaba and tencent as trade tensions rise. >> uber will be in the spotlight when wall street opens after friday's bruising debut. we hear from the ceo. tom: futures are pointing lower. the offshore yuan is weaker. investors trying to weigh how much risk to take off the table after these trade tensions increased on friday. we are still waiting for those retaliatory measures from beijing. yvonne: we saw a shift in tone over the weekend. talks are undergoing, we are to continue in beijing pretty soon. saturday we heard more of the rhetoric of president trump tweeting, look, you have a month to come up with some concessions, or i am going to have more tensions -- more tariffs, and china blaming the u.s. for these tensions. pretty vulnerable during the asian session this monday morning. we are off some of the low we saw at the

reaction from beijing in a moment first reports into iran. hours before more pressure from u.s. sanctions to her and welcomed an important guest the boss of opec his visit to an oil and gas exhibition a signal that iran remains an important member of at least one very powerful cup of nations. this comes to us with just. what divides us when the united states reimposed sanctions it granted waivers to some of the runs biggest customers ending those waivers and iran supply means prices at the pump are likely to rise to address suggestions by u.s. president donald trump that some opec members namely saudi arabia and the united arab emirates. might increase production to make up for iranian oil not making it to market it's probably potentially more dangerous to the very existence of the organization not to talk of it but does it with none of that. is. the morse to divide this organization to saw in the seeds of discord. to the extent that. we look at it we're to sit down and took decisions let alone implemented together needing to meet market demand has been an important part of how

a.m. in the east, 4:00 p.m. in beijing, and today is the day, tariff day, the trump administration raising tariffs on $200 billion of chinese goods. that is thousands of different items, including dish washers, frozen fish, baseball caps. tariffs hit roughly half of the products that china sells to the united states. how did we get here. that's thanks to three rounds of tariffs last year starting with march, starting with the u.s. hitting all steel and aluminum, including from china. the u.s. then singled out beijing in july 2018 hitting $50 billion of chinese goods. that's mostly high-tech goods and then it goes on, china retaliated with tariffs on 50 billion u.s. goods, mainly ag products which have big markets in china, and cemeseptember, $200 billion in chinese goods including consumer goods like luggage, handbags and hats. now, beijing then hit $60 billion-u.s. exports in response. tit for tat. that 200 billion in september, that was originally taxed only at 10%. the administration today bumped that up to 25%. a big difference. remember, it's u.s. importers, not china who pay

took a beating today as washington and beijing raised the stakes entering a new face off tit for tat terrorists u.s. president denied that u.s. consumers would pay for higher tariffs on chinese imports and he wants china not to follow suit but beijing says it would not swallow any bitter fruit that harmed its interests. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of u.s. imports. raising tariffs will not solve any problems but china will never surrender to external pressure we have the determination and the ability to safeguard our legitimate rights and interests. more than $5000.00 u.s. products including american airplane parts and liquefied natural gas are among exports to be hit by the new tariffs from the beginning of next month washington sanctions announced on friday activated a new 25 percent duty on nearly $6000.00 categories of products from china. after announcing his new tariffs president donald trump took to twitter to assure his people tha