Another day of falls for world stocks but they regain some ground following positive signals from the u. S. Treasury secretary this time stephen asia saying a trade deal between china and the United States is about 90 Percent Complete russians begin to spark hopes of a deal at this weekends g. 20 summit in japan where trade is expected to top the agenda u. S. President all trump will meet his chinese counterpart xi jinping in attempts to calm the trade war its been raging for almost a year now. This is the current status of the u. S. China trade conflict. Washington has slapped 25 percent tariffs on nearly half of all imports from china. The levies now affect 250000000000. 00 worth of goods. And u. S. President on the trump is threatening to extend the tariffs to the rest of chinese imports. China has retaliated with Counter Tariffs Beijing is charging
extra duties on u. S. Goods worth some 110000000000. 00 the 2 countries are still negotiating but so far talks have been unable to resolve their dispute businesses and investors fear it could escalate and who will end up footing the bill will there be any winners each side is calling the other loser but so far one real loser is already evident global commerce. Thats why trade is expected to top the agenda at this weeks g. 20 meeting in Osaka Japan Will Trump and she find a way to diffuse the tension at their last meeting in December The 2 leaders announced a kind of truce which has notably failed. The americans also sound overly optimistic on another front in their trade war top u. S. Diplomat mike pompei o downplaying trade differences with india during a visit to delhi he says recent disagreements but you have seen both sides placed
tabs on the other were in the spirit of friendship indias foreign minister. Echoed those comments the United States is angry about indian ecommerce rules that limit foreign access to its markets india is still subject to the best tariffs on steel and alameda. Ahead of the g 20 that the Japanese House of representatives is hosting the Women Political leaders meeting in tokyo it brings together female heads of State Government ministers and parliamentarians from All Over The World always a d. World bank and others indicate the countries with more women in politics invest more in health and education is a Policy Making could benefit from more balanced leadership. A reporter is at the womens Leadership Meeting we asked her if aging societies like japan in particular need to encourage more women to seek Leadership Roles they are definitely definitely needed thats the reason why are they actually introduce
a policy a few years ago called womenomics where you try to get more women to work and numbers show that yes more women are working but the problem is what kind of work are they doing a lot of the women who have been again started working are working in part time jobs working in lower paid positions which means it doesnt really contribute anything to Gender Equality and thats where of is also being criticized many people say that he basically sees working women as a means to an end the end being basically saving japans economy but he doesnt really care about inequality like where its going and thats why thats one of the big problems that the economy is facing there and i think the way to get actual Gender Equality. In the japanese economy thats still very very long way to go. Or while just bad tries getting women into work in the u. S. Wages its Trade War One Asian nations been profiting from the new global disorder
vietnam many multinationals have been shifting production they include in chinese firms to avoid American Jews meets and as the European Union gives up to sign a Free Trade Deal with vietnam this weekend is a look at how the economy has transformed itself into the worlds workshop. Politically the Vietnamese Communist Party has a firm grip on the Southeast Asian country economically however it has opened its doors the reforms translated as renewal have brought prosperity to many the average annual income in vietnam is around 2000 euros at the beginning of the reforms in the 1980 s. The figure was just 90 many vietnamese work for Foreign Companies such as h. And m. And hugo boss the country is considered after china the next workshop for the world clothing shoes furniture Mobile Phones such meat in vietnam products will soon be delivered duty free to the e. U. The Vietnamese Economics Minister said the Free Trade Agreement is
a win win situation. And then sisters and to prizes from the e. U. Will be able to take advantage of the market of a rising economy with a population of 100000000 people and stable economic growth. The e. U. Supplies vietnam with cars chemicals factories and machinery despite the growing middle class there were still bitter poverty and child labor the Free Trade Agreement addresses these issues the government and how noyo has committed itself to combat in child labor both sides have also agreed in the treaty to implement the paris climate protection agreement. Asia Correspondent Andrea Haying is following this story for us from singapore how much will this. Chinese try. Well best to start by saying that this is a very ambitious deal for both the e. U. And vietnam this new f. D. A. Will almost completely eliminate tariffs all Customs Duties across 2 blocks and im looking here its about 65 percent of those duties on e. U. Exports to vietnam will be eliminated now the deal that vietnam has with hong kong which is where a lot of us see and China Mainland china treat occurs see 75 percent of those terrorists removed plus a further reduction of about 10 percent within the next 14 years so its a very tight race between the 2 types of deals its this this will also represent how where we vietnam is of Chinese Investment venturing out of the chinese comfort zone and this deal also not to mention is going to bring vietnam as the 2nd largest Trading Partner just behind singapore we also mention that its going to tackle poverty and child labor how how will it do that well the
deal promises to implement standards by the International Labor organization which of course will include banning child labor so it being a requirement were pretty sure that the f. D. A. Will see this through with vietnam ensuring that child labor is going to be eradicated and of course eventually and results of the creating more Job Opportunities for the Income Population so there will be a 2 way street vietnam benefiting from this is much as youre. I think you will the vietnam vet in these explosives that you will enjoy 71 percent of his duties removed with the rest to be phased out over the so the excess of indias plus the f. D. A. Is going to open up lots of opportunities for Vietnamese Services and public procurement markets and this will in turn protect e. U. Investments in vietnam itself with the us china trade tensions going on of vietnam is looking to be a very appealing attractive hot bed of investments not just for the e. U. But also for major markets within the region as well especially hong kong thank you very much andrea now to some other stories making Business News a new study shows robots will take over 20000000 Manufacturing Jobs Worldwide by 2030 you could significantly boost economic output but also cause more social inequality. China has suspended pork and beef imports from canada due to a falsified significate for pork the Canadian Meat Council says its unclear why beef is also banned the Chinese News Agency reported earlier this month a customs of the r. T. C. Nudging found traces of a banned Food Additive in canadian for. Asian Operators Plans to invest 370000000000. 00 in next generation while it is take in the next few years the worlds 1st Nationwide 5 g. Networks went live in south korea this year was the 3rd of chinas most bog connections will be running on 5 g. By 2025. And because resurgence is big thing up steam the price of the critter
currency has soared to its highest level since january last year in asian trading away and say big jump 10 percent to a price of just under 13000. 00 its now risen for 8 Trading Sessions in a row. Lets go live to one day our financial correspondent in frankfurt whats Driving Cryptocurrency is to go through the roof again. Well ben its a lot to do with facebooks plans of coming up with its own crypto currency libera now traders believe that facebooks entry will lead to tomorrows crypto currencies and would also help bring them mainstream so thats one of the reasons and then there is another argument its about the safe haven argument believe it or not many investors do see cohen as a Safe Haven Asset because its not related with any other asset and it is not moved so much by what governments and regulators do because of uncertainties around. I dont in the economy all around because of the us iran tensions thats the reason why this is and buying bitcoin a volatile safe haven very interesting you dont really hear of that do you going to join the party is that convincing you. Well not really its too expensive for me actually i cant even afford it you missed the boat. To what. It. Took to be comfortable with it its still do that its value from risk and scarcity its not linked to any stable commodity or as its just like gold so that its too little and i havent forgotten how investors were burnt in 2017 when the value crashed from 20000 so yes im keeping myself away from bitcoin for now and i think youve become very german in your time here ashutosh you know the germans are really careful about how they invest their money theyd rather put it in a Savings Account with 0 percent interest. Thanks very much for your
insight from. Bad news for Nicotine Addicts who have switched to a paying San Francisco has become the 1st American City to ban the sale of e. Cigarettes on to Long Term Health effects become clearer officials voted to ban both online and store based sales of the vaporizes which have become popular as an alternative to cigarettes or as an aid to stop smoking altogether. True joy labs one of the largest Cigarette Producers in the u. S. California. Legal challenges are good but it really makes sense but. Trust is. Far more equal success. Everyone has equal opportunity. Im not. Sure. Our is the preserve of humans. And be transferred onto the next generation. Camry ever put a stop to any quality. Made in germany by. Double. Not nothing to do the job well just some time down but most of the things which are the german thinks deep into the german culture of looking into the stereotype of clubs but in your thinking seems a country that im playing. Here needed to be taken as grandma day oh do you know its all about a new im rachel join me to meet the germans on the w. Post. Hows your view of the world. Where i come from but over that glitters is gold just like with Chinese Food Doesnt Matter where i am its a bilious reminds me of home after decades of living in germany chinese food is one of the safest ive missed the most but by taking a step back i see the need to differentiate knowledge of many of fluids a person are going to use and that includes the other part of the law which havent been implemented in china thats what you cannot touch and its people wondering if their fortys saves lives but if you can have a ride to another location that is this is a job just under the my how i see it and others why enough of my job because i tried to do it except maybe an hour a day by name of the uninsured and i wore the addict up you