companies were quote here by order to immediately start looking for an alternative to china now just as a reminder the latest round of tariffs from beijing was a response to washington s last move to tax an additional $300000000000.00 worth of chinese goods taking effect on september 1st and december 15th which has now been increased to 15 percent from 10. yes carter joins us now from wall street younes when trump says that american companies should look for alternatives to china apart from shifting manufacturing back to the u.s. what does that even mean. well i mean clearly the u.s. president can force the u.s. corporations to move their business away from china about to it clearly marks an escalation point in the trade relations between china and the u.s. and after the market closed here on wall street u.s. president donald trump announced that he is going to increase tariffs on chinese
wildfires raging in the amazon. this is day w business i m in berlin welcome now this may surprise you but china s earlier unveiling of a new round of retaliatory tariffs on about 75000000000 dollars worth of u.s. goods triggered an angry response from president donald trump he s an entire tariffs on chinese goods starting in september that s after an earlier tweet storm accusing china of costing the u.s. trillions of dollars he also said u.s. companies were quote here by order to immediately start looking for an alternative to china now just as a reminder the latest round of tariffs from beijing was a response to washington s last move to tax an additional $300000000000.00 worth of chinese goods taking effect on september 1st and december 15th which have now been increased to 15 percent from 10. joins us now from wall street younes says that american companies should look for alternatives
a tax cut for the rich. the economic benefits are close to nil so the government needs to get their priorities right think how can they stabilize the economy how can the best spend the money in my view the abolishment of the of the tech surcharge on income which really benefits the top 30 percent of income earners abolishing that tax. move not really how the german economy. now do you like but nonis well frankly who doesn t bananas are big business the livelihood of millions of farmers mostly in asia and central america the bend on it the bahamas the world s most popular fur we eat one $100000000000.00 of them every year many varieties but the cavendish is the most popular 95 percent of all exported bananas are cavendish and that is becoming a problem because there is a fungus known as the panama disease that attacks exclusively bananas of the
yes car that joins us now from new york a welcome yes so just how are these export numbers from china being viewed on wall street. well for now there was a huge relief when we got those data and if you look at the comeback came here on wall street at the low of the session on when stayed until the end of the session here on thursday the dollar jones industrial average gained about almost $1000.00 points and the value of the big question is what those numbers are really worth of it they got published for the month of july so that was really before us so donald trump announced that he would like to increase tariffs on the $300000000000.00 worth of imports from china by september 1 but at least for for now there was a little bit of good news from the economic front and therefore we saw
mexico and canada. our financial correspondent yan s car that joins us now from new york a welcome yes so just how are these export numbers from china being viewed on wall street. well for no there was a huge relief when we got those data and if you look at the comeback came here on wall street all of the session on when stayed until the end of the session here on thursday the dow jones industrial average gained about almost 1000 points in the value of the big question is what those numbers are really worth they got published for the month of july so that was really before us donald trump announced that he would like to increase tariffs on the $300000000000.00 worth of imports from china by september 1 but at least for for now there was