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Transcripts For BBCNEWS Business Briefing 20180219

Has been reshaping its trading relationship with the rest of the world. Over the weekend china threatened to retaliate if the us went ahead with proposed tariffs on steel and aluminium imports. So a high level un led meeting in geneva is looking at the way ahead. In many parts of the world the importance of multilateral trade deals can be seen in the number of people theyve lifted out of poverty. The World Bank Says the number of People Living in extreme poverty has halved since 1990 because of free trade. But President Trump has been wringing the changes. He pulled out of the Trans Pacific partnership which would have covered about 40 of the World Economy and is seeking major changes to the nafta free deal between mexico, the us and canada which is worth more than 1 trillion a year. Whilst President Trump says hes trying to secure american jobs the us chamber of commerce says 41 million of them depend on international trade. But the relationships behind it are showing signs of strain.

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