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to shatter hopes in design markets tumbling and languishing tonight so how did we get here last year imposed tariffs on high tech goods worth over fifty billion dollars in the u.s. chinese p.c. mobile phones and t.v. s were suddenly twenty five percent more expensive for consumers truck let the next deadline for more tariffs passed without acting but there were not be a second time he says the u.s. will increase tariffs from ten percent to twenty five percent on two hundred billion dollars or the chinese clothes toys and groceries for midnight tonight u.s. eastern time economists expect that china will retaliate by boosting import duties on u.s. goods i mean far from being resolved this conflict it looks set to escalate something that traders around the world do not like to hear or see let s bring in yes gordon now he s at the new york stock exchange yup i mean if i m judging things correctly
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import duties on some u.s. goods if the white house proceeds with a plan to strap a scheme in place that allows indian goods worth about five point six billion dollars to be imported duty free a proposal announced in march came off the president s drum priestley called on india to reduce trade barriers and plant and preferential trade with india has also faced a backlash within washington. the world s biggest beer brewing company on has a bush in bev is planning to sell shares in its asian operations multinational hopes the proceeds will help reduce its one hundred billion dollars of debts brewers active in more than one hundred fifty countries and its five hundred brands include upmarket brands like budweiser becks and corona which are becoming increasingly popular in asia one has a has a mash up of about fifteen percent in china alone on the say the i.p.o. could bring in up to fifty billion dollars before revenues well over eight percent
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increasingly popular in asia one has a has a market share of about fifteen percent in china alone on the say the i.p.o. could bring in up to fifty billion dollars worth of revenues over eight percent up from just under five billion dollars. and here are some of the other business headlines from today b.m.w. s first quarter profits plunged as it has to pay a one point four billion euro penalty related soon e.u. probe over collusion in the diesel gate scandal comicon said the charge brought quarterly profits down to five or five hundred eighty eight million euro s as wrong seventy five percent less in the same period a year ago wanted warned investors that a big fund from the european commission was likely brussels alleges b.m.w. commutative dima and folks to avoid competing on emissions control technology. it s dave the current is two prosecutors have ordered germany s porsche to pay
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