I want to get jones and this is a Business Asia welcome to the u. S. China trade war is taking its toll on global stock market shares are heading south from asia to europe this is beijing gets ready to ramp up retaliation to u. S. Measures blacklisting some quote unreliable foreign firms and hiking tariffs on a range of u. S. Goods starting on june the 1st u. S. Time so where are we up to in this conflict now so far the u. S. Has imposed tariffs on chinese goods worth 250000000000. 00 thats almost half of the goods china sold to the u. S. In 2018 now beijing retaliated by imposing tariffs on 110000000000 Dollars Worth of u. S. Goods entering china and thats almost as much as all of us exports to china in 2018 hours washington keeps up the pressure threatening to raise more tariffs on chinese Goods Beijing has responded by threatening to stop supplies of rare metals crucial for many high take items now meanwhile on the u. S. Doorstep the president on a trump has said he will levy a 5 pe
doorstep the president on a trump has said he will levy a 5 percent tariff to all goods coming in from mexico unless mexico curbs migration across the u.s. southern border the terror could rise to 25 percent in october trump wants mexican authorities to do want to combat illegal entries to the u. s. makes it was president andres manuel lopez obrador says he will respond with quote great prudence to a trans latest threat and that he also won t stop his country russia find the united states makes a cold canada agreement. now lots to talk about with clifford conan from business and also pads who joins us from the front with stock exchange hello to both of you i d like to start with you clifford looking at this entire picture are we watching the end of global trade as we know it. well it s certainly