doesn t want to pay the higher tariffs from europe, so they make their product in europe so they don t have to pay the higher tariffs. what the cost of their materials will be, it means maybe they don t build a plant, maybe they don t create a bunch of jobs, sand if there s one real risk to this economy right now, it is donald trump, and you take away nafta and you ve taken up a lot of the supply trade, one of the risks of going into recession, the biggest one is donald trump. u.s. trade policy, something that president trump talked about a lot on the campaign trail, it remains to be seen if lawmakers will actually act on immigration. but the president s rhetoric and his action on immigration, how do they fit into this conversation we re having about the larger economy? they re enormously important. we re at 3.8% unemployment,
your mind s eye and returns because sewing machine sewing i suppose was more appropriate for girls than rising and by and now i want to meet. women back home who are bones by their duties and social rules and inform them about obesity right . mind. i think the. u.s. trade policy used pushing washington s trade partners to seek new allies a trade spat front opens from canada to europe and india key u.s. trade partners respond to washington s punitive tariffs with retaliatory measures but the e.u. signals were open for talks to resolve the trade. also on the show euro group ministers meeting in luxembourg today to discuss the future of greece as a third aid package comes to an end in august we asked is athens ready to go it alone. and german luxury carmaker issues
hundred cinemas in twelve year a peon countries here in berlin of course but also in the british capital with simon is now conducting the london symphony orchestra. funded every change brings the opportunity for a new beginning and funk and i think he s been here for long enough that it s a shame he s going back it was a lovely fella out upsy. and it s by no means goodbye for good simon is planning to be with the ballin fellow monic next season just as he was in one nine hundred eighty seven as a guest conductor. this is the w. s life from about and still to come u.s. trade policy is talking allies into enemies from canada to europe and india keep us
a second round of tariffs against chinese imports and is threatening a third. global markets dropped with losses across asia, europe, united states. the president contends he s correcting a structural problem in u.s. trade policy. you see what is happening with china. we have no choice. that should ve been done many years ago. directing the united states trade representative to identify $200 billion in chinese imports and apply a tariff of 10%. china retaliates to me says his administration will raise tariffs on an additional $200 billion in chinese goods. that is on top of the tariffs sit in movement of last week on $50 billion in chinese imports. china retaliated and says it s not afraid of a trade war with the u.s. we advise the u.s. to remain rational and stop such words and moves that harm itself and others. it is the only viable way out. the trump administration has also enacted tariffs on global steel and aluminum imports. russia announced today it will soon release a li
street. christine romans joining us now with the preview of that. good morning. a lot going on this morning. first of all, there s some political upheaval in italy and that s spooking european stock markets. we re expecting the dow to open lower here in part because of lower oil prices which will probably weigh on energy stocks and just a moment ago this breaking news, the white house out with a statement that indeed it will be setting $50 billion in tariffs to be decided by the end of the month against china, specifically on high technology kinds of exports. we ll dig into what that means about the u.s. trade policy and will have the opening bell right after the break. let s begin.