Trading partners around the globe including europe. Oh well come to made to the us election a vote for free trade well thats our topic today do you remember what the world felt like 4 years ago in autumn 2016 europe had just started to come to terms with britains brics referendum yes thats 4 years ago and the bookmark makers they got it all wrong back then and they also got it wrong with predicting the outcome of the us election Hillary Clinton did not become the president of the United States well i dont know if the polls are right this year but i do know that for the Global Economy right now a lot is at stake. The u. S. Election is just days away the outcome will Impact Global trade. The question is how a quarter of all jobs in germany depend on export industries. Cannot. Overstate the importance of the transatlantic relationship its really without alternative. Zen of borg an inch tall being the varia make for Material Handlers and cranes annual sales were 420000000 euro news in 2018. Doesnt it all this is a telescopic crawl a crane we sell cranes like this to the United States 2 north america is now our 2nd largest market after Germany Europe and eastern europe. The Company Relies on its sales to the u. S. But says c. E. O. At a center the u. S. Also relies on his companys products. For example cranes to load exports and unload imports. Oh weve been and continue to be an essential business in america if our products want operational entire factories could grind to a halt. Gemini in the us have long been important trading partners but tensions have been rising in recent years rivals abas and boeing accuse each other of receiving illegal state subsidies that has been mounting criticism of german car exposed to the u. S. E. U. Countries one Big Tech Companies to pay more tax and most digital giants are american. Frank supposed to laurie heads the German Division of u. B. S. He also heads the American Chamber of commerce in germany in that role he seeks to stick to their political fights and smee that he ruffled feathers. You know if you get outside of washington d. C. And you go out where you know most people live and work. Business in the u. S. In business in germany in europe or very interested in each others markets our job is to ignore politics as much as we can were not political. Our job is to find ways for our members to successfully pursue their Business Activities and hopefully expand grow them create jobs and encourage trade period immediately and its also protrade that the Competition Commission says there is a plain meaning to regulate the u. S. Digital giants a proper european approach would be to say youre more than welcome to be successful but the saying is with success comes responsibility and this is the face that were in now to say well you have to recognize that you have powers beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine and jam. The e. U. On corn cranes and jeans. Tariffs and our view are just not helpful and they dont really achieve what you want them to achieve theres one thing that they always achieve and that is higher prices for the consumer so damage is done to ones own country in that sense what disposal are you think of the positions on trade of the 2 candidates for the u. S. Presidency. Between President Trump and candidate biden. Its a little hard to tell i mean both of them have made statements that we find very. Wrong quite frankly. Neither has come out with a firm commitment. And to the importance of the transatlantic relationship and the value of trade and so i think we need to get away a little bit from the emotions that are packed into the word globalization and really recognize how many jobs are created how many families are supported how much tax revenues generated and then i think anyone really looking at this calmly would say ok lets get out and do everything we can for this relationship the trade wall between the u. S. And china is also having an impact on europe. Its caused shifts in Currency Exchange rates and made european exports more expensive in asia so term poll by him does the german entrepreneur and average fan a bulletin have a preference. Trump with biden. Whether its trump or biden or our own government we have to deal with politicians of all stripes. Coman. Economy creates its own laws. Its the economy that makes the world. Of us was that arrive at eveleth is. Despite all the tariffs and arguments the United States and europe still do billions in bilateral trade every year. After 4 years in Office Everyone in the world has his or her own view off donald trump some think hes doing great they like his style of us war hes dangerous and pointed to several cases of misconduct perhaps even criminal misconduct from his much debated ties to the kremlin to substantial funding from germanys biggest bank did all the years about him heartache caught up with u. S. Journalist david who believes that vast loans from Deutsche Bank and able to trump to appeal rich and successful which ultimately helped him win the presidency. Donald trump and daughter back. A dicey relationship. And one that financial journalist david enrich has described in detail in his recent book dark tower. Deutsche bank who has lent him over 2000000000. 00 over the past 20 years money in rich sense that allowed donald trump to maintain his image as a successful real estate tycoon an image that paved his way to the white house. Lets dive right into it how much money to donald trump Production Bank as far as we know he currently owes Deutsche Bank about 300000000. 00 and then on top of that 300000000. 00 you have the cushion or family which is obviously the extended family of the trumps now thanks to the marriage of gerrard and evanthia and they have borrowed hundreds of millions of dollars more from Deutsche Bank so all told there are certainly more than half a 1000000000. 00 in outstanding debt from the questioners and the trumps to Deutsche Bank you write in your book that without doubt its a Bank Donald Trump would never have become president how important was the money that Deutsche Bank lent him for him becoming president i think it was indispensable from his entire basis for running for president and i think being elected president in 2016 with he was a very successful businessman and the more evidence that becomes public and the journalists gather the more we see that that really was a mirage he was not a successful businessman he was a money losing businessman and he had a very well established track record of defaulting on loans having his businesses declare bankruptcy and violating contracts what would it mean if the president of the United States defaulted on half a 1000000000. 00 of loans he personally guaranteed the overwhelming majority of those loans and so that means that the bank has a right to go for what money is in his bank account he has millions of dollars in various Bank Accounts in cash and in stocks and bonds the. The bank can go after that they can go after trump tower they can go after mara lago this is go after his plane and would they do that to the president of the United States take away basically all his belonging i dont know what they might do what i can tell you definitively is that since the morning of november 9th 2016 when donald trump had been elected the next president of the United States diligent Bank Executives in frankfurt in london and new york have been freaking out about this this scenario in trying to figure out whether theres a way to amend the wording of the contract so that trump is no longer personally guaranteeing them and its been very clear to them for almost 4 years now that they have a very serious problem on their hands there are those who say that maybe lending money to dollar wasnt such a big risk for the bank after all because those loans might have been guaranteed by russian individuals or entities is there any evidence that you found that would prove that i have not found any evidence that russia or russian banks are russian individuals in any way provided a guarantee or any financial backing to trump through Deutsche Bank my hunch is that this is a Conspiracy Theory what is true though and you write that in your book is that darts a bank has helped the cushion a family with funneling their money through russia over to russia so what exactly happened there there was money moving out of cushion or accounts being wired to russian individuals why would the question of company send money to russian individuals do you think that had anything to do with russia meddling in the 2016 election is that a pay off i dont know i doubt it but i dont know its a mystery if we were ever to really get a clear an environmental view of what had actually been going on inside ah its a bank and going on inside Donald Trumps accounts at Deutsche Bank and there would be still quite a few surprises in there. Now it would also come as a surprise be a day well come one if u. S. Policymakers could finally agree on a much needed fiscal stimulus plan to help the battered u. S. Economy deal with the fallout from the coronavirus pandemic unemployment reached record highs over the summer now for many this is not of the 1st economic challenge some itinerant workers for example have long swapped a permanent address to live in mobile homes and travel from job to job our reporter all of us sally went to kentucky to find out more. The recreational the he kill the r. V. A symbol of freedom. Homeless wherever you take it and were ever work may take you. I mean north in kentucky you know which is not exactly known as a Tourist Destination but home to where house of online retailer amazon and that attracts an increasing number of employees who come to find work but choose to live in their camper vans all year round. A campground near the amazon warehouses home to around a dozen move or a camp purse. Its 2 pm time to get out for Robert Barker he works the night shift good morning. Good morning good morning robert how you doing and. How is your shift it was great ok yeah easy money man you know basically robert you have your whole life inside that man yeah ive been living in my van for 6 years now. Working Seasonal Work for amazon and ive done some also ive worked a job in alaska salmon cannery have worked and beat harvest and. Amazons been really good to me and its really easy money and allows me the freedom to do what i want to. Like many work campers and Robert Barker lives a modest life with few frills his kitchen an outdoor microwave and a picnic table. Kind of go on time here i may think im. Not even curry right. Robards lifestyle saves him 2000. 00 a month he says money he uses later to travel robert is 46. 00 he has no partner no children and very few expenses. Amazon paces campsite his Health Insurance and 15. 00 an hour when he works managing customer returns its a temporary contract for a couple of months. The key to doing it right is you cant have. 400. 00 car painter or you know in. Debt. Debt free. I dont my van. And i have like 30. 00 in bills and thats how are they able to do it. 5 30 in the evening for robert its time to go to work. Amazon refuses to give me permission to film but the trader is actively seeking work campers on 26 campgrounds across the u. S. More Financial Security but you have to hit the road to get it perhaps not everyones dream but it seems to work for some. In a lot of criticism about amazon and concern about what the growing online tree industry would mean for work environments of the United States but one thing seems to be clear that all the work campers in kentucky apply to helping with the lifestyle they chose. From happy campers in the u. S. To a geopolitical power game between the u. S. Russia and germany over a gas pipeline relations between the sas and a sport in north east germany were excellent until 3 republican senators threatened it with crushing legal and economic sanctions if it continues to provide services to north stream 2 now the contentious pipeline which is to transport gas from russia to germany has long and to donald trump dr a sell us gas to europe. This is a small harbor town on the baltic islander for you can. A lot of tourists pass through but otherwise theres not much going on here. What have we done to make u. S. Senators think that they have to threaten us in this way. It was quite a surprise when sasnett suddenly became the focus of an International Political fight the latest iteration of a longstanding conflict the math shows us a letter to the company that manages the poultice us net which is majority owned by the municipality it was written by 3 republican u. S. Senators in august threatening crushing legal and economic sanctions. Thus the letter is a threat. Where they state that they dont want nord stream due to be completed by ford thats the main point on time the threat is directed at our port because we have a plant there that used to case the pipes for nordstrom to and because ships docked and a provision there. And they say we should stop doing that. For all schools to watch and i find this utterly shameless because for the on for for now all right the fight is about the north stream to pipeline to deliver natural gas from russia to germany these segments of piping piled up at the port were meant for the final stretch to the german baltic coast stopped last year after the contractor for the high plane ships suspended operations under threat of u. S. Sanctions. In 2005 the then chancellor Gerhard Schroeder and russian president Vladimir Putin signed the deal to build a system. Natural Gas Pipelines across the baltic the original nord stream went into operation in 2011. It starts in the russian port city of and some look mean a crisis found in germany. Stream 2 has also been laid except for the last 160 kilometers to germany. Washington is dead set against it claiming it will make europe too dependent on russian gas and exposed to leverage by Vladimir Putins old Europe Germany should not put up with us having 3rd parties tell us what we may do and what we may not do what our Energy Policy should look like and what projects we may work on here in sas not supplied. Its nothing new that germany is getting its gas from russia the 1st shipments of natural gas from the then soviet union reached west germany in 1973 during the oil crisis that also angered the us but west germany continued to buy more and more gas from the communist soviet union and unify germany went on to do the same with russia also i wonder putins leadership even when the 2 countries had serious disagreements at the political level. Sanctions are a means to apply economic pain in order for a government to get its way. By providing Goods Services and support for north stream to the port of sasnett has created jobs and peace to the economy of the region. Local firms are now very nervous. And they predict the tides and for all the Companies Involved in the project will be under threat from these extra territorial sanctions side of. Going to face major problems of Economic Policy and economic measures are deployed to pursue geopolitical interests and Small Companies are exposed to threats thats what forms. Here on the coast we deal with a lot of ships from all over the world we want to pursue International Trade him and. And do business with each and every country of. Free trade policies of huge importance for coastal economies like. This. 350. 00 companies could be hit by the us sanctions from small engineering outfits to large ship chandlers. Thats why we need trade deals all over the world whats going on here is astounding were suddenly my age is right and that scares us here in this corner of germany the people we talk to ins are snits just want to be left in peace and people want no comment there were 10 here before you i dont feel like. Even beyond the north stream to project officials herons are concerned that the Ports International reputation could be in jeopardy. And in another example for us trade relations goods made in the hong kong for export to the United States will need to be labeled as made in china after november the knights of financial help is again at the forefront of the escalating conflict between 2 superpowers what does that mean to local manufacturers will struggle to preserve their own identities to phoebe kong reports from hong kong. It takes a 1000 steps to assemble hundreds of tiny components thats how i feel aggrieved toby young work is made william shome founded his own brand a decade ago hong kong is the birthplace of these high end time pieces this is where theyre designed and assembled because we want to show our house. Had a bad back of the watch but the clock is ticking in november the m