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Six thousand jobs. This is business a. Welcome the trumpet ministration has today raised duties on two hundred billion dollars worth of chinese imports from ten to twenty five percent will retaliate meanwhile trade delegations of both countries are in talks in washington that are being described as tense. The chance of a breakdown of the talks significantly increased now will bring in our correspondent in washington for the latest and have a look at how markets are taking its but first this report for. It would prove to be an uphill climb for the chinese negotiators as talks resumed in washington just hours before new u. S. Tariffs went into effect chinas vice premier rejected the u. S. Is rationale for the new duties its accusations that beijing had reneged on several points of agreement. Ive come here in good faith i want a reasonable and a Frank Exchange of opinion with the u. S. Side china believes in further tariffs is not a ....
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Economists in turn have been challenging that and they say that in the end of the day and eventually american businesses and the consumers will pay these terrorists in the united states as certain goods will become more expensive that are imported from china to the u.s. and those are predominantly consumer electronics among other products goods that are not affected though are every every goods. currently on route to the united states so say on a container ship traveling to the u.s. those those goods are not affected yet and that means there is still some time left to find an agreement michael markets across the board investors seem not overly concerned about the fresh type of supplies that. here but i think it goes to your correspondents last polling i think there is still a very small window where these tariffs can be avoided so for example if a container ship leaves the chinese pool to die it could well arrive in two weeks ....