The secrets to the great. Alexander 100 more of our series on tomorrow today we want to see what he saw to experience what drove him a journey through latin america following in the footsteps of the great scientist the Journey Continues from the deserts of our room to the fascinating underwater world of the humboldt current. To borrow to do it in 30 minutes body double. The bauhaus turns 100. 100 years of modern mr arkell temperature. 100 years of functionalism n. P. R. Isnt. Whats behind the legend. We asked the experts about it. In 60 minutes on the w. S o s europe the european crisis. If its to have a future it will meet champions young champions. Meet for activists who are countries. They are fighting for the dream for you measure up. Do they stand a chance for. Can they save the european idea. Oh my god i need to stand up for European Values and contribute to something important that she of. The future of europe starts September 2nd on d. W. Brazils president jacob also not who ha
china took an action. it was a moderate action. a proportionate action. the president took an action related to china. again, as i said, 5% plus from the original $250, and the next $300 or so, with the same due dates, september 1st, december 15th. the same exemptions and waivers for a bunch of companies. in my judgment, these are measured hang on a second if you will. i want to complete this thought. thee were measured, proportionate thoughts. second point, if i may, the conversation, the discussion between the china side and the u.s. side continues. negotiations continue. there was a successful constructive deputies negotiation by teleconference last week. i believe another one is being scheduled for this coming week. and i also want to say that at least the u.s. side is continuing to plan for a visit from the china side some time in
second thoughts about possibly a higher tariff response to china. so it was not to remove the tariff. he was thinking about a higher tariff response. having said that, we re staying with the policy that was announced on friday, as i believe. a 5% increase on the two tariffs, the first $250 and the second $300, september 1st and december 15th. i want to be clear on this. he has thought he might want to am crease the tariffs, but he isn t actually going to increase the tariffs beyond what he initially did? that is correct. at the moment, that is absolutely correct. that was his thought. it somehow got misinterpreted. i m not sure he heard the question. it was a very crowded room. i was there. his thought was perhaps he needed to go higher. my thought to you is, look,
companies were quote here by order to immediately start looking for an alternative to china now just as a reminder the latest round of tariffs from beijing was a response to washington s last move to tax an additional $300000000000.00 worth of chinese goods taking effect on september 1st and december 15th which has now been increased to 15 percent from 10. yes carter joins us now from wall street younes when trump says that american companies should look for alternatives to china apart from shifting manufacturing back to the u.s. what does that even mean. well i mean clearly the u.s. president can force the u.s. corporations to move their business away from china about to it clearly marks an escalation point in the trade relations between china and the u.s. and after the market closed here on wall street u.s. president donald trump announced that he is going to increase tariffs on chinese
those tariffs are a 10% tariff going into effect on september 1st and december 15th. so in retaliation for that, china went ahead and announced its over tariffs on $75 billion of u.s. goods. a tariff anywhere from 5% to 10%. it s also going to reinstate a 25% tariff on automobiles that it imports from the u.s. so that is happening in the back ground, because what is happening center stage besides stocks here falling a bit, is that meeting going on in jackson hole, wyoming. this is where central bankers from around the world are gathering for a big kmncconfere. taking the stage right about now we re expected to hear from fed chief jay powell and in his remarks he basically stopped short of giving any indication how the fed is going to act in september at its next meeting, whether or not it s going to cut rates or leave rates where they are. and that could come much to the chagrin of the trump administration, which as you