Listen: China, Betsy Tracy And Germany discussed on Monocle 24: The Briefing
"U._s. and china off the track of resolving their disputes through negotiation and china has no choice but to take necessary measures to retaliate now trump announced new tariffs earlier this month after china halted purchase of agricultural goods allow its currency the yuan <hes> to weaken negotiations. Go have agreed to another phone call in coming two weeks. According to reports and the chinese delegation is sticking to its plan to travel to the u._s. In september mba for face to face meetings so there is perhaps some hope further down the line but for now as you say market is not taking this very good news. Yesterday we saw stocks in the u._s. Dropped by two who point nine percents and today another drop in european shares <hes> germany's dax down around one and a half percent the footsie here in london down a similar amounts government bonds for their parts will that rising again as investors flee to safety well. Let's take a look at the u._k. Where there are further indications that british shoppers are staying home. Yes this is actually a good news story surprise and it's not that they're staying home <hes> not spending but they're staying home and spending on their phones and on their computers two we had <hes> retail sales numbers for july <hes> they showed that total retail volumes rose north point two percent in the month that was better than analysts expected as betsy tracy to see <hes> sale drop in the u._k. But"