:00:00. > :00:16.Taking aim at BMW, the President-elect threatens
:00:17. > :00:18.the German carmaker with huge tariffs, as he reveals more
:00:19. > :00:24.about his plans for the world's biggest economy.
:00:25. > :00:27.And we take you to Silicon Valley, to find out what the world's biggest
:00:28. > :00:30.players in technology are doing to get ready
:00:31. > :00:55.We will also have more on that story just mentioned, an arrest warrant
:00:56. > :00:56.issued for the de facto boss of Samsung.
:00:57. > :00:59.The US President-elect, Donald Trump, says he will offer
:01:00. > :01:02.Britain what he calls a quick and fair trade deal within weeks
:01:03. > :01:06.His comments come just days before a speech by the UK Prime Minister,
:01:07. > :01:09.Theresa May, where she is expected to reveal further details
:01:10. > :01:12.of the country's strategy as it prepares to leave
:01:13. > :01:19.Speaking to the Times newspaper, Mr Trump said his team would work
:01:20. > :01:21.very hard to get it done quickly and properly,
:01:22. > :01:28.Mr Trump went on to say the UK had made the right decision in leaving
:01:29. > :01:31.the European Union, and that further countries were likely to follow
:01:32. > :01:34.Meanwhile, in a separate interview with the German newspaper Bild,
:01:35. > :01:37.the US President-elect threatened BMW with a 35% border tax for cars
:01:38. > :01:46.Last week the German carmaker said it was committed to its plans
:01:47. > :01:48.to open up its new factory in San Luis Potosi,
:01:49. > :01:56.despite Mr Trump's persistent warnings.
:01:57. > :01:58.Dr Brian Klaas is a fellow in comparative politics
:01:59. > :02:10.Good morning. Good morning. There is so much to talk about. He had a lot
:02:11. > :02:15.to say in that interview. Let's start with the tariffs on BMW, to
:02:16. > :02:20.begin with. What do you think BMW is thinking about that, and is it
:02:21. > :02:23.likely to happen? There are two backsides to the story. One is
:02:24. > :02:27.whether it will happen. I think Senate Republicans will put up
:02:28. > :02:32.barriers, when many of them believe in free trade. The second aspect to
:02:33. > :02:35.the story is how this will play for US manufacturers. America is a
:02:36. > :02:38.global player in the economy as well so is there going to be a
:02:39. > :02:42.retaliation from other countries if Trump tries to pursue this policy of
:02:43. > :02:46.punishing individual car makers for their decisions to allocate their
:02:47. > :02:56.resources as they best see fit. It is interesting, because we saw Ford
:02:57. > :03:00.and Fiat-Chrysler say they would perhaps put on the backburner their
:03:01. > :03:02.plans to move to Mexico. It is interesting how businesses worldwide
:03:03. > :03:06.are having to react to this President-elect. His tweets, his
:03:07. > :03:11.comments, his interview last night. It is, in the words of the president
:03:12. > :03:15.really matter and send clear signals but one thing that is troubling is
:03:16. > :03:19.that Trump and signalling very clearly that he will choose winners
:03:20. > :03:23.and losers in the economy. That is not good for the economy because you
:03:24. > :03:29.have uncertainty, rather than waiting for that last tweet to
:03:30. > :03:35.determine where to invest. Interesting to see what he had to
:03:36. > :03:38.say about Brexit, about the US, UK trade relationship and Michael Gove
:03:39. > :03:42.being part of the interviewed him, as it were. Which is interesting.
:03:43. > :03:46.Give us your take on that. He seems to say that it will happen quickly
:03:47. > :03:50.and smoothly but in reality that is often not the case. I think the US
:03:51. > :03:54.UK trade deal would certainly be good for Britain but we have to put
:03:55. > :03:57.it in context. First up, written and the US are not the largest trading
:03:58. > :04:01.partners. Written has most of its trade going to Europe and 10% or 15%
:04:02. > :04:06.going to the United States so this will not be a huge game changer for
:04:07. > :04:09.the United States. But it is still good news. However, how quickly can
:04:10. > :04:13.get done? Most trade deals in the past have taken between four and
:04:14. > :04:20.eight years to actually ratify and put effect. Nafta took four years,
:04:21. > :04:26.the DPP took eight years. The idea that there would be some quick
:04:27. > :04:39.policy change is unlikely -- TPP. Theresa May doing a speech on Brexit
:04:40. > :04:44.this week, and the markets reacting. But on China, Trump called it not
:04:45. > :04:48.free trade but there are or smart trade. Give us your take on these
:04:49. > :04:51.comments. I think Trump and signalling he wants to drastically
:04:52. > :04:55.shift trade policy but Trump doesn't get to do this alone. So Trump is to
:04:56. > :04:57.find common ground with establishment figures both in the
:04:58. > :05:01.Republican and Democratic Party but particularly the Republican Party
:05:02. > :05:04.and many of them are the most hawkish on free trade, particularly
:05:05. > :05:07.in the Senate. So the idea that Trump will come in and change trade
:05:08. > :05:11.policy alone is not true. I think the US presidency often gets blamed
:05:12. > :05:15.too much for the economy and gets too much credit for the economy. It
:05:16. > :05:19.doesn't exist out of Trump's hands and it is something where he will
:05:20. > :05:24.have an influence on it, but he is not going to dictate it. Thank you
:05:25. > :05:26.for your time, lots more on that story on our website.
:05:27. > :05:29.Staying with the US and Donald Trump, and we assess how
:05:30. > :05:32.the vast US technology industry is preparing for the new president.
:05:33. > :05:36.It forms a huge part of the US economy, accounting for just over 7%
:05:37. > :05:39.of the value of goods and services produced there in 2016.
:05:40. > :05:41.Our technology correspondent Rory Cellan-Jones has been
:05:42. > :05:44.to San Francisco to find out what the tech sector thinks
:05:45. > :05:54.San Francisco, in effect the capital of Silicon Valley and the epicentre
:05:55. > :05:58.of the technology industry. Looming over everything right now is the
:05:59. > :06:03.prospect of a president the majority of Californians did not vote for.
:06:04. > :06:08.One tech firm, the memory of his election still hurts. It felt like
:06:09. > :06:13.someone died in the family. It felt like 9/ 11. Everyone was in shock.
:06:14. > :06:17.We are kind of in a bubble in the tech industry. We thought Hillary
:06:18. > :06:22.was for sure going to win and the next day Trump wins, and you have to
:06:23. > :06:26.wonder, what is the rest of America like? This company's owner, Michael
:06:27. > :06:31.Birch, arrived here from the UK but is now an American citizen and
:06:32. > :06:35.trying to be positive. One thing that Silicon Valley certainly is is
:06:36. > :06:39.very innovative, so in the face of what is happening with Trump, I
:06:40. > :06:44.think we will innovate around it and find a way to go forward. During his
:06:45. > :06:48.campaign, Donald Trump was exactly friendly to the tech business. What
:06:49. > :06:51.I think you want to do is boycott Apple. And his positions on
:06:52. > :06:56.immigration and trade caused concern in this globalised industry. But
:06:57. > :07:00.there is an upside. Like a number of tech giants, Apple has one good
:07:01. > :07:03.reason to be optimistic about Donald Trump. He could offer them a deal to
:07:04. > :07:08.bring billions of dollars of cash held overseas home at a favourable
:07:09. > :07:11.tax rate. But the price of that could be increasing pressure to
:07:12. > :07:18.build the iPhone in the United States rather than China. If he can
:07:19. > :07:23.maintain the cost for the consumer, sure. But I don't think that's
:07:24. > :07:29.possible. I think it will be great. The more the merrier, for being in
:07:30. > :07:34.America, being made in America, yes. Whatever their reservations about
:07:35. > :07:39.him, the bosses of Apple and cluster of other tech giants had profitable
:07:40. > :07:44.meeting with him. America's most dominant technology journalist says
:07:45. > :07:48.they should be far more robust. I think they have to be outspoken in
:07:49. > :07:51.ways they have not been comfortable being outspoken before, on issues of
:07:52. > :07:56.privacy, immigration, encryption. All kinds of things that have been
:07:57. > :08:00.very important to their employees. These are the most powerful people
:08:01. > :08:05.on the planet, and the richest as well. So they have nothing to fear
:08:06. > :08:11.by expressing themselves. At the tech industry's big hope is that the
:08:12. > :08:14.new president will come to see that it is going to underpin America's
:08:15. > :08:15.future prosperity, and let it get on with the job.
:08:16. > :08:17.Shares of Japanese airbag maker Takata are tumbling,
:08:18. > :08:24.after they announced a deal with the US government.
:08:25. > :08:27.The company pay $1 billion and plead guilty to criminal wrongdoing over
:08:28. > :08:29.the airbags, which have been linked to multiple deaths.
:08:30. > :08:33.Shanijit Leyl is in Singapore for us.
:08:34. > :08:42.Nice to see you. What is the detail? Well, the details are that those
:08:43. > :08:47.shares are down over 10%, and that is, bear in mind, after soaring more
:08:48. > :08:51.than 16% on Friday ahead of that announcement you just mentioned. The
:08:52. > :08:56.fact that US officials saying on Friday Takata had essentially agreed
:08:57. > :09:00.to the settlement over the defect involving its exploding airbags,
:09:01. > :09:06.which were behind as many as 16 deaths and led to the recall of more
:09:07. > :09:11.than 100 million airbags worldwide. The US also indicted three former
:09:12. > :09:16.Takata employees, bringing the first criminal charges in the scandal. It
:09:17. > :09:19.has caused the auto industry's biggest safety recall. Analysts are
:09:20. > :09:24.essentially saying that this agreement may be one step forward
:09:25. > :09:28.for Takata, but there are still lots of concerns over the fact that the
:09:29. > :09:33.company hasn't shown when and how it would restructure its company, or
:09:34. > :09:38.pay off its many liabilities. There has been some speculation that they
:09:39. > :09:42.could go bankrupt. Takata has been in talks with potential buyers who
:09:43. > :09:47.are evaluating all its many potential liabilities as well. We
:09:48. > :09:52.are watching that stock, currently down over 10%. On the other big
:09:53. > :09:54.story coming out of Asia today is the special prosecutor in South
:09:55. > :09:59.Korea seeking an arrest warrant for the head of the Samsung group, for
:10:00. > :10:04.his role in a corruption and influenced peddling scandal. HY Lee
:10:05. > :10:08.is accused of bribery in connection with the National pension service,
:10:09. > :10:16.supporting the merger of two Samsung affiliates. It is said he paid
:10:17. > :10:23.bribes totalling 40 billion yuan, that is to a friend of President
:10:24. > :10:27.Park, at the centre of an escalating corruption scandal. The pound
:10:28. > :10:31.sterling on the way down against the dollar, 1.6% versus the dollar since
:10:32. > :10:36.it was reported in the Sunday Times about what the Prime Minister will
:10:37. > :10:44.have to say in her speech this week about Brexit, it would seem a hard
:10:45. > :10:48.Brexit is what is expected. Asian shares falling across the board with
:10:49. > :10:50.a much weaker dollar against currencies such as the Japanese yen.
:10:51. > :10:58.I will see you soon. Northern Ireland's devolved
:10:59. > :11:00.Government is set to collapse today, after Sinn Fein insisted again
:11:01. > :11:02.they would not replace Martin McGuinness as Stormont
:11:03. > :11:04.deputy First Minister. Our Ireland correspondent
:11:05. > :11:13.Chris Page reports.