Lower thirds:

00:02 Report by Wolfgang Bernert
01:39 Jörg Wuttke | DGA Group

+++ Script +++

American beef and California wines are available at this supermarket in Beijing.  But with China's reciprocal tariffs, they're about to get more expensive.  So far there's little sign of panic among residents after the latest escalation in the trade dispute. 

VoxPops

0:18  (F1)  SOUNDBITE (Mandarin) Wang (no first name given): 
“I think for ordinary people, we might slowly see some changes. But I believe our country is quite self-sufficient now, so it might not have a major impact on our daily lives. But they could affect some businesses related to imports and exports."

0:38  (M1)  SOUNDBITE (Mandarin) Wu Qi, Beijing resident: 
“I'm not really worried. Conflicts are inevitable. It just depends on how the country handles it. Even if it ends up in a local conflict or a hot war, our country is not afraid. Of course, I think the goal should be to minimize harm to ordinary people."

0:59
So far neither side shows signs of backing down.  The US has placed 125 percent tariffs on Chinese goods entering the country.  China is taxing US imports at 84 percent.  

1:15  ++++ Grafik rein +++

Last year China exported 439 Billion dollars worth of goods to the US.

US exports to China were worth a total of 144 Billion dollars. 

++++ Graifk raus +++

1:30
The higher tariffs are likely to reduce the total trade volume.  Container ships from China may now prefer to dock in ports in Latin America and Europe. 

1:38  +++ SOT Joerg Wuttke, Consultant at DGA Group (ENGLISH) +++ 

"I hope that the governments in Beijing and Brussels will find a way how to control possible overcapacities.It's a tsunami coming to Europe. They will not trigger trade barriers. We want Chinese investment in Europe and we don't want these containers overloading our economy. So in a way it is all about commmunication and trust between Brussels and Beijing."

2:00
And if the trade war isn't resolved swiftly, American wines could soon become a thing of the past on shelves in Beijing.