South Africa’s budget deadlock: Treasury proposes smaller VAT hike

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  Hello and welcome to World Business Report on the BBC World Service.

• 00:03

  Will Bain with you again today?

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  Great as always to have your company on the program coming up today,

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  Europe responds as the trade war, tariff war continues to expand.

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  We'll hear from the European Union's commission in just a moment on where

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  and perhaps how all this ends.

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  And we'll also hear about a very recent Canadian response, too.

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  Also on the program today,

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  a critical and controversial budget in South Africa continues to be delayed.

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  We'll be live there shortly to hear why.

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  A row over sales taxes has had the government coalition on the brink.

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  And the Internet's got a memory problem.

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  When we looked at this in the context of social media,

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  we found that about 1 in 5 tweets are no longer available even a few months after they're posted.

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  Yeah, all that's come here today on World Business Report,

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  but there's twists and turns in the trade tariff war almost every day at the moment, aren't there?

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  And in the last few minutes,

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  Canada has announced reciprocal levies on more than $20 billion worth of U.S. goods

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  after Washington imposed 25 tariffs on all steel

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  and aluminium imports.

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