the listings in the gaza strip as is there is lots continues. there's a deliberate mission of posting and humanity in western media. and it needs to be question, sustains coverage that actively humanize as, as readings and actively humanizes palestinians. this is not the time for doing this kind of way. tracking those stories examining the journalism and the effect that news coverage can have on democracies everywhere. here at the listing past, the hello, i'm adrian's, and again this is counting the cost on ultra 0. you'll, we can look at the world of business and the deluxe. this reach, ratcheting up the trade war with china. the us slips massive terrace on chinese

goods. aging launches its own empty dumping inquiry, following dimensions. once a we'll see the cuba sugar industry is collapsing, the decline, and production put in parts of the sectors of the islands. crisis is a tony at a moving shortage in critical minerals needed for the energy transition. so why is global investment in the mining of us materials decline? the chinese imports helped to push down the cost of products like video games, t shirts, and home appliances in the u. s. box, many american factories say that's driven them out of business. so the cost more than a $1000000.00 jobs president joe bites necessity won't allow trying. that's a quote on fairly control the markets in a pre election effort to protect industries and workers is sharply raised terrace on chinese in ports ranging from electric vehicles to solar cells. beijing is launched its own anti dumping investigation following the meshes. so who has the

upper hand? we'll discuss it shortly with our guests. but 1st, a report from image in kimball, a joint. he's made solar cells, lithium on, but trees and the metric vehicles are set to double triples and quadruple in price, respectively. in the us, thanks to new trade targets by president boynton. china is not happy. don't you guys have time to always opposes unilateral tariff increases that violate w t a rules and will take all necessary measures to safe guidance, legitimate rights and interests. phasing says the move damages, biological cooperation, just hit back with an empty dumping inquiry into plastic whitening pool. 2 from the us. the toy, one of japan, as a european union, has also launched investigations into chinese impulse. boynton says he has to protect us, was an industry from heavily subsidized chinese export. if you want to do business

with china, you gotta have a 51 percent chinese owner. you gotta provide access to all your intellectual property. sometimes it's just outright still to cypress, be nice another minute. and it's been a well documented and internationally recognized when you make tactics like these and they're not competing, it's not competition as cheat. boyden is making sure the restrictions in place ahead of the november presidential election may help him in the post. many voters to unhappy with the us economy. although his tar it's set to be was $18000000000.00, are expanding on tires was $300000000.00 imposed by former president. donald trump . trump says the us auto industry in the face of blood boss, if he loses in november and that he will impose a 100 percent terrace, one e cause made outside the us. so long you, since the us only impulse to present their electric vehicles from china, the impact of this policy will be minimal and won't affect the over with economy.

the bathing says the us aims to stifle joint is green industry. the country is leaning towards clean energy to kind or a slump in economic growth. this is one thing that really is to companion higher. you have china and get a big b less by competing to be to be an unfortunate casualty. maybe the us is green energy targets, and the 2 superpowers relations, which was already fraction of a minute to activity in the side, the joint and see even was, could be an old i trade will between the 2 global joints of industry, image and came out to 0 for counting the cost as well. let's take a look at some of the figures. china sold nearly $500000000000.00 worth of goods to the us last year,

but it only imported around $148000000000.00 worth and return the us imports just 2 percent of its electric vehicles from china. but the figure goes up to the 70 percent for lithium ion batteries. now the organization for economic cooperation and development, the o e. c. d says the chinese manufacturer has received 9 times more states subsidies . so that western counterparts, chinese businesses receive aid, which is the equivalent to 3.7 percent of the revenues on average compared to only north point 4 percent for firms in high income countries. we have to ex bus to discuss all of this with us. joining us from the so in south korea is steven open because the see of a pack advised as a consultancy operating at the intersection of business, government and sustainability. and from brisbin in australia work, powell who was adjunct professor at queen's on university of technology and a cd, a fellow at the tie, he institute a non government international think fine tank based in beijing strip of tabby with

us. let's start with you. then as steven a, why is the us so worried about chinese goods? okay. they're not worried about chinese goods per say. they're worried about chinese goods that come into the us through unfair competition in, in strategic industries. and so to understand the, by the administration's actions here, and really the tropic administration's actions before that, you've got to go back a decade. you go back to what china has been dealing with. it's made in china 2025 policy that came out in 2015 were china said it was going to use state subsidies and, and protection to foster width in china ki sectors for the 21st century, including electric vehicles, including renewable energy production that, that policy of china is, is very successful, and now china has a huge head start into the sectors. and as president biden said,

we need these sectors ourselves in the united states. so to, to compete on a level playing field, we have to put terrorist on those types of sectors. so it's not about banning chinese goods. it's not about tara thing, all of chinese goods, as president trump said he would do it in the 2nd term. it's really looking at those factors that are strategic to the us and, and they've had unfair subsidies from china, and that's what he did. all right, work what, what's your take on this off chinese subsidies responsible for the decline of us manufacturing and industry us manufacturing industry has been declining now for other 40 is the 1st sounds of concerns around the industrialization and the following out of american manufacturing began in the 19 seventy's and hasn't stop since the fact of the matter raises that over the last 40 years, the american political economy has 5, but often con, to industries, particularly in financial services, stock exchange,

and those sorts of areas instead of industrialization. and now the chickens have come home to roost. it's not like this. the hidden agenda here as your, i would guess, as mentioned, chandra announced in 2015 a political and policy probably around on domestic value adding and moving up the value china. and of course, it's being focused on things like electric cars will be full that if people bought repeating the policy documents and the funding instruments coming out of the chinese political system, they would have known this well in advance. or i'd steven. it's perhaps no, can i go into them? so this is an election yet in the us. i mean, a bivens moves, politically motivated, you think? is this a, an attempt to, to, to grab votes is, oh, there is no question. any move by the, any administration in a presidential election year is going to be looked at through through that election . so that is a given,

i think the by not by the administration would argue in this case, but this is good policy and good politics. there is no question that has being tough on china is a positive in the us right now. it ensures a level playing field, it ensures that the united states kinda have an electric vehicle industry going forward in that if it doesn't have these types of terrorists when there is unfair competition, there isn't going to be an electric vehicle industry in the united states and that is a national strategic importance wondering what is this going to do though to, to, ultimately, to the us economy? is it going to help or hinder it? hey, well i, in terms of what will i do to the us economy in the short term. it's really going to have no impact on the us economy because as we said, there are literally 0 electric vehicles being imported into the united states from china right now. these, these tariffs are mostly, i'm goods, the new tears are mostly on goods that aren't coming in yet to ensure that the us

industry can have a chance to get off the ground. because, you know, as the other guest is noted, of us hasn't been investing in infrastructure and in the, in the united states as much as it should have been in it. it's trying to do that now. and so it's going to give it a chance. the terrorist that had been extended were put into place by donald trump and had been in place for the $300000000.00 has been in place for a few years now. so it's not going to have any new inflationary impact because that has already taken place, so it's not gonna really have any short term impact on, on the economy. it's unless you're talking about extraordinarily specific factors, maybe i'm uncertain medical devices but, but that's about it to work. what does this mean for the rest of us? what happens to the companies for the supply to america using a possibly using chinese produce goods, the global supply chains and now incredibly complex and many sophisticated products

. requiring thoughts from production processes in a number of countries. to untangle all of that is extremely costly with significant cost implications for downstream consumers and enterprises who rely on stable price to supply chains to bring their intermediate goods to them. so the, the last few years i've seen a lot of rhetoric around the united de risky in this, in the coupling. but the, the, the basic economic and engineering reality is that it's easier said than done. now the competitive environment, main size of the world is best. so including consumers in, in the process when they can access the least cost inputs for their activities that they need. so they can actually proceed to do what they include that. and um, and i think in, in, in due course of those a, to shoot

a rational economic policy framework as opposed to jumping on the short term political cycle bandwagon will deliver real dividends for their economies and for the communities and workers that by side or by care about working with us, the w t o fit in to, to one of this. well, the w t i, it has been frustrated over the past 6 plus years by the united states, which is frankly going rogue in terms of the, the global trade regulatory framework. since 2018 the united states has stymied the appointment the top judges to the applewhite dispute resolution process as the w 2 got it and continues those sites. this is very unhelpful for the w t r. the 2nd point to remember about the w to i was that the united states actually has the mice, complaints against the whole country, some products with the, with the last i checked, the w t. i website, there was some kind of 71 complaints launched against us products of the you have

seen from memory about 100 from 506 in china was well back in the pack with 14 on. so when it comes to say you took participating in terms of fame because we're talking about questions or fan that's on the and, and participation and i can try the us itself as clearly bane arrive apply for quite some time. it's taking final. what do you then? how do you respond to that the, that the u. s. has been a rope play up for some time. it's going rogue. a lot in, in, in the 21st century. you have to take into account national security when it comes to trade in economics, and that had not been the case previously. and now when you're a country and you're looking at what is going to happen if there's a panoramic and we have all of our sourcing from one country and we can't get in the medical in pharmaceuticals that we need and we can't get in in terms of climate

change and, and addressing that on the critical minerals that we need. well then that becomes a national security issue, and there has always been a national security exemption when it comes to the w t o. um, it is a different world now and there's, there's no question that that countries are looking at trade differently. they're looking at the w t o different weights. and that is what is going to make this competition and confrontation between between the us and china. you know, so, fraud and, you know, one of the worries going forward is the united states believes that can confront china where it needs to be confronted, such as it's doing on these tears. but that it can also cooperate with china. and of course, the most important issue the world is facing, which is the climate crisis. now the question is, will china except that framework will china except the tariffs coming in, but also cooperate with the united states at the, at the same time. so we really are on unimpressive pace of where trade and national

security are intersecting within the climate crisis that that is, it should be a concern to everybody gentlemen, but i'm afraid we're going to have to leave it manufactured. indeed, steve, an open and work out. so the old cuban saying goes without sugar. there is no country, it's cuba was the, was top sugar exports of a hundreds of years. and the industry was the main driver of the economy boss. the island has been under us sanctions for decades about in pause is affected the sugarcane harvest. we just hit its lowest level since 1900. once on thinkable, the now imports sugar to meet its demand. last season, cubis production fell to an all time low of 350000 tons of low sugar. that's well below the 1300000 tons recorded in 2019. the san penn sugar outputs impacts other sectors of the cuban economy, including its export earnings, from rum, less than 3 percent of state investment goes to the sugar industry. well,

the collapse of the sugar industry is just one aspect of cubis faltering economy. the island, the suffering, it's west economic crisis since the collapse of the soviet union in 1991. the tourism industry has dried up since the cobit 19 pandemic. depriving the island of as much as $3000000000.00 annually. foreign currency is in short supply, the peso is lost, maybe half its value against the dollar in 2024 alone. the government's budget gap is projected to increase to 18 and a half percent of economic output. this year, inflation is wanting a move of 30 percent. that's more than twice the life in america, regional average, and the average salary for cuban state workers. it's now less than $16.00 a month. when in response to the crisis, the cuban government is announced tough economic measures that include raising the price of fuel by more than 500 percent and coughing subsidies for staples like eggs

and rice, except for those the vulnerable fuel power, mid some milk and other food items are in short supply. in march, the government to us b, u. n. is food program for help. for the 1st time, a mess owns the children is supposed to get 3 kilograms of milk month, but now they are only given 1.5 kilograms per month, and then the okay, so let's, let's milk. i can't remember the last time i drink mill. it's very expensive, only people die. although we have difficulties, we're still alive, like we cuban se includes the month before the used to get $2.00 kilos of rice per person per month. now they give nearly half a kilo of rice per person per month. and that's when it's available. joining us now from london, emily morris, and economist and research fellow at the university college of london's institute of the americas. good to have you with the assembly. so why it has cubis sugar industry collapse a us sanctions to blame or is it mismanagement?

essentially what happened is but previously sugar on the soviet system was heavily subsidized. in effect, they were to kind of bought the system where they got cheap fuel in return to the show that um so now that having to compete well market prices sport prices because they don't have any um, contracts with anybody. um is that should not be comic. i mean the sugar industry is not economic. it's not it's now. oh yeah, accounts for less than 2 percent of total expo earnings. so yeah, in 1990 it was or the 70 percent. so that's the extent of the collapse of the sugar industry. so, so in the sense the reduction in production for the macro economy isn't that important? but i think psychologically it's important. gibbons like everybody else, think that the, the cuban economy is dependent on sugar. people have a kind of historical memory. and every year the government publishes its target for the sugar production. and once again and it happens practically every year since

i've been covering 2. but the last 2 years, the target has missed and so that has a psychological effect on anything that reduces export. earnings is significant because of the type of 2 of us foreign exchange constraint emulate. then how can cubes, why the economic problems be addressed? kindly be fixed well, it's a very, very difficult problem because of the constraints on to them. foreign exchange of things are extreme not only because of the collections tourism and but also because of the us sanctions, tomato, just for the trade with obviously chip is natural trading paula, but they also prevent trade with other apartments. and not only do they reduce the availability of foreign exchange, but they also result in the cancellation of contracts. um uh,

chips arriving at short notice. so this extreme disruption, as well as extreme type for an exchange constraint. um, so what happened during the coverage um pandemic? was essentially to go through everything else in 2020. they did incredibly well in terms of the number people got pills and so on and 20 to 20. but they exhausted the foreign exchange is this answer by 2021. they had nothing left and so then now scrambling to try to meet the obligations that they've taken on. i mean like one of the bill interviewees, the side there's an expectation. gibbons expect the government to get them um, extremely cheap. uh, russians supplies. and so the government has a commitment to do so, but given that it's built very little for an exchange, it's a struggle to do that all the time. and so what's the solution?

the solution is to build up the foreign exchange earnings. they need to diversify the economy. that's been in the substitute for a long time. in a sense, the recovery from the collapse of the soviet system was built on just a few items. it was very concentrated in nickel tourism, the professional services. i'm really they diversification and that seems to be what they're pushing for, but trying to diversify to restructure the economy in the context of very, very little forward exchange is extremely difficult. what's life like for me cubans right now, as well as you saw that, you know, life is not just, you know, they, they have very, very basic supplies of food, which is not as much as they used to. they have to choose an awful lot. they kind of upset to the inflation is very worrying for people on fixed incomes. you know, with that kind of go next, the prices, my markets a very, very high. but it's not even just that it's not on

a queuing but it's also the transport issue. there's, there's not enough fuel the buses are all broken down. um, so every day life is extremely difficult. they also have power cups regularly. um, but having said that, you know, sometimes is portrayed as if everything is about to collapse. and actually as you see from those pictures, people know they haven't lost weight like i did in the 1990 is there are supply is there is manageable, but it's very, very difficult. and now of course i got a huge heat wave which makes life even more impossible when you haven't got air conditioning so on. so that really suffering and really frustrated because there's so many ideas they've opened up the private sector. so it's really possible for people to do things, but they have the finance, i'm really, really good to talk to you on counting the cost manufacturing day for being with us . thank you very much. i. and finally, they needed to make wind turbines,

electric vehicles, and other green technologies, minerals like culpa. let's see, i'm a cobalt are in high demand. there's many nations trying to make the transition to clean energy pops. the international energy agency says the world faces a shortage of those minerals, literally 70 percent of global demand for copa and 50 percent for lithium. expected to be met by $24.00 to $5.00. the prices of some of the elements fell sharply last year following 2 years of increases. the i a since the drop in price is discouraging investment in the mining of minerals. the parents based agency, full costs for the investors need to put something like $800000000000.00 into mining projects by 2040 to try to limit the rise in global temperatures to one of the half degrees celsius bought a handful of nations and companies control their extraction, china, for example, mines most of the rest of materials. joining us not from london and d. leyland, who's the managing director of supply chain insights, good time,

he was assigned to. what's going on there within this industry. why? at the moment a minus the failing to meet the monk mean a huge issue that this industry has is trying to match the slide with the wrong. what do you consider the takes years to find and then build mine and get that into production? that is applied side of the question, what was on the side could change in a matter of weeks. so it's incredibly difficult to get eyes to match and the way that the market that matches the is by having price spiteful price declines, which again makes it difficult to us the investment cycle, sorry about what we see the money that we have a huge fund can lift the prices, so can i respond in the process of crash? the same thing time a call when it was a price pointing call, the rate will take a little while to the investment to come through and actually find a box, a basement or was particularly rare or difficult to extract. no, i mean there's no geological shortage of any of the critical memos that we need for

the energy transition to the barriers in a truck. so it's a problem saying that these operations are in some places in political well as well . so these are the challenges that can be met, but not as a manageable. i think the findings and they, they probably need government intervention as well. you know, i don't think relying surely on, but the mall to the mining companies will say, assigning to increase the charges that we need for the energy transmission. some of the above a china of the above it is mining. most of these were minerals of one of the changes in that you know, since the time that i get, this is the trend of the guidelines i should and, well, what we've seen is been signal points inside here and this will try trying on that . welcome, get it particularly in the west. and while the resources themselves very geographically depressed, find it has to build up a huge amount of processing capacity and things like, find the author accept trip. and that single, quite frankly,

just isn't status as politically acceptable. so what we're seeing is, uh the west trying to back simply don't secretaries of contracts for these materials. not always the types of money. and where are you going? stylish markets which are in honor supply and my margins, the commercial incentive for private industry to develop a secondary supply chain is necessary that so again, it comes back to the governments needing to get involved to provide, get it changed resources to, to treat that capital. so you have to make those investments. i mean, what does all of this mean for consumers like you and i, i, i say in some respects the same is shouted from, from the price increases. you know, the price, let's see him don't. it doesn't necessarily reflect in the price will be right after being aware of or not that the company's effectively do take hold of that policy. let's say that policy, let's see, is the, is no surprise when it comes to making these thoughts have investments. so i think

draw said create a little bit of offsets and see. we're also facing the impact that is they don't make these investments and balance of mine to bonds. they may be around. so hoss with the energy trans issue. and you know, when you look at trying to change, the easiest way to reduce emissions is a electrification. i have an attraction of transport, expectation of people buying the industries and the dominant needs. remember, was it needs transmission lines need to call her. the dispatcher is the story about how the g around, you know, if we talk to that, then it's going to be a charged me product goals and the spring grades tokyo accounts and the cost many sites indeed for being with us. thank you. that's all show for this week. if you'd like to comment on anything that you've seen, i'm at a citizen on x, please try to remember to use the hash tag h a. so you can see, or you can drop is

a line counting, the cost of elders 0 don't met is on the email address, as always, has plenty more, few online at elder 0 dot com slash ctc. that takes you straight to the page. today you'll find individual reports links at the top episodes for you to capture that site. so this additional counting the cost on entry instead of going through the whole team here, thanks for being with us. the news on al jazeera is next of to 6 weeks. the final phase of india's general elections begins on seeing the fast prime minister now rent promoting is the key to increase has majority of low 10 out and economic uncertainty. cost is routing, b, j, p. follow india is general election analogies, era fits the fastest expansion of legalized gambling and us history. with sports fights at the center. you're on a sports fan anymore,

unless you're dealing on the phone lines examines the surgeon pressing and the impact on those suffering from its addiction. just didn't feel as real as putting actual cash on a table. that like again, we've turned this into a nation of visual gamers, definitely not in control. the big gamble on it, just so you know, in some neighborhoods across lebanon, syrians are being forced out the government estimates. they're up to 2000000 syrians and 11 on one, and every 4 people. they are managing the crisis. one day the internal security acts against violators. and then they don't do anything for us. human rights groups are accusing lebanese authorities of using discriminatory practices against the syrians to force them to return to their country. they include deportations often without judicial review. and the latest crack them security forces are closing shops be legally owned by syrians, nearly 70 percent,

according to the united nations don't have the proper documents. the government into boscus is accused of leveraging refugees to extract concessions like the listing of international sanctions. all the while syrians have no rights in a country that has no laws on asylum seekers for refugees. the it is rarely forces kill at least $51.00 palestinians over the past 24 hours, including children, shelter inside a primary school into probably the around the clock. this is out 0 life and also coming up survivors of is really a tight space disease and firemen and over crowded refugee camps and guns plus the tensions in tennessee. but it's really.