we are not going to take the opportunity to create the polishing and state to day situation. we get worse and give region to model award winning or set him up in says speaks to french full and the prime minister, dominique to the time. it is the indifference eighties, that issue money to that is shooting via judy i, b, b. and on out of his era, the, although i made right instead of going, this is counting the cost on, i was a 0 you'll, we can look at the world of business and economics this week, do not try to replace the us dollar. donald trump forms bricks, nations to the president elect breakfast, 100 percent terrace, proof of emotion economies. if they do,

but what might happen if trump imposed such studies? the war on gaza continues to decimate the kind of sending an economy vital sectors in the strips and the occupied westbank of ground to a halt. despite that international aid has been declining. we'll look at the white by jerry as president aims to over a whole the economy. but many nigerians have opposed opponents, a new boost policies including his tax reforms. so will the measures help to fix the nations where it was put they bring felt a hardship, the it is the wells reserve currency used for the 80 percent of global trade. the dominance of a us store that gives the us major economic advantages and significant geo political influence across the world. but many nations in the bricks group of emerging economies accuse washington of using the greenback as a political tool that mainly concerned about us sanctions that restrict the access

to columbus and capital bricks. nation is now and to reduce the dependence on the dollar of propose that own common currency president elect. donald trump has warmed the group, but he will act if it attempts to undermine the dollar. will trump says he requires quotes, a commitment from bricks, countries that they would create a new currency. and if they do, he's threatened to impose a 100 percent terrace on imports the bricks named off to the original members, brazil, russia, india, china, and south africa have expanded recently as they now include iran, egypt, ethiopia, and the united arab emirates. saudi arabia is also expected to join. the grouping is designed to be a new global voice. supposing what it sees as a unit, actual approach to the economy. and politics breaks that accused the us of weapon isaac, the dollar. they say that america leverage has its currency, so the rivals must operate within a framework defined by us interests. the accounts of the dominance they propose to

study the possibility of creating a common currency and have a great to facilitate more trade in the local currencies. well, many economists will that have trump does impose a 100 percent tariff, it would actually fuel inflation in the us. let's take a closer look at how turnips work to explain why that might happen. a terrorist is a tax imposed on foreign made goods. countries used them to protect that domestic industries. for example, a car imported to the united states with a value of $50000.00. subject to a 25 percent tariff would face a 12 and a half $1000.00 charge of trump previously claimed that these taxes won't cost the consumer. i will instead cost another country, but that's almost universally regarded by experts as misleading at best. the judge is physically paid by the domestic company that imports the goods and not the foreign company that exports the target. so generally viewed as a straightforward tax paid by domestic us funds to the us government. in 2023,

the us imported both of 3 trillion dollars worth of goods and services equivalent to around 11 percent of its total g d. p. joining us not from cape town is a raj, a be the and who is an economist who focuses on south africa. and there's also the chief executive of prime africans, capital holdings. good to have you with this? is raj at the 100 percent charge? is that just an idle threat from trump or could he carry through? i just thank you very much for the invitation. uh, can you take it sooner off, or she can pull it to clear, but really he take it so i highly doubt it as quite frankly i the political straight as the bridge member countries, equally oddity straightening that they really launch their own car on to see knowing that is not good for them and they cannot do it at that 100 percent terrace . would be the opposite. don't watch. yeah. uh president trump wants to do is just

to make america great. it's a cottage growth. it's been crazy. it's innovation. it's been cause of all kinds of social, political concerns with the indian office space. never mind within the global the. com. all right, so what about the brakes, right, to stop the own common courtesy, is that an idle threat to a we are we seeing brings on ship going on here? it absolutely is both sides. oh, that's magic. so to speak, the doing begmen ship and then, and is it a lot of political noise without paying attention to the tech they call reform and talk carrying out. for example, on the bridge side, putting a tower on a c or even as a payment supplement, nevermind. a new reserve columns they, they don't have either individually or collective. does it mean i've done very quickly offline, but the technical requirements would be if they want to launch any kind of bricks, currency, reserve, currency, whatever they quoted, they need to have each collectively, each ad productivity they should have legitimacy in terms of their provincial and

regulate free environment of the capital markets, their dead power on the seas remained a stable, legitimate. i'm generally accepted, but look at, for example, where is it? south africa, you're on. uh, in the china. none of them are about any, anything close to that kind or framework that is this, that i've tried and has global credibility for the capital market. and for the trade players to engage in that kind of reserve comes secondly, they should have their own macroeconomic disability in their home, right? they should have a stapled pattern and see if they should have capital markets that are deep enough . and they've been long enough in existence to have to, but if you are all the rich countries interested in you, and i've saw that because the only one that as an independent reserved by desktop, the company is act as an independent judiciary on the cases of capital. market disputes and none of the other members has and not too long, you know. so there's

a lots of technical requirements that 3 countries just don't pay attention to it. they don't wanna get it confused by facts, but they are, as you mentioned, making political noise against the american over about $10.00 ation of dollar or the past. so you for that. so do the accusations about the weaponized section of the dollar stand up to scrutiny. it does space be dr. dr. not this is, has tried to resolve some of the geo political issues with the means. all i need to support all is hedge your money over that at the us. don't on go about straight on the financial markets more broadly. there is facts in that allegation, but the rates would be dead back and resolve that problem is not restrictions. the loan truck currency without having the credibility that you really and you would be able to only tops with us for the w t o stand in in a lot of this is irrelevant or not. they're told in fact is very good. that that's,

that's a very important observation. the reason w to your camera box back in the 19 thirty's is the fact that reid, impact americans all do you know, hard on easy enough? they had this move. how did a trade or where impose terry of sun on the countries and as a result, within 2 years, 24 other countries got on deck, the cheeks for tad as a john robinson. the famous economy is w. j said, is that because i may, but obviously this is not to reinvent the situation. so the result from that was how do we avoid this kind of politically driven the emotion to driven and counter productive policies of terry and i've called to times, so w t o was, was established with a view to bring or that i'm bring logic. i'm being written when scenarios into the global trade amongst the nations, so that the g o is absolutely critical and therefore,

to avoid the damage and the disastrous consequences for an oil and evolve of getting involved in a trade war of the top that mr. trump is talking about is to go back to w t o, sit there orders and abide by them. so what do you think? are we looking perhaps at the prospect of a trade? well, in 2025, or is this just a load of what's here? i think i've read this on adrian. in my view, there will be some partial trades or specifically between united states and china. that's, that's in itself is bad, you know, between, you know, outer space i'm big countries is highly unlikely because of some of those big member countries are allies, your but as you call that allows of you not to stay. so neither from an economic point of view, more from the jump electric, our point of view makes sense for mr. trump to engage in this my see of self destructive and disastrous trade policies that he is talking about. arrows has been really good to talk to you on counting the cost manufacturing day for being with us

. thank you. it's right tensions between the us and china escalating the chinese government has said that it will bound the export to america of some key components for making study conductors among them, the metals, gallium, antimony, and germanium. china is called us ministry, cited national security concerns. first decision move came a day off, the washington announced codes targeting fe, james ability to produce advanced chips, islands, politics, and the way that it does business. i've been settled for another 5 years by last week selection. the low techs and business friendly environment has attracted numerous us tech and pharmaceutical companies that that whole business model could be on the threats if the words of president elect from just circle of to be believed. jonah, how reports now from dublin. a lindsey vases have preserved the political state as quote, but the prospect for its booming economy may depend on decisions made in the united

states. twice ireland, announcing the ser plus, giving the appraisal to users, and ireland announces massive budget. sure, plus for their $5000000.00 people. ha ha. so there's just not true, mitchell, because of these have been pay the taxes in america. and that is how we fix american. the woods of donald trump's pick to be us coma secretary, the 2nd trump presidency, comes with the threat of trade tariffs in markets, including the e. u and tax cuts to draw us company profits back from low tax markets, a broad like lens a. so the top 10 pharmaceutical companies in the world produce in, out of the big names in the i t sector, apple, google, microsoft, they're all here and, and with, with substantial employment, the irish government would hope that these companies knock on washington door and say, look, you're messing up the word, if you have

a major of us pharmaceutical companies in ireland and are in europe, and it's going to mess up their business that going to be knocking the door in washington when it comes to trump, hoping it won't happen because it doesn't make sense may seem an in substantial basis for protecting the very core of islands economic model. us companies account for more than 80 percent of all corporation tax receipts while there activities here mean island enjoys the $35000000000.00 trade surplus with the united states loans and best of the to washington during the 1st trump era also believes he can be persuaded that a trade war in particular is bad for all sides. well, nothing is excluded, nothing is inevitable. that's what i would say. the government governments across the world would be wise to, to start to do some risk analysis. and to, to look at various scenarios. i'm just arguing that we shouldn't throw our arms open, just bear and see everything is hopeless. i think it's a management situation. it's true that trump too, would not be like from one to be

a different sort of presidency. and we have to be aware of that, but i still think it's a manageable situation because the present electronic is a fully bagley transactional ad. so the, you have to concoct an offer to president trump that will make them think twice about launching a uh, a tower of war against new york. the new you mass immigration from island to the united states has for decades insured favorite status among the washington elite. but donald trump is not the irish president, doug button has been and those who know him born and should expect no special treatment. don't hold for counting the cost in dublin $8000000000.00. that's how much the palestinian private sector alone has lost since israel as war and gaza started last year. the economic crisis and the strip and the occupied westbank is lessening by the day g. d. p. per capita is collapsing,

poverty is widespread. unemployment is soaring. yep. israel continues to withhold millions of dollars in palestinian tax revenues needed to pay salaries and provide services. international aid dropped its lowest level of 358000000 dollars last year . let's take more into the numbers. 14 months of israel as well and gaza has left the palestinian academy. it ruins. more than 200000 jobs have been lost since october 2023 at the unemployment rate. is that a staggering 79 percent? virtually all private sector businesses have either completely stopped or significantly reduced production costs. as g d p has shrunk by more than 80 percent . meanwhile, the occupied westbank has also experienced a search in violence along with the demolition of palestinian sets confiscations at illegal settlement expansion. the unemployment rate that is a 32 percent. joining us now from ramallah is tonic sonic who is of the system

professor of economics at those sites university. welcome to good to have you with a state figure. this was me, sol, make for pretty grim reading, but there are real people behind those numbers who has been most affected by the economic collapse and cause of the occupied westbank. thank you for having me do this. um economy side and call me cause i decided on going to the side against the people in guys on the west side. uh, the most the people in this situation are the woman use the, the saw, the level of groups which, where a living high on employment rates before the war, the, the situation they dropped is. and even more, because we don't know yet exactly the numbers of the 3 laws

in terms of interest, tech job buildings, um the uh, the private sector losses. so uh, and skipped the labor as well. uh, and also on faith because by, by this situation and uh, i think that the, uh all the location guys uh, is moving to this lady kind of side and the general side uh, the bar to reach you guys uh, is estimated. it's always best up. so the entire population is living on the parking lot. okay, the way back to this ration is, depends on, uh, of the working say this po, to the, to the war was in this, i am, are heavily affected by the blown kids loud. uh and then the okay,

now kind of, i mean, so i want to ask you that in about that in just a moment. but 1st let's talk about international 8. why has it dropped to its lowest level and what impact is that having don't already done it, you cannot make situation decline because uh, i think that the aide is bar and international policy the to the subject gave you the listing and also already the listing of people to do that as a congress shots that it's a national, a new is mainly based by the us and some other countries. but this, the, the international data from the us and the european union dropped dramatically. sounds of october 7th. that was in continuing the decline the before that

the data, the longer law is specifically roles demonstrated because of the estate sounds long. and one of the law into westbank ends in gather a tonic, 5 binding the worker's from the occupied westbank, who would normally go with the israel to work to work studies, israel hosting itself and its own economy. the yeah, the well is around the living go declining the economy, the g. b, a decline, bike, 3 percent love. but actually the being those i was supported by the increase in the military budget. so uh, the actual production and the client, and part of that is, is that the desire to stop receiving to the listing of what goes where and walk in the m a collegiate conversations. osborne design such as construction

and then it comes up for the moment. is the sustain, uh, it's a, it's economy because a couple of weeks or lands on the other ways of empower good. so any culture from other attempts for this month? and i think that it's in the long run design was a lie, a game on a scene and look as from the west, spent time really got to talk to you on catching the cost manufacture date for being with us. send you a us off to coming to power last year. nigeria as president moved to reform the oil rich nations economy bullets. a new boost plan includes scrapping fuels subsidies, allowing the current state of flow freely a most recently a proposal to of a whole a tech system. but his measures have spot. and among many nigerians who believe

that they've pushed up the cost of living. so they will insist that his controversial economic reforms are necessary other starting to bring results. but all they will discuss that with our guest shortly. but 1st sort of get reports. nigeria as cost of living pricing has sped, no one in place. and really i like cooking at home is so expensive, i bring time to be of what i used to bring to the market, the government to have to solution a newly proposed tax for phone bill that it says with a lead. the 8, the bad and the low income household and small business done is the carry fact to many types of buildings and different ways from different sources. and also to then may keep them all progressive off task. the steps so that people have who and it needs to be more. she does so contributes a little bit more thoughts. there are concerns. critics argues that the

distribution of value added tax revenue v a t a month. nigeria is 36 states, would see wealthy a want to keep it great to share of the money. legal is a prime example. it's one of the nation's largest business census, meaning it generates move the revenue. but the government argues that it's still a fast system. so we're proposing that's the right vision of beauty, of an issue we actually looked at. so the location of consumption, which is really what he's done in most countries around the world. nigeria has $18000000.00 employed adults, but fewer than 10 percent of them pay tax. and a recent saw they found is that 8 to 3 percent of the population don't believe they should. if you see what the government has been with your one and then you have to meet each and you'd be willing to peace. rising prices and high inflation have left to wide spread demonstrations in recent weeks. and most nigerians can only hope

that these were for me to bring about some relief to that diet. economic situation . sorry, go out to 0. the counting the call. alright, let's get stuck into this. we have gospel a ballet who's an economist, 4th street nomics, and i, jerry of the think tank. good to have you with this gospel. why other presidents type of tax reforms that particular proving to be so controversial with nigerians? yeah it's, it's been for the contribution due to the dynamics of the reform itself. you know, it's now tend to be much more of a pause. i was just trying to do much more progressive in nature and then attribution more of the nation. so attribution more, i'm called c 2 states, what contribution most of the to the general pulled out in the federal level. so you've got the riser from to nothing elders for room. i'm not indeed. so golf knows what on this, are you comfortable with that fact? and that's because of the states will likely be much more deprived as

a result of that, the also got a very gross cost, the leading challenge and the lack of confidence in the crank administration. so big concerns around if that would really solve the problem and very fundamental level and give them directly joining proof task compliance during the 2 more accounts. one fair farrah says that in terms of how folks of income is being spent by government and all that. okay, gospel, your and economist, do president to new boost plans make sound economic sense? well, when you think about it from the very top by 11, it makes sense books. the time being the approach on the old out. how does he in which the policies are being rolled out of various online version go head, right? a sometimes less that level of intelligence required to use them very complex and all the time to call them you nice need you all to properties and actually measure each res. so for respond to the that's genuinely unify the car is actually because

once you know how about using more decentralized echo system of the extremes, where where we started b, i'm used to be coming to agree or with an exchange which will be 5 much left transaction right, i'm being slowly, you know, money is regulated or filtered, you know, by market forces in the sense you also have a case of them for subsidy conversation. um, what a visual, why that's a big touchy subject is because it almost gets central energy is being denied me for support and then give it alright. how i still have the face and all that. so even cause you must remain julia julia and how to depend on for sioux falls to go a little overall yet we'll see for that maybe some longer because i just want to run the homes become weak. so these are the deep conversations, backseat, on the pockets of consumers. we get 9 us are trying to drive, what is the single spaces that are pretty much is aligned, you know, under the tree competing 30, mitchell, how are you going to be? but it's a lot of just mixing horses which on west, off your, to your site,

larger is a, is a diverse and complex economy. why is inflation running so high in nigeria right now? i mean, you could argue that that is what is causing most people the most problems, cost of living crisis and nigi or come the government to get a handle on inflation with these plans. i'm not sure the government i'm getting hired a little bit nutritional with these plans. however, these plans to be held to cause or a name or some necessary release. but they're not sufficient enough sufficient because implicitly manager is the structural van you know, going on for one time, please use. i don't know if that's a technical, not a one size think. so i thought she thought we can, the, it's what we did when actually charlan johnson case would be. so taking the interest rates, you know, it gets even, even if it's, i mean the, find the interest in the us on the okay. but doesn't necessarily mean that. ready getting dressel, it's funding for vision e mail, but that's because inclusion has one actually challenge the job,

a big list of other color and see if it's on the slide, the impulse as well as maybe over the policy that'd be, will relate to. just like i mentioned, to have their own unique inquiry and states are leading to see bad strategies. whether you have anything, do you have a business? because that is a having to pay more anyone dental costs over over to the process of moving materials. as a very large extent, you have impressed me, we can know productivity, some new product you've seen overlooking the economy. so usually we have to begin to finkel, fixing a structural issue that has some, some level of structural reforms for structural reforms as well to be able to enable the major. ready let me find us when it comes to the customer leaving when it comes to cost drivers, and actually as a result, one direction efficient ended in the near future. and very briefly, i need a quick concept from your gospel of given the disquiet. will the president be forced to back down a watered down some of his economic ties because he afford to do so? well, what i, what i see if i move around forcing focus police is the large extent on what of

what one of the things i'm quite often shown is, you know, the believe that it looks 2nd what you're doing on what you're trying to achieve. the we're his dad, but the tactics are wrong. example try reading the coordination and in terms of being able to scale to start to, to be able to solve the real cost issues like a minimum cost problems. you know, the dangers are facing sunny day to solve you like the black get to the real problem. this gospel, really great to talk to you on counting the cost and he thinks of data being with a problem and that's our show. so this week, if you'd like to comment on anything that you've seen, i am at a citizen on x, please remember to use the hash tag h a c t c. you could also drop us a line caching. the cost of our 0 dot net is our email address. as always, there's plenty of, of you online at elder 0 dot com slash ctc. that takes you straight to the page and that you'll find individual reports links and, and tot additions for you to capture. for that's it for this edition of counting, the cost on adrian said again on the whole team here though, how,

thanks for being with us. the news on al jazeera is that the john, i will choose his next precedence on december some one with nationwide purchase on my forwarding inflation and fame, some portable fraud and the nation maintain its position as a beacon of democracy in africa. the federal gunners elections. one of the challenges here with the many in taiwan, believe a chinese invasion is an old to v o and some are preparing the military is cutting several middle of the island. a 25. you diligently trains of civil defense costs be

good to be come back to read for the day. and she hopes would never have blue cross generational experiences this winter tactics which divided straits on a jersey to no place. and so i go on with say, the press retreated to the car of the media. how and vital vantage point to doing the 1st, truly televised war from the roof. we could see recreation at the american embassy for the most iconic images of the conflict in vietnam. were transmitted to the world. this was the front row seat to the final stages of the war cycle in colorado . for hotels on old is here. sears, from, i'll just say around on the go and meet tonight. i'll just there is only mobile app is that the, this is where we dissect allies from out is there is

a mobile app available in your favorites apps to just set for it and typed on a new app from out to 0 new at using is it the opposition to fights isn't serious, say then now in full control, the city of the wrong is the 3rd main city to full to the revolution, just a couple of days. the this is i'll just hear a lot from taylor on carry. johnston also coming up the physician has thoughts as a syria within striking distance of homes. i say.