its joins the ranks of hundreds of children and because was lost at least one due dated scott, but by no means broke. she looks to the future and have a key on that show has saved own medicine in pipelines. all that remains on is just the although i made her 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 brooks nations, the president elect trespass 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 spiteful 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. the many nigerians 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 walls. reserve currency used in any 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. but mainly concerned about us sanctions that restrict the access

to commerce 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, dcf, here at 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 is 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 the domestic industries. for example, a car imported to the united states with the 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 charge is physically paid by the domestic company that imports the goods and not the foreign company that exports the tariff. so generally viewed as a straightforward tax paid by domestic us farms 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 it, raj at the 100 percent charge. is that just an idle threat from trump or could you carry through? and 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 and knowing that is not good for them and they cannot do it at that 100 percent. tabby would be the opposite on watch. yeah. uh president trump wants to do is just to

make, i'm ready to upgrade you to a cottage growth. it will raise it's innovation, it will cause all kinds of social political concerns within you and office space, nevermind 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 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, cut on a c, 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 own 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 resolved that problem and is not restrictions that loan trouble carol and see without having the credibility that you really and you would be able to only tops with us with 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 cio camera box back in the 19 thirty's is the fact that reid impact americans. oddly enough, hard on easy enough, they had this is how the trade bore, where impose tariffs on the countries and as a result, within 2 years, 24 other countries got on deck cheeks for tad. as a john robertson, the famous economies w j said this is that because i may, but obviously this is not to reinvent the situation. so the result from that was how to be avoid this kind of politically driven, emotional driven and counter productive policies of terry. and i've called 2 times . so w, chico was, was established with a view to bring, or that i'm being logic, i'm being written when scenarios into the global trade amongst the nations. so that will get yours is absolutely critical. and therefore,

to avoid the damage and the disastrous consequences for an oil in the bowl 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 bring this on india and my view there will be some partial trades or specifically between united states on china. and 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 me is that from to engage in this my see of self destructive and disastrous trade policies that he is talking about. it's just been really good to talk to you on counting the cost many. thanks and thanks for being

with us. thank you. it's right tensions between the us and china escalating the chinese government. the 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's election. the low tax and business friendly environment has as 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 that's just not true. that's what the concept is. have them 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 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 with 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 and 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 say 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. 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 the search and 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 out to be sold 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 uh the saw the level switch where a living high on employment rates. uh, before the war, the, the, the situation they dropped is an 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 my, my, 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. what doesn't this, i am a heavy estate. it says why?

the blog, kids loud uh and then by the 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 aid does bar uh, and international policy the, to the subject gave you the listing and also already the listing of people to do that as a, the 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 about 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 warner law into westbank hands and gather a tonic, 5 binding workers from the occupied westbank who would normally go with the israel to work to work, studies, israel hosting itself and its own economy. yeah, the well is around the living go declining the economy. the g. b, a decline, bike, 3 percent love. but actually the being that 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 uh the sustain, uh its, uh, its economy, charles: oh uh, cuz of the lands on the other ways of, uh and both is good. so uh, the driver from other transfer this month, and i think that is in the long run design was a lie, a game on a scene and look as from the west bank type. really got to talk to you on cash in 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 on this, the carry, far too many types of buildings and different ways from different associates and also to then may keep them all progressive on that 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 concern. 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 direction of the, 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, 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 heavy with this gospel. why other presidents type of tax reform is 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 trying to do much more progressive in nature and then attribution more of the nations of attribution more. i'm calling to see to states what country between most of the, to the general pulled out of the federal level. so you've got the riser from the 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 the very gross cost of living 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 for the very top by 11, it make sense books, the timing, the approach on the old out. how does he in which the policies are being rolled out of various online converging, cool head, right? sometimes less that level of intelligence required to use to very complex of electronic columbia. that means you also have properties and actually to meet your injuries. so for respond to the products 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, much 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 a 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 and larger is a, is a 5 us 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 installation 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 thing. 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 funding interesting is relevant to 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 charged 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 inquire 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 in general costs over over to the process of moving materials . as of a large extent, you have impressed me, we can know productivity, some new products are seen overlooking the economy. so usually we have to begin to finkel, fixing a structural, an issue that has some, some level of structural reforms for structural reforms as well. to be able to be made with the major. ready let me find out when it comes to the customer leaving when it comes to cost drivers and actually as a result, one direction efficient 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 in forcing some of these places,

the large extent on what one of the, quite a confusion 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 those factors to be able to solve the real cost issue, the minimum cost problems, you know that the dangers are facing sunny day to 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 of destruction on a scale never seen before with the risk of nuclear warfare which is highest and decades, a group of real shimmering nega saki civil who has been awarded to 2024 nobel peace prize, which efforts to achieve a world free of nuclear weapons, join us from oslo for an exclusive interview with the witness campaign group in the home. he don t o and he had a powerful witness testimony. the nobel interview lies on eligibility, around the mama uprising in um 3 to movements that takes place in can you time being up against the british demanding tunnel, fill on me because if i don't come in, so in the night on presents colonial past, there is this domestic torture of reign of terror and these count major human

rights abuse. how was this happening? the very bridges way of to whichever one tend or need to deny on al jazeera america is a region of wonder of joy tragedy. and yes, of violet. but it doesn't matter where you are, you'll have to be able to relate to the cuban conditions. no country is a lie, and it's my job to shed light on how and why no license. i go on with say, the press for treated with the car about a 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 and vietnam were transmitted to the world. this was the front row seat to the final stages of the war cycle and caravel war hotels, on all just a diverse range of stories from across the

gland. from the perspective of on networks to on the, the opposition forces in syria say they've taken the southern city of that. all. that's the major city the full in just a few days. the time sammy's a, then this is out just a lie from dell hall. so coming up. com a just and the site on the refugee compton, central gaza, at least 23 palestinians including children are killed by israeli attacks south korean m p.