that efforts to achieve a world free of nuclear weapons join us from all as little for an exclusive interview with the winners campaign who don q. and here to how for witness testimony. the no balance of your life on out is the, although i made right instead of going, this is counting the cost on al jazeera. you know, we can look at the world of business and economics this week, do not try to replace the us dollar. donald trump ones bricks nations to the president elect trespass 100 percent terrace on the proof of emotion economies. if they do, but what might happen if the trump imposed such that it's more on goss, i continues to decimate to kinda send the an economy vital sectors in this trip

from the occupied west bank of ground to a halt. despite that international aid has been declining. we'll look at why why jerry is president aims to own the whole the economy of 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 wells was of 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. but mainly concerned about us sanctions that restrict the access to commas and capital bricks. nation is now able to reduce the dependence on the dollar of propose the own common currency. president elect donald trump as won't

the group that 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 and actual approach to the economy and politics break. so the cues, 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 counts of the dominance they propose to study the possibility of creating a common currency and have agreed 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 types work to explain why that might happen. a terrorist is a tax imposed on foreign made goods. countries use them to protect the 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 consumed up. 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 the terrace. so generally viewed as a straightforward tax paid by domestic us funds to the us government. in 2023, the us imported board of 3 trillion dollars worth of goods and services equivalent

to around 11 percent of its total g d p. joining us now from cape town is a roger 1000000000, 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 us in 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 straits 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 terrace . would be the opposite on watch. yeah, my president trump wants to do is just to make america great. it's a cottage growth. it's been raising sanitation, it's been cause all kinds of social, political concerns with the indian office space. never mind within the global the.

com. all right, so what about the bricks? threat 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 thats 9 dig so to speak, the doing begmen ship and done and is it a lot of political noise without paying attention to the technical requirement of carrying out, for example, on the bridge side, putting a tower on a c or even as a payment supplement nevermind to new reserve county. they don't have either individually or collective jones that may i have 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 courted, they need to have each collectively, each and collectively they should have legitimacy in terms of their provincial and regulate free environment of the capital markets, their dead count on the seas remained a stable, legitimate, and generally accepted. but look at, for example, where is it?

south africa you're on. 2 in the china, none of them are about any, anything close to that kind or framework that is this, that i've tried on has global credibility for the capital market. and for the trade players to engage in that kind of reserve covers. secondly, they should have their own macroeconomic disability in their own right. they should have stapled power on 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 richest countries interested in you, and i've saw that because the only one that as an independent reserved 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 want to be 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 the kids that do the accusations about the webinar. ization of the dollars stand up to scrutiny. an it guy space b dots adopt and not this space 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 trade on the financial markets more broadly. there is facts in that allegation, but the rates would be dead back and resolved. that problem is not restrictions that alone trump account to see without having the credibility that you really and you would be able to only adopt whether it's the w t o stand in, in a, in a lot of this is irrelevant or not. they're told in fact this very good that that's, that's a very important observation. the reason w t. ok my boss back in the 19 thirty's is the fact that reid impact the

americans. oddly enough, hard on easy enough, they had the smooth how the trade bore, where impose tariffs on on, on the countries and as a result within 2 years, 24 other countries got on tag the checks for tab. 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 the emotion to driven and counter productive policies of terry. and i've called 2 times. so w chico was, was established with a viewer to bring or that i'm bring logic. i'm being written when scenarios into the global trade amongst the nations, so that what you're g o is absolutely critical and therefore to avoid the damage and the disastrous consequences for all involved of getting involved in a trade war of the top that mr. trump is talking about is to go back to w t o,

set the rules 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 india and my view to read this some partial trades or specifically between united states and china. that's, that's in itself is bad, you know. but between you and auto space, i'm big countries. it's highly unlikely because of some of those big member countries are allies, your but as you call out those of you not to stay. so neither from an economic point of view and more from the jump electric, our point of view makes sense for me is that from to engage and just see of self destructive and disastrous trade policies that he is talking about. the rush has been really good to talk to you on counting the costs many. thanks, and thanks for being with us. the. thank you. it's right tensions between the us and china escalating the chinese government. the said that it will found the export

to america of some key components from a king study conduct as someone from the metal us, gallium, antimony, and germanium. china is called us ministry, cited national security concerns. first decision move came a day off, the washington announced cubs targeting a 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 tax and business friendly environment has attracted numerous us tech and pharmaceutical companies, but that whole business model could be on the threats if the words of president electronic and his circle ought to be believed. jonah ho 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. so give me a break. so it's all on the 1st and i are with announces massive budget. sure. plus

for their $5000000.00 people. ha ha. so there's just not true. so the concept is have them pay the taxes in america. and that is how you 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 islands, east of the top 10 pharmaceutical companies in the world produce in are 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 am, are in europe, and it's going to mess up their business. they're 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 they're activities here mean island in georgia. $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 irish government governor's 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 manageable situation. it's true that trump too, would not be like from one would be a different sort of presidency and we have to be aware of that. but i still think it's a manageable situation because i'm present electronic is

a fully bagley transactional ad. so you have to concoct an offer to present drugs that will make them think twice about launching a uh, a tower of war against your opinion. mass immigration from ireland to the united states has for decades insured favorite status among the washington elite. but donald trump is not the irish president. joe biden has been and those who know him born and should expect no special treatment during the 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 date g, d, p per capita is collapsing. policy is widespread. unemployment is soaring. yep. israel continues to withhold millions of dollars in palestinian tax revenues needed to pay salaries and provide services and 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 economy. 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 west bank has also experienced a surge 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 an assistant professor of economics at those sites university. welcome to good to have you with a state figure. this has to be sold make for a 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 when people are, when we do this, um economy side of the technical side to side on government, which is the side against the people in guys on the west side. uh, the most level people in this situation are a woman use uh the saw the level switch where a living high on employment rates before the war, 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 the 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 i think that the all the location guys uh, is moving to this lady. kind of side and the general side uh, the bar to these 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 the depends on uh of the working say this po, to the, the war, the what doesn't this right. and are heavily affected by the blown kids on the 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, let's talk about international 8. why has it dropped to its lowest level?

and what impact is that having already done it, you cannot make situation define it because uh, i think that the 8 is far too uh, an international policy the to the subjugated listing and also already the listing of people to do that as a, to accomplish outs. that it's a national, a new is mainly paid by the us and uh, some other countries. but uh, this uh, the international dates from the us and the european union dropped dramatically. sounds of the looks of the 7th that was continuing the decline before that the data, the longer law is specifically roles damage kelly, because of the estate shows along. and warner law in the west bank and gaza

atlantic 5 binding workers from the occupied westbank who would normally go with the israel to work. to what extent is israel hosting itself and its own economy? the yeah, the well is around the living go. declining the economy, the g b, a decline by 3 percent. well, that's actually the privilege being those i was supported by the increase in the military budget. so uh back to the production and the client. and part of that is, is that the desire to stop receiving to the hosting of work as well. and walk in a couple of seconds. osborne design such as construction and that would come from the moment. this was something uh, it's uh,

it's economy because uh, because of the reliance on the other ways of uh, empower. good. so uh uh, a culture from other transfer this month. and i think that in the long run design was a lie, a game on others. the num lock s from the west bench tech 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. now jerry, is president, move 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 the tech system. but his measures have spots. 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 at the starting to bring results. but all they will discuss that with our guest shortly. but 1st sort of get ripples

nigeria is cost of living, pricing has said no one same 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 the solution, a newly proposed tax for phone bill that it says would alleviate the bad. and the low income household and small business term is the carry fact to many types of buildings and different ways from different associates. and also to then make more progress. the laptops, the steps so that people have when it needs to be more she does. so it contributes a little bit more bots. there are concerns. critics all these that the distribution of value added tax revenue v a t a month nigeria is $36.00 states, would see wealthy a want to keep a 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 to we're proposing that's the right which one of you to have an issue we actually looked at. so the location of consumption, which is really what is 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 to that 83 percent of the population don't believe they should. if you see what the government intervene with your one and then you have to meet each, you'd be willing to pay. rising prices and high inflation have left to wide spread demonstrations in recent weeks. and most nigerians can only hope that these reform will bring about some relief to that diet. economic situation. sorry, go out to 0. the counting nicole. all right,

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 you heavy with his gospel. why other presidents check of tax reforms that particular proving to be so controversial with nigerians? yeah it's, it's been slightly controversial due to the dynamics of the reform itself. you know, it's now tend to be much more of a pause, always trying to do much more progressive in nature and then actually beauty and more of a donation. so attribution more, i'm called c 2 states, what country between most of the to the general pool and the federal level. so you've got the riser from to nothing eldest for room and most 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 to that in cross cost of living challenge and the lack of confidence and the new crank administration. so big concerns around if that

would really solve the problem and very fundamental level, give them directly to any improve tax compliance considering the 2 more accounts of one fair. fair us is that in terms of how folks i'm being comedies being spent by government and all of that. okay. gospel, your and economist do president to do pose plans make sound economic sense? well, when you think about it for the very top by 11, it makes sense books. the timing, the approach on the old out has in which the policies are being rolled out of various online version go head right? sometimes less that level of intelligence required to least a very complex and all the time, the columbia nice named you all the properties of actually the major each res. so for respond to the that's genuinely unify the car is extreme because once you know how about using more decentralized echo system will be extreme. where, where we start the youngest of the country as well with an exchange which will be 5

months left transaction rather than being slowly. you know, monday is regulated or filtered, you know, by market forces and defense. you also have a case of that for a subsidy. conversation um, what a visual, why that's a big touchy subject is because it almost gets a defense again and she's been driving until she falls and i get all right. all i still love be faced and all that. so even come see us, but i've been named julia julia and how to depend on for sioux falls to go a little overall yet. we'll see for that maybe something wrong because i just want to run the homes become weak. so these are the deep conversations that you turn the pockets. of course you must be getting ideas of trying to drive, but it's the single spaces that are pretty much is aligned, you know, under 3 competition. mitchell, how you're 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, the 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 doesn't get a 100 little but nutritional with these plans. however, these plans to be held to cause or enable some necessary release. but again, 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, 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 find the interest rates available to the us on the okay. but doesn't necessarily mean that. ready getting dressed, so if somebody proficient you know how that's because efficient have one actually charged the job. a big list of other currency efficient is like the impulse it as well as maybe over the place. the that'd be mostly like, just like i mentioned in their own unique inc. ahead states are leading to see bad

strategies. what do you have anything, do you have a business? because that is a having to pay more in general costs over over to the procession. digital materials, as a very large extent, you have a trust me, we can know productivity, some new product, use the local economy. so usually we have to begin to finkel, fix any structural issues that have some, some level of structural reforms for structural reforms as well. to be able to be made with the major companies, find us when it comes to the customer leaving when it comes to cost drivers. and actually as a result, one friction efficient in the near future. and very briefly, i need a quick concept from you for gospel a given the disquiet, will the president be forced to fact down a watered down some of his economic ties because he have fought to do so. well, what i, what i see if i move around forcing some of these places, the large extent on what of what one of the mentors and quite a confusion is you know, the booth. i didn't know exactly what you're doing now what you're trying to achieve. the week is that,

but the topics are wrong. examples try reading the coordination and in terms of being able to scale to start to, to be able to solve the real cost issues on your own cost problems. you know that the dangers are facing sunny day to day is off. you think they'll blanket to the real problem this gospel, really great to talk to you on catching the cost. i think thanks for the for being with us for having 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 all, just 0 dot com slash ctc. that takes you straight to the page that you'll find individual reports, links 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 steering

the combination of violent wars and the heavy rain creating a respiratory for more suffering for palestinians asking questions. what are the challenges in helping girls that are seeing this sort of means conflict? we're pushing for the extra really, really big we see in this generative an in depth coverage. i'll just say it was teens on the ground. when you closer to the heart of the story, a unique perspective. we don't want to head to well, but we no longer have any private spaces on the incident. that's a scary well on heard voices a year into this genocide, it still remains large. one section connect with our community and tap into conversation if you don't mind elsewhere, but humanity, the number of people who want to stop sending weapons has gone up and up despite what they hear in the mainstream media in the united states. the stream on algebra

one 3rd of all the put for you is to wasted which tens of thousands of put outlets installed in south korea has been transformed from west defender is to build a leader and for the recycling i, the reporting on how new technology is making this possible and can yeah, i mean the form of incentives. what do you have? do you think just for the labor? no, it's depends on a new place, a phrase or just there is no channel that covers world views like we do as a roman correspondence. i am constantly on the goals covering topics from politics, to environmental issues, scalable like nothing you've ever seen. what we want to know is how does these things affect people we revisit places day, even when there are no international headline. houses are really invested in that. and that's a privilege. as a journalist,

the a new political chapter for syria work begins on forming a government off to the full of the asset routine. the non sammy say them, this is i'll just do a live from the house or coming up families. so series notorious and i a prisons are close on the where abouts of the missing loved ones. that the case back syria, national lama says it's taking control of the city of mandates from could the spices.