[000:00:00;00] the the 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 ones 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 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. 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 calling us and capital bricks. nation has now and to reduce the dependence on the dollar of propose that own common currency president elect. donald trump is one of 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 target fund, import 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, 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 of 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 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 of 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? 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 between the cottage growth. it will raise its 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 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 that loan trouble carol and see 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 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 do be avoid this kind of politically driven, emotionally 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 us to 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. let's write tensions between the us and china escalating. the chinese government has said that it will bind the export to america of some key components from a king, study conductance 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 stage 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. had 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, you have 8 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 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. 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 the search and violence along with the demolition of palestinian sets confiscations at illegal settlement expansion. the

unemployment rate that is up to 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 out to be sold make for pretty grim reading, but that 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 switch where a living high on employment rates a 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 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 are heavily affected by the blown 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 the, 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 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 ends 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. 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 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 done 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. sent you off to coming to power last year. and i jerry as president, move to reform the oil rich nations economy. bullets. a new boost plan includes scrapping fuels subsidies, allowing the car and see to flow freely a most recently a proposal to of

a whole. the tech system bought his measures of spot. and among many nigerians who believe that they've pushed up the cost of living to do but insist that his controversial economic reforms are necessary as a starting to bring results. but all they will discuss that with our guest shortly . but 1st sort of get reports of the nigeria cost of living crises has sped, no one, the inflation or really i liked 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 business done 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 spam so that people have who and it needs to be more she does. so it contributes a little bit more thoughts. 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 sensors, meaning it generates move the a t revenue. but the government argues that it's still a fast system. we're proposing that's the right vision of vt of an issue. we actually would set 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 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 peace. rising prices and high inflation have left to wide

spread demonstrations and recent weeks. and most nigerians can only hope that these before will bring about some really, to that diet economic situation. sorry, go out to 0, the counting nicole. all right, let's get stuck into this with gospel a ballet who is an economist, 4th street, and they'll make some nigerian think tank goods heavy with a set gospel. why are the presidents type of tax reforms that particular proving to be so controversial with nigerians? yeah, it's always been find the contribution 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 the nation. so actually teaching more, i'm called c 2 states, what country between most of the, to the general pulled out the federal level. so you've got the riser from the nothing elder for room and nothing to be done. so golf knows what honestly comfortable with that fact. and that's because of the states will likely be much

more deprived as a result of that, you also got the very gross cost to living challenge and the lack of confidence in the crate administration. so big concerns around if we really solve the problem on the very fundamental level, give them directly joining proof task and compliance give the opportunity to more account one for services. but in terms of how folks i'm being called these being spammed by government and all that. okay, gospel, your and economist do president to new pose plans make sound economic sense? well, when you think about it for the very top by 11, it makes sense books. the time being the approach on the all the time in which the policies are being rolled out of various online converging go head right, sometimes less that level of intelligence required to be very complex and all the time to communicate major,

all of properties that actually make your age raise to for respond to the that's genuinely unify the car is extreme because once you know how about using. busy decentralized echo system of the x gene where, where we start b, i'm used to be coming to agree or with an exchange, which will be very much let transaction that i'm being slowly. you know, monday is already deleted or filtered, you know, back by market forces in a sense, you also have a case of them for a subsidy conversation. what a vision of why that's a big touchy subject is because you almost get substantial again and she's been do you live until she falls? and then juliet. alright paul, i still not be faced and all that. so even cause you must. but i've been named julia julia and how to depend on for you 1st of all, yet let's see for that maybe some wrong in positions of to run the homes become weak. so these are the deep conversations, backseat, on the pockets of consumers. we've been named 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 do you mean to me but it's

a lot of just mixing horses refund, west off your tilt. you say niger is a, is a diverse and complex economy. why is inflation running so high in nigeria white now, i mean, you could argue that that is what is causing most people the most problems, the cost of living crisis and 90 are kind of the government to get a handle on inflation with these plans. i'm not sure the government i'm getting has a little bit nutritional with these plans. however, these plans be held to cause or a name or some necessary release. but yet not sufficient dental sufficient because english anything julia is the structural van you know, going on for one time please use. i don't know if that's a technical you know, 21564. i thought she thought we can build it except we didn't. when actually charlan johnson case would be so taking the interest rates, you know, again see even if it's, i mean the fund the interest in the us on the okay. but doesn't necessarily mean

that. ready game dressel is funding for appreciating the that's because inclusion has one actually charlie, did you have a big list of other color and see if it's on the slide? the impulse here as well as maybe over the policy that'd be mostly later just like i mentioned earlier on, you need to inquire and states are leading to see bad chinese is what do you have anything do you have? 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 how impressed me we can look it up to, you know, practicing over local economy. so usually we need to begin to finkel fix and structural issues that have some, some level of structural reforms for structural reforms as well. to be able to be made with a major carly, find us when it comes to the customer leaving when it comes to cost drives and actually as a result, one direction this one in the, in the near future. and very briefly, i need a quick concept from your gospel of given the disquiet. will the president a force to back down a watered down some of his economic times because he have 4 to do so? well what i,

what i see if i who are on enforcing focus police is the live extent on what of what one of the blended lot of means on quite a confusion is you know, the believe that is exactly what you're doing on what you're trying to achieve the we're his dad, but the topics are wrong. examples try reading the coordination. i mean, terms of being able to scale this factor to be able to solve the real cost issues or the minimum cost problems. you know that, that, that dangers are facing sunny day to day is off the black. get to the real problem, this gospel, really great to talk to you on catching the cost effective date for being with a problem. and that's our show for this week. if you'd like to comment on anything that you've seen, i'm 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 out a 0 dot net is our email address. as always, there's plenty of, of you online at, aus is 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 a tree instead of going from the whole team. here though, how, thanks for being with us, the news on al jazeera is that the of peace content a story without answering a single word. the young conventionality of life witnessed through the lens of the human eye on how to say around the factory gene is over today. mike's only the beginning, what we're seeing right now, it's only difference that your side is finished. we're seeing a return to their home when people have met our shopping, whatever they say on time or they come up to us, since at least we want to express our feelings for them. and it's, it's almost unbelievable 1st for the review and it just tends to be what

the hell is happening before the end of the question. why? like this led to disclose your mind it's area and really foundation a several meters underground. this school is called simply the undergrad school, new type purpose built its location is secret and it doubles up as a bomb shelter. some children have no nothing other than school and more time. i like to study him not above ground because it stays here. this is the only school of its kind in the city. it's cost,

millions of dollars and the off tends to build more. the idea is not only to create a safe environment, also has important for children. a child psychologist takes care of the children's emotional needs in a school that is doing its best, a shell to protect children. however difficult to task that the israel hits naval targets amount of hundreds of attacks across syria. the un secretary general close for an end to the strikes the hello. i'm jessica washington. this is on to 05 from to ha. also coming out of the syrian opposition sciences say they've taken another major