this is us war on guys a continue, the new series takes you beyond the headlines of the company. we weren't enough for a month and i operated again every day. most of my lists were just children. award winning move the fashion repeat to speak to plastic such in victoria rose. i think when you go and you know that you're making it, this is very hard. no escape refrain on out is the era, the variance. and again, this is counting the cost on that was a 0. your way to look at a lot of business of the comics this week is called himself terrorist mind donald trump construct and levies on imports from friends and foes among other measures.

so how will his economic policies affect americans and the rest of the world? california is while files are on track to be the cost is disaster and us history, but the states insurance companies are in crisis. so who pays with the damage of 14 plans? it's 1st the sanctions more targeting people smugglers, but how will the measures work? and will they help stop the legal trace? the terrace, or the court of donald trump speaking on the policies and he's threatened to hike them as soon as he has used office as us president. it's not just us trade rivals who could be affected by dimensions. its allies are at risk to trump says the measures are aimed at protecting american industries boss. he's going, as far as threatening to use economic force against also was often suggesting that canada should become the 51st us states. many economists support these policies, which also include aggressively kotik texas,

for some could reignite inflation and spock a global trade for, but will they will discuss a lot with, i guess shortly. but 1st, victoria gave the reports, the imposing has the tire of sodium poochie. goods is a threat. donald trump repeated throughout his campaign. to me, the most beautiful word in the dictionary is tariff. more recently, he refused to rule out using military full so economic coalition to seize the panama canal, take control of greenland from denmark, and full canada into becoming a us state. we need them for economic security. trump says tariffs would encourage foreign companies to make goods in the us. many business leaders say the cost of them would be boomed by us, consume is in the form of high prices, towers or taxes. we all know that they are inflationary. they're paid for by consumers. and if we go forward with proposals that president trump is

indicated, he may put in place who would have a severe reaction in terms of the prosperity of united states. and with increase inflation. dividing administration sharply increased terrace on imports from china last year in an attempt to protect american jobs. they coverage electric vehicles, batteries, and semi conductors, and applied to $18000000000.00 worth of chinese products. but trump's plans go much further and the worries they could lead to trade was we consider him 10 to 20 percent on exports from all sources except for 60 percent on china. we're seeing a, a tariff coverage is 10 times the magnitude of the 1st trade war and the tear rates are much higher. because let me say, will street is given from the honeymoon with stokes initially surging. but some worry about the economic impacted his decision to high tech grooves. the fact remish, swami, and you know,

most to make massive government costs is trump imposes tariffs that prevent retaliate tree measures by china and all those economies when they could hit us export and invest as and drive up prices for ordinary americans. victoria gates and b l g 0 is the counting the cost. so what are the terrace, but how do they work? well, there are checks on foreign goods. both ends and nation as likely united states governments use them to protect the domestic industries. for example, a call import it into the us with a value of $50000.00 subject to 25 percent tariff would face a 12 and a half $1000.00 charge of trump insists the types of paid for by foreign countries and won't cost the consume up but experts almost universally disagree. the charges physically paid by the domestic company, the impulse, the goods, and not the foreign company, the exports, it types kind of hot foreign countries. if bias shy away from higher price is

caused by an increase in levies that could be mitigated. if they sell that products elsewhere, nations could also take returning a free mattress, which could lead to a full blown trade full is. stephen, how can, as the ceo of a pack advise us and sold a deputy general counsel the us department of transportation. he joins us now from the single pool statement good to have you with us. so as we hood trump's favorite word in the dictionary is carrots, what can we expect of him? will he follow through on his stress bearing in mind that you and i have talking a couple of days before the organization? yes, the hell follow through. he believes in terrorist he used tariff last time. president bind, continue, those tears, which the, the trump administration incoming believes validates that everything they did was correct. so we're going to get a terrorist and we're going to get even more terrorist then we have right now. so all those terrace that we're going to help or hinder the us economy,

are they going to be inflationary? or if they will probably be inflationary to some degree. so 2 things to keep in mind. first, the trump administration will believe they can offset some of that inflationary impact from the tariffs by, you know, taking action such as a de regulatory impacts that they'll look at doing in terms of the united states of . so they will do some things that can offset it, but more importantly, they believe that the united states has to have these tears because one ensures a level playing field, especially with china 2. and it protects the us national security. and if, if, if the cost of protecting yours, national security is a little bit of inflation with harris with a natural price worth pay, how do you see them the relationship with china developing over the course of the, the trump administration? well, i mean, i think with the starting point for, for the trump administration, and frankly for him, the, by the ministration and even towards the tail end of the obama administration, is

a child who's taking an action after action after action against the united states . that has been unfair, it's been unfair in terms of force technology transfers, when you're less than other companies coming to china, they're expected to give up their technology. it's unfair competition because of all the state subsidies the china has been doing its unfair competition with regards to the, you know, made in china 2025 policy that's been in place for a decade now. that has worked for china and china is now dominating a lot of the key sectors for the 21st century, such as the electric vehicles. and so this is in reaction to what china has done. so it's not so much what, what is truck going to do to, to level the playing field to, to retaliate against china is we'll china be willing to engage with the united states, or is trying to gonna further retaliate that will increase the trade war that we have ongoing that. all right, so that,

that's china to with what about the rest of us? do we need to worry about about trumps charged. how is all of this going to play out on the other fact all of us and the rest of the world? yeah, well 1st, if you look at what's going to happen to the rest of the world with regards to china, this is not the us against china. other countries need to protect their sectors against china. if you have tears coming on china from, from the you, from brazil, from countries in, in south east asia because of this same item, fair trade practices that china is using when it comes to electric vehicles. you also have concerns throughout the world, including the united states, but everywhere else about china is excess capacity that they're dumping into markets at this. hollowing out some, some of the industrial bases that, that you see in the us and you see elsewhere. so part of this is going to be use the world, you know, it is, you se, asia in parts japan, korea, what are they going to do visa v, china? and then how is china going to react?

because if you see this, you know, china plus one this, this diversification of supply chain out of china because of the tariffs, the us has been putting out. it's not just the us and the japanese in new your opinions that are diversifying out of china. it's the chinese who are diversifying out of china and what is that going to do? there is upsides and downsize for countries for where china is diversified. so it really is, is not just that, that what's gonna happen between the us and china. it's all the, the effects from it, in addition to enacting to your point, adrian, the us is also going to put tears on other countries, canada, mexico, the you, we're going to see that as well. and so yeah, we're, we're in for a lot of tension in, in trade going forward throughout the world as a result of donald trump's presidency and his approach to in america for ext agenda . i'm glad you brought up the canada there. what are we to make of, of that nonsense of also his threats to, to take greenland by force and, and take breakfast, but the cat, the panama canal, black. well, okay, so what,

what is terrorists in $11.00 more than a national security strategy that he seems to have going. let's regard, cit, canada, and mexico. in particular, this is where donald trump is, says it's better not to work in the existing rules based system that the w t, our or work try lateral or flurry lateral trade agreements. but it's better for us to engage one on one by laterally with countries. because any time the us negotiates with someone in the us, as in a superior position because it has a larger economy, it has the stronger military and it has a bigger market. it just got advantages for any one on one to go. she ation. and what truck does is he uses he weaponized as the economy. he weaponized his terrorist. and so he says to canada, research to mexico for i don't like what's happening at the border. i don't know what's happening. it, immigration, the page that piece is more of a bargaining chip and, and we will see of countries are able to come to some bargain like canada and

mexico one which i think. so one could say it's, it's to the us is short term benefits, but it, it probably harms the us in the long term. and finally, the, what about the markets? to what extent will will they act as a guard rail against some of trump small, big, big xtreme, my desires, if you like me. i mean, what is it that is one of the only guard rails it seems to be left on donald trump's actions. what we're seeing so far in the hearings, in, in, in the republican controlled congress and the house and the senate, they're going to do seemingly almost anything that donald trump says. you're not gonna have a check from the congress. the courts don't seem to be standing up to him, they, they give deference much more to the executive branch and, and the president then then they have done in the past with the courts aren't necessarily going to be a check. the check is going to be the markets,

and that is going to be the argument that people are going to have to make governments, businesses, investors. when donald trump and his administration take those actions that are inflationary, both with regards to tariffs, with regards to the port ation, that's going to lead to wage inflation in the united states. if he carries out what he's claiming to do that, the markets are guard rail and we're going to have to see of the guard rail holds. or donald trump is going to say it differently. this time, more important to focus on our national interest, regardless of the market is going to take a really good still see steven manufacturing day for being with us. thank you. lodge swathes of land with the thousands of structures destroyed the entire neighborhood, simple ones home to multi $1000000.00 properties, reduced ashan rubble. the cost of the damage correspond the wildfires in los angeles is estimated to run into tens of billions of dollars and they could become

the costliest wildfires in us history in terms of insured losses. how that spells trouble for insurance companies which are already in crisis. families and businesses are trying to pick up the pieces as recovery operations continue. michael, a pal reports a scene of devastation, whole neighborhoods, reduced to ash and rubble. thousands of people lost everything that homes, their property memories, and the most tragic cases they loved. the fortunate were in should and will be compensated, but many were not in the past few months and stuff. some of the homeowners have had their insurance is canceled for just because the insurance company didn't want to cover them anymore. so there are some people who will be without insurance. california is, insurance crisis has been brewing since wild fires in 2018,

which resulted in big losses for insurance companies. they've since become weary of issuing policies to those living in the high risk areas. the phase program, backed by the california government, was introduced to offer protection to property owners who could no longer find it in the private market. but it's expensive and provides less coverage then commercial plans. we're going to make sure that the fair plan and those in a get to help that's guaranteed under that program will do whatever is necessary. we're gonna also have to address the broader insurance crisis that is forced people into the fair plan. for some, the cost of insurance was simply too high. it's estimated that 10.5 percent of homeowners in california, more than 800000 people, have no coverage at all. the federal government will help to rebuild roads and

infrastructure, but where they will step in to help individual home and small business owners remains to be seen. all over the federal government is going to cover 100 percent of the cost for the next $180.00 days for things like firefighter overtime pay debris removal temperatures. it's going to cost tens of billions of dollars. it was sanders back to where it was sort of the fibers to step up to provide listening and more frequent fires blamed on climate change. have made it hard for insurance companies to predict their potential losses from weather related events or to recover them. a number of companies have left california entirely, and if this trend continues, many more homeowners will be unable to afford coverage, increasing the risk of an insurance crisis in the state. mike level elgin's era for counting the cost. jason kirkpatrick is

a climate expos and head of communications runs on we style and he joins us now from lynn to tell me what his trade space. it's possible at this early stage to put a, an accurate figure on the total damage and the costs to the economy of the sectors that have been most effective. yeah, customer here and so far about the fires because of this extreme weather disruption . we're seeing, we're getting worse and worse. the 1st costs we're seeing are 40000000000 possibly to the industry says, well, wells fargo we've seen figures of up to 275000000000 for the entire economic losses. the governor of california says, probably the worst ever natural catastrophe. and this affects all sorts of sectors that you might not even think of, for example, hollywood film and this feed there. and they generate revenues of up to 45000000000 a year. and a lot of the filming for those of us from los angeles, we know a lot of the filming happens around there. up in the hills. we heard about malibu,

burning, beverly. busy so there's some concern about the film industry slowly starting to move out out of l. a. so the impacts are horrendous and they need to be addressed. and the, the good thing is that in terms of extreme, whether that gets worse and worse and makes these fires and all sorts of floods worse and worse, we can address that in a cost effective way that actually profits. it's a staggering cost. who's going to pick up the bill? right, well the insurance companies are backing out and that's even turning into this public private partnership, which we see also with flags flood insurance. this is not just impacting california around fires or florida around hurricanes, but europe, england, or germany has, uh, insurance companies complaining about floods and flooding and losing billions. so the federal government, but it's, it's in a way, it's the same kind of public pregnant, private partnership that we see with the nuclear industry of these, these extreme catastrophe. these so when times are good,

when everything works well, there's profit there for the insurance companies or the nuclear industry. when times go bad, there's buyers bloods or the nuclear industry, if there's a meltdown or dealing with thousands of years, have nuclear waste gets the public that pays. so this is something that needs to be addressed in the public need to really take a hard look at this and see if the politicians that are left thing to make these kind of decisions they want to keep selecting them and, and have these losses paper the public person do do think that that this, these files are, are a wakeup call or a lost and that the people that will be getting beginning to realize that they need to implement these kind of measures. even as politicians don't realize that yeah, slowly, slowly and luckily for us. but that are concerned about climate disruption, clean energy and you know, lives are lost to in, in the usa and richard countries were a bit more able to adapt. although i think it's 25 lives lost in, in los angeles, which is a tragedy. but when these extreme weather events happen, for example, in africa, they create a droughts where it's reported hundreds of thousands or millions are starving to

death because of this climate disruption. so people are taking people are getting weight and especially one thing that's due is the economics. we see the solar panels getting cheaper and cheaper electric cars. now, in the last couple of years, or at the point where over the life span, they're cheaper, we're seeing china, especially china, is leading the way in producing now really super cheap solar panels, electric cars, and in china, they're switching faster than anyone expected. and this is having ramifications on the global oil market. so trump says drill baby drill. he's going to be pivoting to uh, oil and gas. but the oil industry themselves says that they do not predict in coming years, rapid gasoline or oil need, because they're looking at china, where there's a mass of roll out of electric cars and the oil companies themselves in america, they're predicting that there is no need for

a massively increasing oil supply in coming years, and they don't see a, an environment where it makes sense to invest. so trump himself is going to have to be facing the reality of the clean energy revolution that's just coming. what about the insurance companies? an individual homeowners and small business owners who have lost everything that we heard in the, in michael's report that there are thousands of people who have no insurance until because it just simply become too expensive. all they couldn't get covered because insurance companies were not willing to take the risk, what needs to change. so the people who, whose lives so that they live to, can continue to, to, to live that i know that, that covert against future climate related events. sadly, i would say, and i'm sure the in this here and this entrance executive saying the same thing in the insurance industry in america in many ways broken. luckily in california they have that kind of backup plan, which is in a way like obama care for people that aren't able to, to afford insurance are or i have market value rates so that the powers of the poor

can get some insurance. as we know lots and has already has a homeless problem. this fire makes more people homeless and it's not just those that have lost $2000000.00 houses in in malibu, who have to search a place. maybe they can afford a hotel or go stay with the friends, but also the people that are often migraines, they might be cleaning pools of these, which are folks or doing the gardening. now those folks are also out in a job and those folks and maybe one weeks paycheck away from real homelessness. jason, and really fascinating to talk to your manufacture date something, or if, if something comes with the cost. thank you very much. i appreciate it a nearly $7000.00 people cross the english channel on small boats and 2024 migrants mainly from north africa, the middle east and elsewhere in europe pay thousands of dollars to traffic cuz to try to cross one of the was busiest shipping routes furthest permit us, the cas dollar is under pressure the crack down on the flow of migrants attempting

to make the dangerous and illegal journey to the u. k. 5 from says northern coast. salma says, but if you're going to a special game that's driven by money, you need to follow the money or the plans to do that by introducing a new sanctions regime on smuggling networks, onto the plans that i'm just last week. the government could freeze the assets of both suspected of people smuggling and implement travel bonds against the the proposed measures with main u. k. based individuals and financial institutions would be bought by law from dealing with those sanctions. critics say though the measures are not enough to stop the small boat crossings stop it has a bullish the controversial when the scheme established by the previous conservative government, which planned to deport migrants arriving in the u. k. illegally. to rewind be, the walsh is a senior research at the migration observatory at the university of oxford lecture and migration studies. he joins us now from oxford fatality with this pizza. so how big of a problem is the issue of people smuggling in the u. k. and what impact the migrants

have on the british economy? um, it is a big problem. it certainly attracts an out sized proportion of attention, mostly negative attention. you mentioned that last the, some 36000 people arrived in small boats without to rise ation across the english channel. now, almost one of those, if no one of them so far as we are, why have the gen is facilitated by smugglers these days? it's just not possible to make that journey without the assistance of these people smuggling networks now with to the sites on the economy. if we're thinking about a notarized migrant some, by the way, most of these migrants, once they arrive in the u. k, they claim asylum according to u. k. lo, then not permitted to work until they've been in the country for at least 12 months . so that's of wasting for at least 12 months for

a decision on that or so. i them claim and waiting for that paid through no fault of that. right. and that's quite a lot share with people. but that's a fairly restrictive policy. in other countries like suite and australia kind of allow asylum seekers to look straight away germany, it's up to 3 months. so that's quite a tough policy. and we have seen in recent months and years pressure on the government from refugee charities most recently from the head of the migration advisory committee, that's the independent body that advises the government on this migration policy to actually release this bond. and the argument is that when these people arrive, if that destitute, the government is obligated to provide them with accommodation and asylum support payments. and the government is providing that support to a 110000 people at the moment. and that's run up a big bill of a full 1000000000 pounds last fiscal year. just the combination of the solid and

support payments of the argument runs. if you allow these individuals to what don't make a contribution to the ext jekka through the income types of they pay and they'll no longer be as reliant on governments accommodation and support. so how will the private assist proposals to implement the sanctions against people spotless? was given the people smugglers operate generally and a cash based in full network. how, how can the government target the assets? it's a great question and the government hasn't provided enough clarity on this. it did just yeah, and it's press release on this policy on sections of the importance of cooperation with the with other countries that goes absolutely critical. but i think the bigger question is, how are you going to regulate these kinds of payments which are offered by cash that often and all of us using the while a system. and for the time being we do not have

a clear answer to that question. nothing, siri, remember, this is part of an approach summarized by the 3 word phrase, smash the games and theory. if you invest more, as always, is and disrupting the activities of the smuggling games that more will be brought to justice. but that doesn't necessarily mean you will get less unauthorized migration across the channel. and that's because, okay, you could apprehend some of the people who are involved most directly on the ground and the smoking operations. but they can very quickly be replaced. that doesn't require a lot of investment training, the skills required or big financial investment to get a small boat smoking operation up and running. so you can prevent these individuals, but can you apprehend them at a faster rate than they can be replaced of that is a fundamental challenges faced by the previous government, labor government to probably learning about that. now, the other one of course, is that there's the lower level of individuals. but what's about the masterminds,

you know, see if that goes into smuggling networks. the challenge there is that they often operate in countries far beyond most of the, the u. k. is jurisdiction. but beyond that of europe, in countries like afghanistan and syria, iraq around. so for the smoke of sanctions where he needs to have a real tangible impact on disrupting smuggling activity, you need close cooperation with those countries raises another big question about how this is actually going to work in practice data. it's been great to talk to you on counts with the cost manufacturing data being with us. thank you very much. you need or i'm that's the show. so this week, if you'd like to comments on anything that you've seen, you can get me at a, sitting an on x, y to remember to use dash 8 c t c. when you do or you can drop us a line counting the costs out of 0 dot net is our e mail address. there's plenty of of you online. i'll just do a dot com slash c t c. that takes you straight to the page and then you'll find

individual reports, links, even a top additions for you to catch up on that. is it for this edition accounts with the cost i made for you instead of going for the team here and go? ha, thanks to be with us. the news on al jazeera dispatched injustice for me is the driving force of why i do this to show people what it's like to live in places where injustice isn't something you read in. the news is something that happens to every single day. whether it's a war, a natural disaster, whether it's political corruption, making sure they understand. and this simple language is absolutely crucial. the cities already 50 percent evacuated, most of those people actually left in the early days of the world. i couldn't do this job without the best camera manifest, produces the best fixes, and those are the people the i rely on in order to be able to get that message out

to the world. a unique here in danger. biodiversity lies in the heart of one of the windows, tropical jungles. there was a little missing information about the animals that we have here. i know the probably are just becoming others of conservation in their communities out. is there a chinese deep into the rain forest to follow a scientist on to teams efforts to save the fluoride and for now so precious and the region. women make science equity to is hidden treasure on al jazeera or the rock. a nation riddled with land mines and an expert dedicated to defusing them, one by one. equipped with only a knife and the pair was why it's like the faces that every day for dust is worth making a hero or a talk. with the minor on the jersey to

unprompted and uninterrupted discussions from a london broad cost center on elgin 0. the reprieve to the building insights a see saw in gauze that will come into effect of less than 24 hours at $630.00 gmc, on sunday. the not so um and what are you interested or like a headquarters here in the hall also coming up as well intensifies its attacks on guns were had all done seaside killing at least 122 palestinians. since the

agreement was announced on wednesday. people are killed and a russian strike can be crazy of the capital, the city of jumper reach, it is also undefined and soft gray is a peach present the insecure.