a tomato was slow translation and international understanding is inviting nominations for its 11th edition, starting january the fast and ending march the 31st 2025. for more information. please visit the awards official website at w w w dot h t a dot q a the very instant again, this is counting the cost on al jazeera, your weekly looked at the business of the comics this week. he's told himself terrace mom donald trump, for 2nd ladies on imports from friends and foes among other measures. so how. busy of his economic policies affect americans and the rest of the world. california as

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 or the damage of britain plans? it's the sanctions, more targeting people smugglers, but how will the measures work? 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 assumes offices 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 the kind of the should become the 51st us states. many economists of all these policies, which also include aggressively cosmic taxes for some good reignite inflation and spock a global trade for, but we'll, they will discuss a lot with,

i guess shortly. but 1st, victoria gave the reports of 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 it would

increase inflation. dividing administration sharply increase terrace on imports from china last year in an attempt to protect american jobs. they coverage electric vehicles, batteries and semi conductors, and apply 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 we say will street is given from the honeymoon with stokes initially surging. but some worry about the economic impact of 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 economists war. and they could hit us export and invest as and drive out prices for ordinary americans. victoria gates and b l g 0. so counting the cost. so what are the terrace, but how do they work? well, there are checks on foreign goods brought into the nation as likely united states governments use them to protect the domestic industries. for example, a car import it into the us with a value of $50000.00. subject to a 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 high a price is caused by an increase in levies that could be mitigated. if they sell the products elsewhere, nations could also take returning

a 3 measures which could lead to a full blown trade will. is, stephen, how can is the ceo of a pack advise us and follow the deputy general counsel the us department of transportation. he joins us now from the single pool saving good to have you with us. so as we heard trump's favorite word of the dictionary is carrots. what can we expect of him? will he follow through? and it starts bearing in mind that you and i have talking a couple of days before the integration. yes, the show follow through. he believes in terrorist he used tariff last time president by and continue those tariffs, 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? 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 impacts 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, to 80, protects the us national security. and if, if, if the cost of protecting yours, national security is a little bit of inflation with hair. so the natural price for pay, how do you see the relationship with china developing over the course of the trump administration? well, i mean, i think with the starting point for, for the trump administration, and frankly for him of a bite and 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 states subsidies the china has been doing. it's 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 of that 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 that will increase the trade war that we have ongoing that. all right, so that, that's china dealt 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 a bit? 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 the same, i have a 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, and the 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 and i think 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 an america 1st 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 one's one's more than a national security strategy that he seems to have going with,

let's regard sick 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 blurry 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 is in a superior position because it has a larger economy, it has the stronger military. it has a bigger market. it's just got advantages for any one on one to go. she ation and what truck does is he uses he weaponized as the economy. the weaponized is terrace . 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. you the immigration piece 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 trumps more um its ex stream of desires. if you like. i mean, what is it? that is one of the only guard rails that seems to be left on donald trump's actions . what we're seeing so far is in the hearings, in, in, in the republican controlled congress in the house and the senate, they're going to do seemingly almost anything that donald trump says. so you're not going to 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 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 parents 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 if 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 data being with us. thank you. lodge swathes of land with the thousands of structures destroyed and the time neighborhoods, the ones home to multi $1000000.00 properties, reduced ashan rubble. the cost of the damage caused by the wild fires 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 of 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 f. l reports of a scene of devastation, whole neighborhoods, reduced to ash and rubble. thousands of people lost everything. their homes, they profit, t memories and the most tragic cases their loved ones of the fortune. it's what insured and will be compensated. but many one 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 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 it get to help that's guaranteed under that program will do whatever is necessary. we're going to also have to address the broader insurance prices 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 cos room 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 timers to step up to provide the 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 ex person head of communications that 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 an accurate signal 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 on the field in this feed there. and they generate revenue this 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 weather 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 floods, 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 floods or the new plan to see 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 there are electing to make these kind of decisions they want to keep electing them and, and have these losses paid with the public person do do think that, that this, these files are a wakeup call of last 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 wherever 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 is 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 home owners 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 didn't seem to become too expensive. well, 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 can continue to, to, to live that i know that the colored against future climate related events shall be . i would say, and i'm sure the in this here and this entrance executive saying the same thing, the insurance industry in america, in many ways, broken. luckily in california, they have a kind of backup plan, which is in a way like obama care for people that aren't able to, to afford insurance, are or have market value rates so that the ports of the poor can get some insurance

. as we've 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 friend, 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, tristan and really fascinating to talk to your manufacture date. so being aware of a song comes with the cost. thank you very much. i appreciate it are nearly $7000.00 people across 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 for this private as the case dollars under pressure the crack down on the flow of migrants attempting to make the dangerous and illegal journey to the u. k. 5 francis northern coast stomach

says, but if you're going to smash a 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 so 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 functions. 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. league late to rewind to 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 august with godaddy 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 produce 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 not one of them so far as we are, we 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 regard to effects on the economy, if we're thinking about on the rise migraines, and by the way, most of these migrants, once they arrive in the u. k, they claim asylum. so 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 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. 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 ex jekka through the income types of they pay and that'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 sanctions 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 con, the payments are dropping by cash that often anonymous 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 well phrase smash the games that in theory, if you invest more resources 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 on the rise migration across the channel. and that's because, okay, you can have brand, some of the people who are involved most directly on the ground and the smoking operations, but they can very quickly be replaced. it 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 kind of you up behind them at a faster rate than they can be replaced of that is a fundamental challenges faced by the previous government, labor government to properly learning about that. now, the other one of course, is that there's the low level of individuals. but what 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 u. k. is jurisdiction. but beyond that of europe and 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. peter, it's been great to talk to you on counseling the cost manufacturing day for being with us. thank you very much indeed. and that's our show. so this week, if you'd like to comments on anything that you've seen, you can get me at a fitting on x twice. we're going to use dash 8 c t c. when you do, or you can drop us a line counting the cost of all just 0 dot net is our e mail address. there's plenty more if you online, i'll just do a dot com slash ctc. that takes you straight to a page that you'll find individual reports links. even a top edition is for you to catch up on the back. is it so this edition of counting

the cost i made for you instead of going for the team here and go have thanksgiving with us? the news on al jazeera dispatched examine exam to the city for tomorrow's discussions, international filmmakers and will cross journalist bring program and inspire you. barnowski sierra the

. there's no limit to how a dream contains sta in your own adventure, no counter. everything's shake model was for translation, and international understanding is inviting nominations for its 11th edition, starting january, the fast and ending march the 31st 2025 for more information. please visit the awards official website at w w. w dot h t a dot q a once the capital of the committee or empire, the serene, ancient city of uncle and president, they cambodia is a protected your next school world heritage sites. but as it's temples of lakes and irrigation canals are being preserved,

many of its inhabitants are being relocated. people in power investigates the alleged force evictions of thousands of families, the bathroom for the soul of anchored body parts and one on the jersey the. the, this monumental undertaking is a resounding declaration of confidence in america's potential. the problem problem says, tens of thousands of new tech jobs and hundreds of billions of dollars to be invested in a i infrastructure the on the clock. this is out 0 life go. how also coming up? is there any forces loan trades in the occupied westbank killing tend to stays off to the goal is is to spot so now palestinians pick through the rubble of that homes

is desperately need is humanitarian aid rose into costs and the fired of popular ski resort in tech.