the impact of war is so much more than just emissions from tanks, ships and will fight motormouth. it has a devastating effect on people and the department of defense is emissions is as large as many countries. every time ministry spent and increases military emissions increased. and this war and this find this christ, all hail the planet on a jersey to the other. why major? instead of going to this is counting the cost on which is the area we can look at the world of business. i think it all makes this reach donald trump's terrace against mexico and canada on hold for now. but the us trade dispute, the china rumbles on. so what's behind trump tower?

stretched a could they trigger a global trade for india is economy is losing steam off for a period of roaring economic growth. the government is giving tax relief to the middle classes, some of the measures to help revive the economy, but will a project work. and the chinese, a i trump on deep seats has from the world and world stuff markets could china be us tech jobs? so the own game and where to start leaves the global race, artificial intelligence. so who blinked 1st to us or canada and mexico president donald trump has delayed imposing terrace on his close this trading allies. by a month off, the guarantees were given on board a security of fentanyl trafficking, canada, and mexico may have delayed a trade war. the could have impacted north america and beyond. the trump supports of say, his plan to leverage the american economy to force concessions from other nations. has noticed when on a different fund, china has hit back against trump,

additional towers on chinese products with its own measures due to take effect on february 10th. that could give some time for the wells to largest economies to step back from an escalating trade dispute. as over cos, i'm sharif reports, us preston. donald trump is claiming an early victory in an emerging trade vote with his not the american neighbors. he delayed tad of sun canada and mexico for a month. just as the 25 percent simple taxes would do to start on february, the 4th. it follows law. some of the deals with the leaders of the 2 countries they couldn't. and canadian prime, this suggested to agree to monitor his shed, vote over the us to come down on migration and the flow of the drug, fenton of mexican preston. sonya shane boom. also we took some 2 months. they've agreed to put in 10000 soldiers permanently. like forever,

10000 soldiers at their side of the border and stuff fentanyl and illegal aliens from coming into our country. they have a big incentive to do, but treat tensions with china. have escalated, even as the leaders of the was too low. just economies are expected to speak. beijing announced additional patters, some, some american products. minutes after additional us status of 10 percent on chinese and boats came into effect. they include colon, gas, crudo, and agriculture and machinery. and some ultimately be the china has also taken its 5 to the world trade organization with the lawsuit against that stripe. and we ask them the opposed to this a warranted injuries. and the we do believe that this is in violation of the big deal rules. so that's why time the is filing a complaint. and let me also emphasize that there is no when, you know, tried to off from says the tightest set to pressure china into quoting the flow of

innocent drugs into the country. trade experts say the move is expected to have a significant impact on certain sectors within the chinese economy. there is going to be a 1st time taxed on people who ship goods under $800.00 per shipment. and that's, that's called the minimum is. so if you are seeing if your team or if you're others who rely on on small package delivery, that is under a certain amount you're getting hit with 1st time chairs, not 10 percent, could even be up to 55 percent. the us is the largest goods in fulton, the world in 2022. the value of important goods in the country, touched $3200000.00. but trump is promising to promote homegrown manufacturers and protect domestic industries by imposing titus. detective taxes, unimportant goods,

rapids stopped markets and send shock waves to the global economy. but it's all ready yielded results for the come by ministration on the consumption, ease of to see the counting, the cost. so why is trump in favor of congress, and what would be that cost if and once they come into effect, we'll simply put import tariffs of taxes placed on goods imported from other countries. and it's american companies, but pay the terrace to the us treasury, a portion of that cost could be passed on to american consumers in the form of high prices. but tariffs can hook farm nations by making that products pricey and honda to sell a broad trump size, what types could help the boost american manufacturing it in what he describes as unfair trade practices. he's also said that they were intended to stop the flow, undocumented immigrants, and illegal drugs into the united states past. trump has also made it clear he would impose tariffs to get other governments to give him what he wants. many

economists say that the measures will increase inflation in the us. for example, the average american car price could increase by around $3000.00. the move could cost the average american household up to $1200.00 in annual purchasing power up. they're also phase, the tenants could throw canada and mexico into recession, with some experts say the trump's sweeping tariff threatened to fracture the global trading system of the world economic order. but that could end up and page things. fav. felipe, the ground is a political economist and cindy, a visiting fellow at the london school of economics, european institution, he joins us now from london. good to see you, philip. so who blinked 1st. canada and mexico or the us was the threat. genuine was the whole thing, po, 5th, that's a good question and i think we've obviously the 1st act of what's going to be alone and eventually play. i mean, clearly kind of the mexico initial type of advantage to give trump enough for him

to retract his tar so you can say that a trumpeting fast, but i think the trump is going to be coming back uh, football. this is just um, the 1st of his menu erotic acts that we're going to see over the next 4 years. interesting that you say a rustic if trump does indeed go ahead and eventually impose this tax on canada and mexico. and the issue is, what is the additional terrace on china? is that gonna spark a trade full of what would that looked like? yes, i think, i mean we all kinds of have a global tribal. i think that a trunk is itching a 4 or 5 and i think but his strategy in so far as the has one seems to be. but you saw for not a small countries as a means of threatening the bigger prize, which is china and for less extend the european union. and actually, i think that's trustworthy. i slowed 1st of all because he flip flops so much. he

has so many different objectives that he's trying to see whether it's, you know, border control offense now, well, the trade deficit or um, manufacturing re growth in the us. and so what do you guys are doing these crazy and kind of a chaos. i don't know, i know most the teacher was the us. i think the china, while it's prepared to back some degree, be can only pay from the on. so 1st a, trump is doubtless about 2 or least actually from a global perspective, from a long term perspective. we'll be thinking, well, you know, you would, if we are in a global competition with the us for economic governance. and uh, actually you're pushing not just neutral countries, but even how eyes into our hands. and you'll see the canadians, for example, who spend most of that little of, most of that trying to the us now exploring other options like exporting move to

china in case a truck comes back with some more crazy terrace. so what you're saying is you could see you could force the circumstances in which china managed to come out on top in any, in any trade war in the truck might have shot himself on the us in the force by doing this. i think so. yeah, i think the biggest boxes, united states is always high. i needed to the cheapest arrivals. it's not, i mean, it's rich and powerful and therefore the people want to get close to it. but it also got expedited reliable ally i'm talking to and you called it a much more reliable on, on the account. and yet, even though it's not enough to protect them from, you know, ridiculous insult. i'm claiming that the united states might even occupy the canada and they take the 51st, the unleashing police, the threats all massive terrorist which would do huge economic from actually the

canadian economy. that's exciting jobs. so, you know, with friends like donald trump. um, you know, you might say, well, i don't want to be a friend of donald trump. i would say that because you have a china, he says the word congress is his favorite in, in the dictionary. could you also for c circumstances with, from use as the threat of parcel or actually impose this them to browbeat? as you say, not, not just his adversaries, but his allies to, into doing what he wants to just take a moment to me, but politically, to show that's one of the ways in which he is particularly erotic contagious. so you saw that successfully. he threatened the columbia with massive tire so that it continues taking play loads of unwanted migrants from the us. and in that case, the threat of succeeding in other cases, his residence was awful. massive tyrus on denmark unless succeeded control of greenland and to do knighted states about these a threat,

but it is called economy through. there is absolutely no way in which a demo of courage actually back down on something like that. and in which case, you're just not getting into these crazy scenarios where would actually trust them to go to war with a nice how i don't know where i'm quitting uncharted territory. and the only person that with, instead of waiting for this is china because tied to seems like a reliable responsible pot open for trade unthreatening to it, some protection laws. hey, we all flooring our hands up in horror a. this would terrorists and it's possible implications just to play devil's advocate for a moment, although it's actually a bad thing if used responsibly. but there are some limited economic cases and which tire can be justified by imposing a very large um, southern terrorist who all sorts of justified reasons is extremely

costly. it's costly by the us. and so if you could always call it depresses growth, it pushes off inflation because it pushes up inflation, it pushes up interest rates, and all of that is bad for the global economy. to leave, it's always good to talk to you on counting the cost manufacturing day for being with us again. great, i can, is not india was tested in recent years as the fastest growing major economy pump. the nation is set for its slowest economic expansion in 4 years. the spot economic growth present as the remote these government gave india is middle class, significant tax breaks and its annual budget. the plan also includes measures to boost agriculture and manufacturing bus critics. a little direct support has been given to the millions of indians without work. so will a bunch of help revise the economy. we'll discuss that with,

i guess shortly. but 1st emerald elecom reports, they will be no income tax payable up to income of 12 lack of will be a major relief for millions of taxpayers and in the government has exempted people earning up to nearly 14 $1000.00 from paying cash. finance minister, near melissa thurman also changed other tax rates which could boost the spending power of the middle class. she also made ownership of a 2nd home, easier in slash duties on cancer drugs and various consumer goods. it comes as the world's 5th largest economy is expected to record its lowest rate of growth in 4 years. due to we consumer demand, low rates of private investment and inflation. the government's efforts investment also sentiment and spending

loss. the finance ministers, the parent generosity, is set to cost the government nearly $12000000000.00 in revenue. in the past decade, prime minister and a random body has spent funds on building public infrastructure that spurred india's cro. but now his government must balance pushing economic growth and keeping it spending and check. the finance ministry wants to reduce the fiscal deficit to 4.8 percent this year. some economists are praising the budget for allocating funds to small businesses. we now have the 1st glimmer of hope that we're starting to get the m s. m e 's are starting to come back. it's slow, but hopefully if that trend continues, we may get to better balance in terms of income distributions. increasing living

costs has dent in the popularity of prime minister and are in promoting want a historic 3rd term last year, but with a slim majority. per capita income is around $2700.00 for india's population. this is 1400000000 about one 3rd of it accounts for the middle class. we're unemployment has been a major concern. the finance ministers being criticized for not addressing the issue. so if you have a salary maybe being less tax, but the important question is, what happens if you don't have a southern region? where is the income going to come from for you to benefit from income tax for these you actually need jobs. unemployment was not mentioned by the finance minister in the speech. according to the center for monitoring the indian economy. youth unemployment was that 7.5 percent in january. it underscores the challenge of delivering jobs in the world, the most populous democracy, ronald han, how does 0 for counting the cost j, as he goes, is an economist and professor of economics at the university of massachusetts. she

joins us now from new delhi jobs. and godaddy with us again, how's the government done enough with this budget to get the economy growing again, or at least to get it growing as robustly as it was? you know, i see or not. and you see this is a particular problem because as we all know, the globally going to me is in a very peculiar situation with a lot of uncertainty and with exports threatened for practically every developing country. for many, many reasons, not least, the trouble but ministrations various moves. so this was really an important time to emphasize domestic demand. but the math one is to try to do that essentially by providing a big tax cut to the middle classes. but remember these middle classes in india accounts for about 3 to 4 percent of the population. dec spans the ones to be income tax is that only 5 percent of our population. so really just trying to give a tax cut to those people. the salaried people is not going to do much for domestic

demand. so it's not a political move. what about the unemployed in india? and then they pulled up what was 8 percent the rates in, in september last year. what's the government doing about baths? well, unfortunately nothing, and it's not just the unemployment rate is high, it is that there are so many people who are not in the labor force because they actually know that i'm gonna jump out there. so they try, they don't even look for work and that has to be a problem. so the government claimed that they do had a big success and increasingly means employment. it turns out that most of that increase is on the type of in family enterprises. and that's not employment, they're not getting paid for that. so it's really a very, very bad situation of employment for you, for women in particular, but for young people. and there is a sense of despair and hopelessness, but can spin into very many problematic social political outcomes. all right, so as an economist, what do you think the government should have done with this budget?

i really think it's very obvious and we've been saying this will sometimes the government dramatically needs to increase public spending on basic social services, which i'm very united quickly provided to me and they provide employment to improve people's quality of life. we have the one of the was lowest in terms of public health spending, but at the end of the share of gdp, only one percent of need to be spent on public goes by both the central and state governments put together. now this tax got which is given, we owe this money if that's equivalent amount had been spent on, let's say the employment scheme which dramatically increases demand in rural areas and provides employment of cost relative beyond skilled employment. but it does provide, especially to the bottom half of the population. if we try to increase health spending an education spending, all of this would have generated more employment and more demand revived mass consumption demand, which has been collapsing in the country. and that in turn would have generated

more investment. as you said, there are factors affecting economies all over the world right now. what are the, the specific ones? so the ailing india is economy in particular when i think o problem really is that the government over the boston has decided that it could focus on somehow expanding external. would you mind, you know, relying on exposed to the group rather than potentially huge domestic market. and that fruit, because really private investment has not picked up. they've given huge different constructs concessions to the private sector. given we 2 percent of gps tax gusts in 2019 continued to give lots of concessions, but just given concessions to the middle class. that doesn't help in terms of the mass consumption demand, and that's why private investment has not picked up. so public investment have been trying to meet that gap, but even data flooded in the last year. and in fact,

it's not likely to pick up. that is in the context where we know that the world economy and exports is not going to be an engine of good. simply because of uncertainty. i mean, forget about whether jumping bose is all the times, but he's threatening to impose the very craziness because now come about in the global economic situation. means that less and less people are likely to invest in exploratory into production simply because we just don't know anymore. how exchange rates we move, how drives rates, we move, how supply chains or change chassis, it's always good to talk here many thanks and thanks for being with us on counting the cost. thank you. the president, donald trump, has quoted a wakeup call to us tech giant's industry experts described it as a eyes sputnik moment. the chinese checkbook launched by deep sea coast shaking markets, the tech industry. i am the prospect of american leadership and artificial intelligence

. the startup is believe to match the most advanced models from us firms and says it did so for a fraction of the cost, i would feel a specialized computer chips the leading companies rely on and by using software which is accessible to everyone. well, the app quickly just launched open allies trans g p t, as the most downloaded free up on apple's us app store deeply one spot, the largest single day loss in stock market history, wiping out one trillion dollars. the chinese firm says that it trained its models for $5600000.00. well, us based open i, i, it was reported to a spends around $100000000.00 to develop g p t for it also says it's models were built using and videos low performing h $800.00 chips developed specifically for the chinese market. the us has been in posing export controls on advanced chips to china since 2022. i think 6 progress on a i comes off the president, trump announced the launch of

a $500000000000.00. a initiative led by open a i article on japan's soft. frank gray wong is the c o and principal analyst of constellation research technology research and advisory firm. he joins us now from the house of silicon valley cool potato california. right. great. so have you with us? has china taken the lead in the race for domination in a i the china is fired. the 1st salvo, which is really about cost. i would say china is definitely one of the leaders in a i, when you look at the 3 components that you need for a, i knew lots of data, you need a lot of chips and you need a lot of energy at low cost. well, china has the energy, it's got the data, but it doesn't have the chips. and so that brings them to the us, which the us has the chips. it has the data, but it doesn't have the energy at low cost. so it's going to be an interesting battle on those fronts. but what china did with deep sea, basically showed that western a,

i is too expensive at the current current rate. and in order to get to a i that can be democratized and used by everyone. we've got to drive down the cost, or it is the room though, so for to athletes in this race will $1.00 continue to outpace the other? would always be the us versus china in terms of artificial intelligence. the short answer is it doesn't have to be, it could be a 3rd horse race that comes out. and that really depends on what different countries decide to do in terms of their ai policy. for example, you take care say they've done a great job right. of actually trying to bring a guy to the market, but they're gonna need a lot more demand. they're going to need a lot more data centers to be able to play in the game. so right now it is a very expensive proposition. unlike the internet is centralized, it's closed, there are few players and it's real expensive. but for a to break down, we're going to see other players. when we get to decentralize ation open systems,

more players won't be able to drive down the price like we did in the internet era . but for now, right now it is very expensive delay of that infrastructure. and that's phase one space choose going to come when we talk about software and software capabilities. and that's going to be different than where we are today talking about ships and data centers. so is this the beginning of the end for silicon valley is dominance in a i. is that what spooked markets so much? um, no, i think what speed markets was that we put millions of dollars towards going after artificial general intelligence instead of trying to solve smaller problems that are decentralized. and what we're going to see is a rush to fund the centralized a i a that's happening on your device is a that happening at the edge. and that's where that future is going to take us. really good to talk to you right manufacturing day for being with us. thanks a lot. take care. south africa's government has introduced a digital nomad visa for thousands of people,

allowing them extended stays in the country. cape town is quickly becoming a preferred destination for many of those remote workers. but while the program brings economic and torres and benefits some type tony and say they can no longer afford to live in the city. somebody, the middle of reports with its picture perfect scenery, good with the affordable cost of living for international visitors. because what is working in the cape town is attracting a growing community of remote workers or digital nomads. aside from a tourist visa, it's the government's implemented a new visa program that allows them to stay for up to 90 days. naturally, brooks is from the u. k and runs her own business in line. she's been working remotely from cape town for up to 6 months at a time. there's lots of money that's coming in for tourism, but also in lots of countries with as a high digital name and presence, the locals are getting very frustrated by the impact that it's having particularly on accommodation. so i think that it's about looking at it in

a holistic perspective and making sure that the government is putting in the right steps to manage the influx while move in a 1000000 work is your benefit from the tourism. so all those who say the growing demand for accommodation is making housing for locals more expensive. how many that jacobs is a 3rd generation and a family living in this home and woke up? she says the demand for housing and a prime location means higher property values, but with it comes on affordable rates and taxes. some people cannot afford to stay in the bulk of the houses and local civic association degrees. the cost of living and central air is like this has increased, and of course, the bases that's coming into both top. we can see more and more people buying the properties up and hiding it out for sure to somebody. but these are negative and these are positive and negative if it breaks up the community at the end. the other

thing is the type of thing. so by the end of last year, there were more than $23000.00 listings on short term lifting side a, b, and b. but a, b and b says it's research shows that short term rentals of knock reduce the availability of a longer term rentals in the city that to, to know magazines that is for people to and more than 40000 us dollars a yeah. such authority. say those people tend to look for combination in more up market areas like this on the atlantic seaboard rather than occupying homes and less affluent areas. it's hard to say the lack of affordable accommodation is due to a building backlog. let's do a property prices in cape rose like 50 percent. that's compared to 8 percent and the commercial hub, john is book with visitors like naturally say the has to be a balance, which is a 100 percent. well, the growing number of visitors to cape town helps boost the economy. the drawback for some is an affordable city, and we develop older 0,

taped on south africa. and that's our show for this week. if you'd like to comment on anything that we've seen get in touch with us on that, a finnegan on x try to remember to use the hash tag age 18 c, or you can drop us a line cash, and the cost of ours is 0 dot net is our e mail address, as always, best, plenty more, few online houses, 0 dot com slash ctc. that takes you straight to a page that you'll find. individual reports, links out into editions for you to catch up on some more insights. it's a global trade if you haven't already. why don't watch our previous episode is a new will economic order in motion. but that's it for this edition of counting the cost. i'm a free instead of going from the team here. and so how, thanks for being with us, the news on al jazeera is the in the shadow of shanghai as blooming metropolis. a crumbling theatre provides

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