it's in washington informed opinions centrally to european countries are directly affected by this whole ukrainian transit inside story. does germany have tomorrow or 14th request, anything from the new city leadership on out to 0? the other one, adrian said again, and this is challenging the cost on which is area. we can look at the world of business and economics. 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, and could they trigger a global trade for india is economy is losing steam off for a period of warning. each of them a gross, the government is giving tax relief to the middle classes,

some of the other measures to help revive the economy. but will a project work on the chinese a i trump pump deep seats, us from the world and world stuff markets could china be us? tech john? so the own game and where to start leaves the global race, artificial intelligence. so who blinked 1st, the 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 will. the could have impacted north america and beyond the trump support of say, his plan to leverage the american economy to force concessions from other nations. has noticed a wind on a different front. china has hit back against trump's 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. val, with his north american neighbors. he delayed tad of sun canada and mexico for a month. just as the 25 percent in full taxes would do to start on february, the 4th. it follows loss many deals with the leaders of the 2 countries they couldn't and the canadian prime minister justin 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. claudia shane boom also be to trump's demands. 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 the treat tensions with china have escalated even as the

leaders of the was too low to sick on. and these are expected to speak basing amounts additional patters, some, some american products. minutes after additional us, tablets 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 oppose 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 cash 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 already yielded results for the come by ministration on the consumption roof. obviously 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 hotter to sell abroad. 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 box. 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 to move good costs,

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, unavailable play. i mean, clearly kind of the mexico initial type of advantage to give trump enough for him to retract his tar so you could say that a trumpeting fast. but i think the trump is going to be coming back uh,

football. this is just the 1st of his many erratic 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 imposes terrace on, on canada and mexico. and the issue is, what is the additional terrace on china? it's not going to spock a trade full of what would that look 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 he 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, know,

well the trade deficit or manufacturing re growth in the us. and so what do you guys are doing these crazy and kind of chaos? i don't know. i'm also teacher was the u. s. i think the china, while it's prepared to back some degree, the can only pay from the on. so list 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 has always had over any 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 also about expedited reliable ally i'm talking to and you called it a much more reliable noise, the accountant. 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 fall to 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 afraid of donald trump. i want to get closer to the china. he

says the word tax is his favorite in, in the dictionary. could you also for see circumstances with trump uses the threat of char so, or actually imposes 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 he is threatened, for example, massive tyrus on denmark unless exceeded control of greenland and to do knighted states and bodies a threat. but if it is called the call it through, there is absolutely no way in which a demo of courage actually back down on something like that. and which case,

you're just not getting into these crazy scenarios where we'll actually trump freshman to go to go with the nights out. i don't know where i'm quitting uncharted territory and the only person that we started we were waiting for this is showing up because tied to seems like a reliable responsible pot opened for trade and threatening to it. some potential lars. hey, we are throwing 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. full all sorts of justified reasons is extremely costly. it's costly binding to the us. and so if you could always call it, the price is gross, 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 of 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 department as the vendor mode these government gave india's 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 2 road lockers will be

a major relief for millions of taxpayers. and then the government has exempted people earning up to nearly $14000.00 from thing to finance minister. and there 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 it slowest rate of growth in 4 years. due to we consumer demand, low rates of private investment and inflation. the government's efforts investment up new proposals, and demand and spending the finance ministers. the parent generosity is set to cost the government nearly

$12000000000.00 in revenue. in the past decade, prime minister and the random modi has spent funds on building public infrastructure that spurred india's growth. but now his government must balance pushing economic growth and keeping it spending and check the finance minister and 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. and these are starting to come back. it's slow. but hopefully if that trend continues, we may get to a better balance in terms of income distributions. increasing living costs has dented the popularity of prime minister and are in promoting want a historic search 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's 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 going 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 trunk but ministrations. various moves, so this was really an important time to emphasize domestic demand. but the last 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 infirmity 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, is to increase health spending an education spending on 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, give away 2 percent of gps tax gusts and 2019 continue to get lots of concessions. they've just given concessions to the middle class that doesn't help in don't solve 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 abroad. simply because of

uncertainty, i mean, forget about whether jumping bose is all the times, but he's threatening to impose the very crazy. nesbit has 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. money. 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, an artificial intelligence. the startup is believe to match the most advanced models from us funds 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 chats, 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 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 i 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 qu, potato california, right, great to 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 interesting battle on those fronts. but what china did with deep sea, basically showed that western a high is too expensive at the current current rate. and in order to get to a guy that can be democratized and used by everyone, we've got to drive down the cost,

or it is the room. those for to athletes in this race will one 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've 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 breakdown, 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. the layout 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 spook 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 many thanks. some 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. mila reports, with its picture, perfect scenery, good weather, and affordable cost of living for international visitors. because what is working in the cape town is attracting a growing community of remote work as well. digital know, matt's 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 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 moving a 1000000 workers here 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, this is, it's coming in to book up. we can see more and more people buying the properties up and hiding it out for sure to somebody. but they said negative and is a part of the negative? is 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 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 matt's ease, that is for people to and more than $40000.00 us dollars a year, such as are at the say, those people tend to look for accommodation 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, bike, 50 percent. that's compared to 8 percent and the commercial hub, john is book visitors like natalie 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. so we developed, i'll just say right, taped on south africa. and that's a show for this week. if you'd like to comment on anything that we've seen get in touch with us on the, a finnegan on x. try to remember to use the hash tag

h a c t c, or you can drop us a line cash and the costs out of 0 dot net is our e mail address, as always, but plenty more. few online hours is 0 dot com slash ctc. that takes you straight to homepage and they will 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 for instead of going from the team here. and so how, thanks for being with us for news on al jazeera is the to an app that sees the blinds. and the robotics um for the disabled junk australian engineer is inventing tools to help people gain independence

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and the celebrations and gaza and they all provide westbank, a 183 palestinian prisoners fried from his writing child's. gone to cease 5 grief and exchanged 3 is randy captives are reunited with their families after being released from cause the blowing down jordan, this is all just their allies and also coming up on the last 5 time nationals held captive in gaza for 15 months. otherwise and timelines, capital bank of political deadlock comes to an end and 11 on the new government is named with has been us sideline plus the.