this year, companies will have 3 years to adapt as domini, cain reports from wolf's, for it gets a lot of a broader effort to help the travel industry for years. europe's also industry is being trying hard to sell these electric cars designed to help achieve climate neutrality and to comply with emissions rules from brussels rules, which the manufacturer say could home the chances of competing with the overseas rifles. now the e u has acted instead of the annual compliance companies will get 3 years. this is the principle of banking and borrowing. the targets stay the same. they have to fulfill the toyota targets, but it means more breathing space for industry. that means also more clarity, but will not be enough for germany's comic is bmw. it said is benz and fox fucking of oil issue profit warnings in recent times. but none of the stuff with more than

v w. it says it's producing too many calls that it comp, then sell, and many of its electric vehicles on not popular. which is why this week it is launched this the id, every one an old electric offering. the intents to sell primarily in europe a political vehicle launch this week was the use new automotive action plan to help ease the transition to clean mobility, enter it. hans competitiveness comic is of welcome did, but said more could be done eventually in hold up the election. we're going to take it when it comes to ramping up electro mobility. it is not just up to the car industry to make it happen. there are also other players who have to do their part, and if the power grids aren't expanded, if charging points aren't built, then people won't buy electric cars. so others have to take the lead here too. and that's an important point that the commission has now recognized the environmental campaign is in berlin. see the planet differently? we think this extra plan is not an action plan,

but it's step back and it ignores the obviously high emission that this sector has to take that actually faces when it comes to transformation to step out from fossil fuels, etc. and the exit plan does not give any answer on that. europe's auto industry is already facing sluggish sales and the worried workforce. with the threat of terrorist, some of the trump administration looming on a cane, al jazeera vaults book. that is it from me 45. tom mccrae will have another i'll just hear news for you in about 15 days from now. right after upfront . thank you for watching to see what is the of the

as donald trump and he learned must continue to slash public spending. what impact with his have when the every day citizens of the united states, and how will trumps terrace impact the countries global standing this week on upfront? i asked those questions to economist richard will the which will, thanks so much, you're going to be an upfront my pleasure. so the jumping ministration is set to cut 2 trillion dollars in federal spending. slashing funding for disaster relief, humanitarian aid. the centers for disease control, i mean just to name

a few things. what do you make of this? well, on the one hand, this is the traditional republican pitch. remember from at least a century, the republican party presents itself in this country as the party against taxes, the party for small government. all of that. what you see in mr. trump is the same old republican story, but carried much further. it's a little bit like the republican party always allowed the southern white population to leave the democratic party and come over, but they didn't pay under to white supremacy. mr. trump, that you know, the hostilities are foreigners that you could get from the republican party, is taking further drunk, defined himself as difference. i'm going to give you more than any republican ever

did. and you've got to let me do more than you might. and that's it. and so people say that in different ways, but that's, did you look the democratic party isn't that different? it also supports private enterprise and capitalism, but it makes the alliance based on a different group of people, women edgy, highly educated people practice around people. yeah. i think we all, we all kinda know if you pay much attention. the democrats say the big shots support us because we will bring in and they will like nancy pelosi and that same is moment during the campaigns. a few years ago when she's at a college and a young student stands up and says, what are, what do you think about socialism? obviously affected by brand e and all of that. and she does it. you can see the cameras right on her. so she doesn't know quite what to say, and she's fumbling would she?

she's pretty well spoken. so this was unusual. and finally it comes to how she looks kind of befuddled and looks why that the young man and says, we're all capital as wow. wow. and that's and that's, she's right, that's success. we're well, all of them, those folks and their job is to build the alliance. it gets you the boats. and when you sit and when you don't do it well enough, then the other one trump comes along, breaks all of this by saying, i'm going way further in building that alliance. and i'm going to get enough people that i'm going to blow the rest of you out of the water. what's the, what's the going further? thanks. good. you're not wrong. at least based on what we've seen so far. the republicans in congress want to extend from existing tax codes, which are set to expire at the end of the year, but a pass it will cost an estimated $4.00 trillion dollars. yes. but it does for fortunately, we'll reduce taxes for the wealthy. now the further part seems to be that in order

to pay for it, or they're considering slashing medicaid getting parts of the affordable care act, i mean, they're going further and deeper than we've seen in a recent years. but how does that jive with the populist promises he made it again? he's telling lots of people your lives bad now it'll get better under me. but a baby was health care and high quality medical services. housing life better. it isn't. i mr. mr. trump, this is what he sells it to the people in the, in the has to that's the employer class. look in in 2017. when mr. trump was president and got them this tax cut. it was then the biggest tax cut we've seen, emphasizing the corporations and the rich. it came at the end of a 40 year period on the equals in american history for re distributing wealth and income up away from the poor away from the middle to the musk send the bees osis

and all of them. yeah. as an economist, i can tell you, never did. we need a tax cut for corporations in the rich less than 2017 when they got it. now they want to keep it because they're the sunset provision. now they want to keep it in this year. if he's gonna do that, the only way he can deliver to that or to use his language, i'm going to make you will rich. exactly. the only way he can do that now is to savage, the public sector. where else is he going to get the money? and then when the public realize it's just too late, or how does it have to be reconciled? it? mr. trump will be with us when they think about that. fair enough, you mentioned eli unless he has not just been a public cheerleader for donald trump. he's been brought into the fold very concrete ways. uh kinda to help dismantle the federal government. they've got it entire departments, including the agency, us a i. d,

as well as the department of veterans affairs. they terminated thousands of contracts, and they're set to lay off tens of thousands of workers. and what might be effectively the biggest job cutting us history. mm hm. and i don't know they're setting sites on the u. s. department of education, but again, think like an employer for a minute, even if it doesn't come to you naturally, if it doesn't come to mean that for lead, for an employer. this is near vonda because he's not gonna have to tax that look, he has to deliver that to the house. you cannot do it. he could borrow the money. that's what his predecessors did. but we are now a little level of debt. is country as whenever she and it's becoming a scary problem, because if the rest of the world no longer lives to the united states government, the coverage deference, it's, what are we going to do? let's remember that for many, many people you get paid less if you work for the government and if you go in the

private sector and the compensation for that was job security. what mr. trump, mr. musk are doing more than what the word is or that they fire is they've taken that security away. where do you think public employees are gonna go? if either they've lost their job, which is happening to tens of thousands, or they're scared silly that they might lose their job. they're going to go into the private check world. so they go to go. which means they're going to drive down wages and working conditions in the private sector. because the worker who comes from the private sector laid off after 510 years, that means not only your job is gone, your income is gone. but your career ladder has just been yanked out from under you . so you're desperate. your worried you will offer yourself one way or another for less money than the person who's getting who's in that private sector job now. but

let me, let me, let me reach over here and put on my read mega head for 2nd. i'm going to represent the position of truck potentially good. so yeah, we're cutting taxes for the richest among us. yes, we're giving more and more benefits to corporations. but that will create jobs that will allow us to take risks that will allow us to spark innovation that will allow us to create the next big market that will allow for, you know, what for everybody. if we build a new internet, if we build a new auto industry, if we build a new thing, everybody gets a job. everybody wins more money is on the table. this was a reasonable argument. i don't think it was ever true. i'm a professor of economics. i spell it all my life. what you're saying is a nice way, better way than they usually do for what used to be called trickle down economics. you help the folks at the top, you boost the profit, you give them a tax cut and it will trickle down to

a good job for me and all that was going to be more nice now than i ought to be. there was a grain of truth to that, but it isn't any more. and that's perhaps the most important thing that i can tell you the and i'll say it as bluntly as i know how the american empire is over. we're done. we picked about 1215 years ago and we are on the down. and it's very hard for the american people, which i understand i am on. it's hard to get your head around that. we've had a century of on the way up, which is a lot more fun than on the way down. but it does happen that every empire, we're only the latest look at the additional how far they fall with we were in the process. so the problem with the trickle down is, yeah, there might be more jobs, but they going to be created in china. the going to be created in brazil. they're

going to be created in india. they're not created here. how do you compare at this moment of slashing particularly the federal government to say that 90 some bill clinton did something somewhat similar, but are the, is this just the partisan disagreement or the substance of dollars? again, and i know this is difficult for people to hear. this is a cut based on desperation. this is an economy that is indeed we have the greatest level of corporate debt. this company is ever seen of the choice, the greatest level of personal debt. and we have the greatest level of government that our government, that is now trillions of dollars greater than our annual output. that was not the case in the 20th showing to it is the case. now, what you're seeing is desperation politics. the whole trump phenomena on to say you wait a minute, these jerky moves that are out of whack. but in recent days we have seen the decision of the trump administration to kiss the war in ukraine. good bye. we're

not doing that no more. because we can't afford it, we can't keep funding a war, which by the way that west is losing, as anybody who pays attention knows all these things are signs of what of a country that is in trouble. and these are turning on each friends because they can to save itself. look, let me give you a simple example. the best electric vehicles in the world right now, but by uniform global agreement, are produced by something called the b y d corporation, which probably most folks and never heard of, which is chinese. b, y de leon. mitchell's b y d. they make the best quality, cheapest electric car and truck, so you don't see the money with them united states. why not? because mr. trump put a 27 percent tariff on them, and mr. biden raised it to

a 100 percent. so let me give you an example. if you wanted to buy a $30000.00 b y d electric vehicle, which you could do, that's what they charge. twice so good. you would have to pay $30000.00 to get the chinese to ship it here. then you'd have to give a mazda 30100 percent tariff to uncle sam on this case. uncle, gone in the way of a tower, so would cost you $60000.00, which you're not going to do because you can get a less good tesla, or gm, or ford, or anybody else at 40 to 50000, which is less than you'd have to pay but here's the problem, isn't it? because right now this sounds like a good plan to a lot of people. trouble is that i wouldn't do this, not just the china. you know, i'm the, everybody's going to double exist in jazz china, everybody but mexico, canada, everybody. if we intensify the tariffs, the scenario you just painted will happen and people will be forced to buy us stuff, right? what's then it creates us jobs, which again,

stimulates the economy. let me be the economists. okay, that's good for, for the tesla company, which i'm sure is purely good. take off the gm and ford and the others good. and they'll maybe be able to hold on to some jobs. good. but now let's follow the bouncing ball. that's my job is in the comments everywhere else in the world. every company in, in asia, africa, latin america that competes with an american company that has to buy a truck. this part of its business will go to china and buy the best truck at the lowest price, $30000.00 the best truck. no american company that competes with them will do that . if you go to europe right now, and you go on the auto roots all over europe, you'll see b, y, d cars and trucks. america is shooting itself in the. it may be great politics for mr. trump. i'm hoping the oil companies and the workers you'll go to michigan,

that will give us. yeah. but what you're doing is diminishing the capability of the united states to hold on at a time when it's footprint in the world is shrinking. if you take the united states together with the other g 7 countries that used to be the dominant block of the world. but united states like just a numerate themselves by no kind of the japan, germany, france, italy, and brit. okay. the g 7, or i'm going to add up all the, the g, d, p gross domestic pro, total output of goods and services of all of those 7 countries. us and it's major allies. and now i'm going to compare it to the growth ended up g d piece of china. and it's allies know now is the brakes. okay, you end up united states about 28 percent of world output. you add up china in the breaks. it's 35 percent of the world output. we aren't the wealthiest block in the

world, number 2, a, and that's new. and that changes every se, every country and asia, africa, latin america, trying to figure out who to go to borrow money from, who to go to, to deal with who to go to sell your exports. where to go to, to invest in your railroad, you know, where they used to go. washington london, powers, of course, now they go there, but they go to india and brazil, and that's why they go to south. i will move deli beijing and they asked, can you give us a better deal? and here's the news. i got to give you the get the better deals, and they go that way. and that's not gonna stop. and you can rattle your sabres all over the you put the 7 sleep in the south. china sea is going to change that. you've got to come to terms with that. but we are led by people who don't want to do that because nobody wants to be the politician who has to explain to the people

it's over. and we now have to figure out which we should do and we couldn't do it. we have still lots of resources to manage coming to terms with the change situation and, and it kind of picking them again. so larry doesn't do that for him saying, hey, we may not do so we'll go to marketing anymore. but if these companies, us companies are sort of treated properly and the tariffs keep the other people out, we can just based on the few 100000000 people in this country be able to support our economy, create jobs in, in, in, in lives, dudley. i doubt it possible, but i doubted why, because it's never worked that way that we have. we have a global economy and more globalized that we ever were. we'd, we have wondering which now supply chain, almost every american kind of understand what's the supply chain, didn't use to think about things like that. because we were all here when they say supply chain. they kind to know that when you get up in the morning and you have

your breakfast, the coffee doesn't come from america and the sugar in it don't come from america. so if you put a lot of tire up your last day is going to cost you $30.00. oh, how are you going to manage this in a country already troubled with in the quality the price increases alone suggested by what he's doing, the dramatic actions they looked dramatic. i'm helping america. it looks wonder be as choreographed in the hollywood. but it doesn't work. do you think he it, it has a good faith belief that this will lead to the best outcomes for the american? oh, i think that would be given while i what i gather from what he says. i don't know how to say this politely. he doesn't understand the economics real well. the things he said are things which an undergraduate after baby 3 weeks wouldn't say. well, i'll give you an example tyrus. he keeps saying at least said it before. the tire

of, i'm going to get china with these top. tyra, so paid by americans to the american government. tyrus are a tax, they just have a, it's a tax on imports to which we have given historically a particular name terrace. but it's a tax and people who have to wonder the anti tax party got the republicans, or the big goal for something has changed. so he keeps thinking that he could hit other countries. what that are you with us with the arrow, we have to pay it. it means we will have to pay more for every thing you attach. a tire of to me. i'd like to turn the foreign policy for bit. donald trump has said that he wants to turn canada into the 51st state. he wants to take over the panama canal, a gaza in greenland. he's already been in the gulf of mexico,

the gulf of america. the you argue that this is the kind of 18th century crude colonialism. but why? at a moment like this, where the united states, from your perspective has a weekend to global position, where they take on such and vicious, extensively colonial activity as opposed to hunkering down domestically. well, if you're study colonialism, you discover that most of the time when a country began going overseas in snatching parts of the world, it was because of 2 things. one, it needed 2 and 2 it good. the united states needs it and the united states can it can take over europe. that's too expensive, too difficult to, to rich, and then too powerful. and they can control russia. dale learning that now bed

badly. and they can't control china. they've learned that now for 25 years, but what can they control? are taking control lexical control, canada, or least they can make a stab at it. when i look 5 bucks worth of food are you and i and everybody each comes from overseas and most of that from mexico and canada. energy comes, it's huge portion of our energy is canadian oil gas. and so. so these are basic things when the and we're strong enough, they depend on us way more than we depend on them. we have a much bigger economy then either of them. so we can, so it just might makes right just basically, and he's also a, we're is a good politician. he's aware that a lot of the things he's going to do, we're going to produce real tensions inside the united states between those parts of the community that are hurt and those that are not foreign adventures. i've

always had that wonderful quality that we can unite our country in opposition to in the feeling superior to, in benefiting from really or by imagination those other over there. let's talk about those others over there some more because throughout this conversation you've been talking about the brakes, nations a, how significant as a military matter is the bricks. economic alliance is the emerging power of china. how, how scared should we be? it's, it's, it's fundamentally very different. let me explain economically. the game is over the chinese, if not already of a wealthy or economic unit than we are, which they probably are, will be within a few years. very few like by the end of this decade, it's not, it's not already. so economically they are doubt our equal. but remember there are

equal, they're going up, we're going that way. cool. but the trajectory is unmistakable across the board. and so politically it's comes right after that you're that powerful economically. if you're the place that the whole world goes to, to cut a deal because you get a better deal that you can get from washington or london, which is now most of the time the case. that's why if you look at the biggest harbor being built in africa, it's being built by the chinese. if you look at the new railroads going across parts of light, the met is built by the charging him on and on. and you know, the panama canal, why is he want me to take it? well, the 2nd, the united states is the number one country using the panama, showing there's number 2, gentleman has built all these buildings to handle their ship. it. yeah, it's everywhere. and once you start looking, you see it everywhere. but militarily,

there's none of that merican to have to understand. even if you don't agree with me trying to understand how the rest of the world looks in. the united states maintains $750.00 military bases around the world. the china doesn't have any. the united states is a global military presence, the likes of which is not existing anywhere. we are alone in that. how, how, how long was that solitude going to last? if, as you're saying, the economic power is diminishing of the united states, that then transforms into diminished political power because again, this is already held by the of the nation. look at the votes in the u. n. you'll see the book diminish political power, right on display. so then it feels like the military's next might. how scared should we be? well, i think i put it this way. i think you're right across the roads. now. either you decide to stay with what you're doing, in which case your right,

they will even if it's a in their minds think it's defensive. who cares? they will develop a military capability because that will be their only safety, philip, forget whether you agree with them or not. it's not the issue, but there is an alternative. the alternative is you sit down and use a to your adversary. we both got to live on this planet. can we work out a deal where we give each other the wound to function to live? because if we threaten each other, what's the end game of this? we spend a fortune friday. if we ever slip and make a nuclear awards over anyway, so that's it, that is what, why don't we try to shift? why don't we try that to a better shot. so maybe the best move is to sit down with the up and comers and

work something out. we'll see richard wolf. thank you so much for joining upfront. my pleasure. thanks for having a program like this where these things can be talked about. the, in a sense of belonging, we always look for ways to be together. and the everyday heroes keeping communities together. this is transforming every day. in the 1st part of the new jersey with visits is stuff i lived in mexico city, where the vocals are turning a notorious municipality into an urban utopia. a sense of community on a jersey or continues and from the truth. the fact hanging the balance, he's going after the media in

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the yes. how are the worlds 2nd largest economy we have to recent trades, heart, suppose 5 of us. and what direction will it take to manage the worlds fastest aging population? special coverage of trying to send me to sessions on this. one out of the, the the hello until mccrae, this has been use our life and our hot coming off in the next 60 minutes. hundreds of civilians are killed in syria's northwest as government forces bethel sizes loyal to the assad regime. mos delegation is in egypt. the tulips on the see spawn with his ro is palestinians in kansas, struggle to find food fuel an essential supplies another wave of rushing it strikes on you cry.