fall fa ll after fall after us president trump makes good on his tariff threat and imposes m duties on imports from canada, mexico and china and india mum 555 2555555 4555 ~ , ~ $12 billion mum 555 2555555 1555 ~ , ~ $12 billion in tax delivers $12 billion in tax as the tries to cuts as the government tries to shore up the world's 5555 55 the 515555 economy. i'm steve lai. mexico and canada. tax of 10%. into force on tuesday. with canada saying it will impose retaliatory tariffs to household appliances and sporting goods.

meanwhile, china has said it will implement "corresponding "countermeasures", and plans to file a lawsuit like. the 25%, the impact to canada the 25%, the impact to canada mexico to a lesser and mexico and to a lesser extent china but i think the is going to be a —§e the sense mexico tit—£5552 i5 255 sense my“ ~ ~ ~ ~ looking at introducing 5: 5555551 5! 55555555— ,, tariffs on us goods the 77 the for 77 the for canadaf the for canadavso how think this moves to the first i think this moves to the first stage and then where does that trade—off really materialise by of month in other nations end of month in other nations joining the battle? so it will fascinating �*volatility 55 55555555 !5f 551555555 " ' the markets. 55 f555!55!!55f5!55!5!!5t§’ ' ’ the markets. , to the markets. canada says the will to the markets. canada says they will i back _ to the markets. canada says they will i back for - to the markets. canada says they will i back for lack - to the markets. canada says they will i back for lack forj 2596 tariffs. what do ou

of china's response? jthey to be more reserved. 1096. seem to be more reserved have to remember they have on a break for a week zsjazere'jeozezzwéjae13u been on a break for a week and they come back it be fascinatin how the 7 on this. wifether 7 on this. wifether they trade on this. whether they have counter will be or if over 35339777 7777 7 gasp-1; 7777 7 353393666677 7 (ma 5591-1; 96673757 the mark and say "if you are going to play we chan-e our in terms of footprint in terms of is." again, are cognterm5v5 is." again, w5 5r5 here, waiting, :;£ 77 but appre7ciating what digesting but—apprggiéting wha! going 7 digesting bgt—épprgfiiéting what going on. investors like clarity — companies, too. is there enough details as to who and what is affected still a bit — is not emu-- still a bit — is not a clear vision at the moment. and is the — how and this is the issue — how this is going to interpreted this is going to be interpreted by the market over the next 148 some sectors are at hours. some sectors are at 48%, as you mentioned for energy, will be 25 and some will some will be 25 and some will be exempt. so it is wait and

be exempt. so it is wait 5.55 where the be exempt. so it is w5i! 5.55 where the sandflies see where the sandflies mid week and then we will get a iii555 555 h555 255 7555! 55557" 7777 77 "7 7 picture iii555 555 h555 7255 7555! 5555777 7777 77 777 7 picture but iiif55§ 555 h555 7255 7555! 5555777 7777 77 777 7 picture but at the clearer pictdre bolt 5! the you to say it moment you have to say it has had impact to the markets — had and impact to the markets — enebgy are up and you energy price~s~5r55p 5.55 yod seen the energy prices—5.1559 5nd yod seen the us dollar have seen the us dollar strengthened this to the news. down over 2%. of 10% on canadian oil imports. america gets almost all of its oil imports mukesh sahdev rystad energy and greece and tells me that prices �* prices can be expected 7 the the summer. into the summer. this is an interesting _ into the summer. this is an interesting dynamic - into the summer. this is an interesting dynamic and - into the summer. this is an interesting dynamic and as| implements these tarills. trump implements these tariffs, countries are trying to find

out what is c or the out what is the plan c or the plan d. trump has a b. plan d. trump has a plan b. the flows from the north while the flows from the north from canada and the south from mexico get reduced some mexico get reddced from som5 the mexico get reddced from some the short can = m: bring some back7 bring some back and give crude ng some back and give crude to some back and give crude to the 1e back and give crude to the us? ck and give crude to the us? ln and give the crude to the us? in the should short—term, should consumers expect higher at the expect higher pric = , pump? absolutely. the key . uestion pump? absolutely. the key question i ask _ pump? absolutely. the key question i ask is _ pump? absolutely. the key question i ask is l the - pump? absolutely. the key i question i ask is l the short question to ask is in the short term where we are, not the question to ask is in the short term wh big ne are, not the question to ask is in the short term wh big demand, )t the question to ask is in the short term wh big demand, and e question to ask is in the short term wh big demand, and when the summer big demand, and when the summer big demand, and when the summer season comes then we will face the impact because the us to attract the the us has to attract the balance either europe and balance from either europe and also there a also there is a possibility that a known fact theta littlefless'known fact — that thete littleftess'knewn fect — that the is sending lot of products to 5 tetet pre5eetete mexce 700, 5 tetet pre5eetete mexee 700, 800 5 let et pre5eete te mexee 700, 800 kilo barrels almost 700, 800 kilo barrels per day. not a small number. ie— us have to retain those the us may have to retain those barrels home if have

barrels at home if they have to change the prices. with change the prices. canada with more integrations on crude, more integrations on products with the mexican 7 borders. so, it is quite and i believe if it complex and i believe if it lasts beyond the quarter into 'e"' hes-"i the 55:5“!5' “a 7 ~ ' t ' ' f 7 summer 'e"' hes-"i the 551555“ “a w ~ ' w ' ' 5 w summer season, 'a“a heaa“ the etrerte' “a w ~ ' w ' ' 5 w summer season, then 'a“a heaa“ the etrerte' “a w ~ , w , , w w summer season, then there the summer season, then there will be price impact. will be really price impact. short term, i the supply do adjust. 7 india's middle class is expected to have more money in �* pockets thanks to the tax 77777777777by7the 7 7 7 breaks announced by the government. those earning under $15,000 annually will not have to pay any tax. that is an t5 pév’efivt’ex thet is 55 of increase of the earlier threshold of around $8,000. the minister has also to other income taxes 3s as well. 7 as well. inflation as well. inflation and labs 55 well! lnflatien—555 ~ —~~ ~ enrages me labs as well! lnflatien—an5 ~ —~~ ~ enrages me that strength enrages me that people have been careful how

have been careful about how much they spend and these tax 7 757526174 7 7 7 7 75752617465; 7 7 7552617465; should help —— stagnant breaks should help —— stagnant wages. capitol expenditure is 7 is the amount a spends on government spends on like infrastructure projects like roads, highways and ports, that is on with the is on track with the government $120 billion for the |e7 it7 has been a major of india's economic driver of india's economic growth over the last few years and also create jobs. 77the government has also while the government has also skill development em . . 7 77to help 7 7 77to help make7 programmes to help make people more the jury is more employable, the jury is out on how still out on how successful that will be in boosting employment. in a country like india, employment. in a country like india. - you _ employment. in a country like india, - you may - employment. in a country like india, -you may do, i employment. in a country like | india, -you may do, it india, whatever you may do, it may as inadequate given mgy seem as inadeduate given” size of the population you the size of the population you are to address. these programmes and the skilling programmesand the internship programmes larger internship programmes that were last year, -ie mm so maybe one year down speak so maybe one year down the line we will be better equipped to say that eduipped_to say that something being done enough. is being done enough. has been

expenditdre h5555en allocated. let's see the performance. be! let'sseetheperfermance. budget also focused on the budget also focused on agriculture — the sector that employs over half of india's to boost popdletion, looking to boost low productivity areas m and farmer increased from $3500 to limits increased from $3500 to over $5,500. but experts say given the headwinds and given the global headwinds and the looming threats of tariff hikes from a trump presidency, the economic uncertainties in the economic uncertainties in the short term india will the short term in india will the main for remain. the main ceremony for the awards are under the 7 the acts the ac7ts will the acts will as a way. the acts will double as a charitable event to raise money for emergency team raise for emergency team to raise money fighting wildfires last t7he 7 7 t7he eritertainment month. the entertainment faced industry has faced disruptions industry has faced disruptions in recent years the in recent years from the move to the pandemic a curb on looking a curb on large concerts. they are here to talk about where the industry is

a7r71d77 77 7 77777 andhere 7 7 7 and here is 77777 andhere is rob 7 headed and here is rob i know the grammys at 7 at the 7 at the moment.7 are ongoing at the moment. what has it stood out to far? has it stood out to you so far? i do think the industry is together to raise money coming together to raise money for the terrible i was for the terrible fires. i was in los angeles — i am in hawaii now but i was in los angeles when it it was really people lost horrible. lots of people lost their homes and clearly the industry is coming and donate some money to try and— donate some—meney to people. lt try and—denatesomeeme- = --eole. . try and—deflate someeme- ~ = neale, ,., try and—denatesomeeme- = --eole. ., help people. it comes at an awkward — help people. it comes at an awkward time, _ help people. it comes at an awkward time, i— help people. it comes at an awkward time, i suppose, i help people. it comes at an i awkward time, i suppose, but the music industry on the whole, where would you say it is at at moment with is at at the moment with streaming coming onto floor streaming coming onto the floor and also large concerts from the artists are really taking up the artists are really taking up a lot of essbase? the artists are really taking up a lot of. essbase? up a lot of the essbase? mean, that is exactly right. i mean, that is exactly right. the industry is in a ponderous place right now for small the larger 7 7 thelargerothers, 7 7 the largerothers, it artists. the larger others, it works out. they can do

77 77mill7ion7, 7 iiiiuigiif ——7 — -—7 it is fun. for t55r5. lt’i5’t�*555’f5r 5555! touring is difficult artists, touring is difficult and they do not make a lot of money from streaming which has aeer carer the as l taken over the industry, as i think you are aware. 80 or 85% music revenue is of recorded music revenue is from streaming now, so whether you make from streaming you make money from streaming �* not is really crucial, and er net is really 5555555555 55555557fo need er net is really 5555555557757 ,, ,, , ~ need to er net is really er55i5l55555~~ w w , ~ need to have hundreds of yog need to have hdndreds of of streams or at least millions of streams or'et least of millions of to any si - nificant income um _!|7 7.7mtt77” been creein: into the industry 7 industry as 7 industry as well7 the music industry as well is the use of ai. i would be to get your what you think it is 7 the7 7 77 the 7music 7 and for the music industry and where think is where you think it is headed? that is a big question that has 77 355217777 7 3555235677 7 7 7 de7b5t7ed7 $5657.31in17 over the last ceaselessly over the last couple of years. it is hard to ceaselessly over the last coupl a )f years. it is hard to ceaselessly over the last coupl a )f years. it on ard to ceaselessly over the last coupl a )f years. it on when is make a judgement on when it is headed right now because that headed right now becadse that lawsuits pending. a lot of is lawsuits pending. a lot of music power players and thank ou can't are suing and thank you can't just feed �* data,

are suing and thank you can't just feed �*data, meaning 7= -7 into ai and 7 into ai and spit7out music, into our ai and spit out something and claim that it is lawsuits shape before make a judgement we can really make a judgement but is no doubt it is ; to change the industry. going to change the industry. they will be ai write and i would -uess songs and i would guess probably songs with the probably hit songs with the five years at the very outside. huge question is how those five years at the very outside. hugs are estion is how those five years at the very outside. hugs are going is how those five years at the very outside. hugs are going to 1ow those five years at the very outside. hugs are going to be 1 those royalties are going to be distributed. will they actually have to pay of people have to pay all of the people they fed into the ai? if so, how would that work? there is of questions but l5§ 5t 5555555555 55555555 555 is l5t 5? 5555555555 55555555 555 is no doubt l55. 55 5555555555 55555'555 555.7 is no doubt that al l55. 55 5555555555 55555'555 555.7 is no doubt that ai will writin- music h writing music a short �*time and -. ’ 7�*7tim7eia’ndroossibliy popular music. it 55555 5555555 5fiw - popular musicfi very popular music. it is getting _ very popular music. it is getting into _ very popular music. it is getting into every - very popular music. it is getting into every industry, isn't it? you for isn't it? thank you for -, to today. rob speaking to me today. rob schwartz. we are of schwartz. we are out of time here. thank you for see you again soon.

hello and welcome to sportsday. i'm lizzie greenwood—hughes. there's another thrashing in mumbai as abishek sharma wins a seventh world cyclocross title. we're starting with football and a fascinating day in the premier league including at arsenal where they stunned