keeps on going, tenant story, which already reads like the script for a hollywood movie is far from over. what do you sick, leave us a comment and don't forget to subscribe. the not everyone was surprised by donald trump's victory in the us presidential election. one of the biggest factors was this promise to boost the economy despite it not actually being in too bad shape. and then there's the global picture. with this edition of made all about politics and industry. we take a look at india for the i t sector. among others says trump's re election is good news. we also compare hot the middle class disappearing in the us, india and china. and come full circle with hobby and release plans to transport argentina with trump, a nomics the

he came into office promising to bring industrial jobs back to america's russ spells. now the world is bracing for a trade war. detroit was once the hub of america's auto industry, but many factories there have long since shut down. the u. s. produces fewer cars now and vehicles that become the country's top in ports. in 2023 americans bought over $200000000000.00 us dollars worth of cars from abroad. these cars often come from mexico, where major european and us automakers have their production facilities. the issue of automotive jobs is just one example of the broader situation facing the us economy. it's trade balance is deeply in the red, meaning it imports far more that it exports. for example, from neighbor in countries, canada, and mexico,

which has benefited from free trade agreements. the use exports to the us are worth over $200000000000.00 more than what the us sells you countries. and the trade deficit with china is a mass of $280000000000.00 for that, the incoming us president has a plan to me the most beautiful word and the dictionary is tariff. and indeed, trump has been continuously announcing new tear of 10 percent on all imports. 25 percent on those from mexico and canada, and a whopping 60 percent on chinese guns. but experts think these plans post risks for the us economy. ready and the trunk of trump really raises terrorist across the board visit that could definitely affect the price levels in the us of and potentially fuel inflation. and then kind of of the info to and on high. ready ready higher tariffs could mean that americans themselves indirectly bear the cost

for rising prices, or does the us have enough market power to counteract that? if you are a country like the u. s, that means that u. s. large, that's the export to us into your country, react with decreasing the prices. so it's actually unclear how much of the terrace increases actually passes through to the aggregate price level. having said that, there's definitely going to be an increase. take cars, for instance, the product trump would prefer to block from being imported entirely. too high tariffs mean for trade partners trumps to address their company should simply produce in the us. instead. our leaders in c e o is calling me up to complain about our towers. my answer would be very simple. build it in america very however, it's international companies do indeed ramp up production in the us to avoid tear

of the us us trading partners with lu, significant economic growth and jobs comes to this. this is also, it's absolutely crucial that europe now pushes forward with essential before and with indigo. that's strengthening its own competitiveness and location staff. then i understand we need both economic strength and unity within the, you know, i'm, the software has enabled a hi us tear up. suppose another risk for the you. if you're a chinese goods, enter the u. s. they could land in european markets, instead, german manufacturers among others. if you're increased competition at home. and it appears that the european market is relatively open, which low average turn the price. so if the us closes its market further, we could see more goods. the flooding into europe may have gone often of a piercing marketing. the u, as already discussing counter measures, such as imposing tariffs on products like bourbon, whiskey and motorcycles. or should europe try to appease trump instead?

for example, by agreeing to buy more liquefied natural gas than weapons from the u. s. even the threat of high tariff is having an impact. so he starts the negotiation before he's even entered the white house, which is in itself quite a smart move when you think, uh, strategical bargaining and so on. but it's also cost please, because what he generates a lot of uncertainty, particularly to it's pretty trading partners. and what happens if china refuses to negotiate? if they retaliate with sharp counter measures and a trade war and sues, everyone stands to lose well. and then solution could rise even further trumps extreme tear of plans are and experiments with no clear outcome. but he's confident in his strategy on election night. he promised this will surely the go to the

age of america. that's where there's a new front and the ongoing type trade war between the us and china. washington is restricting exports to china of advanced artificial intelligence, ships made by us based in video. meanwhile, the likes of huawei by do and only by about or designing rival ai systems incorporating their own ships. india enjoys clar, friendlier trade relations with the us and hoops deposit from trump conflict with china. you can feel the bible for young people as soon as you reach the city. bustling high robot is one of the biggest itd helps in india. here on the campus of the institute of technology, one topic is dominating every conversation. artificial intelligence. many of the students here have their own dream of a future. in developing a i did see

a drastic changes in the environment that end up in probably with the mindset of the people taking more into a perspectives. so it is moving a lot fewer students than ever before. see the future in the u. s. a. europe. this professor thinks the brain drain of young i t talents out of india is over. students have been traveling to other countries. us most important key for job prospects and so on a little or this trend is changing in the past few years. uh, thanks to uh, you know, this, this uh, tremendous. um, stock show that is developed in india. i suspect immigration full stop will be much more limited. ahead, making it harder for especially for qualified applicants to meet the h one b visa programs and any other kind of programs to bring in either immigrants or

refugees or both. and india needs its own talent, has major company bosses because the country has changed from a pure software business to a major service provider. in united exports handle everything from software to cyber security for companies, world wide informing system. one of those companies still operating in the u. s. germany and do buy and have the headquarters in indoor in india, almost 1500 people worked for the company. info beans sees itself as an a i digital transformation center. the phones are still in fuel threatened by a new trump government in the united states. america. he bought sadie, but many big american companies already have huge set ups in india that will hardly be any company in the us that does not have any ip set up in india or elsewhere. i just have to go with that. so i don't think it will make much of a difference that we're done with. on the contrary, she would come to meet the i thing that trump policies which talked about tax

breaks. and we should talk about promoting business that will lead to a boom. and the i t sec stuff, it tells me later in the us prime minister and that ended a movie and trump, or getting along very well. a repeat of ports are relations the 2 shared doing trumps 1st term between 2017 and 21. they even called each other friends, and the trade between the countries is growing at 2023. the commodity trade between the u. s. and india focused on precious metals, fuels, and electrical machinery according to you and concentrate data. 35 percent of indian exports to the u. s. and 41 percent of india, s and ports fell into these categories. still, the trump administration might have an impact, but less on india then on china. first of all, the big problem might be punitive terrace. i don't think it will be an immediate impact, i think again, as if the system, the global system that has provided the rules of trade for, in my lifetime,

continues to unravel them that will have an impact even on services. and even on countries like india, that are generally not as exposed to the global trading system in yes, more interesting when it comes to offering services. according to a survey, the total export of southwest services stands at $205200000000.00 compared to just around $200000000000.00 a year earlier. and that might have an impact on indian society. in general, you know, software coming out of india. i don't think people are so concerned. uh, the dollar rate concerns, but that's a positive thing because the dollar keeps getting stronger. and in the, in boards, the software is good. uh because you are uh on boarding movies the media. uh but our daughter looks to be getting started stronger

under under tom. some would even say a strong dollar health in your reach newheights in dock. you technologies is one of the leading software companies for the indian government. the other biggest provider for i tease solutions and the public sector in india that found are things that in the long run, india could provide more than rival china. perhaps even in manufacturing, the india as a natural or doing it of the china looking at our boss gallon pool i robust equal system and our cost advantages, i believe you had an extra light and then that's for an alternative and why not a young population. many i teach strange people and hundreds of startups within the country. the info being spots is also optimistic. a, we did up the liquid, so i think the indian industry will only grow further during the next few years.

but today's global i t market is completely dependent on india, and we have to maintain that dependency or dependency. we have to consolidate it and i had assigned me that accept. then we should expand. our focus is on look at especially basic technology innovation. yet costco basic research, which we perhaps have not paid much attention to yet to i'm to show that the not having the, the, as we need to develop a high technology ourselves for the internet to you back to the institute of technology in the hydro. but companies don't have much of a hard time keeping that people in india. many want to stay in the country in the long run. i would go abroad for just the 1st dog i would say, but i would want to continue working in india and i would settle down in india if that is the question for the studies. i'm even for a job. uh, i would like to go up north for the good thing that 8 experience. but i also want to come back and give it back to my own country because uh,

i've had all the way education from india graduates and i t exports or even relatively confident about trump 10 your the good career prospects for young graduates in the country itself. do not seem to be a problem. politicians have traditionally vied for middle class voters, but with social mobility, not as easy as it used to be in many countries. it's a group who are not versioning, but declining. what things can middle class people no longer afford some risk, a drop in social status on others face a brighter future. we check the situation in the us, india and china. how realistic a prospect is moving from the very poorest of society to the middle class. owning your own car on your own of some use the money to go carol funding

while others treat themselves to trips further afield. out of things look for the middle class and the world's most popular countries, the us, india, and china. at 1st glance, their awesome, surprising similarities. jeff joanie is fairly typical for the us middle class. any 3 and a half $1000.00. net a month as an industrial worker. he was able to finance his 2 children's college education from his salary and buy a home. but this lifestyle can no longer be taken for granted in the us before it just and then you can come out of high school and make middle class way. just bring your family up and i think corporate breeds overpowering you all the, the regular people. and i'll try to just let you to come up to a standard of living that we used to have these worried about whose job, thanks to wellpaid factory work until a few decades ago. around 70 percent of americans when middle class now it's 50

percent mostly it's due to the sort of a routine of what used to be relatively high paying manufacturing jobs be outsourced from united states. i think this has a lot to do with the, with the decline and the middle class struggle start off much represents india is young, middle class, well educated and full of optimism to work in the media business. cheap reg, with family tradition, by founding a consulting company. because most skills a lot, the cookie of the community guy come from a middle class family, but he wanted me, it was typical for us to be employed. all. i was practically conditioned that way that few of the keys nobody there to take the leap into self employment ticket that was difficult for main skill in those conditioning good door to non self employed. people like make up the majority of the middle class in india, which typically means you have

a monthly household income between $601800.00. about 40 to 50 percent of the country is very limited. 2000 and thousands because these people have bought the boat using board. and the reason to use that still happening. so maybe you jump over to movies that opened up people's income, increased as economic. what happens in india and tv boeing got to be that's about 7 percent. india as middle class spends up to 50 percent of its inc. i'm on food far more than in the us or china. the rest goes towards major purchases and health care, among other things over in northwest, in china, within a generation, this family has risen to the middle class, which not includes around 40 percent of society. within that months, the household income of between 115-5800 us dollars. which takes the petition musician, because the crucial thing for the chinese middle class,

especially in recent decades, was 1st to secure the basic foundation of prosperity and buying a house. and also for retirement security will be on house one. i'm setting that up because they had to solve, i suppose all the time of the car is also important. and both as a status symbol and as a means of transport, plus and investing and children's education, which is also very costly in china. that was cutting snyder costs ridiculous well defined. securing wellpaid middle class jobs by getting a college education for a long time. that was considered a promising part in the us. but in recent years, fewer and fewer people have managed decline. the socio economic lot of it appears that uh, you know, where you were born. the location which you're born that the social status that you were born into is very predicted of later lives. social status and social social

mobility has really not kept pace the but it once was in the sixty's and fifty's and in united states. there's also applies in part to india, but in a different way, the largest chunk of the us continues to talk somebody up with us. he moves. they also know you've talked about social mobility, especially in the navy as economic mobility does not ensure social mobility. unfortunately, even in today's date of the stories that i used to be the friends haven't all been address, because then you don't have a very strong go. because you connect to very strong social network. china's new generation faces a growing threat from unemployment, where they use jobless rate of 17 percent. most of heat in kindergarten does the, the long standing formula for success was through education at 1st, specially by attending top universities often abroad. and because of

a couple of the kids in of the home i was planned, but that no longer works now get the middle class in the us is still doing well, but the country is suffering from high prices and the rising cost of living. so what about the american dream of working your way up to a chief prosperity is getting a little afraid, the kinds of things that comprise the american dream, we're consist of the big ticket items that are very, very expensive. now, a quality education, particularly a post secondary education, has become relatively expensive for some families. home ownership is become free to have that ability expensive that was also a major component of the american dream. india's middle class will probably continue to prospect due to the strong economic growth that that was the reason that they didn't speak also attractive to be especially to m. m. c's. because that

wasn't not funds you're locked into it just in terms of its sense in china, fear of social decline could we can support for the communist leadership to regime had promised that everyone should have the chance to prospect is in all 3 countries . members of the middle class, one that children to help the lives that these days, it's a hope that's becoming increasingly difficult to fulfill the coffee. emily has been called the trump of south america. and similarly promised to save his country with the program of neo liberal economics. although in argentina's case, the economy really did need saving. so after me, lays 1st full year in office, how do people on the ground feel?

federico priority is one of many large scale farmers in the province of cord. about agriculture is one of our engine tina's most important industries, the change of government, and when is iris a year ago, filled him with great hope? because the libertarian president, heavier malay promised tax reductions for the sector and i want to say that we hope that it will start to fulfill its election promises and above all, not make things even harder for the advert. cultural sector. not bowden, with exaggerated taxes that have been imposed on the stick to the is a data set of rico pro, yada. you breeds cattle with his father as almost everywhere in the country. the animals are attended to by couches as farm covered some 1000 textures of land. and there are plenty like almost $1.00 and $3.00 jobs are connected to the agricultural sector in argentina, which exports, mays, soy, and beef all over the world. but as many who voted from allay also complain the

country suffers from being an attractive for investors. the capital, the cyrus overhaul subsidies electorate voted from allay among them is diego for know leo, who had some ice cream and chocolate menu. it's actually done with good above all we need companies coming in and investing in recent years. companies have been leaving awesome teen up. any i mean about the da. 6 so know leo produces luxury items for those who can't afford them. and only a few argentines can't. poverty has risen to over 50 percent and heavier malays 1st year in office. even so, since the businessman, the president's neo liberal approaches are the right ones, malay has cut subsidies, laid off $30000.00 public employees and close ministries.

i'd say that in 12 or 18 months time, your economy will start to grow strongly under conditions will be creative at the origin, tended to become a dependable country. c l. white. so it will be called you out of the trade unions from all sectors are highly critical of malays. austerity measures saying that he's opening up the country to potential investors at to lower price and squandering argentina's resources. the most controversial element is a package of flaws introduced by malay, that provides tax, exchange rate and customs benefits for foreign companies. lending but a c on and on this plan. foreign investments are project lead not taxed or regulated as they extract dollars from the country. they would on their earnings, some of the resources they mine and now soil on how to treat these updates. essentially they take argentine as resources for free, leaving the countries with nothing so advice. the got us malay has already met with a loan most. the multi billionaire has plans to mine raw materials such as let them

in argentina the countries universities are home to both supporters and opponents of these neo liberal policies. some students have helped organized protests and recent months. on paro turk image studies at the national university of laptops, us outside the window, cyrus malay had slash jobs and made other cuts in education across the country. like on the south side, any i know, i know with the adjustment of salaries could not compensate for inflation. i know for university employees, this means of loss of real purchasing power of over 33 percent and knows what the cost of students we get. this reality is how many of the stake a and i know is that another faculty is at the university of one, is iris, for example, the lighting in the common rooms has been reduced in order to save energy. now and

i didn't mean, and he, wilma lives, tough austerity measures, curve inflation and boost the economy. some experts believe that his neo liberal approach can get the country back on track, the me buddies to get in full go get the president millay is doing the right thing . not spending more than we can to spend the saw and not spending more than we have to be in a. this is the only way we can achieve a budget surplus again and reduce inflation in the long term. we've got the same day that we're heading for that young not every once these things that way with the countries soup kitchen, seeing a dramatic rise in demand that remains to be seen. whether malays course will stabilize the economy or dr. poverty to new records levels. what is clear is that society has been deeply divided since the president took office

and that rounds up or rather falls, this latest edition of maine, which focused on economic developments and be a liberal policies. whatever your politics, cnx time, the, the, the

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