₦airaland Forum

China raises additional duties on U.S. goods to 125%
Beijing calls Trump's tariff increases 'a joke'

China says it will not respond to any further U.S. tariff hikes and calls it a numbers games as it simply means no deal.

China seeks to rally support among other trading partners

BEIJING, April 11 (Reuters) - China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president's tariff strategy as "a joke."
Investors had been waiting to see how Beijing would respond to Trump's move on Wednesday to effectively raise tariffs on Chinese goods to 145% while announcing a 90-day pause on duties on dozens of other countries' goods. The yuan slipped to levels last seen during the global financial crisis on Thursday but rebounded slightly on Friday.

"The U.S. side's imposition of excessively high tariffs on China seriously violates international economic and trade rules, runs counter to basic economic principles and common sense, and is simply an act of unilateral bullying and coercion," China's Finance Ministry said in a statement.
The tit-for-tat increases stand to make goods trade between the world's two largest economies impossible, analysts say, with import duties above around 35% wiping out Chinese exporters' profit margins and making American offerings in China similarly overly expensive.

What can we do as black Africans to reclaim North Africa

..maybe he already used to doing it.

Some people do wear 3-4 trousers. They are so uncomfortable wearing single trouser.

Trump succumb to pressure and announced 90days pause for tariff and instead choose to negotiate with other countries

President Trump said Wednesday that he was unilaterally raising the US tariff rate on China to 125% and instituted a 90-day pause on steep "reciprocal" tariffs on non-retaliating countries.

"I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump posted on Truth Social. "Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, ... and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately."


The US stock market soared on the news. It's unclear whether countries other than China that announced countermeasures still face the tariffs rate that went into full effect on Wednesday.

"The world is ready to work with President Trump to fix global trade, and China has chosen the opposite direction," Commerce Secretary Howard Lutnick tweeted.

Earlier on Wednesday, China said it will raise its tariff on US goods to 84%, and the EU voted to adopt a 25% tariff on a range of US goods worth roughly $23 billion.

The China move came after the Trump administration followed through on a threat to add a 50% tariff on Chinese goods, in addition to 34% reciprocal tariffs, raising the overall tariff rate on Chinese goods to 104%. The tit-for-tat escalation essentially amounts to a trade war between the world's two largest economics.

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-raises-rate-on-china-to-125-pauses-reciprocal-tariffs-on-other-countries-191201868.html

Probably they load more than it capacity

abbey621:
China exports to the USA: 75%
US exports to China: 25%

If the two countries were democratic, na China go suffer pass but since one is communist, it can withstand harship and poverty for way longer than spoiled Americans hence this is a battle that won't favor Americans!

You people and trump don't even get it. China price snikers for Nike 10$ a pair the Worth of 200$ a pair. This snikers is sold over 200$ a pair in the US. 190$ remain in US while 10$ came to China.

You don't concludes economy base on that. there a alot of deals going on.

.. it think they should look for town that do farming. Allow the villagers to rent some of the tractor during planting season.

1, The number one is access to cleanest water (bottle water)

If you drink clean water for 1 months it will show from your skin.

2. The clean air. ( Nigerian is filled with pollution from the air and environment: experatment have shown people from filtered and cleaner air will look more healthy and fresh.

3. The sun. The heat from the sun and harched environment of this country can make people look haggard no matter there money.

4. Malaria, thyroid and other decease. When the body purge itself from all sickness it will become fresh. That why detox is advised and necessary.


5. Access to food. Especially Protein and vitamin is very good for the body. Nigerian and African food is mostly carbs and less protein. This makes them look haggard and suffering face in photos. Protein and food are cheap because of mechanized farming and subsidy over there.


Anyone can be fresh in Nigeria if they live inside air conditioner 24/7 with cleaner air and best table water. Access to protain like chicken, fish and beef. Lastly rest of mind without pressure with good afternoon nap.

Nigerian passport use to br very cheap and easy

OyeofIkoTuN:
You joking right?... this car 3m?.

in as much as the car is on the high side. But base on your reaction 3m nor be money again oh. APC have destroyed this country

Bossman:
I brought my Onn android box. However any other android box, firestick, etc will do the same thing. You just need to connect it to your Wifi.
Also, since you mentioned you just want to watch Youtube, any smartTV should have the Youtube app already on it. So you don't even need a streaming box. Just connect your TV to your Wifi.

airtel tv box is cheaper for him. Only that other sim cannot be used.

How many gb ram is your onn tv?

Due to inflation many countries will try hard to make policy to save their economy. The policy is not targeted at American but export and import.

Its a protective mechanism to put their economy interests first. Example is the iPhone which is seen as a luxurious item every year on each release. All Asia and Europe countries especially the uk have high tax tariffs on iPhone devices and other items they think its luxury coming from anywhere. But basic items and necessity are excluded from such tariffs.

Like in Nigeria for example cars, whiskey, iPhone are among the list of higher tariffs imposed by APC government to control inflation although there haven’t been any result other than more inflation and high cost of doing business.

Rich people don’t care about tariffs they will still buy it since they can afford it. It’s just the economy that suffers and the low income consumers.


So the tariffs on America are based on certain items not all America produces. America manufacturing companies cannot compete with China. Most countries still prefer imports from America but the price is what pushing them to china.

How did you managed to use the whole 50L?

Did the vehicle off? Even if the vehicle off by itself there is still about 15L left to protect the fuel pump.

Best way to calculate is to wait for the reserve lights to show then put fuel from new 10L gallon because filling station fuel is below 1L no matter where you buy from. Add Tina or injector cleaner to the fuel because of low quality and moisture present or dirty injector. then wait for when the reserve light will come on again. From there you can calculate.

.after the second world war.

The US ordered all colonial countries to give up theirs colonies for a new era. Which the UK and France control more countries they once had and the countries controlled by German was already divided by UK and France. And they went to take up the countries Japan was controlling and the US doesn't want that.

So they came up with a new plan for their own interests. The United nations and a new neo colonial era.

Dollar as world currency and reserved. Advantage to the US. They claimed to have the Gold reserved to backed it at the time which was true to some extent but not anymore. The US doesn't have the Gold anymore to back up the dollar. All they do is print more paper and do charity it was the main reasons the dollar keep devaluing as they spend more that their worth and reserves.

The world back their economy with the dollar by using their economy and resources. But the US just print paper and taking up countries resources with politics and military forces in other to remain stronger.


While the UK and France share Africa resources and economy in other to remain at the top. What is left for Africa and it future? It is the reason Africa remain poor because they are so foolish and their leaders greedy. They lack the education and rational mind, and useless in world politics.

The ones that have the mind to challenge the neocolonialism faced with sanctioned.

The way buhari slam high tariff on rice. Today how much is Local rice?

If not for china that supplies iPhone, Android parts. Majority of people won't be able to afford iPhone and even people in America wouldn't be able to afford basic things like laptops and Smart devices.

Americam company cannot compete with Chinese company in terms of Price, features and options even quality. The market will always favor china. It looks like china is the next world power. When the world accept the yan as world currency it would change the dynamics.

The story didn’t ard up. No vigilante from the south will just tell you to come down and use axe on your leader. Something went wrong

So the lagos bus doesn’t have fire extinguishers?

In order to create a stable economy so fuel price need to be fixed and stable while government absorbed the shocks.

When it drop the profit goes to excess account and when it increases the money is use to cushion it. This up and done is creating economy instability. When it Increases transporter increases price and food items increase but when it decrease non of them come down. And after sometimes when it increases again they increase price again and again

What's the point of the post. Did you change the transmission oil. And what happens thereafter.

..the sacking was long overdue.

When tinubu announced subsidy was gone.

The guy never consulted the presidency before announcing the new pump price that throws the country into serious problems married with inflation. To worst it all. When they float the naira he also increased the fuel price without consulting the presidency. But claiming they are owning them unverifiable trillions of naira from fuel subsidy

Whereas they mixed the fuel they import with ethanol.

The least the senate can do is to suspend her. But trying to remove her is not good for democracy.

.. nothing wrong with that. It's long overdue.

Why do you need more notes to buy anything tangible from the market when you can use few notes. we already faced serious inflation in the last decade that warrant new notes.

It help with liquidity and balance trade.

Cbn should print it fast. it's long overdue.

100k doesn't fit well in a wallet. For a money that can not buy anything tangible.

it's either we redenominate or introduce higher denomination.

When obj introduced 500 and 1000. Nigeria also shouted. But today it's history.

We need 2000, 5000 and 10,000 as this we reduced dollar dependancy for some people.

1usd is higher than our highest denomination.

Show me the country where their highest denomination is below 1usd.

[quote author=dru23 post=134814248][/quote]avoid the guy. He is a pest. Everyone already knows him. No one takes him serious.

The mistake you will make is trying to buy any of that thing. It doesn't worth your time.

Just tell them to put them in cash and you negotiate everything in cash. If it doesn't work just walk away.

Look like MTN is planing to run from Nigeria by making as much they can or politicians gave them targets to meet before next election.

The 50% increased approve by the NCC is not whats Nigerians are witnessing.

Recent checks shows data is now on the high side over 200% increase.

Which place is that? Is it flat or selfcon

And that's how it all ends. Billions gone and wasted. Africa is really cool

Hunters are restricted to their town and village. Moving around with firearms shouldn't be encouraged and supported despite the fact people didn't support jungle justice.

Hunting games in restricted and illegal. Every state have their forest to protect. their should be total ban on hunting to avoid recurrent issues like this.

Are they commanding on what? Everyone already condemned the act. So who are they commanding? Is this a threat of what?

It think we have given this reportage too much audience. It’s better to just ignore it for a while.

Sangoamadioha1:
Don't people go to the north to conduct their own businesses? Do you conduct your own business in your locality only.

what kind of business is hunting? Who gives them right to hunt in forest in rivers? Hunting of games is outlawed and restricted. You just can’t enter people town and forest to hunt animals.

Hunting of games is outlawed and criminals act.

Stop hunting wild game and moving around with weapons.