₦airaland Forum

OneOnland:
Humans traded, and lived in lack of European/American slavery for millennia. Western hegemony removed, dollar and Euro trading removed, the world would go back to normalcy, lack of centralized worshipping of the US and Europe when there should rather be free trade with the next next neighbor.

Somehow, tell me, how did the people of old do it? How was primary SW trading with now Mali, now Sierra Leone, now Ghana relating decentralized without going to worship, build government buildings, deposit reserves, etc in some Babylon? The West has destroyed commonsense with their economic whatever postulations. The average European has absolute freedoms of movement (vis their invented passport), but a Nigerian does not! What's the sense in their slave-mastering.

Their 63% of Americans brought their toddler-in-power in, spectacular! They get what they get. Thank you Trump.

Lol. It can't happen, stop getting emotional. He is balancing trade. Imagine placing tariffs on US goods but expecting the US not to place tariffs on your goods—at who's expense? He has to encourage local manufacturers through that tariff.

Now, your logic is like that of a 2-year-old. It's like saying we should all go back to being without phones. Mind you, a lot of people became billionaires by creating ease for other people. The dollar is an easy means to mitigate trade deficit backlogs. Even China and Russia have not been able to do away with it.

Basicend:
Funny enough, Trump did not slam any tariff increase on Russia.

Trump is secretly trying to turn Russia to an ally. There is a real love story btw him and Putin.

Unfortunately, Putin is older, wiser, and more dangerous than him in the game.

In things like this, no one is more foolish until proven foolish. It's a game of chess, in the long run, we will see who is smarter.

Already, Trump has shifted to failure of Ukraine to Zeelensky, a great bishop move.

OneOnland:
Globalization was often an agenda to the West to ever be at the top, economic and social-wise, while using the rest of the world as their economic slaves and continuously subjugating them through various supposed globalization agendas (UN, WEF, lgbt them even, dollar reserves, etc.)

Yes, indeed, the Western globalization need be over. The world decentralized. A Nigerian should know more about Cameroon and Mauritius, rather than news news every day about your shitty hole piggy countries. Thanks to Trump for ushering in the beginning of the destruction of Western hegemony on the other 6billion+ rest of the world of only 8 billion.

This is a slow emotional take. Before the world decentralizes, there needs to be viable alternatives, cause how do you balance import-export deficits?

If Nigeria and Ghana start buying and selling to each other in cedis and naira respectively, when Nigeria archives trade surplus, what would they do with the excess cedis since they can't spend it in Nigeria?

Before the dollar can get out of the way, a viable alternative has to come in. Currently, lots of countries have signed deals to keep selling their oil in dollars, how do you break free from that hegemony?

Even China and Russia haven't dumped the dollar 100% for this sole reason

studyless123:
You're right. Tariffs imposed by the Chinese govt will be borne by the Chinese. The advantage they have is they depend less on the US. I hope you get it.

Don't forget it's business for the companies that import US goods. More like Nigerians who import used US cars, when tariffs go hard, their business may fail.

Either way, everyone will bear so much pain.

santaclaws:
See bro, I totally understand. I'm a business major and I know all about tariffs, b.o.t and trade protectionism. The tariffs you're talking about, at the end of the day, would be paid by the Americans themselves, not even China. The only benefit they'd derive is in the long run cos introducing tariffs, which leads to an increase in the cost of imported goods, doesn't automatically mean that local alternatives would be sought, especially if the price and quality is comparable (assuming there are even local alternatives for those imported goods).

The fact is that the US, under Trump, use their own economic standpoint (in light of their economic aspirations) as a yardstick for key decisions and they don't want to know if other countries are ok with it or not - this is in fact what Trump has been doing.

Another thing is Trump's modus operandi, he is too arrogant and doesn't engage in diplomacy when making decisions. The EU, China and NAFTA countries aren't insane to allow them to walk over them just like that. International trade is a blend of business and politics, some things are just not acceptable.

Who will pay for the tariff China would impose on US exports? Their citizens of cause.

lexy2014:
1. several countries does not mean "all countries".

2. will the US consumers and manufacturers be affected by these losses?

3. bro, apart from china, canada and mexico, how is the US the biggest market for the other countries?

is mexico not 77% instead of 80%?

does the US not make considerable exports to these countries?

4. does the US also import Aricuktjral produce, automobile, chemicals, machinery, automobiles, aircraft, and their parts etc.?

what are the tariffs the US imposes for these imports?

To answer you simply, in the US's trade with other countries, who records more trade surplus?

studyless123:
Why don't you calm down and learn bros. The guy was teaching you because you're getting it all wrong. About 4 months ago, I pay 2k on 20k worth of goods from China, now the tariff on 20k goods is $13,400. My consumers are complaining that my goods are very expensive because I pass the cost to them. The tariff doesn't hurt China because the price of the goods is the same. The tariff hurts US consumers.

Cars are expensive in Nigeria because of the tariffs on cars by the Nigerian government. The Nigerian consumers bear the burden. The same applies to all countries.

How about goods imported by the Chinese, who bears the tariff? Isn't it their consumers? Everyone will get hurt.

santaclaws:
Noted. At the end of the day, the US cannot tell other countries what to do, the world doesn't revolve around America. Telling countries not to introduce retaliatory tariffs is tantamount to telling someone to have his hands tied while he gets slapped in the face.

I have observed this trend of 'wanting to eat one's cake and have it' with a lot of western countries, especially US and the UK, especially with migration: when they need foreign workers, they launch different visa programs, when the same migrants come in, they start blaming them for the unemployment in their country, pure self-centeredness!

It's not telling them what to do. Look at it this way, you placed 10% on my goods then I placed 10% on your goods it's a tie. I can then warn you not to do any further manipulation or I will equally escalate. That's the stand of things.

frankson1:
Low self-esteem white a$$ sniffer dude, defender of the US

Let's start checking what they've stolen and are still stealing from other countries

Muslim illiterate, pls, educate me on what they stole.

lexy2014:
am doing my research by asking you.

?

1. did the US threaten all the countries it is presently threatening before it imposed this round of tariffs?

Yes, prior to imposing the recent round of tariffs on April 2, 2025, the United States, under President Donald Trump, issued explicit warnings and threats to several countries regarding potential tariff implementations. These warnings were part of the administration's broader strategy to address perceived trade imbalances and policy disagreements.​
https://apnews.com/article/3e38352ab5693852bfd9bc8dd2ac2d56


2. If the US imposes more tariffs and other countries retaliate again, who loses?

Consumers will lose as there will higher cost of goods. Manufacturers will lose as there will be higher costs of production. The level of loss will be relative. But Jo particular winner or loser since US exports will also be hit. Also, some coup tries may want to shift alliances to mitigate the brunt of the tariffs.


3. The US is the biggest market for which guys?

Mexico: 80% of Mexico's exports go to the US.

Canada: 75% of their export goes to the US.

China, EU, Japan, South Korea, India, Taiwan, Brazil, etc.

4. what are the high tariffs that "these guys" place on US goods?

China 25% tariffs, Aricuktjral produce, automobile, chemicals, etc.

India: 100% tariffs on automobiles and 50% tariffs on some products.

EU places 10 to 25% on certain products like Agricultural products, machinery, automobiles, aircraft, and their parts.

5. what are the goods in question

aribisala0:
I think your mother's is an idiot with subhuman intelligence. You really need to learn some manners

Certainly you will discover you have chosen the wrong person to use that approach with

In other words, I've exposed your illiteracy. Take care! Lol

santaclaws:
The trade deficit, is it China's fault? If the US cannot produce goods at competitive prices worth importing by other countries that's on them.

Most US companies deliberately went to Asian countries to produce their goods at cheaper prices and sell for crazy profit in the US, so the same capitalism Trump is promoting is to blame!

Other countries will retaliate and the US will realize it has no monopoly when it comes to international trade.

Very true but look at the bigger picture. It is easier to manufacture in China or asia, which means, which means manufactures and their workers in the US could benefit from it all, since the tariffs will almost even the cost to produce in China and the US—leading to a boom after a while.

While US citizens will be affected by increase in cost of goods, other countries will lose more since they all have trade surplus over the US.

lexy2014:
did the US threaten all the countries it is presently threatening before it imposed this round of tariffs?

If the US imposes more tariffs and other countries retaliate again, who loses?

US is the biggest market for which guys?

what is the high tariffs that "these guys" place on US goods?

what are the goods in question?

Okay. Do your research. All the countries that got slammed with tariffs placed a form of tariff on US goods.

Secondly, each country has where they shine the most. The US exports most of its oil, cos its refinery is mostly calibrated for heavy crude, but the crude in the us soil is light. So they export light crude, electronics, vehicles, machinery, and wines majorly.

Europe exports machinery, grains, foods, electronics, etc.

The US is one of the biggest markets in China and Europe. China exports goods over 3 trillion dollars yearly, but $500 billion-plus are exported to the US then the other 2.5 trillion is split between Africa, Europe, and other continents. Now while China exports 500 billion-plus, they only import 200 billion-plus from the US. Are you seeing the problem?

The same goes for Europe and all those countries slammed with the tariffs. They all have a trade deficit with the US. Now this is not a good thing for US firms and manufacturers.

If you followed the replies of world leaders, you'll see they all want to negotiate the tariff butt only escalate if the US refuses.


The point for Trp setting up this tariff in his first term and now, is for negotiations to go on and for most of the deficits to be corrected.

If the US imposes more tariffs and other countries retaliate, there will be no winner
There will be a loss of revenue on both sides and inflation would follow. However, countries like China may be exceptionally affected since it takes huge money off the US market.

aribisala0:
You really do not know what you are talking about
America Boeing along with Airbus have a complete monopoly on commercial aircraft.
They also sell a lot of weapons that countries are begging for.
They have monopolies in the area of Microsoft, Google, and other social media application
VISA, Mastercard, are American.

The trade deficit is because America has too much finance allowing them to buy things they do not need on very cheap consumer credit using other countries' money that they are forced to keep in dollars in American banks
People are changing phones every year, changing TV and so on so frequently. The reality is America consumes more than they produce and they do so because other countries keep their reserves in dollars in US banks .

Logically based on the year on year deficit the dollar should not be so strong

There is something called a World Trade Organization that has essentially done America's bidding

The simple reality is you cannot produce most of the goods China or India sells at the price they do and pay the American minimum wage and then most of the consumption is happening in America. How do they pay for that consumption Mostly CREDIT

Where does the finance for that come from?

Sorry sir, your IQ is below average! America doesn't have so much finance. They have logged 30 trillion debt which they service its interest every year. China is richer than the US and since it is a communist country, its companies benefit more than US companies.

Take, for example, the government invested massively in BYD a private company that makes electronic vehicles. The assembly plant is as big as San Francisco and now they are making more sales and revenue than Tesla, all thanks to their technological prowess.

When it comes to US citizens having those things you mentioned—it may look like a luxury to you, but credit facilities are basic amenities. It is not free money! If you have to pay for phones or cars over time, you'll also be paying interest and if you default payments, those items will be repossessed.

Having your foreign reserves in dollars is for ease of trade not to enrich the US. If the economics were that simple, the US would have printed 30 trillion and paid off its debts.

And no, the US does not just print money at will, or it will cause inflation (basic economics) you don't need to go to university to know this.

You must be illiterate to think everything is mostly credit. You haven't heard of income tax or VAT? Lol. From the food eaten at restaurants to money paid on rent, everything is taxed. If you paid attention in your secondary school, you should have learned that credit facility is a basic amenity.

Pls, read before you engage me.

Flangelo12:
You are a plonker.

Your insults are well deserved.

You still didn't make any point. I'd like to tell you that it is a disaster to be a Muslim and an illiterate. Spits*

blamingthedevil:
Dumb mumudient. Why is BYD not allowed in the US Market?

Byd is allowed, but they choose not to operate in the us because of mountainous tariffs. Guess who set the precedence for this? China!

China required foreign car manufacturers to form 50/50 joint ventures with local companies to operate within the country up until 2018 when they started relaxing these rules.

Just imagine. Despite most American firms assembling their products in China. Ode!

Flangelo12:
Shut up.

What of trade like Google, Facebook, YouTube?
Amazon?
You guys just talk rubbish and use Muslims as an epithet to subdue people from having a riposte.

Numbskull.

You only dropped insults, you didn't state what you meant by trade by Google and the rest. You sound like an illiterate and a Muslim too.

Google pays 80% of its tax to its parent country —the US and the other 20% to other countries depending on their involvement. Expecting Google to pay the same amount of tax to other countries is like expecting China's Alibaba to pay huge taxes to us and other countries that use e-commerce services.

What is your point exactly? Mr low IQ?

Xisnin:
US has a trade surplus with UK, but the UK still got slammed with a 10% tariff.
Just, admit that Trump your god is a complete slowpoke.

First of all, I know you're Muslim.

2) The UK has maintained a goods trade surplus with the U.S. for 25 years, except in 2022.

https://www.fxstreet.com/analysis/2024-sees-uk-register-ps21bn-trade-surplus-with-united-states-in-sign-of-balanced-relationship-202502180827

How is that a balanced trade?


3) Following Brexit, the UK introduced the UK Global Tariff, which outlines specific duty rates for various goods imported from all countries, including the U.S. These tariffs vary depending on the product category and are designed to protect domestic industries and generate revenue. ​

https://www.international-logistics-group.com/uk-en/insights/shipping-from-the-us-to-the-uk-160338/

4) In addition to customs duties, the UK applies a standard VAT of 20% on imported goods. This tax is levied on the total value, including the cost of the goods, shipping, and insurance. ​

https://www.trade.gov/country-commercial-guides/united-kingdom-import-tariffs

You cannot place tariff on others and start crying wolf when it is reciprocated.

Pls with proof and no emotions, show me one of those countries slammed with tariffs that have not imposed tariffs one way or the other on US goods.

nedekid:
What if the US has no goods it can export at competitive prices?

It has goods to export, but those countries placed tariffs on US goods, causing the trade deficit.

blamingthedevil:
Let me share some insight with you—manufacturing is no longer a competitive advantage for America. The U.S. simply can't compete in this sector anymore and should instead focus on maintaining its edge in services. Even if a 100% tariff is imposed by Trump, goods manufactured in Asia would still be cheaper than those produced in the U.S. Curious to know why.

Ignorance speaking. If a cup of tomatoes is $10 in the US and an Asian cup of tomatoes is $6. When 100% tariffs are implemented, the Asian tomatoes will cost $12.

Why do you think used imported cars to Nigeria cost more despite being sold in the US and other countries for a little above $1k or less depending on the make and specs? Because of the tariffs placed on those goods.

lexy2014:
If that is the case and the trump government is sure it is doing the right thing, why is the treasury secretary warning countries not to retaliate?

Course they will impose more tariff. The US is the biggest market for these guys. Yet they place high tariffs on US goods, creating huge trade deficits.

blamingthedevil:
The most useless idiotic US administration in history. A country being led by felon

Little kid. Crying won't change anything. Abi is it this rubbish Nigeria is doing? Allowing its neighbors to owe gas and electricity fees, import less from it, and export more to us. Every country should put in policies that will benefit its manufacturers.

affable4:
This is pure Bullying in broad daylight!

Little kid, what do you know? Go and watch Sponge Bob.

God1000:
Something is fundamentally wrong with these people, government of clowns

Little Muslim kid. In 2024, the United States experienced a goods trade deficit of approximately $295.4 billion with China, marking a 5.8% increase from the $279.4 billion deficit recorded in 2023..

This is china alone... Let's start checking other countries.

Mystic216:
America would have done same if reverse is the case

So may their souls rest in peace

Try dhe read.

I need a custom mobile app for iOS and Android. Pls reach out to me at Joshkaynard@gmail.com, so I can tell you what I need, then you give me the cost and we can start right away.

netmillionaires:
You called someone a little kid yet showed one direction understanding of an issue. Does abandoning the USD mean trades will be done in each country's currency?

Other countries can simply adopt another unified currency like the BRIC proposes. Why is the US always jittery when others try to adopt a different unified currency?

It will not be easy at first because of trade disruption as a result of over 50 years of adoption of the USD. But the world will move on in 10 to 20 years.

You have nothing to lose. Hence, your poor reasoning. Do you think big corporations or wealthy men want to stay on hold for 10 to 20 years? Stop emotional argument. Go and read online and see that China and Russia haven't been able to dump the dollar 100%.

Brics is made up of only 3 reasonable countries... The rest are babies. If they adopted another currency, how would they trade with Europe, the Middle East, and most of Africa who would not have adopted the currency? Countries like Saudi and UAE have signed a pact to keep selling oil in USD.

Even Iran that burns Israel flags and US flags—chanting death to them both—uses USD more than their currency which has lost value due to sanctions.

Pls, read before you engage me. I don't make emotional comments, but factual comments. Thanks!

uniquetechng:
I am in supporting of Trump cutting of such fundings to reduce deficit.

Then we are on the same side. Enjoy your day!

uniquetechng:
it's hard to educate kids like you, EU total funding to the UN funding system in 2022 for instance was just 6% , please do well to find out how much US alone contributed that year being the largest funder of the UN.

It may also interest you to know that non state actors like foundations and NGO that contributes to the UN's first 45 are from the US with the Bill and Melinda Gates Foundation being the highest contributor, none is from Russia or China.

Selective analysis. How about 2023? 2024? The US is a world power, hence the big spending which has laid them into debt. Thanks to Trump's reforms, most of that cost will be cut.

China has stepped up funding recently to boost its position since its hold is met with mixed reactions as compared to the UN is the US's home turf.

uniquetechng:
Organizations like UN and WTO were not formed for Africans only, we're they ?

What is your take exactly... In support of Russia or USA?

Izuchukwu70:
What do you know? If USA don't want to fund it's 11% then let them allow other countries to stop using $$$ dollars as reserved currency of the world. The moment this stops America is gone. That's why Trump is threatening to sanction BRICS countries.

Little kids. Other countries can not stop for a simple reason.

When you export as a Nigerian to Ghana, you will be paid in cedis. Now, what can you buy in Nigeria with cedis? Vice versa, a Ghanaian exporting to Nigeria and getting paid in naira.


This is the reason why China and Russia have not dumped the dollars 100%. Because it is readily available in countries that don't have equal exports and imports from them—covering the deficit.

uniquetechng:
List major organizations funded by Russia, I am waiting.

And military exchanges are not caprured in this category as those are bilateral agreements between two nations to share military informations.

US has been the major funder of all major organizations like WTO, UN and so on for over 50 years. Even the countries abusing US like SA receives billions of USD in aides from the US annually, Nigeria is also not left out.

Another emotional fact-absent take. Russia funds WHO, the UN World Food Programme (WFP), and the World Bank among others.