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US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) - Foreign Affairs (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsUS Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) (28504 Views)

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Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Jovi10: 8:43am On Nov 03, 2024
LibertyRep:
That's what a leader should do.

Protect the interest of your country at all times.

No two ways about it.

Even those that go to war largely do so to protect the interest of their country.

It may seem harsh and unfair to the side, but it is what it is. The stronger feed on the weaker in the world's waters full of sharks.
And other countries interest should not be respected abi or other countries don't have a say? Remind me what colonialism is again?
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Jovi10: 8:46am On Nov 03, 2024
fortunez1:
America has the greatest minds out there because of there closeness to Israel so dethroning them now is just a folktale. America will ever remain untop and better , soon China trade and bet road will fail.
I support Brics formation but will never dump West for Brics countries may be because of there authoritarian system governance, I prefer democratic settings.
Putin wiped all opposition's against him before our very eyes .
North Korea did same
We saw on set how Xi securities dragged an ex Chinese President out of a very important political conference.
Iran equals worst amongst them
And so goes to almost 80% nation's involved in BRICS formation and if they become successful these political leaders will never hand over power to no body again and the world will go back to Authoritarian System of govt. Where one man decision is the highest authority and law.
Lol so to you the USA practices democracy?
This statement that he will increase tariffs on countries and sanction countries who want to abandon the dollar is democracy shey?
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by cococandy(f):
udemzyudex:
Pls explain how it will make things more expensive.
If Trump imposed tariffs on Chinese products, by definition, tariffs are paid by the buyer not the seller.
American companies buying the goods have to pay those tariffs in order to be able to bring in their goods to the country. They will have no choice but to hike up their prices to cover the cost of importation.

He was saying he’d put 200% tariffs on Chinese imports. Meaning an item that cost $1000, will now increase exponentially from $1000 to whatever the 200% tariff paid to bring it in adds to the cost.

He’s actually not a smart man at all. A Business man that filed bankruptcy 6 times. Overinflated his net-worth to get more loans from banks. Loans that he didn’t use to do anything successful. I’m just surprised people are easily bamboozled by his empty ignorant loud talking.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Jovi10: 8:51am On Nov 03, 2024
udemzyudex:
When the produce where do they want to sell to?

China biggest market is US, they all benefit from America so what's your point?
How many continents are in the world? The USA is a very small fry amidst the other continents.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by DaddyCoool(f): 8:52am On Nov 03, 2024
[url][/url]⁷
ehikwe22:
So sad that lame screenshot is what you got from my comment. America as a country became lazy and stopped working. They were once upon a time the most creative country. Leading in scientific research and innovations but after they allowed the zionists overrun their government with all that lobbying and sht, they lost control of their own government. Now all they're interested in is how to project power, print dollars to fund wars for their military complex, take billions from jewish lobbyists and install leaders that put jewish interest above American interest, inflate their budgets especially the military budget by more than 100x and line up the pockets of a few people and get themselves into unimaginable numbers in debt

No great scientific breakthrough. Other countries are making progress while they're moving backwards scientifically. Other countries are creating infrastructure while American infrastructure keeps decaying. American strength now lies on only one thing - the petrodollars. This keeps them on a very vulnerable position.

I can go on and on
This is ridiculous. Total fantasy in your head.
Mention creative things on this internet we're using right now that are not from US.
Nobel prize winners this year and every year, see below.
This threat by Trump is TOTALLY unnecessary. The world CAN'T abandon dollar for a very long time

Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by mushroomFarm: 8:53am On Nov 03, 2024
Sheuns:
He’s only protecting his country’s interests. That’s what people patriotic and loyal to their nation do.
Exactly. But this is Nairaland full of dumb people. If Nigeria has a leader who prioritizes the interest of our nation like this, we won't be in all these mess
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WrriterNg:
DaddyCoool:
This is dumb. "The customer is always right". "The customer is the boss, not the seller"
Why do you think China never dares ask US to pay back the massive debt they owe China but always disturbing African countries?
Trump is playing politics. This threat is TOTALLY unnecessary. The world CAN'T abandon dollar for a very long time - same way it is hard to abandon Twitter even if you hate Elon Musk
So if you come to my shop to buy something and I tell you I don't collect old naira notes, you'll force it on me right?

I already gave a solid example of how Russia declined US dollars in selling oil and ordered all EU countries to pay in Rubles and they all did, since 2022 till now that law has been in effect. They cuss and swear at Russia but they still pay for oil in Rubles.

Saudi, China, UAE, India, Malaysia, Singapore and a whole lot of others ll sold oil, gas, consumer goods in local currencies. But you're here arguing when you could just look it up.


The seller determines the conditions of the sale.

When the FG banned Twitter for a whole year did anyone die? Twitter had to beg the FG and agree to all the conditions set by the Buhari administration before they lifted the ban.

Twitter, Apple, Instagram, Google, Facebook have all been banned so many times in several countries in the past years and nothing happened. Everything you mentioned can all be replaced by local companies.

Continue sleeping my friend, let me know when you wake up.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by StraightGaay: 9:01am On Nov 03, 2024
condralbedez:
For wherehuh
He has no idea what's happening in the nation.
But Trump is.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by udemzyudex(m): 9:01am On Nov 03, 2024
cococandy:
If Trump imposed tariffs on Chinese products, by Dec tariffs are paid by the buyer not the seller.
American companies buying the goods have to pay those tariffs in order to be able to bring in their goods to the country. They will have no choice but to hike up their prices to cover the cost of importation.

He was saying he’d put 200% tariffs on Chinese imports. Meaning an item that cost $1000, will now increase exponentially from $1000 to whatever the 200% tariff paid to bring it in adds to the cost.

He’s actually not a smart man at all. A Business man that filed bankruptcy 6 times. Overinflated all worth to get more loans from banks that he didn’t use to do anything successful. I’m just surprised people are easily bamboozled by his empty ignorant loud talking.
Lol... Funny, if that's the case why did the Biden administration maintain the added tariffs from Trump administration and even added tarrifs on steal and medical supplies and even 100% tarrifs on Chinese EV.


You can't be benefiting from US and don't want it to go both ways, tarrifs on imported goods helps domestic product too.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by LibertyRep: 9:01am On Nov 03, 2024
Jovi10:
And other countries interest should not be respected abi or other countries don't have a say? Remind me what colonialism is again?
Every country should defend her interest.
That's my point.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by ehikwe22: 9:03am On Nov 03, 2024
DaddyCoool:
[url][/url]⁷

This is ridiculous. Total fantasy in your head.
Mention creative things on this internet we're using right now that are not from US.
Nobel prize winners this year and every year, see below.
This threat by Trump is TOTALLY unnecessary. The world CAN'T abandon dollar for a very long time
You're honestly out of touch with reality. If you don't already know what I said in that comment you mentioned, then it's a waste engaging with you
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by NOETHNICITY(m): 9:12am On Nov 03, 2024
LibertyRep:
That's what a leader should do.

Protect the interest of your country at all times.

No two ways about it.

Even those that go to war largely do so to protect the interest of their country.

It may seem harsh and unfair to the side, but it is what it is. The stronger feed on the weaker in the world's waters full of sharks.
It is wrong to protect your country’s interests at the expense of other countries

If every country embarks on same part, we will never have an end to wars
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by LibertyRep: 9:15am On Nov 03, 2024
NOETHNICITY:
It is wrong to protect your country’s interests at the expense of other countries

If every country embarks on same part, we will never have an end to wars
Maybe this is why there's an endless cold war amongst these nations.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Peacecore: 9:21am On Nov 03, 2024
Sheuns:
He’s only protecting his country’s interests. That’s what people patriotic and loyal to their nation do.
You people can defend rubbish
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by NOETHNICITY(m): 9:30am On Nov 03, 2024
LibertyRep:
Maybe this is why there's an endless cold war amongst these nations.
All through history this is the very reason why there are wars.

But it is wrong for us to be justifying it by saying that that is what ‘leaders do’.

There should be freedom to trade with whatever you have to trade with

We Africans must stop being in chains and be defending our white oppressors
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by blacksam01: 9:36am On Nov 03, 2024
WrriterNg:
Common sense should tell you that the US is even more vulnerable if it is just a purchasing economy and not a production economy.

What happens when those countries the US buys from demand that the US buy it with their own local currency?? Just like Russia forced the EU to buy Russian gas in Rubles. The seller make the rules, not the buyer.

What happens then?

Americans would suffer greatly if the world abandons the US dollars.
The US produces everything in the world, every damn thing... But we all still need to do international trade because in of the laws of comparative advantage.... See, inter trade is just necessary but not compulsory
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by blacksam01: 9:47am On Nov 03, 2024
ALTERNATEID:
They can afford to buy so much because they control the dollar which is the global currency for trade. Once that changes, they won’t be able to buy that much again. In the king

run, they will be the loser. Take the dollar dominance away and no one will need to rely on the US again.
People don't depend on the US because of the dollar... The US weild much international influence because of it's vast amount of investment over the century... take for example, one of the largest capital based bank in china history which is private is called HSBC.. almost like 70% of deals and important financial settlement that concerns chine and entire Asia pass through that bank...

It is a clean bank, set up in London during the UK government control of Hong Kong.. business people world over trust the bank.. and plenty EU and US investment in the core financial base of the bank that makes it thick..

Now if u are a Chinese local drone producer or a bag seller.. and wants to do international trade cu someone from Russia demanded ur goods.. u would more likely use HSBC which are well connected to almost every bank that matters in the world..

Now the US sanctions Russia and announced a stiff penalty for firms which does business for china... The local drone producer in china does not know anything about the factions or the Us but his bank will refuse a transfer from Russia to him.. meaning that the US has reached him...

Again, he may not b able to sell his bag or from into the US or EU.. cuz in those markets he gets to sell same drone he sells in china for 150 dollar for 900 Dollar... Making those markets his most lucrative...

The US well connected financial structure round the world is it's strength and not the dollar...the dollar is just a currency in of choice..preferred cuz it's mostly stable to weight comparable values of goods
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by blacksam01: 9:51am On Nov 03, 2024
Telsa has for the first time been overtaken in revenue by an rival Chinese EV ( electric vehicle ) maker , bYD, guess what bYD is 70% owned by an American billionaire warren Buffett... He saw the dream and the fire of the then start up and invested heavily when no one thought much if it...

So America is number one and two in EV race... Only one pride itself as chinese
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by nighthawk1: 9:53am On Nov 03, 2024
On this I disagree with Trump. For emerging economies especially out of Africa need their own unified currency of exchange that is not the US dollar.

Europe has theirs, Asia and Africa should have theirs too. Fair is Fair
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by LibertyRep: 9:58am On Nov 03, 2024
NOETHNICITY:
All through history this is the very reason why there are wars.

But it is wrong for us to be justifying it by saying that that is what ‘leaders do’.

There should be freedom to trade with whatever you have to trade with

We Africans must stop being in chains and be defending our white oppressors
There's no defending white oppressors here.
Leaders defend the interest of their countries at times, irrespective of what the other party feels.

African leaders too should grow some balls and put the interest of their nations first in all dealings, instead of personal interest they often push.

They don't play fair in that spectrum
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WrriterNg: 10:01am On Nov 03, 2024
blacksam01:
The US produces everything in the world, every damn thing... But we all still need to do international trade because in of the laws of comparative advantage.... See, inter trade is just necessary but not compulsory
😂 Hahahahahahahaha..... What?!!


70% of consumer goods in the US is produced in China. The remaining 30% comes from Asia & the EU.

The US is a service economy not a production economy.

There's a popular saying that the American dream is made in China. Even the MAGA republican hats worn by Donald Trump was made in China.

The US buys more than it sells. Over $600 billion imports and $300 billion exports.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Honor10: 10:04am On Nov 03, 2024
kingbee90:
Stop watching CNN. You are really misinformed.
Just shatap! You too stop watching Fox news.

Why are you supporting Trump that hate you just because of your skin color, talk of Stockholm syndrome, I am sure you are igbo. Nonsense
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WrriterNg: 10:06am On Nov 03, 2024
blacksam01:
Telsa has for the first time been overtaken in revenue by an rival Chinese EV ( electric vehicle ) maker , bYD, guess what bYD is 70% owned by an American billionaire warren Buffett... He saw the dream and the fire of the then start up and invested heavily when no one thought much if it...

So America is number one and two in EV race... Only one pride itself as chinese
You're a big fat liar.


Chuan Fu Wang is the owner and CEO of BYD. Also the largest shareholder. Not a single American own shares in BYD.

America is 3rd in the EV race. China is 1st and 2nd. No one comes close.

The largest Tesla factory is in China.

Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by blacksam01: 10:06am On Nov 03, 2024
WrriterNg:
😂 Hahahahahahahaha..... What?!!


70% of consumer goods in the US is produced in China. The remaining 30% comes from Asia & the EU.

The US is a service economy not a production economy.

There's a popular saying that the American dream is made in China. Even the MAGA republican hats worn by Donald Trump was made in China.

The US buys more than it sells. Over $600 billion imports and $300 billion exports.
Do u know why people can produce a goods and still buy in from a foreign country ..? It's cuz of the law of comparative advantage... China have this advantage over most countries...

Okay do u want to say that the US can't produce a hat..? A bike..? A shoe..?

Now u are back to what I said..the US produces everything...
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by blacksam01: 10:10am On Nov 03, 2024
WrriterNg:
You're a big fat liar.


Chuan Fu Wang is the owner and CEO of BYD. Also the largest shareholder. Not a single American own shares in BYD.

America is 3rd in the EV race. China is 1st and 2nd. No one comes close.

The largest Tesla factory is in China.

Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by blacksam01: 10:11am On Nov 03, 2024
WrriterNg:
You're a big fat liar.


Chuan Fu Wang is the owner and CEO of BYD. Also the largest shareholder. Not a single American own shares in BYD.

America is 3rd in the EV race. China is 1st and 2nd. No one comes close.

The largest Tesla factory is in China.

Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by SenecaTheYonger: 10:26am On Nov 03, 2024
People don’t understand what US sanction is. They think it’s just USA you can’t do business with. SMH. The list of country you can’t do business with is vast bro.

And these countries are loyal to USA because of military and financial supports from USA.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by sirgalahad26(m): 10:30am On Nov 03, 2024
US would end up feeling the heat at the end cheesy
They'll end up being virtually isolated
Chest beating like they don't rely on these countries heavily
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WrriterNg: 10:34am On Nov 03, 2024
[quote author=blacksam01 post=132712720][/quote]So just $230 million in 2008 that he probably sold is why you named him the largest shareholder? Lmaooo
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by NairaMaster1(m): 10:36am On Nov 03, 2024
WriterNig:
The US will end up sanctioning itself into a corner, into isolation.

Even their best buddies the EU had to create their own currency (€) to safeguard against the dollars. What makes them think the rest of the world won't?
But the EU is still using the dollar, chief. The Euro is for regional integration and not against dollar. BRICS is a malicious move unlike the Euro.

SOUTH AFRICAN case is like small nyash the shake.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WrriterNg: 10:36am On Nov 03, 2024
[quote author=blacksam01 post=132712704][/quote]This info looks outdated. Check from 2023.
Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WrriterNg: 10:38am On Nov 03, 2024
[quote author=blacksam01 post=132712704][/quote]Less than 10% shares if you combine all of them.
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