₦airaland Forum

chopnaira:
All reputable economists and media houses are calling it a trade war. Nairaland is just reporting it as a forum.

Glare247:
Stop saying trash ,Canada suplys part of USA electricity ,a retard was elected ,and he feels d best way is to fights it's neighbours all in d name of stoping drug movement withing d borderline ,as he dealt with increasing gun violence in USA every minutes ? Trump is a retard ,pure and simple

Stevenbright:
He knows the consequences of the US going into full fledged economic war with China. That is why he levied 25% tariff on both Canada and Mexico but just 10% on China!

DoctorAyukebot:
Frankly he articulately nailed the piece with facts, devoid of the usual emotional, religious and tribal dictum that dictates most posts on Nairaland. As expected he didn't have as many likes as those who wrote jargons. Says alot about the average Nigerian..

BabaIbo:
You are a funny being if you say the comment is devoid of emotion, you and the guy that made the so-called articulate jarg ons actually knows nothing.

Trump is not a fo ol to not have slept over this act before taken it, or you think in your mind he will purposely throw his beloved USA under the bus?

Do you think he is dumb?
Or you think you and the other person are the wisest?

In cases like this, you can not be so sure because you don't really know the real motive behind his actions.

One thing I am sure about this action of his, is that USA will come out better at the end of it.

This action or plan of his has been in his mind right after the covid moment, and he did not hid it even when it was glaring it will cost him his return to the White House then.

Person dey try achieve something but Una dey rant for nairaland, una for use these una wisdom take upgrade una country.

iichidodo:
[color=#1986BC] If Canada and Mexico should team up, it will have devastating consequence to the American economy with China at the background to dominate the world economy and tech...[/color]

DoctorAyukebot:
Another emotional ignoramus...

djon78:
The entire world economy should better prepare for Economic recession


Ngozi Okonjo iweala in Davos world economic forum warned world leaders of retaliation in these tariffs war

She warned that it will affect all the econic gains made post pandemic era

Now it's just beginning

EU have warned that if the white house imposes tarrif on European goods
They will retaliate

A recipe Ngozi Okonjo iweala was warning about
Which will affect the global economy


Uncle Trump abeg take am easy biko

DJInfluence:
The countries should join forces and impose similar tariffs on America goods and services let's see if they won't feel the pinch too.

AbuTwins:
WW3 awaiting!

BadBradley:
doesn't matter.

Kiss the truth. If you're an African and you hate Trump, the odds are than it's visa and travel restrictions related.

Dogalmighty17:
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years.

Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious.

It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored.

If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this . Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer.

This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide.

There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is and idiot.

chrisdstar:
Trump has been moving like someone that wants to start a world war since he was sworn in. When he's done fighting with all the US allies, he'll understand that one man can't stand alone.
By the time all these nations resolve to start trading in their local currencies like BRIC and seeking China as an alternative, Trump would have succeeded in making China the Economic capital of the world and trust me, that's a position China will never give up easily.

iichidodo:
[color=#1986BC] If Canada and Mexico should team up, it will have devastating consequence to the American economy with China at the background to dominate the world economy and tech...[/color]

Lush100:
It soared becoz China knows Trumps increase was coming.
Better to get them in b4 Trumps tenor.
It's a business decision not a feeling.
When about 50 % of your revenue comes from a place u can't joke with it.
The increase in price will lead to lower demand. Alternative product which is still from China will be sought. So China will still want to sell to the US.

Again the alternatives from other countries will be more expensive than China but depending on how the negotiation goes.
See most Chinese companies want the US market.

China will try to reroute thru Mexico or China which are also on Trumps list.
So it's a loss loss situation for all of them including the US.

Trump was the upper hand leverage that's all.

SIRTee15:
Canada will feel the tariff hit most.

China cant even be bothered. China is now too strong and economically too powerful to be bullied by some nonsense tariff. Americans would be the ones to pay for the tariff imposed on Chinese imports.
The tariff import Trump levied on china in his first tenure is still there, Biden increased it yet china export to USA soared from 450 to 560 billion dollars within same period. 10% tariff will change nothing.
It will take more than tariff to shift manufacturing away from china.

25% tariff on Mexico import is the most foolish decision of all. Most American companies manufacturing in Mexico are those who moved their factories from china to be closer to home.
These companies produce some of their cheaper products in Mexico so they can stay competitive. It's an integrated manufacturing assembly line btw Mexico and USA.
The truth is if USA wants to move his manufacturing back home and remain competitive, they NEED MEXICO.

SIRTee15:
Trump has no leverage against any country except Canada.
more than tariff for manufacturing to come back.
its not even about the cost of manufacturing but the intensive integrated value chain and cut throat competitiveness that comes with manufacturing, right from the natural materials to final products.

Americans and the west no longer have that advantage and the ship of manufacturing has set sail to the EAST long time ago.
for the west to snatch it back, they need to reinvent the manufacturing wheel again- a kind of disruptive innovation in the whole manufacturing industry just like they did in the 19th century.
anything apart from above is a waste of time.

ctricity export from his region to USA.

THEDEEPSIGHT:
While kicking out the cheap labour right? He should ride on.
You are right - nothing is taking manufacturing away from China in the next 1000 years.

RandomFellow:
You're just an idiiot! 🚶🚶🚶

SIRTee15:
Trump has no leverage against any country except Canada.
most countries will simply ignore him if he continues to constitute nuisance with his tariff tantrums.
best is they will wait out his 4 years tenure.
no manufacturing is coming back to USA, those days are gone.
It will take more than tariff for manufacturing to come back.
its not even about the cost of manufacturing but the intensive integrated value chain and cut throat competitiveness that comes with manufacturing, right from the natural materials to final products.

Americans and the west no longer have that advantage and the ship of manufacturing has set sail to the EAST long time ago.
for the west to snatch it back, they need to reinvent the manufacturing wheel again- a kind of disruptive innovation in the whole manufacturing industry just like they did in the 19th century.
anything apart from above is a waste of time.

The only reason Canada will be worst hit is because they will be afraid to hit america hard where it hurts- energy and elcetricity.
Let Canada cut out electricity to new york and other northwestern state and see if this issue wont take another dynamic
FYI ontario premier already said he may be forced to place embargo on electricity export from his region to USA.

fergie001:
United States President , Trump posted on social media that the tariffs were necessary “to protect Americans,” pressing the three nations to do more to curb the manufacture and export of illicit fentanyl and for Canada and Mexico to reduce illegal immigration into the U.S. The action fulfilled one of Trump’s commitments to voters but threw the global economy and Trump’s own political mandate to lower prices into turmoil.

Trump’s order includes a mechanism to escalate the rates charged by the U.S. against retaliation by the other countries, raising the specter of an even more severe economic disruption.



The White House

CANADA, MEXICO & CHINA respond:



Justin Trudeau
Outgoing Prime Minister of Canada





David Eby
Premier, Province of British Columbia, Canada




Claudia Sheinbaum Pardo
President of Mexico




China's Ministry of Commerce


In his reaction, the Governor of Texas, Greg Abbott responded to Trudeau's, press conference;



Governor of Texas

patrickcollins:
The thing surprise me say Economy of state of Texas is bigger than whole of Canada, or is Texas Governor just massaging his ego with unverifiable claims

Lush100:
My last statement was supposed to read

Trump wants a leverage.

No.buiness can wait out a four year.
None.

Ask any business person

tctrills:
Not really. Both nations need the American market more than America needs them. And both economies are way too small to shake the US.
When you export products that are not unique or spectacular, you have zero control over the market but when you are the world's biggest market, you control everything

SIRTee15:
For real!!!!
You think it's easy to set up manufacturing within few months.
Sometimes factories takes years to build. Not to take of logistics and other integrated value chain to keep the manufacturing running.
Samsung built a factory in Arizona 4 yrs ago as a result of all these tariff issue. It's yet to be completed and not one piece of product is yet to be produced.
.I will advise U to talk to U to people in production business. I don't think U understand the scale involved in manufacturing.

Besides it's just impossible to fully built in America. It's too expensive and impractical.

FYI most made in American products today exit and enter America at least 2ce or 3ce during their phase of production b4 final completion. It's a to and fro production cycle btw America and Mexico.
That's why it's very foolish of him to place tariff on Mexico.


Most countries will simply wait it out if they think the next govt will reverse the tariff policy.
No business man will throw money into an unprofitable venture just because of political knee jerk response.

N.B I'm a Donald Trump fan but I don't support him blindly. That's the difference.
Anyway it's better America wage economic war than engage in useless political or military war.
That's the only reason I prefer trump's style of govt.

bepositive11:
WW3 is ongoing. It's being fought without guns.

Equitty15:
so who can actually shake America? It’s not possible that they can stand alone. From my understanding, he’s also hiking tariffs on EU trades. This means he’s technically fighting China, EU, and his neighbors.

Looking4Trouble:
This one is mentally unstable

Dogalmighty17:
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years.

Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious.

It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored.

If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this . Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer.

This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide.

There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is and idiot.

Dogalmighty17:
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years.

Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious.

It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored.

If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this. Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer.

This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide.

There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is an idiot.

Dogalmighty17:
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years.

Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious.

It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored.

If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this . Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer.

This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide.

There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is and idiot.