₦airaland Forum

https://www.youtube.com/watch?v=Wy_s1PxZNY0

President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House.

Following are highlights of Trump's remarks:
* "In many cases, the friend is worse than the foe in terms of trade," Trump said.

* "We subsidize a lot of countries and keep them going and keep them in business," Trump said about trade partners, specifically Mexico and Canada. "Why are we doing this? I mean, at what point do we say you got to work for yourselves."

* "We are finally putting American first," Trump said.

* "Trade deficits are no longer merely an economic problem. They are a national emergency," Trump said.

* Trump held up a board showing the new rates charged on most countries. Rates ranged from 10% to 49% on the first board and up to 50% on later boards.

* With a few exceptions, based on the charts Trump read out, the tariff rate being imposed by the U.S. on most countries was around half of what those countries charged. There were some exceptions in which the U.S. charged the exact rates that those countries charged, according to the chart.

* "This is not full reciprocal, it is kind reciprocal," Trump said.

SOURCE

Countries on the chart displayed by Trump

Algeria 30%
Oman 10%
Uruguay 10%
Bahamas 10%
Lesotho 50%
Ukraine 10%
Bahrain 10%
Qatar 10%
Mauritius 40%
Fiji 32%
Iceland 10%
Kenya 10%
Liechtenstein 37%
Guyana 38%
Haiti 10%
Bosnia and Herzegovina 35%
Nigeria 14%
Namibia 21%
Brunei 24%
Bolivia 10%
Panama 10%
Venezuela 15%
North Macedonia 33%
Ethiopia 10%
Ghana 10%
China 34%
European Union 20%
Vietnam 46%
Taiwan 32%
Japan 24%
India 26%
South Korea 25%
Thailand 36%
Switzerland 31%
Indonesia. 32%
Malaysia 24%
Cambodia 49%
United Kingdom 10%
South Africa 30%
Brazil 10%
Bangladesh 37%
Singapore 10%
Israel 17%
Philippines 17%
Chile 10%
Australia 10%
Pakistan 29%
Turkey 10%
Sri Lanka 44%
Colombia 10%
Peru 10%
Nicaragua 18%
Norway 15%
Costa Rica 10%
Jordan 20%
Dominican Republic. 10%
United Arab Emirates. 10%
New Zealand. 10%
Argentina 10%
Ecuador 10%
Guatemala. 10%
Honduras 10%
Madagascar 47%
Myanmar (Burma) 44%
Tunisia 28%
Kazakhstan 27%
Serbia 37%
Egypt 10%
Saudi Arabia 10%
El Salvador 10%
Côte d'Ivoire 21%
Laos 48%
Botswana. 37%
Trinidad and Tobago 10%
Morocco. 10%

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Keep the show going for your fans.But there's is no crime in doing your job with decency and modesty.

WHAT IF NO BODY BUYS AMERICAN GOODS.

He go soon tire. Continue.

My man

No tariffs for Russia 🤷🏿‍♂️

No more free lunch or unfair trade balance.

Lol Mr Ritheousness Come turn Trump to god wey he come dey worship pass the real God......



I wish everybody well....

In Nigeria, our govt collect as high as 50% tariffs on some imports even though we don't have homemade alternatives on ground.

It will also affect America. It's a double edged sword

Federalis:
He go soon tire. Continue.

He should pray hard that the American dollar isn’t targeted. I love America a lot as it is a land of opportunities, I hope the “a tree can make a forest” stance Trump is taking doesn’t hurt them.

Trump is dull sha

Putting ur country first before personal agenda

DT

Tfman

The man is finally going to kill the
US America 🇺🇸 economy..


We shouldn't forget that as a businessman,
this man has declared 6 bankruptcies.


Na the same sense him don bring on national
and global level in starting a world economic war.

Na Americans go hear am pass 👎 😑

fergie001:

https://www.youtube.com/watch?v=Wy_s1PxZNY0


SOURCE

Countries on the chart Trump displayed



PREVIOUS THREAD:
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Which country is Chana You wrote China and under it you wrote Chana !!!

there is no nigeria on the list.

Since countries have sworn not to leave Dollar alone. You haven't seen anything, including Nigeria.

If you you I don't like it go do business with Russia or China and wait. America is left and right now. When the left come in they will be more liberal. With the right it's the opposite..be conscious to know the America you are dealing with. That's not America that's you.


America is all you u have got for now. China is racist, you can't socially Integrate with them beyond a point so is Germany, japan or Russia. We are not just business people we are social people. Any society that does not offer the full human experience you can not deal with them extensively.

It's fair enough

Trump is a leader

Most countries have not been fair to them in terms of tariff and he is just responding as a responsible leader.

Honestly the US are the victim here. He is not even doing a reciprocal he is doing half of what the other countries are doing to the US.

This is leadership.

Is d world now to bow to USA. I mean, if d US put high tariff on world goods to d US, d world should do same to goods 4rm US too. I don't understand hw one country would want to hold d whole world hostage wit trade war. Abi God create d world to serve AMERICA

[quote author=fe.rgie001 post=134824014]
https://www.youtube.com/watch?v=Wy_s1PxZNY0
US President Donald Trump has slammed a 14 percent reciprocal tariff on all Nigerian goods entering the US as the much talked about “Liberation Day” tariffs comes into effect, News360 Nigeria reports.

Trump had said that countries would face a tariff rate at half the level they charge the US, as deemed by the White House, with a minimum tariff rate of 10 percent, saying that the calculation included non-monetary trade barriers and currency manipulation.

The 14 percent tariffs imposed on Nigeria, according to Trump, is against 27 percent charged to the US by Nigeria.

The new tariffs, which affected 185 countries, has therefore, ended months of anxious wait and uncertainty, which had plummeted stocks around the US, Europe and Asian markets.

The moves today are the latest escalation of a trade war that also includes plans to impose 25 percent tariffs on all foreign-made vehicles this week.

Accordingly, Trump slammed a baseline tariff of 10 percent across all countries, while upping the duties for various partners whom he described as bad actors with country like Lesotho getting as much as 50 percent levies on their exports to America.

While unveiling the tariffs, Trump stated he could have gone higher by imposing higher tariffs to match what each country charges to US.

“The tariffs will be not a full reciprocal,” he said. “I could have done that, yes, but it would have been tough for a lot of countries who didn’t want to do that.”

Auto tariffs of 25 percent will go into effect tomorrow as planned.

Vanguard had reported that Nigeria’s total N4.59 trillion exports to the United States may be threatened as a result of the new tariffs.

But commenting on the tariff imposition, Mr. David Adonri, Vice Chairman, Highcap Securities, posited that American consumers would bear the brunt of the new tariff “if the goods Nigeria exports to the US have high price elasticity of demand”.

“President Trump is increasing the tariffs to discourage imports and reinvigorate domestic production.

The increase in tariffs may not adversely affect Nigeria’s export to the US because they are mainly tropical agricultural produce.

“US trade with Nigeria is not significant, hence increase in tariffs may not affect Nigeria’s exports,” he said.

“With increasing volume of importation of crude oil by Dangote Refinery, the trade balance may be in favor of the US now.

“If the goods Nigeria exports to the US have high price elasticity of demand, the Americans will bear the extra cost arising from the tariff hike,” Adonri added.

SOURCE

Countries on the chart displayed by Trump
Algeria 30%
Oman 10%
Uruguay 10%
Bahamas 10%
Lesotho 50%
Ukraine 10%
Bahrain 10%
Qatar 10%
Mauritius 40%
Fiji 32%
Iceland 10%
Kenya 10%
Liechtenstein 37%
Guyana 38%
Haiti 10%
Bosnia and Herzegovina 35%
Nigeria 14%
Namibia 21%
Brunei 24%
Bolivia 10%
Panama 10%
Venezuela 15%
North Macedonia 33%
Ethiopia 10%
Ghana 10%
China 34%
European Union 20%
Vietnam 46%
Taiwan 32%
Japan 24%
India 26%
South Korea 25%
Thailand 36%
Switzerland 31%
Indonesia. 32%
Malaysia 24%
Cambodia 49%
United Kingdom 10%
South Africa 30%
Brazil 10%
Bangladesh 37%
Singapore 10%
Israel 17%
Philippines 17%
Chile 10%
Australia 10%
Pakistan 29%
Turkey 10%
Sri Lanka 44%
Colombia 10%
Peru 10%
Nicaragua 18%
Norway 15%
Costa Rica 10%
Jordan 20%
Dominican Republic. 10%
United Arab Emirates. 10%
New Zealand. 10%
Argentina 10%
Ecuador 10%
Guatemala. 10%
Honduras 10%
Madagascar 47%
Myanmar (Burma) 44%
Tunisia 28%
Kazakhstan 27%
Serbia 37%
Egypt 10%
Saudi Arabia 10%
El Salvador 10%
Côte d'Ivoire 21%
Laos 48%
Botswana. 37%
Trinidad and Tobago 10%
Morocco. 10%


PREVIOUS THREAD:
https://www.nairaland.com/8385266/us-tariffs-hit-all-countries#134784249[/quote]Signed, sealed, delivered to 185 countries of the world.

The minimum U.S. reciprocal tariff across board is 10%, while 14% is the U.S. reciprocal tariff imposed on Nigeria... That's within manageable limits. The small Southern African country of Lesotho got whipped with the highest reciprocal tariff of 50%! The European Union got 20%. We'll see how things pan out in the medium to long-term.

Interesting

jaxxy:
No more free lunch or unfair trade balance.

The man has just destroyed the US economy.

His tariffs the last time destroyed more jobs than it created. This time it will completely destroy the US economy.

fergie001:

https://www.youtube.com/watch?v=Wy_s1PxZNY0


SOURCE

Countries on the chart displayed by Trump



PREVIOUS THREAD:
https://www.nairaland.com/8385266/us-tariffs-hit-all-countries#134784249

Vietnam charged over 40% will lead to high cost of clothings the US. Many US clothing companies produce their wears in Asia

grandstar:
The man has just destroyed the US economy.

His tariffs the last destroyed more jobs than it created. This time it will completely destroy the US economy.

He knows u need the US more than the US needs them. That's his joker card. And cos he holds the cards he will win.

hmm