₦airaland Forum

LordBiden:
Instead of him focusing on how to ease cost of living in the USA by enacting policies that will bring down prices of goods,, he is busy fighting nonsensical trade war.

He should brace up for retaliations from eu countries and china since he wants to be stupid.

American farmers will pay for this.

DriveByKiller:
says an African economic asylum seeker.

Have you checked the cost of living in your country Vs that of the US?

Your inflation rate is in double digits and your currency is worth less than toilet tissue globally.

Ekpa

grandstar:
The US isn't bankrupt. Please provide educated and enlighten answers.

donmik:
You are wrong, pls

LordBiden:
So says the American butt licker,who doesn't know there are millions of Americans that cant afford rent or struggling to pay.

Who doesn't even know millions of Americans will die in debts due to mortgages from houses,cars etc.

DriveByKiller:
says an African economic asylum seeker.

Have you checked the cost of living in your country Vs that of the US?

Your inflation rate is in double digits and your currency is worth less than toilet tissue globally.

Ekpa

LordBiden:
So says the American butt licker,who doesn't know there are millions of Americans that cant afford rent or struggling to pay.

Who doesn't even know millions of Americans will die in debts.

DriveByKiller:
Millions of Americans who can't afford rent.


You must be a discombobulated idiot.

America is not Nigeria

grandstar:
Again, you're focusing on Tinubu rather than focus on the real issue.

Tinubu inherited those tariffs. He did not initiate them. The policy was initiated by the investment minister, Agangan, during Jonathan tenure. Okonjo-Iweala who was the finance minister at the time condemned it. She was never consulted.

If tariffs are "high," it nay be down to the devaluation of the Naira which makes it more expensive to import.

I personally support import duties of 20% max on all finished products. Zero percent on raw material and capital good such as machinery.

Some of Tinubus policies such as that on textiles and steel don't seat well with me. I am for open borders. I am a strong supporter of free trade.

Please note that tariffs are one of the easiest taxes to collect. That is probably why the present governmenr has been fixated that it collects every dime possible. Tariffs and tariff evasion by previous governments could not be divorced. This present government is determined to collect every dime.

grandstar:
Trump will wreck the US economy. You don't use threats of tariffs to bully nations. The best pundits and economists have said. 23 American Nobel laurates in economics have condemned his tariff and mass deportation policies

In addition,he actually wants those tariffs.

He believes that the federal government will earn lots of money by taxing imports.

In addition, he wants to bring back jobs to the USA through tariffs. Tariffs would encourage companies to set up plants in the country.

His tariffs and mass deportation policies are one step forward and 10 steps backward.

Stop believing your own prognosis. Economists have already spoken. Round pegs in round holes.

The US is doomed!

By the way, Buhari is better than Trump any day.

Treadway:
nope, not so fast.

Inherited it and didn't initiate it? Agreed. But it's is pointless to me cos why has he not removed it? He hasn't removed it cos it is beneficial to his 'ministry'. Biden did similar shifty move. He spoke against the tariffs on China then when he wasn't president, then became president and conveniently left it as is. He no remove am. But Trump is back now, everyone suddenly has something to say. Lol

LordBiden:
Lol...seems you know nothing about American then,I thought I was debating with an enlightened fellow,go Google up about homelessness in carlifornia and newyork.

Ernchibyke:
Pls I need clarification
How can a country that slams upto a 50% tariff on US imported goods be crying fowl that the US retaliated by imposing half(25%) of what those countries slammed on them.

Pls economist help

DriveByKiller:
Millions of Americans who can't afford rent.


You must be a discombobulated idiot.

America is not Nigeria

Treadway:
nope, not so fast.

Inherited it and didn't initiate it? Agreed. But it's is pointless to me cos why has he not removed it? He hasn't removed it cos it is beneficial to his 'ministry'. Biden did similar shifty move. He spoke against the tariffs on China then when he wasn't president, then became president and conveniently left it as is. He no remove am. But Trump is back now, everyone suddenly has something to say. Lol

Righteousness2:
President Trump the great Nationalist is not joking at all at all!

One Undisputable fact about Trump is that He Loves His Nation and is not afraid to take bold courageous decisions to put his Nation First before Forming helper of the world while your people are in tears.

LordBiden:
Instead of him focusing on how to ease cost of living in the USA by enacting policies that will bring down prices of goods,, he is busy fighting nonsensical trade war.

He should brace up for retaliations from eu countries and china since he wants to be stupid.

American farmers will pay for this.

Righteousness2:
President Trump the great Nationalist is not joking at all at all!

One Undisputable fact about Trump is that He Loves His Nation and is not afraid to take bold courageous decisions to put his Nation First before Forming helper of the world while your people are in tears.

cococandy:
Oh boy. This one gulped the cool aid

If they wanted American citizens to enjoy social welfare, they’d start by cutting the free billions they give to billionaires in form of tax cuts. That will fund every social program and billionaires will still be hella wealthy. It’s a simple solution but America is run like a business and the shareholders are the billionaires. The most important class of people. They must be catered to even if everyone else dies in the process.

As we’re speaking Trump is waxing more pro war than the previous administrations.
And the fact that you don’t see his team being made up of billionaires as the problem that it is, shows you’re still deep in the trenches of conservative mind washing

LordBiden:
Instead of him focusing on how to ease cost of living in the USA by enacting policies that will bring down prices of goods,, he is busy fighting nonsensical trade war.

He should brace up for retaliations from eu countries and china since he wants to be stupid.

American farmers will pay for this.

CoronaVirusPro:
Same one they have debunked? They are not even close to a trillion! The whole false figures have been pulled down. He now claims to only have saved $140 billion.

With the whole massive layoffs, it accounts for practically nothing considering the amount of debt.

You said Trumpnis cutting down on wars and the defence budget was just inflated after FAILING audit for 10 consecutive years.

Trump does not care about the economy. He is only looking for funds to finance his massive tax cut. If any genuine financial appropriation need to start, it should be from defense, but they cannot touch it cos those who own them run the scam. Same Trump that just initiated the development of the F47 does not want wars?

Wow! You believe they would give every citizens $5000 🤣🤣🤣 with the current economic situation of the US? Do you know where inflation is at and where it is projected to be in coming months with tariff hikes?

Don't believe everything Trump tells you. Just do the mathematics and fiscal analysis and you will know it’s a scam. Let me give you an example, if Elon said he save two trillion, what is the annual budget of all those agency’s he claimed to cut cost? When you find that number, ask yourself where the two trillion came from.

djon78:
See whether we like it or not
America is on top of the food chain
$20 trillion dollars consuming power no be beans. China the closest consumer is $10 trillion dollars


US gained these advantages since the defeat of Hitler and his allies in the 2nd world war. The US dollar is what most Central Banks put there reserve on. OPEC does there dealings using the US dollars. Top Tech companies of present even for the foreseeable future are American companies: Apple, Google, Meta, Microsoft, Nvidia, Amazon, Oracle, Tesla etc are Americans

Should I talk of oil and gas industry Exxon Mobil, Chevron, Conoco Philips, Baker and Huges, halibuton, etc are still on the lead only Saudi Arabia Aramco there allies is the one that can challenge them

Or is it finance: JP Morgan, Goldman Sachs, Citi, are still at the forefront of things



One analyst said that for the next 50 years of this world, America will still be on top because of these advantages

They have got that edge over others

MEEVEET:
Obviously u don't know anything about money so sorry

NothingDoMe:
How does one milk the world trading system with centralisation of dollars?

Does America get percentage interest per USD used around the world? Lol.

grandstar:
First and foremost, the US has done very well from free trade. The US has an unemployment rate of 4% at the end of last year signifies full employment. Most of the other wealthy countries that have higher unemployment rates.

In addition, the US per capita income is one the 10 highest in the world despite its large population.

The US isn't subsidising these other countries. In economics, it is called a trade deficit. A trade deficit isn't a subsidy. He needs to read his SSS1 economics textbook.

23 American laurates in economics have ripped his economic policies to shreds. They have already stated that if his tariffs and mass deportations are fully implemented, the US economy would decline by 8.9% in one year.

The US economy is doomed!

NothingDoMe:
Mention me when the the bolded happens.

FreeStuffsNG:
They exposed their economy to US and now regretting it. Iran, China and Russia will be mocking them now. They just got slammed with coded US economic sanctions!

Nigeria trade with US had been declining over the years and that's what helped us. We had shifted over to EU, India and China. President Buhari should actually be praised for this wise strategy.

Leonardo4:
Vietnam has tarrif of 90%, Lesotho 99%, indonesia 64$. Most of Africa is higher than 50%
Just go check the table

Ernchibyke:
If you have a point sir, pls make it...

Treadway:
please do not compare Trump with the lifeless Buhari or the arrogant and vapid emperor you have as your presido.

While Trump is rambunctious and I also prefer a little more tact, his game play is pretty obvious so far. He will not commit to a trade war. All he has been making so far are threats of it since January ooo, and it's all in a bid to shake things up and renegotiate. Better than stupid moves laced with lies, deception and propaganda that goes nowhere and produces no result.

He will show results that ALL will see. He did well in his first term, bar his 'public' handling/utterances during COVID....and even then it was thanks to this same Trump that a vaccine was produced in record time.

He is a smart man, not the brainless sinister maradona politicians we have in our country. He hasn't gone to France or UK for check up🤣

Ernchibyke:
Pls I need clarification
How can a country that slams upto a 50% tariff on US imported goods be crying fowl that the US retaliated by imposing half(25%) of what those countries slammed on them.

Pls economist help

studyless123:
It shouldn't be at the detriment of small businesses. There are better ways to negotiate. A small business owner who imports goods of 20k from China pays 2k in tariffs 4 months ago. Now he pays $13k in tariffs. Sourcing local is more expensive and there are supply challenges. The end user bears all this and then when it's unsustainable the small business dies.
Tariffs is about comparative advantage, the current approach is flawed.