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US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs - Foreign Affairs (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsUS Treasury Secretary Urges Countries Not To Retaliate Against Tariffs (21811 Views)

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Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by incogni2o: 8:01pm On Apr 03, 2025
God1000:
Something is fundamentally wrong with these people, government of clowns
You most times dont see sense in sensible things
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by aribisala0(m): 8:03pm On Apr 03, 2025
Iweakbro:
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.
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
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by lexy2014: 8:03pm On Apr 03, 2025
Chienex24:
Because those countries instead of seeing it as a balance of trade, they are seeing it as a trade war which is wrong. They should ist look at the partnership and find out if they are actually cheating the USA before responding appropriately
why is the US not looking at the previous arrangement as a balance of trade?

it is the US that threatening countries with tariffs. how then are the countries the US is threatening the ones looking at it as a trade war?

does the US "look at the partnership"?

can you provide any evidence of anyone cheating the US?
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by ceejayluv(m): 8:04pm On Apr 03, 2025
lexy2014:
what makes the route that the US has taken not be foolish?

if the other nations decide to take the "foolish route" just as canada, mexico and china did, what did the US do?

what are the tariffs being placed on US goods and which goods in question are you referring to?
They imposed half of what most countries are charging for American goods. By all means, it's fair enough. As for Canada, Mexico and China... There Will always be a diplomatic solution.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Nobody: 8:07pm On Apr 03, 2025
Imagine
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by ufotunang: 8:11pm On Apr 03, 2025
Kennyfancy:
The deal is fair, most of these countries are living off 🇺🇸 and 🇺🇸 is saying no, how can you put tariff at 99% against usa and you don't want same back
. which country put tariffs at 99% against USA?
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by ufotunang: 8:13pm On Apr 03, 2025
Algold:
When you impose tariff what are guys thinking. So you except other economy powers to fold hands and let you have your way. You want to export to countries at the rate that favours you and tell your citizens to stop buying foreign goods.
..do not mind trump...he wants to have control over the world and countries.. dictatorship
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by lexy2014: 8:16pm On Apr 03, 2025
ceejayluv:
They imposed half of what most countries are charging for American goods. By all means, it's fair enough. As for Canada, Mexico and China... There Will always be a diplomatic solution.
half of what? what is the tariff that you say most countries are charging for american goods?

if the other nations decide to take the "foolish route" just as canada, mexico and china did, what did the US do?

what are the tariffs being placed on US goods and which goods in question are you referring to?

what makes the route that the US has taken not be foolish?
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by santaclaws: 8:20pm On Apr 03, 2025
Iweakbro:
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.
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.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Iweakbro: 8:20pm On Apr 03, 2025
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.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by lexy2014: 8:23pm On Apr 03, 2025
Iweakbro:
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.
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?

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

3. US is the biggest market for which guys?

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

5. what are the goods in question?
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by ManOfSon: 8:31pm On Apr 03, 2025
It seems you're displaying your ignorance for the whole world to see. Don't jump into topics you have little or no knowledge about. There's a reason that the GATT exists. The US is a party to it. Then you have the WTO. Trump is dragging the entire world to pre-1947 and infecting the likes of you with his foolishness.


Kennyfancy:
The deal is fair, most of these countries are living off 🇺🇸 and 🇺🇸 is saying no, how can you put tariff at 99% against usa and you don't want same back
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Iweakbro: 8:32pm On Apr 03, 2025
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.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Iweakbro: 8:34pm On Apr 03, 2025
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
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by idahme(m): 8:38pm On Apr 03, 2025
Algold:
When you impose tariff what are guys thinking. So you except other economy powers to fold hands and let you have your way. You want to export to countries at the rate that favours you and tell your citizens to stop buying foreign goods.
These countries already had tariffs against the usa, the USA is just trying to level up to ehat these countries already have...
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by chimex001(m): 8:40pm On Apr 03, 2025
What is the WTO under Iweala doing about this tariff war? Or it’s just another toothless nonsense that is useless
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by idahme(m): 8:40pm On Apr 03, 2025
kingamaa:
Can you just imagine? So only the US of A has the monopoly to increase tariffs, other countries be Zombie abi.

Yeyenatu.

Do me I do you, god no go vex.
These countries have higher tariff imposed on the US, the US is just trying to level up
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by idahme(m): 8:41pm On Apr 03, 2025
Nonybb:
Tariff to Americans product to other countries are twice
Don't mind these ignorant people whining
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by santaclaws: 8:42pm On Apr 03, 2025
Iweakbro:
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.
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 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-centredness!
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by idahme(m): 8:42pm On Apr 03, 2025
Sirleo05:
Live and let's live. Bullying d world is not right. God did not create d world 4 America first to survive. All countries are equal b4 God.
All these countries have higher tariff than what the US is imposing what is wrong?
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by ceejayluv(m): 8:43pm On Apr 03, 2025
lexy2014:
half of what? what is the tariff that you say most countries are charging for american goods?

if the other nations decide to take the "foolish route" just as canada, mexico and china did, what did the US do?

what are the tariffs being placed on US goods and which goods in question are you referring to?

what makes the route that the US has taken not be foolish?
I don't know if you've come across this chart.... All hitherto tariffs above 10 percent on American goods were duly responded with half of the rate.

Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by idahme(m): 8:46pm On Apr 03, 2025
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?
He is warning them because at this new rate they are still at an advantageous position when compared to the US bit surely reduces the deficit in trade, his warning is to let them know that the IS is ready ro activate reciprocity should they try to widen it the more.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by idahme(m): 8:48pm On Apr 03, 2025
michroskrve:
says someone in his village analyzing America issues
U don turn wizard to know where everyone dey comment from even when u dey carry agege foe head, exude your thought and leave frivolities away unless you don't have what to aay.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Christistruth02: 8:49pm On Apr 03, 2025
The AU Countries should just seize this Opportunity to change to from the Dollar to the Gold Standard
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by frankson1(m): 8:56pm On Apr 03, 2025
Iweakbro:
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.
Low self-esteem white a$$ sniffer dude, defender of the US undecided

Let's start checking what they've stolen and are still stealing from other countries undecided
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Iweakbro: 8:59pm On Apr 03, 2025
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
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Iweakbro: 9:01pm On Apr 03, 2025
frankson1:
Low self-esteem white a$$ sniffer dude, defender of the US undecided

Let's start checking what they've stolen and are still stealing from other countries undecided
Muslim illiterate, pls, educate me on what they stole.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by abbey621(m): 9:03pm On Apr 03, 2025
lexy2014:
who asked the US to give in the first place?

from all that the US was giving, was it giving because it loved the beneficiaries of its generosity?
Whether generosity or annimosity, the new president is correcting the mistakes......So nobody should have a problem with a country choosing to focus on itself rather than policing the world!
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by TOPCRUISE(m): 9:06pm On Apr 03, 2025
I should continue to receive punches from you. And I should not retaliate because it will escalate.
This man is drunk.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by lexy2014: 9:06pm On Apr 03, 2025
abbey621:
Whether generosity or annimosity, the new president is correcting the mistakes......So nobody should have a problem with a country choosing to focus on itself rather than policing the world!
which of my questions asked you about policing anyone?

who asked the US to give in the first place?

from all that the US was giving, was it giving because it loved the beneficiaries of its generosity?
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Iweakbro: 9:07pm On Apr 03, 2025
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.
Re: US Treasury Secretary Urges Countries Not To Retaliate Against Tariffs by Chienex24(m): 9:14pm On Apr 03, 2025
lexy2014:
why is the US not looking at the previous arrangement as a balance of trade?

it is the US that threatening countries with tariffs. how then are the countries the US is threatening the ones looking at it as a trade war?

does the US "look at the partnership"?

can you provide any evidence of anyone cheating the US?
You are really very funny. Do you think U.S just woke up to harass countries with tariffs?? Previous arrangements have been made or overlooked by previous administrations, especially the democrats.

U.S has been taken advantage of over the years with plenty of evidences actually, just that the strong U.s economy has been able to weather the storm over the years.

China imposed about 67% of tarrifs on U.S imports while U S charged china 34% on imports as at 2024, which is almost half of what U S charged them, with a deficit of over 200 billion dollars. This is just one out of many examples, including the European union.
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