₦airaland Forum

bemeruca:
When other countries tariff the US no one feel sorry for the US or complain.

If they believe that then they should all remove their tariff

Mad man, can you also ask Trump to release "balance of trade" in area of services too? Abi it's only on goods ur fellow lunatic would emphasis on?

Does illiterate on nairaland even know the different between goods & services?

okoolori:
So dem tell you say Americans no be mumu abi...
A lot of dem are regretting now...
Wait till next week when every country starts retaliating this tariff...
Awon commenter isonu

I dont even know why this Trump presidency too pain ndi descendants of fallen demon moosleem afonjos!

FOR YOU INFO - TRUMP HAS COME TO STAY! AS IN HE WILL BE THE FIRST AMERICAN PRIME MINISTER WHILE PENCE WILL BE THE PRESIDENT.

A new expansion is about to be introduced into democracy. Just 3 years from now.

Saga16:
What do you mean they can't?

Can US boss the entire world?

US is not bossing the entire. If you can move to China move. When you learn US is better you come back.

Stop crying

Saga16:
A developer is angry.

Ronu, hammer head is happy.

Hmm
Some group of people will find this difficult to react to...
Pro trump pro iweela

Focus on your country problem. Grow the country like china did and stop looking for who to blame

oldguyman:
President Trump cannot be wrong.

Slave worshiping his master, you must be sick to the skull.

emmabest2000:
Ngozika make Trump catch you

You gid Trump is a shit hole lieing idiot. go and worship him alone and leave the rest of us alone.

othermen:
This headline is misleading and irresponsibly done.

Her message is clear, and clearly to the rest of the world.

Do not escalate this. If you react harshly, the world economy would be in jeopardy.

She is actually urging the rest of the world to halt the escalating tariff war and behave responsibly by not retaliating, as retaliation could depress global trade.

She has not stated that “Trump's tariff war” is destroying the global economy.


Why is Okonjo deliberate in her word choice? It is because she knows that her position as WTO DG is contingent upon Western nations ( esp the US) approval . Since Trump’s return she has successfully maintained the fragile diplomatic balance- despite Trump’s disposition. Remember, Trump didn’t fancy her emergence. Don’t be naive to think Europe and the UK would deprioritize their relationships with the US to support her leadership, if Trump calls her out.

So if you are proud of her as a Nigerian, then you would agree that it is irresponsible to mischaracterize her position. Trump is combative. The US has significant influence on global trade. No need to hard to her burden or cross by creating distraction that jeopardizes her illustrious career and undermine her efforts. We don’t want so.

That said.

which is it? Will Trump’s tariff destroy the US economy or the economy of the other countries?

Someone suggested that businesses should find alternative trading partners. Perhaps Africa. African nations that are struggling with affording basic necessities, including HIV/AIDS medication. Perhaps China, but China would dictate their own terms. Alternatively, Europe could open its economy to China, and risk the potential for China's cheap products to flood their market and shut down their manufacturing.

Someone suggested that they should abandon the US dollar. And the global economy should cling to? Canadian dollars or Naira or yuan or Euro. Thinking the US currency is there by decree is no evidence of right minded thinking.

Maybe the US is not part of the world economy. you obedient folks are really very stupid.

bemeruca:
US is not bossing the entire. If you can move to China move. When you learn US is better you come back.

Stop crying

Where in America do you live?

Edusouls:
I don Dey clear for un eyes, trump fan boyz, a white supremacist mad man as American president

Lol.. Ignorance is speaking.
Take for instance, Nigeria charge US 49% tariffs and US decide to increase her own and it becomes a crime.
You need to see the list of US trade deficit of other countries, Trump already said it is America first, he is trying to MAGA in his own way to encourage people to either manufacture it in US or pay more to sell it in US.

Your government have refuse to open the border till today and you see nothing wrong with it but you're here trying to crucify trump.

Hypocrites.

OLAADEGBU the oloriburuku Trump worshipper and genocide supporter!

You will all CRY at last.

Saga16:
Where in America do you live?

Washington

bemeruca:
Washington

State?

udemzyudex:
Lol.. Ignorance is speaking.
Take for instance, Nigeria charge US 49% tariffs and US decide to increase her own and it becomes a crime.
You need to see the list of US trade deficit of other countries, Trump already said it is America first, he is trying to MAGA in his own way to encourage people to either manufacture it in US or pay more to sell it in US.

Your government have refuse to open the border till today and you see nothing wrong with it but you're here trying to crucify trump.

Hypocrites.

Is deficit theft or a crime?

When you go into Walmart, isn't it always a deficit?

Saga16:
State?

Seattle

seunmsg:
She finally spoke out.

Table don turn reach them.. all his brother was supposing trump bad policy cos of Thier hatred towards Nigeria

Basicend:
It costs just about $1.4m to print $1 billion in paper worth at bills of $100.

That is not even up to $2 million, not talk of $100m, without being pegged to anything.

Yet, the entire world accepts it as a tender value for exchange.

Yet, Trump and his govt are peddling that the whole world is taking advantage of the US.

* He just about to destroy the foundational structures that previous US Presidents built that brought greatness.

Even if one is not paying attention ... anywhere in the US you will know the country is in a recession. The fear of deportation and now the tariff war have slowed down everything ... significantly less people in the streets ... in the malls ...in the supermarkets..in the stores .. in the restaurants ... in mass transit ... flying (just travelled...plane just about a quarter full ...usually a full flight). Stores going out of business or closing down some of their branches (Macy's downtown Brooklyn shut down two weeks ago) ... workers being laid off.... the situation is getting worse with no end in sight . But what do the wealthy care?
China's retaliation is a heavy blow ... as reflected by the diving DOW. The thing about China is it is targeting Trump's stronghold areas ... heavy tariff on the goods produced in those States ...wreaking havoc with their local economy. They are already complaining...bitterly at first now they are angry. It is never a good thing to get between those folks and their money.

/
This is a very good news.

Many see doom, a few see opportunities.

It is a global market reset for opportunists to scoop up equities and commodities at low prices. Imagine DCAing oil at these prices

/

surgical:
I don't think we should be electing old people to presidency anywhere
They create mess, and leave the country worse than they met it

Yahaya Bello say hi.

jazzman7711:
Shut your slave lips.

Brainwashed he-goat.

They are slaves like those also supporting Tinubu.

I wonder how some Nigerians follow people blindly and support whatever they do.

People that supports Tinubu and Trump are miserable idiots.

oluwaseyi0:
If the world abandon USD as general means of exchange then US will understand that the world is doing them more favour than they are doing the world

It's going to be very difficult for that to happen, because the structures that ensure the USD remains a reserve currency are very deep...

oldguyman:
President Trump cannot be wrong.

Until he is wrong

oluwaseyi0:
If the world abandon USD as general means of exchange then US will understand that the world is doing them more favour than they are doing the world

optimusprime2:
It's going to be very difficult for that to happen, because the structures that ensure the USD remains a reserve currency are very deep ...

It was already happening at a slow pace even before Trump was sworn in. But his action may expedite the process, then you will just realise that it is easier than we imagined

blowjohn:
But to import cars from America to Nigeria u go pay wetin fit bankrupt u.
Why the hypocrisy?

That policy is hurting us as Nigerians. What Trump is doing as retaliation will hurt Americans and that's why I don't have problem with his tariffs retaliatory measure

No more father christmas, is it by force? Hate it but kiss this truth, trump is not interested in fathering any nation that behave like bastard.
The whole world produce and send to america but america cant produce and send to una. Trump know say una wan use praise kill USA but for back you call them mugu while you enjoy their backing they run in trillions of debt. Haba make una fear God na.

AmazonTopaz:
Kamala Harris was the better candidate.

Anyone with a working brain knew this already.

😂😂😂😂😂😂😂😂😂😂😂😂😂🙄🙄🙄🙄

grandstar:
49% ke,

Nigerias average tariffs are around 20% on finished products

You buy a used car for $10,000 and when it gets to Nigeria, you use $7,000 equivalent in naira to clear it, how is that 20%

tnerro1:
You buy a used car for $10,000 and when it gets to Nigeria, you use $7,000 equivalent in naira to clear it, how is that 20%

Before, the duty was 20%

It was during Jonathan's government that the investment minister, Olusegun Agangan introduced a policy that would encourage car manufacturing in Nigeria.

For it to succeedt, the high tariffs you're complaining about were introduced. Okonjo-iweala who was the finance minister at the time condemned the policy. She was never consulted.

I detest the tariffs to my bone.

othermen:
This headline is misleading and irresponsibly done.

Her message is clear, and clearly to the rest of the world.

Do not escalate this. If you react harshly, the world economy would be in jeopardy.

She is actually urging the rest of the world to halt the escalating tariff war and behave responsibly by not retaliating, as retaliation could depress global trade.

She has not stated that “Trump's tariff war” is destroying the global economy.


Why is Okonjo deliberate in her word choice? It is because she knows nations have to be cautious and that her position as WTO DG is contingent upon Western nations ( esp the US) approval . Since Trump’s return, she has successfully maintained the fragile diplomatic balance- despite Trump’s disposition. Remember, Trump didn’t fancy her emergence. Don’t be naive to think Europe and the UK would deprioritize their relationships with the US to support her leadership, if Trump calls her out.

So if you are proud of her as a Nigerian, then you would agree that it is irresponsible to mischaracterize her position. Trump is combative. The US has significant influence on global trade. No need to add to her burden or cross by creating distraction that jeopardizes her illustrious career and undermine her efforts. You shouldn’t want so.

That said.

which is it? Will Trump’s tariff destroy the US economy or the economy of the other countries?

Someone suggested that businesses should find alternative trading partners. Perhaps Africa. African nations that are struggling with affording basic necessities, including HIV/AIDS medication. Perhaps China, but China would dictate their own terms. Alternatively, Europe could open its economy to China, and risk the potential for China's cheap products to flood their market and shut down their manufacturing.

Someone suggested that they should abandon the US dollar. And the global economy should cling to? Canadian dollars or Naira or yuan or Euro. Thinking the US currency is there by decree is no evidence of right minded thinking. You add the nominal GDP of Germany, UK, France, Italy and Canada… and see what % or fraction of the US’ GDP it amounts to.

For those thinking that the US should be abandoned. Read good books and seek contrast opinions. Not just consuming one-sided poorly baked news.

The news won’t tell you that the UK is very happy with the tariffs coz in the US they now enjoy a price advantage over similar European products, thanks to the lower 10% tariff, compared to Europe’s 20%. To them, it’s a win: of coz, they will not be over excited, but Europe knows they are behind and Trump is putting them in a place, where they are in dire vulnerability. The EU is already clamoring for unity in the union because they know internal disunity is inevitable, and the EU may just disintegrate - as nations go directly to make deals with Trump.

When they can’t trade with the US, UK grows stronger, and while they trade with each other, tariffs imposed by and against countries in the EU becomes inevitable because each nation has to protect its own economy.

it is just foolish to not look out for the interest of your country, or look out for how you can take advantage of what is handed to you. we must hate the leadership, isolate them... when other reasonable nations are on the queue, already cozying up, waiting to fill in that gap.

China has got cheap and high volume products to export - so Europe for now knows that the higher tariff for China benefits them. If the US leadership wants to diminish Europe’s influence, which I think is the intention of Trump, unless Europe properly acknowledges America’s leadership and adhere to America’s guidance… rather than seeking to dictate… Trump could reduce the tariff for China, and Europe would realize brutally, they are unable to compete.

Nations study and look out for their own interest. Let us pray that Tinubu is staying alert and looking out for Nigeria’s interest too in the global affairs and nationally.

My goodness I love this your review. Make sense.

That Tinubu you mentioned in the last part no follow. Tinubu is not economically smart. The only smart he has is playing politics and suffocating the nation to be submissive

othermen:
Nations study and look out for their own interest. Let us pray that Tinubu is staying alert and looking out for Nigeria’s interest too in the global affairs and nationally.

Westman001:
My goodness I love this your review. Make sense.

That Tinubu you mentioned in the last part no follow. Tinubu is not economically smart. The only smart he has is playing politics and suffocating the nation to be submissive

From France?
Tinubu is not feeling very well. Leave him alone

Reduce your tarriff against America and they will reduce theirs

SalamRushdie:
Reduce your tarriff against America and they will reduce theirs

Isn't it strange though? Everything is made in China. Na only them follow come? How come it doesn't seem strange to us?

InvertedHammer:
/
This is a very good news.

Many see doom, a few see opportunities.

It is a global market reset for opportunists to scoop up equities and commodities at low prices. Imagine DCAing oil at these prices

/

it's opportunity for the wealthy to expand their portfolio. I saw a family complaining about their $100k being wiped out completely in the stock market