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Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsTrump Tariff War Is Destroying Global Economy – Okonjo-Iweala (19080 Views)

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Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by TruthDefender(m): 11:52pm On Apr 04, 2025
NOI is a US citizen. She is a dual Nigerian and American citizen. Trumpyy cant do her sheeet

ajailer:
Trump go tell them to revoke NOI visa now. Trump, the petulant kid that hates being criticized.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Fecolywill: 11:54pm On Apr 04, 2025
SalamRushdie:
Reduce your tarriff against America and they will reduce theirs
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Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by bluefilm: 11:55pm On Apr 04, 2025
According to who, madam?

According to WEF, I guess...?
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by chinchum(m): 11:58pm On Apr 04, 2025
Mikelarteta:
But Nigeria has been charging about 49% in import duties and other kind of stupid charges over the years to discourage importation, make una leave trump alone and produce locally.
27% or 49%
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by igbosarejews(m): 12:08am On Apr 05, 2025
obiekunie01:
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.
Oga it will affect everybody, Trump is an e diôt, I was thinking about how I fooled myself to support the child in a man. His ruining the world economy and soon the prices of cars and other commodities will triple
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by horlique(m): 12:14am On Apr 05, 2025
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
international trade without the dollar will be very cumbersome..
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by lildush(m): 12:18am On Apr 05, 2025
Trump is simply giving china a chance to take over the world market.. I didn't expect this from him.. well wat can I say
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Kalvan50: 12:48am On Apr 05, 2025
Saga16:
grin

Developers don't know how to react to this.

I'm here for it.
I dey laugh grin
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by ajailer(m): 3:02am On Apr 05, 2025
TruthDefender:
NOI is a US citizen. She is a dual Nigerian and American citizen. Trumpyy cant do her sheeet
Dey play o, for Trump government wey nothing is impossible! Remember sha that she is not a citizen by birth.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by OLAADEGBU(op):
Trump Holds The Cards...
Cartoon published 04/04/2025

https://grrrgraphics.com/wp-content/uploads/2024/11/woke_and_woke-AOC-Kamalar.jpg

President Trump Holds The Cards

Nearly everyone is in a tizzy over Trump’s tariffs. Countries all over the world have grown accustomed to shafting the US when it comes to trade. They are free to charge tariffs for American goods, but they go into an apoplectic fit when America tries to reciprocate.

The unfair trade balance should have been fixed many decades ago. Like Trump said, many presidents before him could have fixed it but didn’t—probably because they didn’t want to upset apple carts and cause market instability and anger from our allies.

Speaking of countries we saved in WWII, Trump’s tariffs have caused those so-called ‘allies’ to lower their masks, thus revealing their true angry face about losing Uncle Sucker, er, Sam as their trading partner. Our allies have been increasingly exchanging freedom for tyranny. Free speech is going away and now we see law fare conducted by corrupt globalist judges in Europe who prevent populist candidates from running for office. We just witnessed judges in France concoct bogus charges and a conviction against Marie Le Pen in order to keep her from running (and winning) in France. Macron is a puppet of the globalist central bankers such as the Rothschilds. The globalist plutocrats want him to remain where he is. European plutocrats do not want Trump-like candidates to thwart their power.

The globalists who have been running the show (for too long) and controlling world leaders cannot control Trump. They especially don’t want America to stand up for itself. ‘America First’ is at odds with what they want. They want America last. An impoverished, divided, and weakened America is easier to control.

To be sure, the stock market will be in a flux. Jim Cramer will be crying crocodile tears, and we will even hear cries of ‘free trade,’ which really means unfair trade skewed against America. It’s funny to hear the howls, but they can’t refute the fact that other countries charge tariffs for US goods while we do not reciprocate. Trump is fixing this and also cancelling bad trade deals such as NAFTA and the WTO. Ross Perot was right when he said ‘there will be a giant sucking sound’ of jobs leaving America due to NAFTA when he ran for president. He was right, but Bill Clinton was elected and he supported NAFTA, which went into effect in 1994. As a result, America lost jobs and industries that went to China and elsewhere. That sucking sound grew louder throughout the Bush, Obama, and Biden administrations.

Rand Paul, whom I agree with most of the time, is dead wrong about tariffs when he called them a ‘tax.’ America used tariffs for years to fund government up until the creation of the Federal Reserve and the vile income tax. If Rand Paul objects to taxes he should work harder on ending the IRS rather than trying to perpetuate the status quo. He thinks tariffs will hurt the economy and ‘decimate’ the Republican Party. So be it. Change is necessary because the US faces a 40 trillion dollar national debt, a dwindling middle class struggling to find jobs, crumbling infrastructure, and dependence on other countries for vital goods such as computer chips and medicine. Trump wants to bring manufacturing back to America. He wants to make America wealthy again. What’s wrong with that, Rand?

The road will be rocky, but the destination will be worth it. After his tariff success, Trump should work on dismantling the IRS and ultimately end the Federal Reserve altogether. Andrew Jackson defeated the central bankers. Donald Trump can do the same.

— Ben Garrison

Continue Reading
President Trump Holds The Cards.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Bullfallo(m): 5:27am On Apr 05, 2025
The dollar is not back on anything. Just paper.
They don’t have the gold to back it up. That why they can print so much and do charity. The only side effect when they print so much is inflation and it affect the world too.

The world trust the paper printing machine.

If naira os the world dominates currency. We just have to keep printing.

The only reason Europe is keeping calm is because trump only have 4 years. When Europe leaves nato and adopt new currency it’s slowly takes America economy down with great effect.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by 123yes(m): 5:32am On Apr 05, 2025
After the initial shock on Wednesday night after Trump presents the tariffs. There was a strong spike against the dollar, but the dollar has recovered on Friday market to started trending downward against all currencies. Within Just one day trading all currencies are at the mercy of USA dollar and will continued the downward trend next week. Forex traders will understand what I mean.
America controls the world market and the world economy. It is not a matter of marking noise.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by ChelseaDr(m): 5:42am On Apr 05, 2025
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.
Apt
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Charly68: 5:48am On Apr 05, 2025
Triumph is challenging you economists . Come up with a counter policy to stabilize the world economy. The man is doing everything to ensure mega companies relocate their plants to America. Build their companies and sell at high margin to the world.. it is working for him already .
I laugh when people blame our own president for his economic policy. If he didn't do that ,the economy would have collapsed by now.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by TheWolfen(m): 7:07am On Apr 05, 2025
Maxymilliano:
Just like in war, all is fair ....
Exactly!
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by watchindelta(m): 7:37am On Apr 05, 2025
pastorarynzay:
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.
can you eat American food? All their food are 80% poison, that why they order food from euro here.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Geesaintagape: 8:12am On Apr 05, 2025
Why this sudden rage over USA reciprocal tarrif?
All countries have been tariffing USA goods eg Nigeria and no one raised alarm.
Hypocrisy is bad
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by okoolori(m): 8:14am On Apr 05, 2025
obiekunie01:
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.
Ehyah .
I tot na Agulu prince of Ndi developer go be prime minister and you being president... Ashiere ti o ni sense .. Ur papa
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by optimusprime2(m):
maasoap:
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
I gave a lecture on this not too long ago... trust me the structures that ensure the USD remains the reserve currency run very, very, deep... much deeper than even anticipated, it would take a long and difficult process to dismantle those structures, of which I don't see happening even in the next 2 decades.

Put it in mind that even the viable challengers to that concept of changing the global reserve currency i.e "BRICS" and the EU, might seem organised and driven to that plan, but they actually do not even agree on a lot of things- even the simplest of things. So there will be talk about it but... no major milestone.

FYI, the mere fact that China is part of BRICS is a strong reason why the USD will be around for a long time (China is not even interested in having their currency dictated by the global economy despite them being an economic powerhouse)... you see, "BRICS" member profiles mostly lack the transparency and elements of democracy and stability which is essential for backing a reserve currency and that's the reason Argentina left "BRICS" to start with. To put it easily, The "BRICS" consortium could be likened to a band of Pirates agreeing to form an alliance to defeat a common threat akin to law enforcement, however the pirates don't trust themselves because they know they are pirates grin.

The EU on the other hand are part of the structures that ensure the USD is the reserve currency primarily because of defence reasons... oh and Russia is part of BRICS grin I could give another lecture here on (the role of the USD as a reserve currency in western sanctions) BRICS vs the EU, which will be too long, bottom line, the EU will rather endure 4 years of Trump, which is temporary than endure a perpetual threat to their security. Trust me on this one, it's easier for BITCOIN cheesy to become a global reserve currency than to have the USD switched globally... and of course you know that's not gonna happen anytime soon.

A regional or Bloc reserve currency; YES! possible, but another Global reserve currency after the USD... naaaaah I don't see that happening again.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by kmaster007: 8:58am On Apr 05, 2025
Obedient what do you have to say about this. Over to you....
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by AntiMarxist: 9:35am On Apr 05, 2025
This witch again.

This is same witch that oversaw the sanctions on Russian energy, fertilizers ,pesticides and agro exports that has led to acute global food shortages.

Same witch who as both head of GAVI and Bill Gates Foundation was testing dangerous vaccines on poor Indians. It was during her time as head of both organisations that the Indian government kicked GAVi and Bill Gates Foundation out of their country. In Kenya, both GAVI and Bill Gates Foundation were caught red handed sterilising young girls and women with tainted Tetanus vaccines. The Kenyan Catholic church is still in court trying to get her, Bill Gates and GAVI to pay conpensation for the evil they did

Don't forget that this witch headed the IMF COVID relief package which was just a bribery and intimidation scheme to force African countries to follow the COVID protocols. Three African leaders were assassinated for refusing to accept the protocols she was dictating. In Haiti, the President was assassinated by a CIA linked Haitian national who is based in the US . His only crime being that he refused to accept this witch's IMF COVID protocols. The very next day of the President's asasination, two plane loads of vaccines landed in Haiti

The evil of this woman will be revealed one day here on earth
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Thomthom(m): 9:42am On Apr 05, 2025
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
God bless you. Old people wey brain don finish
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Stevyne: 9:55am On Apr 05, 2025
Edusouls:
I don Dey clear for un eyes, trump fan boyz, a white supremacist mad man as American president
Go carry your Papa put there abeg
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by Elidrisy20: 9:55am On Apr 05, 2025
It's good for Americans
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by OLAADEGBU(op): 10:14am On Apr 05, 2025
'Genius chess move' 😳 Read more: https://trib.al/bDWsFEe

Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by OLAADEGBU(op): 10:27am On Apr 05, 2025
jazzman7711:
OLAADEGBU, ARE YOU NO LONGER TRUMP’S HOUSEBOY?

THIS IS A MOST STRANGE POST COMING FROM YOU.

YOUR EYES ARE CLEARING NOW, ABI?

DON’T WORRY. THERE’S MORE TO COME.

ODE.
Political Cartoon Of The Day: The Leftists Rage...

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2025/03/1920/1080/cartoon033125.jpg

Foxnews
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by zero8zero(m): 10:49am On Apr 05, 2025
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
You're very dumb, tell me any Nigerian President that was smarter than Tinubu economic wise and back it with proofs.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by zero8zero(m): 10:52am On Apr 05, 2025
AntiMarxist:
This witch again.

This is same witch that oversaw the sanctions on Russian energy, fertilizers ,pesticides and agro exports that has led to acute global food shortages.

Same witch who as both head of GAVI and Bill Gates Foundation was testing dangerous vaccines on poor Indians. It was during her time as head of both organisations that the Indian government kicked GAVi and Bill Gates Foundation out of their country. In Kenya, both GAVI and Bill Gates Foundation were caught red handed sterilising young girls and women with tainted Tetanus vaccines. The Kenyan Catholic church is still in court trying to get her, Bill Gates and GAVI to pay conpensation for the evil they did

Don't forget that this witch headed the IMF COVID relief package which was just a bribery and intimidation scheme to force African countries to follow the COVID protocols. Three African leaders were assassinated for refusing to accept the protocols she was dictating. In Haiti, the President was assassinated by a CIA linked Haitian national who is based in the US . His only crime being that he refused to accept this witch's IMF COVID protocols. The very next day of the President's asasination, two plane loads of vaccines landed in Haiti

The evil of this woman will be revealed one day here on earth
You forgot she was later appointed a board member in GAVI. She's getting away with murder.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by AntiMarxist: 10:54am On Apr 05, 2025
zero8zero:
You forgot she was later appointed a board member in GAVI. She's getting away with murder.
I stated her ignoble role and achievements as head of GAVI.

Read my post again.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by razzydoo(m): 11:02am On Apr 05, 2025
Maintain neutrality lest you get removed from that ceremonial role. Tariffs are a wake-up call for all and sundry involved.
Re: Trump Tariff War Is Destroying Global Economy – Okonjo-Iweala by zero8zero(m): 11:18am On Apr 05, 2025
AntiMarxist:
I stated her ignoble role and achievements as head of GAVI.

Read my post again.
You also forgot she had to become a US citizen to get to her current position, if she didn't, she was going nowhere.
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