₦airaland Forum

Saga16:
What factories are meant to move from Lesotho to USA?

santaclaws:
People like you will always find an excuse for Trump. You're talking about manufacturing in the US, how do you expect American companies to stay ahead of the pricing game if they manufacture in the US where the average minimum wage is 100% greater than that of China and several times more than that of Asian countries like Cambodia, Vietnam, India etc.

How do you expect companies like Apple to export at competitive prices and compete with giants like Samsung in the global scene? An iPhone is already far more expensive than other brands, imagine it's twice the cost, how would they get buyers? 🤔

Some of you don't even have a clue what you're saying. You just believe anything a white man does is always correct... Those who voted for him are now protesting. They don't have any president like Obama till date. Reducing the LGBTQ madness is the only positive thing Trump has done, which I fully support.

Saga16:
What factories are meant to move from Lesotho to USA?

Reference:
I still do not understand how folks who are against the quest of the US government to bring productivity back home expect the average American to afford the goods they produce abroad in perpetuity.

Who has been able to square the circle of not producing yet affording stuff when we clearly know that America is racking up monumental debts with countries like China and other so called 'cheaper' producers, aka lower living standards countries.

The average household debt or personal debt in America is rising steadily. Shouldn't this concern the rest of the world that this global market place, this global dumping ground is going bankrupt.

Now to the average American. Is it fair that you want to earn some of the highest, uncompetitive wages on earth and yet want to shop in 'bush' markets instead of at high end arcades.

This is the crux of the matter, a battle for the structural integrity of the global economy. Santa Claus is dying.

Goodvibes007:
There some jobs that Americans would never do. Like all those nike and apparel factories in Vietnam or bangladesh. And if Americans by miracle decide to, a nike shoe would cost 500 dollars instead of 50 dollars.

Asonaijaaso:
The $2.5 trillion wipeout in the S&P 500 would have ripple effects on Nigeria’s economy:

1. Oil Prices: The slowdown in global growth due to tariffs could decrease demand for oil, leading to lower oil prices — a direct blow to Nigeria’s oil-dependent economy.
2. Foreign Direct Investment (FDI): With rising global uncertainty, investors may pull back from emerging markets like Nigeria. The prospect of a US recession would deter investment in Nigeria’s non-oil sectors.
3. Inflation Pressure: The devaluation of the dollar globally and disrupted supply chains could drive inflation in Nigeria, increasing the cost of imported goods and affecting the already fragile purchasing power.
4. Remittances: A potential US recession may affect Nigerians living abroad, reducing remittances, which make up a significant portion of Nigeria’s foreign exchange reserves.
5. Dollar Shortages: As the US dollar weakens or fluctuates, Nigeria, already struggling with a dollar shortage, may face more severe FX crises, worsening import costs.

The US-China tariff war would likely trigger global economic deceleration, making it harder for Nigeria to meet its growth targets and increasing the risk of an economic downturn.

Saga16:
What factories are meant to move from Lesotho to USA?

ajailer:
It's cheaper to produce goods in China, which I believe is the reason behind Chinese tariffs being higher on imported goods from America as compared to the otherwise. America might lose this tariff war except they can bring down the cost to produce goods too, and by the way, why is Trump forcing importers to bring manufacturing of their products back to America when the system is a capitalist system and it makes no business sense to operate in an environment where you expend more resources when you have a cheaper alternative.

Trump has bitten more than he can chew right now. He is a realtor abi, when he is constructing his buildings, will he use cheaper building materials from abroad or more expensive ones from his country when he is in the business to take profits?

SIRTee15:
This is what I have been trying to explain here that some refuse to understand possibly due to their hatred of America or Trump.

America is funding his generous consumer market by borrowing heavily, a practice that's not sustainable on the long run.

One day, America will go bankrupt and won't even afford to borrow. Then what happens after that to the so called imported goods.

I may not fully agree with Trump and it seems he has sinister motive, but he's the only president who has taken the bull by the horn. We should see how it eventually works out.

dettolgel:
You are trying to teach product of miracle center basic economics? You get mind ooh

santaclaws:
LOL "product of miracle center" bros you wicked 🤣

dettolgel:
Think of it, the generation of miracle centers are the youth of this era. They are the ones shouting up and down that education is scam. Which makes sense because they all went through miracle center. You are trying to teach them basic economics, your faith in humanity really needs to be studied.

Reference:
There are two arguments here.
One is the movement of American owned companies abroad to seek cheaper production.

The other is the abandonment of American products for cheaper foreign alternatives.

Lesotho falls into the second category . The textiles and gemstones they export are not unique.

The question remains, if countries of so called higher standards of living stop working and outsource all their production they will go bankrupt. And this is pertinent with bricks and mortar industries.

The moment the UK shipped out almost its entire hands on production relying almost entirely on the services sector, financial services to be specific, it's economy has regressed steadily leaving it trailing countries like FRANCE and particularly GERMANY that had resisted a gutting of theirs.

Here in Nigeria we have raised tariffs on our popular imported products, closed our borders severally and proclaimed 'buy Nigeria to grow Nigeria'. Whether real or imaginary the truth remains if you are open to dumping and refuse to work, somewhere along the line you will go bankrupt.

Asonaijaaso:
The $2.5 trillion wipeout in the S&P 500 would have ripple effects on Nigeria’s economy:

1. Oil Prices: The slowdown in global growth due to tariffs could decrease demand for oil, leading to lower oil prices — a direct blow to Nigeria’s oil-dependent economy.
2. Foreign Direct Investment (FDI): With rising global uncertainty, investors may pull back from emerging markets like Nigeria. The prospect of a US recession would deter investment in Nigeria’s non-oil sectors.
3. Inflation Pressure: The devaluation of the dollar globally and disrupted supply chains could drive inflation in Nigeria, increasing the cost of imported goods and affecting the already fragile purchasing power.
4. Remittances: A potential US recession may affect Nigerians living abroad, reducing remittances, which make up a significant portion of Nigeria’s foreign exchange reserves.
5. Dollar Shortages: As the US dollar weakens or fluctuates, Nigeria, already struggling with a dollar shortage, may face more severe FX crises, worsening import costs.

The US-China tariff war would likely trigger global economic deceleration, making it harder for Nigeria to meet its growth targets and increasing the risk of an economic downturn.

Eazywit:
as usual. Predicting doom. God pass u

dettolgel:
Think of it, the generation of miracle centers are the youth of this era. They are the ones shouting up and down that education is scam. Which makes sense because they all went through miracle center. You are trying to teach them basic economics, your faith in humanity really needs to be studied.

ajailer:
It's cheaper to produce goods in China, which I believe is the reason behind Chinese tariffs being higher on imported goods from America as compared to the otherwise. America might lose this tariff war except they can bring down the cost to produce goods too, and by the way, why is Trump forcing importers to bring manufacturing of their products back to America when the system is a capitalist system and it makes no business sense to operate in an environment where you expend more resources when you have a cheaper alternative.

Trump has bitten more than he can chew right now. He is a realtor abi, when he is constructing his buildings, will he use cheaper building materials from abroad or more expensive ones from his country when he is in the business to take profits?

Goodvibes007:
There some jobs that Americans would never do. Like all those nike and apparel factories in Vietnam or bangladesh. And if Americans by miracle decide to, a nike shoe would cost 500 dollars instead of 50 dollars.

SmartPolician:
The damage was heaviest in companies whose supply chains are most dependent on overseas manufacturing.

Trump has warned you guys to stop taking your businesses outside America so you can boost the local economy. In a couple of years, we'll know if Trump is taking the right steps or destroying American economy.

dettolgel:
You are trying to teach product of miracle center basic economics? You get mind ooh

Asonaijaaso:
The $2.5 trillion wipeout in the S&P 500 would have ripple effects on Nigeria’s economy:

1. Oil Prices: The slowdown in global growth due to tariffs could decrease demand for oil, leading to lower oil prices — a direct blow to Nigeria’s oil-dependent economy.
2. Foreign Direct Investment (FDI): With rising global uncertainty, investors may pull back from emerging markets like Nigeria. The prospect of a US recession would deter investment in Nigeria’s non-oil sectors.
3. Inflation Pressure: The devaluation of the dollar globally and disrupted supply chains could drive inflation in Nigeria, increasing the cost of imported goods and affecting the already fragile purchasing power.
4. Remittances: A potential US recession may affect Nigerians living abroad, reducing remittances, which make up a significant portion of Nigeria’s foreign exchange reserves.
5. Dollar Shortages: As the US dollar weakens or fluctuates, Nigeria, already struggling with a dollar shortage, may face more severe FX crises, worsening import costs. what have you benefited from the high cost of oil, rather a cause of high inflation in our country



The US-China tariff war would likely trigger global economic deceleration, making it harder for Nigeria to meet its growth targets and increasing the risk of an economic downturn.

MichaelSokoto:
be like dis wan go be T-Pain promax on code!

Saga16:
What about companies in Lesotho?