₦airaland Forum

All these "Tariff War" is still for US and Europe renegotiation without African benefits.

There is no any other time for any African country that ready to step up taking advantage of differences between US and Europe.

I can see only SA, Nigeria need a good Economics guru to assist here, rather than focus only reelection into office

Stilloracle:
WHY CANT AMERICA BE BOYCOTTED?

Because if people try to, America will react angrily
And trust me you don't want to be at the receiving end of US anger.

Ordinary mention of BRICS moving away from using dollars as currency of international trade it began threatening them with sanctions

dederocs:
Tinubu must put Nigeria first, go into agreements with nations, so we pay them with naira and in exchange they pay us in their local currency for goods and services exchanged.

South Africa has done this, and their economy is balancing out, their rand is going stronger and attracting investors naturally, investors prefer to invest in a nation with a strong currency value.

We need to stop spending money buying dollars to import!

Dollarisation of our economy and society is killing naira. Use only naira, grow naira, our economy become valuable. Globalisation has ended, every president and senate/parliament is doing what is good for its citizens, Nigeria should not be an exception, work based on interest and profit for Nigeria for the good of Nigerians.

It's a shame that we don't have the executive with the heart to do this, this is the one singular act that will change Nigeria economy for good. N1500 to a naira is a disgrace and this administration must bring it down, this is the crux of our problem in Nigeria as per economics and standard of living of the masses.

Most especially Nigeria -china currency swap, if nations can boycott US dollars and start trading with their own currencies, all the gragra of trump would clear within 1 year.


Still dnt know why two nations that are trading between themselves won't use their own currency, but a nation's currency who doesn't involve in such deal or agreement.

Nothing stop us to have Eco and Afro as currency in West Africa and Africa respectively, nations are just too relax for US to enter them deeply for long, why won't one bastard comes in and start bullying entire world.

Nigeria will reap bountifully. All these happening is in our favour and thank God we have a president that sees the future and is laying the solid foundation. Jagaban is the last of a kind

dederocs:
Tinubu must put Nigeria first, go into agreements with nations, so we pay them with naira and in exchange they pay us in their local currency for goods and services exchanged.

South Africa has done this, and their economy is balancing out, their rand is going stronger and attracting investors naturally, investors prefer to invest in a nation with a strong currency value.

We need to stop spending money buying dollars to import!

Dollarisation of our economy and society is killing naira. Use only naira, grow naira, our economy become valuable. Globalisation has ended, every president and senate/parliament is doing what is good for its citizens, Nigeria should not be an exception, work based on interest and profit for Nigeria for the good of Nigerians.

It's a shame that we don't have the executive with the heart to do this, this is the one singular act that will change Nigeria economy for good. N1500 to a naira is a disgrace and this administration must bring it down, this is the crux of our problem in Nigeria as per economics and standard of living of the masses.

The executive, the legislature and the judiciary are all the cause of the mess we are in. They get paid in dollars for doing dubious things.

Hardly are the current people in government there for the success of their country. They are there to enrich themselves.

Which politician do you know that is very intellectually interested in reading books to improve himself and so improve his circle of influence or office?

They people are always like the leaders and the leaders like the people.

When the people come to a change of mind, it will be evident to the world because the country will be better off and the leaders would have either resigned, jet out or decide to vomit all they’ve stolen.

Leave economists to claim that COVID killed globalization. Those people will blame the death of soldiers shot to death on the pandemic which occurred five years ago.

Nonybb:
Trump is a nice dog that doesn't deserve to be a loose. To get the best of him, he must be on a leash, guided and conditioned with dog tricks; other than that, he become another world figure in Hitler dimension. Go and study Germany in the time of Hitler; his book Mein Kampf, a nazi bible, was an inspiration of the German fascist. A obsessive book to protect them from Jews; the same way Trump is going against globalization with fascist mentality to protect the American economy from the rest of the world

To be honest what has happened is a simple thing, the global supply chain/economy has just been reset.

And major world powers are upset because as it stands now, there will be winners and there will be losers of which won't follow the previous order of top dogs in the yard.

Funny enough this is Africa's time.

luckyz4rea:
The executive, the legislature and the judiciary are all the cause of the mess we are in. They get paid in dollars for doing dubious things.

Hardly are the current people in government there for the success of their country. They are there to enrich themselves.

Which politician do you know that is very intellectually interested in reading books to improve himself and so improve his circle of influence or office?

They people are always like the leaders and the leaders like the people.

When the people come to a change of mind, it will be evident to the world because the country will be better off and the leaders would have either resigned, jet out or decide to vomit all they’ve stolen.

Really sad the calibre of people in our political office. Nigeria have more intelligent and good minded conscious people who will do a better job.

Nigerians must look critically at the people they support or vote for. These senate and house of assembly set are there fighting personal battles, small minded and myopic behaviour, when they are there to represent the people, that is the only reason they are there. It is in the constitution "lawmakers must focus on the business of working for the people not settling personal vendetta, or discussing politics. Partisan politics is a bane of our development and growth, the present political class got it wrong, their mind and IQ is quite low, they should look at their counterparts in advanced democracy, who always talk and fight for their constituents, who don't misapriorate public funds

This money politics system must be stopped it's archaic, in Nigeria politicians just want to grab power for their ego and to be with the loot to influence everyone, it's a shame, the whole system needs a reorientation, the value system must be brought back.

RIDE ON TRUMP!

First time in history that our colonial master who place theirself as semi-God will be shivering of a country's decision.

Before you people comment on things you don't understand do some research. Use Google. The fuss is that Trump is taking the world back to 1947 when we didn't even have computers. These retaliatory tariffs were the norm then. But they weren't helping anyone. These tariffs caused uncertainty in global trade leading to major economic dislocations.

Judolisco:
Honestly, I don’t understand all the fuss. If one country decides to impose a 100% tariff on goods coming into its territory, and the other country responds by raising its own tariffs, isn’t that just how international trade works? Both sides are simply protecting their interests..... No more father Christmas... If u want US to reduce, make u sef reduce

Lately, I have started paying keen attention to the stock market, all thanks to Elon Musk.

Is it possible that Trump is deliberately tanking the stock prices, giving him and his friends the rare advantage of buying blue chip companies stock at mouth-watering rates?

He floated his own crypto coin before his inauguration, which is unethical, so this is entirely plausible.

Judolisco:
Honestly, I don’t understand all the fuss. If one country decides to impose a 100% tariff on goods coming into its territory, and the other country responds by raising its own tariffs, isn’t that just how international trade works? Both sides are simply protecting their interests..... No more father Christmas... If u want US to reduce, make u sef reduce

no because you are punishing your citizens. If Nigeria impose 50% tarriff on China, who do you think will suffer it? Phone you could buy for 100k yesterday will instantly be sold for 150k. Government will just pocket the extra 50k. The whole tariff thing is just nonsense and Trump is an insane moronn who has unleashed chaos on the world. The worst part is that countries have to respond

dederocs:
Really sad the calibre of people in our political office. Nigeria have more intelligent and good minded conscious people who will do a better job.

Nigerians must look critically at the people they support or vote for. These senate and house of assembly set are there fighting personal battles, small minded and myopic behaviour, when they are there to represent the people, that is the only reason they are there. It is in the constitution "lawmakers must focus on the business of working for the people not settling personal vendetta, or discussing politics. Partisan politics is a bane of our development and growth, the present political class got it wrong, their mind and IQ is quite low, they should look at their counterparts in advanced democracy, who always talk and fight for their constituents, who don't misapriorate public funds

This money politics system must be stopped it's archaic, in Nigeria politicians just want to grab power for their ego and to be with the loot to influence everyone, it's a shame, the whole system needs a reorientation, the value system must be brought back.

It’s very sad. Most of our youths have lost hope on this country. That’s why they are seeking to leave the country

Saga16:
You colonised the world then lost.

You wanted a unified Europe then lost.

You made Brexit of Europe, then lost.

You wanted direct access to their minerals, products and services of the world, then lost.


What next?

It's downward spiral.
They're going down!

Difrent:
Because if people try to, America will react angrily
And trust me you don't want to be at the receiving end of US anger.

Ordinary mention of BRICS moving away from using dollars as currency of international trade it began threatening them with sanctions

Angrily at The whole world?
How did America become a super power? Is it not because most countries decided to become allies?
Now if America is fighting the whole of Europe and China and Middle East and Asia.
Are u telling me Only America will defeat everyone joint together?
Thats not possible.
It may take a while but if they all come together, America will be brought to its knees.
Back home in US, there is even strong opposition to Trump's moves even from people that voted him. Daily protests all over the country

US right now is tilting towards recession due to these tarrifs. Unemployment is going up. Stock market is going low

Some BOLD countries have anounced retaliatory
tarrifs. . China. Brazil. Canada. Mexico .
EU sayd they will announce theirs

The world needs realignment

Ok

Judolisco:
Honestly, I don’t understand all the fuss. If one country decides to impose a 100% tariff on goods coming into its territory, and the other country responds by raising its own tariffs, isn’t that just how international trade works? Both sides are simply protecting their interests..... No more father Christmas... If u want US to reduce, make u sef reduce

That is the same thing he is saying, globalisation is the spirit of economic father Christmas once we go 100 percent as you said, then economic globalisation is wiped out, everyone is on his own and US new tarrif is a step towards that direction.

Globalisation seems over with these Trump's "I don't care attitude". Africa should seriously go back to farming where they have the upper-most advantage for now. Lock our lands against illegal mining by foreigners, research seriously into organic herbal drugs and packaging. Not impossible but with serious minded leaders who are ready to stop the borrowings that have enslaved the continent.

Iweakbro:
This is a slow emotional take. Before the world decentralizes, there needs to be viable alternatives, cause how do you balance import-export deficits?

If Nigeria and Ghana start buying and selling to each other in cedis and naira respectively, when Nigeria archives trade surplus, what would they do with the excess cedis since they can't spend it in Nigeria?

Before the dollar can get out of the way, a viable alternative has to come in. Currently, lots of countries have signed deals to keep selling their oil in dollars, how do you break free from that hegemony?

Even China and Russia haven't dumped the dollar 100% for this sole reason

Humans traded, and lived in lack of European/American slavery for millennia. Western hegemony removed, dollar and Euro trading removed, the world would go back to normalcy, lack of centralized worshipping of the US and Europe when there should rather be free trade with the next next neighbor.

Somehow, tell me, how did the people of old do it? How was primary SW trading with now Mali, now Sierra Leone, now Ghana relating decentralized without going to worship, build government buildings, deposit reserves, etc in some Babylon? The West has destroyed commonsense with their economic whatever postulations. The average European has absolute freedoms of movement (vis their invented passport), but a Nigerian does not! What's the sense in their slave-mastering.

Their 63% of Americans brought their toddler-in-power in, spectacular! They get what they get. Thank you Trump.

Stilloracle:
Angrily at The whole world?
How did America become a super power? Is it not because most countries decided to become allies?
Now if America is fighting the whole of Europe and China and Middle East and Asia.
Are u telling me Only America will defeat everyone joint together?
Thats not possible.
It may take a while but if they all come together, America will be brought to its knees.
Back home in US, there is even strong opposition to Trump's moves even from people that voted him. Daily protests all over the country

US right now is tilting towards recession due to these tarrifs. Unemployment is going up. Stock market is going low

Some BOLD countries have anounced retaliatory
tarrifs. . China. Brazil. Canada. Mexico .
EU sayd they will announce theirs

The world needs realignment

I've said it times without number that theres been no empire that lasted forever that the US crumbling empire will eventually collapse

OneOnland:
Humans traded, and lived in lack of European/American slavery for millennia. Western hegemony removed, dollar and Euro trading removed, the world would go back to normalcy, lack of centralized worshipping of the US and Europe when there should rather be free trade with the next next neighbor.

Somehow, tell me, how did the people of old do it? How was primary SW trading with now Mali, now Sierra Leone, now Ghana relating decentralized without going to worship, build government buildings, deposit reserves, etc in some Babylon? The West has destroyed commonsense with their economic whatever postulations. The average European has absolute freedoms of movement (vis their invented passport), but a Nigerian does not! What's the sense in their slave-mastering.

Their 63% of Americans brought their toddler-in-power in, spectacular! They get what they get. Thank you Trump.

Lol. It can't happen, stop getting emotional. He is balancing trade. Imagine placing tariffs on US goods but expecting the US not to place tariffs on your goods—at who's expense? He has to encourage local manufacturers through that tariff.

Now, your logic is like that of a 2-year-old. It's like saying we should all go back to being without phones. Mind you, a lot of people became billionaires by creating ease for other people. The dollar is an easy means to mitigate trade deficit backlogs. Even China and Russia have not been able to do away with it.

dederocs:
It's a shame that we don't have the executive with the heart to do this, this is the one singular act that will change Nigeria economy for good. N1500 to a naira is a disgrace and this administration must bring it down, this is the crux of our problem in Nigeria as per economics and standard of living of the masses.

Defend the naira with which money?

Go and learn to understand whats going on, bringing dollars down means using money that would have been used to pay salaries to defend the naira

Iweakbro:
Lol. It can't happen, stop getting emotional. He is balancing trade. Imagine placing tariffs on US goods but expecting the US not to place tariffs on your goods—at who's expense? He has to encourage local manufacturers through that tariff.

Now, your logic is like that of a 2-year-old. It's like saying we should all go back to being without phones. Mind you, a lot of people became billionaires by creating ease for other people. The dollar is an easy means to mitigate trade deficit backlogs. Even China and Russia have not been able to do away with it.

Getting emotional? Comparing phone (technology) with absoluteness of Dollar or Euro in settling trades? Do you even know that means, the use of Dollar primarily? It means for any country to ever be, you must have sold something that the US needs or Europe needs for you to have dollar or Euro to trade with anyone else. Essentially, you must be a slave to produce for the US first, then use the proceeds for whatever. Roughly, your value is based on how much the US or Europe needs you.

I mean, what should I expect from you, Trump fanboy?

And on next point, reciprocal tariffs. I had said I wouldn't bother or give a hoot to comment on that, but let me just quote what the Japanese said, "tariff atleast should be on goods-by-goods basis".

Hemanwel:
With all the inciteful, hate-filled, and divisive articles Reno Omokri churn on daily basis, President Tinubu wants to reward him with an ambassadorial appointment? Somebody should tell me it's a joke.
Is the president implying that Reno has done well by those articles he churns out denigrating mostly the southeast and its people?
Is president Tinubu not supposed to be at the forefront of chastising anyone who threatens to the unity of the country by his/her actions and inactions?

It's a big MISS for president Tinubu to want to reward Reno Omokri!

Abeg if Daniel Bwala can get an appointment
Nothing stops Reno

OneOnland:
Getting emotional? Comparing phone (technology) with absoluteness of Dollar or Euro in settling trades? Do you even know that means, the use of Dollar primarily? It means for any country to ever be, you must have sold something that the US needs or Europe needs for you to have dollar or Euro to trade with anyone else. Essentially, you must be a slave to produce for the US first, then use the proceeds for whatever. Roughly, your value is based on how much the US or Europe needs you.

I mean, what should I expect from you, Trump fanboy?

And on next point, reciprocal tariffs. I had said I wouldn't bother or give a hoot to comment on that, but let me just quote what the Japanese said, "tariff at least should be on a goods-by-goods basis".

You just showed your average understanding. Your base currency is a means of exchanging goods and services locally, while the USD is a means to exchange goods or services internationally preventing delay in remittance.

If I decide to convert some naira to dollars and save it, have I produced anything for the US? Little kid.

China for example has been on a consistent $200+ billion trade surplus for many years now. In 2024 China's trade surplus with the US reached US$361 billion, accounting for 2% of China's GDP. Do you know the cumulative damage to the US manufacturing industry?

This year alone, China has achieved a $ 49 billion trade surplus. And you expect Trump to sit and clap for you emotionally lots?

If the US is insignificant, other countries should slap tariffs on them. Case closed. Why the tears? There is nobody to cheat again? Lol.

Difrent:
Defend the naira with which money?

Go and learn to understand whats going on, bringing dollars down means using money that would have been used to pay salaries to defend the naira

I never mentioned defending the naira,maybe you are quoting the wrong person or too dumb to comprehend. The premise of my write up is that we should reduce our demand for dollars, by executing trade agreements with nations so we exchange with local currencies of both nations.

If we reduce our demand/use of dollars the naira will strengthen against it, it's simple demand and supply theory.

Go and learn how to read stop mentioning me on nonsense kid.

Stilloracle:
Maybe I'm not economically knowledgeable enough.
I dont understand why everyone is angry n crying over US tarrifs. US has a population of 340M
The world has a population of 8.6B.
So if a country with only 340M is giving the whole world headache, why cant the whole world boycott, abandon and ignore that country?
Why is trade with America so important?
Why cant all other countries come together and trade with each other? Ofcos there will be some sell outs that want to side with US.

But this crap US is doing needs a new handstands approach. No whining or crying or even negotiating.

WHY CANT AMERICA BE BOYCOTTED?

Why is the U.S. so powerful in global trade?

1. It's Not Just Population — It’s Economic Power:

The U.S. might have only ~4% of the world's population, but it accounts for over 15–25% of global GDP, depending on the metrics.

It’s the #1 consumer economy. Companies around the world rely heavily on American consumers to buy their goods. For example, many countries export cars, electronics, and even raw materials directly to the U.S. for major profits.

2. Dollar Domination:

The U.S. dollar is the world’s reserve currency. That means many global transactions — including oil trades, debt settlements, and foreign exchange reserves — are done in USD.

This gives the U.S. a major economic advantage and leverage (e.g., sanctions, SWIFT access, etc.)

3. Military and Strategic Power:

The U.S. isn’t just an economic force. It’s a military superpower with hundreds of bases around the world.

Nations often align with U.S. policy out of strategic necessity, not just economics.

4. Global Institutions Were Built Around the U.S.:

After WWII, institutions like the IMF, World Bank, WTO, and even the UN were heavily shaped (or bankrolled) by the U.S.

That global order still favors U.S. influence and policy direction.

Why doesn’t the world just ignore the U.S.?

1. Interdependence:

The global economy is deeply interlinked. Supply chains span dozens of countries, and cutting off the U.S. would mean massive disruptions for everyone.

Many economies — especially emerging ones — depend on exports to the U.S. for survival.

2. Tech and Innovation:

The U.S. dominates in tech, pharmaceuticals, software, and research.

Even if you don’t want to deal with American politics, you might need their semiconductors, patents, or software licenses to run your economy.

3. "Boycotting" Has a Price:

Countries that go against the U.S. (e.g., Iran, North Korea, Venezuela) often get hit with sanctions and financial restrictions that cripple their economies.

The cost of boycotting the U.S. is often too high unless a large bloc acts in unity — which is hard to achieve due to diplomatic rivalries, dependencies, or fear of retaliation

So, is there a way out?

Some countries are starting to reduce dependence on the U.S.:

BRICS is pushing for a new financial system outside the dollar.

Nations like China, Russia, and India are increasing bilateral trade in their own currencies.

Regional trade blocs are forming (like RCEP in Asia or AfCFTA in Africa) that prioritize internal trade.

But creating a world that can truly ignore or boycott the U.S. requires:

-Massive economic re-balancing,

-New financial systems,

-Unified political will — and that’s where things get tricky.

dederocs:
I never mentioned defending the naira,maybe you are quoting the wrong person or too dumb to comprehend.

So how do you think the dollar will brought down by the government

Iweakbro:
You just showed your average understanding. Your base currency is a means of exchanging goods and services locally, while the USD is a means to exchange goods or services internationally preventing delay in remittance.

If I decide to convert some naira to dollars and save it, have I produced anything for the US? Little kid.

China for example has been on a consistent $200+ billion trade surplus for many years now. In 2024 China's trade surplus with the US reached US$361 billion, accounting for 2% of China's GDP. Do you know the cumulative damage to the US manufacturing industry?

This year alone, China has achieved a $ 49 billion trade surplus. And you expect Trump to sit and clap for you emotionally lots?

If the US is insignificant, other countries should slap tariffs on them. Case closed. Why the tears? There is nobody to cheat again? Lol.

It's funny how having explained situation to you, you're calling me "Little Kid", "you have average understanding", whereas you're the irredeemable slowpoke ignorant one here.

You wrote:
"""If I decide to convert some naira to dollars and save it, have I produced anything for the US? Little kid."""

Retard, where did the Dollar come from primarily? Nigeria prints Dollar at Aso Rock is how you got the dollar to be exchanged with?

Please, get your brain cleaned before you come back again to public space -- Nairaland.

Nonybb:
Trump is a nice dog that doesn't deserve to be on a loose. To get the best of him, he must be on a leash, guided and conditioned with dog tricks; other than that, he becomes another world figure in Hitler dimension. Go and study Germany in the time of Hitler; his book Mein Kampf, a nazi bible, was an inspiration of the German fascist. An obsessive book to protect them from Jews; the same way Trump is going against globalization with fascist mentality to protect the American economy from the rest of the world

5tupid

Difrent:
So how do you think the dollar will brought down by the government

Seems your IQ is very low, anyone who have an idea of how economics work and understand balance of payments will understand how to increase the value of currency.

Read my previous post clearly, or go learn basic economics, I thought I was talking to a smart person.

idahme:
Why is the U.S. so powerful in global trade?

1. It's Not Just Population — It’s Economic Power:

The U.S. might have only ~4% of the world's population, but it accounts for over 15–25% of global GDP, depending on the metrics.

It’s the #1 consumer economy. Companies around the world rely heavily on American consumers to buy their goods. For example, many countries export cars, electronics, and even raw materials directly to the U.S. for major profits.

2. Dollar Domination:

The U.S. dollar is the world’s reserve currency. That means many global transactions — including oil trades, debt settlements, and foreign exchange reserves — are done in USD.

This gives the U.S. a major economic advantage and leverage (e.g., sanctions, SWIFT access, etc.)

3. Military and Strategic Power:

The U.S. isn’t just an economic force. It’s a military superpower with hundreds of bases around the world.

Nations often align with U.S. policy out of strategic necessity, not just economics.

4. Global Institutions Were Built Around the U.S.:

After WWII, institutions like the IMF, World Bank, WTO, and even the UN were heavily shaped (or bankrolled) by the U.S.

That global order still favors U.S. influence and policy direction.

Why doesn’t the world just ignore the U.S.?

1. Interdependence:

The global economy is deeply interlinked. Supply chains span dozens of countries, and cutting off the U.S. would mean massive disruptions for everyone.

Many economies — especially emerging ones — depend on exports to the U.S. for survival.

2. Tech and Innovation:

The U.S. dominates in tech, pharmaceuticals, software, and research.

Even if you don’t want to deal with American politics, you might need their semiconductors, patents, or software licenses to run your economy.

3. "Boycotting" Has a Price:

Countries that go against the U.S. (e.g., Iran, North Korea, Venezuela) often get hit with sanctions and financial restrictions that cripple their economies.

The cost of boycotting the U.S. is often too high unless a large bloc acts in unity — which is hard to achieve due to diplomatic rivalries, dependencies, or fear of retaliation

So, is there a way out?

Some countries are starting to reduce dependence on the U.S.:

BRICS is pushing for a new financial system outside the dollar.

Nations like China, Russia, and India are increasing bilateral trade in their own currencies.

Regional trade blocs are forming (like RCEP in Asia or AfCFTA in Africa) that prioritize internal trade.

But creating a world that can truly ignore or boycott the U.S. requires:

-Massive economic re-balancing,

-New financial systems,

-Unified political will — and that’s where things get tricky.

"Countries that go against the U.S. (e.g., Iran, North Korea, Venezuela) often get hit with sanctions and financial restrictions that cripple their economies."


Now imagine the whole European Union. Asia and Middle East and Africa

US WONT SURVIVE.
US cant fight everyone at once and win