₦airaland Forum

Undefeated.

SalamRushdie:
Wiped out to where?😅😅 , it will come back by third quarter, just hold your stocks , these are temporary market reaction because they have never withnessed such blanket reciprocatory tarriff response before...

So, retirees are meant to hold on till 3rd quarter?

SalamRushdie:
200 thousand job losses from deliberate govt cuts that will save America 1 trillion dollars annually...the govt is just 90 days in , y'all will come around soon from your weeping and see results...If you don't like the tarriff tell you govt to reduce theirs ..Have you ever complained about 75 percent tarriff your useless country charges you when you import an American car while they charge your country only 5 percent if you want to take innoson there ? Abeg park well

Whilst 6 trillion dollars have already been wiped off the stock market.

Your head get oyel so?

grandstar:
What jobs come back? The way Trump talks, you'd think the US was suffering from mass unemployment.

The unemployment rate at the end of last year was 4%. That basically means full employment.

So, even if those jobs don't come back, it isn't the end of the world.

And do you thin̈k US exports don't destroy jobs overseas? They certainly do.

Trump, who is an economic illiterate has simply used a sledgehammer to kill a fly.

He has stated he wants to raise lots of revenue through tariffs. He also believes erroneously that the US can standalone, and also feels the world would bow to the US.

Canada has given him the middle finger and many more will follow.

We are saying the same thing.

I don't want him to reverse his Tarrifs order.

Why any country would trust the USA going forward, beats me.

Lush100:
There are some people when ther car develops a fault on the road and motion is very sluggish. They will rather park the car and take the inconvenience of towing it to destination and use public transport to get home and asking for a auto mechanic to fix it when it arrives .Some other will try to drive the car with the fault till the damage is much larger or irreversible.

This is not how to counter argument with insult.
Pls take your troubles to your abode.
It's either you never took.time to listen to the specific speech on tariff or your are only looking at an immediate gain.

You mean the speech of a blatant liar is now gospel.



You guys.

Lush100:
Thanks. So did you with this little sentence.

Most of you just regurgitate nonsense without evidence and expect people to gobble it up.

Before the 2024 election, people were warned on what the tarriffd would bring, but they refused

The recession is imminent.

Lush100:
Bro it's on the internet space.

Google it .

The simple analogy is because the U.S. has always been rich doesn't mean huge expenses cannot drain it's pocket.

Let's take some football players for example.

If a lambogini cost 500k USD and your seller charges u 800k USD because u are a footballer
;he knows but he's on 500k weekly at ManU. and then u go from ManU to Fenebache after his contract is not renewed
You think a rational footballer will continue that same giveaway.

Simple goods that sell for example 1MT would because of the cost increase would now only be able to pull a demands of say 500kg.

Again the logistics of moving goods from factories in China coupled with higher tariff for a market sales in U.S. will means its better to have your factory situated in the U.S.

That's the long term goal.

Already population in US and some domestic debt will reduce (on the long run) as a result on deportation the U.S. has initiated leading to lesser unemployment.

Aside the knock off effect it will cause now...that's the bigger picture or Main goal

This entire epistle whilst unable to back your claims.

SalamRushdie:
It will pick up

Who would pick it up?

Until the jobs come back Trump must NOT rescind his Tarriffs .

Lush100:
Sir

What is the tariff Lesotho charge on US goods?

Why the huge disparity?

The US is now charging about half of what most countries charge the US.

Again the volume matters.
China trade with US is very significant whereas Lesotho is very small.
I think they are basically into cloths like jeans.
The imbalance of trade is what the administration is trying to correct and not some other fancy things people are making it out to be. On the short run it pays nobody but on the long run the U.S. will be better for it.
That's my opinion and only time will tell.

What are the charges on American goods , and please be specific.

Reference:
Let me tell us a short story I mentioned days ago that will resonate with this whole America trade mess.

Nigeria has been in a defacto recession for years now....abi.... I mean business have folded up in number, consumption has sunk, jobs lost, wages tanking on real terms and structural adjustments everywhere.

Most folks who have customers and/or clients have seen the lake progressively dry up so the hippos are now competing with the alligators for space, tensions have risen.

If your client portfolio has shrunk from say 100 to 10, do you increase your charges towards the remaining 10 to make up or maintain the charges and take a 90 point hit.

Conventional wisdom will tell you that if you seek to maintain income you risk losing the remaining 10 clients. You find a sweet spot of raising charges but care for your clients must become top priority. You improve or increase service to retain the 10.

You take a financial hit while sweating more. Now how many can do that.
The criticism of the rest of the world towards America shows that few are concerned about that 'important' client.

This matter started with aid withdrawals before tariffs. America wanted first to see if any cared about them. But it is clear most only care about what they get from them.

And this is from the average immigrant to the average investor.

All this is tosh.

Name one president apart from Trump that would implement same policies that you would not slaughter?

Are people's 401ks ever going to recover?

For some hairbrained scheme, retirees have to suffer?

A man who has a reputation for bankrupting several companies knows better than all the Nobel laureates.

Someone employing yes men and highly incompetent underlings into his departments is who you expect to have all the answers?


This i've got to see.

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.

You don't go bankrupt because you don't manufacture high labour jobs.

You go bankrupt when your income is less than your expenditure.

America is a like a Medical Doctor feeling cheated because the Mexican mowing his lawn charges him 40 Dollars.

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.

What factories are meant to move from Lesotho to USA?

Lush100:
This is bound to happen.

This is to force companies that depend (have factories) on China to move back to U.S.

What about companies in Lesotho?

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.

Jobs are not coming back to US.

seunmsg:
They either rein in Trump now or they are all gonna be shellacked in the next election.

He's the real TPain.

helinues:
Toh

Trump is reckless . He sometimes act before thinking

Sometimes?

No.lose guard.

OlaDevil would soon tell you it's a celebration.

Should have been longer.

Sore loser.

Whilst ruining American pensions.

GRACEGLORY:
That's not the case.


Trump is trying to accelerate the impact of the interest rates by using tariffs as a form of pressure. This tactic is to finish what the hike in rates is expected to do, that's why he's pushing the Federal Reserve to lower rates now to prevent a recession from the combined effects. While the tariff strategy aims to address global imbalances and encourage other countries to offer the best deals to the U.S, it also sets the stage for the president to implement the largest tax cuts that he promised the Americans.

I believe Mr. President got a plan.

What plan?

Would you have said the same for another president?

You mean the people he's trying to help must first lose their money and pensions for nonsense?

We want to know you aren't just marrying her for her papers.

Abi, what am I even saying?

Yamleg:
What can I use to dissolve my yamleg?

Eat amala and Ewedu soup

Obi would not be happy.

Nonsense.

Any truthful person knows there are many of the same abroad.

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?

bemeruca:
Washington

State?

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?

bemeruca:
They can't. Treat US bad n cry when they say enough is enough.

What do you mean they can't?

Can US boss the entire world?

bemeruca:
They are. General motors is hiring as a result of the tariff. The stock will stabilize. This is not new.

250 temporary jobs whilst Stellantis is pausing 900 jobs.