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US Tariffs To Hit All Countries, Says Trump - Foreign Affairs - Nairaland 6l5z4w

US Tariffs To Hit All Countries, Says Trump (12278 Views)

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Omooba77: 9:52am On Mar 31
President Donald Trump said Sunday that the tariffs he plans to impose in the coming days will apply to “all countries,” not just those with the largest trade imbalances with the United States.

Trump has promised a “Liberation Day” on April 2, when he is set to unveil reciprocal levies to address trade practices that his government deems unfair.

“You’d start with all countries, so let’s see what happens,” Trump told reporters onboard Air Force One, dashing hopes he might scale back some of the threatened levies or that they would target a select group with persistent trade imbalances.

“I haven’t heard a rumour about 15 countries, 10 or 15,” he said when asked which nations would be affected.



Essentially all of the countries that we’re talking about. We’ve been talking about all countries, not a cutoff,” he said, without giving details.

Trump’s tariff salvo had been expected to target the 15 percent of partners that have persistent trade imbalances with the United States, a group Treasury Secretary Scott Bessent called a “Dirty 15.”

But despite widening the target, the president insisted his tariffs would be more “generous” than those levied against the United States.


“The tariffs will be far more generous than those countries were to us, meaning they will be kinder than those countries were to the United States of America over the decades.


“They ripped us off like no country has ever been ripped off in history, and we’re going to be much nicer than they were to us. But it’s substantial money for the country nevertheless,”
he said.

Trump has already slapped tariffs on steel and aluminum imports and additional levies on imports from China.

Tariffs on imported autos are also due to take effect on April 3.

Trump’s top trade aide Peter Navarro said the tax on auto imports could raise $100 billion a year.

“And in addition, the other tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period,” Navarro told Fox News Sunday.

Trump’s plans to unleash a wide range of reciprocal tariffs risk a global trade war, with other countries already vowing to retaliate and economists warning the sweeping moves risk stoking inflation and triggering a downturn.


Trump has defended the levies as a way to raise government revenue and revitalise US industry.


https://punchng.com/us-tariffs-to-hit-all-countries-says-trump/?

1 Like

NwaNimo1(m): 9:53am On Mar 31
Trump

30 Likes 2 Shares

SoftSport(m): 9:55am On Mar 31
Trump’s tariffs might shake things up, but Nigeria, under Tinubu, is ready to seize new trade opportunities. 🇳🇬💼

13 Likes 6 Shares

RichBoy247: 9:55am On Mar 31
E go soon cry

15 Likes 2 Shares

JASONjnr(m): 11:08am On Mar 31
When the effect of this is on Nigerians.... they will rather blame the government than use their talents or skills to improve their lifestyle.....

Hopefully, any president who puts his people first is worth celebrating...

That's why I celebrate Tinubu...

15 Likes 3 Shares

Typing: 11:15am On Mar 31
SoftSport:
Trump’s tariffs might shake things up, but Nigeria, under Tinubu, is ready to seize new trade opportunities. 🇳🇬💼

Tinubu is incompetent and clueless

47 Likes 2 Shares

Chibuzoripob: 1:54pm On Mar 31
sad The people that tagged TRUMP VILLAGE STUPID 🐐 are on spot,accurate and VERY CORRECT

18 Likes 8 Shares

Sermwell(m): 1:54pm On Mar 31
Ronu wailing bastards and agbado munching nitwits will blame Trump for tarrifs and hail thiefnubuu for taxing! cheesy cheesy

Useless people! grin

Watch them quote to tag me igbo as if igbos stole their destinies instead of thiefnubuu! grin

8 Likes 1 Share

God1000(m): 1:54pm On Mar 31
Foolish man

14 Likes 4 Shares

dozymars(m): 1:55pm On Mar 31
Bring it on.

5 Likes 3 Shares

concho(m): 1:56pm On Mar 31
Trump+Agbado

Now all of us are dead
iampeterben(m): 1:56pm On Mar 31
No problems na as the world power country make Una be. Creating unnecessary enemies for the United States.

3 Likes 3 Shares

SouthSouth1914: 1:56pm On Mar 31
No direction! Hurting your own economy in the process

10 Likes 2 Shares

helinues: 1:56pm On Mar 31
Circulated sweet

grin cheesy

27 Likes 2 Shares

TechCapon(m): 1:56pm On Mar 31
grin
Jacktheripper: 1:56pm On Mar 31
We will soon this world for you guys. Make una kuku eat am.

2 Likes

efemena5050(m): 1:57pm On Mar 31
One thing with grace is that men tend to abuse it......this orange fool came under the guise of grace and Gods benevolence now is acting as though he is mightier and more endowed with capacity to operate .......the idiot will soon fall........his doing too much lately .....

8 Likes

blueghost(m): 1:57pm On Mar 31
This man grin cheesy

2 Likes

rowland545(m): 1:57pm On Mar 31
Let me explain what this means....There is a war coming...but instead of guns they are using the economy

8 Likes 2 Shares

CoronaVirusPro: 1:57pm On Mar 31
Dumbest president in world history!

13 Likes 2 Shares

papyjaypaul: 1:58pm On Mar 31
Trump is only just setting up multilateral trade agreements again and USA will not win all. Let me give you a typical example. If with a 50% tariff, it still costs $20 less to buy a laptop spare part from China than in USA, which country do you think I'll buy from?

This is what is killing Nigeria too. Chinese products are cheaper so even if Tinubu gives them 100% tariff, their prices may be cheaper in yuan than in naira cry

7 Likes 1 Share

jazzman7711: 1:58pm On Mar 31
Typing:


Tinubu is incompetent and clueless

No he’s not.

It’s you that lacks a working brain.

If you didn’t, you would know his policies have put the country on the right trajectory of growth.

12 Likes 2 Shares

canalily(m): 1:58pm On Mar 31
Only this bully will soon be buying American products including Visa .... strong Bully Billy 🥺🥺🥺

7 Likes 3 Shares

Awise09(m): 1:58pm On Mar 31
Worm up worm up worm up
blueghost(m): 1:58pm On Mar 31
God1000:
Foolish man
grin cheesy why is he foolish again
oluseyiforjesus(m): 1:58pm On Mar 31
Trump is only telling every country to be independent

6 Likes 3 Shares

Chibuzoripob: 1:59pm On Mar 31
angry angry Pa Madukwe Righteousness2 sad. I doubt you'll escape HELL FIRE 🔥 sad

1 Like 1 Share

MEGAWATCH: 1:59pm On Mar 31
JASONjnr:
When the effect of this is on Nigerians.... they will rather blame the government than use their talents or skills to improve their lifestyle.....

Hopefully, any president who puts his people first is worth celebrating...

That's why I celebrate Tinubu...


Did you celebrate Jonathan as well?


Yorubas self!

3 Likes 3 Shares

ScamDemicEra: 1:59pm On Mar 31
.... controlled demolition of world economy !!

Trump said "I am the chosen one" -now we're beginning to understand what he's chosen to do.

May OLODUMARE hasten the expiry date.

6 Likes

papyjaypaul: 2:00pm On Mar 31
canalily:
Only this bully will soon be buying American products including Visa .... strong Bully Billy 🥺🥺🥺

This is why he is against BRICS. Imagine the world shifting to a new payment system that is not American while shifting away from the American dollar. America is yet to suffer because of the hold of the financial system. Break that and America will sit up.

5 Likes

kingxsamz(m): 2:02pm On Mar 31
In all of this I want you to take note of how Trump hasn't done or said anything negative regarding Nigeria. He knows not to mess with our president Tinubu, because Tinubu will wipe the floor with him. 💪🏾
if he thinks he has balls to go against us, let him bring it on. If it's war he wants, we'll give him war. Dem no dey tell person.

11 Likes 2 Shares

jazzman7711: 2:02pm On Mar 31
oluseyiforjesus:
Trump is only telling every country to be independent

While his country remains dependent on the world using the dollar as its reserve currency.

Watch as the world’s confidence in, and use of the dollar evaporates under Trump’s reign of madness guaranteed to destroy his country.

10 Likes 1 Share

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