NewStats: 3,263,478 , 8,180,263 topics. Date: Friday, 06 June 2025 at 07:02 AM x4d4r

Trump is a typical alike like a slowpoke as well a pig who has good food in his troughs but prefer to get feed from the gutter. What an absolute madness from an economist morron this idiotic economic decision might blow up the world and plunge his country to take inordinate and reprehensive action against him. Accordingly, he is already scoring two own goals with the third very much ! Let us watch and see how this economic theatrics will unfold!!!!!

Saga16:


What factories are meant to move from Lesotho to USA?

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.

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 .

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

Saga16:


What factories are meant to move from Lesotho to USA?

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 and particularly 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.

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.

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.

The internet never forgets

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.

Well just like Nigeria of today where we have had to dump the 'Gowonesque,' era crude oil fed ideology of 'we don't know what to spend money on', the American government is trying to wean its people of foreign goods and foreign credit.

If you lose your job or you are growing old and retiring soon, at some point you will consider a lifestyle adjustment and those lazy kids who have never washed their clothes will get angry for a while.

Such is life. America will not lead the world forever. The signs are there that age is catching up.

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.

When it becomes harder for Nigeria, you open several s on Nairaland to tell us how you've not eaten for 3 days

Keep yapping rubbish. Emergency er with perpetual chest pain

Saga16:


What factories are meant to move from Lesotho to USA?

Pirates

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?

Your reasoning about China is the reason Trump set the tarriffs...

Keeping my explanation short;
China's currency is falsely undervalued so as to encourage production and manufacturing in China.

The reason almost everyone is upset about these tariffs is because, Trump has basically hit the reset button of the global supply chain economy, and of course many currencies will be revalued again(including the USD) in order to adapt to the new Economy these tariffs will squeeze forth on a global level.

Let me throw this question to you: if the USD was equivalent or slightly lower than the Chinese Yuan RMB, which place would you preferably do business in ... China or USA?

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.

True. And tailing up from my last post it is clear that the world is comfortable to carry American debt. They are the big dog. They will pay.....for now.

But if one day THEY CANNOT PAY. Then they lose EVERYTHING including their much cherished and sacred ideologies SOME other nations cannot stomach.

For a man to be a man he has to BE A MAN. For America to remain a so called great country it has to at least 'delay' the things that ended once great empires....INTERNAL DECAY.

dettolgel:


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

LOL "product of miracle center" bros you wicked 🤣

Even the penguins are not spared.

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 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.

santaclaws:


LOL "product of miracle center" bros you wicked 🤣

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.

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 and particularly 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.

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.

as usual. Predicting doom. God u

Eazywit:
as usual. Predicting doom. God u

Its better we predict accurately and be prepared.
If oil prices rise to 100 dollar a barrel or even more if there is Iran war
We could do very well as a country, pay down our debt and have good reserves.
But for now, its gloom, no sugar coating.

It's only a matter of time before we know if this big gamble would pay off but the indices are not looking good. JP Morgan predicted a 50 percent chance of recession and this prediction is only bound to increase.

As long as it is more expensive to manufacture in US, companies would be reluctant to come there. Then look at the logistics behind such moves. How long would it take before the benefits are seen

Trump has promised that Americans would keep winning until they are tired of winning, same way tilumbu promised that subsidy removal would bring gain after temporary pain but till now, we have seen nothing

The only thing Americans have gained is LGBTQ madness that has been tamed but asides that, they are in for a long 4 or even 8 years

AFRICAN COUNTRY SHOULD LOWER THERE OWN TARIFF TO ENCOURAGE FOREIGN INVESTORS.

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.

SmartPolician, come here and get the education your parents couldn't afford to give you.

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?

The thing is, China is NOT trading fair. They BAN some American companies and slap very high tarriffs on foreign products (which Nigeria also does) meanwhile American market is wide open for them. Is that fair?
Best thing is NO banning any companies and NO tariffs

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.

Really? And who were doing them in the 70's and 80's.
Wasn’t Ameeica better off?

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

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.

I guess you assumed they did that for fun

dettolgel:


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

This one hit to the bones...lol

Trump can have a hidden agenda but left to his dumb Nigerian ers who are ignorants and don’t have a glimpse how economy works. They just hail and him provided he’s pepering their perceived enemy. Trump fit dey use logic even thou he could be wrong, but you see his ers back in Nigeria? They are bunch of emotional clowns who don’t care how all these effects the common man in America instead , waggle their d**ks in celebration of their stupidity. If i talk too much that feemale mod go ban me. Spits

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.

the rich are angry at trump. They are taking away their money away from the stock market...its nothing

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

how has stock market affected a common man?

lets use your tinubu as example...they keep boasting about high stock market and yet economy is in shambles..

stock market not connected to the economy...its just some rich people trading their money..

Saga16:


What about companies in Lesotho?

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 istration 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.