Washington, D.C. – As if the world no dey hot enough, President Donald Trump don drop some serious bombshells for China matter. The man just threaten say he fit pull out from the meeting wey e get planned with Xi Jinping, China’s president. E don start to raise alarm as trade tension between dem two superpowers rise like Indomie pot!
In one of im social media rants (people sabi say Trump no dey hold back for that place), he talk say China don dey vex too much, and e accuse dem of trying to hold the whole world like dem get us for their pocket. E say, ‘I no see any reason to meet with Xi again this month,’ and just like that, e don threaten another 100% tariff on Chinese goods. Omo, how we go take buy chop with that kind wahala?
This jaga-jaga matter come after China tighten their export rules on rare earths, which na the materials wey dey very important for tech and auto industry. You fit talk say dem guys for China no wan make life easy for anybody wey dey depend on dem. Financial markets no gree hear word as S&P 500 now don fall 2.7%, the biggest drop since April. Even Ford, the car company, don dey scratch im head as e don pause production due to the rare earths drama. Na wah!
China don dey flex im muscles too as dem don start investigation against Qualcomm – one of the top tech companies for America. E be like say dem wan make life hard for dem before the big meeting wey go happen for South Korea. (Talk about playing chess with global economy!)
Experts dey talk say Xi specifically dey try to shape the upcoming talks, with this new directives. Jonathan Czin wey dey Brookings Institution don talk say Chinese no dey fear US retaliation anymore. Omo, wetin dem know? He say China fit take this moment race as dem feel say the Trump administration don already blink.
Trade analysts dey shake their heads as dem dey predict possible full-blown trade war wey fit smash the global market. The last time wey both countries dey trade like dis, na wahala e bring come for Wall Street and beyond. We all sabi say rare earths na nothing to joke with, especially for smart gadgets and military gear. Trump don talk say if dem no change their ways, e sure say we go dey negotiate big time.
And now, as China dey impose new port fees on US ships like dem na small children wey wan collect their pocket money, you fit see say things dey hot down there. Those fees be like pay-your-tithe on top your shipping, and e don dey reflect the ongoing tug-of-war.
We no fit lie, matter dey serious here, but with Trump and Xi on opposite sides, na who go win this trade battle? All we fit do na to sit down, watch, and hope say dem go soon reach table fit chat am out. Let’s just pray say no be recession dey wait for us jare!
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