New York, USA – As e dey hot for political soup, President Donald Trump don hammer on new tariff deadline wey go land on August 1. Na so e go determine how many countries go feel the heat from American markets if dem no fit strike trade deals before the clock tick for midnight.
Chai! The matter don turn be like movie, as Trump dey flex him economic muscles. According to im latest announcements, if countries no fit settle with United States, dem go face serious tariffs wey fit jump as high as 50 percent. Dem dey call am reciprocal tariff, and e no be small wahala.
One thing wey dey vex many people be say, Trump don declare say e no go extend dis deadline. E even post am for him Truth Social platform, “THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE – IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!” E be like say im dey ready for fight, abi na for trade war?
As countries from Canada, Mexico, and even China dey rush to negotiate, dem dey sweat well-well. For real, dis matter don turn like race where dem no wan miss the bus. If the trade deals no work out, dem go feel serious pinch for their economies and relationships.
Inside di last week, Trump don secure some agreements with countries like South Korea and Japan. E even dey sound confident as he dey show dem who be boss. For South Korea, dem agree for 15 percent tariffs on their goods, while Japan pledge to invest $550 billion in America. Omo, the deal no be small, e be like dey don dey play rough.
Economists dey talk say e go cost average American household about $2,400 per year for these new tariffs wahala. Hmmm, my padi, no be small money o! Imagine di level of inflation wey dey come, e fit make price of everyday items rise sharply. Dis no good news for shoppers at all.
Talking about India, na serious gbege dey brew. Trump don announce 25 percent tariffs on Indian goods as e dey vex say India no gree make trade smooth. Dem dey negotiate like say dem wan win Olympic gold. If dem no fit agree before the deadline, e go fit spoil relationship wey don dey build for years.
Na so dis tariff wahala dey echo all over the globe. Countries dey scramble to make sure say dem no fall victim before the deadline waka come. But, who be Trump’s enemies? E don already threaten Brazil and other countries with harsh tax rates too. E don turn like say dis tariff matter dey go far beyond trade, it dey touch on national security and diplomatic relations.
As di clock dey tick towards August 1, we dey watch to see who go come out as winner for dis high-stakes game. Will the economies survive e or will dem crash under di heavy weight of tariffs? Time go tell. But one thing wey sure be say, fintech and trade experts don dey strengthen their laptops as dem plan for possible aftermath of Trump’s tariff regime when e don start.
