Los Angeles, California – Na wah o! Na so Donald Trump don blow trumpet again, this time na about tariffs wey go jam the whole global economy. On Monday morning, Trump yan say the new tariff rate for the world go dey between 15 to 20 percent. E be like say na one of those two numbers go be the new normal. No be small matter!
According to our man Trump, “We’re going to be setting a tariff for essentially the rest of the world.” (Chai! Who him want make come chop this wahala?) E no dey play o! Dis new move wey he don do go shake how businesses dey operate inside America. Before this wahala, tariffs on imports from Europe na just 1.2%. Now, na big wahala be dis!
As people dey calculate e, dis new tariffs go fit chop away $2,700 from every American household income annually. (Omo, no be small change o! Some people fit come dey use noodle as their main food if e continue like dis!) But on top all dis gist, the money wey the government go collect from these tariffs fit help reduce the federal deficit. Na balance we dey see for dis naira naira!
Last June, the U.S. Treasury don collect $27.2 billion from tariffs, after dem collect $22.8 billion for May. Who no go like to collect big money like dis? Neil Dutta from Renaissance Macro don compare Trump’s tariff announcement to hotdog eating contest. If you fit eat pass everybody, you go win, even if na foolish contest! (Who go do eat contest for economic policy? Na Trump o!)
With all this wahala coming from Trump, people dey fear say our economy go enter second body. Wall Street analysts dey see am like say e fit bad as recession odds don increase to one in three. (Na who go lift our economy now? The way e be, e no too dey clear!)
Businesses wey suppose dey happy with these tariffs don dey complain say e no dey help dem at all. Even the auto industry wey Trump talk say e wan help too don dey vex for e style. People dey wonder which side the wahala dey suppose for land. Omo, if dem no fit help each other, wetin we go talk? No be we go still dey suffer?
For Australia, na different gists dey happen too. Trump don talk say he fit ramp the tariffs for dem from 10% to between 15-20%. Health Minister Mark Butler don show concern for how e go affect dem. Opposition Leader Sussan Ley dey fire back say Albanese don carry white flag surrender for this tariff fight. “No be so we go clear road for our brothers and sisters in Australia?”
The conclusion wey clear be say, with all dis tariff wahala, people fit need check how dem dey spend their money, because everyday things go begin cost pass. We go just dey sit down dey look Popcorn while dis drama dey unfold.
