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Trump Launches ‘Reciprocal Tariffs’ Targeting Allies, Adversaries

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US President Donald Trump inked plans Thursday for sweeping “reciprocal tariffs” hitting both allies and competitors, in a dramatic escalation of an international trade war that economists warn could fuel inflation at home.

Speaking in the Oval Office, Trump said he had decided to impose the reciprocal duties, telling reporters that US allies were often “worse than our enemies” on trade issues.

The levies would be tailored to each US trading partner and consider non-tariff factors including value-added tax (VAT).

“Major exporting nations of the world attack our markets with punishing tariffs and even more punishing non-tariff barriers,” Trump trade advisor Peter Navarro told reporters, taking aim at the European Union in particular over VAT.

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Washington will start by examining economies with which the United States has its biggest deficits or “most egregious issues,” said a White House official.

“This should be a matter of weeks, in a few months, but not much longer than that,” the official added, speaking on condition of anonymity.

Trump acknowledged Thursday that US prices “could go up” due to tariffs, but he expressed confidence that they would ultimately ease.

Trump has announced a broad range of tariffs targeting some of the biggest US trading partners since taking office, arguing that they would help tackle unfair practices — and in some cases using the threats to influence policy.

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The president has referred to tariffs as a way to raise revenue, remedy trade imbalances, and pressure countries to act on US concerns.

The White House official said Thursday that the United States has been “treated unfairly,” saying a lack of reciprocity is a reason behind the country’s “persistent annual trade deficit in goods.”

With the memo Trump signed on Thursday, the US Trade Representative, commerce secretary and other officials will work to propose remedies on a country-by-country basis.

Trump’s announcement came hours before he was due to meet Indian Prime Minister Narendra Modi in Washington.

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Analysts have warned that reciprocal duties could bring a broad tariff hike to emerging market economies such as India and Thailand, which tend to have higher effective tariff rates on US products.

Countries such as South Korea that have trade deals with Washington are less at risk from this move, analysts believe.

Inflation concerns

Cost-of-living pressures were a key issue in the November election that saw Trump sweep to power, and the Republican has promised to swiftly reduce prices.

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But economists caution that sweeping tariffs on US imports would likely boost inflation, not reduce it, in the near term and could weigh on growth eventually.

Trump’s deputy chief of staff for policy Stephen Miller previously said countries use the VAT to get an unfair trade advantage, although analysts have challenged this characterization.

During election campaigning, Trump promised: “An eye for an eye, a tariff for a tariff, same exact amount.”

For example, if India imposes a 25-percent tariff on US autos, Washington will have a 25-percent tariff as well on imports of autos from India, explained a Nomura report this week.

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The consideration of non-tariff factors might shift this calculus.

Modi will hold talks with Trump on Thursday and New Delhi offered some quick tariff concessions ahead of his visit, including on high-end motorcycles.

“Trump’s objective of implementing reciprocal tariffs is to ensure fair treatment for US exports, which could indirectly also address US trade imbalances with partner countries,” analysts at Nomura said.

Among Asian economies, India has a 9.5-percent weighted average effective tariff on US exports, while there is a three-percent rate on India’s exports to the United States.

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Thailand has a 6.2-percent rate and China a 7.1-percent rate on US products, Nomura noted.

Higher tariffs are often imposed by poorer countries, who use them as a tool for revenue and protection because they have fewer resources to impose non-tariff barriers, Cato Institute’s Scott Lincicome earlier told AFP.

AFP

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Shettima visits Tinubu in Lagos after UNGA

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Vice President Kashim Shettima has visited President Bola Tinubu in Lagos after representing the President at the 2026 United Nations General Assembly in New York.

The visit was disclosed by the Special Assistant to the President on Social Media, Dada Olusegun, in a post on Saturday.

Shettima, who spoke with journalists after the meeting in his Lagos residence , said he had remained in regular contact with Tinubu during the President’s stay abroad.

“Well, we are quite thrilled that he is back on the seat and we have been in regular contact throughout his sojourn abroad,” Shettima said.

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He said advances in science and technology had made it possible for leaders to remain engaged in governance regardless of their location.

“So we have been in regular contact, we speak almost every other day and we are updating him on developments in the nation and we are happy he is back on the seat,” he said.

Shettima also defended some of the economic decisions taken by the Tinubu administration, including the removal of fuel subsidy and the unification of multiple exchange rates.

He urged Nigerians to be patient with the administration, saying the government was introducing measures to ease the economic hardship faced by citizens.

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“When we assume the mantle of leadership, our foreign reserves was a staggeringly low $3.9bn that was not enough to import fuel for one month,” he said.

He said Tinubu “had the courage and the conviction to take far-reaching decisions,” including the withdrawal of the fuel subsidy and the realignment of multiple exchange rates.

“He saved the economy. I want Nigerians to understand this fundamental truism,” Shettima said.

The Vice President acknowledged the hardship being experienced by Nigerians but said the situation would not last indefinitely.

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“We appreciate the pains Nigerians are going through, but tough times do not last forever, tough people do,” he said.

Shettima said the government would roll out programmes aimed at reducing the impact of the economic hardship, including the planned launch of e-logistics in the North-East.

He said the initiative would include 10,600 electric tricycles, 300 buses and e-taxis.

He added that the government was also working on programmes to support students and other vulnerable Nigerians.

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“Be rest assured that we’ll come up with programmes and projects to ease the pains of the people,” he said.

Shettima also said the administration would combine governance with politics ahead of the 2027 general elections.

“Politics is in the air, but we’ll combine politics and governance,” he said.

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14 To Receive National Honours As FG Automates Teachers’ Awards

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The Federal Government has digitalised the selection process for the 2026 President’s Teachers’ and Schools’ Excellence Awards (PTSEA), ending the manual process previously used to select outstanding teachers and schools.

The Minister of State for Education, Prof Suwaiba Said Ahmad, disclosed this in yesterday during a press briefing ahead of the 2026 World Teachers’ Day celebration scheduled for October 5.

She said 14 teachers, schools and other education stakeholders would be recognised under the 2026 awards, with the first, second and third-best teachers receiving prizes, while other awardees would receive laptops.

World Teachers’ Day is observed annually on October 5 and has been celebrated since 1994. The 2026 edition also marks 60 years of the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers, which established international standards relating to teachers’ rights, responsibilities, preparation, recruitment, employment and working conditions.

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Ahmad said the digital selection process was introduced in line with African Union guidelines to promote transparency, accountability, security and proper documentation in the selection of awardees.

“For the first time, the selection process coordinated by the Federal Ministry of Education was digitalised in line with the African Union guidelines to ensure certainty, accountability and reference,” she said.

She said the annual celebration, organised by the Federal Ministry of Education in collaboration with the Nigerian Union of Teachers (NUT), would focus on transforming the teaching profession and preparing teachers for the demands of a rapidly changing world.

According to the minister, the celebration would focus on five interconnected pillars; innovation, mobility, artificial intelligence, inclusion and professional excellence.

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She said teachers from the 36 states and the Federal Capital Territory would participate in the October 5 celebration, including a march-past featuring state flags and cultural attire to showcase unity, diversity and cooperation.

Speaking on behalf of Nigeria Union of Teachers (NUT) President, Comrade Titus Amba, the union’s Deputy National President, Kizito Kalu, said the changing nature of education made it necessary to strengthen rather than diminish the professional role of teachers.

Kalu said technology and artificial intelligence were transforming education, but teachers must remain at the centre of the learning process.

“The NUT believes that a strong education system cannot be built without a strong, respected and adequately supported teaching profession,” he said.

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He added that teachers needed to be equipped to navigate technological changes with confidence and competence.

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Gov. Zulum urges Tinubu govt to resume oil exploration in Borno

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Governor Babagana Zulum of Borno on Saturday urged the federal government to resume work on oil exploration projects in Magumeri and Gubio Local Government Areas of the state.

Mr Zulum made the call while addressing the 13th regular meeting of the North-East Governors’ Forum in Maiduguri.

The governor, however, commended President Bola Tinubu for making efforts to revive oil exploration at the Kolmani oil field in Bauchi State.

The two-day meeting, which commenced on October 2 and ends on October 3, brought together leaders from the six North-Eastern states to discuss regional security, economic development and infrastructure cooperation.

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The governor, who chairs the forum, described the renewed efforts to revive exploration at Kolmani in Bauchi State as a significant step towards unlocking the economic potential of the North-East.

He said the development could create employment, stimulate infrastructure growth, expand government revenue and open up new economic opportunities for communities across the region.

“We particularly welcome the renewed efforts towards reviving exploration activities at the Kolmani Oil Field in Bauchi State.

“The revival of this important project represents more than an investment in the oil and gas sector; it offers an opportunity to unlock new economic possibilities, create employment, stimulate infrastructure development and broaden the revenue base of our states and communities,” Mr Zulum said.

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He urged the federal government to extend the renewed momentum to Borno State, where earlier oil exploration activities in Magumeri and Gubio Local Government Areas had stalled.

“In the same spirit, we respectfully urge the Federal Government to revisit the exploration activities earlier commenced but subsequently stalled in Magumeri and Gubio Local Government Areas of Borno State,” he said.

Mr Zulum said responsible exploration and development of the state’s natural resources would complement ongoing reconstruction efforts, strengthen local economies and restore livelihoods in communities affected by years of insurgency.

According to him, reviving oil exploration in Borno and other parts of the North-East could also support economic diversification, generate jobs and create sustainable opportunities for the region’s growing population.

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He added that renewed investment in the oil and gas sector, particularly around the Lake Chad Basin, should form part of a broader regional strategy to accelerate economic recovery and development.

Also speaking, Gombe State Governor, Inuwa Yahaya, highlighted some achievements of the forum since its establishment, including the creation of the North-East Education Council and initiatives to address the challenges of Almajiri education and out-of-school children.

Mr Yahaya said the states were pursuing different approaches to expanding access to education, citing Borno’s Tsangaya Commission, Taraba’s Almajiri Model Education Centres and Gombe’s Integrated Almajiri Education Centres.

He also noted that the region’s commissioners for health established a regional health platform in 2024 to improve cooperation, strengthen responsiveness and facilitate the sharing of best practices among the states.

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Governor Ahmadu Fintiri of Adamawa and attended the meeting, while Bauchi and Yobe states were represented by their deputy governors.

Other dignitaries included Borno Deputy Governor Umar Usman Kadafur; APC governorship candidate Mustapha Gubio and his deputy, Ali Isa Abdullahi; APC deputy ational chairman Ali Bukar Dalori; and the party’s state chairman, Bello Ayuba.

Traditional rulers from across the region also attended, led by the Shehu of Borno, Abubakar Umar Garbai Elkanemi.

The meeting is expected to issue a communiqué outlining the forum’s resolutions on security, economic integration, infrastructure development and other priorities for the North-East.

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(NAN)

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