Dbakre1's blog

  In a bold and timely statement, Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), has issued a stark warning to global leaders — including former U.S. President Donald Trump — over the escalating tariff battles threatening the stability of the world economy. Speaking on behalf of the WTO, Okonjo-Iweala decried the growing trend of protectionist policies and retaliatory tariffs that have resurged in recent years, cautioning that these actions are undermining the fragile global recovery and pushing international trade towards a dangerous tipping point. Without directly naming individual countries, she made a clear reference to influential powers like the United States and China, whose ongoing trade spats have sent shockwaves through global supply chains, stifled business confidence, and increased the cost of living across continents. Her remarks, however, were notably pointed in light of Trump's previous trade policies and recent signals from his poli...

     In a move that could rattle economies worldwide, former U.S. President Donald Trump has declared that his planned tariffs will hit “all countries”—not just those with the biggest trade gaps with America. This bold stance signals a sweeping shake-up of global trade, leaving no nation immune. The announcement, made on Sunday, reinforces Trump’s long-standing position on economic nationalism. His reasoning? To level the playing field and curb what he sees as unfair trade practices that hurt American industries. But while the U.S. may aim to benefit from these tariffs, the ripple effect could be immense, affecting everything from consumer prices to international relations. For countries heavily reliant on exports to the U.S., this is a wake-up call. If Trump's policies take effect, they could face higher costs, pushing businesses and governments into tough decisions. Will they negotiate, retaliate, or look for new markets? The coming weeks will tell. One thing is certain...