Skip to main content

Featured

Why a Small Gulf Town Is Thrilled with Trump's Tariffs

People living in a small coastal village recently rechristened Gulf of America are rejoicing over President Trump's contentious tariff proposal following their economy being devastated by inexpensive imports. Jeremy Zirlott, who works as a commercial shrimp fisherman in Bayou La Batre, Alabama He couldn’t scarcely believe it when he witnessed Trump announcing tariffs on imports from various countries worldwide last week. But while Global markets responded with shock. to the plan, Zirlott told the Wall Street Journal to him, it appeared almost unreal. Trump's tariff plan will impose heavy levies on nations that export the majority of America's shrimp, including a hefty 46 percent tariff on Vietnamese imports and 32 percent on Indonesia . These same imports had decimated the economy in Bayou La Batre in recent years, as the small fishing town couldn't compete with the influx of cheap farmed shrimp from overseas. Income and sales tax revenue in t...
Post a Comment
Read more
Labels

Tinubu Heads to France for Second Anniversary Review of Economic Reforms

On Wednesday, President Bola Tinubu left for Paris, France, beginning a "two-week working visit."

"During the visit, the President will evaluate his administration’s progress at the halfway point and review significant achievements," said Bayo Onanuga, Special Adviser on Information and Strategy for Tinubu, in a statement released on Wednesday.

The title of the statement read, 'President Tinubu set for work trip to Paris'.

Our reporter spotted the President's motorcade leaving his official residence headed for the airport shortly after 11 AM (local time).

The Presidency states that Tinubu will utilize the retreat to "assess the advancement of current reforms and participate in strategic planning as his administration approaches its second anniversary."

"This phase of introspection will shape strategies to enhance current reform efforts and expedite progress toward national development goals in the upcoming year," the statement said.

Recent economic progress underscores the President’s dedication to these initiatives, illustrated by the Central Bank of Nigeria announcing a substantial rise in net foreign exchange reserves to $23.11 billion—evidence of the government’s financial restructuring efforts starting from 2023, at which time net reserves stood at only $3.99 billion.

During his absence, President Tinubu will stay thoroughly connected with his team and keep managing governmental operations.

"He is scheduled to return to Nigeria in approximately two weeks," Onanuga said.

Provided by SyndiGate Media Inc. Syndigate.info ).
Labels:

Comments

Post a Comment