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Trump to Slap Tariffs on More Chinese Imports



Donald Trump and  President Xi Jinping
  • Trump to Slap Tariffs on More Chinese Imports

President Donald Trump on Tuesday reiterated his readiness to impose tariffs on an additional $267 billion of Chinese imports if China retaliates.

Speaking with reporters in the Oval Office, Trump said China is not ready for a trade deal.

“China wants to make a deal, and I say they’re not ready yet,” Trump said. “I just say they’re not ready yet. And we’ve canceled a couple of meetings because I say they’re not ready to make a deal.”

He further stated that the current U.S. trade deficit with China means “they’ve already retaliated.”

In September, Trump imposed tariffs on $200 billion worth of Chinese imports and threatened to add more if the world’s second-largest economy retaliated.

Refusing to back down, China hit back with tariffs on about $60 billion of U.S. imports.

The trade war between the two largest economies has forced the International Monetary Fund to lower its global economic growth forecast for 2018 and 2019 to 3.7 percent, down from 3.9 percent projected in July.

According to the IMF, risks to the global financial system have risen in the last six months due to deteriorating global trades and could increase even more if pressures in emerging markets escalated.

“Near-term risks to global financial stability have increased somewhat,” the IMF said. “Overall, market participants appear complacent about the risk of a sharp tightening in financial conditions.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Seven Dead in Lagos as Rice Buyers Suffer Fatal Mishap



Rice distribution by customs

Seven individuals lost their lives in Lagos during a stampede at the Yaba office of the Nigeria Customs Service.

The fatal mishap occurred amidst the sale of 25kg bags of rice to Lagos residents, highlighting the dire economic conditions facing many in the country.

The stampede erupted as a massive crowd of people gathered at the venue to purchase the bags of confiscated rice, which were being sold for N10,000 each.

Among the victims was Comfort Adebanjo, a member of the All Progressives Congress (APC), along with six others.

Their untimely demise has cast a shadow over the community and underscored the severity of the economic challenges plaguing Nigeria.

The tragedy has left families shattered and communities mourning the loss of their loved ones. In an obituary released by the APC, Adebanjo was remembered as a cherished member of Ward E1, whose presence will be deeply missed.

The Nigeria Customs Service expressed deep regret over the unfortunate incident, attributing it to impatience among the crowd.

Despite efforts to maintain order and safety, the overwhelming demand for rice led to chaos and ultimately, loss of life.

Abdullahi Maiwada, spokesperson for the Customs, emphasized that every effort was made to ensure the safety of attendees.

However, the sheer magnitude of the crowd overwhelmed their capacity to manage the situation effectively.

The tragic events in Lagos serve as a stark reminder of the profound challenges facing Nigerian communities.

As the nation grapples with economic hardships, the need for comprehensive solutions and support systems to protect vulnerable citizens becomes increasingly urgent.

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Air Peace to Launch Direct Flights to London, Sets March 30 for Inaugural Journey



Nigeria’s leading airline, Air Peace, has unveiled plans to commence direct flight operations to London, with the inaugural flight scheduled for March 30, 2024.

The announcement came during a prelaunch forum organized by the airline, engaging travel agencies and partners involved in the upcoming London flight operations.

The Chief Operating Officer of Air Peace, Oluwatoyin Olajide, assured stakeholders that the London operations would be daily and conducted with Boeing 777 aircraft and Boeing 787 Dreamliner aircraft, known for their modernity and efficiency.

Olajide emphasized the direct, non-stop nature of the flights, without layovers, and the airline’s commitment to providing unbeatable fares.

Air Peace Chairman, Allen Onyema, disclosed that the airline had received approval from the Federal Government, facilitated by the Federal Ministry of Aviation, for flights to New York, USA.

Onyema also declared a unified commission for all airline agents, regardless of size or status.

With commendations from industry leaders and associations for Air Peace’s nationalistic drive and dedication to the country, the airline is poised to connect Nigeria with London and further enhance its international presence.

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Nigeria to Implement Biometric Clearance Gates at International Airports by March 2024




Nigeria is gearing up to introduce a significant upgrade to its airport security measures with the implementation of biometric clearance gates at international airports by March 2024.

This move aims to streamline passenger processing and bolster national security efforts.

Under the plan, five major international airports across Nigeria, including the Murtala Muhammed International Airport in Lagos, Nnamdi Azikiwe International Airport in Abuja, Mallam Aminu Kano International Airport, Port Harcourt International Airport, and Akanu Ibiam International Airport in Enugu, will be equipped with biometric clearance gates.

These gates will utilize advanced technology to provide seamless clearance services for passengers entering the country.

Minister of Interior, Olubunmi Tunji-Ojo, emphasized that the installation of biometric gates reflects Nigeria’s commitment to enhancing border control management and adhering to global best practices.

The gates are expected to significantly reduce clearance times, with a passenger clearing in just 30 seconds.

Tunji-Ojo highlighted the gates’ dual purpose: expediting passenger processing while also enhancing national security by allowing for quick identification of persons of interest.

The initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, aiming to provide quality services to Nigerians while ensuring national security.

This modernization effort is poised to address long-standing issues of delays and improve the overall travel experience for passengers at Nigeria’s international airports.

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