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INVESTIGATION: Dubious Contracts: How fugitive arms broker made millions of dollars from NigeriaFloodwaters of Famine: Maiduguri deluge exacerbates Nigeria’s food crisisIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsRemi Tinubu, what has God got to do with it?, By Festus AdedayoINVESTIGATION: Dubious Contracts: How fugitive arms broker made millions of dollars from NigeriaFloodwaters of Famine: Maiduguri deluge exacerbates Nigeria’s food crisisIreti...
Higher tariffs on imports, improbably high if we are to take Mr Trump’s pledges at the hustings at face value, will have a similarly negative effect. The added revenue this raise may help fix part of the US’s budget deficit. But because tariffs are also a tax on domestic consumers, raising them and the range of imports and import sources they apply to will further put pressure on domestic prices.
What about crude oil sales? Boosters of the economy often tout this as a panacea to the economy’s chronic crisis, if only economic managers could address the myriad problems facing the oil and gas sector. However, one chooses to view the sector’s woes, the discovery of and extraction of shale oil in the U.S. has long eroded whatever advantages our light sweet crude blend once had.
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