3rd April , 2025
News desk
U.S. President Donald Trump has announced that exports from Nigeria to the United States will now face a 14% tariff, marking a significant shift in trade relations between both nations.
The decision, unveiled on Wednesday during a ‘Make America Wealthy Again’ event in the White House Rose Garden, is part of a broader strategy to address global trade imbalances and protect American industries.
The Trump administration justified the move by citing Nigeria’s 27% tariff on U.S. exports, arguing that the existing disparity has unfairly disadvantaged American businesses. The new tariff, officials say, is intended to rebalance trade between the two countries.
“This is one of the most important days in American history,” Trump declared during his speech. “We will supercharge our domestic industrial base, break down foreign trade barriers, and ensure fair trade for American workers.”
In addition to the tariff on Nigerian exports, Trump announced a sweeping trade policy that includes a baseline 10% tariff on all U.S. imports, affecting over 50 countries. The policy applies to key trade partners such as China, the European Union, India, and Japan, as well as several developing economies across Africa, Asia, and Latin America.
African nations particularly impacted include Algeria (30%), Lesotho (50%), Mauritius (40%), Kenya (10%), Namibia (21%), Ethiopia (10%), and Ghana (10%). South Africa has been hit with a reciprocal 30% tariff.
The move has sent shockwaves through global markets, fueling fears of an escalating trade war and potential economic disruptions worldwide.
