President Donald Trump has rolled out a new trade policy that imposes tariffs on Nigeria and 66 other countries as part of a major shift in U.S. import regulations.
Under the new measure, Nigeria will face a 15% tariff rate, alongside other African nations such as Ghana, the Democratic Republic of Congo, Côte d’Ivoire, Botswana, Namibia, and Uganda, which have also been assigned the same percentage. South Africa, Algeria, and Libya face higher tariffs of 30% each.
The new tariff structure introduces a blanket 10% import duty on all goods entering the United States, with specific countries and product categories facing steeper charges. China has been hit with a 30% tariff, along with additional product-specific duties. Brazil faces a 50% tariff, though certain industries like aircraft and energy may benefit from lower rates. Canada, India, and other countries also face tailored tariffs, with India seeing a 25% rate that could increase by another 25% from August 28.
Critics have warned that the policy could disrupt global trade, increase consumer prices, and trigger retaliatory measures from affected countries, while trade experts caution that disputes could arise at the World Trade Organization.
Discover more from LN247
Subscribe to get the latest posts sent to your email.
