US President Donald Trump has announced that exports from Nigeria to the United States will now be subjected to a 14 per cent tariff.
The decision, which was made public during a ‘Make America Wealthy Again’ event in the Rose Garden on Wednesday, is part of a broader strategy aimed at rebalancing global trade and addressing perceived unfair trade practices.
The newly introduced 14 per cent tariff marks a significant shift in U.S.-Nigeria trade relations, with the U.S. government citing an ongoing trade imbalance.
According to the Trump administration, Nigeria imposes a 27 per cent tariff on U.S. exports, a disparity the U.S. claims has long been detrimental to American businesses and consumers.
