Trump Slaps 15% Tariff on Nigeria, Others in Major Trade Shakeup — South Africa, Libya Hit Harder
In a bold move to recalibrate global trade, U.S. President Donald Trump has officially imposed 15% import tariffs on Nigeria and several African nations, effective August 1.
The sweeping tariffs — under the Executive Order "Further Modifying the Reciprocal Tariff Rates" — also target Zimbabwe, Zambia, Ghana, Malawi, Madagascar, Uganda, Mozambique, Mauritius, and Lesotho.
South Africa and Libya face even steeper tariffs of 30%, while Tunisia will pay 25%. Outside Africa, countries like India (25%), Japan (15%), and the UK (10%) are also included.
> This marks the second round of tariffs on Nigeria this year, following an earlier 14% hike in April.
According to the White House, the tariffs are part of a broader push to ensure "reciprocal trade terms" with nations benefiting heavily from U.S. markets.
#TrumpTariffs #NigeriaUSRelations #GlobalTrade #TariffWar #AfricaTrade #USImportDuties #TrumpPolicy
In a bold move to recalibrate global trade, U.S. President Donald Trump has officially imposed 15% import tariffs on Nigeria and several African nations, effective August 1.
The sweeping tariffs — under the Executive Order "Further Modifying the Reciprocal Tariff Rates" — also target Zimbabwe, Zambia, Ghana, Malawi, Madagascar, Uganda, Mozambique, Mauritius, and Lesotho.
South Africa and Libya face even steeper tariffs of 30%, while Tunisia will pay 25%. Outside Africa, countries like India (25%), Japan (15%), and the UK (10%) are also included.
> This marks the second round of tariffs on Nigeria this year, following an earlier 14% hike in April.
According to the White House, the tariffs are part of a broader push to ensure "reciprocal trade terms" with nations benefiting heavily from U.S. markets.
#TrumpTariffs #NigeriaUSRelations #GlobalTrade #TariffWar #AfricaTrade #USImportDuties #TrumpPolicy
Trump Slaps 15% Tariff on Nigeria, Others in Major Trade Shakeup — South Africa, Libya Hit Harder
In a bold move to recalibrate global trade, U.S. President Donald Trump has officially imposed 15% import tariffs on Nigeria and several African nations, effective August 1.
The sweeping tariffs — under the Executive Order "Further Modifying the Reciprocal Tariff Rates" — also target Zimbabwe, Zambia, Ghana, Malawi, Madagascar, Uganda, Mozambique, Mauritius, and Lesotho.
South Africa and Libya face even steeper tariffs of 30%, while Tunisia will pay 25%. Outside Africa, countries like India (25%), Japan (15%), and the UK (10%) are also included.
> This marks the second round of tariffs on Nigeria this year, following an earlier 14% hike in April.
According to the White House, the tariffs are part of a broader push to ensure "reciprocal trade terms" with nations benefiting heavily from U.S. markets.
#TrumpTariffs #NigeriaUSRelations #GlobalTrade #TariffWar #AfricaTrade #USImportDuties #TrumpPolicy
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