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United States President, Donald Trump, has imposed a 15 percent import tariff on Nigeria and several other African and European countries to advance his sweeping executive order.
The White House announced the modified reciprocal tariff rates on Thursday.
The countries slammed with the tariff are -;Afghanistan, Angola, Bolivia, Botswana, Cameroon, Chad, Costa Rica, Côte d`Ivoire, Democratic Republic of the Congo, Ecuador, Equatorial Guinea, Fiji, Ghana, Uganda, Vanuatu, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Zambia, and Zimbabwe
Others are Guyana, Iceland, Israel, Japan, Jordan, Lesotho, Liechtenstein, Nauru, New Zealand, North Macedonia, Norway, Papua New Guinea, South Korea, Trinidad and Tobago, Turkey, and Venezuela.
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Trump had in April slammed sweeping tariffs on global trading partners, including imposing 14 percent on Nigeria.
Trump’s imposed tariffs, which were greeted with retaliations from other countries, were to take effect after 90 days to give time to negotiate the trade deals, with the deadline set to August 1.
Most negotiations, however, failed to produce new agreements, triggering the rollout of increased tariffs under Trump’s revised global scheme.
It can be noted that in Africa, the US President did not strike a single trade deal with any country, despite frantic efforts by several officials on either side of the divide.
As countries tried to find their way around the taxes in that period, Trump imposed travel restrictions on several African nations.
By: Babajide Okeowo
The post Trump hits Nigeria, other African nations with fresh 15% import tariff appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
