Thursday, June 5, 2025
Nation's Curiosity
  • Home
  • News
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
No Result
View All Result
Nation's Curiosity
Home World

Trump Slammed Tariffs on Nigeria for Banning 25 Categories of American Goods

Godwin Asiegbu by Godwin Asiegbu
April 9, 2025
in World
0
Trump Slammed Tariffs on Nigeria for Banning 25 Categories of American Goods
0
SHARES
192
VIEWS
Share on WhatsappShare on Facebook

U.S. President Donald Trump has defended his administration’s decision to impose a 14% tariff on goods exported from Nigeria, stating that the move was in response to Nigeria’s long-standing restrictions on American products.

The tariffs, part of a broader wave of trade penalties branded as ‘Liberation Day’ measures, were announced last week and target nearly every U.S. trading partner.

Related posts

Nigeria’s import prohibition is criticised by the US Trade Representative, who asserts that it has a detrimental impact on American exporters

Nigeria’s import prohibition is criticised by the US Trade Representative, who asserts that it has a detrimental impact on American exporters

April 8, 2025
“Desperate for relevance” UK Prime Minister Keir Starmer slams Kemi Badenoch

“Desperate for relevance” UK Prime Minister Keir Starmer slams Kemi Badenoch

February 27, 2025

According to a fact sheet released by the Office of the United States Trade Representative (USTR) on Monday, Nigeria enforces import bans on 25 different categories of goods from the U.S.—a policy the Trump administration argues has created substantial trade barriers and hampered the ability of American companies to operate fairly within the Nigerian market.

“These import bans disproportionately affect American exports in key sectors such as agriculture, pharmaceuticals, beverages, and consumer products,” the USTR stated. “Nigeria’s restrictions on items like poultry, pork, beef, fruit juices, medicaments, and spirits undermine U.S. access to one of Africa’s largest markets.”

The USTR also emphasized that these policies have cost American exporters millions in lost revenue, citing them as part of a broader pattern of unfair trade practices.

President Trump has claimed that Nigeria maintains an average 27% tariff on U.S. imports—nearly double the rate imposed by the U.S.—and described the imbalance as a form of economic sabotage. “We’re simply demanding fair play,” Trump said in remarks following the announcement. “America will no longer tolerate one-sided trade.”

The global reaction to Trump’s sweeping tariff announcement has been swift and severe. Stock markets across the globe experienced sharp declines, with major indices in the U.S., China, Europe, and India all posting losses. According to Bloomberg, the world’s top 500 billionaires collectively lost over $208 billion within 24 hours of the policy rollout—marking the fourth-largest one-day drop in the history of the Bloomberg Billionaires Index.

Among the international responses, China and Canada have announced retaliatory trade measures. China, in particular, has introduced a 34% counter-tariff on a broad range of U.S. goods and has implemented export restrictions on several critical rare earth elements, pharmaceutical components, and agricultural products. Canadian authorities have hinted at targeted levies on American-made machinery, auto parts, and consumer electronics.

The escalating trade tensions have raised concerns among global economists and policy analysts, many of whom warn that an extended tariff war could plunge the world economy into a new era of instability and contraction.

Back in Nigeria, economic stakeholders are watching closely as the impact of the U.S. tariff unfolds. Trade experts warn that the 14% hike could negatively affect Nigerian exports, particularly in the oil, textile, and agro-processing sectors. Some have also called for a reevaluation of Nigeria’s import policies to prevent further diplomatic and economic fallout.

While no official response has been issued by the Nigerian government as of press time, sources within the Ministry of Trade and Investment suggest that discussions are underway to assess the implications and potential responses to the U.S. decision.

Tags: Trump
Previous Post

Governor Otti appreciates the Supreme Court’s resolution of the Labour Party crisis

Next Post

A Historic Day for Ofeme: Celebrating Unity Peace and Progress – OPUF

Next Post
A Historic Day for Ofeme: Celebrating Unity Peace and Progress – OPUF

A Historic Day for Ofeme: Celebrating Unity Peace and Progress – OPUF

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Ben Kalu Et Obi Aguocha: A Bill for the conversion of Michael Okpara University of Agriculture, Umudike, into a Conventional University passes it’s second reading

Ben Kalu Et Obi Aguocha: A Bill for the conversion of Michael Okpara University of Agriculture, Umudike, into a Conventional University passes it’s second reading

4 months ago
NDLEA arrests 75-year-old man, seizes illicit substances in Kano

NDLEA arrests 75-year-old man, seizes illicit substances in Kano

4 months ago
HEALTH: 7 signs of liver problems you shouldn’t ignore

HEALTH: 7 signs of liver problems you shouldn’t ignore

5 months ago
Just in: PCRC Abia Honors Mayor Igbokwe for Outstanding Contributions to Peace and Security

Just in: PCRC Abia Honors Mayor Igbokwe for Outstanding Contributions to Peace and Security

4 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Agriculture
  • Business
  • Culture
  • Education
  • Entertainment
  • Headline
  • Headline
  • Health
  • Igbo
  • Lifestyle
  • National
  • News
  • Nollywood
  • Opinion
  • Politics
  • Relationship
  • Religion
  • Sports
  • Travel
  • Trending
  • Uncategorized
  • World

BROWSE BY TOPICS

2025 2027 Abia Abia state Abiola Abuja Aguocha Akpabio AKWA IBOM Alex Otti Apc Atiku Bill Buhari Democracy Education EFCC El-rufai FG Fubara GOVERNMENT Governor Igbo IPOB Kano Labour Party MOUAU NANS Natasha Nigeria Nnamdi Kanu Nysc Obasanjo Obi Aguocha Otti Peter Obi Police POWER SENATE South East Terrorism Tinubu Umuahia Umuahia North Wike

POPULAR NEWS

  • Wike Begs Fubara to Join Him in Abuja to Appeal to Tinubu Against Rivers Emergency Rule

    Wike Begs Fubara to Join Him in Abuja to Appeal to Tinubu Against Rivers Emergency Rule

    0 shares
    Share 0 Tweet 0
  • BREAKING NEWS: Fubara Achieves Court Victory – Federal High Court Orders Sole Administrator to Vacate Government House

    0 shares
    Share 0 Tweet 0
  • BREAKING GOOD NEWS: Mazi Nnamdi Kanu wins Federal Government in trial within trial case in court

    0 shares
    Share 0 Tweet 0
  • Hon. Obi Aguocha Releases Comprehensive List of Educational Support Beneficiaries Across 32 Wards in Ikwuano/Umuahia

    0 shares
    Share 0 Tweet 0
  • Sad: MOUAU graduate rapeđ and killed in Asaba today

    0 shares
    Share 0 Tweet 0
Nation's Curiosity

We bring you unfiltered news to satisfy your curiosity.

Follow us on social media:

Recent News

  • Rtn. Uchechukwu Udeji (Nwa Ghana) Distributes Loads of Milk to Schools in Umuahia to celebrate World Milk Day 2025 [PHOTOS]
  • NYSC: “Ending Plastic Pollution” World Environment Day 2025 in Akwa Ibom State [VIDEO] – Godwin Asiegbu
  • Hon. Obi Aguocha Listens, Legislates, and Builds – A Champion for the People

Category

  • Agriculture
  • Business
  • Culture
  • Education
  • Entertainment
  • Headline
  • Headline
  • Health
  • Igbo
  • Lifestyle
  • National
  • News
  • Nollywood
  • Opinion
  • Politics
  • Relationship
  • Religion
  • Sports
  • Travel
  • Trending
  • Uncategorized
  • World

Recent News

Rtn. Uchechukwu Udeji (Nwa Ghana) Distributes Loads of Milk to Schools in Umuahia to celebrate World Milk Day 2025 [PHOTOS]

Rtn. Uchechukwu Udeji (Nwa Ghana) Distributes Loads of Milk to Schools in Umuahia to celebrate World Milk Day 2025 [PHOTOS]

June 5, 2025
NYSC: “Ending Plastic Pollution” World Environment Day 2025 in Akwa Ibom State [VIDEO] – Godwin Asiegbu

NYSC: “Ending Plastic Pollution” World Environment Day 2025 in Akwa Ibom State [VIDEO] – Godwin Asiegbu

June 5, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2024 Nation's Curiosity - Satisfying your curiosity