ADVERTISEMENT
TechEconomy
Wednesday, May 28, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Why the U.S. Slammed Nigeria with a 14% Tariff

Why the U.S. Slammed Nigeria with a 14% Tariff

Joan Aimuengheuwa by Joan Aimuengheuwa
April 8, 2025
in Business
0
Why the U.S. Slammed Nigeria with a 14% Tariff
Donald Trump, U.S. President

Donald Trump, U.S. President

RelatedPosts

FCCPC - Toriola, MTN Executives Accused of Dodging Court Summons

FCCPC: Toriola, MTN Executives Accused of Dodging Court Summons

May 28, 2025

9mobile Secures National Roaming Approval, Eyes Survival Through MTN’s Network

May 28, 2025

The United States is not pleased with Nigeria. And this time, it’s not about diplomacy or defence. It’s trade.

Nigeria has blocked 25 product categories from entering its borders — a move the U.S. government says is hurting American exporters and breaching the basic rules of global commerce. 

In response, the Trump administration imposed a 14% tariff on Nigerian exports, escalating a conflict that is already rattling economies far beyond Abuja and Washington.

For the U.S. Trade Representative (USTR), the Nigerian policy is one of the ten worst examples of trade discrimination faced by the U.S. in recent times. 

“Nigeria’s import ban on 25 different product categories impacts U.S. exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods. Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit U.S. market access and reduce export opportunities,” the USTR stated.

But let’s be clear — Nigeria didn’t just wake up one day and close the door. The bans were part of the country’s efforts to protect local industries, save foreign exchange, and cut dependency on imports. You could argue it’s economic self-defence. Yet the global market doesn’t operate in isolation.

Trump, never one to sidestep a trade confrontation, has hit back with what he’s calling “Liberation Day” tariffs — and they’re not just aimed at Nigeria. Almost every country on America’s trading list got a piece of the stick. 

“Nigeria maintains an average 27 per cent tariff against the U.S., which is unfair dealing,” the U.S. president said. The message? If you hit U.S. goods, expect a hit back.

There’s more than just political theatre here. U.S. businesses, particularly those in food and drug manufacturing, are reportedly losing millions in potential revenue. 

And the global market felt the punch. Stock markets tanked across continents on Monday. Investors wiped $208 billion off the books of the world’s 500 richest people in less than 24 hours. The last time we saw a drop that sharp was during the height of COVID-19.

Meanwhile, China and Canada didn’t waste time. China hit U.S. products with a 34% tariff and slammed the brakes on exports of seven key rare earth materials. Canada added its own 25% tariff on American vehicles. It’s an economic storm, and every country is adjusting its sails.

Back home in Nigeria, the immediate worry is the impact on non-oil exports. While crude — our comfort zone — is still flowing, sectors like agriculture, manufacturing, and fast-moving consumer goods are now under pressure. Any hope of deeper trade integration with the U.S. could take a serious hit.

So here we are: protectionism dressed as patriotism, tariffs parading as justice, and ordinary businesses caught in between. 

Loading

Advertisements
MTN ADS

0Shares
Tags: Donald TrumpNigeria TariffsNigerian export and importU.S. TariffsU.S. Trade Representative (USTR)
Previous Post

SCOA’s 2024 Profit After Tax Surges 124% to ₦228.8 Million

Next Post

QNET Backs Maternal and Newborn Health with Science-Led Wellness Products on World Health Day 2025

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

FCCPC - Toriola, MTN Executives Accused of Dodging Court Summons
Telecoms

FCCPC: Toriola, MTN Executives Accused of Dodging Court Summons

by Joan Aimuengheuwa
May 28, 2025
0

The commission had filed a two-count charge against MTN Nigeria Communications Plc, Toriola, Chief Corporate Services Officer Tobechukwu Okigbo, and...

Read more
9mobile Secures National Roaming Approval, Eyes Survival Through MTN’s Network

9mobile Secures National Roaming Approval, Eyes Survival Through MTN’s Network

May 28, 2025
Check Point to acquire Veriti

Check Point to Acquire Veriti Cybersecurity

May 28, 2025
EBOCAb LAUNCH IN EBONYI STATE

Ebonyi Launches EBOCAB e-Hailing Taxi Service

May 28, 2025
Telcos, Telecoms 50% Tariffs, Internet, MNOs, Network Providers - the Big Four & Rising Costs | Connectivity in Nigeria

The Price of Staying Connected in Nigeria

May 28, 2025
Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

May 28, 2025
Next Post
QNET products

QNET Backs Maternal and Newborn Health with Science-Led Wellness Products on World Health Day 2025

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.