Washington D.C. – United States President Donald Trump announced a 14 percent tariff on Nigerian exports. He stated the measure addresses an unfair trade imbalance. Trump revealed the decision during an event at the White House.
Addressing Trade Differences
The Trump administration highlighted Nigeria’s existing 27 percent tariff on U.S. exports. Officials argue this imbalance hurts American businesses. The new U.S. tariff on Nigerian exports seeks to create a level playing field. Trump stated the goal is reciprocal trade policies and fair trade.
Broader Import Tariffs Implemented
This action is part of a larger trade policy change. The U.S. will apply a blanket 10 percent tariff on all imports. This affects over 50 countries, including major partners like China and the European Union. Several other African nations also face new or increased tariffs. Trump presented the tariff on Nigerian exports and other measures as beneficial for American industry.
