Trump’s Sweeping Tariffs Raise Global Concerns, Nigeria And Other African Nations Affected

US President Donald Trump announced red hot tariffs during a “Liberation Day” event at the White House on Wednesday. Trump imposed a 14% tariff on Nigerian exports to rebalance trade and protect US industries. He also introduced a 10% baseline tariff on all imports from every country. Higher rates apply to nations with trade surpluses with the United States.

Trump stated his country has suffered unfair trade for over 50 years. He vowed to stop the plundering of US taxpayers and to protect American manufacturing. Analysts expect these tariffs to generate hundreds of billions in revenue.

Trump’s tariffs policy now hits several African countries. Lesotho faces a 50% tariff on its goods. Other African nations see high rates: Botswana at 37%, South Africa at 30%, Tunisia at 28%, and Côte d’Ivoire at 21%. Egypt and Morocco face 10% tariffs each. Though Nigeria and some African countries escape additional charges, they still incur the 10% baseline tariff on imports.

Nigeria exported goods worth €5.75 billion to the United States in 2023, while importing €2.74 billion, resulting in a trade deficit of €3.01 billion. This trade gap further fuels concerns over the new tariff’s impact on Nigerian exports. Trump’s tariff aims to correct this imbalance and force fairer trade practices.

US officials announced that the new baseline tariff would take effect on April 5, with higher duties beginning on April 9. These measures mark a dramatic shift in US trade policy. Critics warn that such tariffs may trigger retaliatory measures from affected nations.

The move has ignited debates over its economic implications. Many Nigerian industry stakeholders and policymakers now closely monitor the situation. The Trump administration insists that the tariff will drive domestic growth and protect American workers. The policy highlights a fierce approach to international trade that could reshape global market dynamics.