The United States has imposed a 14% tariff on Nigerian exports in response to Nigeria’s 27% tariff on US goods.
This move, announced by US President Donald Trump, is part of a broader effort to address trade imbalances by targeting countries with high duties on US products.
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The policy is expected to affect Nigeria’s trade with the US, which has reached N31.1 trillion over the past decade.
Under the new trade policy, Nigeria becomes one of several African nations facing reciprocal tariffs. The Trump administration’s decision aims to level the playing field by imposing tariffs on countries that levy high tariffs on US goods. This policy could have far-reaching consequences for African economies that depend heavily on trade with the United States.
In addition to Nigeria, other African nations, including Ghana, Ethiopia, and Mauritius, will also face tariffs. Ghana and Ethiopia, which currently impose relatively lower tariffs on US goods-17% and 10%, respectively-will now face tariffs of 10% each from the US. Mauritius, however, is facing a steeper penalty, with a 40% reciprocal tariff due to its significant 80% tariff burden on US exports.
The new tariffs, which are effective immediately, will affect more than 50 countries, including major trade partners such as China, the European Union, India, and Japan.
