I Slammed Tariffs On Nigeria For Banning 25 Product Categories Of American Goods – Trump
U.S. President Donald Trump has reportedly said his decision to impose an increased 14 per cent tariff on Nigeria’s exports to the United States stemmed from the country’s import restrictions on 25 American product categories, creating trade barriers between the two countries.
OSUN DEFENDER reports that Trump had last week announced ‘Liberation Day’ retaliatory tariffs on almost all countries, including a 14 per cent tariff on Nigeria.
According to the US government, Nigeria maintains an average 27 per cent tariff against the country, which the politician tagged as ‘unfair dealing’.
In a fact sheet published on Monday by the United States Trade Representative (USTR) as part of Trump’s talking points on the controversial tariff policy, the Trump administration justified the newly imposed tariffs on Nigeria by pointing to a policy that prohibits the export of some products, including food and pharmaceutical goods, from the U.S. to Nigeria.
“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,” USTR explained.
The USTR added, “These policies create significant trade barriers that lead to lost revenue for U.S. businesses looking to expand in the Nigerian market.”
Trump’s decision to impose tariffs targeting the majority of countries around the world has thrown the global economy into turmoil, with stock markets in the United States, China, the United Kingdom, India, and dozens of other nations recording significant falls on Monday.
Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.
