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Nigeria was affected following a new wave of US tariffs targeting 60 trading partners that took effect on Friday, replacing an expiring global duty rolled out by President Donald Trump earlier this year.
The levies, which range from 10 per cent to 12.5 per cent and impact major economies like China, India and the European Union, sparked protests from Beijing and other targets.
“The United States has had a forced labour import ban for nearly a century and rigorously enforces it; it’s well past time for our trading partners to do the same,” said US Trade Representative Jamieson Greer. He earlier said that the targeted economies represent the majority of US trade.
The Trump administration has moved swiftly to rebuild the president’s tariff wall after the Supreme Court struck down a host of his duties in February — dealing a blow to his ability to unleash steep levies at will. After the setback, Trump tapped different authorities to reimpose a 10 per cent tariff on imports. But this only lasted 150 days and expired on Friday.
The volley of new duties, initially proposed in June, now takes its place. The measures were planned after a months-long investigation and are considered more resistant to legal challenges than earlier moves.
SB E-news.
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