Thursday, August 7, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

Trump Hits Nigeria With 15% Tariff In Revised Global Trade Blitz

Ifeanyi Uzoechiena by Ifeanyi Uzoechiena
August 1, 2025
in Featured, Foreign News
0
Trump Hits Nigeria With 15% Tariff In Revised Global Trade Blitz
0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

Nigeria and dozens of other countries have been hit with a 15% import tariff under a sweeping trade order signed by US President Donald Trump, as part of his administration’s revised global tariff strategy.

The White House announced the updated reciprocal tariff rates on Thursday, marking a significant escalation in Trump’s broader trade offensive that began earlier this year.

Related posts

Tragedy Strikes As Inferno Claims Custom Officer, Wife, Four Children Lives

Osun Chief Arrested For Forcing Suspect To Drink Poison

August 7, 2025
Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial

Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial

August 7, 2025

In April, Trump imposed a 14% tariff on Nigerian imports, citing the need for fairer trade terms. That move was followed by a 90-day grace period to allow time for bilateral trade negotiations, pushing the final decision deadline to August 1.

However, the majority of talks failed to result in new trade agreements. As a result, the new tariff rates are now being implemented, with Nigeria among dozens of countries facing increased duties under the revised plan.

African countries, including Nigeria, were unable to secure individual trade deals with the United States despite urgent efforts from both sides. During the negotiation window, Trump also reintroduced travel restrictions targeting several African nations. Though Nigeria was initially exempt, it was later added to the list as the policy evolved.

Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, noted that West African nations were eager to strengthen trade ties with the United States but pointed to the travel restrictions as a major hindrance.

Under the revised tariff schedule:

15% tariffs now apply to Nigeria, Angola, Ghana, South Korea, Turkey, Japan, Israel, Norway, and several others.

10% tariffs target countries such as the Falkland Islands, the United Kingdom, and others not explicitly listed.

Tariffs climb to 18% for Nicaragua, 19% for countries like Indonesia and Pakistan, and 20% for Bangladesh, Vietnam, and others.

More severe penalties include 25–41% tariffs for countries like India, South Africa, Iraq, and Syria.

Switzerland faces a steep 39% duty, while Laos and Myanmar are hit with 40%.

Syria tops the list at 41%.

Meanwhile, negotiations are still ongoing with China, Washington’s main trade rival.

Canada is facing a 35% tariff, while Mexico was hit with a trio of levies, including a 50% duty on metals. Brazil, previously under a 10% tariff, was slapped with an additional 40% charge on Thursday, bringing its total to 50%.

 

VANGUARD

Tags: Import Tariff

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

I Don’t Identify As Nigerian Anymore – Kemi Badenoch

Next Post

Meranda Pays Tribute To Late Ex-Lawmaker

Next Post
Meranda Pays Tribute To Late Ex-Lawmaker

Meranda Pays Tribute To Late Ex-Lawmaker

RECOMMENDED NEWS

Teachers’ Strike: VeryDarkMan Protests, Teaches Children  At Wike’s Doorstep

Teachers’ Strike: VeryDarkMan Protests, Teaches Children At Wike’s Doorstep

2 months ago
Renewed Hope United Kingdom Chairman Honoured As EFCC Ambassador In Abuja

Renewed Hope United Kingdom Chairman Honoured As EFCC Ambassador In Abuja

8 months ago
JUST IN:Tribunal Upholds Uzodinma’s Election As Imo Governor

JUST IN:Tribunal Upholds Uzodinma’s Election As Imo Governor

1 year ago
Minister Explains Rationale Behind FG’s Decision To Use N800/Dollar Exchange Rate For 2024 Budget

Minister Explains Rationale Behind FG’s Decision To Use N800/Dollar Exchange Rate For 2024 Budget

2 years ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Ademola Adeleke Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Buhari CBEX Coalition Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigerian National Petroleum Company Limited (NNPCL) Nnamdi Kanu NNPC NNPCL Olubadan PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • Osun Chief Arrested For Forcing Suspect To Drink Poison
  • Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial
  • WAEC Result Portal Glitch Resolved – FG
  • Ekiti: Stolen Newborn Baby Recovered, Woman Arrested

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

Tragedy Strikes As Inferno Claims Custom Officer, Wife, Four Children Lives

Osun Chief Arrested For Forcing Suspect To Drink Poison

August 7, 2025
Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial

Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial

August 7, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights