Nigerian exports to the US are subject to a 14% tariff from Trump.

 The United States government cited an ongoing trade imbalance as the reason for the new 14% tariff, which marks a significant shift in trade relations between the United States and Nigeria. The Trump administration claims that Nigeria imposes a 27% tariff on American exports, a disparity that has long been detrimental to American consumers and businesses. To address what they claim is an unfair trade arrangement, the United States of America has now imposed a new tariff on Nigerian exports. 

Trump framed the tariff in his speech as part of a larger effort to safeguard American industries and ensure that other nations adhere to what he called "fair" trade rules. Trump declared the beginning of a new era of "fair trade," promising to "supercharge America's industrial base" and open up foreign markets that have been criticized for excluding American goods for a long time.

 Trump declared, "This is one of the most important days in American history." We will significantly expand our domestic manufacturing base. We will open up foreign markets and remove obstacles to international trade. In the end, more domestic production will result in stronger competition and lower prices for consumers. Indeed, this will be the golden age of American immigration. We are going to fight back with a lot of force." President Trump unveiled a broader trade policy that includes a baseline 10% tariff on all U.S. imports, in addition to the 14% tariff on Nigerian exports. 

More than fifty nations are affected by the new tariffs, which take effect immediately. They include developing economies in Asia, Africa, and Latin America in addition to significant trade partners like China, the European Union, India, and Japan. Markets have been rattled by the new policy, which represents a significant shift in global economic and trade policy and has stoked fears of a global trade war. Algeria (30 percent), Lesotho (50 percent), Mauritius (40 percent), Kenya (10 percent), Namibia (21%), Ethiopia, and Ghana (10 percent) are among the African nations that will bear the brunt of the new policy in addition to Nigeria. A 30 percent tariff of reciprocity was imposed on South Africa.