U.S. President Donald Trump has unveiled a sweeping set of new tariffs on goods imported from several countries, including Nigeria, with rates reaching up to 41 per cent.
The announcement, made ahead of a August 1 trade deal deadline, is part of the administration’s push to reduce America’s trade deficits by invoking emergency powers to implement what the White House called “reciprocal tariff rates.”
President Trump stated that the new tariffs are designed to ensure that U.S. exports are treated fairly in international markets.
“These measures are about fairness and protecting American industries. We want a level playing field,” Trump said.
The revised tariffs affect a wide range of countries and product categories, with some nations facing additional layers of levies based on existing trade conditions.
Full details of the affected countries and updated tariff rates were released by the U.S. Trade Representative’s office and include both industrial and agricultural products.
The move is expected to trigger responses from affected nations, with trade analysts warning of possible retaliatory measures and increased strain on global trade relations.
Economic observers are also monitoring the impact of the tariffs on developing economies, including Nigeria, which exports various products to the U.S. under existing trade agreements.
The Full List:
Afghanistan – 15%
Algeria – 30%
Angola – 15%
Bangladesh – 20%
Bolivia – 15%
Bosnia and Herzegovina – 30%
Botswana – 15%
Brazil – 10% (with additional tariffs on certain goods)
Brunei – 25%
Cambodia – 19%
Cameroon – 15%
Chad – 15%
Costa Rica – 15%
Côte d’Ivoire – 15%
Democratic Republic of the Congo – 15%
Ecuador – 15%
European Union – 0%–15%
Equatorial Guinea – 15%
Falkland Islands – 10%
Fiji – 15%
Ghana – 15%
Guyana – 15%
Iceland – 15%
India – 25%
Indonesia – 19%
Iraq – 35%
Israel – 15%
Japan – 15%
Jordan – 15%
Kazakhstan – 25%
Laos – 40%
Lesotho – 15%
Libya – 30%
Liechtenstein – 15%
Madagascar – 15%
Malawi – 15%
Malaysia – 19%
Mauritius – 15%
Moldova – 25%
Mozambique – 15%
Myanmar (Burma) – 40%
Namibia – 15%
Nauru – 15%
New Zealand – 15%
Nicaragua – 18%
Nigeria – 15%
North Macedonia – 15%
Norway – 15%
Pakistan – 19%
Papua New Guinea – 15%
Philippines – 19%
Serbia – 35%
South Africa – 30%
South Korea – 15%
Sri Lanka – 20%
Switzerland – 39%
Syria – 41%
Taiwan – 20%
Thailand – 19%
Trinidad and Tobago – 15%
Tunisia – 25%
Turkey – 15%
Uganda – 15%
United Kingdom – 10%
Vanuatu – 15%
Venezuela – 15%
Vietnam – 20%
Zambia – 15%
Zimbabwe – 15%
(Reuters)
