Nigeria hit as Trump imposes sweeping tariffs

Nigeria was the second-largest U.S. export destination in 2022, according to data from the observatory of economic complexity (OEC), Nigeria exported $6.29 billion worth of goods to the U.S. in 2023, while importing $3 billion, leaving the U.S. with a trade deficit of $3.29 billion.

U.S. President Donald Trump has announced a 10 percent baseline tariff on imports from all countries and higher rates on countries with trade surpluses with the U.S., including Nigeria. The new tariffs, coming on what Trump has named liberation day, are expected to boost U.S. manufacturing and punish other countries for what he says are years of unfair trade practices.