Tag: US tariffs

  • Nigeria Braces for 40% Tariff Wall Under New U.S. Economic Directives

    Nigeria Braces for 40% Tariff Wall Under New U.S. Economic Directives

    Reporting citing SBM Intelligence and additional coverage indicates Nigeria’s export outlook could face new headwinds following an announced U.S. policy directive imposing an immediate 25% tariff on countries that maintain significant commercial ties with Iran. Analysts warned that, in combination with existing barriers, the measure could amount to a de facto “40% tariff wall” for affected trade flows.

    The directive—communicated via the U.S. President’s social media platform—was presented as an enforcement mechanism for sanctions policy against Tehran. For Nigeria, the concern is that any exposure through bilateral engagements or energy-linked consultations could trigger trade penalties that undermine foreign exchange earnings and export diversification efforts.

    The Guardian and ThisDay also reported on potential fallout and official reactions, including indications that Nigeria’s Ministry of Foreign Affairs is reviewing the directive and engaging U.S. counterparts to protect legitimate trade interests.

    Echotitbits take: If applied strictly, this policy forces Nigeria into a difficult trade-off between strategic diplomacy and market access. Watch for accelerated diplomatic engagement in Washington, and for Nigeria to seek carve-outs by emphasizing its strategic role in regional security and energy stability.
    Source : BusinessDay — https://businessday.ng/maritime/article/nigeria-faces-40-us-tariff-hit-over-iran-trade-ties/ 2026-01-24

    Photo Credit: BusinessDay

  • US tariff shock: Nigeria’s export earnings take a hit as trade gap risks widen

    US tariff shock: Nigeria’s export earnings take a hit as trade gap risks widen

    Photo credit: The Punch

    2025-12-22 09:00:00

    Figures cited by *The Punch* show Nigeria’s exports to the United States have taken a major hit in the wake of higher US tariffs, with the report estimating a roughly ₦1tn-scale export loss and a sharper trade imbalance.

    The data-driven argument is that once tariffs rise, marginal cargoes—especially non-oil shipments—lose competitiveness quickly, while buyers switch to alternative suppliers.

    Economists warn that tariff pressure can ripple beyond customs: export earnings affect FX inflows, port activity, manufacturing orders, and jobs tied to the export chain.

    The story also revives an old weakness—Nigeria’s narrow export basket—where shocks to market access translate fast into national revenue and FX volatility.

    BusinessDay reported that “Nigerian exports to the United States will now attract a 15 percent tariff,” while Nigeria Info FM similarly reported exports “will now face a 15% tariff” following an executive order—supporting the tariff-change backbone of the Punch analysis.

    **Echotitbits take:** The policy response can’t be vibes: Nigeria must diversify export destinations, improve standards compliance, and negotiate carve-outs where possible. Watch for whether Abuja pursues targeted trade diplomacy—or quietly absorbs the loss and shifts focus to other markets.

    Source: The Punch — December 22, 2025 (https://punchng.com/nigeria-suffers-nearly-n1tn-export-loss-after-trump-tariff/)