Trump Slams 15% Tariff on Nigeria

By Adedapo Adesanya

Nigeria will bear a 15 per cent tariff as President Donald Trump looks to enforce tariffs on countries trading with the United States.

President Trump has set a baseline tariff of 10 per cent on all imports to the United States, as well as additional duties on certain products or countries.

The American President says tariffs will encourage US consumers to buy more American-made goods, increase the amount of tax raised and boost investment.

So, Nigerian companies that bring goods into the US have to pay the tax to the government.

However, they may pass some or all of the extra cost on to customers.

Countries and Tariffs

Here is a list of targeted tariffs he has implemented or threatened to put in place.

Afghanistan – 15 per cent

Algeria – 30 per cent

Angola – 15 per cent

Bangladesh – 20 per cent

Bolivia – 15 per cent

Bosnia and Herzegovina – 30 per cent

Botswana – 15 per cent

Brazil – 50 per cent, with lower levels for sectors such as aircraft, energy and orange juice

Brunei – 25 per cent

Cambodia – 19 per cent

Cameroon – 15 per cent

Canada – 10 per cent on energy products, 35 per cent for other products not covered by the US-Canada-Mexico Agreement

Chad – 15 per cent

China – 30 per cent, with additional tariffs on some products. This agreement, which was due to expire on August 12, has been extended for another 90 days through an executive order, according to a White House official.

Costa Rica – 15 per cent

Cote d’Ivoire – 15 per cent

Democratic Republic of the Congo – 15 per cent

Ecuador – 15 per cent

Equatorial Guinea – 15 per cent

European Union – 15 per cent on most goods

Falkland Islands – 10 per cent

Fiji – 15 per cent

Ghana – 15 per cent

Guyana – 15 per cent

Iceland – 15 per cent

India – 25 per cent, additional 25 per cent threatened to take effect August 28

Indonesia – 19 per cent

Iraq – 35 per cent

Israel – 15 per cent

Japan – 15 per cent

Jordan – 15 per cent

Kazakhstan – 25 per cent

Laos – 40 per cent

Lesotho – 15 per cent

Libya – 30 per cent

Liechtenstein – 15 per cent

Madagascar – 15 per cent

Malawi – 15 per cent

Malaysia – 19 per cent

Mauritius – 15 per cent

Mexico – 25 per cent for products not covered by USMCA

Moldova – 25 per cent

Mozambique – 15 per cent

Myanmar – 40 per cent

Namibia – 15 per cent

Nauru – 15 per cent

New Zealand – 15 per cent

Nicaragua – 18 per cent

Nigeria – 15 per cent

North Macedonia – 15 per cent

Norway – 15 per cent

Pakistan – 19 per cent

Papua New Guinea – 15 per cent

Philippines – 19 per cent

Serbia – 35 per cent

South Africa – 30 per cent

South Korea – 15 per cent

Sri Lanka – 20 per cent

Switzerland – 39 per cent

Syria – 41 per cent

Taiwan – 20 per cent

Thailand – 19 per cent

Trinidad and Tobago – 15 per cent

Tunisia – 25 per cent

Turkey – 15 per cent

Uganda – 15 per cent

United Kingdom – 10 per cent, with some auto and metal imports exempt from higher global rates.