global trade tensions
Rising Trade Tensions Cost Nigeria $527m in US Exports
Nigeria’s trade ties with the United States have taken a sharp hit, with the country losing $527 million in exports to its once top trading partner in just five months — a steep 20 per cent year-on-year decline. This development, which analysts attribute to rising trade tensions and punitive tariff policies under US President Donald […]
Trade War Intensifies: Trump Targets Copper, Tech Imports with Fresh Tariffs
United States President Donald Trump on Tuesday announced a fresh round of tariffs targeting a broad range of imports, including copper, semiconductors, and pharmaceuticals. The decision, aimed at reinforcing domestic manufacturing and boosting tariff revenue, marks a significant escalation in the U.S. administration’s protectionist trade agenda. Announcing the development via his social media platform, Truth […]
New 84% Tariffs: China Targets U.S. Imports in Trade Crackdown
In a move that underscores escalating trade hostilities between the world’s two largest economies, China has officially implemented an 84% tariff on U.S. imports, effective Thursday, April 10, 2025. The sweeping increase in duties marks one of Beijing’s most aggressive retaliatory actions yet in its long-standing trade conflict with Washington. This dramatic China tariffs development […]