ThisDay· 2h ago· 1 min read
•Urge FG to tighten labour standards, diversify export markets
•CPPE links action to Trump's trade war with China
•Say Dangote Refinery, MSMEs may face fresh pressure
Dike Onwuamaeze and Sunday Ehigiator
Economic experts have warned that the United States' decision to impose a 12.5 per cent tariff on Nigerian imports could undermine the country's export competitiveness, squeeze businesses and weaken foreign exchange earnings. They described the action as a fresh challenge for exporters, particularly manufacturers and small businesses seeking access to the US market.
While some analysts linked the move to the Trump administration's broader protectionist trade agenda, others urged the federal government to strengthen labour standards and diversify export destinations. They also cautioned that failure to address these concerns could further erode Nigeria's position in global…
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