Vanguard· 1h ago· 1 min read
By Providence Ayanfeoluwa
The Sea Empowerment & Research Center, SEREC, has warned that the United States’ decision to impose a 12.5 per cent tariff on Nigerian exports could undermine the country’s non-oil export drive, weaken foreign exchange earnings and further expose the fragility of the nation’s economy if urgent countermeasures are not adopted. In a policy analysis titled, “The U.S. 12.5per cent Tariff on Nigerian Exports: Implications for Nigeria’s External Trade and Fragile Economy”, the research centre said the tariff increase, which replaces an earlier temporary 10 per cent regime, would erode the competitiveness of Nigerian goods in the American market.
According to SEREC, although Nigeria was not specifically targeted, its inclusion among countries affected by the higher tariff raises concerns over export performance, industrial growth and long-term trade relations with…
Continue reading at VanguardDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Trump asks new UK prime minister to tackle illegal migration
just now
Read MoreRep member pledges N50m for students’ legislative summit, vows mentorship to UI students
13m ago
Read MoreTinubu, Obasanjo, Otti Shower Encomiums On Ironsi’s Life Of Sacrifice
14m ago
Read More
10 countries in the world with the most expensive golden visas, see full list and details
14m ago
Read MoreAtiku Condemns Assault On Tinubu Supporter, Warns Against Political Violence
15m ago
Read MoreUN Security Council renews sanctions against Central African Republic entities
15m ago
Read MoreLatest in Top Stories
Celebrity boxing: Portable, Charles Okocha trade insults during heated rematch face-off
Legit.ng · 22m ago
Osun people won’t bow to intimidation, says Adeleke
Punch · just now
Hydration break tactical changes led to Haaland’s goal, says Ancelotti
Punch · just now
UK lecturer loses appeal after being sacked for calling women ‘females’
Punch · just now
How to apply for FG’s Agricultural Quarantine Service recruitment
Punch · just now
Ikorodu air pollution: LASEPA reopens six companies after compliance deal, vows sustained enforcement
Vanguard · 17m ago
Bende traditional rulers endorse Kalu for third term, reject zoning claims
Vanguard · 20m ago
Ondo Assembly Crisis: Why 21 aggrieved lawmakers want me sacked – Embattled Speaker
Vanguard · 22m ago
Most Read Today
‘Pretty bad’: Lewis Hamilton hits out at Ferrari after dropping points in F1 title race
The Guardian Sport · 4d ago
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 3d ago
After Trump launched war on Iran, hiked inflation through tariffs, Johnson labels election ‘common sense vs. communism’
Fortune · 3d ago
‘I Wouldn’t Get Too Excited’ — Canadiens Insider Breaks Silence on Latest Kirill Marchenko Trade Rumor
Yahoo Sports · 3d ago
Anthony Joshua vs Tyson Fury has become an endless, hellish loop. Who else wants out?
Yahoo Sports · 3d ago
CXMT becomes China’s most valuable company after IPO surge
Peoples Gazette · 3d ago
Nvidia leads push for open AI cyber tools after Hugging Face hack
Business Insider · 3d ago
FTSE 100 today: Stocks extends gains as U.S.-Iran truce holds, oil slumps
Investing.com · 3d ago