US President Donald Trump has announced that exports from Nigeria to the United States will now be subjected to a 14 per cent tariff.

The decision, which was made public during a ‘Make America Wealthy Again’ is part of a broader strategy aimed at rebalancing global trade and addressing perceived unfair trade practices.

The newly introduced 14 per cent tariff marks a significant shift in U.S.-Nigeria trade relations, with the U.S. government citing an ongoing trade imbalance.

According to the Trump administration, Nigeria imposes a 27 per cent tariff on U.S. exports, a disparity the U.S. claims has long been detrimental to American businesses and consumers.

In response, the U.S. has now imposed a new tariff on Nigerian exports to mitigate what they argue is an unfair trade arrangement.

In addition to the 14 percent tariff on Nigerian exports, President Trump also unveiled a broader trade policy that includes a baseline 10 percent tariff on all U.S. imports.

The new tariffs, which take immediate effect, apply to more than 50 countries.

Aside from Nigeria, some African countries that will bear the brunt of the new policy include: Algeria (30 per cent); Lesotho (50 per cent); Mauritius (40 per cent); Kenya (10 per cent); Namibia (21 per cent) and Ethiopia as well as Ghana 10 per cent apiece. South Africa was subjected to a reciprocal tariff of 30 percent.