44 h. ago Trump’s new tariff regime and Nigeria’s opportunity to rewrite the trade script

In the ever-evolving theatre of global trade, policy decisions taken in Washington can ripple across the globe—from Wall Street to read more Trump’s new tariff regime and Nigeria’s opportunity to rewrite the trade script

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3 d. ago ‘70% Shipment From Nigeria To US Returned Over Trump Tariff Policy’

Since the implementation of Donald Trump’s Tariff Policy, especially, on Africa, more than 70% of shipments sent from Nigeria to the U.S. via airport have either been refused entry or placed on hold. The chief commercial officer, AAJ Express Logistics Limited, Ini Daniel, who disclosed this yesterday, noted that this alarming trend has caused substantial […]

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3 d. ago Tariff turmoil pushes S&P 500 into turbulence following Trump’s return

The S&P 500 has seen sharp swings since Donald Trump’s return to the presidency in November 2024. After hitting a read more Tariff turmoil pushes S&P 500 into turbulence following Trump’s return

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8 d. ago China Seeks Global Alliance Against Trump Tariffs Amid Threat To Africa

Ambassador of the People’s Republic of China to Nigeria, Yu Dunhai, has urged the international community to unite against the torrent of tariffs being imposed on several countries by United States President, Donald Trump, warning that the action could trigger global recession with dire consequences especially for Africa. The Chinese envoy made the call on […]

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9 d. ago Okon Lagos Advises Tinubu To Exploit Global Trade Tensions Between US, China For Nigeria’s Economic Gain

Nollywood actor Ime Bishop Umoh, popularly known as Okon Lagos, has urged President Bola Tinubu to take advantage of the ongoing trade war between the United States and China. Last Wednesday, US President Donald Trump increased China’s tariff rates from 104 percent to 125 percent, while suspending tariffs for several other countries. In response, China […] The post Okon Lagos Advises Tinubu To Exploit Global Trade Tensions Between US, China For Nigeria’s Economic Gain appeared first on Information Nigeria.

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1 week ago FG to announce measures to cushion Trump’s tariffs on imported goods, soon, as Cutix bags NASME award

From Isaac Anumihe, Abuja Federal Government has reacted to the United States (US) tariff imposition on imported goods, saying that it will soon announce a number of schemes to absorb the shock the tariff would cause. Speaking when Nigeria Association of Small and Medium Enterprises (NASME) honoured the Chief Executive Officer of Cutix Plc, Ijeoma […] The post FG to announce measures to cushion Trump’s tariffs on imported goods, soon, as Cutix bags NASME award appeared first on The Sun Nigeria.

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1 week ago Trump’s Tariff Policies Threaten Nigeria’s Oil Revenue — NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised the alarm over the potential threat posed to Nigeria’s oil revenue by renewed protectionist policies rolled out by United State President Donald Trump. NMDPRA’s Chief Executive Officer, Farouk Ahmed, who addressed journalists at the State House on Tuesday, said Trump’s aggressive tariff regime targeting […]

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1 week ago Stocks rise as stability returns, autos lifted by exemption hope

Equities mostly rose Tuesday as some stability returned to markets after last week’s rollercoaster ride. Donald Trump’s possible compromise over steep tariffs on the sector boosted auto firms. However, the US president’s unorthodox approach to trade diplomacy continues to fuel uncertainty among investors, with speculation over new levies on high-end technology and pharmaceuticals dampening sentiment. Read More

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1 week ago UN Calls On Trump To Exempt Vulnerable Nations From Harsh Tariffs

The United Nations has appealed to former U.S. President Donald Trump to reconsider the blanket application of high tariffs on global trade, warning that such measures could severely damage the economies of some of the world’s most vulnerable nations. The call was made on Monday through the United Nations Conference on Trade and Development (UNCTAD), […] The post UN Calls On Trump To Exempt Vulnerable Nations From Harsh Tariffs appeared first on Information Nigeria.

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1 week ago Goldman Sachs profit exceeds expectations, tech shares rally, lifting US stocks

Tech shares led US stocks early Monday following Trump administration tariff exemptions as Wall Street equities began the week on a positive note after last week’s volatility. US officials have listed tariff exemptions for smartphones, laptops, semiconductors and other electronic products for which China is a major source for optimism, lifting shares of Apple, Nvidia Read More

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1 week ago EXPLAINER: Understanding Trump’s tariff policy — and what it means for Nigeria

In a 1988 interview on The Oprah Winfrey Show, Donald Trump, then a 42-year-old real estate mogul with no formal political role, shared a vision that has shaped his presidency decades later. “I’d make our allies pay their fair share,” Trump said, accusing countries like Japan and Kuwait of taking advantage of the United States. Read More

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1 week ago “Trade war has no winners,” Xi tells Vietnam amid Trump’s tariff offensive

Chinese leader Xi Jinping warned that protectionism “leads nowhere” and that a trade war would have “no winners”, state media said, as he arrived in Vietnam on Monday on the first leg of a Southeast Asia tour. Xi will visit Vietnam, Malaysia and Cambodia on his first overseas trip of the year as Beijing seeks Read More

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1 week ago Nigeria’s infrastructure gaps threaten gains from global trade reroute

After all has been said and done about how African countries can capitalise on Trump’s reciprocal tariffs, the sad reality read more Nigeria’s infrastructure gaps threaten gains from global trade reroute

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2 w. ago Naira’s 3.6% Decline Against Dollar ‘Reasonable’ Compared To Peers – JP Morgan

Naira’s steep fall against the US dollar over the past week has been ‘reasonable’ compared to other frontier and emerging market currencies, according to JP Morgan Chase, BusinessDay reports. The naira plunged to a four-month low at the beginning of the week as President Donald Trump’s tariffs sent shock waves across global markets. But while […]

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2 w. ago Oil Prices Regain 3% After Trump’s Pause On Tariffs Increase

Oil prices rose on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Trump authorised a 90-day pause as part of his tariff plan but also raised the […]

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2 w. ago Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced read more Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

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2 w. ago Trump temporarily lowers tariffs for most countries, raises them for China – Reuters

U.S. President Donald Trump on Wednesday said he would temporarily lower new tariffs on many countries, even as he raised read more Trump temporarily lowers tariffs for most countries, raises them for China – Reuters

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2 w. ago Nigeria must diversify exports to shield effects of Trump’s tariffs — NACC president

Nigeria, like many other countries, has been slammed with sweeping tariffs that have sent investors scampering for safe havens and read more Nigeria must diversify exports to shield effects of Trump’s tariffs — NACC president

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2 w. ago Trump’s tariff gamble: A shock to global trade and Africa’s economic ambitions

President Donald Trump’s broad tariffs announcement on imports from China and other major trading partners is not just a U.S. read more Trump’s tariff gamble: A shock to global trade and Africa’s economic ambitions

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2 w. ago China retaliates with 84% tariffs on US products from Thursday

China will impose 84 per cent tariffs on US imports, up from 34 per cent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump’s latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to Read More

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