United States President Donald Trump has officially imposed a 15 percent tariff on Nigeria and nine other African countries.
Other affected by the new tariff regime include Zimbabwe, Zambia, Uganda, Mozambique, Mauritius, Ghana, Malawi, Lesotho, and Madagascar.
White House announced the modified reciprocal tariff rates on Thursday in an Executive Order, titled, “Further Modifying the Reciprocal Tariff Rates,”
According to the order, “These modifications shall be effective with respect to goods entered for consumption, or withdrawn from the warehouse for consumption, on or after 12:01 a.m.”
US also slammed different degrees of tariffs on South Africa (30 percent), Libya (30 percent), and Tunisia (25 percent).
The list of tariffs also contained the United Kingdom (10 percent), India (25 percent), Japan (15 percent), and other countries.
Recall that in April, Trump slammed sweeping tariffs on global trading partners, imposing 14 percent on Nigeria.
But the “reciprocal” tariffs were later postponed for 90 days to allow for time to negotiate individual trade deals, with the deadline moved to August 1.
Below is how the revised taxes were spread:
10% – Falkland Islands, United Kingdom, and all other countries not listed in the executive order
15% – Afghanistan, Angola, Bolivia, Botswana, Cameroon, Chad, Costa Rica, Côte d`Ivoire, Democratic Republic of the Congo, Ecuador, Equatorial Guinea, Fiji, Ghana, Guyana, Iceland, Israel, Japan, Jordan, Lesotho, Liechtenstein, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nauru, New Zealand, Nigeria, North Macedonia, Norway, Papua New Guinea, South Korea, Trinidad and Tobago, Turkey, Uganda, Vanuatu, Venezuela, Zambia, Zimbabwe
18% – Nicaragua
19% – Cambodia, Indonesia, Malaysia, Pakistan, Philippines
20% – Bangladesh, Sri Lanka, Thailand, Taiwan, Vietnam
25% – Brunei, India, Kazakhstan, Moldova, Tunisia
30% – Algeria, Bosnia and Herzegovina, Libya, South Africa
35% – Iraq, Serbia
39% – Switzerland
40% – Laos, Myanmar (Burma)
41% – Syria
