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Trump’s 14% Tariff Puts N323.96bn Nigerian Exports at Risk

US President Donald Trump’s new 14% tariff on foreign imports threatens Nigeria’s non-oil exports worth N323.96bn.

While crude oil is exempt, key items like urea, cocoa, and refined lead are now subject to the levy, potentially impacting Nigeria’s growing non-oil export sector.

The move has sparked concerns over Nigeria’s trade diversification efforts and could reduce competitiveness in the US market.