Nigeria will bear a 15 per cent tariff as President Donald Trump looks to enforce tariffs on countries trading with the United States.
President Trump has set a baseline tariff of 10 per cent on all imports to the United States, as well as additional duties on certain products or countries.
The American President says tariffs will encourage US consumers to buy more American-made goods, increase the amount of tax raised and boost investment.
So, Nigerian companies that bring goods into the US have to pay the tax to the government.
However, they may pass some or all of the extra cost on to customers.
Here is a list of targeted tariffs he has implemented or threatened to put in place.
Afghanistan – 15 per cent
Algeria – 30 per cent
Angola – 15 per cent
Bangladesh – 20 per cent
Bolivia – 15 per cent
Bosnia and Herzegovina – 30 per cent
Botswana – 15 per cent
Brazil – 50 per cent, with lower levels for sectors such as aircraft, energy and orange juice
Brunei – 25 per cent
Cambodia – 19 per cent
Cameroon – 15 per cent
Canada – 10 per cent on energy products, 35 per cent for other products not covered by the US-Canada-Mexico Agreement
Chad – 15 per cent
China – 30 per cent, with additional tariffs on some products. This agreement, which was due to expire on August 12, has been extended for another 90 days through an executive order, according to a White House official.
Costa Rica – 15 per cent
Cote d’Ivoire – 15 per cent
Democratic Republic of the Congo – 15 per cent
Ecuador – 15 per cent
Equatorial Guinea – 15 per cent
European Union – 15 per cent on most goods
Falkland Islands – 10 per cent
Fiji – 15 per cent
Ghana – 15 per cent