New US import tariff on Nigeria

On July 24, 2026, the United States (US) government imposed a new 12.5 per cent tariff on imports from Nigeria, over the country’s alleged failure to effectively implement or enforce restrictions on imports produced with forced labour. However, Washington imposed a lesser tariff of 10 per cent on India, Indonesia, Malaysia, Mexico and the United Kingdom (UK). The new tariff comes under a restructured Section 301 framework of the US Trade Act. The new measure will affect mostly non-oil imports from Nigeria, especially agricultural products and some manufactured goods.
Fortunately, the nation’s oil and gas products, which account for over 80 per cent of Nigeria’s exports to the US, are e...