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- The US authorities has criticized the Nigerian government's continued prohibition connected the importation of 25 products
- Nigeria was listed among 10 countries with "unfair commercialized practices," citing assorted bans connected U.S. exports
- Restrictions by India, China, the EU, and others are said to outgo U.S. businesses billions successful mislaid revenue
Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
The United States Trade Representative (USTR), an bureau of the United States government, has slammed Nigeria for imposing an import prohibition connected 25 merchandise categories.
The USTR raised concerns that the restrictions are hurting US exporters and undermining commercialized relations.
Source: Getty Images
In a post shared connected X, the USTR listed Nigeria’s import argumentation among the apical 10 unfair commercialized practices by overseas governments.
The latest determination is portion of President Donald Trump's scrutiny of commercialized relations betwixt the state and the world.
The USTR argued that specified restrictions contradict US companies entree to a increasing user basal successful Africa’s largest economy.
The station connected Nigeria reads
"Nigeria's import prohibition connected 25 antithetic merchandise categories impacts U.S. exporters, peculiarly successful agriculture, pharmaceuticals, beverages, and user goods." Restrictions connected items similar beef, pork, poultry, effect juices, medicaments, and spirits bounds U.S. marketplace entree and trim export opportunities.These policies make important commercialized barriers that pb to mislaid gross for US businesses looking to grow successful the Nigerian market."Other countries are scrutinised by US
Other countries mentioned by US bureau see India, Thailand, Kenya, Angola, Algeria, and the European Union.
The US authorities says the countries person created trade barriers that collectively stifle billions of dollars successful US exports.
India was singled retired for banning US ethanol imports, portion Kenya’s 50% tariff connected American maize and the EU’s caller biology rules were flagged arsenic measures that disadvantage American producers.
In Africa, Angola besides drew Washington’s Anger for announcing it would restrict import licenses for poultry and nutrient products starting successful July 2025.
Source: UGC
Algeria's restrictions connected generic pharmaceutical products and aesculapian devices make important barriers for U.S. exporters
The USTR noted Angola is presently the largest African marketplace for US poultry and warned that the planned regularisation could person important commercialized consequences.
Part of the connection reads:
"In 2024, US poultry exports to Angola were valued astatine $136 million. Angola is the 9th largest marketplace for US poultry exports globally and the largest marketplace for U.S. poultry connected the African continent."These caller commercialized restrictions volition importantly interaction American farmers and ranchers."President Trump tarrif
Earlier, Legit.ng reported that the US President Donald Trump connected Monday threatened caller tariffs of 50 percent connected China, ratcheting up a commercialized warfare adjacent arsenic a melodramatic selloff successful planetary markets gathered pace.
Trump upended the satellite system past week with sweeping tariffs that person raised fears of an planetary recession and triggered disapproval adjacent from wrong his ain Republican Party.
The US president connected Monday chastised China for not heeding "my informing for abusing countries not to retaliate.
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Source: Legit.ng
