…recommends engagement with US authorities
The Centre for the Promotion of Private Enterprise (CPPE) has downplayed the impact of the United States’ decision to impose a 12.5 percent tariff on imports from Nigeria, arguing that the duty is unlikely to significantly affect the country’s export revenues, as most Nigerian exports to the US are exempt.
In a policy brief released on Sunday, Muda Yusuf, chief executive officer of the private sector think tank, said the tariff represents a continuation of the Trump administration’s reciprocal trade policy, despite being introduced under a different legal framework.
It follows the collapse of Donald Trump’s earlier Liberation Day tariff spread after it was struck down by the US Supreme Court. The latest action, implemented under Section 301 of the US Trade Act, has allegations related to forced labour as its legal basis.
“Although the legal foundation has changed, the underlying policy objective remains essentially
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