Trump’s Tariffs: A Double-Edged Sword for African Economies

Donald Trump’s proposed tariffs, including a 10% import levy and huge surcharge on Chinese goods, pose risks and opportunities for African economies, particularly Nigeria. The tariffs could destabilise Africa’s export routes, impacting Nigeria’s $3.8 billion crude oil exports to the US. However, this could also drive Africa to diversify its trade relationships, bolster domestic production and reduce reliance on volatile markets. To capitalise, Nigeria should revise export incentives, invest in logistics and engage its diaspora to fuel export-oriented startups.