Categories: BusinessNews

U.S cuts Nigerian imports by 41% amid growing tariff dispute  

Nigeria’s trade ties with the United States have come under renewed strain after U.S. imports of Nigerian goods plunged by 41 per cent within a month, deepening concerns over the country’s access to one of its most important export markets.

Fresh data from the U.S. Census Bureau and Bureau of Economic Analysis show that American imports from Nigeria dropped sharply from $639 million in June 2025 to $379 million in July.

Over the same period, U.S. exports to Nigeria also fell, sliding from $919 million to $584 million.

Despite the decline, Washington maintained a trade surplus with Nigeria, though reduced to $206 million in July compared to $280 million in June.

Between January and July 2025, the U.S. exported $3.92 billion worth of goods to Nigeria and imported $3.14 billion, leaving it with a cumulative trade surplus of $781 million.

The sharp reversal comes at a time when U.S. trade with Africa overall is expanding.

Imports from the continent rose from $3.67 billion in June to $4.47 billion in July, while exports dipped slightly, leaving the U.S. with a wider trade deficit of $1.17 billion.

Country-level figures show the U.S. posted a $557 million surplus with Egypt in July but ran a $1.42 billion deficit with South Africa, largely due to mineral and automobile imports.

Washington’s deficit with South Africa has already reached $7.74 billion this year.

Nigeria’s setback is linked to President Donald Trump’s renewed tariff measures under his “reciprocal tariff” policy.

In late July, Trump signed an executive order raising tariffs on Nigerian exports from 14 per cent in April to 15 per cent, targeting countries with trade surpluses against the U.S.

Although crude oil — Nigeria’s biggest export — remains partly exempt, uncertainty over enforcement has discouraged import demand, particularly for agricultural products, leather, and manufactured goods.

Analysts say the policy is part of Washington’s push to protect domestic industries and curb trade imbalances, but for Nigeria, it signals shrinking opportunities in a critical market.

The report further noted that America’s global trade deficit widened to $78.3 billion in July, up from $59.1 billion in June, driven by a surge in imports from Asia and Europe.

Total imports hit $358.8 billion, while exports rose modestly to $280.5 billion.

LUKMAN ABDULMALIK

Recent Posts

Sokoto gov hails Sultan’s 20-year reign, praises role in Nigeria’s peace

Sokoto State Governor, Ahmed Aliyu, has commended the Sultan of Sokoto, Muhammad Sa’ad Abubakar III,…

30 minutes ago

2027: Jega urges INEC to deploy AI chatbots against election disinformation

Former Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, has urged the…

52 minutes ago

Makinde’s commissioner, special adviser, one other resign

The Oyo State Commissioner for Budget and Economic Planning, Ayobami Ojo, and the Special Adviser…

2 hours ago

FG unveils USSD code for loans to Nigerians, targets food, solar purchases

The Federal Government has unveiled a USSD-based consumer credit service that will enable Nigerians to…

2 hours ago

Zenith Bank sponsors ART X Lagos 2026 to promote African creativity

Zenith Bank Plc has reaffirmed its commitment to advancing Nigeria's creative and cultural landscape through…

2 hours ago

‘My prayer has been granted,’ Tinubu says after Ka’abah visit

President Bola Tinubu has said he believes God has answered his prayer to continue leading…

2 hours ago

This website uses cookies.