• Latest
  • Trending
Trump threatens Nigeria with 10% Tariff for Supporting BRICS

Trump threatens Nigeria with 10% Tariff for Supporting BRICS

FRSC Chief Orders Crackdown as 5 Officers Killed by Hit-and-Run

FRSC Chief Orders Crackdown as 5 Officers Killed by Hit-and-Run

FG Declares: Even ‘Runs Girls’ Must Pay Tax — Oyedele

FG Declares: Even ‘Runs Girls’ Must Pay Tax — Oyedele

How Tax Law Affects Remote Workers and Influencers Under New Reform

How Tax Law Affects Remote Workers and Influencers Under New Reform

Atiku, ADC Leaders Visit New Olubadan Oba Ladoja in Ibadan

Atiku, ADC Leaders Visit New Olubadan Oba Ladoja in Ibadan

Hope for Eagles as FIFA Deducts 3 Points from South Africa in World Cup Qualifiers

Hope for Eagles as FIFA Deducts 3 Points from South Africa in World Cup Qualifiers

FG Declares Friday Public Holiday for 2025 Eid-ul-Mawlid

FG Declares Public Holiday for Nigeria’s 65th Independence Day

NELFUND Sets October Date to Reopen Student Loan Portal

NELFUND Sets October Date to Reopen Student Loan Portal

Wednesday, October 1, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Featured
Trump threatens Nigeria with 10% Tariff for Supporting BRICS

Trump threatens Nigeria with 10% Tariff for Supporting BRICS

by iDeemlawful
July 8, 2025
in Featured, Politics
A A
0

The President of United States, Donald Trump has threatened fresh additional 10% tariff on Nigeria for aligning with the BRICS.

The US president made this pronuncement on Sunday via his Truth Social platform, creating concerns about global trade relationships.

The word BRICS was coined from the names of the pioneer nations of Brazil, Russia, India, China, and South Africa, which came together under an informal grouping of emerging economies.

SeeThese

Confusion Rocks Abuja Over Tinubu’s ‘Order’ to INEC Boss

Tinubu finally Confers CON on Ogoni Four

Trump Attacks UN, Europe, Claims Credits for ‘Ending 7 Wars’ at UNGA

It also comprised six coalition members, such as Egypt, Ethiopia, the United Arab Emirates UAE, Iran, Saudi Arabia, and Indonesia, which joined in 2024.

ADVERTISEMENT

The group describes itself as “a political and diplomatic coordination forum for countries from the Global South and for coordination in the most diverse areas.”

Nigeria officially became the ninth partner country of BRICS on 17th January 2025, when Brazil announced the country’s formal admission.

“There will be no exceptions to this policy,” Trump said in a Truth Social post.

The fresh threat comes as BRICS leaders at the just concluded summit in Brazil criticized the import tariffs, describing it as indiscriminate.

Recall that Trump had on April 2, announced a broad package of import duties, imposing a 10 per cent baseline tariff on 185 countries.

Which include Nigeria, while upping the duties for various partners whom he described as bad actors, thereby setting off trade war with its key trade partners, especially China.

Unveiling the tariffs, Trump said he could have gone higher by imposing higher tariffs to match what each country charges to US.

“The tariffs will be not a full reciprocal. I could have done that, yes, but it would have been tough for a lot of countries who didn’t want to do that,’’ he said.

He, however, offered three months’ reprieve to allow countries to negotiate, with only the United Kingdom and Vietnam now reaching a deal with the US, while Washington and Beijing agreed to temporarily lower staggeringly high levies on each other’s products.

Trump also warned that he would impose unilateral levies on partners unless they reached “deals” by August 1.

But voicing concerns about the rise of unilateral tariff measures, BRICS members, on Sunday, decried the imposition, warning that they were illegal, arbitrary and risked hurting the global economy.

Responding, Trump lashed out at the 11 nations of BRICS, vowing to impose an extra 10 per cent tariff on the bloc.

“Any country aligning themselves with the anti-American policies of BRICS, will be charged an additional 10 per cent tariff. There will be no exceptions to this policy,” Trump wrote on his Truth Social platform on Monday.

  • President Tinubu reaffirms commitment to BRICS partnership

At the summit, Tinubu called for a reevaluation of the current global governance structure and the financial and healthcare systems, urging greater equity and inclusion for low-income and emerging economies, particularly in Africa.

The President stated that environmental degradation, the climate crisis, and healthcare inequalities should receive more attention, as they contribute to slowing growth and development.

President Tinubu, invited to the summit by Brazil’s President Luiz Inacio Lula Da Silva, stated that Nigeria supports the BRICS position on the need to focus on collective, fair, and equitable global development, a statement by Bayo Onanuga, Special Adviser to the President on Information & Strategy quoted the President.

President Tinubu said, “Nigeria, therefore, associates with what I have heard today and all that has happened in BRICS. The next issues are financial restructuring and reevaluation of the global structure.”

He noted that environmental degradation, climate crisis, and global healthcare inequalities were shared concerns pertinent to Africa.

“Africa has contributed the least to global emissions but suffers the most,” he added.

President Tinubu emphasised the need for a new path of justice, anchored in fairness, sustainable technology transfer, and accessible financing, so that emerging economies can fully benefit from various initiatives.

“The African continent is creating the path through the African Carbon Market Initiative and the Great Green Wall. We believe that COP-30 will strengthen our resolve to adopt a strategic approach to achieving a healthy global environment.

“Nigeria strongly believes in South-South cooperation. We can, therefore, not be passive participants in global decision-making on financial restructuring, debt forgiveness, climate change, environmental issues, and healthcare

Tags: Bola Ahmed TinubuBRICSDonald Trump
Previous Post

ASUU begins Nationwide Strike

Next Post

Nigerian Government pegs Admission Age at ’16’

Next Read

Atiku, ADC Leaders Visit New Olubadan Oba Ladoja in Ibadan
Politics

Atiku, ADC Leaders Visit New Olubadan Oba Ladoja in Ibadan

...

Read moreDetails
El Salvador President Skips UNGA, Calls Summit “Pointless Waste of Time”
Featured

El Salvador President Skips UNGA, Calls Summit “Pointless Waste of Time”

...

Read moreDetails
Peter Obi Supporter Attacks Faction LP Chairman Abure at Airport
Politics

Peter Obi Supporter Attacks Faction LP Chairman Abure at Airport

...

Read moreDetails
Ex-Oyo Governor Ladoja Crowned 44th Olubadan
Breaking News

Ex-Oyo Governor Ladoja Crowned 44th Olubadan

...

Read moreDetails
Netanyahu Blasts West Over Palestine Recognition
Featured

Netanyahu Dodges Europe, reroutes flight to UN over ICC fears

...

Read moreDetails
Confusion Rocks Abuja Over Tinubu’s ‘Order’ to INEC Boss
Politics

Confusion Rocks Abuja Over Tinubu’s ‘Order’ to INEC Boss

...

Read moreDetails
Court stops Senate disciplinary action against Natasha Akpoti
Politics

‘I won’t Apologies’— Natasha renews Fight With Akpabio

...

Read moreDetails
Natasha Returns to Senate After Fiery 6-Month Suspension
Politics

Natasha Returns to Senate After Fiery 6-Month Suspension

...

Read moreDetails
Next Post
Nigerian Government pegs Admission Age at ’16’

Nigerian Government pegs Admission Age at '16'

Candidates to Sue JAMB over UTME technical glitches

JAMB announces Top 3 Scorers in 2025 UTME

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About
  • Advertise
  • Editorial
  • Support

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Copyright © 2019 iDeemlawful.