U.S. President Donald Trump has reignited tensions with Apple Inc., threatening to impose a 25% tariff on the tech giant’s iPhones if it fails to shift manufacturing operations to the United States.
The United Kingdom and the United States are on the verge of finalizing a trade agreement designed to mitigate the economic strain caused by U.S. tariffs, particularly those affecting British steel and automobile exports.
The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has said African countries can cushion the potential economic fallout from U.S. President Donald Trump’s new tariffs by increasing trade among themselves.
Nigeria's exports to the United States account for approximately 2% of the country's Gross Domestic Product (GDP).
