08/07/2025
Breaking news:
President Trump has announced on Truth Social that Nigeria will be among countries facing an additional 10% tariff on US imports for aligning with BRICS' "anti-American policies"—such as de-dollarization efforts, with effect from August 1st.
Nigeria, a new BRICS partner, is targeted due to its summit participation and commitment to the bloc's goals, potentially raising costs for Nigerian exports like oil and increasing economic pressure.