US Tariffs withdrawal
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US Tariffs withdrawal
April 6, 2025
10:15 am
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US Tariffs withdrawal
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A trade and commerce association in Nigeria, Goods Made-in-China Importers Association, has called on the United States government to withdraw the 34% tariffs imposed on Chinese goods.
According to the group, the tariff will strain the global economy, particularly worsening the economic situation of African nations.
The Chairman of GMIA, Charles Udeogaranya, stated this in a statement shared with Sunday PUNCH.
He noted that the world economy had not fully recovered from the COVID-19 lockdown which was why the US should avoid provoking another recession through trade wars fuelled by provocative high tariffs.
He said, “We strongly believe that China and the US should be the best of friends for the common economic gains and peaceful world, but tariffs and disrespect or undermining the nation’s territorial integrity as often breached by the US on Taiwan, has no place in these.”
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