Nigeria needs to improve trade relations with the U.S
Sheriff Balogun, the incoming National President of the Nigerian- American Chamber of Commerce, Sheriff Balogun, says the decreasing trade deficit with the U.S is a good sign, stressing that there's the need to achieve a balance of trade. In a chat with CNBC Africa, the incoming president notes that there's the need to improve trade relations between Nigeria and the U.S.
Thu, 20 Mar 2025 15:00:50 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The Challenges of Protectionism in the Era of 'Trump 2.0'
- Implications of Steep Tariffs on Manufacturing and Consumer Prices
- Fostering Mutually Beneficial Trade Relations Between Nigeria and the U.S.
In the current landscape of global trade, marked by the disruptive policies of the Trump administration and the emergence of what appears to be “Trump 2.0,” countries around the world are grappling with the challenges of protectionism that threaten the principles of free trade. Sheriff Balogun, the incoming National President of the Nigerian-American Chamber of Commerce, emphasized the need for nations to address trade issues bilaterally or multilaterally to achieve a balance in trade relations. While protectionist measures may be justified in certain cases, such as to protect domestic jobs and industries, the indiscriminate imposition of steep tariffs can have far-reaching implications on manufacturing, production, and consumer prices worldwide. It is essential for countries to navigate this complex landscape strategically to ensure mutually beneficial trade relationships.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
