The trade wars are escalating.
Nigerians could soon feel the pinch from the US–China tariff showdown, if this power play doesn’t end soon.
In early April 2025, China imposed export controls on key rare earth minerals as part of its response to new U.S. tariffs. Rare earth elements (like samarium, gadolinium, terbium, dysprosium, etc.) critical for electronics, electric vehicles, and defense were placed on a controlled list.
Beijing’s curbs apply to all countries (not just the US), demonstrating China’s ability to “weaponize” its dominance in these minerals.
But we all know the biggest importer of these minerals are Americans and this move is a response to the tariff hikes.
Since China produces ~90% of the world’s rare earths, this move threatens to squeeze global supply chains for products ranging from smartphones to EV batteries.
Manufacturers worldwide are scrambling to find alternative sources, as these minerals are vital for semiconductors, magnets, and other high-tech components
Meanwhile, the US has slammed a whopping 104% tariff (doubling the price) on Chinese tech gadgets and electric vehicles, and China hit back with an 84% duty on American goods.
Although Nigeria claims it will not respond to the tariff hike.
Less than a week after Trump’s announcement the US claimed that,Nigeria placed an import ban on 25 different product categories which impacts U.S. exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
Hence the 14% tariff hike.
Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit U.S. market access and reduce export opportunities.
Hmmm are we going to grow a back bone?
This tit-for-tat trade war may raise prices of smartphones, laptops, and car parts in Nigeria. Food costs and general inflation could also climb as global supply chains slow down.
- Stay prepared, and leave Temu and whiskey alone for now
( the owner of this shade knows themselves)
(facebook)
