Nigeria’s Economy Faces New Threat Over Trump’s Proposed Tariffs on BRICS-Aligned Nations
Nigeria’s already struggling economy may face a fresh downturn if US President Donald Trump follows through with his threat to impose additional trade tariffs on countries aligning with BRICS.
BRICS, an informal coalition of emerging economies, originally comprised Brazil, Russia, India, China, and South Africa. In 2024, it expanded to include Egypt, Ethiopia, the United Arab Emirates (UAE), Iran, Saudi Arabia, and Indonesia.
Trump’s proposed tariff plan is expected to target countries engaging with the BRICS coalition, potentially increasing economic pressure on Nigeria and other African economies seeking alternative trade alliances amid global shifts.
