
GLOBAL TARIFF WAR: NPA’s ABUBAKAR DANTSOHO HITS TARGET By Asu Beks.
When Donald Trump threatened the world, during his campaign for the US top job , especially China, Candada and Mexico that they should prepare for a barrage of tariff increases once he wins the election, only a few took him seriously. Even though our Nigerian born headmistress of the World Trade Organization, Dr Ngozi Okonji-Iweala, promptly cautioned against the threats which she warned might be catastrophic, she underestimated the swiftness with which Donald Trump struck once he won the November elections.
A tariff is a tax on imported goods and services . Tariffs are typically a percentage of the value of the goods. The purpose of tariffs is to raise revenue for government and to protect domestic industries from foreign competition. About a fortnight ago, the Nigerian Ports Autho...