Chinese manufacturers focus on Nigeria following Trump’s tariffs

0
248
Chinese manufacturers focus on Nigeria following Trump's tariffs

Chinese manufacturers focus on Nigeria following Trump’s tariffs

Chinese manufacturers are redirecting their focus to Nigeria and other emerging markets as tough U.S. tariffs continue to cripple exports to the world’s largest economy.

Following President Donald Trump’s April 2 tariff hike, raising duties on Chinese goods by a staggering 145%, companies say American orders have vanished.

“It’s a matter of life and death because 60–70% of our business is with American clients,” said Candice Li, marketing manager at Conmo Electronic Co.

Read also: Tariffs: Trump approves 90-day pause for countries, increases China rate to 125%

“Goods cannot be exported and money cannot be collected. This is very severe.”

Zealot’s sales manager, David Du, shared that while a major U.S. order from Skechers was paused due to tariffs, Nigeria now accounts for 40% of the company’s total sales.

“We are as big as JBL in Nigeria,” Du said, referencing the U.S. audio giant. Overall, China’s exports to Nigeria hit $15.1 billion by Q3 2024, led by electronics, machinery, and vehicles.

Exports surged 12% in March, with analysts pointing to frontloaded orders ahead of Trump’s tariff deadline.

Follow the Neptune Prime channel on WhatsApp:

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here