U.S. hits Nigeria, South Africa, and 58 other economies with 12.5% tariff under Trump’s new Section 301 trade wall

The United States has unveiled a sweeping new tariff regime targeting imports from 60 economies, with Nigeria, South Africa, Egypt, Morocco, Algeria, Angola and dozens of other countries set to face a 12.5% tariff as President Donald Trump rebuilds his global trade wall under Section 301 of the Trade Act of 1974.