• Home
  • News
    • BREAKING!
    • Investigation
    • Media
    • Interview
    • NEWS ANALYSIS
    • PRESS RELEASE
  • Politics
  • Business
    • OIL & GAS
    • AVIATION
    • ENERGY
    • ECONOMY
    • Agriculture
  • Crime
  • Entertainment
    • MUSIC&ENTERTAINMENT
    • PEOPLE/SOCIETY/CELEBRATION
  • Sports
  • About Us
    • Contact Us
    • Mission Statement
  • More
    • INTERNATIONAL
      • AFRICA
      • DIPLOMATIC
      • FOREIGN
    • DISASTER
    • Civil Society/Human Rights
    • EDUCATION
    • Health
    • Columnist
    • ENVIRONMENT
    • Workers World
    • Judiciary
    • Guest Column
    • Opinion
    • RELIGION
    • ADVENTURE
    • HISTORY
    • DEFENCE
    • SEXUAL VIOLENCE
    • ICT
    • SUNDAY SERMON
    • OBITUARY
    • FOR THE RECORD
    • REACTION
  • Advertise on National Record
Facebook Twitter Instagram
Trending
  • Miners’ Deaths In NSCDC Custody: Panel Recommends N1.4bn Compensation
  • Tinubu Seeks Senate Approval For Transfer Of Convicted Offenders Amendment Bill 2026
  • China Backlash Prompts Mbappe Apology Over Mao ‘Dictator’ Remark
  • 33 Detained Miners Died Because NSCDC Officers Ignored Distress Calls – Probe Panel
  • SEC Secures Jail Terms For 7 Ponzi Scheme Operators
  • Court Strikes Out Cybercrime Case Against Dankaka Over Alleged Threat On Gov. Abba Yusuf
  • Tinubu Seeks Senate’s Approval Of $20.52bn, €1.05bn Further External Borrowing
  • Nigeria’s Ebola Case: The Questions Still Unanswered
Facebook Twitter Instagram
National RecordNational Record
  • Home
  • News
    1. BREAKING!
    2. Investigation
    3. Media
    4. Interview
    5. NEWS ANALYSIS
    6. PRESS RELEASE
    Featured

    Miners’ Deaths In NSCDC Custody: Panel Recommends N1.4bn Compensation

    By National RecordOctober 27, 202602 Mins Read
    Recent

    Miners’ Deaths In NSCDC Custody: Panel Recommends N1.4bn Compensation

    October 27, 2026

    Tinubu Seeks Senate Approval For Transfer Of Convicted Offenders Amendment Bill 2026

    October 27, 2026

    China Backlash Prompts Mbappe Apology Over Mao ‘Dictator’ Remark

    October 27, 2026
  • Politics
      Featured

      Tinubu Seeks Senate’s Approval Of $20.52bn, €1.05bn Further External Borrowing

      By National RecordOctober 27, 202602 Mins Read
      Recent

      Tinubu Seeks Senate’s Approval Of $20.52bn, €1.05bn Further External Borrowing

      October 27, 2026

      2027: Social Media Noise Won’t Stop Tinubu – Dr. Kwankwaso

      October 27, 2026

      INEC To Publish Preliminary Voters Register Online

      October 27, 2026
    1. Business
      1. OIL & GAS
      2. AVIATION
      3. ENERGY
      4. ECONOMY
      5. Agriculture
      Featured

      Dangote Charts Path To Africa’s Industrial Revolution, Prioritizes Power, Financing

      By National RecordOctober 23, 202605 Mins Read
      Recent

      Dangote Charts Path To Africa’s Industrial Revolution, Prioritizes Power, Financing

      October 23, 2026

      Dangote Unveils Pan-African Petroleum Network, Backs Stronger Protection For Local Industries

      October 22, 2026

      ‘Every Journey Must End Safely’, Pathak Charges Dangote Cement Drivers

      October 21, 2026
    2. Crime
        Featured

        Police Arraign Man For Allegedly Stealing N600 33cl Malt Drink

        By National RecordOctober 23, 202601 Min Read
        Recent

        Police Arraign Man For Allegedly Stealing N600 33cl Malt Drink

        October 23, 2026

        Police Confirm Kidnap Of Catholic Priest In Benue

        October 16, 2026

        El-Rufai: ICPC Opposes Jimi Lawal’s Bail As Court Fixes Hearing For Friday, Oct. 16

        October 14, 2026
      1. Entertainment
        1. MUSIC&ENTERTAINMENT
        2. PEOPLE/SOCIETY/CELEBRATION
        Featured

        Veteran Nollywood Actor, Francis Duru, Dies At 57, Colleagues Mourn, Pay Tribute

        By National RecordOctober 23, 202605 Mins Read
        Recent

        Veteran Nollywood Actor, Francis Duru, Dies At 57, Colleagues Mourn, Pay Tribute

        October 23, 2026

        Nollywood Film ‘Call Of My Life’ Clinches Award At Blackstar Film Festival

        August 13, 2026

        QEDNG Summit: Nigeria’s Creative Economy Cannot Run On Talent Alone – Stakeholders

        August 12, 2026
      2. Sports
          Featured

          China Backlash Prompts Mbappe Apology Over Mao ‘Dictator’ Remark

          By National RecordOctober 27, 202605 Mins Read
          Recent

          China Backlash Prompts Mbappe Apology Over Mao ‘Dictator’ Remark

          October 27, 2026

          Kane Crowned Ballon d’Or Winner As Burna Boy Makes African History

          October 27, 2026

          FIFA Under-20 WWC: Nigeria Beat England 3-0 To Advance To Quarter-Finals

          September 17, 2026
        1. About Us
          • Contact Us
          • Mission Statement
        2. More
          • INTERNATIONAL
            • AFRICA
            • DIPLOMATIC
            • FOREIGN
          • DISASTER
          • Civil Society/Human Rights
          • EDUCATION
          • Health
          • Columnist
          • ENVIRONMENT
          • Workers World
          • Judiciary
          • Guest Column
          • Opinion
          • RELIGION
          • ADVENTURE
          • HISTORY
          • DEFENCE
          • SEXUAL VIOLENCE
          • ICT
          • SUNDAY SERMON
          • OBITUARY
          • FOR THE RECORD
          • REACTION
        3. Advertise on National Record
        National RecordNational Record
        Home»News»INTERNATIONAL»Global Trade Tensions Deepen As Trump Imposes Fresh Tariffs On 60 Economies
        INTERNATIONAL

        Global Trade Tensions Deepen As Trump Imposes Fresh Tariffs On 60 Economies

        National RecordBy National RecordJuly 24, 2026Updated:July 24, 2026No Comments4 Mins Read
        Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
        Trump
        Trump
        Share
        Facebook Twitter LinkedIn Pinterest WhatsApp Email

        THE ADMINISTRATION of United States President Donald Trump has imposed fresh tariffs on imports from 60 trading partners, citing what it described as inadequate efforts by those economies to prevent goods made with forced labour from entering their markets, a move that has drawn swift criticism from governments across Europe, Asia and Latin America.

        The new duties, which took effect as a temporary 10 per cent global tariff expired, impose rates of either 10 per cent or 12.5 per cent on imports from the affected economies, including the European Union, China and several other major US trading partners.

        The tariffs mark the latest attempt by the Trump administration to rebuild its broad tariff programme after the US Supreme Court earlier this year struck down the administration’s previous “reciprocal tariffs” introduced under emergency powers.

        The White House is relying instead on Section 301 of the US Trade Act of 1974, arguing that countries which fail to prohibit or effectively police imports made with forced labour create unfair competition for American businesses while allowing labour abuses to persist.

        According to the Office of the United States Trade Representative (USTR), investigations found that the targeted economies had not taken sufficient action to prevent the importation of goods produced with forced labour.

        The tariffs cover about 99.4 per cent of US imports but exempt a range of products, including oil, natural gas, fertiliser and certain food items. Countries deemed to have stronger legal frameworks or commitments to improve enforcement were assigned the lower 10 per cent tariff, while most others face the higher 12.5 per cent rate.

        Backlash

        The decision immediately provoked strong reactions from many affected governments, which rejected Washington’s justification.

        The European Union dismissed the allegation that it had weak labour protections. EU foreign policy chief, Kaja Kallas, said the bloc maintained some of the world’s strongest labour standards and rejected any suggestion that it was failing to address forced labour in supply chains.

        China also criticised the US action, accusing Washington of abusing trade measures under the guise of protecting labour rights and calling for the tariffs to be withdrawn. Beijing maintained that the move violated international trade principles and would further disrupt global supply chains.

        Australia described the tariffs as “completely unjustified”, with Trade Minister Don Farrell saying Canberra would continue engaging Washington to secure their removal.

        Brazil condemned the duties as arbitrary and indicated it would challenge them through the World Trade Organization under its Reciprocity Law.

        Mexico, however, played down the immediate impact, saying the new measures largely replaced the previous 10 per cent tariff already being applied to many exports.

        Malaysia welcomed being assigned a relatively lower tariff while signalling its intention to continue negotiations with Washington.

        The Philippines also defended its record against forced labour and stressed the importance of maintaining stable trade relations with the United States.

        The latest action represents another chapter in Trump’s long-running use of tariffs as a central trade policy tool.

        Earlier efforts to impose sweeping duties aimed at reducing America’s trade deficit were overturned by the US Supreme Court, prompting the administration to seek a new legal basis for broad import levies.

        Analysts say the renewed tariff programme is likely to heighten uncertainty for businesses already grappling with geopolitical tensions and supply chain disruptions.

        While financial markets showed only limited immediate reaction, economists warned that escalating trade disputes could increase costs for manufacturers, complicate global commerce and add pressure to inflation if affected countries retaliate.

        For Nigeria and other export-dependent economies, the latest US trade measures underscore the increasingly fragmented global trading environment.

        Although Nigeria was not among the major economies highlighted in the immediate reactions, continued tensions between the world’s largest economies could reshape supply chains, commodity demand and international trade flows, with potential implications for emerging markets.

        Follow the National Record Channel on WhatsApp

        deepen Economies Fresh Tariffs Global Trade Tensions Trump
        National Record

          Related Posts

          Serbian Leader Aleksandar Vučić Ousted By Student Movement In Seismic Election

          October 26, 2026

          Brazil: Lula Wins Historic Fourth Term As Bolsonaro Refuses To Concede

          October 26, 2026

          Pope Leo’s Doctors Say No Further Cancer Treatment Necessary

          October 21, 2026
          Recent Posts
          • Miners’ Deaths In NSCDC Custody: Panel Recommends N1.4bn Compensation
          • Tinubu Seeks Senate Approval For Transfer Of Convicted Offenders Amendment Bill 2026
          • China Backlash Prompts Mbappe Apology Over Mao ‘Dictator’ Remark
          • 33 Detained Miners Died Because NSCDC Officers Ignored Distress Calls – Probe Panel
          • SEC Secures Jail Terms For 7 Ponzi Scheme Operators
          About Us
          About Us

          Contest Communications Limited is a company incorporated to operate a purely ideologically progressive and working class news establishment. Registered in 2019 to bring this idea into reality, National Record, with the domain name: https://nationalrecord.com.ng/ was conceived to operate as an online news publication.

          Contact Us

          Contest Communications Limited

          Address: 2nd Floor, Suite 21B, Dagep Plaza, Opposite Anaconda Garden and Resort, Off Karu Roundabout, Karu-Site, AMAC, Abuja-FCT.

          Phone: +2348033209749

          Email: Nationalrecordng@gmail.com

          Facebook Twitter Instagram Pinterest
          © 2026 All Right Reserved. National Record. Designed By DeedsTech.

          Type above and press Enter to search. Press Esc to cancel.