Nigeria's $639M Export Drop: CEO Reveals Why This Trade War Could Actually Pay Off
Key Points
- Nigeria's exports to the U.S. plummeted by 41% amidst rising...
Nigeria's trade relationship with America just took a nosedive that would make a Wall Street day trader weep. In July, Nigerian exports to the U.S. crashed from $639 million to $379 million – a brutal 41% decline that happened faster than you can say "tariff war."
But here's where it gets interesting: U.S. exports to Nigeria also tanked, dropping from $919 million to $584 million in the same period. So while America still maintains its $206 million trade surplus (down from $280 million in June), both countries are basically playing a game of economic chicken where everyone's losing money.
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