Fitch predicts recession for nations, as Trump slams 14% tariff on exports from Nigeria, others

President Donald Trump’s massive new tariffs would send the US tariff rate dramatically higher to levels unseen since around 1910 and may drive many nations into recession, top ratings agency, Fitch Ratings has predicted. Trump’s very aggressive tariff moves are set to lift the US tariff rate from just 2.5% last year to 22%, according [...]The post Fitch predicts recession for nations, as Trump slams 14% tariff on exports from Nigeria, others appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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