Why The US Needs to Reverse Tariffs on China — GMIA

The Goods Made-in-China Importers Association (GMIA), a trade and commerce association in Nigeria has called on the US government to withdraw the 34 per cent tariffs imposed on Chinese goods, which has already attracted a retaliatory from China.

In a release signed by the GMIA Chairman, Charles Udeogaranya, on Friday, he appealed to the US government to drop the 34 per cent tariffs against China, for the common economic good of the global market and de-escalate chances of global economic recession, which leaves global economy struggling and it usually leaves African nations economy worse off.

Udeogaranya deposits that the world economy is yet to recover fully from the COVID-19 lockdown led economic recession and that’s a reason the US should not provoke another recession with trade wars led by provocative high tariffs.

“We strongly believe that China and the US should be the best of friends for the common economic gains and peaceful world, but tariffs and disrespect or undermining nation’s territorial integrity as often breached by the US on Taiwan, has no place in these”.