Economic Uncertainties and Trade Dynamics

This chapter examines the current economic landscape in the U.S., focusing on the widening trade deficit reaching $96 billion and the effects of protectionist policies under President Trump. It also explores the impacts of tariffs, interest rates, and ongoing trade negotiations, particularly concerning China and India, while contrasting these developments with Nigeria's new tax reforms aimed at improving business conditions. The discussions highlight the complexities faced by small businesses both in the U.S. and Nigeria amid fluctuating economic policies and investor sentiment.