Nigeria, Feb. 27 -- The last few weeks have been pivotal for the global economy, primarily due to the re-election of the 47th president of the United States, Donald Trump. Like his previous term, Trump's second stint has been characterised by an 'American first policy,' which underlines nationalism and protectionism. President Trump has signed a series of executive orders on trade and the declaration of US expansion over Canada and Greenland. The 25 per cent tariff on steel and aluminium imports signifies a new era of nationalism for the US.

South Africa has not been exempted from these measures and it faces significant repercussions, mainly due to US' reluctance to extend economic assistance to it. Trump suspended all US aid to South Af...