Nigeria, Feb. 4 -- US President Donald Trump signed a sweeping executive order on July 31, introducing new global reciprocal tariffs on goods from 69 state actors with rates ranging from 10 to 41 per cent.

In a White House statement, Trump cited the 'continued lack of reciprocity in bilateral trade relationships,' unfair trade practices and intended acts of retaliation from allies and partners alike.

This comes at a time of global economic decoupling, with nations reconfiguring trade relations. For many economies, nothing guarantees safety from Trump's tariffs, and the question is: who pays the price?

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Trump-inspired American trade war comes in varying dimensions with both political and economic undertones. Of the 69 state actors...