Nigeria: Global Recession Looms As Trade War Escalates

The global community is on the brink of economic recession following the torrents of tariffs US President Donald Trump slammed on many countries with which it has trading relations in varying degrees.

Barely a week after Trump announced the sweeping tariffs, no fewer than 64 countries affected have reportedly responded with counter-tariffs while some are still open to negotiation for a favourable trade term with the US.

On Wednesday, the US President intensified the tariffs on China to 125%…