Despite pause on US tariffs, African economies face uncertain future
- President Trump paused new US tariffs for 90 days on some African imports.
- The tariffs stemmed from trade calculation and impacted nations under AGOA.
- South Africa's citrus and auto industries faced uncertainty due to the tariffs.
- Boitshoko Ntshabele stated, "We feel some relief," as packing began for US export.
- Job losses and economic hardship could occur without clarity on AGOA status.
40 Articles
40 Articles
Trump Is Using Emergency Law to Impose Tariffs. Is That Legal?
President Donald Trump’s trade tariffs have hammered financial markets, prompted an outcry from world leaders, and raised the specter of a US recession. He declared a 90-day pause on some of the most punishing tariffs on April 9. Even so, his statement, in which he announced an increase in the tariffs on imports from China, underscored that he’s calling the shots, though the US Constitution gave Congress the last word in setting import duties.
Relative relief in Africa after tariff pause
"This will give us an opportunity to negotiate tariff reductions so that the playing field is level for everyone," said Lesotho's Minister of Trade and Industry, Mokhethi Shelile, in response to the suspension. "This is a serious problem for us, but we are tackling it head on."
Africa: Despite Pause On U.S. Tariffs, African Economies Face Uncertain Future
African exporters have welcomed a temporary reprieve from new US tariffs, after President Donald Trump suspended a planned 30 percent import tax for 90 days - but the bigger picture remains uncertain.
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