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History shows tariffs like Trump’s come with painful pitfalls

  • President Trump, on April 2, 2025, declared tariffs that included a 10% levy on nearly all imports to the U.S.
  • Trump's administration pitched the tariffs as a way to revive U.S. Manufacturing and address unfair trade practices.
  • The tariffs impacted nations like Ghana, potentially erasing competitive advantages for key exports such as cocoa and textiles.
  • Secretary-General Koomson of the Ghana Federation of Labour called the tariff a “wake-up call” for Africa.
  • Facing trade barriers, Ghana and other African nations are exploring the AfCFTA to reduce reliance on external markets.
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The Business & Financial Times broke the news in Accra, Ghana on Monday, April 14, 2025.
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