Trump’s New Tariff Plan Targets African Imports Starting August 1st
Black Owned Newspapers And Blogsby Toter 3 days ago 25 Views 0 comments
African nations are preparing for the impending Trump tariffs set to take effect on August 1st. The Trump administration has confirmed trade agreements with the European Union, the United Kingdom, and Japan but has not reached similar accords with African countries. Several African nations will face a 10 percent tariff on their exports, with Lesotho experiencing the harshest impact at a staggering 50 percent. This has led Lesotho to declare a state of emergency due to potential threats to its textile sector. Meanwhile, South Africa anticipates a 30 percent tariff and is actively pursuing a trade agreement with the U.S. However, negotiations have been complicated by U.S. demands concerning South African legislation addressing historical racial disparities from apartheid. Tensions have flared, especially after South Africa's legal actions against Israel, compounded by Trump's controversial remarks about alleged genocide against white South Africans. Recently, Trump reiterated his grievances, stating he would skip the November G20 in South Africa. (Photos: Wikipedia)
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