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U.S. President Donald Trump has made waves with a bold move on trade.
On Wednesday, he announced a new set of tariffs, setting the stage for a major shift in international trade dynamics.
Trump described the tariffs as part of his plan to revitalize U.S. manufacturing. He stated, “Our country has been looted, pillaged, raped, plundered” by other nations, emphasizing that it was time for the U.S. to reclaim fairness in its trade deals.
The tariffs target multiple regions, and for the first time, African countries are significantly impacted.
According to data from the Observatory of Economic Complexity (OEC), the new tariffs include a 10 percent baseline charge on all imports from the U.S.’s trading partners.
However, African countries with notable trade surpluses are facing even steeper increases.
Among the hardest-hit countries is Lesotho, with goods from this southern African nation facing a staggering 50 percent tariff.
South Africa will see a 30 percent tariff, while Botswana faces 37 percent.
Other African nations that will be affected include Tunisia (28 percent), Côte d’Ivoire (21 percent), Egypt (10 percent), and Morocco (10 percent).
Though Nigeria and some other countries are not on the supplementary tariff list, the 10 percent baseline tariff will still apply to them.
In 2023, Nigeria exported over $6 billion in goods to the U.S., according to OEC data, showing the significant role African nations play in global trade.
Starting April 5, these tariffs will begin to impact African imports, with the higher rates kicking in by April 9. The White House claims this will generate significant revenue to fund key domestic projects.
Article updated 3 weeks ago. Content is written and modified by multiple authors.
