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Steep US tariffs on Africa signal end of trade deal meant to boost...

The imposition of steep tariffs by the U.S. on African nations suggests the end of the AGOA trade deal, which aimed to boost African economies through preferential access to U.S. markets. Several African countries, including Lesotho and Madagascar, were hit with high tariffs, exacerbating their existing challenges such as poverty, debt, and food shortages. The tariffs also come after the dismantling of USAID, a major aid supplier to Africa. The AGOA trade accord is set to expire in September, and the tariffs indicate that a renewal of the deal is unlikely.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14567329/Steep-US-tariffs-Africa-signal-end-trade-deal-meant-boost-development.html
Source Id: 8618943137

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