New trade tariffs imposed by US president Donald Trump came into effect on Thursday. Countries like South Africa and Lesotho are also hard-hit and are still hoping to re-negotiate the tariffs in the face of potentially dire consequences for their economies.
Breakdown
- US President Donald Trump imposed new tariffs affecting African nations.
- South Africa faces a 30 percent tariff and is seeking renegotiation. 27s
- Lesotho's tariff was reduced from 50 percent to 15 percent before implementation. 50s
- Both countries hope to further reduce tariffs due to concerns about economic impact. 59s
- The tariffs are part of a US strategy to reduce trade deficits but may lead to higher prices for consumers. 1m 7s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.