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Africanews

African nations hopeful to re-negotiate Trump tariffs

Africanews · Just In
Africanews
Africanews
Just In

New trade tariffs imposed by U.S. 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.

Breakdown
  • African nations are affected by new US tariffs imposed by President Trump.
  • South Africa faces a 30 percent tariff and is seeking renegotiation. 27s
  • Lesotho's tariff was reduced from 50 percent to 15 percent before taking effect. 50s
  • Both countries hope to further reduce tariffs to protect key industries. 59s
  • The tariffs are intended to reduce the US trade deficit but may increase consumer prices. 1m 7s
International PoliticsEconomy