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Africanews

Botswana seeks alternative markets as U.S. tariffs erode exports

Africanews · Just In
Africanews
Africanews
Just In

Officials say talks with China and opportunities under the African Continental Free Trade Area could cushion the blow, while domestic reforms are underway to attract investment and broaden the country’s economic base.

Breakdown
  • Botswana faces reduced export competitiveness due to steep U.S. tariffs.
  • Tariffs were lowered to 10-15 percent after diplomatic talks but remain impactful. 10s
  • The chamber of commerce warns that jobs are at risk if exports decline. 16s
  • Botswana is negotiating with China and exploring other global markets. 32s
  • Officials see potential in the African continental free trade area to offset losses. 51s
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