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Message: [QUOTE="Munyaradzi Mafaro, post: 52239, member: 636"] President Donald Trump announced plans Tuesday to impose tariffs exceeding 10 percent on smaller nations across Africa and the Caribbean. Commerce Secretary Howard Lutnick clarified that approximately 100 countries would face these uniform tax rates on imported goods. The affected regions conduct relatively modest trade volumes with America and would have minimal impact on addressing broader trade imbalances. Trump indicated his administration would establish a single tariff rate for all targeted nations. These measures represent an expansion of his trade policy approach toward developing economies. Zimbabwe previously faced an 18 percent levy on all exported products following Trump's April Liberation Day tariff announcements. President Emmerson Mnangagwa responded by eliminating all taxes on American imports to foster improved diplomatic relations. Trade between the two countries remains limited at approximately $111.6 million in 2024. American exports to Zimbabwe totaled $43.8 million while imports reached $67.8 million. The trade deficit favored Zimbabwe by just over $24 million according to government data. Trump has begun distributing letters to roughly two dozen countries and the European Union, establishing tariff rates effective August 1. The president also indicated pharmaceutical drugs would face similar measures by month's end. Computer chip imports would receive comparable treatment, with companies receiving one year to establish domestic manufacturing facilities before higher rates take effect. [/QUOTE]

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