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Labrish
Nyuuz
Trump digs in on tariffs hitting foes from China to Africa
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[QUOTE="Munyaradzi Mafaro, post: 31287, member: 636"] Since his second time as US President, Donald Trump has pushed hard on tariffs. He slapped these extra fees on goods from many places that tax American products or go against US interests. Even close neighbors Mexico and Canada faced these trade penalties. China took big hits from these charges and recently asked the World Trade Organization to help them fight back against Trump's actions. Chinese officials claim the US broke trade rules by adding 10% more costs to their products. They say these actions break the General Agreement on Tariffs and Trade from 1994. Trump defends these moves as protection for American safety. He points to dangerous cartel groups and deadly drugs like fentanyl coming across borders as reasons for these strong measures against nearby countries. Trump believes many nations cheat in global trade, and he wants to make things fair for American businesses. African countries felt these effects when Trump hit 25 different African nations with new tariffs. Lesotho suffered the worst with a huge 50% tax on their goods. Madagascar saw 47% charges, and Mauritius faced 40% increases on what they sell to America. Botswana, Angola, Libya, South Africa, and Algeria all faced steep tariffs between 30% and 37% on their exports. Tunisia received 28% fees, with Côte d'Ivoire and Namibia both paying 21% more. Zimbabwe products cost 18% extra when entering American markets. Zambia and Malawi both pay 17% higher rates than before, as Mozambique deals with 16% increases. Nigeria pays 14% more for selling to America these days. Equatorial Guinea and Chad both face 13% higher costs. The Democratic Republic of Congo and Cameroon must pay 11% extra fees. Trump put 10% tariffs on goods from Egypt, Morocco, Kenya, Ethiopia, and Ghana. Kenya has enjoyed tax-free exports to America since May 2000 under the African Growth and Opportunity Act, which ends this September. Kenya adds 10% to American products coming into their country. [/QUOTE]
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Labrish
Nyuuz
Trump digs in on tariffs hitting foes from China to Africa
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