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Labrish
Nyuuz
Trump sets 15 percent tariff on Ugandan coffee and vanilla exports to the US
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[QUOTE="Munyaradzi Mafaro, post: 55688, member: 636"] President Donald Trump signed an executive order imposing a 15% tariff on Ugandan imports as part of measures affecting 69 nations. The policy targets countries with tariff rates between 10% and 41%, taking effect within seven days. Uganda exported goods worth over $140 million to America during 2023, primarily coffee, vanilla, fish, and agricultural products. India faces an 18% rate, while the United Kingdom receives 10% and Taiwan encounters 22% charges. The Trump administration claims these measures will rebalance global trade relationships. Uganda lost duty-free access under the African Growth and Opportunity Act in January 2024 when the Biden administration suspended benefits over human rights concerns. The United States purchased 6% of Uganda's total exports during 2023 while selling $60 million worth of machinery, pharmaceuticals, and vehicles to the African nation. Trade economists predict job losses across Uganda's export sectors. Officials recommend market diversification toward Asia, the European Union, and African Continental Free Trade Area partnerships to reduce dependency on preferential American trade arrangements. [/QUOTE]
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Labrish
Nyuuz
Trump sets 15 percent tariff on Ugandan coffee and vanilla exports to the US
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