The United States looks at Zimbabwe's trade deal proposal right after the African nation asked for lower taxes on exports. Zimbabwe wants America to cut the 18 percent fee it charges on goods coming from the country. Finance Minister Mthuli Ncube talked directly with US Treasury officials and lawmakers during spring meetings about making trade easier. America stopped charging the 18 percent tax for three months as talks continue.
US Ambassador Pamela Tremont says her government studies Zimbabwe's offer to find a deal that helps both countries. Trump's team wants fairer trade after years of giving other nations easy access to American markets without getting the same treatment back. The ambassador points out that Zimbabwe charges much higher fees on imports like cars, which can cost 60 percent extra above the purchase price.
Trade between the two countries reached only 112 million dollars last year, but this leaves room for growth. America buys mostly farm products and metal alloys from Zimbabwe. Zimbabwe purchases machinery and processed foods from the United States. The ambassador warns that reaching a final agreement will take time because many countries want similar deals with America.
US Ambassador Pamela Tremont says her government studies Zimbabwe's offer to find a deal that helps both countries. Trump's team wants fairer trade after years of giving other nations easy access to American markets without getting the same treatment back. The ambassador points out that Zimbabwe charges much higher fees on imports like cars, which can cost 60 percent extra above the purchase price.
Trade between the two countries reached only 112 million dollars last year, but this leaves room for growth. America buys mostly farm products and metal alloys from Zimbabwe. Zimbabwe purchases machinery and processed foods from the United States. The ambassador warns that reaching a final agreement will take time because many countries want similar deals with America.
