President Trump’s recent announcement of a 10% baseline tariff on imports from over 180 countries, including several African nations, marks a significant shift in U.S.-Africa trade relations. This policy, introduced on April 2, 2025, aims to address trade imbalances and has been dubbed “Liberation Day” by the administration.
The new tariffs are set to impact African countries such as South Africa, Nigeria, and Kenya, potentially altering existing economic ties. For instance, South Africa faces a 30% tariff on its exports to the U.S., with an additional 25% tariff on vehicles and car parts, affecting its $2 billion export sector.
Critics argue that these tariffs could lead to higher consumer prices and economic instability, while supporters believe they will level the playing field and promote domestic job growth in the U.S. The global market is closely monitoring these developments as nations consider potential retaliatory measures.
Courtesy: @businessinsiderssa
