On Wednesday, US President Donald Trump revealed his eagerly awaited “red hot” tariffs on trading partners.
It is anticipated that these tariffs will strengthen American manufacturing and penalize foreign countries for what Trump says have been years of unfair trade practices.
Trump declared that all imports into the United States from all nations would be subject to a baseline 10% tariff. Nonetheless, the rates will be greater for nations that have a trade surplus with the United States.
Smaller nations will be subject to some of the highest tariffs; Lesotho-made goods will be subject to 50%.
China is considering 34% duties, while the European Union is facing 20%.
All of the African nations on Trump’s initial list are listed below:
Botswana – 37%
South Africa – 30%
Tunisia – 28%
Côte d’Ivoire – 21%
Egypt – 10%
Morocco – 10%
The 10% baseline duty on imports from all nations still applies to Nigeria and other African nations, even though they are not on Trump’s supplemental list.
Nigeria ranked as the second-largest Sub-Saharan African destination for U.S. exports in 2022.
