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News24 Business | Did Trump just kill AGOA?

  • The Agoa trade accord is set to expire in September, and new tariffs imposed by U.S. President Donald Trump indicate that a renewal is unlikely.
  • Economist Adrian Saville noted that the tariffs would effectively replace Agoa before its expiry, affecting duty-free imports.
  • The U.S. Government's tariffs include rates as high as 50% on goods from countries like Lesotho and Madagascar, worsening existing economic struggles.
  • The U.S. Government's tariffs add to existing challenges for African economies, which face high poverty and debt levels.
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Denver GazetteDenver Gazette
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Steep US tariffs on Africa signal end of trade deal meant to boost development

By Nqobile Dludla and Lovasoa Rabary

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  • 60% of the sources lean Right
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camer.be broke the news in on Thursday, April 3, 2025.
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