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.
12 Articles
12 Articles
New customs duties under Trump administration: Mauritian exports to the United States subject to a 40% tax
One of the major questions for Mauritius concerns the future of the African Growth and Opportunity Act (AGOA). This American legislation, which allows the free entry into the United States of more than 1,700 African products, seems to be threatened by Washington's new tariff policy. The Third World War is already under way. Not on a military level, as might have been expected, but on a commercial level. This conflict was initiated by the United …
Agoa hangs by thinnest of diplomatic threads - Good Morning Cape Town with Lester Kiewit
Lester Kiewit speaks to political risk analyst Ziyanda Stuurman about the chances that Agoa can survive as US and SA relations sour. The foundations of the trade agreement are already in tatters as U.S President Donald Trump slaps the country with 31percent trade tariffs.
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