The Digest:
U.S. President Donald Trump has imposed a 15% tariff on Nigeria, Zimbabwe, Ghana, and other African nations, effective August 1, 2025, through an Executive Order. The move aims to modify reciprocal tariffs. South Africa, Libya, and Tunisia face steeper tariffs. The policy, also affecting nations like India and Japan, comes after a similar action in April 2025. This measure highlights Trump's ongoing approach to reshaping global trade and reinforcing U.S. economic interests.
Key Points:
- 15% tariff was imposed on Nigeria, Zimbabwe, Ghana, and others.
- South Africa faces 30%, Libya 30%, Tunisia 25%.
- The U.K. (10%), India (25%), and Japan (15%) were also affected.
- Tariffs effective from August 1, 2025.
- Aims to reshape trade and bolster the U.S. economy.
- Modifications come after the earlier 2025 tariffs on multiple countries.
- Countries urged to negotiate new trade agreements.
The latest tariffs reflect ongoing U.S. efforts to alter international trade dynamics and challenge global trade norms. Trump’s administration continues pushing for favorable economic conditions through protectionist policies.
Sources: New Telegraph
