Namibia survives Trump’s sweeping tariffs
Namibia has survived a dreadful external economic shock after the country was excluded from the list of seven African countries that are facing President Donald Trump’s latest 12.5% tariff hit on goods entering the United States. Trump’s latest trade policy, issued on 23 July under Section 301 of the US Trade Act of 1974, grants... The post Namibia survives Trump’s sweeping tariffs appeared first on New Era .
Namibia has survived a dreadful external economic shock after the country was excluded from the list of seven African countries that are facing President Donald Trump’s latest 12.5% tariff hit on goods entering the United States.
Trump’s latest trade policy, issued on 23 July under Section 301 of the US Trade Act of 1974, grants him broad authority to impose tariffs on goods from certain countries in response to reported unfair trade practices and forced labour within the global supply chains. The latest 12.5% tariffs have badly impacted seven of Africa’s largest exporting economies, which includes Nigeria, South Africa, Egypt, Morocco, Algeria and Angola.
However, Namibia was exempted from the latest US tariff list, which also targets imports from 60 other economies globally.
