African nations that faced steep Trump tariffs get some relief but mostly more uncertainty [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Trump administration were given a moment of relief Thursday by the suspension of the duties , only for new uncertainties to hang over key businesses sending clothing and textiles, vanilla and fruit to the United States. Lesotho Madagascar and South Africa were threatened with some of the highest tariff rates under U.S. President Donald Trump's plan. Lesotho, a tiny mountain kingdom, was stunned by the 50% duties that were due to come into effect Wednesday before Trump announced a 90-day pause on the levies. It was the second highest tariff rate after China. “This will give us the opportunity to negotiate the reduction of tariffs so that the playing field is levelled,” Lesotho Trade and Industry Minister Mokhethi Shelile said in response to the suspension. “It's a serious issue for us, but we are tackling it head-on.” Many like Lesotho had already sent trade delegations to Washington or were willing to negotiate , with some of their most important industries and tens of thousan
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