Tag: US trade policy
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Agoa Extension: How US Rivalry with Russia and China Boosts African Exporters
Background: Agoa in the American-African Trade Landscape The Africa Growth and Opportunity Act (Agoa) has long been a cornerstone of the United States’ trade strategy with sub-Saharan Africa. The program grants eligible African countries preferential access to the U.S. market for a broad range of products, helping exporters diversify beyond traditional partners and integrate into…
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How US-Rivalry with Russia and China Prompted AGOA Extension for Kenyan Exports
US-Russia-China Rivalry Shapes Trade Policy in Africa The ongoing competition among the United States, Russia, and China is reshaping how Washington engages with Africa. In a strategic move, pressure from rival powers has steered U.S. lawmakers to take a closer look at trade incentives that can bolster American influence on the continent. One emblematic policy…
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US House Passes 3-Year AGOA Extension as South Africa Status Hangs in the Balance
The U.S. House of Representatives has moved to extend the African Growth and Opportunity Act (AGOA) for three years, a move that supporters say will provide stability for trade and investment across sub-Saharan Africa. The decision, which passed with broad support, aims to extend duty-free access to the U.S. market for more than 30 beneficiary…
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Trump Signs Order to Drop Tariffs on Hundreds of Foods, Beef
H2: Trump Expands Tariff Exemptions to Hundreds of Food Products The White House has announced that President Donald Trump signed an executive order to remove tariffs on hundreds of food products, a move aimed at easing the cost of imported and domestic foods while addressing concerns about supply chains and consumer prices. Among the most…
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Trump Drops Tariffs on Beef, Coffee and Tropical Fruit
Executive Order Aims to Lower Prices for Everyday Goods President Donald Trump signed a sweeping executive order on Friday that eliminates tariffs on a broad range of commodities, including beef, coffee, and tropical fruits. The move is framed as a response to mounting pressure from consumers who have argued that tariffs have pushed up the…
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Truck Tariffs: 25% on Medium- and Heavy-Duty Imports Start Nov. 1
Overview: A Big Tariff Increase for Heavy-Duty Truck Imports President Donald Trump announced a sweeping escalation in trade policy by confirming a 25 percent tariff on all medium- and heavy-duty trucks imported into the United States. Effective November 1, the move broadens earlier duties that targeted heavy trucks and shifts the policy to apply across…
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Trump Announces 25% Tariff on Medium- and Heavy-Duty Trucks Facing Nov. 1 Start
Overview: A Major Tariff Step on Trucks President Donald Trump announced that all medium- and heavy-duty trucks imported into the United States will face a 25 percent tariff starting November 1. The move represents a sharp escalation in the administration’s effort to deter foreign competition and safeguard U.S. manufacturers in the trucking sector. The Policy…
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Trump Imposes 100% Tariffs on Medicines: AstraZeneca Hit
Executive overview: 100% tariffs on medicines In a move that has stoked alarms across the pharmaceutical sector, the United States plans to impose 100 percent tariffs on imported medicines starting October 1. The sweeping policy targets a wide range of drugs and could push up costs for patients and disrupt established supply chains, even as…
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Trump tariffs threaten Ikea prices as US market braces
Tariffs on the horizon: what the plan entails In a late-week announcement on Truth Social, President Donald Trump said tariffs would rise across several import categories to push domestic production. The plan would include 50 percent tariffs on kitchen and bathroom cabinets and related products, starting October 1, 2025, and a 30 percent tariff on…
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Trump Imposes 100% Tariffs on Imported Medicines, Shaking Global Pharma
US announces 100% tariffs on imported medicines In a move set to ripple through the pharmaceutical sector, the United States announced on October 1 that it will impose 100 percent tariffs on imported medicines. The decision, framed as a measure to curb what officials call a flood of foreign products, immediately drew attention from industry…