African Countries Desperate to Avoid Trump’s Latest Tariff Deadline

5Mind. The Meme Platform

Nations in Africa are confident that deals can be reached with the U.S. government to avoid higher tariffs on Aug. 1.

JOHANNESBURG—African countries targeted in President Donald Trump’s latest effort to gain better economic deals for the United States say they have a lot to offer the world’s largest economy but that they need more time to negotiate new trade agreements with Washington.

The U.S. leader sent almost identical letters to 21 countries on July 7 and July 9 using his Truth Social platform, saying higher tariffs on their exports to the United States will begin on Aug. 1, unless they “move things along.”

He singled out South Africa, the continent’s biggest economy and Washington’s largest African trade partner, and three of North Africa’s major economies: oil-rich Libya and Algeria, and Tunisia, a big supplier of olive oil to the United States.

South Africa, Algeria, and Libya will soon pay at least 30 percent on their goods and products entering the United States, said Trump, with Tunisia being charged a levy of 25 percent.

Information provided by the Office of the U.S. Trade Representative (USTR) shows that these countries export a variety of goods to America, including minerals, automobiles, agricultural produce, electronics, and clothing.

They import American machinery, pharmaceuticals, and refined petroleum.

Trump said the countries he listed had offered “far less” than what’s needed to eliminate “Trade Deficit disparities” that his government says disadvantage the United States.

A trade deficit occurs when a nation imports more than it exports.

According to the Council on Foreign Relations, in 2024, the United States exported nearly $3.2 trillion in goods and services to the world, while it imported $4.1 trillion, leaving an overall trade deficit of more than $900 billion.

According to Trump, this represents a huge financial loss to the United States.

South Africa’s levy will rise to 40 percent should Trump follow through on a threat to impose an additional 10 percent on countries from the BRICS bloc of emerging economies.

South Africa is a BRICS founding member, along with China and Russia, and supports their vision of a “multipolar” world in which U.S. power and influence are reduced, which has raised Trump’s ire.

By Darren Taylor

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

This is Your Brain on Plastic, a Literature Review

Microplastics in the air, land and sea migrate into every organ where they burrow and from which they cannot feasibly be eliminated or degraded.

Irresolute Resolutions

"We need a government that lives within its means, focused on debt reduction, with strict limits on spending and baseline budgeting."

Health Policy Reform Needs a Joint Congressional Committee

Health policy spans 25 committees, creating patchwork laws; Congress needs a unified Joint House-Senate Committee to manage reforms effectively.

America Is Facing The Most Critical Midterms Ever

"If Republicans lose the midterms, Trump's final two years will see gridlock, failed legislation, and a likely another impeachment."

Penny for your thoughts

The curtain fell quietly on a 232-year tradition as the U.S. Mint struck the last penny in Philadelphia. This ended one of the longest runs in American history.

HUD Launches Hotline to Crack Down on Crime, Illegal Immigrants in Public Housing

“HUD Secretary Scott Turner launched a national hotline for public housing residents to report criminals and illegal immigrants in HUD-funded housing.”

Inflation Dampens Household Purchasing Power Despite Brighter 2026 Outlook

Real income growth for U.S. households stayed unusually weak heading into the holidays, even as economists raised their outlook for next year.

Carville Urges Democrats to Run on ‘Pure Economic Rage’ in 2026

Democratic strategist James Carville urges the party to focus on “economic rage” for 2026, saying rising costs, not the shutdown, will sway voters.

Pentagon Investigating Senator After Video Urging Troops to Defy ‘Illegal Orders’

Sen. Mark Kelly is under investigation after the Dept of War received allegations that he engaged in misconduct, the dept stated on Nov. 24.

Bessent Says Americans to See ‘Substantial Refunds’ Next Year, No Risk of Recession

Treasury Secretary Scott Bessent said the recent shutdown won’t trigger a recession and that Americans can expect substantial tax refunds next year.

5 Takeaways From Trump’s Meeting With Mamdani

President Donald Trump welcomed newly elected New York City Mayor Zohran Mamdani to the White House on Nov. 21 to discuss plans for the city.

Trump, Mamdani Highlight Common Ground in White House Meeting

Trump and NYC Mayor-elect Mamdani had a “productive meeting” at the White House, finding common ground on housing and affordability issues.

Americans Can Expect $1,000 Bump in 2026 Tax Refunds: White House

According to a new study from Piper Sandler, which is out this week, tax filers can expect an extra $1,000 bump to their tax refund next year.
spot_img

Related Articles

Popular Categories

MAGA Business Central