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.

Anti-MAHA Senator Bill Cassidy in Existential Primary Fight After Squashing Trump Surgeon General Nominee

President Trump pulled the plug on his nominee for surgeon general, but he’s using the setback to help secure a win he covets: the defeat Sen. Bill Cassidy.

The Proposed Trans-Caspian Pipeline Is Shaping Up To Be A Flashpoint

The strategic stakes rise as NATO edges into Russia’s southern periphery via TRIPP, while Turkiye pushes the Trans-Caspian Pipeline Russia opposes.

America’s Best Governor is Ron DeSantis

No Governor has done a better job than Ron DeSantis in Florida. His state is growing, luring people fleeing high-tax states such as New York.

EU Wages Censorship Jihad on Social Media Emojis

Unsatisfied with merely censoring words or phrases, the rulers of a culture that birthed free speech now chase control so far they even police emojis.

Don’t Miss the Jazz Renaissance Happening All Around You, Part 2

Something miraculous is happening in jazz right now, and the wider culture scarcely seems aware of it.

Republicans Claim Fundraising Advantage Over Democrats 6 Months From Midterms

A GOP committee says Republicans have a fundraising edge over Democrats and will back their narrow House majority ahead of November midterms.

Tennessee Begins Special Session to Redraw Congressional Map

Tennessee state legislature is meeting to redraw the state’s congressional map following Supreme Court ruling restricting key provision of the Voting Rights Act.

Trump Pauses US Operation to Guide Ships Through Strait of Hormuz

President Trump announced that he was pausing Project Freedom, the mission of assisting commercial ships through the Strait of Hormuz, on Truth Social.

UnitedHealthcare Trims Prior Authorization Requirements by 30 Percent Across Services

UnitedHealthcare will cut prior authorization requirements by 30% to streamline care, reduce delays, and ease access to services for patients.

CBP Says It Will Start Issuing First Refunds of Trump Tariffs on May 12

CBP said the first batch of refunds from tariffs imposed by President Trump, which the Supreme Court struck down in February, would begin on May 12.

Trump Says US Economy Is Booming Despite Iran War

President Trump touted his economic policies, from tax cuts and tariffs to deregulation, saying the US is thriving despite conflict in the Middle East.

US to Cut Troops in Germany a ‘Lot Further’ Than 5,000: Trump

President Trump said the U.S. will withdraw more troops from Germany amid disputes with Berlin over the Iran war.

Trump Highlights Senior Tax Relief, Drug Price Cuts at Florida Rally

President Trump addressed approximately 3,000 supporters at The Villages Charter School, highlighting his administration’s efforts to benefit seniors.
spot_img

Related Articles

Popular Categories

MAGA Business Central