Jump to navigation

Vol 66 No 16

Published 8th August 2025


Trump lessens the tariff pain, but they will still bite

The worst was averted – yet oil states and surplus exporters still face steep duties, as Lesotho breathes easier and AGOA’s future hangs in the balance

The final tariff sweep was softer than feared – but still sharp enough to sting. Algeria, Libya and South Africa will face 30% tariffs on goods exports, while 90% of African states will be subject to 15% or 10% rates. In most cases, President Donald Trump has targeted countries with large trade surpluses with the United States, in line with his aim to slash the trade deficit.

End of preview - This article contains approximately 696 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.