Africa: All of Africa Today – April 7, 2025

How the U.S. Calculated Its New Tariffs – and the Threat to AGOA Trade Benefits

The Trump administration’s formula for calculating global tariffs faced widespread criticism from trade experts, who called it “arbitrary and economically flawed.” President Donald Trump described the tariffs as “reciprocal,” claiming they matched half the duties imposed by other nations on U.S. exports, his administration used a formula based on bilateral trade deficits. The policy, which took effect in early…