Africa: Trump ‘Pauses’ Huge Trade Tariff Hikes

Cape Town — US President Donald Trump has announced a 90-day “pause” of trade tariffs for all countries except China. Trump shared the decision via social media, saying more than 75 countries made contact with the U.S. administration to “negotiate a solution”.

The adjusted tariffs will now remain at 10% for three months, Trump wrote.

The decision will bring relief for key exporters like South Africa, Nigeria, and Madagascar, as well as Lesotho, which had the highest tariff set at 50%. Lesotho…