Risks Persist for Africa Amid U.S.-China Tensions
WTO Director-General Ngozi Okonjo-Iweala warns that while a temporary U.S. tariff pause provides short-term relief, significant risks remain. She said the potential is for a 1.5% decline in global goods trade if reciprocal tariffs are reinstated, which could adversely affect Africa’s export-oriented least-developed countries (LDCs). Okonjo-Iweala spoke of the need for tariff exemptions for LDCs to support their growth and create new markets.
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