Trump’s new tariffs could trigger investor pullback, FX instability, and slower growth for African tech.
Anonymous
The ripple effects of Trump's tariff play 🍔 Quick Bite The Donald Trump’s new tariffs could trigger investor pullback, FX instability, and slower growth for African tech ecosystem. It’s a wake-up call to reduce dependence on external markets and attempt to build regional resilience. Earlier this month, Donald Trump announced a sweeping new wave of tariffs as part of his renewed “America First” strategy. A percentage country-specific tariff on imports into the United States, with China singled out for an even steeper 125 percent duty. Days later, China fired back, raising its own tariffs on US goods to match. What followed was a chaotic few days of policy reversals and economic posturing. Last Wednesday, the same day the tariffs were to take effect, Trump paused most of the country-specific duties for 90 days, leaving only the universal 10 percent tariff active for now. The ripple effects from the world’s largest economy are already making their way across borders. And for a continent like Africa, still fighting to recover from …
