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Originally published by Capital Business
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business
July 29, 2025
2mo ago

African economies under threat from U.S. tariff war, says Ghanaian analyst

African economies under threat from U.S. tariff war, says Ghanaian analyst

ACCRA, July 29 (Xinhua) -- African economies will face adverse consequences of the ongoing tariff war by the United States, a Ghanaian expert has said. Kenya breaking news | Kenya news today |..

✨ Key Highlights

African economies are under threat from the new U.S. tariff war, according to economist Leslie Dwight Mensah of the Institute for Fiscal Studies. The impact will vary based on the scale of trade relationships with the United States, potentially eliminating some export trade.

  • Some African economies face duties of up to 50 percent on goods to the U.S., including Lesotho (50 percent), Madagascar (47 percent), Mauritius (40 percent), and Botswana (37 percent).
  • Leslie Dwight Mensah, economist at the Institute for Fiscal Studies.
  • New tariffs mean many African economies will see positive tariffs on most exports compared to previous zero tariffs.

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US Tariffs Threaten African Economies and American Consumers - July 2025

Economist Leslie Dwight Mensah of the Institute for Fiscal Studies has warned that African economies are under threat from the new U.S. tariff war, with the impact varying based on the scale of trade relationships and potentially eliminating some export trade. Simultaneously, US President Donald Trump's new tariffs, or extra taxes on imported goods, are threatening to increase prices for American consumers. While some major trading partners have seen tariff rates reduced, other countries like Canada face significant increases, potentially impacting the cost of various products. This comes as U.S. budget airlines, including Spirit and Southwest, are already struggling for survival and taking drastic measures like pilot layoffs and flight reductions amidst rising costs and shrinking markets.

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