IMPACT OF TARIFFS ON AGOA
The African Growth and Opportunity Act (AGOA) has been a significant source of support for African countries, allowing them to export goods to the United States duty-free and quota-free. However, growing concerns exist that these benefits could be eliminated when Donald Trump takes office. President-Elect Donald Trump proposed a 10 percent tariff on all imports, and the AGOA, enacted in 2000 and due for renewal in 2025, is under review. Analysts warn that the act could be modified or withdrawn, potentially impacting jobs and companies across Africa. Melvin Foote, Founder and President of the Constituency for Africa (CFA), is here in the studio to discuss the implications of these developments.