US EditionAfrica: Trump Is Punishing Poor Countries Which Export More to the U.S. Than They Import
- U.S. President Donald Trump's trade tariffs are impacting poor countries, including Madagascar, which faces a 47% tariff on $733 million in exports to the U.S.
- Lesotho and Cambodia also face high reciprocal tariffs of 50% and 49% respectively due to Trump's calculation formula.
- John Denton, head of the International Chamber of Commerce, states that the tariffs risk further damaging developing countries' prospects.
- Critics, including Mary Lovely and Robert Kahn, question the methodology used for calculating tariffs, suggesting it lacks practicality and could harm international relations.
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Customs duties on Trump's poorest countries
President Donald Trump announced on Wednesday the list of tariffs to be paid by most of the trading partners of the United States. Among other things, we find the poorest countries in the world and even a territory essentially inhabited by... penguins!
·Montreal, Canada
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Trump’s tariff formula confounds the world, punishes the poor
Ridiculed for imposing trade tariffs on frozen islands largely inhabited by penguins, US President Donald Trump's formula for calculating the levies has a serious side: it is also hitting some of the world's poorest nations hardest.
·Johannesburg, South Africa
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