Zambia : thoughts on US trade protectionism

Trade with African economies and investment in Africa offer big rewards for US companies © RR

Casablanca (ADV with Agencies) – The United States is gradually building foundations for trade protectionists measures. The latter may consecutively affect African exports.

Trump’s decision to impose hefty tariffs on foreign imports will also imperil the economies of the least developed countries, Alexander Chikwanda said.

The Trump administration “need to be told by the global community that they are setting the world ablaze with the tariffs they are rolling out. They distort things to justify draconian (measures) which will hurt the global economy and will hurt America in the not too distant future,” he said.

Chikwanda warned that the U.S. trade actions will be met with reciprocal measures.

Talking about trade tensions between the U.S. and China, he said the two sides should seek a negotiated win-win result.

© Bur-csa – ADV with Agencies