Zimbabwean President Announces Suspension of Tariffs on US Imports
(MENAFN) Zimbabwean Leader Emmerson Mnangagwa recently announced that he will instruct the government to suspend all tariffs on imports from the United States.
In a post shared on X on Saturday, Mnangagwa stated that this initiative is designed to enhance the flow of American goods into Zimbabwe and simultaneously encourage Zimbabwean exports to the US.
The Leader emphasized that this decision demonstrates Zimbabwe's dedication to fostering a fair trade framework and strengthening bilateral cooperation.
"This action underscores our commitment to a framework of equitable trade and enhanced mutual cooperation," he explained.
Mnangagwa also highlighted the importance of reciprocal tariffs in safeguarding local jobs and industries.
He reiterated that "Zimbabwe maintains a policy of fostering amicable relations with all nations, and cultivating adversarial relationships with none," underlining the country’s focus on peaceful international relations.
In response to global trade tensions, United States Leader Donald Trump has imposed extensive tariffs, ranging from 10 percent to 50 percent, on imports from numerous countries and economic regions, including Zimbabwe.
Zimbabwean exports to the US will be subject to an 18 percent surcharge under these new measures.
The European Union faces a 20 percent tariff, while China is hit with a 34 percent tariff. Other countries such as Vietnam, Taiwan, Japan, and India will experience tariffs of 46 percent, 32 percent, 24 percent, and 26 percent, respectively.
Additionally, regions like Turkey, the United Kingdom, Brazil, Australia, the United Arab Emirates, New Zealand, Egypt, and Saudi Arabia are each facing a 10 percent baseline tariff.
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