US President Donald Trump has unveiled a sweeping set of tariffs, imposing a 10% baseline tax on all imports, including those from Ghana. This move is part of Trump’s broader “America First” economic agenda, aimed at countering what he sees as unfair trade practices by foreign countries.
The new tariff structure applies to nearly all imports, with Ghana facing a 10% import tax on goods entering the US. Other countries, such as China, will face a 34% levy, while the European Union will be subject to a 20% tax.
Trump’s administration views this move as a key strategy to rectify trade imbalances and promote domestic production. However, economists warn that this may prompt retaliatory measures from affected countries and raise prices for American consumers already struggling with inflation.
The tariffs are set to escalate global trade tensions, with Ghana and over 180 other nations affected by the new measures. As the situation develops, the impact of these tariffs on global trade and economies will be closely watched.