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International Business Times
International Business Times
Business

Despite US Tariffs Pause, Southern African Economies Under Threat

Lesotho jeans factories will be among African businesses still expecting to take a hit from Trump's 10-percent tariffs (Credit: AFP)

Washington's 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say.

The African Growth and Opportunity Act (AGOA) -- which provided duty-free access to the US market for some African products -- had enabled certain sectors to flourish, for example allowing seven large automakers in South Africa to export tax-free to the United States.

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