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Dante Raeburn
Zimbabwe to Suspend Tariffs on All US Imports, Says President Mnangagwa
President Emmerson Mnangagwa has announced the suspension of tariffs on all US imports in order to enhance American imports and promote Zimbabwean exports to the US. This decision reflects Zimbabwe’s commitment to equitable trade and fostering positive international relations amidst existing US tariffs that impact exports from multiple countries.
President Emmerson Mnangagwa of Zimbabwe has announced plans to suspend all tariffs on imports from the United States. This initiative aims to enhance American imports into Zimbabwe while simultaneously promoting exports from Zimbabwe to the US. Mnangagwa emphasized the importance of engaging in equitable trade and fostering improved bilateral cooperation between the two nations.
In his statement on social media, he acknowledged that reciprocal tariffs are intended to protect domestic jobs and industries. However, he reiterated Zimbabwe’s commitment to nurturing amicable relations with all countries, opting not to engage in adversarial relationships.
The announcement comes in the context of broader tariff measures introduced by US President Donald Trump, which impact a range of countries including Zimbabwe. Under these tariffs, Zimbabwean exports to the US will incur a surcharge of 18%. Other nations face varying tariffs, including the European Union at 20%, China at 34%, and Vietnam at 46%, among others. Countries such as Türkiye, the UK, Brazil, Australia, the UAE, New Zealand, Egypt, and Saudi Arabia are subject to a baseline tariff of 10%.
The news was reported by Anadolu Agency, which provides a limited selection of news to its subscribers. Further details can be accessed through their subscription service.
In conclusion, President Emmerson Mnangagwa’s decision to suspend tariffs on US imports reflects Zimbabwe’s strategic focus on enhancing trade relations with the United States. This move is designed to facilitate increased imports and exports, promoting economic growth while also emphasizing Zimbabwe’s commitment to maintaining cordial relationships globally despite existing US tariff policies affecting various other countries.
Original Source: www.aa.com.tr
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