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Adesina Warns Of Economic Shockwaves From US Tariffs

Published 10 hours ago1 minute read

The impacts of these higher tariffs are further exacerbated by significant cuts to USAID programs, which have already begun affecting access to essential medical supplies and humanitarian services in many countries, raising serious concerns about the future trajectory of U.S.-Africa relations.

Despite the challenges, Adesina emphasized that Africa cannot afford a trade confrontation with the United States, noting that the continent accounts for only 1.2 percent (approximately $34 billion) of America’s global trade—with a trade surplus of just $7.2 billion.

Instead, he proposed a pragmatic three-point strategy for the continent: Engage the U.S. through flexible and constructive trade negotiations, diversify export markets to reduce dependency on any single partner, and accelerate the African Continental Free Trade Area implementation to unlock the potential $3.4 trillion market.

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New Telegraph
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