U.S IMPOSE 25% TARIFF'S ON NEARLY ALL GOODS
Tariffs :are tax imposed by one country's government on goods and service's from a foreign country. It's also a fancy word for tax on imports. Making them more expensive,to encourage local purchases.
Donald Trump sweeping 10% tariff plan on all us automobile import goods is making waves across the world . Hit me I hit you back game is a perfect strategy for a street fight . According to U.S president it's impose them and watch the country prosper.
Diversification is the name of the game , The goal is boosting U. S Manufacturing's & reduce trade deficient When a product is brought. In from another country the price goes up
Kenya is major exporter of good's i.e Tea, coffee, textiles & flowers to U. S under African Growth and Opportunity Act.
More than 6,500 can be imported Duty free
Advantage start's to shrink .Kenya goods become more expensive fo American buyer's: 1. Less demand
2. lower profits
3. Fewer jobs back home
Kenyan Government is also considering barning Mutumba. There could also be a paradigm shift in the international economy or could be a shake within economy of the world.
Kenyan exporter's will experience lower sales in textiles and flowers. In numbers it's approximately a lose of $100 millions which is s KSH:12.9 billion to Kenya Government.
President William Ruto is considering trade shift through a 1 Billion investments deals in in china Kenyans believe tariffs might be a opportunity & gateway to East Africa and Entire Africa in terms of trading.
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