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06.02.26 - 11:42
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Trump Extends African Free-Trade Agreement Easing Tariff Fears Amid Tensions (ZeroHedge)
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Trump Extends African Free-Trade Agreement Easing Tariff Fears Amid Tensions
Authored by Rachel Roberts via The Epoch Times,
U.S. President Donald Trump signed a law this week extending a free-trade agreement for some African nations until the end of the year, Washington's chief trade negotiator said.
U.S. Trade Representative Jamieson Greer said his department would work alongside Congress this year to update the program to align with Trump's America First policy by expanding market access for U.S. businesses, farmers, and ranchers.
The African Growth and Opportunity Act (AGOA), established under President Bill Clinton in 2000 to provide duty-free access to the U.S. market for eligible sub-Saharan African countries for thousands of products, expired in September, jeopardizing hundreds of thousands of African jobs.
The U.S. House of Representatives passed legislation in January to extend the law for three years, but the Senate later limited the extension to one year, which the House concurre...
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