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    <title>Global South World - Consumer Goods</title>
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    <description><![CDATA[News, opinion and analysis focused on the Global South and rising nations across the world. Delivered by journalists on the ground in Africa, Asia, Europe and the Americas. From politics and business to technology, science and social issues, Global South World is the first place to come for accurate and trusted information.]]></description>
    <item>
      <title>Zimbabwe leads the world in tariff abolishment after Trump's announcement</title>
      <link>https://www.globalsouthworld.com/article/zimbabwe-leads-the-world-in-tariff-abolishment-after-trump-s-announcement</link>
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      <pubDate>Wed, 09 Apr 2025 15:49:15 Z</pubDate>
      <description><![CDATA[<p>The decision comes just days after US President Donald Trump introduced higher tariffs on exports from almost every country.</p>
<p>Under Trump’s new rules, countries like Lesotho and Zimbabwe were hit with heavy duties.</p>
<p>Lesotho saw a 50% tariff, while Zimbabwe was given 18%. Many countries, including Canada, China and the  European Union , responded by raising their own tariffs on American goods.</p>
<p>Following this, Zimbabwe’s president, Emmerson Mnangagwa announced that all tariffs on US imports would be dropped.</p>
<p>In a  post on social media platform X , he said, “In the spirit of constructing a mutually beneficial and positive relationship with the United States of America, under the leadership of President Trump, I will direct the Zimbabwean government to implement a suspension of all tariffs levied on goods originating from the United States.”</p>
<p>This means US goods will now enter Zimbabwe without paying any extra tax at the border. However, this surprise move has raised serious questions.</p>
<p>Zimbabwe is part of the World Trade Organization (WTO), which says countries must treat all trading partners fairly.</p>
<p>That means Zimbabwe cannot give special treatment to the US unless it offers the same to every other WTO member. This rule is meant to stop countries from favouring certain partners.</p>
<p>The move could upset Zimbabwe’s trade with countries like China and  South Africa , who might now demand similar treatment. It could also put Zimbabwe at odds with African trade groups such as the African Continental Free Trade Area.</p>
<p>Some experts worry that Zimbabwe’s factories and local businesses could suffer. US products might be cheaper and outcompete Zimbabwean goods, hurting the country’s  economy  and costing local jobs.</p>
<p>The government could also lose a lot of money. Tariffs bring in cash for the state, and dropping them could create a budget gap.</p>
<p>Zimbabwe might need to raise other taxes to make up for the lost income.</p>
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      <source url="https://www.globalsouthworld.com">Global South World</source>
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        <media:credit role="photographer">Philimon Bulawayo</media:credit>
        <media:credit role="provider">REUTERS</media:credit>
        <media:title>Zimbabwe's President Emmerson Mnangagwa declares El Nino-induced drought a national disaster, at the State House in Harare</media:title>
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      <dc:creator><![CDATA[Wonder Hagan]]></dc:creator>
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