In Africa, tariffs are a double-edged sword. While they generate much-needed government revenue, they also raise costs for businesses importing essential goods. The AfCFTA agreement seeks to reduce tariffs among African countries, encouraging intra-African trade. If successfully implemented, this could make Africa one of the largest single markets in the world, boosting trade efficiency and […]

Tariffs have long been used as a weapon in trade wars between economic giants. When one country raises tariffs, the affected nation often retaliates, leading to disrupted supply chains and increased production costs. This has been evident in the U.S.–China trade conflict, where tariffs reshaped global manufacturing. However, tariffs can also protect domestic industries from […]

Tariffs are taxes imposed on imported goods, designed to protect local industries or generate revenue. While they are an important economic tool, tariffs can increase consumer prices and spark trade disputes. Governments often adjust tariffs depending on the state of their economies. For businesses, understanding tariffs is critical. Importers and exporters must calculate tariffs into […]