Zambian policy expert Sydney Mwamba has raised alarms over new U.S. tariff measures, calling them a potential threat to Africa’s economic growth. In an interview with CMG, Mwamba highlighted how increased export costs could derail industrial development and job creation across the continent.
⚠️ Why It Matters: Africa relies heavily on exporting raw materials to the U.S., and higher tariffs could force businesses to cut production, lay off workers, or even shut down. Mwamba warned this could create a 'ripple effect,' slowing progress in sectors like mining, agriculture, and manufacturing.
💡The Bigger Picture: 'Developing nations already face steep challenges,' Mwamba said. 'Adding tariff pressure undermines efforts to reduce poverty and achieve sustainable growth.' He urged global policymakers to consider equitable trade policies that protect vulnerable economies.
🌱Youth Impact: With Africa’s median age under 20, Mwamba stressed that economic stagnation could deepen youth unemployment—a problem already likened to a 'ticking time bomb' by analysts.
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Zambian expert: U.S. tariff hikes threaten Africa's economic growth
cgtn.com