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Donald Trump’s re-election poses potential challenges for African economies and the entrepreneurial landscape. His campa...
09/11/2024

Donald Trump’s re-election poses potential challenges for African economies and the entrepreneurial landscape. His campaign rhetoric included plans for steep tariffs on major trading partners like China and Europe.

Why should this matter to Africa? China is Africa’s biggest trading ally, accounting for over $200 billion in trade in recent years. If high tariffs cripple China’s competitive edge, the ripple effect could hit African markets hard. Rising costs of goods and services could push already stretched purchasing power to its breaking point.

Inflation triggered by disrupted trade would place enormous pressure on African governments, complicating budget plans and derailing essential development projects. For example, nations such as Nigeria and Kenya, which rely heavily on affordable imports, could see their growth projections stall as the cost of infrastructure projects soars.

The risk is clear: when costs spike, public funds and private investments suffer, stifling economic progress.Even if some aspects of Trump’s foreign policy promise reduced U.S. interference in African affairs, the economic stakes are high.

Entrepreneurs across the continent must brace for possible turbulence, building resilient strategies to safeguard their ventures. Preparedness isn’t just smart; in the face of global economic shifts, it’s essential for survival.

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