Zim pleads with US to drop tariffs to 10%

FINANCE, Economic Development and Investment Promotion minister Mthuli Ncube is in talks with the United States government to reduce its its tariffs on Zimbabwean exports to 10% from 18%, it has been revealed.

United States President Donald Trump implemented a global reciprocal tariffs regime against all countries, which has since caused global market turmoil and a trade war with China, the world’s second-largest economy.

Part of this global regime included slapping Zimbabwe with an 18% tariff on goods imported from the southern African nation, alleging that the latter had levied a 35% tariff on goods imported from the United States.

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