The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has stated that African nations can soften the economic impact of United States President, Donald Trump’s new tariffs by strengthening trade among themselves.
In an interview with Bloomberg TV, Awori explained that the tariffs are likely to replace the African Growth and Opportunity Act, a program that has supported export-led industries like textiles and apparel in around 30 African countries.
He emphasized that increasing intra-African trade could help reduce dependence on external markets and support sustainable economic growth.