In a significant move to strengthen economic ties, Zimbabwe’s President Emmerson Mnangagwa announced plans to suspend tariffs on all imports from the United States.
The decision, revealed in a post on X, aims to enhance American goods entering Zimbabwe while simultaneously boosting Zimbabwean exports to the US.
Mnangagwa emphasized that the suspension reflects Zimbabwe’s commitment to fostering equitable trade and deepening bilateral relations.
“This action underscores our commitment to a framework of equitable trade and enhanced bilateral cooperation,” Mnangagwa stated.
The suspension comes at a time when global trade tensions are rising.
In contrast, US President Donald Trump recently imposed new tariffs, with rates ranging from 10% to 50% on imports from various countries, including Zimbabwe.
These tariffs place an 18% surcharge on Zimbabwean exports to the US, exacerbating trade challenges for the country.
Mnangagwa also acknowledged the role of reciprocal tariffs in protecting domestic industries but reiterated that Zimbabwe’s foreign policy remains centered on peaceful, amicable relations with all nations.
As the global trade landscape continues to shift, Zimbabwe’s move signals a strategic effort to balance economic pressures while positioning the nation for greater international cooperation.
