
Trump Tariff War







Elon Musk's wealth has surged by KSh 1.4 trillion following a review of tariffs between the US and China. This surge is attributed to the positive market reaction.

The Africa Growth and Opportunity Act, a trade deal that has significantly benefited Kenya's export sector, is set to expire in Sep. This could lead to job losses.

US president Donald Trump has proposed a new plan to eliminate income tax for Americans. He said the US govt would rely on revenue generated from tariffs.

The IMF has revised Kenya's 2025 economic growth forecast downward to 4.8%, citing the global economic turbulence triggered by US President Donald Trump's tariffs.

The US has announced immediate tariff exemptions on select Chinese tech exports, including smartphones and semiconductor chips, in a strategic shift.

Kenya’s foreign exchange reserves have declined by KSh 30 billion, adding slight pressure on the shilling amid ongoing global economic uncertainties.

The Trump administration has raised concerns over Kenya's policies, specifically criticising the Significant Economic Presence (SEP) tax and other levies.

On Thursday, April 10, the Nairobi Securities Exchange and the Kenyan shilling rebounded following US president Donald Trump's announcement suspending tariffs.

US president Donald Trump has announced the suspension of export tariffs on Kenya and several other countries, signalling a shift in trade policy after an uproar.
Trump Tariff War
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