⚠️ African economies face fresh challenges as US tariffs threaten to slow down growth and slash jobs across the continent, warns Sydney Mwamba, executive director of Zambia’s Policy Monitoring and Research Centre. In a recent interview with China Media Group, Mwamba painted a stark picture: these trade measures could hamper industrial expansion from Cape Town to Cairo.
“US tariffs will impact industrial and economic growth and lead to job losses in African countries,” he said, pointing out the ripple effect on factories, farms and small businesses that depend on the US market. 📉
Here’s what’s at stake:
- Factory output may dip: Exports like textiles, electronics and agriproducts could become less competitive if duties rise.
- Jobs on the line: A slowdown in production often means layoffs, hitting young job-seekers the hardest.
- Growth rates may decline: Sluggish sectors can drag down overall GDP and affect public services.
How to adapt? Mwamba suggests African leaders explore new markets, strengthen regional trade and leverage digital platforms to boost exports. 🌐📱
In a shifting global economy, resilience and innovation are key. For a digitally savvy generation eager to make its mark, these developments are more than headlines—they’re the roadmap for tomorrow’s opportunities.
Reference(s):
cgtn.com
