Kenya's trade with the US was dealt a blow on Wednesday after President Donald Trump signed a new executive order imposing reciprocal tariffs on trade with Kenya.
Under the new tariffs signed by Trump, Kenya's Ksh109.7 billion (784 million USD) trade with the US is set to suffer a blow after a 10 per cent baseline tariff on all of Kenya's exports. The tariff will affect Kenyan exports, particularly in key sectors such as textiles, tea, and coffee, which have been exempt from tariffs under the African Growth and Opportunity Act (AGOA).
This, in turn, could lead to reduced exports, job losses, and lower revenues for businesses relying on the American market.
A photo collage of President William Ruto (left) and US President Donald Trump PCS Announcing the signing of the new tariffs, Trump maintained that the purpose of imposing the tariffs was mainly to protect America's interests in trade with the countries affected.
