Sydney Mwamba, executive director of the Policy Monitoring and Research Centre in Zambia, has warned that excessive U.S. tariffs on raw materials could derail Africa's economic progress. In a candid conversation with CMG, Mwamba explained that higher export costs to the U.S. may slow industrial growth, force business restructuring, and increase unemployment across key sectors.
Highlighting the far-reaching impact of these tariffs, Mwamba stressed that developing nations in Africa could face chronic economic stagnation if trade costs continue to rise. His insights emphasize how interconnected global economies are and call on policymakers, entrepreneurs, and young innovators to rethink present strategies amid evolving U.S. trade policies.
The warning arrives at a time when international markets are navigating a complex trade landscape. Mwamba’s perspective encourages a broader discussion on sustainable growth and the need for adaptive solutions to support economic resilience in emerging markets.
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Zambian expert: U.S. tariff hikes threaten Africa's economic growth
cgtn.com
