President Donald Trump, announced on April 2, 2025, imposing a 10% tariff on Ghana and other countries, with higher rates like 34% on China and 46% on Vietnam, as part of a “Liberation Day” trade strategy targeting nations with trade surpluses.
The tariffs, detailed in a White House chart, aim to address perceived trade imbalances, but spare Russia and North Korea, sparking controversy and accusations of geopolitical favoritism amid global trade tensions.
The 10% tariff imposed by the U.S. on Ghana means higher costs for Ghanaian businesses exporting goods to the American market, potentially making their products less competitive.
Additionally, this could lead to increased local prices for imported goods and disruptions in trade relations, especially for industries that depend on U.S. imports like electronics and automobiles.
