TARIFFS

Article By: Laone Molelo

Local economist, Kennedy Kgosibantsi, has weighed in on the US government's recent decision to suspend the 37% tariffs on Botswana. Kgosibantsi believes this move opens a window of opportunity for our government to diversify and seek multiple trading partners beyond the borders of the United States. Kgosibantsi also expressed concern over the potential impact of continued reliance on a single trading partner, warning that it could severely affect our exports.

He said this uncertainty threatens to destabilize not just exports but also job security for many citizens.

In a shocking announcement that has sent ripples of concern through Botswana's economic sectors, US President Donald Trump unveiled plans to impose an unprecedented 37% tariff on a range of goods imported from Botswana last week.