{"id":37841,"date":"2024-11-07T22:16:43","date_gmt":"2024-11-07T22:16:43","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa"},"modified":"2024-11-07T22:55:33","modified_gmt":"2024-11-07T22:55:33","slug":"trade-aid-security-what-does-trumps-win-mean-for-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa","title":{"rendered":"Trade, aid, security: What does Trump\u2019s win mean for Africa?"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeting their congratulations.<\/p>\n

\u201cZimbabwe stands ready to work with you\u201d, wrote Zimbabwean President Emmerson Mnangagwa, eyeing a diplomatic reset, while Nigeria\u2019s Bola Tinubu expressed hope that Trump\u2019s second term would bring \u201creciprocal economic and development partnerships between Africa and the United States\u201d.<\/p>\n

But will Trump 2.0 be good for the continent? During his first stint in the White House critics accused him of dismissing Africa, having cut some funding, curbed immigration and reportedly referred to some of its nations as \u201cshithole countries\u201d.<\/p>\n

However, he did also introduce schemes to increase investment in Africa \u2013 schemes that remain operational three years after he left office.<\/p>\n

But how might he approach Africa in this new climate?<\/p>\n

Trade and investment<\/b><\/p>\n

Joe Biden\u2019s outgoing administration \u201ctried really hard to create an impression that Africa was a valued and important partner\u201d, W Gyude Moore, a fellow at the Center for Global Development and former Liberian minister, tells the BBC.<\/p>\n

Biden struggled to match this enthusiasm with substantial deals and partnerships, Mr Moore says, but that does not mean his Africa strategy was fruitless.<\/p>\n

For instance, the US was praised for investing in the Lobito Corridor \u2013 a rail line stretching through Angola, the Democratic Republic of Congo and Zambia that will be used to transport critical raw materials.<\/p>\n

In 2023, the US said it had invested more than $22bn since Biden came to power.<\/p>\n

But there are concerns Trump might roll back on this investment and trade. The soon-to-be president has more of a protectionist, insular outlook than Biden \u2013 one of the slogans for his first term was \u201cAmerica First\u201d.<\/p>\n

The African Growth and Opportunity Act (Agoa), which has enabled eligible African countries to export some of their produce to the US without paying taxes since 2000, is a key source of concern.<\/p>\n

During his previous administration, Trump said the scheme would not be renewed when it expires in 2025.<\/p>\n

And during his 2024 campaign he pledged to implement a universal 10% income tariff on all foreign-made goods. This would make imported goods more expensive, and so African exporters would be likely to sell less of their produce in the large US market.<\/p>\n

Numerous commentators in South Africa \u2013 one of the largest exporters under the Agoa agreement \u2013 have predicted that cutting Agoa could have a significant impact on the economy.<\/p>\n

However, US think-tank the Brookings Institution predicts that South Africa\u2019s GDP would shrink by \u201cjust 0.06%\u201d. This is partly because many of the goods South Africa exports to the US \u2013 such as minerals and metal \u2013 do not actually benefit from Agoa, it said.<\/p>\n

Although Trump was not keen on Agoa, he recognised that if the US was going to counter China\u2019s growing economic influence in Africa, it needed to maintain some level of partnership.<\/p>\n

In 2018 the Trump administration unveiled Prosper Africa \u2013 an initiative that assists US companies wanting to invest in Africa \u2013 and the Development Finance Corporation (DFC), which funds development projects in Africa and around the world. Biden kept both running after he took over and the DFC says it has so far invested more than $10bn (\u00a38bn) in Africa.<\/p>\n

Given that China is still a major force in Africa and that Trump introduced these policies himself, he is likely to think twice before slashing them.<\/p>\n

Source: clubofmozambique<\/b><\/p>\n

For More News And Analysis About Eritrea Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeting their congratulations. \u201cZimbabwe stands ready to work with you\u201d, wrote Zimbabwean President Emmerson Mnangagwa, eyeing a diplomatic reset, while Nigeria\u2019s Bola Tinubu expressed hope that Trump\u2019s second term would bring […]<\/p>\n","protected":false},"author":84,"featured_media":37840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233],"class_list":["post-37841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-eritrea"],"yoast_head":"\nTrade, aid, security: What does Trump\u2019s win mean for Africa? - Eritrea<\/title>\n<meta name=\"description\" content=\"As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade, aid, security: What does Trump\u2019s win mean for Africa?\" \/>\n<meta property=\"og:description\" content=\"As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-07T22:16:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T22:55:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Trade, aid, security: What does Trump\u2019s win mean for Africa?\",\"datePublished\":\"2024-11-07T22:16:43+00:00\",\"dateModified\":\"2024-11-07T22:55:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\"},\"wordCount\":584,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg\",\"keywords\":[\"Eritrea\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\",\"name\":\"Trade, aid, security: What does Trump\u2019s win mean for Africa? - Eritrea\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg\",\"datePublished\":\"2024-11-07T22:16:43+00:00\",\"dateModified\":\"2024-11-07T22:55:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg\",\"width\":827,\"height\":465,\"caption\":\"Trade, aid, security: What does Trump\u2019s win mean for Africa?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/eritrea\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trade, aid, security: What does Trump\u2019s win mean for Africa?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#website\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/\",\"name\":\"Eritrea\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/eritrea\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trade, aid, security: What does Trump\u2019s win mean for Africa? - Eritrea","description":"As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa","og_locale":"en_US","og_type":"article","og_title":"Trade, aid, security: What does Trump\u2019s win mean for Africa?","og_description":"As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began ...","og_url":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa","og_site_name":"Eritrea","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-11-07T22:16:43+00:00","article_modified_time":"2024-11-07T22:55:33+00:00","og_image":[{"width":827,"height":465,"url":"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Trade, aid, security: What does Trump\u2019s win mean for Africa?","datePublished":"2024-11-07T22:16:43+00:00","dateModified":"2024-11-07T22:55:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa"},"wordCount":584,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg","keywords":["Eritrea"],"articleSection":["all news","files"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa","url":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa","name":"Trade, aid, security: What does Trump\u2019s win mean for Africa? - Eritrea","isPartOf":{"@id":"https:\/\/www.africa-press.net\/eritrea\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg","datePublished":"2024-11-07T22:16:43+00:00","dateModified":"2024-11-07T22:55:33+00:00","author":{"@id":"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#primaryimage","url":"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg","contentUrl":"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/11\/sm_1731007275.527015.jpg","width":827,"height":465,"caption":"Trade, aid, security: What does Trump\u2019s win mean for Africa?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/eritrea\/all-news\/trade-aid-security-what-does-trumps-win-mean-for-africa#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/eritrea\/"},{"@type":"ListItem","position":2,"name":"Trade, aid, security: What does Trump\u2019s win mean for Africa?"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/eritrea\/#website","url":"https:\/\/www.africa-press.net\/eritrea\/","name":"Eritrea","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/eritrea\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/posts\/37841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/comments?post=37841"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/posts\/37841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/media\/37840"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/media?parent=37841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/categories?post=37841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/eritrea\/wp-json\/wp\/v2\/tags?post=37841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}