Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Here are the 3 big things we’re watching in the stock market in the week ahead

November 9, 2025

PLA team simulates ‘dirty bomb’ fallout in rare field test as nuclear tension heats up

November 9, 2025

China counts down to Long March-10 test flights in race back to the moon

November 9, 2025
Facebook X (Twitter) Instagram
Sunday, November 9
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Sanctioned Zim president to suspend US tariffs in bid to reset ties
Middle East & Africa

Sanctioned Zim president to suspend US tariffs in bid to reset ties

adminBy adminApril 7, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 100


The US placed Emmerson Mnangagwa  on the so-called Magnitsky sanctions list last year for alleged "gross abuses" after his disputed election victory in 2023. (Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)


The US placed Emmerson Mnangagwa on the so-called Magnitsky sanctions list last year for alleged “gross abuses” after his disputed election victory in 2023. (Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)

Zimbabwean President Emmerson Mnangagwa said he’ll suspend tariffs on imports of US goods, seeking to turn Donald Trump’s levies on much of the world into an opportunity to reset strained relations.

“In the spirit of constructing a mutually beneficial and positive relationship with the United States of America, under the leadership of President Trump, I will direct the Zimbabwean government to implement a suspension of all tariffs levied on goods originating from the United States,” Mnangagwa said Saturday on his official X account.

The measure will “facilitate the expansion of American imports within the Zimbabwean market, while simultaneously promoting the growth of Zimbabwean exports destined” for the US, Mnangagwa said.

Trump imposed an 18% tariff on Zimbabwe as part of his wide-ranging announcement on Wednesday. Tobacco is the southern African nation’s biggest export to the US.

The US is Zimbabwe’s 11th-largest trading partner, according to data compiled by Bloomberg. Bilateral trade totalled $157 million in 2023.

Ties between Harare and Washington have largely been marked by hostility for more than two decades. The US placed Mnangagwa on the so-called Magnitsky sanctions list last year for alleged “gross abuses” after his disputed election victory in 2023.

The US says its sanctions programme in Zimbabwe targets about a dozen individuals and three entities, with American businesses free to review their interests with the country.

In a pivot away from western partners, mineral-rich Zimbabwe has strengthened trade ties with China, Russia and recently the United Arab Emirates. The UAE is Zimbabwe’s largest export partner and has helped provide a lifeline for its economy.

Newsletter

Daily

SA Money Daily

The biggest business, economic and market news of the day.

Sign up



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Middle East & Africa

Rescue bid launched for hundreds trapped in South African gold mine | Mining News

May 23, 2025
Middle East & Africa

DRC’s conflict demands a new peace model rooted in inclusion and reform | Conflict

May 23, 2025
Middle East & Africa

DR Congo strips ex-President Kabila of immunity | Armed Groups News

May 23, 2025
Middle East & Africa

Will the United States deport people to Rwanda? | Refugees News

May 23, 2025
Middle East & Africa

‘Tortured’ Ugandan activist dumped at border following arrest in Tanzania | Politics News

May 23, 2025
Middle East & Africa

Trump’s Ramaphosa ‘ambush’: Key takeaways from heated White House meeting | Donald Trump News

May 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Visa and Mastercard near settlement with merchants, would lower fees, WSJ reports – Markets

November 9, 2025

China’s factory-gate deflation eases in October, consumer prices rise – Markets

November 9, 2025

PIA alleges bid to sabotage its privatisation process – Business & Finance

November 8, 2025

Govt moves to ease Port Qasim congestion with new unloading, berthing measures – Business & Finance

November 8, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Here are the 3 big things we’re watching in the stock market in the week ahead
  • PLA team simulates ‘dirty bomb’ fallout in rare field test as nuclear tension heats up
  • China counts down to Long March-10 test flights in race back to the moon
  • China’s Fujian carrier on track for rapid combat readiness. Will there be more?
  • Where to now for Germany’s ties with China? Start with long-term vision, academic says

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Here are the 3 big things we’re watching in the stock market in the week ahead

November 9, 2025

PLA team simulates ‘dirty bomb’ fallout in rare field test as nuclear tension heats up

November 9, 2025

China counts down to Long March-10 test flights in race back to the moon

November 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.