7 hours agoCNN: Trump tariff some of the poorest and vulnerable countries in the world
Periskopi(a year ago)
(a year ago)Some of the US President Donald Trump's most punitive tariffs will hit the poorest and vulnerable countries in the world, including those in the midst of deadly civil wars and trying to get out of the overwhelming economic crisis, CNN reports. The five separate countries from the US for tariffs on [...]
Five countries separate from US for fees above minimum 10% ʹ Democratic Republic of Congo (11%), Madagascar (47%), Mozambique (16%), Malaui (18%) and Syria (41%) are among the world's 26 poorest economies.
Together, these economies represent only 0.5% of global production and income, but are home to nearly 40% of the world's poor population, according to the World Bank.
In Madagascar, an island of some 25 million people on the coast of South Africa, more than 80% of the population lives in extreme poverty, surviving on less than $2.15 a day.
His exports to the U.S., which is his second largest export market, amounted to nearly 800m dollars in 2024, made mainly from vanilla, clothing, titanium, and kobalt.
Venezuela (15%), which has also experienced an economic collapse and a humanitarian crisis, relies on the US as its biggest trade partner. The U.S. imported $6 billion of goods from this South American country in 2024.
Among other countries with higher tariffs is Myanmar (44%), a Southeast Asian state that was recently hit by a massive earthquake that killed more than 3,000 people.
This country is also in a four-year civil war, triggered by a military coup, where junta forces are at war with rebel groups throughout the territory. /Periscope/
