“U.S. President Donald Trump has extended a 26-year-old free-trade agreement with African countries that was left in doubt last year when his administration allowed it to expire while enforcing his policy of reciprocal tariffs.
Trump on Tuesday signed into law an extension of the African Growth and Opportunity Act, or AGOA, according to the Office of the United States Trade Representative.
But the extension is short-term, lasting only until Dec. 31. The trade office said the agreement, which gives eligible sub-Saharan African nations duty-free access to the U.S. market for some products, would be modified to account for tariffs the U.S. has imposed on other countries as part of the Republican president’s America First policy.
The agreement is key to many African countries that feared it would be another economic blow following the new tariffs and cuts to U.S. aid under Trump.”
From Associated Press.