White House Supports One-Year Extension of Africa Trade Pact
A worker irons denim cloth at a denim factory in Maseru, Lesotho on July 24.
Photographer: Fredrik Lerneryd/BloombergThe Trump administration supports a one-year extension of the African Growth and Opportunity Act, according to a White House official, offering a boost to the decades-old trade pact set to expire at the end of the month.
Despite the support, odds for renewal, before its expiration, of the Clinton-era program — which has been strained by President Donald Trump’s imposition of unilateral tariffs ranging from 10% to 30% on African nations — remain long.