Zimbabwe’s Finance Minister Mthuli Ncube met with US officials during IMF and World Bank spring meetings to request reduced tariffs imposed by President Trump. Zimbabwe is pushing for a 10% tariff instead of the proposed 18%, arguing its trade deficit with the US justifies more lenient terms. The discussions also covered Zimbabwe’s broader economic policies. While the new tariffs have rattled global markets, Finance Minister Ncube noted a silver lining: rising gold prices—up over 25% this year—are benefiting Zimbabwe, a major gold producer. In a goodwill gesture, Zimbabwe suspended tariffs on US goods to help reset strained diplomatic relations.
Tuesday, June 17, 2025 - 05:53:33
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