Trump Signs Law Extending Africa Trade Program Through 2025
U.S. President Donald Trump has signed a law extending a preferential trade program for Africa until the end of 2025. This extension, retroactive to September 2022, aims to enhance market access for U.S. enterprises. The U.S. Trade Representative highlighted the need for modernization in cooperation with Congress.
- Country:
- United States
In a significant move for international trade, U.S. President Donald Trump signed into law a bill extending the preferential trade program for African nations through December 31, 2025. The extension will be applied retroactively from September 30, 2022, according to key U.S. trade officials.
U.S. Trade Representative Jamieson Greer emphasized the importance of updating this law. The modification is aimed at improving market access for American businesses, farmers, and ranchers. Greer stated this adaptation is crucial for maintaining strong economic ties with Africa.
As the administration charts a new course, Greer's office plans to collaborate with Congress over the next year to modernize the law further, ensuring it continues to align with contemporary trade needs and geopolitical interests.
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