Xinhua
04 Apr 2025, 15:45 GMT+10
A Kenyan government official said Thursday that a new tariff imposed on the country's exports to the United States will hurt local businesses.
NAIROBI, April 4 (Xinhua) -- A Kenyan government official said Thursday that a new tariff imposed on the country's exports to the United States will hurt local businesses.
Lee Kinyanjui, cabinet secretary in the Ministry of Investments, Trade and Industry, said in a statement issued in Nairobi, the Kenyan capital, that the 10 percent reciprocal tariff imposed by the U.S. government on Kenyan imports will raise costs for local businesses.
"Supply chain adjustments will now be necessary, such as expanding production to meet new demand. This will require investment in infrastructure, technology, and skills development," he said.
Kinyanjui noted that Kenya will seek to explore opportunities that come with the imposition of the tariff.
He said the country would strive to diversify its exports by producing goods that are more expensive from countries with higher tariffs, including apparel and leather, to sell in the U.S. market.
Kenya sold goods worth 72.96 billion Kenyan shillings (about 563 million U.S. dollars) to the United States in 2024, an increase of 23 percent from the previous year, according to the Kenya National Bureau of Statistics.
Get a daily dose of Madagascar Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Madagascar Sun.
More InformationDubai [UAE], April 4 (ANI): Ahead of the highly anticipated Bare Knuckle Fighting Championship event on April 4, the World League of...
New Delhi [India], April 4 (ANI): Former CEO of NITI Aayog and G20 Sherpa Amitabh Kant participated in the G20 Sherpa meeting, emphasizing...
ABU DHABI, 4th April, 2025 (WAM) -- On 7th January 2025, the US designated seven entities based in the United Arab Emirates under its...
Wang Yong (L), Charge d'Affaires a.i. of the Chinese embassy in Tanzania, and David Kihenzile (R), Tanzanian Deputy Minister for Transport,...
New Delhi [India], April 4 (ANI): External Affairs Minister S Jaishankar on Friday extended warm greetings to Senegal's Foreign Minister...
This photo taken on July 17, 2023 shows the city view of Cape Town, South Africa. (Photo by Xabiso Mkhabela/Xinhua) Economic and trade...
BISHOP, California: A fast-growing wildfire in California's Eastern Sierra region has burned 1,000 acres and forced people to leave...
WASHINGTON, D.C.: A U.S. passenger plane getting ready to take off and a military jet coming in were told to change course to avoid...
WASHINGTON, D.C.: Radio Free Asia, a key voice in press freedom across the continent for nearly three decades, is now warning it may...
BROOKLYN PARK, Minnesota: At least one person died when a small plane crashed into a house in a Minneapolis suburb on Saturday, a city...
WASHINGTON, D.C.: This week, President Donald Trump ordered the removal of what he called improper, divisive, or anti-American ideology...
WASHINGTON, D.C.: The University of Michigan, known for its diversity, equity, and inclusion (DEI) programs, announced this week that...