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Kenyan workers prepare clothes for export at the New Wide Garment Export Processing Zone (EPZ) factory operating under the U.S. African Growth and Opportunity Act (AGOA), in Kitengela, Kajiado County, Kenya, on September 19, 2025.

REUTERS/Monicah Mwangi

Is the US set to terminate a 33-country trade deal?

The African Growth and Opportunity Act, a trade pact that allows many products from 32 sub-Saharan African states to have free access to US markets, is set to expire in less than a week.

The White House still hasn’t said whether it will renew it.

First signed in 2000 by then-US President Bill Clinton, who saw it as a way to spread democratic ideals in parts of Africa, the deal hasn’t always lived up to expectations. Trade between the countries involved did initially rise, but has since dropped. For most of the countries involved, exports under AGOA account for less than 1% of GDP.

“AGOA’s highly imperfect. It’s a trade regime, and some countries have clearly done better than others,” Brookings Institution senior fellow Witney Schneidman, who was involved in passing and implementing AGOA, told GZERO. “But it needs to be strengthened, not killed.”

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A demonstrator burns mock dollar bills with the face of US President Donald Trump during a protest against the US tariffs imposed on Brazilian products, in front of the United States Embassy in Brasilia, Brazil, on August 1, 2025.

REUTERS/Mateus Bonomi

What We’re Watching: Another US tariff announcement, El Salvador leader can now rule indefinitely, Indonesian president pardons opponents

US hits the world with fresh wave of tariffs

US President Donald Trump slapped new tariffs on 92 countries, including key allies. Canada, the US’s number two trade partner, was hit with a 35% rate. Taiwan, a critical semiconductor supplier, also faces fresh levies that could ripple through global tech supply chains, and India now faces a 25% rate. For some countries, Trump’s latest threats are actually a reprieve, as he lowered previously threatened rates: tiny Lesotho, which Trump once said “nobody has ever heard of,” will now face a 15% duty, down from 50%. The new levies take effect on Aug. 9, but Mexico, the US’s largest trade partner, won a 90-day extension. Trump reached a deal with the EU earlier this week, and is still negotiating with China.

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French Prime Minister Francois Bayrou speaks during a news conference to present a major public finance recovery plan in Paris, France, July 15, 2025.

REUTERS

Hard Numbers: French prime minister on the ropes, Hong Kong dissidents appeal convictions, Lesotho MP accuses his king, & More

€40 billion: French Prime Minister François Bayrou is set to present a 2026 budget Tuesday that aims to cut the size of the country’s 2026 annual deficit by €40 billion ($46.7 billion). However, all opposition parties are expected to reject the proposal – and that could spell the end for Bayrou’s minority government.

12: Hong Kong’s pro-democracy dissidents aren’t going to go gentle into that good night. Twelve of them have appealed their recent subversion convictions in a move that shines a fresh light on Beijing’s anti-democracy crackdown in the city. The case, which challenges China’s draconian 2021 national security law, is drawing international attention: foreign diplomats from over six countries were present at the trial. The appeals are expected to take 10 days.

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