Trump's administration announced that they would begin talking about a free trade deal with the purpose of countering China's influence in Africa. The deal would be the second pact with an African country since 2004 behind Morocco. The agreement won't have an major impact on the US economy overall since Kenya's is the US' 98th largest trading partner in goods. Kenya's major American imports include aircraft, machinery, and agricultural goods. The US buys apparel, tree nuts, and coffee. Trump and his administration believes that this would be a blueprint for other trade deals in Africa and a way to counter China's influence on the continent. Do you agree with this deal?
https://www.nytimes.com/2020/02/06/business/economy/trump-kenya-trade-talks.html
2 comments:
It's going to become very important for well developed countries to start getting their hands of Africa as it is supposed to become the next rising power. Only through support of already developed nations will this ever become a possibility, but with a large part of Africa being under developed compared to the rest of the world, it's important for them to progress so that the global economy can move forward.
This is a good move for all parties involved in these deals. The increase in trade for these countries that have been economically behind will prove to benefit them and their development. As they continue to become more modernized, the US and other countries would be smart to continue investing into their economies.
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