Trump says U.S. shifting Africa policy "from aid to trade"

Xinhua
10 Jul 2025, 04:45 GMT+10

WASHINGTON, July 9 (Xinhua) -- U.S. President Donald Trump met with leaders from five African nations on Wednesday, noting the United States is shifting its policy toward the continent "from aid to trade."

Meeting with the leaders of Gabon, Guinea-Bissau, Liberia, Mauritania and Senegal at the White House, Trump said there was "great economic potential in Africa."

He said the United States was working to "forge new economic opportunities involving both the United States and many African nations."

"We're shifting from aid to trade," Trump said. "In the long run this will be far more effective and sustainable and beneficial than anything else that we could be doing together."

Trump also suggested that the five countries may be exempt from his administration's plan to impose heightened reciprocal tariffs beginning in August.

The mini-summit is scheduled to run for three days, with the expansion of U.S. access to critical minerals and other natural resources in Africa expected to top the agenda, according to media reports.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.

More Information

null in null

Business

Section

BRICS issues rebuke on trade and Iran, avoids direct US criticism

RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...

BP appoints ex-Shell finance chief Simon Henry to board

LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...

FedEx, UPS step up as Canada Post loses market share in strikes

OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...

U.S. stocks steady Tuesday despite tariffs turmoil

NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...

Beijing blamed for covert disinformation on French fighter jet Rafale

PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...

Birkenstock steps up legal battle over fakes in India

NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...

Africa

Section