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Namibia: Trump’s tariff threat: Namibia’s diamonds face deep cut – News

Namibia: Trump’s tariff threat: Namibia’s diamonds face deep cut – News

Africa Links 24 with Donald Matthys
Published on 2025-04-20 06:00:00

Namibia’s diamond industry may be pushed into deeper crisis if United States (US) president Donald Trump pushes ahead with implementing an export tariff of 21% on Namibia.

Bank of Namibia (BoN) governor Johannes !Gawaxab says the country’s diamond sector is already struggling with declining global demand and mounting competition from lab-grown alternatives.

The Trump administration has temporarily placed a 90-day pause on so-called ‘reciprocal’ tariffs on Namibia and several…

Read the Full article on The Namibian

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