financetom
Business
financetom
/
Business
/
African manufacturers in last-ditch bid to extend US trade programme
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
African manufacturers in last-ditch bid to extend US trade programme
Sep 17, 2025 4:09 AM

NAIROBI, Sept 17 (Reuters) - African manufacturers are

lobbying U.S. Congress to grant a last-ditch extension of one or

two years to a duty-free trade programme due to expire at the

end of September, a Kenyan factory owner involved in the

campaign told Reuters.

U.S. President Donald Trump's aggressive tariff policies

have cast doubt on the prospects for renewal of the African

Growth and Opportunities Act (AGOA) trade initiative, which was

passed in 2000 under former President Bill Clinton to provide

duty-free access to the U.S. market for thousands of products.

Delegations from Kenya and four other AGOA beneficiaries

visited Washington last week to push for the temporary

extension, said Pankaj Bedi, chairman of apparel company United

Aryan, which supplies U.S. retailers such as Target ( TGT ) and

Walmart ( WMT ).

The act is designed to support economic development of

African nations and supports hundreds of thousands of jobs in

the textiles, automotive and mining sectors while U.S. lawmakers

have viewed it as a tool to counter Chinese influence on the

continent.

Despite bipartisan support, an attempt last year to renew

AGOA for 16 years did not make it to a vote in Congress. Since

then, President Trump's trade policies have suggested there may

not be the political will in Washington to push through an

extension.

Bedi, who is also a Kenya Association of Manufacturers board

member, said the delegation of private investors and government

officials had more than 30 engagements last week, including with

members of Congress and their aides.

He said there was universal support from the Congressional

Republicans and Democrats they met, including staffers for House

Speaker Mike Johnson, to renew AGOA.

But he said it remained unclear whether Congress could find

a piece of legislation in the next two weeks to which a renewal

could be attached.

Without an extension, manufacturers would face steep rises

in tariffs on their products, including a jump from 10% to 43%

for synthetic textiles.

"It's like a house of cards that will collapse," Bedi said,

predicting mass layoffs across the textiles sector if AGOA is

not renewed.

The White House and the offices of the United States Trade

Representative and Speaker Johnson did not respond immediately

to requests for comment. The White House has not said publicly

whether it supports an extension.

Bedi said that if AGOA ends, the U.S. would become even more

heavily dependent on Asian manufacturers.

"If this is taken away, by default, the business is going to

go back to China," he said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Europe regulator orders visual checks on some Rolls-Royce A350-1000 engines
Europe regulator orders visual checks on some Rolls-Royce A350-1000 engines
Sep 6, 2024
Sept 5 (Reuters) - Europe's aviation regulator ordered a one-off visual inspection of fuel hoses on some Rolls-Royce XWB-97 engines powering Airbus A350-1000 jetliners following an engine fire on a Cathay Pacific airplane earlier this week. In an emergency airworthiness directive on Thursday, the European Union Aviation Safety Agency (EASA) said the checks should be carried out within various deadlines...
Samsara Fiscal Q2 Non-GAAP Earnings, Revenue Increase; Sets Guidance; Shares Jump After Hours
Samsara Fiscal Q2 Non-GAAP Earnings, Revenue Increase; Sets Guidance; Shares Jump After Hours
Sep 6, 2024
05:03 PM EDT, 09/05/2024 (MT Newswires) -- Samsara (IOT) reported fiscal Q2 non-GAAP earnings late Thursday of $0.05 per diluted share, up from $0.01 a year earlier. Analysts polled by Capital IQ expected $0.01. Revenue for the quarter that ended Aug. 3 was $300.2 million, up from $219.3 million a year earlier. Analysts surveyed by Capital IQ expected $289.5 million....
--VICI Properties Ups Quarterly Dividend by 4.2% to $0.4325 a Share, Payable Oct. 3 to Holders of Record Sept. 18
--VICI Properties Ups Quarterly Dividend by 4.2% to $0.4325 a Share, Payable Oct. 3 to Holders of Record Sept. 18
Sep 6, 2024
05:02 PM EDT, 09/05/2024 (MT Newswires) -- Price: 33.78, Change: +0.19, Percent Change: +0.57 ...
UiPath Fiscal Q2 Non-GAAP Earnings Drop, Revenue Rises; Ups Revenue Outlook
UiPath Fiscal Q2 Non-GAAP Earnings Drop, Revenue Rises; Ups Revenue Outlook
Sep 6, 2024
05:08 PM EDT, 09/05/2024 (MT Newswires) -- UiPath ( PATH ) reported fiscal Q2 non-GAAP net income late Thursday of $0.04 per diluted share, down from $0.09 per share a year earlier. Analysts polled by Capital IQ expected $0.03. Revenue for the quarter ended July 31 was $316.3 million, up from $287.3 million a year earlier. Analysts polled by Capital...
Copyright 2023-2026 - www.financetom.com All Rights Reserved