Global volatility and uncertainty have heightened, and oil producers will likely be worse off. International capital and commodity markets were shaken when US President Donald Trump announced extremely severe reciprocal tariffs on April 2. Algerian companies were poised to pay a 30% tariff on goods sent to the US. However, a week later, on April 9, Mr Trump paused tariffs above 10% on all countries except China. Thus, Algeria is now exposed to the blanket 10% tariffs on exports to the US. On the upside, energy products are exempt from tariffs, so it is safe to assume that over 90% of goods sent from Algeria to the US will be exempt.
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