Kenya sees the recent tariffs imposed by the United States on imports from a variety of nations as a potential chance to improve its economic competitiveness in the export market.
The government of Kenya is of the opinion that the tariff differentials could be advantageous for its products in the market in the United States, particularly in industries where comparable products are subject to higher taxes.
On the other hand, this confidence is tempered by fears regarding the impending global recession, which has the potential to reduce total trade volumes and economic growth.
Kenya’s high production and business costs present hurdles that prevent the country from fully capitalizing on the chances presented by the tariff situation, despite the potential benefits that could be gained from it.
It is acknowledged by the administration that these internal factors need to be addressed in order to maximize the potential for exports from the country.
In addition, there is a general understanding that although particular industries would benefit from the tariffs, others might be negatively affected as a result of the wider economic ramifications of the tariffs and the possibility of a worldwide economic slowdown.