Initially announcing 30% tariffs on Algerian products entering the U.S. market, Donald Trump has now suspended this decision for 90 days. This unexpected move gives Algeria a valuable window for trade in a tense global economic environment.
This suspension is part of a broader measure affecting over 75 countries, excluding China. Tariffs are temporarily reduced to 10%, down from 20%. This decision, even if temporary, changes the rules for accessing the U.S. market, allowing some countries to reposition their trade strategies.
New opportunities for Algerian exports
Algerian exports to the U.S. are limited but diverse. While hydrocarbons dominate current trade, Algeria is gradually expanding into sectors like agriculture, fertilizers, and semi-industrial products. The tariff reduction makes these products more competitive in the U.S. market.
Algerian authorities aim to reduce reliance on fossil fuels. Easier access to the U.S. market supports these efforts. Existing economic partnerships in agriculture and industry now benefit from a more favorable environment.
Positive impact on the oil market
The U.S. announcement also influenced global markets. Brent crude oil prices surged by nearly 7%, with WTI rising similarly. For Algeria, heavily tied to energy prices, this increase provides temporary financial relief.
With the suspension lasting only 90 days, Algeria must act quickly to adjust its export offerings and seize this opportunity.
This period offers Algeria a chance to strengthen its trade position. By mobilizing resources effectively, Algeria can enhance its presence in a key strategic market.
