Trade

Current U.S. trade policies—though primarily focused on major global players including China, the European Union, and North American partners Canada and Mexico—also have economic consequences for smaller countries and regions around the world. In sub-Saharan Africa (SSA), these impacts will be felt both directly, through newly imposed tariffs, and indirectly, as collateral damage in a potential trade war between the world’s largest economies.

The FAO Food Price Index rose 1 percent in April, driven by increasing cereal, dairy, and meat price. While the Index was 7.6 percent higher than its April 2024 level, it remains nearly 20 percent lower than the record reached in March 2022.

Second in a blog series examining the potential consequences of the recently-proposed U.S. tariffs for global agrifood trade. Read the first post here.

The FAO Food Price Index remained stable in March, with falling cereal and sugar prices balancing rising meat and vegetable oil prices. The Index was almost 7 percent higher than its March 2024 level but still remains significantly below March 2022 levels.

First in a blog series examining the potential consequences of the newly proposed U.S. tariffs for global agrifood trade.