Business News of Friday, 11 April 2025
Source: www.ghanawebbers.com
Ivory Coast Threatens Higher Cocoa Prices Due to US Tariffs
Ivory Coast may raise cocoa prices. This is in response to new US tariffs. The country is a major cocoa producer.
The government expressed concern over the tariffs. They believe it could hurt their economy. Cocoa is a vital export for Ivory Coast.
Officials stated that higher costs are likely. They want to protect local farmers' incomes. The tariffs could lead to increased prices for consumers.
The situation remains tense as discussions continue. Ivory Coast aims to find a solution soon. The impact on global cocoa markets is uncertain.