Madagascar Courts UAE Investment to Offset US Tariff Threat

Madagascar is seeking to boost investments from the United Arab Emirates to spur growth in its tourism and energy sectors, a partnership that’s become more urgent as its faces steep tariffs from the US.

President Donald Trump in April threatened a 47% reciprocal tariff — one of the world’s highest — on the Indian Ocean island nation, before replacing it with a 10% universal levy. He’s given most countries until July 8 to strike a deal or risk reinstatement of the tariffs.