Overview
- The three-day summit began July 9 with a White House luncheon where officials outlined the pivot from USAID-driven assistance to market-based partnerships.
- The administration signaled possible tariff exemptions for the five invited nations as part of its push to reduce U.S. trade deficits with Africa.
- The U.S. International Development Finance Corporation committed funding for a Gabonese potash mine, the first major investment under the new commerce-first strategy.
- Leaders from Gabon, Guinea-Bissau, Liberia, Mauritania and Senegal detailed projects in critical minerals and infrastructure expected to drive mutual economic growth.
- Additional discussions planned this week will help set the agenda for a larger U.S.–Africa leaders meeting scheduled for September at the U.N. General Assembly.