Botswana plans to open talks with the US to address the 37% tariffs imposed by President Trump on exports such as beef and diamonds. Trade Minister Tiroeaone Ntsima said the retaliatory tariffs stem from Botswana’s 74% duties on US imports. The government is seeking an amicable resolution. Senior Policy Advisor Naledi Madala proposed using this moment to diversify the economy and launch a sovereign wealth fund to replace the current Pula Fund.