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Citi Sees Africa Trading More With China, EU

Trump’s tariffs are sending African countries into China’s hands

Africa is adjusting to the new reality of US President Donald Trump’s tariffs, with countries on the continent facing some of the highest export charges.

Bloomberg on MSN · 22h

Citi Sees Africa Trading More With China, EU After US Tariff Hit

African trade flows may shift further away from the US after President Donald Trump announced a slew of new tariffs, the head of Citigroup Inc.’s regional office said.Trump unveiled a revised global plan on Thursday that imposed levies as high as 30% on imports from countries including South Africa — the continent’s biggest economy — and Algeria.

Nairametrics · 20h

Trump’s tariffs could push Africa to strengthen trade ties with China, EU – Citigroup Executive

Head of Sub-Saharan Africa at Citigroup, Akin Dawodu, has said that the new U.S. tariffs on African imports could accelerate

12h

South Africa facing prospect of job losses after Trump announces 30-per-cent tariff

The tariff was among the highest to be imposed on any U.S. trading partner in the latest round of White House announcements ...

6don MSN

Africa looks to China as ‘beneficial partner’ while US imposes tariffs, aid and visa cuts

Africa favours China as US relationship deteriorates due to disturbing pattern that ‘inflicts harm but expects loyalty’, analysts say.

standardmedia.co.ke1mon

Beijing opens door to Africa with zero tariffs amidst global turmoil ...

Overall, China-Africa trade grew over 20-fold since the Forum on China-Africa Cooperation (FOCAC) was launched in 2000, reaching 2.1 trillion yuan ($291 billion) in 2024, with China ...

Tuko News on MSN2d

China Gives Kenya Tariff-Free Access to Its Market, Scraps 10% Tax

China has granted Kenya tariff-free access to its vast market, eliminating a 10% tax on exports to boost trade. The move will enhance Kenya’s export potential.

OilPrice.com4d

U.S. and China Extend Tariff Pause Another 90 Days

The United States and China have extended their tariff truce by another 90 days as trade negotiations continue in Stockholm, with both nations committing to not impose additional tariffs or escalate ...

22h

Live: How US tariffs have changed from April to August

Switzerland’s new rate is even higher than the 31 per cent outlined on Trump’s “liberation day” in April. It also makes the ...

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