Citi Sees Africa Trading More With China, EU After US Tariff Hit
Citigroup's regional head has predicted that African trade will likely shift more towards China and the European Union in the wake of US tariff hikes. The announcement of new tariffs by President Trump is expected to impact African trade flows, leading to a further reduction in trade with the US. This shift is seen as a response to the tariff measures implemented by the US administration. The article suggests that African countries may seek to diversify their trade partnerships, focusing more on strengthening economic ties with China and the EU as alternatives to the US market. This potential realignment of trade patterns could have significant implications for the African continent's economic landscape and its relationships with major global powers.
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