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China offers total tariff relief for Africa

China offers total tariff relief for Africa

Yahooa day ago

Beijing said on Wednesday that it was ready to remove tariffs for all 53 African countries with which it shares diplomatic relations, following a meeting between its foreign minister and African officials in central China.
The move comes amid an ongoing trade war between Washington and Beijing, Africa's largest bilateral trade partner, and is a clear counterpoint to US President Donald Trump's new tariff regime that could hit some African nations with rates as high as 50%.
'We call on all countries, the United States in particular, to return to the right track of resolving trade disputes through consultation,' a statement published by the Chinese foreign ministry said.
African countries are also facing uncertainty over the future of the African Growth and Opportunity Act, a 25-year-old preferential trade program with the US that is set to expire in September.
Eswatini, the only African country that supports Taiwan — which Beijing considers a breakaway province — would be left out of any new tariff agreement. The plan is an expansion of China rolling out a zero-tariff treatment to 43 of the world's least-developed countries, mostly on the continent, last year.

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