African trade flows may shift further away from the US after President Donald Trump announced a slew of new tariffs, the head of
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. Goods from other major economies including Nigeria and Ghana face US duties of 15%.
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The tariffs will encourage African governments to explore alternative trading partners, Citigroup’s