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Unlike the United States, China's Tariff Policy Stimulates Trade With Africa
Unlike the United States, China's Tariff Policy Stimulates Trade With Africa
Sputnik Africa
Unlike the United States, China's Tariff Policy Stimulates Trade With Africa 16.06.2025, Sputnik Africa
2025-06-16T17:05+0200
2025-06-16T17:05+0200
2025-06-16T17:32+0200
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Unlike the United States, China's Tariff Policy Stimulates Trade With AfricaChina has positioned itself as a key economic partner to Africa by pledging to eliminate tariffs on all imports from 53 African countries—offering broad duty-free access to its vast consumer market. This contrasts sharply with the United States, whose recent tariff hikes have made African exports more expensive and less competitive.Liu Qinghai, head of the Center for African Economics at Zhejiang Normal University, told Sputnik that China’s approach “does not harm but rather stimulates” trade.In 2024, China’s trade with Africa reached $295.6 billion—far surpassing the US total of $71.6 billion. Notably, African exports to China are growing faster than China's exports to Africa, indicating a more balanced trade relationship.Meanwhile, the US has imposed a 10% "minimum base tariff," with some African goods facing rates as high as 50%, disproportionately impacting economies like Lesotho, Madagascar, Botswana, and South Africa. The result: canceled orders, factory closures, rising inflation, and deepening economic instability.AI-generated image
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sputnik africa, economy, china, united states (us), africa, africa insight
sputnik africa, economy, china, united states (us), africa, africa insight
Unlike the United States, China's Tariff Policy Stimulates Trade With Africa
China has positioned itself as a key economic partner to Africa by pledging to eliminate tariffs on all imports from 53 African countries—offering broad duty-free access to its vast consumer market. This contrasts sharply with the United States, whose recent tariff hikes have made African exports more expensive and less competitive.
Liu Qinghai, head of the Center for African Economics at Zhejiang Normal University, told Sputnik that China’s approach “does not harm but rather stimulates” trade.
In 2024, China’s trade with Africa reached $295.6 billion—far surpassing the US total of $71.6 billion. Notably, African exports to China are growing faster than China's exports to Africa, indicating a more balanced trade relationship.
Meanwhile, the US has imposed a 10% "minimum base tariff," with some African goods facing rates as high as 50%, disproportionately impacting economies like Lesotho, Madagascar, Botswana, and South Africa. The result: canceled orders, factory closures, rising inflation, and deepening economic instability.
China’s expanding trade preferences, including recent tariff waivers for countries like Afghanistan, underscore its strategy of strengthening ties across the Global South—providing economic incentives where others erect barriers.
