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. Goods from other major economies including Nigeria and Ghana face US duties of 15%.