Africa in BusinessAfrica in Business

US, China agree to ease trade tensions by slashing tariffs imposed since April

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In a joint statement released in May, the United States and China agreed to significantly ease trade tensions by slashing tariffs imposed since April-resulting in a 115% decrease on both sides. Only a 10% base rate on reciprocal tariffs remains, and China has also committed to dropping its non-tariff countermeasures.  But with this truce set to last just 90 days, the global market remains on edge. So, what risks and opportunities lie ahead for African economies as supply chains shift once again and what to expect from the US-China trade talks?

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