
China says it will sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with – a move that could benefit middle-income nations as they prepare for tariff hikes on products entering the United States.
The move, announced at a China-Africa co-operation meeting (FOCAC) in Changsha, central China, comes as the continent faces the possibility of increased tariffs on its products entering the US.