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.

President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House Deputy Chief of Staff Stephen Miller clap after an announcement of a trade deal between the US and EU in Turnberry, Scotland, on July 27.

European Commission President Ursula von der Leyen says the EU must "de-risk" from trade and supply chain dependencies on China. Sep 13, 2023 - The EU launches an anti-subsidy probe into Chinese EV exports to assess whether to impose punitive tariffs.