China scraps tariffs for all but one African nation

China scraps tariffs for all but one African nation9 minutes agoShareSaveAdd as preferred on GoogleKelly NgGetty ImagesSino-African trade is marked by a growing imbalance in China's favourChina will scrap tariffs for all African countries from Friday – except Eswatini, which maintains ties with Taiwan.As of December 2024, China had already implemented a duty-free policy for 33 least-developed African nations. The policy now covers 53 countries, and will be in place until 30 April 2028. It is unclear what will happen after that.Beijing has boasted that it is the first major economy to offer unilateral zero-tariff treatment to Africa. But analysts say that while China is seizing the chance to enhance its soft power, they point out that tariffs are rarely the main obstacle for exporters in Africa which has a huge trade deficit with China.A huge imbalance"China is positioning itself as the trade liberaliser and Africa-friendly economic partner, in contrast to Donald Trump and the US," says Lauren Johnston, a senior research fellow at the AustChina Institute.The US had hit some African nations with tariffs of up to 30% in August, although most are now subject to a 10% tariff, after the US Supreme Court struck down many of the duties.The expansion of China's zero-tariff regime could increase African agricultural exports, which will "help to elevate rural incomes, improve rural productivity, and ultimately to reduce hunger and poverty", Johnston says.But Sino-African trade is marked by a growing imbalance in China's favour, which means Chinese exports to Africa far exceed African exports to China, and that difference is widening.Last year, Africa's trade deficit with China rose by 65% to about $102bn.Africa's exports to China are dominated by minerals and raw materials, such as crude oil and metallic ores. Currently, China's main trading partners in the region include Angola, driven primarily by oil, the Democratic Republic...