Natalie Moore

China woos Africa as U.S. struggles to keep up

To that end, Xi said Thursday that China would further open its market to African agricultural products, and that products from most of the world’s poorest countries, including 33 in Africa, would be exempted from all tariffs. Xi said China would carry out 30 infrastructure projects across the continent as part of his Belt and…

Read More

The U.S. is now Germany’s biggest trading partner — taking over from China

After years of China being Germany’s main trading partner, the United States appears to be quietly taking that top spot as the year progresses. Combined exports and imports between Germany and the U.S. totaled 63 billion euros ($68 billion) between January and March 2024. Meanwhile, trade between Germany and China came to just below 60 billion euros, according to CNBC calculations. Reuters…

Read More