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African Development Bank chief warns of tariff 'shock wave'
African Development Bank chief warns of tariff 'shock wave'
Economy
by  AFP

An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs. A baseline 10-percent levy remains in place for all countries, along with higher tariffs on Chinese imports to the United States -- scrambling decades of global trade policy.