China cuts tariffs on African goods but is it enough to close the trade gap?

African eels, frozen meat and rare earths now have one thing in common – at least in China. The commodities are among a wide variety of products that can enter the country tariff-free as part of a policy to help redress the continent’s massive trade imbalance with China. The zero-tariff policy has applied to 33 “least-developed” African countries since 2024 and, from May 1, has been expanded to include 20 “middle-income” African nations. The schedule will remain in effect for two years, covering...