South Africa Is Collateral Damage in U.S.-China Trade War

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South Africa Is Collateral Damage in U.S.-China Trade War
South Africa Is Collateral Damage in U.S.-China Trade War

South Africa may be almost 12,000 kilometers from Beijing and even further away from Washington D.C., but the mass producer of fruit and wine is still affected by the U.S.-China trade war.

Flaring U.S.-China tensions over trade came to a head this month when talks between the two superpowers fell apart. U.S. President Donald Trump has since raised tariffs on Chinese goods and put restrictions on telecommunications giant Huawei Technologies Co., with a solution to the impasse seemingly far off.

That may hurt the probability of South Africa’s economy coming out of the doldrums — an eventuality that local companies such as Liberty Holdings Ltd. are banking on to stimulate revenue growth. The dispute between the U.S. and China will also worsen negative sentiment around equity prices, which the insurer needs to boost the value of its assets.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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