China touts Africa trade record and zero tariffs as US preferences wobble
Published . Updated .
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China has been Africa's largest trading partner for 17 consecutive years and that 2025 trade exceeded the US$300 billion threshold.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR+0.6% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- KWEB KraneShares CSI China Internet ETF-6.3% 30d
KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story.
- SMH VanEck Semiconductor ETF-15.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “china” (semiconductors) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”).
- FXI iShares China Large-Cap ETF-2.8% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- CAT Caterpillar-28.4% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-1.2% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLI | +0.05% | +1.29% | base | after close | after close | after close | after close |
| XRT | +1.88% | +1.40% | base | after close | after close | after close | after close |
| KWEB | +5.97% | +3.23% | base | after close | after close | after close | after close |
| SMH | +0.14% | +4.23% | base | after close | after close | after close | after close |
| AFK | +3.26% | +3.57% | base | after close | after close | after close | after close |
| FXI | +3.46% | +1.27% | base | after close | after close | after close | after close |
| CAT | -0.24% | +0.24% | base | after close | after close | after close | after close |
| DE | +2.61% | +2.63% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
China touts Africa trade record and zero tariffs as US preferences wobble IOL
Source: IOL
This story
| Company | When | Move | Status |
|---|---|---|---|
| AFK | three days earlier | +3.57% | final price |
| AFK | five days earlier | +3.26% | final price |
| CAT | three days earlier | +0.24% | final price |
| CAT | five days earlier | -0.24% | final price |
| DE | three days earlier | +2.63% | final price |
| DE | five days earlier | +2.61% | final price |
| FXI | three days earlier | +1.27% | final price |
| FXI | five days earlier | +3.46% | final price |
| KWEB | three days earlier | +3.23% | final price |
| KWEB | five days earlier | +5.97% | final price |
| SMH | three days earlier | +4.23% | final price |
| SMH | five days earlier | +0.14% | final price |
| XLI | three days earlier | +1.29% | final price |
| XLI | five days earlier | +0.05% | final price |
| XRT | three days earlier | +1.40% | final price |
| XRT | five days earlier | +1.88% | final price |
This story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“China touts Africa trade record and zero tariffs as US preferences wobble” scores 12 out of 100. The score uses 1 sources.