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    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

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    N138m fraud rocks ASUU in Unical

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    2027: Over 200 APC members defect to ADC in Kaduna

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    China’s Economic Slowdown Deepens, Official Data Show

    China’s Economic Slowdown Deepens, Official Data Show

    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    N138m fraud rocks ASUU in Unical

    N138m fraud rocks ASUU in Unical

    2027: Over 200 APC members defect to ADC in Kaduna

    2027: Over 200 APC members defect to ADC in Kaduna

    Customs hands over suspects, power cables worth N5.3m to NSCDC in Kano

    Customs hands over suspects, power cables worth N5.3m to NSCDC in Kano

    Bandits disregard peace deal, raid mosque, Kidnap 40 worshippers in Zamfara

    Bandits disregard peace deal, raid mosque, Kidnap 40 worshippers in Zamfara

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    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

    GB back in Davis Cup, set eyes on the 2026 title

    GB back in Davis Cup, set eyes on the 2026 title

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

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    Ademola Lookman: Premier League top side ready ₦40 billion January bid

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    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    Benefits of gloves, spiritually 

    Benefits of gloves, spiritually 

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Home In the News

US-China Trade War Wreaking Havoc on Africa’s Economy, PAMA Warns

Ademola Damilola by Ademola Damilola
October 1, 2024
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US-China Trade War Wreaking Havoc on Africa’s Economy, PAMA Warns
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The Pan-African Manufacturers Association (PAMA) has raised concerns over the severe economic strain the ongoing trade war between the United States and China is placing on Africa. The association highlighted the disruption of supply chains, increased production costs, and market uncertainties, all of which have significantly impacted African manufacturers.

In its September bulletin, Manufacturing Global News, PAMA explained that the trade war, which began in 2018, has worsened Africa’s access to essential raw materials and machinery from China, while African exports to the U.S. are facing more competition as American firms search for alternative markets amid rising tariffs on Chinese goods.

These challenges are exacerbated by a global economic slowdown and persistent inflation. Many African manufacturers are now calling for government intervention and urging a stronger focus on intra-African trade through initiatives like the African Continental Free Trade Area (AfCFTA).

PAMA emphasized that in today’s interconnected global economy, trade wars not only affect the countries directly involved but also create widespread repercussions, particularly in the manufacturing sector, which has been hit hard by supply chain disruptions and rising costs.

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