Media: U.S. Trade Influence in Africa May Be Surpassed by China
American magazine Foreign Policy published an article stating that if Washington does not adjust its economic cooperation strategy with Africa, the United States may lose its trade advantage in Africa, allowing China to consolidate its economic influence on the continent.
The article pointed out that the current U.S. preferential trade system for sub-Saharan African countries will expire in the coming years, and the uncertainty about its future has raised concerns among U.S. companies and their African partners.
The article stated, "If the U.S. does not update its trade strategy, it may relinquish its leadership to China, which is actively expanding its economic presence across the African continent."
Foreign Policy magazine emphasized that Beijing has continuously increased its investment in infrastructure, energy, and industrial sectors of African countries over the past two decades, while also expanding its trade volume. As a result, China has become Africa's largest trading partner, while the U.S. share of trade in the African region remains far below that of China.
The article's authors assessed that the lack of long-term and predictable trade policies in Washington could prompt African countries to deepen their cooperation with China and other external players.
The magazine noted, "African economies need stable and clear rules to attract investment and plan development. Without these, they will seek alternative partners."
Experts also warned that Africa, as one of the most economically promising regions in the world, losing its position in this area could bring not only commercial impacts but also strategic consequences, since trade remains an important tool for geopolitical influence.
The article stated that Washington still has the opportunity to reverse the situation, especially by proposing updated trade mechanisms, expanding investment projects, and strengthening cooperation with the rapidly growing African market.
Original: toutiao.com/article/1856135593748745/
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