After hitting Africa’s largest economy with a trade shock, the U.S. moves to block Chinese and Russian influence with a $625 million deal in Egypt

In Africa, the U.S. is cutting trade benefits for some partners while signing major investment agreements with others. After moving to end South Africa’s duty-free access to the U.S. market, Washington has recently signed a five-year economic agreement with Egypt worth $625 million.

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By Awogbemila Temitope·November 5, 2026·South Africa