African trade flows may shift further away from the US after President Donald Trump announced a slew of new tariffs, the head of Citigroup Inc.’s regional office said.Trump unveiled a revised global plan on Thursday that imposed levies as high as 30% on imports from countries including South Africa — the continent’s biggest economy — and Algeria.

U.S. President Donald Trump's latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling to seek ways to strike better deals.

Trump's new tariff rates include a 35% duty on many goods from Canada, which PM Mark Carney says he's "disappointed" about.

World shares retreated Friday after President Donald Trump issued a new set of import duties that will apply to dozens of countries as of Aug. 7. U.S. futures fell 0.9% after Trump announced tariff rates of up to 41% for imports from dozens of countries across the globe.