US EditionSouth Africa to Offer US ‘Generous’ Trade Deal to Avert 30% Tariff
South Africa aims to prevent 30,000 job losses by offering a new trade deal after the US imposed the highest tariff in sub-Saharan Africa on some exports, officials said.
- South Africa’s ministers aim to offer a 'very broad, generous and ambitious' deal to the US on Tuesday to avoid 30-percent tariffs, Agriculture Minister John Steenhuisen said.
- US President Donald Trump has criticised land and employment laws, citing expropriation and race laws as barriers, Steenhuisen said.
- Trade Minister Parks Tau noted the goal is to show South African exports do not threaten US industries and are complementary.
- Trade Minister Parks Tau said, `That book has been put on the side for now and all of us are grappling with the reality of what we are dealing with,' emphasizing the unprecedented nature of negotiations that did not follow the World Trade Organization rule book.
- Looking beyond South Africa, Steenhuisen noted that Brazil and India have faced 'far more punitive tariffs' over ideological disputes, signaling a 'new era' in trade.
44 Articles
44 Articles
Channel News Asia
PressNewsAgencySouth Africa to offer US ‘generous’ trade deal to avert 30% tariff
PRETORIA: South Africa will present a “broad, generous and ambitious” new trade proposal to the United States in a bid to avoid 30 per cent tariffs on some exports, government ministe
South Africa meets Trump's customs policy particularly fiercely: 30 percent are due - on car parts as well as on fruit. South Africa's government wants to make concessions now, but is not even optimistic. By S. Überbach.
South Africa offers US a revised trade deal and seeks to diversify exports – The Mail & Guardian
The cabinet has approved a revised trade offer to the United States, which last week put into effect a damaging 30% tariff on local exports, the trade, industry and competition minister, Parks Tau, said on Tuesday. The offer, presented to US representatives on 9 August, remains under wraps until it is formally put before US leaders, Tau told a joint briefing with the department of agriculture. South Africa has maintained that it will not retalia…
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
