US EditionNews24 | Trump Pushes Ahead with 30% Tariffs on SA
SOUTH AFRICA, JUL 31 – The tariffs target automotive, agriculture, and mining sectors, risking up to 100,000 jobs and R63 billion in lost trade, according to South African officials.
- The United States imposed a 30 percent tariff on South African exports, targeting key goods under alleged unfair trade imbalances.
- On Wednesday, 30 July, Trump announced on Truth Social 'IT STANDS STRONG, AND WILL NOT BE EXTENDED,' while Lutnick said on Sunday negotiations remain possible.
- The South African Reserve Bank warns job losses could reach six figures, with R63 billion in trade losses from US tariffs on exports, in a country with 33 percent unemployment.
- With tariffs live, South Africa, Trade Minister Parks Tau says negotiations are ongoing despite Pretoria contesting the accusations and no diplomatic off-ramp in sight.
- South Africa could leverage the expiry of the African Growth and Opportunity Act in 2025, with Gwede Mantashe hinting at retaliatory tariffs on platinum group metals.
33 Articles
33 Articles
July Tariff, Trump Hits South Africa With 30% Trade Penalty - American Faith
President Donald Trump has raised tariffs on South African goods to 30%, delivering a major economic blow despite a recent Oval Office visit from President Cyril Ramaphosa. The White House announced the move Thursday through an executive order targeting nations that failed to negotiate favorable trade deals with the United States. South Africa, which counts the U.S. as its second-largest trading partner, had pushed hard to avoid the tariff hike.…
US hits Africa with new tariff rates
US President Donald Trump slapped a 30% duty on imports from South Africa after the continent’s largest economy failed to secure a trade deal, but other African nations fared relatively well from Washington’s long-awaited tariff announcement. South Africa’s central bank governor recently warned that the tariffs could cause around 100,000 job losses, mostly in the agriculture and automotive sectors. The US is South Africa’s second-largest export …
South Africa Joins Tariff Losers at 30% After Failure to Reach Deal
South Africa has failed to prevent President Donald Trump from raising tariffs on its goods to 30% -- despite an Oval Office visit from President Cyril Ramaphosa and what its diplomats say was their best efforts. The post South Africa Joins Tariff Losers at 30% After Failure to Reach Deal appeared first on Breitbart.
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