South Africa seeks new US trade deal after tariff hike, says presidency
- South Africa's presidency stated that new U.S. Tariffs highlight the necessity for a new bilateral trade deal with Washington to ensure long-term trade certainty.
- U.S. President Donald Trump announced global reciprocal tariffs, including a 30% tariff on South Africa.
- The 30% tariff is in addition to a 25% tariff on vehicles and car parts imported to the U.S., affecting South Africa's exports worth over $2 billion.
- The President's office remarked that punitive tariffs are concerning and act as barriers to trade and shared prosperity between South Africa and the U.S.
44 Articles
44 Articles
South Africa calls for WTO reforms after US tariffs
South Africa called Friday for the reform and reinforcement of the World Trade Organization after US President Donald Trump imposed sweeping tariffs, saying all nations need to abide by the rules of global trade. The tariffs, including 31 percent on US imports from South Africa, “will significantly disrupt trade across the board”, Trade Minister Parks
South Africa Targets Development Finance Giants for Funds to Revive Cities
(Bloomberg) — South Africa, already counting on a $1 billion loan from the World Bank to regenerate its rundown cities, is seeking funding from some top global development-finance institutions to help with the revival.
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