US EditionSouth Africa Braces for Job Losses as US Tariffs Kick In
SOUTH AFRICA, AUG 7 – US tariffs of 30% target South African automotive and agricultural sectors, prompting government interventions to protect jobs and industry stability, officials said.
- As South Africa’s 30% duty takes effect on Thursday, 7 August, President Cyril Ramaphosa engaged US President Donald Trump on trade talks.
- Last week, an executive order signed by President Donald Trump raised US duties from 10% to between 15% and 41%, including a 30% tariff on South African goods.
- Minister in the Presidency Khumbudzo Ntshavheni announced the Cabinet approved interventions, including the Export and Competitiveness Support Programme and export support desk, to mitigate roughly 30,000 job losses.
- Respective trade negotiating teams will advance detailed discussions, and the two leaders committed to continued engagement while the Trump administration will fully participate in the G20 meetings.
- With the US as a major vehicle export market, the government is intensifying its diversification strategy to build resilience and expand exports to Asia, Europe, the Middle East, and Africa.
27 Articles
27 Articles
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