US EditionS.Africa Eyes New Markets After US Tariffs: President
- South Africa is looking for new markets in Africa and Asia while negotiating with the United States over 30-percent trade tariffs.
- Officials have stated that these tariffs could potentially cost about 30,000 jobs.
- Government ministers expressed frustration with the United States regarding the tariffs, which are set to take effect soon.
- Relations between South Africa and the United States are strained over several issues, including trade tariffs.
47 Articles
47 Articles
US tariffs put 30,000 South African jobs at risk, officials say
By MICHELLE GUMEDE, Associated Press JOHANNESBURG (AP) — U.S. reciprocal tariffs have put an estimated 30,000 jobs at risk, South African authorities said Monday, four days before a 30% U.S. tariff on most imports from South Africa kicks in. South Africa was slapped with one of the highest tariff rates by its third-largest trading partner — after China and the EU — creating uncertainty for the future of some export industries and catapulting a s…
South Africa seeks new export markets as US tariff looms – The Mail & Guardian
South Africa is preparing to diversify its export markets in response to the looming 30% tariff imposed by the US, which government officials say will cost jobs and shave 0.2% off economic growth. The country is one of several facing punitive tariffs from the US as it moves to protect its own manufacturers and labour force. President Donald Trump announced the tariffs in April but delayed them for 90 days to allow countries to negotiate better d…
South Africa Readies Plan to Offset Trump’s Tariffs Fallout
South Africa’s government is putting the final touches to an overarching package that aims to shield businesses against the fallout from punitive US trade tariffs and plans to present it to lawmakers later this week.
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