US EditionUPDATE | Presidency concerned as Trump targets SA exports with 'punitive' tariffs
- President Trump announced sweeping reciprocal tariffs on imported goods on Wednesday evening, affecting numerous countries.
- Trump's new tariffs emerged from a push to renegotiate existing trade agreements.
- The tariffs ranged from 10% to 50%, with South Africa facing a 30% surcharge on its exports.
- South Africa called the tariffs "unilaterally imposed and punitive" and a "barrier to trade."
- Experts warn of wide-ranging negative effects including harm to exports and potential job losses, particularly in Lesotho.
29 Articles
29 Articles
Trump tariffs: Crude oil, cocoa, textile - African export products wey Trump new US tariffs hit well - BBC News Pidgin
Crude oil, agricultural products like cocoa, textiles, and vehicles from African kontris na top exports to United States ova di years, but di new tariffs announce by President Trump fit put a spoil for dat trade.
South African minister unveils diversification strategies to counter U.S. tariffs
JOHANNESBURG, April 4 (Xinhua) -- South African Minister of International Relations and Cooperation Ronald Lamola on Friday reiterated Pretoria's concerns over newly imposed U.S. tariffs, unveiling a strategic plan to diversify the country's export markets. Read full story
Rand hits lowest level EVER against pound: R1 gets you 4p
The South African rand has hit its worst level ever against the British pound, currently trading at R24.65 per pound. That means for every R1, you’ll get a little over 4p. The previous highest level of R24.43 came at the end of May 2023. Meanwhile, the rand also experienced a significant decline against the US dollar, breaching the key R19 to the dollar mark on Friday afternoon. This depreciation is attributed to escalating tensions between the…
Africa Braces for Economic Hit As Trump's Tariffs End U.S. Trade Perks
The stiff new tariffs announced by President Donald Trump are shaking up trade ties between the United States and several African nations - many of whom have had preferential agreements with Washington for decades.
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