Trump’s trade hammer falls – SA hit with 30% exporty duty

Published on


Add Smile FM on Google

 

 

There is still no firm indication on whether South Africa’s negotiation efforts with the US have helped circumvent steep export tariffs. But as it stands, the Trump administration’s global reciprocal tariffs take effect today – with South Africa now subject to a 30% tariff on most of its goods.

 

Minister of Trade, Industry and Competition, Parks Tau, submitted a last-minute trade proposal earlier this week, but he told the SABC on Thursday evening that the US has not confirmed anything yet.

 

 

In statement on Tuesday, Tau referred to the trade impasse between South Africa and the United States as a complex mix of geopolitics, domestic challenges, and commercial interests. Tau said that despite the heavy blow, South Africa has opted not to retaliate. Instead, the country remains focused on negotiation as the best path forward, reaffirming its commitment to working with the US rather than disengaging from the relationship.

 

READ MORE: Minister Tau Reaffirms South Africa’s Commitment to a Conclusion on the US Trade Deal

 

South Africa is among at least 185 countries affected by the sweeping tariff action, and its Framework deal with the US remains in limbo.

 

The Department of Trade, Industry and Competition confirmed that in the interim, the department has launched support mechanisms to assist affected industries, including small exporters.

 

Tau says President Ramaphosa has expressed support for a “reset” in trade ties. For now, the 30% tariff stands, with South Africa hopeful that constructive engagement can still deliver a mutually beneficial outcome.

Latest articles

LOOK: City unveils vision to complete Cape Town’s unfinished Foreshore highways

  Cape Town Mayor Geordin Hill-Lewis has unveiled plans to transform the city’s iconic unfinished Foreshore highways into a new link bridge, tunnel, promenade and...

Transnet land occupiers lose their appeal against eviction, ‘drug tunnels’ discovered

 Occupiers of Transnet land in Woodstock and Salt River have failed in their bid to appeal an eviction order, with the Western Cape High...

Three seafarers dead, two missing after incident off Mossel Bay coast

 Three seafarers have died, and two remain missing after a rescue boat that was launched from the AMSOL (African Marine Solutions Group) tugboat Umkhuseli...