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.
25 Articles
25 Articles
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
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.
Africa braces for economic hit as Trump’s tariffs end US trade perks
The heavy 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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