South Africa eyes new markets after US tariffs

South Africa eyes new markets after US tariffs..
✨ Key Highlights
South Africa is actively seeking new export markets in Africa and Asia in response to looming 30-percent trade tariffs from the United States, which could jeopardize an estimated 30,000 jobs. This comes amid strained diplomatic relations between the two countries, with Pretoria expressing frustration over tariffs on exports that represent only a fraction of U.S. imports.
- The tariffs could specifically impact South Africa's agriculture, automotive, and textiles sectors.
- President Cyril Ramaphosa emphasized diversifying export markets, particularly deepening intra-African trade.
- Despite offered concessions like importing US liquefied natural gas, Foreign Minister Ronald Lamola stated the 30-percent tariff for South Africa is "inscrutable" as its imports pose "no trade threat" to the US economy.
Continue Reading
Read the complete article from Citizen Digital