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News24 | Trump's Tariffs Put 100 000 Jobs at Risk in SA, Kganyago Says
- Economists predict that the agriculture industry, particularly citrus and table grapes, will be affected at a regional level due to the tariffs.
- South Africa's exports to the U.S. account for only 4% of its total exports, as noted by Louw Pienaar.
- Francois Rossouw mentioned that import duties hinder the table grape industry against competitors and suggested South Africa may shift focus to direct exports in African markets.
27 Articles
27 Articles
South Africa’s auto sector warns of US tariff impact
South Africa’s automotive industry lobby group warned that the country’s economy will be devastated by tariffs on exports to the US, which come into force on Aug. 1.The country faces 30% tariffs on all exports, as well as a new 25% levy specific to auto exports, duties which pose a “serious threat” to the local carmaking industry. The US is South Africa’s second-largest export market, with automotives accounting for two-thirds of all trade under…
News24 | Trump's tariffs put 100 000 jobs at risk in SA, Kganyago says
US President Donald Trump’s tariffs on South Africa could cause around 100 000 job losses, with the agriculture and automotive sectors hardest-hit, central bank governor Lesetja Kganyago said on Wednesday.
The first legacies of the US trade offensive appear in South Africa. Car exports to the United States fell by 73% in the first quarter. The sector fears for its survival.
South Africa Aims to Forge G-20 Accord Despite Ongoing US Enmity
South Africa expressed confidence that it can get finance ministers and central bank governors from the Group of 20 nations to agree on a communique for the first time since it assumed the leadership of the bloc, despite differences between the US and its other members.
South Africa: U.S. Tariffs Pose Significant Threat to South African Agriculture
The recent imposition of 30 percent tariffs on South African products by the United States has raised concerns among farmers and analysts about the potential impact on the country's agricultural exports.
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