Automotive exports constitute 25% of Agoa-enabled trade. – Dr Martin Cameron, MD of Trade Advisory.
The downturn was sparked by last Wednesday's ‘reciprocal tariff’ announcements by the US on some 60 countries.
This would represent a downward revision of nearly four percentage points from previous projections. – WTO
Canada announced retaliatory tariffs on US goods, including a 25% surtax on various products, including fruit.
Higher import duties will affect the livelihoods of businesses and households across the country.
The country is concerned about the new tariff regime on its exports to the world’s biggest economy.
The delegation sought to clarify the country’s expropriation and race-based laws.
But the index remains in negative territory with load-shedding and souring SA-US relations weighing on confidence.
The proposed tariffs on Chinese-built vessels could have unintended consequences that will hit consumers, local businesses and exports.
