Coal will not be subject to the new tariffs as it is an important part of Trump’s anti-decarbonisation drive.
Canada announced retaliatory tariffs on US goods, including a 25% surtax on various products, including fruit.
Of the goods worth R153 billion that South Africa exported to the US in 2024, about half were minerals.
Now facing 54% tariffs on exports to the US, China vowed countermeasures, as did the European Union.
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.
Strict movement protocols to be modified to ease movement on non-affected farms.
The citrus and automotive industries could suffer significantly if Agoa benefits are revoked.
Exports to the US amounted to 4%, but their value cannot be minimised. – Wandile Sihlobo
The proposed tariffs on Chinese-built vessels could have unintended consequences that will hit consumers, local businesses and exports.
