By Johnathan Paoli
The Presidency has expressed deep concern over the newly imposed tariffs on its exports to the United States, following an announcement by President Donald Trump on Wednesday.
It criticised the unilateral nature of the tariffs, describing them as “punitive measures” that hinder trade and shared economic prosperity.
“Whilst South Africa remains committed to a mutually beneficial trade relationship with the United States, unilaterally imposed and punitive tariffs are a concern and serve as a barrier to trade and shared prosperity,” it said in a statement on Thursday.
The tariffs, which include a 30% levy on South African goods, are part of a broader policy targeting several nations, with Trump citing trade imbalances and national security concerns.
The presidency further emphasised the need for urgent negotiations to establish a new, fair bilateral trade agreement that would ensure long-term stability in economic relations between the two nations.
“The tariffs
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
