By Thebe Mabanga
Trade, Industry and Competition Minister Parks Tau has called for a “reset” in South Africa’s trade relations with the United States, amid rising tensions over the so-called Liberation Day 30% tariffs on South African exports set to take effect on Friday.
“The intersection of geopolitical, domestic and trade issues best defines the current impasse between South Africa and the United States, and a reset is unavoidable.” Tau said in a statement released late in negotiations with Washington on Tuesday.
To counter, or hopefully stave off the tariffs, South Africa has offered to import $12 billion worth of liquified natural gas from the US over the next ten years, while exporting more poultry and blueberries into the world’s largest economy.
The two countries will also invest in critical minerals, pharmaceuticals and agricultural machinery and protect sectors such as ship building and exports from small and medium enterprises from
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