By Reuters
South African petrochemical firm Sasol is working to contain the impact of higher tariffs on its chemical exports to the U.S., Chief Financial Officer Walt Bruns said on Monday, saying they could affect $80 million worth of sales.
A 30% tariff imposed by President Donald Trump on South Africa came into effect this month, threatening the viability of billions of exports from Africa’s most advanced economy into the U.S.
Sasol, which operates a chemicals business in the U.S., also exports about 10% of its South African chemicals production into the world’s biggest economy.
“We estimate the impact on our business to be around $80 million, of which we believe we can mitigate at least $20 to $30 million,” Bruns told Reuters in an interview.
“Some of our customers are willing to allow us to pass on the higher cost to them. If not, then we can re-allocate some of the product
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