South Africa seeks new US trade deal after tariff hike, says presidency
- South Africa's presidency has expressed concerns about U.S. President Donald Trump's tariff hikes, stating the need for a new trade agreement with the U.S. For long-term trade stability.
- Trump imposed a 30 percent tariff on South Africa, which exports a variety of products to the U.S., its second-largest export destination.
- The South African rand fell to a three-month low due to the tariff hike and political fears regarding the coalition government.
- Economist Xhanti Payi noted that smaller countries like South Africa will face the greatest impact from Trump's tariffs due to their less diversified economies.
44 Articles
44 Articles
South Africa calls for WTO reforms after US tariffs
South Africa called Friday for the reform and reinforcement of the World Trade Organization after US President Donald Trump imposed sweeping tariffs, saying all nations need to abide by the rules of global trade. The tariffs, including 31 percent on US imports from South Africa, “will significantly disrupt trade across the board”, Trade Minister Parks
South Africa Targets Development Finance Giants for Funds to Revive Cities
(Bloomberg) — South Africa, already counting on a $1 billion loan from the World Bank to regenerate its rundown cities, is seeking funding from some top global development-finance institutions to help with the revival.
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