In a major international development, former U.S. President Donald Trump has announced a sweeping 30% tariff on all goods imported from South Africa, set to begin on August 1. In a letter, Trump claimed South Africa's trade policies are "far from reciprocal," prompting this drastic measure. The White House has indicated that these tariffs could be adjusted based on the future of US-Pretoria relations.
Responding swiftly, South African President Cyril Ramaphosa has sharply pushed back, labelling the tariff a "contested interpretation" of the current trade reality. In a statement from his office, Ramaphosa highlighted that South Africa's average tariff on imports is a modest 7.6%, and a staggering 77% of all U.S. goods enter the country completely duty-free. He has tasked a special team to urgently engage with U.S. officials on the matter.
High-stakes negotiations are already underway. U.S. and South African officials have met in Angola to discuss tariff relief and market access. South Africa's trade ministry is pushing to delay the deadline and negotiate a new framework, with sources indicating they are seeking to cap the duty rate at 10% as a potential compromise. The international community is watching closely as a Press Secretary Leavitt has hinted at a possible delay, leaving the future of US-South Africa trade hanging in the balance.
#TradeWar #SouthAfrica #DonaldTrump #BreakingNews #WorldNews #USA #CyrilRamaphosa #USTrade #LatestNews #OneindiaNews #BreakingNews #30PercentTarif
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As Donald Trump intensifies his tariff war on nations like India and Brazil, a BRICS Strategic Awakening is underway. The five-member blocāBrazil, Russia, India, China, and South Africaāis realigning its collective strength to challenge Washingtonās high-handedness. With renewed cooperation and resistance, this BRICS Strategic Awakening could reshape the global trade order. From bilateral pacts to bold diplomatic moves, the BRICS Strategic Awakening signals a global shift towards multipolarity.
#BRICSStrategicAwakening #TrumpTariffWar #IndiaRussiaChina #GlobalTradeShift #MultipolarWorld
Donald Trump issued a bold warning to BRICS nationsāBrazil, Russia, India, China, and South Africaāaccusing them of trying to āundermine the dollar.ā Trump declared a 10% tariff would hit any country aligning with BRICS or challenging U.S. currency dominance. āThe dollar is king. Weāre going to keep it that way,ā he asserted. The statement signals Trumpās aggressive stance on global finance and hints at harsh penalties for nations embracing BRICSā alternative trade frameworks or currency cooperation.
#TrumpVsBRICS #DollarIsKing #TrumpTariffs #BRICSWarning #USDollarDominance #CurrencyWar #TradeThreat #Geopolitics #Trump2024 #TrumpSpeech #GlobalFinance #BRICSEconomies #USSanctions #10PercentTariff #TrumpForeignPolicy #EconomicShowdown #BreakingNews #TrumpNews #BRICSExpansion #Dedollarization #CurrencyChallenge #TariffThreat #AmericaFirst #USVsBRICS
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South Africa's Cyril Ramaphosa is due to be sworn in for a second term in office as president, despite failing to security a majority in parliament in last month's election for his..
President Cyril Ramaphosa urges South African party leaders to work together in the public interest after his ANC lost its 30-year-old governing majority in a bruising general election. But, in a sign..
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