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Economy

‘Tariff increase will have a negative impact on SA, US businesses’

Date: Jul 9, 2025

Business Unity South Africa (SA) Chief Executive Officer Khulekani Mathe says the United States (US) tariff increase will have a negative impact on SA and US businesses.

This after US President Donald Trump imposed a 30% trade tariff on SA from August 1, 2025.

Mathe says they had hoped that, with the 90 day suspension and negotiations that were taking place, a better outcome would materialise.

President Cyril Ramaphosa has acknowledged Trump’s letter imposing a 30% tariff on SA exports to the US, citing trade imbalances and market restrictions.

--SABC--