Error:

Javascript is disabled in this browser. This page requires Javascript. Modify your browser's settings to allow Javascript to execute. See your browser's documentation for specific instructions.

Economy

Actions

Economy

SA seeks new US trade deal after tariff hike

Date: Apr 3, 2025

South Africa's (SA) Presidency said this Thursday that the new United States (US) tariffs underscore the need to negotiate a new bilateral trade deal with Washington to ensure long-term trade certainty.

US President Donald Trump unveiled global reciprocal tariffs on most goods imported to the US on Wednesday.

Trump imposed a 30% rate on SA.

"The tariffs affirm the urgency to negotiate a new bilateral and mutually beneficial trade agreement with the US as an essential step to secure long-term trade certainty," the Presidency said in a statement.

The latest tariffs are in addition to the 25% imposed on all vehicles and car parts imported into the US, which will kick in from Thursday.

SA’s exports of vehicles and parts into the US are estimated at over $2 billion and could be hard hit by the levies.

"Whilst SA remains committed to a mutually beneficial trade relationship with the US, unilaterally imposed and punitive tariffs are a concern and serve as a barrier to trade and shared prosperity," the President's office added.

--Reuters--