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S.Africa eyes new markets after US tariffs: president

South Africa is seeking new export markets in Africa and Asia as it faces a looming 30-percent trade tariff from the United States, a move that could threaten up to 30,000 jobs. President Cyril Ramaphosa and government officials have expressed frustration, arguing that South African exports do not pose a threat to United States industries and represent only a small fraction of total imports. The tariffs, which are the highest in sub-Saharan Africa, are expected to hit key sectors such as agriculture, automotive, and textiles, though some exports will be exempt. In response, South Africa is negotiating with the United States and offering to import more United States goods, while also accelerating efforts to diversify its export destinations and deepen intra-African trade. Diplomatic relations between the two countries remain strained, with criticism at home over the government's handling of the situation and broader disagreements on international issues.

Original article source: https://www.dailymail.co.uk/wires/afp/article-14968671/S-Africa-eyes-new-markets-US-tariffs-president.html
Source Id: 8800090812

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