South Africa plans to seek new markets for its goods to offset the impact on its exports from Washington’s imposition of 30% tariffs on the nation’s goods entering the US https://t.co/8l5fDTT9Fg
An economist says South Africa needs to be realistic and stop playing an ideological game over US President Donald Trump's tariffs. The new tariffs target key industries including citrus, automotive components and steel. #DStv403 #eNCA #TheSouthAfricanMorning https://t.co/iDmH4NVcLo
An economist says South Africa needs to be realistic and stop playing an ideological game over US President Donald Trump's tariffs. The new tariffs target key industries including citrus, automotive components and steel. . #DStv403 #eNCA #TheSouthAfricanMorning https://t.co/I0TN8BxTEg
South African company Jendamark Automation has lost contracts worth 750 million rand ($41 million) due to the imposition of new 30% tariffs by the United States under President Donald Trump's administration. The tariffs, which came into effect recently, target key South African industries including citrus, automotive components, and steel. Jendamark Automation, a door manufacturer based in the Eastern Cape with around 350 export-related employees, stated that the US market is no longer commercially viable for its products. The tariff impact threatens the Eastern Cape's industrial sector, particularly its automotive hub, raising concerns about potential de-industrialization and challenges for traditional industries. In response, South African officials plan to seek alternative markets to mitigate the adverse effects on exports. Economists have urged South Africa to adopt a pragmatic approach in dealing with the tariffs, emphasizing the need to move beyond ideological positions.