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Experts are predicting that more than 70,000 jobs in the citrus, automotive and steel sectors will be at risk should the US ahead with his 30% import tariff hikes against SA.@Koena_xM @Moloi_Herman1 https://t.co/wQeQ9dhsm8
[TALKING POINT] What impact will the 30% tariff hike on exports to the United States have on our economy and ordinary South Africans? #sabcnews #FirstTakeSA https://t.co/mqQ09pr2Xr
The administration of U.S. President Donald Trump has imposed a 30% tariff on South African goods entering the United States, escalating bilateral trade tensions and prompting concern across key export industries from citrus to auto parts. South Africa’s National Treasury said it is modeling the potential impact on tax revenues and the national budget, warning that the duty could erode fiscal projections if export volumes fall. A business association representing manufacturers and growers estimates that up to 70,000 jobs in the citrus, steel and automotive sectors are at risk should the surcharge remain in place. Local economists caution that the levy could also ripple through the broader economy, with property analysts noting that weaker foreign-exchange earnings may dampen real-estate demand. Political economist Dr. Lumkile Mondi urged Pretoria not to retaliate but to accelerate efforts to diversify export markets while seeking dialogue with Washington to avoid further losses.