[COMING UP] The effect of the 30% US tariffs on SA goods is about to be felt. Founder and Chief Executive of Pan-African Investment and Research Services Dr Iraj Abedian will discuss what this means on #AllAngles #DStv403 https://t.co/Nwj0oN2Obt
A South African door manufacturer, which has around 350 people working on the exports side of its business, said that the US would no longer be commercially viable for its products with a 30% tariff. | @brederode00 https://t.co/nfgWGsn34T
South Africa's Jendamark Automation lost contracts worth 750 million rand ($41 MLN) as a result of new US trade tariffs - News24
South African manufacturers are warning of severe fallout from newly imposed 30% U.S. tariffs on goods from the country. Automotive-focused Eastern Cape, home to several vehicle and component plants, faces a potential wave of plant closures and job losses as export orders are withdrawn. Engineering firm Jendamark Automation, a key supplier to global carmakers, said it has already lost contracts worth 750 million rand ($41 million) because buyers shifted sourcing to avoid the levy, according to local media reports. A door manufacturer that relies on the United States for a significant share of revenue said the tariff renders the market ‘no longer commercially viable’, threatening about 350 export-linked jobs. Economist Iraj Abedian of Pan-African Investment and Research Services cautioned that the duties could accelerate de-industrialisation and strain South Africa-U.S. trade relations unless policymakers negotiate relief or alternative markets are secured.