U.S. President Donald Trump’s 30 percent tariff on all South African exports are set to come into effect on 7 August.

Cape Town

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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South African President Cyril Ramaphosa has expressed hope for a trade agreement with the United States amid the impending introduction of a 30 percent tariff on all South African exports to the US. The tariffs are expected to significantly impact the country's agriculture and automotive industries, with concerns over potential job losses.

Ramaphosa stated that negotiations with the US are ongoing, and a mutually beneficial trade package is under discussion. The South African government has announced plans to draft measures to support exporters affected by the new tariffs, as intensive talks continue in an effort to reach a settlement before the tariffs take effect.

South Africa’s Ramaphosa still hopeful of trade deal with U.S.

South Africa's President Saul Ramaphosa says he's still hopeful of a trade deal with the United States. US President Donald Trump's 30 per cent tariff on all South African exports are set to come into effect on the 7th of August. Our negotiations with the United States are continuing. And let's be clear, South Africa is not the only country that is dealing with this crisis. And many other countries, some of which are in a much worse situation than we are, others are slightly better off. And all of us are involved in a process of having discussions and negotiations with the United States. Ramaphosa said on Friday that a mutually beneficial trade package has been put on the table, which still needs to be fully negotiated. South Africa's agriculture and automotive industries are expected to be among the hardest hit, with widespread job losses expected. Many of our companies deal with the United States customers. We export vehicles, we export steel and aluminium, we export citrus. So we've got to engage with them and find a way to reach a settlement. So within the window that's still open, we're hoping that we will find a way to settle this matter. So intensive negotiations are now underway. Meanwhile the government on Friday said it would draft measures to support exporters hit by the new levy.

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South Africa’s Ramaphosa still hopeful of trade deal with U.S.

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