Overview
- The 30% US tariff on South African exports took effect Thursday under President Trump’s executive order resetting global trade terms.
- Up to 100,000 jobs in sectors like automotive, steel and agriculture are at risk according to central bank governor Lesetja Kganyago.
- Pretoria’s months-long bid to avert the tariffs included offers to buy US liquefied natural gas and invest $3.3 billion in US industries, but Washington rejected the proposals.
- South Africa has launched a producer support programme and established an export support desk to help firms diversify into new markets.
- Diplomatic ties between the two countries remain at a low after stalled trade negotiations and the March expulsion of South Africa’s ambassador.