On Thursday, South Africa’s presidency emphasized that the recent U.S. tariffs highlight the necessity for negotiating a new bilateral trade agreement with Washington to ensure long-term trade stability.
U.S. President Donald Trump announced global reciprocal tariffs on a majority of goods imported into the United States on Wednesday.
Among these, a 30% tariff was placed on South African goods.
“The tariffs highlight the urgent need to establish a new bilateral and mutually advantageous trade agreement with the U.S., which is crucial for achieving long-term trade stability,” stated the Presidency in a release.
These new tariffs are in addition to the existing 25% tariff on all vehicles and automotive parts entering the U.S., which will take effect starting Thursday.
South Africa’s exports of vehicles and parts to the United States are valued at over $2 billion and may face significant challenges due to these tariffs.
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“While South Africa is dedicated to maintaining a mutually beneficial trade relationship with the United States, the imposition of unilateral and punitive tariffs raises concerns and acts as an obstacle to trade and shared prosperity,” the President’s office further remarked.
