https://en.sputniknews.africa/20250425/south-africa-preparing-trade-proposal-for-us-amid-tariffs-finance-minister-says-1072290629.html
South Africa Preparing Trade Proposal for US Amid Tariffs, Finance Minister Says
South Africa Preparing Trade Proposal for US Amid Tariffs, Finance Minister Says
Sputnik Africa
On April 9, Donald Trump announced a 10% baseline tariff for 90 days on over 75 countries, replacing higher initial rates. This tariff applies to countries... 25.04.2025, Sputnik Africa
2025-04-25T09:26+0200
2025-04-25T09:26+0200
2025-04-25T09:26+0200
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South Africa preparing a trade proposal "to engage the US" amid tariffs, Finance Minister Enoch Godongwana told reporters on the sidelines of the IMF and World Bank meetings in Washington.While the US had announced increased tariffs on South African imports, they were put on hold, leaving the current rate at 10%, the minister recalled.On April 2, US President Donald Trump signed an executive order that implemented reciprocal tariffs on imports from various countries. The base tariff rate was established at 10%, with higher rates applied to 57 countries based on the US trade deficit with each specific nation.
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south africa, southern africa, united states (us), donald trump, north america, finance, finance minister, economy, tariff, trade
south africa, southern africa, united states (us), donald trump, north america, finance, finance minister, economy, tariff, trade
South Africa Preparing Trade Proposal for US Amid Tariffs, Finance Minister Says
On April 9, Donald Trump announced a 10% baseline tariff for 90 days on over 75 countries, replacing higher initial rates. This tariff applies to countries that did not retaliate and sought negotiations, excluding China.
South Africa preparing a trade proposal "to engage the US" amid tariffs, Finance Minister Enoch Godongwana told reporters on the sidelines of the IMF and World Bank meetings in Washington.
While the US had announced increased tariffs on South African imports, they were put on hold, leaving the current rate at 10%, the minister recalled.
On April 2, US President Donald Trump signed an executive order that implemented reciprocal tariffs on imports from various countries. The base tariff rate was established at 10%, with higher rates applied to 57 countries based on the US trade deficit with each specific nation.
