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South African Exports to Face 30% US Tariff as Trump Targets African Trade
The United States has announced a significant increase in tariffs on imports from 20 African countries, with South African products facing the highest tarrifs of 30%.
The new tariffs, which take effect on August 7, were revealed by President Donald Trump in a statement on Thursday.
South Africa, the only country from sub-Saharan Africa to be singled out for the top-tier tariff rate, is expected to be severely impacted.
The United States is South Africa’s second-largest trading partner, and the move threatens to disrupt key export sectors including automotive, agriculture, and mining.
Neighboring countries Lesotho and Zimbabwe were also affected, though at a lower rate of 15%. Other African nations not included in the list will continue to face the 10% baseline tariff introduced in April.
Side note: It's high time Africa starts to trade within, and stop waiting for western validation. It's time to have a single trade currency for the whole of Africa, just like the Euro which is used by European countries to trade. Africa should not wait for the West to dictate its future, Africa should decide its own future. Let's create a single African currency which we can use to trade within. It's time.
#TheAfricanDream
The United States has announced a significant increase in tariffs on imports from 20 African countries, with South African products facing the highest tarrifs of 30%.
The new tariffs, which take effect on August 7, were revealed by President Donald Trump in a statement on Thursday.
South Africa, the only country from sub-Saharan Africa to be singled out for the top-tier tariff rate, is expected to be severely impacted.
The United States is South Africa’s second-largest trading partner, and the move threatens to disrupt key export sectors including automotive, agriculture, and mining.
Neighboring countries Lesotho and Zimbabwe were also affected, though at a lower rate of 15%. Other African nations not included in the list will continue to face the 10% baseline tariff introduced in April.
Side note: It's high time Africa starts to trade within, and stop waiting for western validation. It's time to have a single trade currency for the whole of Africa, just like the Euro which is used by European countries to trade. Africa should not wait for the West to dictate its future, Africa should decide its own future. Let's create a single African currency which we can use to trade within. It's time.
#TheAfricanDream
South African Exports to Face 30% US Tariff as Trump Targets African Trade
The United States has announced a significant increase in tariffs on imports from 20 African countries, with South African products facing the highest tarrifs of 30%.
The new tariffs, which take effect on August 7, were revealed by President Donald Trump in a statement on Thursday.
South Africa, the only country from sub-Saharan Africa to be singled out for the top-tier tariff rate, is expected to be severely impacted.
The United States is South Africa’s second-largest trading partner, and the move threatens to disrupt key export sectors including automotive, agriculture, and mining.
Neighboring countries Lesotho and Zimbabwe were also affected, though at a lower rate of 15%. Other African nations not included in the list will continue to face the 10% baseline tariff introduced in April.
Side note: It's high time Africa starts to trade within, and stop waiting for western validation. It's time to have a single trade currency for the whole of Africa, just like the Euro which is used by European countries to trade. Africa should not wait for the West to dictate its future, Africa should decide its own future. Let's create a single African currency which we can use to trade within. It's time.
#TheAfricanDream
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