10/07/2025
US import tariffs could cut growth
South Africa?s economy is likely to take a knock if the 30% import tariff on local goods announced by United States President Donald Trump this week kicks in on 1 August, economists have said. South Africa is one of 14 countries that received formal communication from the US earlier this week regarding proposed tariff increases. Tunisia is the only other African country targeted. Trump said the tariff will address what he called a trade imbalance between the US and South Africa, which he said ?must move away from these long-term, and very persistent, trade deficits engendered by South Africa?s tariff, and non-tariff, policies and trade barriers?. Trump announced punitive tariffs against...
