SA is set to lose preferential access to US markets
The US has narrowed its list of countries it considers to be developing nations, including SA, to prevent them getting special trade preferences
SA is set to lose preferential access to US markets after the Trump administration moved to change key exemptions to America’s trade-remedy laws on Monday.
In 2019, US President Donald Trump issued an executive memo that asked US trade representative Robert Lighthizer to determine whether there has been “substantial progress” towards limiting the number of countries considered developing nations. ..