US President Donald Trump has set the cat among the pigeons with his proposed steel and aluminium tariffs. Over several decades global trade has steadily increased and has been a driver of economic growth and rising prosperity around the world. Poverty in India and China declined rapidly after those countries liberalised their economies and opened up to global trade. Trump’s belief that the US can "win a trade war" is misguided. No one wins a trade war and it is the poor who would suffer. As President Cyril Ramaphosa develops his economic strategy for SA he would do well to bear this in mind and focus on those policies we know will help the poor. One of the benefits of the end of apartheid and the National Party rule’s was the re-entry of this country into the global trading system. According to the Fraser Institute’s Index of Economic Freedom, SA’s freedom to trade globally increased significantly between 1990 and 2000, and this must have been an important driver of the economic gr...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.