SHANE NAIDOO: US tariffs an opportunity to consider diversifying export markets
13 April 2025 - 08:15
The announcement by President Donald Trump of a 30% import tariff against South Africa is undoubtedly a big blow, particularly to the automotive and agricultural sectors, and nullifies the duty-free benefits under the African Growth and Opportunity Act (Agoa).
The loss of duty-free access will reduce South African exporters’ price competitiveness, create ripple effects across supply chains and weaken the country’s balance of payments, indirectly impacting the rand rate against the dollar for exporters and importers alike. ..
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