“This tariff hike posed a direct threat to our export capacity, particularly in strategic sectors such as automotive, agro-processing, steel, and chemicals amongst others. As Government, we are fully committed to supporting our exporters through this challenging time. We are working with urgency and resolve to implement real, practical interventions that defend jobs and position South Africa competitively in a shifting global landscape,” DTIC said in a press statement.
Trade and Industry Minister Parks Tau described the situation as “a trying moment for South Africa”, warning of potential job losses and broader economic instability. President Cyril Ramaphosa confirmed that a support package for impacted exporters is being finalised, with further announcements expected soon, as per the South African media reports.
He also emphasised that diplomatic channels with the US remain open, although past efforts to negotiate relief—including proposed US LNG purchases and investment pledges—have been met with silence.
ALCHEMPro News Desk (SG)
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