South Africa is amongst the countries that will see a 90-day pause in the application of US President Donald Trump’s higher reciprocal tariffs.
Trade, industry and Competition Minister Parks Tau has confirmed the pause in applying reciprocal tariffs.
However, Trump’s across-the-board 10% tariff will still apply to South Africa.
This will mean that South Africa’s benefit (being charged 0% for exports under the African Growth and Opportunity Act, or AGOA) will now be subject to a 10% tariff charge.
In response to what South Africa was bringing to the table in its talks with the US, Tau said: “I should say that we have already started raising with the US the need to revive the trade and investment facilitation agreement that we have with the US, so that we are able to normalise issues about trade between the two respective countries.”