In an executive order on Thursday, Trump slapped new tariff rates ranging from 10% to 41% on dozens of countries as he seeks to reshape global trade on more favourable terms for the U.S.
South Africa has tried for months to negotiate a deal with Washington and offered to buy U.S. liquefied natural gas and invest $3.3 billion in U.S. industries in exchange for lower tariffs. But the effort was unsuccessful, even after Pretoria made a last-minute attempt to improve its offer.
“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,“ Tau said in a statement late on Thursday.
The tariff hike underscores how South Africa’s strained relations with Washington are now having economic consequences.
The U.S. government is also unhappy with South Africa for bringing a genocide case against Israel at the World Court, and for its land reform policy which aims to address racial inequality in land ownership that is a legacy of apartheid.
Trump has falsely claimed that the South African government is seizing white farmers’ land. - Reuters
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