SA and US begin talks to reduce 30% tariffs before August 1

tarrifs

Ramaphosa confirms diplomatic engagements are under way in an effort to de-escalate tensions

SA and the US have begun discussions aimed at reducing a looming 30% tariff on SA exports, President Cyril Ramaphosa said. 

This is as Pretoria scrambles to shield businesses and labour from the high tariff before August 1 when the levies are due to be implemented. Ramaphosa confirmed on Wednesday diplomatic engagements are under way in an effort to de-escalate tensions and preserve market access for SA producers from the heightened trade restrictions

Source – Business Day, by Thando Maeko

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