S African trade minister meets USTR to discuss high trade tariffs

The 30-per cent US tariff poses a significant threat to South Africa’s economy grappling with growth challenges and high unemployment. It could also lead to substantial job losses.

South African trade minister Parks Tau recently met US trade representative Jamieson Greer in Washington, DC, to discuss a rollback of the high tariffs imposed by the US administration.
The 30-per cent tariff poses a significant threat to South Africa’s economy grappling with growth challenges and high unemployment.
Both sides want to set up a road map for future engagement.

Both sides want to set up a road map for future engagement and resolve ongoing trade and diplomatic issues.

While South Africa’s trade ministry reported a constructive meeting, US trade officials have been silent on the deliberations.

Trump earlier accused the South African government of discrimination against the white minority, affecting bilateral relations.

The United States remains a key trade and investment partner for South Africa, with bilateral trade at $15.1 billion in 2024, the American Chamber of Commerce’s chapter in the country reported.

South Africa’s exports to the United States were valued at $8.2 billion in 2024; while US imports into the former were worth $6.9 billion. There are over 600 US companies in South Africa and more than 22 South African companies in the United States.

Fibre2Fashion News Desk (DS)