Trade Negotiations

Trade Minister Parks Tau said the US’s 30% tariff on exports has necessitated a balanced response between renegotiation, trade diversification and protection from an import surge

The government is relieved by the reduction in the tariffs from the threatened 50% to 15%

Missed diversification opportunities cost the country as US tariffs expose trade blunders, risking jobs, stability and billions in exports

While the government negotiates a mutually beneficial deal with the US, it says it is making plans to diversify its export marke

The president said a support package was being finalised for firms that will be affected by the tariffs

But he secured tentative trade talks as negotiations with officials on a pact between South Africa and the US were set to continue

Officials and diplomats were working on Friday on a range of issues ahead of next week’s make-or-break ministerial trade negotiations.