Presidency expresses concern over U.S. Tariffs

The new tariffs, which include a 30% increase on South African goods and a 25% levy on automotive imports, have raised alarm among South African officials, who view these as a barrier to trade and shared prosperity.

Presidency spokesperson Vincent Magwenya stresses that unilateral, punitive tariffs undermine the spirit of collaboration and fair trade between the two countries.

"The newly imposed tariffs are concerning, as they limit the potential for growth in trade between South Africa and the United States."

The tariffs come at a time when both countries have expressed interest in strengthening their economic ties, with South Africa viewing the U.S. as a key trading partner. 

However, the recent decision by President Donald Trump to impose these tariffs on South African exports is seen as a significant setback, particularly for industries reliant on the U.S. market.

The Presidency has emphasized the urgency of negotiating a new bilateral trade agreement with the U.S. to secure long-term trade certainty. 

"These tariffs highlight the critical need for a renewed and mutually beneficial trade agreement with the United States. Such an agreement would not only ensure a stable trading environment but also provide clarity and stability for industries affected by these tariffs."

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