SA eyes alternative markets amid looming US tariffs
With tensions rising in global trade and whispers of tariffs on South African mineral exports, the government has made it clear that it’s ready to diversify.
Minerals and Petroleum Minister Gwede Mantashe said South Africa must explore alternative markets if the United States, or any other partner, attempts to penalise it with harsh trade conditions.
"If the US imposes high tariffs, we must look for alternative markets. They are there. They are available. We must exploit them,” Mantashe said during the G20 Critical Minerals Stakeholder Engagement meeting on Tuesday.
The comments come as South Africa’s relationship with the US faces new scrutiny, including through the proposed US–South Africa Bilateral Relations Review Act of 2025 has passed through the House Foreign Affairs Committee, clearing its first major hurdle in Congress.
The legislation, which was proposed by Republican Congressman Ronny Jackson has passed through the House Foreign Affairs Committee, clearing its first major hurdle in Congress.
The legislation is now awaiting a full House vote, which is only expected after lawmakers return from recess in September.
Mantashe mase it clear that while diplomacy remains important, South Africa will not be boxed in by geopolitical pressures.
"The diplomatic discipline will engage the US, but it doesn’t stop us from diversifying our markets,” he said.
He pointed out that China is already South Africa’s largest trading partner, ahead of the US.
"The US is number two. It means if they impose heavy tariffs on us, we must look more for alternative markets in the world.”
Critical minerals are a growing focal point in global diplomacy. As the energy transition accelerates, major economies are competing for access to lithium, cobalt, nickel, and other rare metals.
South Africa, with its geological wealth and strategic location — is being courted, but also faces pressure to align with specific blocs.
Mantashe said South Africa is prioritising a broader shift in South-South cooperation and the desire among African nations to reduce over-reliance on traditional Western partners.
He said his stance aligns with the African Union’s call for fairer global trade rules and resonates with other emerging markets seeking greater agency in global supply chains.
Under South Africa’s 2025 G20 Presidency, there’s a renewed push to strengthen global mineral trade frameworks that work for the Global South.
Mantashe believes diversifying markets will be key to unlocking better deals, fairer terms, and long-term resilience.
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