End of trade programme with US could put African industries at risk
South African President Cyril Ramaphosa said his country is in talks with a US trade representative to reduce tariffs, after telling world leaders that trade is being used as a weapon. US President Donald Trump last month imposed a 30% tariff on imports from South Africa. Mr Ramaphosa added that a trade arrangement with the US, which has been in place for the past 25 years and is scheduled to end this month, should continue. The African Growth and Opportunity Act (AGOA) grants access to the vast US consumer market in exchange for the 32 eligible African nations maintaining market-based economies and good governance.
South African President Cyril Ramaphosa said his country is in talks with a US trade representative to reduce tariffs, after telling world leaders that trade is being used as a weapon. US President Donald Trump last month imposed a 30% tariff on imports from South Africa. Mr Ramaphosa added that a trade arrangement with the US, which has been in place for the past 25 years and is scheduled to end this month, should continue. The African Growth and Opportunity Act (AGOA) grants access to the vast US consumer market in exchange for the 32 eligible African nations maintaining market-based economies and good governance.
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