SOUTH AFRICA CONTINUES TO ENGAGE THE US GOVERNMENT ON THE RECIPROCAL TARIFFS

MAKEKASIGREAT©®™ @KASIBC_AFRICA ONLINE EDITOR @KASIBC_AFRICA SOUTH AFRICA CONTINUES TO ENGAGE THE US GOVERNMENT ON THE RECIPROCAL TARIFFS President Cyril Ramaphosa notes with concern the reciprocal tariffs imposed by the United States on South African products. The reciprocal tariffs have been imposed by the US on a significant number of its trade partners and South Africa has not been spared. South Africa will continue negotiating with the US regarding the 30 percent tariff announced by the US, which will come into effect on or after 12:01 a.m. eastern daylight time 7 days after 1 August 2025. All applicable exceptions published in the previous US Executive Order are set to remain in force and these exceptions covered products such as copper, pharmaceuticals, semiconductors, lumber articles, certain critical minerals, stainless steel scrap and energy and energy products. Government has been engaging the United States, and has submitted a Framework Deal that aims to e...