Ramaphosa responds to new 30% tariff on South Africa

BusinessTech

President Ramaphosa expressed concern over the US imposing a 30% import tariff on South African goods. The Presidency stated the move hinders trade relations and shared prosperity. Trump cited trade imbalances for the tariffs, with South Africa charging 60% tariffs on US goods. The announcement caused market turmoil and raised worries among South African businesses.
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