South African officials have raised alarm over the potential economic fallout of newly announced U.S. tariffs, warning that up to 30,000 local jobs could be at risk if urgent measures are not taken to manage the situation.
Speaking on Monday, South Africa’s Minister of Trade, Industry and Competition emphasized the significant impact of the 30 percent reciprocal tariffs imposed by the United States on key South African exports. Simphiwe Hamilton, Director-General of the Department, noted that the government’s projections are based on extensive consultations with stakeholders across the economy — particularly in vulnerable sectors such as agriculture and automotive manufacturing.
Continue reading with Eandel
Subscribe to unlock the complete story and receive your subscriber benefits.