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Government seeks extension of Trump tariff deadline to pursue trade deal

Government seeks extension of Trump tariff deadline to pursue trade deal

The Herald16 hours ago
South Africa has asked for more time to negotiate a trade deal with US President Donald Trump's administration before his higher tariff regime goes into effect on July 9, the trade, industry and competition department said on Tuesday.
Trump imposed a 31% tax on US imports from South Africa in April as part of his global 'reciprocal' tariffs, before pausing their application for 90 days to allow negotiations.
South Africa aims to secure a trade deal that would exempt some of its key exports from the tariffs, including cars, car parts, steel and aluminium. It has offered to buy liquefied natural gas from the US in exchange.
It is also seeking a maximum tariff application of 10% as a worst-case scenario, the department said.
South African officials met assistant US trade representative for Africa Connie Hamilton in Luanda last week and learnt that the US was developing a template to use for its engagements with African countries.
'In view of this development, African countries, including South Africa, have advocated for the extension of the 90-day deadline to enable countries to prepare their proposed deals in accordance with the new template,' the department said.
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