Ramaphosa unveils support plan for exporters hit by US tariffs
In his weekly newsletter, Ramaphosa responded to the United States' decision to impose 30% tariffs on certain imports, stating that it highlights the urgent need for South Africa to adapt to shifting international trade conditions.
The president warned that the tariffs would significantly impact key sectors including agriculture, automotive, and textiles, along with the workers in these industries. In response, the government has launched an Export Support Desk to assist affected producers.
US President Donald Trump's decision to impose higher tariffs on South Africa and other countries is to encourage US consumers to buy more American-made goods. However, Ramaphosa refused the claims. He said South Africa and the US's trade relations have historically been complementary.
'South African exports do not compete with US producers and do not pose a threat to US industry. It remains our aspiration that this should continue,' said the president.
He also added that South African imports benefit US consumers in terms of both choice and cost. CHANNELS OF COMMUNICATION REMAIN OPEN WITH THE US
Despite the developments, Ramaphosa stressed that diplomatic channels with the US remain open. He added that the priority is protecting the country's export industries.
'We will continue to engage the US in an attempt to preserve market access for our products. We must also accelerate the diversification of our export markets, particularly by deepening intra-African trade,' he said.
The president added that the Export Support Desk will play a pivotal role in helping local industries explore new international markets. The desk will provide exporters with regular updates on trade developments and tailored advice on exploring alternative markets. It will also offer guidance on market entry, compliance requirements, and connect businesses with South African Embassies and High Commissions abroad.
He also announced plans to intensify trade missions in Africa and other global regions in the coming months.
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